Market Summary
USD28.97+0.48
Market Closed1.68%
BAC Alerts
BAC Stock Price
BAC RSI Chart
BAC Valuation
BAC Price/Sales (Trailing)
BAC Profitability
BAC Fundamentals
BAC Revenue
BAC Earnings
Price Action
52 Week Range
27.6843.83
(Low)(High)
Last 7 days
-12.5%
Last 30 days
-20.1%
Last 90 days
-10.3%
Trailing 12 Months
-30.1%
BAC Financial Health
BAC Investor Care
Peers (Alternatives to Bank of America)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
JPM | 387.2B | 128.7B | -10.04% | -0.72% | 10.28 | 3.01 | 5.79% | -22.05% |
BAC | 231.7B | 95.0B | -20.08% | -30.09% | 8.42 | 2.44 | 6.55% | -13.92% |
WFC | 149.2B | 54.0B | -19.28% | -21.00% | 11.32 | 2.76 | 36.10% | -38.82% |
USB | 54.5B | 17.9B | -27.81% | -32.89% | 9.36 | 3.04 | 33.05% | -26.85% |
PNC | 53.3B | 21.1B | -22.32% | -30.61% | 8.73 | 2.53 | 9.94% | 6.78% |
FHN | 8.3B | 2.7B | -36.60% | -31.85% | 9.27 | 3.11 | 24.33% | -9.91% |
| MID-CAP | ||||||||
CFR | 7.0B | 1.5B | -19.15% | -23.26% | 12.05 | 4.73 | 46.29% | 30.71% |
BOKF | 7.0B | 1.4B | -15.84% | -11.84% | 13.4 | 5.01 | 17.98% | -15.83% |
ZION | 4.8B | 2.7B | -41.49% | -51.97% | 5.26 | 1.76 | 19.32% | -19.66% |
PNFP | 4.4B | 1.4B | -29.93% | -40.27% | 7.8 | 3.18 | 33.23% | 6.34% |
| SMALL-CAP | ||||||||
PRK | 2.1B | 378.2M | -5.46% | -7.67% | 13.94 | 5.47 | 19.24% | -3.63% |
TRMK | 1.6B | 541.8M | -14.17% | -19.11% | 22.59 | 3 | 22.45% | -51.22% |
WABC | 1.4B | 221.8M | -13.82% | -20.18% | 11.1 | 6.11 | 27.86% | 41.07% |
HOPE | 1.3B | 716.1M | -19.52% | -33.30% | 6.15 | 1.87 | 26.40% | 6.70% |
Financials for Bank of America
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.7% | 94,950 | 92,478 | 90,742 | 89,520 | 89,113 |
| EBITDA | 4.1% | 85,409 | 82,052 | 80,012 | 78,929 | - |
| EBITDA Margin | 1.4% | 0.90* | 0.89* | 0.88* | 0.88* | - |
| Earnings Before Taxes | 0.3% | 30,969 | 30,890 | 31,539 | 32,689 | 33,976 |
| EBT Margin | -2.4% | 0.33* | 0.33* | 0.35* | 0.37* | - |
| Interest Expenses | 6.6% | 52,462 | 49,191 | 46,520 | 44,309 | 42,934 |
| Net Income | 0.4% | 27,528 | 27,409 | 28,018 | 30,995 | 31,978 |
| Net Income Margin | -2.2% | 0.29* | 0.30* | 0.56* | 0.35* | - |
| Free Cahsflow | -186.4% | -6,327 | 7,326 | 3,967 | -295 | - |
| Balance Sheet | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2018Q1 | 2017Q4 | 2017Q3 | 2017Q2 | 2017Q1 |
| Assets | -3.8% | 85,631,000,000 | 89,008,000,000 | 92,443,000,000 | 97,993,000,000 | 112,153,000,000 |
| Liabilities | 0.2% | 1,983,542,000,000 | 1,979,548,000,000 | - | - | - |
| Float | - | 239,643,149,085 | - | - | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -186.4% | -6,327 | 7,326 | 3,967 | -295 | -7,193 |
| Share Based Compensation | -3.7% | 2,862 | 2,972 | 2,836 | 2,654 | 2,768 |
| Cashflow From Investing | 96.7% | -2,529 | -75,816 | -143,275 | -268,619 | -313,291 |
| Cashflow From Financing | -7750.7% | -106,039 | 1,386 | 82,938 | 218,909 | 291,650 |
| Buy Backs | -56.3% | 5,073 | 11,608 | 21,072 | 24,306 | 25,126 |
Risks for BAC
What is the probability of a big loss on BAC?
