Bank of America Corporation
Bank of America Corporation
Your view on BAC-PM
Overview
What the company does, where it operates, and who runs it.
About Bank of America Corporation
- Industry
- Banks - Diversified
- Sector
- Financial Services
- CEO
- Brian Thomas Moynihan
- Headquarters
- Bank of America Corporate Center, Charlotte, NC, US
- Industry
- Banks - Diversified
- Sector
- Financial Services
- CEO
- Brian Thomas Moynihan
- Headquarters
- Bank of America Corporate Center, Charlotte, NC, US
Bank of America Corporation, an entity operating globally through its various subsidiaries, delivers a comprehensive suite of banking and financial offerings. Its diverse clientele spans individual consumers, small to mid-sized enterprises, institutional investors, major corporations, and governmental bodies across the world.
Within its Consumer Banking division, the company presents a wide array of options, including traditional and money market savings accounts, certificates of deposit (CDs), and Individual Retirement Accounts (IRAs). Customers can also access interest-bearing and non-interest-bearing checking accounts, alongside various investment products.
Additionally, it issues credit and debit cards, originates residential mortgages, provides home equity loans, and extends both direct and indirect consumer credit for purposes such as auto purchases, recreational vehicles, and personal needs.
The Global Wealth & Investment Management segment focuses on a broad spectrum of services encompassing investment management, brokerage, traditional banking functions, and trust and retirement planning solutions. This division also provides tailored wealth management strategies, which include specialized asset management offerings.
Bank of America's Global Banking unit furnishes a range of corporate lending and financing solutions. These include commercial loans, leases, commitment facilities, trade finance instruments, commercial real estate financing, and asset-backed lending.
It further supports businesses with treasury solutions, such as cash management, foreign exchange services, short-term investment vehicles, and merchant processing.
Working capital management guidance is also provided, alongside services for debt and equity underwriting and distribution, and advisory on mergers and acquisitions and other strategic matters. Through its Global Markets segment, the firm facilitates capital markets activities.
This involves market-making, providing financing, and offering securities clearing, settlement, and custody services.
Furthermore, it delivers risk management products utilizing an array of financial instruments, including interest rate, equity, credit, currency, and commodity derivatives, as well as foreign exchange, fixed-income, and mortgage-related products.
As of December 31, 2021, Bank of America catered to approximately 67 million consumer and small business customers. This extensive reach is supported by a physical network comprising around 4,200 retail financial centers and nearly 16,000 ATMs. Moreover, its digital banking platforms engaged approximately 41 million active users.
Established in 1784, the company's corporate headquarters are situated in Charlotte, North Carolina.
Media
Infographics, videos, and posts covering the company.
Stock Data
Price chart, volume, and trading data.
Fair Value
What FRC thinks it is worth vs. the current price.
FRC's fair value estimate for Bank of America Corporation, and the rating behind it. BAC-PM last traded at $19.07, 12.3× trailing earnings — the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for Bank of America Corporation. Starting points for Bank of America Corporation: P/E 12.3, EPS $4.71, beta 1.18 — an Banks - Diversified name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for Bank of America Corporation. Bank of America Corporation paid $1.34 per share over the last year — a 7.0% yield at the current $19.07 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for Bank of America Corporation. Trailing twelve-month EPS for Bank of America Corporation stands at $4.71. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for Bank of America Corporation. Bank of America Corporation has reported as a listed company since 2019. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
Bank of America Corporation valued side by side against its closest peers. Bank of America Corporation is measured against Banks - Diversified peers within the Financial Services sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
PremiumWhich funds and firms own the stock.
Which institutions hold Bank of America Corporation, and how their positions are changing. At a $400.37B market value, institutional positions materially move Bank of America Corporation's register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.
Insider Trading
PremiumRecent buying and selling by company executives.
Buying and selling by Bank of America Corporation executives and directors. Shares of Bank of America Corporation have traded between $20.85 and $23.61 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.
Senate Trading
PremiumU.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming Bank of America Corporation. Bank of America Corporation is a $400.37B Financial Services company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.
House Trading
PremiumU.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming Bank of America Corporation. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.
News
Latest headlines and market coverage.
Latest headlines and company announcements for Bank of America Corporation. Coverage tracks Bank of America Corporation within Banks - Diversified (Financial Services). Press releases and market coverage, newest first.
Comments
Comments and replies from FRC members about this company.