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Bank of America Corp Stock Research

BAC

28.97USD+0.48(+1.68%)Market Closed

Market Summary

USD28.97+0.48
Market Closed
1.68%

BAC Alerts

BAC Stock Price

BAC RSI Chart

BAC Valuation

Market Cap

231.7B

Price/Earnings (Trailing)

8.42

Price/Sales (Trailing)

2.44

EV/EBITDA

3.25

Price/Free Cashflow

-36.62

BAC Price/Sales (Trailing)

BAC Profitability

EBT Margin

32.62%

Return on Equity

10.08%

Return on Assets

0.92%

Free Cashflow Yield

-2.73%

BAC Fundamentals

BAC Revenue

Revenue (TTM)

95.0B

Revenue Y/Y

11.21%

Revenue Q/Q

0.12%

BAC Earnings

Earnings (TTM)

27.5B

Earnings Y/Y

1.7%

Earnings Q/Q

0.71%

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

Debt/Equity

1.01

Debt/Cashflow

-0.02

BAC Investor Care

Dividend Yield

2.31%

Dividend/Share (TTM)

0.78

Buy Backs (1Y)

1.00%

Diluted EPS (TTM)

3.19

Peers (Alternatives to Bank of America)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
387.2B
128.7B
-10.04% -0.72%
10.28
3.01
5.79% -22.05%
231.7B
95.0B
-20.08% -30.09%
8.42
2.44
6.55% -13.92%
149.2B
54.0B
-19.28% -21.00%
11.32
2.76
36.10% -38.82%
54.5B
17.9B
-27.81% -32.89%
9.36
3.04
33.05% -26.85%
53.3B
21.1B
-22.32% -30.61%
8.73
2.53
9.94% 6.78%
8.3B
2.7B
-36.60% -31.85%
9.27
3.11
24.33% -9.91%
MID-CAP
7.0B
1.5B
-19.15% -23.26%
12.05
4.73
46.29% 30.71%
7.0B
1.4B
-15.84% -11.84%
13.4
5.01
17.98% -15.83%
4.8B
2.7B
-41.49% -51.97%
5.26
1.76
19.32% -19.66%
4.4B
1.4B
-29.93% -40.27%
7.8
3.18
33.23% 6.34%
SMALL-CAP
2.1B
378.2M
-5.46% -7.67%
13.94
5.47
19.24% -3.63%
1.6B
541.8M
-14.17% -19.11%
22.59
3
22.45% -51.22%
1.4B
221.8M
-13.82% -20.18%
11.1
6.11
27.86% 41.07%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.7%94,95092,47890,74289,52089,113
EBITDA4.1%85,40982,05280,01278,929-
EBITDA Margin1.4%0.90*0.89*0.88*0.88*-
Earnings Before Taxes0.3%30,96930,89031,53932,68933,976
EBT Margin-2.4%0.33*0.33*0.35*0.37*-
Interest Expenses6.6%52,46249,19146,52044,30942,934
Net Income0.4%27,52827,40928,01830,99531,978
Net Income Margin-2.2%0.29*0.30*0.56*0.35*-
Free Cahsflow-186.4%-6,3277,3263,967-295-
Balance Sheet
Description(%) Q/Q2018Q12017Q42017Q32017Q22017Q1
Assets-3.8%85,631,000,00089,008,000,00092,443,000,00097,993,000,000112,153,000,000
Liabilities0.2%1,983,542,000,0001,979,548,000,000---
Float-239,643,149,085----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-186.4%-6,3277,3263,967-295-7,193
  Share Based Compensation-3.7%2,8622,9722,8362,6542,768
Cashflow From Investing96.7%-2,529-75,816-143,275-268,619-313,291
Cashflow From Financing-7750.7%-106,0391,38682,938218,909291,650
  Buy Backs-56.3%5,07311,60821,07224,30625,126

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 ascendingFund NameType% 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%

1–10 of 44

Latest Funds Activity

Are funds buying BAC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own BAC
No. of Funds

Bank of America News

Reuters

S&P cuts First Republic deeper into junk, says $30 billion infusion ....