55.4%
Probability that Bank of America stock will be more than 20% underwater in next one year
36.1%
Probability that Bank of America stock will be more than 30% underwater in next one year.
18.5%
Probability that Bank of America stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does BAC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Bank of America was unfortunately bought at previous high price.
Drawdowns
Returns for BAC
Cumulative Returns on BAC
10.3%
10-Year Cumulative Returns
13.7%
7-Year Cumulative Returns
-0.3%
5-Year Cumulative Returns
7.9%
3-Year Cumulative Returns
What are the long-term rolling returns for BAC?
FIve years rolling returns for Bank of America.
Annualized Returns
Which funds bought or sold BAC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 9.76 | 1,360,100 | 8,050,100 | 0.23% |
2023-03-13 | Claro Advisors LLC | added | 10.04 | 235,284 | 1,616,280 | 0.53% |
2023-03-10 | MATHER GROUP, LLC. | added | 0.22 | 157,292 | 1,747,290 | 0.03% |
2023-03-10 | Financial Alternatives, Inc | new | - | 386,477 | 386,477 | 0.38% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 4.7 | 3,369,400 | 98,443,400 | 0.11% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -4.13 | 5,821,440 | 119,050,000 | 0.13% |
2023-03-08 | SHEETS SMITH WEALTH MANAGEMENT | added | 0.83 | 42,864 | 444,864 | 0.07% |
2023-03-08 | Capital Asset Advisory Services LLC | added | 13.92 | 312,004 | 1,497,000 | 0.12% |
2023-03-07 | Great Lakes Retirement, Inc. | new | - | 7,145,190 | 7,145,190 | 1.83% |
2023-03-06 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | added | 0.69 | 260,758 | 2,764,760 | 1.05% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
BAC Alerts
Bank of America News
Schedule 13G FIlings of Bank of America
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 7.58% | 607,703,467 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 5.9% | 474,777,122 | SC 13G/A | |
| Mar 11, 2022 | blackrock inc. | 6.1% | 496,922,071 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 7.16% | 586,192,046 | SC 13G/A | |
| Feb 08, 2022 | blackrock inc. | 6.1% | 496,922,071 | SC 13G | |
| Feb 16, 2021 | berkshire hathaway inc | 11.9% | 1,032,852,006 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 7.11% | 614,743,131 | SC 13G/A | |
| Feb 05, 2021 | blackrock inc. | 6.0% | 515,170,704 | SC 13G/A | |
| Feb 14, 2020 | berkshire hathaway inc | 10.7% | 947,760,000 | SC 13G/A | |
| Feb 14, 2020 | berkshire hathaway inc | 10.7% | 947,760,000 | SC 13G/A |
BAC Fair Value
Bank of America fair value in different scenarios
The table shows the Fair Value estimates for Bank of America for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 26.83 -7.39% | 32.86 13.43% | 45.55 57.23% | 62.92 117.19% | 73.22 152.74% |
| Current Inflation | 24.95 -13.88% | 30.21 4.28% | 40.97 41.42% | 55.53 91.68% | 64.14 121.40% |
| Very High Inflation | 22.60 -21.99% | 26.93 -7.04% | 35.50 22.54% | 46.89 61.86% | 53.63 85.12% |
Historical Bank of America Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Bank of America
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 16, 2023 | 424B2 | Prospectus Filed | |
| Mar 16, 2023 | 424B2 | Prospectus Filed | |
| Mar 16, 2023 | 424B2 | Prospectus Filed | |
| Mar 16, 2023 | 424B2 | Prospectus Filed | |
| Mar 16, 2023 | 424B2 | Prospectus Filed | |
| Mar 16, 2023 | 424B2 | Prospectus Filed | |
