Bank of America Corporation
Bank of America Corporation
Your view on BAC-PP
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, operating globally through its various divisions, delivers a comprehensive suite of banking and financial solutions. Its extensive client base includes individual consumers, small and mid-sized enterprises, institutional investors, major corporations, and governmental entities across the globe.
The company's Consumer Banking division caters to individuals with a range of deposit products, such as standard savings, money market accounts, certificates of deposit (CDs), and IRAs, alongside both interest-bearing and non-interest-bearing checking options.
This segment also provides investment accounts, credit and debit cards, residential mortgages, home equity loans, and various direct and indirect lending solutions, including those for automobiles, recreational vehicles, and personal needs.
Under its Global Wealth & Investment Management arm, Bank of America delivers a spectrum of services encompassing investment management, brokerage, general banking, trust services, and retirement planning. It also provides holistic wealth management strategies and bespoke solutions, including specialized asset management.
The Global Banking segment is responsible for corporate lending, offering commercial loans, lease financing, credit commitment facilities, trade finance, and both commercial real estate and asset-based lending.
It also provides treasury services, including treasury management, foreign exchange, short-term investment vehicles, and merchant services, alongside working capital management.
Furthermore, this segment handles debt and equity underwriting and distribution, as well as advisory services for mergers and acquisitions and other corporate finance matters.
Bank of America's Global Markets division engages in capital markets activities such as market-making, financing, and comprehensive securities clearing, settlement, and custody.
It additionally provides sophisticated risk management products, leveraging derivatives across interest rates, equities, credit, currencies, and commodities, in addition to foreign exchange, fixed-income, and mortgage-backed securities products.
Demonstrating its vast reach, as of year-end 2021, Bank of America served roughly 67 million individual and small business customers. This extensive network was supported by around 4,200 physical branches, approximately 16,000 ATMs, and digital banking platforms utilized by roughly 41 million active users.
Tracing its origins back to 1784, the corporation maintains its headquarters 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-PP last traded at $15.21, 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 $1.03 per share over the last year — a 6.8% yield at the current $15.21 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 2021. 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 $411.75B 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 $16.04 and $18.19 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 $411.75B 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.