Bank of America Corporation
Bank of America Corporation
Your view on BML-PL
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, offers a comprehensive suite of banking and financial solutions to a broad spectrum of clients, including individual customers, small and mid-sized companies, institutional investors, major corporations, and governmental entities.
The Consumer Banking division caters to individuals with a range of deposit options like standard and money market savings, certificates of deposit (CDs), and IRAs, alongside checking accounts that may or may not accrue interest.
It also issues credit and debit cards, facilitates residential mortgages and home equity lending, and provides various direct and indirect consumer loans, such as those for vehicles or personal use.
Bank of America's Global Wealth & Investment Management unit specializes in helping clients manage and grow their assets, delivering services such as investment management, brokerage, general banking, and trust and retirement planning. This segment also crafts tailored wealth management strategies, encompassing specialized asset management.
Through its Global Banking arm, the corporation extends a variety of credit facilities, including commercial loans, leasing arrangements, commitment lines, trade financing, and both commercial real estate and asset-backed lending.
It further supports businesses with treasury services like cash management, foreign exchange, short-term investment vehicles, and payment processing. Additionally, it assists with working capital optimization, underwrites and distributes debt and equity, and offers advisory services for mergers and other corporate transactions.
The Global Markets division is active in facilitating financial transactions, providing market-making services, financing solutions, and ensuring the smooth clearing, settlement, and safekeeping of securities.
This segment also devises risk management instruments utilizing a broad array of derivatives (covering interest rates, equities, credit, currencies, and commodities), foreign exchange, fixed-income products, and mortgage-backed securities.
By the close of 2021, Bank of America's extensive network served approximately 67 million individual consumers and small businesses. This reach is supported by roughly 4,200 physical branches, approximately 16,000 ATMs, and robust digital banking platforms accessed by about 41 million active users.
Established in 1784, the company 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. BML-PL last traded at $19.90, 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 $1.17 per share over the last year — a 5.9% yield at the current $19.90 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 2009. 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 $337.20B 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 $18.17 and $21.07 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 $337.20B 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.