| Mar 16, 2023 | 424B2 | Prospectus Filed | |
| Mar 16, 2023 | 424B2 | Prospectus Filed | |
| Mar 16, 2023 | 424B2 | Prospectus Filed | |
| Mar 16, 2023 | 424B2 | Prospectus Filed |
Latest Insider Trading transactions for BAC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-01 | Knox Kathleen A. | acquired | - | - | 34,856 | president, the private bank |
2023-03-01 | Greener Geoffrey S | sold (taxes) | -1,621,680 | 34.14 | -47,501 | chief risk officer |
2023-03-01 | Nguyen Thong M | sold (taxes) | -1,392,330 | 34.14 | -40,783 | vice chair, gl stra & ent plat |
2023-03-01 | Donofrio Paul M | sold (taxes) | -1,754,860 | 34.14 | -51,402 | vice chair |
2023-03-01 | Bronstein Sheri B. | acquired | - | - | 32,920 | chief human resources officer |
2023-03-01 | Bronstein Sheri B. | sold (taxes) | -575,225 | 34.14 | -16,849 | chief human resources officer |
2023-03-01 | Athanasia Dean C | acquired | - | - | 89,078 | president, regional banking |
2023-03-01 | Greener Geoffrey S | acquired | - | - | 92,950 | chief risk officer |
2023-03-01 | Knox Kathleen A. | sold (taxes) | -549,005 | 34.14 | -16,081 | president, the private bank |
2023-03-01 | Sieg Andrew M. | acquired | - | - | 42,602 | pres, merrill wealth mgmt |
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
BAC Income Statement
2022-12-31Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Net interest income | |||
| Interest income | $ 72,565 | $ 47,672 | $ 51,585 |
| Interest expense | 20,103 | 4,738 | 8,225 |
| Net interest income | 52,462 | 42,934 | 43,360 |
| Noninterest income | |||
| Fees and commissions | 33,212 | 39,299 | 34,551 |
| Market making and similar activities | 12,075 | 8,691 | 8,355 |
| Other income | (2,799) | (1,811) | (738) |
| Total noninterest income | 42,488 | 46,179 | 42,168 |
| Total revenue, net of interest expense | 94,950 | 89,113 | 85,528 |
| Provision for credit losses | 2,543 | (4,594) | 11,320 |
| Noninterest expense | |||
| Compensation and benefits | 36,447 | 36,140 | 32,725 |
| Occupancy and equipment | 7,071 | 7,138 | 7,141 |
| Information processing and communications | 6,279 | 5,769 | 5,222 |
| Product delivery and transaction related | 3,653 | 3,881 | 3,433 |
| Professional fees | 2,142 | 1,775 | 1,694 |
| Marketing | 1,825 | 1,939 | 1,701 |
| Other general operating | 4,021 | 3,089 | 3,297 |
| Total noninterest expense | 61,438 | 59,731 | 55,213 |
| Income before income taxes | 30,969 | 33,976 | 18,995 |
| Income tax expense | 3,441 | 1,998 | 1,101 |
| Net income | 27,528 | 31,978 | 17,894 |
| Preferred stock dividends and other | 1,513 | 1,421 | 1,421 |
| Net income applicable to common shareholders | $ 26,015 | $ 30,557 | $ 16,473 |
| Per common share information | |||
| Earnings (in dollars per share) | $ 3.21 | $ 3.60 | $ 1.88 |
| Diluted earnings (in dollars per share) | $ 3.19 | $ 3.57 | $ 1.87 |
| Average common shares issued and outstanding (in shares) | 8,113.7 | 8,493.3 | 8,753.2 |
| Average diluted common shares issued and outstanding (in shares) | 8,167.5 | 8,558.4 | 8,796.9 |
BAC Balance Sheet
2022-12-31Consolidated Balance Sheet - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $ 30,334 | $ 29,222 |
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | 199,869 | 318,999 |
| Cash and cash equivalents | 230,203 | 348,221 |
| Time deposits placed and other short-term investments | 7,259 | 7,144 |
