Bank of America Corp
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $28.4
- Today's High:
- $29.14
- Open Price:
- $28.46
- 52W Low:
- $26.1116
- 52W High:
- $37.8265
- Prev. Close:
- $28.48
- Volume:
- 40851574
Company Statistics
- Market Cap.:
- $227.44 billion
- Book Value:
- 31.584
- Revenue TTM:
- $94.54 billion
- Operating Margin TTM:
- 34.04%
- Gross Profit TTM:
- $92.41 billion
- Profit Margin:
- 30.28%
- Return on Assets TTM:
- 0.89%
- Return on Equity TTM:
- 10.47%
Company Profile
Bank of America Corp had its IPO on 1978-01-13 under the ticker symbol BAC.
The company operates in the Financial Services sector and Banks-Diversified industry. Bank of America Corp has a staff strength of 217,000 employees.
Stock update
Shares of Bank of America Corp opened at $28.46 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $28.4 - $29.14, and closed at $28.97.
This is a +1.72% increase from the previous day's closing price.
A total volume of 40,851,574 shares were traded at the close of the day’s session.
In the last one week, shares of Bank of America Corp have slipped by -0.03%.
Bank of America Corp's Key Ratios
Bank of America Corp has a market cap of $227.44 billion, indicating a price to book ratio of 1.0773 and a price to sales ratio of 2.785.
In the last 12-months Bank of America Corp’s revenue was $94.54 billion with a gross profit of $92.41 billion and an EBITDA of $0. The EBITDA ratio measures Bank of America Corp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Bank of America Corp’s operating margin was 34.04% while its return on assets stood at 0.89% with a return of equity of 10.47%.
In Q1, Bank of America Corp’s quarterly earnings growth was a positive 17.5% while revenue growth was a positive 9.2%.
Bank of America Corp’s PE and PEG Ratio
- Forward PE
- 8.7489
- Trailing PE
- 8.5706
- PEG
- 87.4797
Its diluted EPS in the last 12-months stands at $3.33 per share while it has a forward price to earnings multiple of 8.7489 and a PEG multiple of 87.4797. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Bank of America Corp’s profitability.
Bank of America Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.785.
Bank of America Corp stock pays annual dividends of $0.87 per share, indicating a yield of 3.08% and a payout ratio of 26.04%.
Balance sheet and cash flow metrics
- Total Assets
- $3,194.66 billion
- Total Liabilities
- $56.56 billion
- Operating Cash Flow
- $30.85 billion
- Capital Expenditure
- $0
- Dividend Payout Ratio
- 26.04%
Bank of America Corp ended 2024 with $3,194.66 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3,194.66 billion while shareholder equity stood at $280.20 billion.
Bank of America Corp ended 2024 with $0 in deferred long-term liabilities, $56.56 billion in other current liabilities, 57264000000.00 in common stock, $213.06 billion in retained earnings and $69.02 billion in goodwill. Its cash balance stood at $387.86 billion and cash and short-term investments were $550.27 billion. The company’s total short-term debt was $56,564,000,000 while long-term debt stood at $283.87 billion.
Bank of America Corp’s total current assets stands at $643.57 billion while long-term investments were $1,111.98 billion and short-term investments were $162.41 billion. Its net receivables were $93.30 billion compared to accounts payable of $216.62 billion and inventory worth $0.
In 2024, Bank of America Corp's operating cash flow was $30.85 billion while its capital expenditure stood at $0.
Comparatively, Bank of America Corp paid $0.26 in dividends in 2024.
Other key metrics
- Current Trading Price
- $28.97
- 52-Week High
- $37.8265
- 52-Week Low
- $26.1116
- Analyst Target Price
- $36.4
Bank of America Corp stock is currently trading at $28.97 per share. It touched a 52-week high of $37.8265 and a 52-week low of $37.8265. Analysts tracking the stock have a 12-month average target price of $36.4.
Its 50-day moving average was $29.76 and 200-day moving average was $30.48 The short ratio stood at 1.63 indicating a short percent outstanding of 0%.
Around 11% of the company’s stock are held by insiders while 7162.3% are held by institutions.
Frequently Asked Questions About Bank of America Corp
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About
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. The company was founded in 1784 and is based in Charlotte, North Carolina.