Reuters,
8 hours ago

Morningstar

Yahoo Finance

Schedule 13G FIlings of Bank of America

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Brian T. Moynihan
65535
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

2022-12-31
Consolidated 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 expense20,1034,7388,225
Net interest income52,46242,93443,360
Noninterest income   
Fees and commissions33,21239,29934,551
Market making and similar activities12,0758,6918,355
Other income(2,799)(1,811)(738)
Total noninterest income42,48846,17942,168
Total revenue, net of interest expense94,95089,11385,528
Provision for credit losses2,543(4,594)11,320
Noninterest expense   
Compensation and benefits36,44736,14032,725
Occupancy and equipment7,0717,1387,141
Information processing and communications6,2795,7695,222
Product delivery and transaction related3,6533,8813,433
Professional fees2,1421,7751,694
Marketing1,8251,9391,701
Other general operating4,0213,0893,297
Total noninterest expense61,43859,73155,213
Income before income taxes30,96933,97618,995
Income tax expense3,4411,9981,101
Net income27,52831,97817,894
Preferred stock dividends and other1,5131,4211,421
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)8,113.78,493.38,753.2
Average diluted common shares issued and outstanding (in shares)8,167.58,558.48,796.9

BAC Balance Sheet

2022-12-31
Consolidated 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 banks199,869318,999
Cash and cash equivalents230,203348,221
Time deposits placed and other short-term investments7,2597,144
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $146,999 and $150,665 measured at fair value)267,574250,720
Trading account assets (includes $115,505 and $103,434 pledged as collateral)296,108247,080
Derivative assets48,64235,344
Debt securities:  
Carried at fair value229,994308,073
Held-to-maturity, at cost (fair value – $524,267 and $665,890)632,825674,554
Total debt securities862,819982,627
Loans and leases (includes $5,771 and $7,819 measured at fair value)1,045,747979,124
Allowance for loan and lease losses(12,682)(12,387)
Loans and leases, net of allowance1,033,065966,737
Premises and equipment, net11,51010,833
Goodwill69,02269,022
Loans held-for-sale (includes $1,115 and $4,455 measured at fair value)6,87115,635
Customer and other receivables67,54372,263
Other assets (includes $9,594 and $12,144 measured at fair value)150,759163,869
Total assets3,051,3753,169,495
Deposits in U.S. offices:  
Noninterest-bearing640,745784,189
Interest-bearing (includes $311 and $408 measured at fair value)1,182,5901,165,914
Deposits in non-U.S. offices:  
Noninterest-bearing20,48027,457
Interest-bearing86,52686,886
Total deposits1,930,3412,064,446
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $151,708 and $139,641 measured at fair value)195,635192,329
Trading account liabilities80,399100,690
Derivative liabilities44,81637,675
Short-term borrowings (includes $832 and $4,279 measured at fair value)26,93223,753
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)224,073200,419
Long-term debt (includes $33,070 and $29,708 measured at fair value)275,982280,117
Total liabilities2,778,1782,899,429
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 shares28,39724,708
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 shares58,95362,398
Retained earnings207,003188,064
Accumulated other comprehensive income (loss)(21,156)(5,104)
Total shareholders’ equity273,197270,066
Total liabilities and shareholders’ equity3,051,3753,169,495
Consolidated VIEs  
Assets  
Trading account assets (includes $115,505 and $103,434 pledged as collateral)2,8165,004
Debt securities:  
Loans and leases (includes $5,771 and $7,819 measured at fair value)16,73817,135
Allowance for loan and lease losses(797)(958)
Loans and leases, net of allowance15,94116,177
Other assets (includes $9,594 and $12,144 measured at fair value)116189
Total assets18,87321,370
Deposits in non-U.S. offices:  
Short-term borrowings (includes $832 and $4,279 measured at fair value)42247
Long-term debt (includes $33,070 and $29,708 measured at fair value)4,5813,587
All other liabilities (includes $13 and $7 of non-recourse liabilities)137
Total liabilities$ 4,636$ 3,841