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $146,999 and $150,665 measured at fair value) | 267,574 | 250,720 |
| Trading account assets (includes $115,505 and $103,434 pledged as collateral) | 296,108 | 247,080 |
| Derivative assets | 48,642 | 35,344 |
| Debt securities: | ||
| Carried at fair value | 229,994 | 308,073 |
| Held-to-maturity, at cost (fair value – $524,267 and $665,890) | 632,825 | 674,554 |
| Total debt securities | 862,819 | 982,627 |
| Loans and leases (includes $5,771 and $7,819 measured at fair value) | 1,045,747 | 979,124 |
| Allowance for loan and lease losses | (12,682) | (12,387) |
| Loans and leases, net of allowance | 1,033,065 | 966,737 |
| Premises and equipment, net | 11,510 | 10,833 |
| Goodwill | 69,022 | 69,022 |
| Loans held-for-sale (includes $1,115 and $4,455 measured at fair value) | 6,871 | 15,635 |
| Customer and other receivables | 67,543 | 72,263 |
| Other assets (includes $9,594 and $12,144 measured at fair value) | 150,759 | 163,869 |
| Total assets | 3,051,375 | 3,169,495 |
| Deposits in U.S. offices: | ||
| Noninterest-bearing | 640,745 | 784,189 |
| Interest-bearing (includes $311 and $408 measured at fair value) | 1,182,590 | 1,165,914 |
| Deposits in non-U.S. offices: | ||
| Noninterest-bearing | 20,480 | 27,457 |
| Interest-bearing | 86,526 | 86,886 |
| Total deposits | 1,930,341 | 2,064,446 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $151,708 and $139,641 measured at fair value) | 195,635 | 192,329 |
| Trading account liabilities | 80,399 | 100,690 |
| Derivative liabilities | 44,816 | 37,675 |
| Short-term borrowings (includes $832 and $4,279 measured at fair value) | 26,932 | 23,753 |
| Accrued expenses and other liabilities (includes $9,752 and $11,489 measured at fair value and $1,540 and $1,456 of reserve for unfunded lending commitments) | 224,073 | 200,419 |
| Long-term debt (includes $33,070 and $29,708 measured at fair value) | 275,982 | 280,117 |
| Total liabilities | 2,778,178 | 2,899,429 |
| Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 12 – Commitments and Contingencies) | ||
| Shareholders’ equity | ||
| Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 4,088,101 and 3,939,686 shares | 28,397 | 24,708 |
| Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,996,777,943 and 8,077,831,463 shares | 58,953 | 62,398 |
| Retained earnings | 207,003 | 188,064 |
| Accumulated other comprehensive income (loss) | (21,156) | (5,104) |
| Total shareholders’ equity | 273,197 | 270,066 |
| Total liabilities and shareholders’ equity | 3,051,375 | 3,169,495 |
| Consolidated VIEs | ||
| Assets | ||
| Trading account assets (includes $115,505 and $103,434 pledged as collateral) | 2,816 | 5,004 |
| Debt securities: | ||
| Loans and leases (includes $5,771 and $7,819 measured at fair value) | 16,738 | 17,135 |
| Allowance for loan and lease losses | (797) | (958) |
| Loans and leases, net of allowance | 15,941 | 16,177 |
| Other assets (includes $9,594 and $12,144 measured at fair value) | 116 | 189 |
| Total assets | 18,873 | 21,370 |
| Deposits in non-U.S. offices: | ||
| Short-term borrowings (includes $832 and $4,279 measured at fair value) | 42 | 247 |
| Long-term debt (includes $33,070 and $29,708 measured at fair value) | 4,581 | 3,587 |
| All other liabilities (includes $13 and $7 of non-recourse liabilities) | 13 | 7 |
| Total liabilities | $ 4,636 | $ 3,841 |