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.
Flawless balance sheet established dividend payer.
Share Price & News
How has Bank of America's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 0Q16 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how 0Q16 performed against the UK Banks industry.
Return vs Market: Insufficient data to determine how 0Q16 performed against the UK Market.
Price Volatility Vs. Market
How volatile is Bank of America's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Bank of America undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 0Q16 ($34.74) is trading below our estimate of fair value ($47.47)
Significantly Below Fair Value: 0Q16 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 0Q16 is poor value based on its PE Ratio (12.5x) compared to the Banks industry average (9.1x).
PE vs Market: 0Q16 is good value based on its PE Ratio (12.5x) compared to the UK market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: 0Q16 is poor value based on its PEG Ratio (43x)
Price to Book Ratio
PB vs Industry: 0Q16 is overvalued based on its PB Ratio (1.3x) compared to the GB Banks industry average (0.6x).
How is Bank of America forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 0Q16's forecast earnings growth (0.3% per year) is below the savings rate (0.5%).
Earnings vs Market: 0Q16's earnings (0.3% per year) are forecast to grow slower than the UK market (13.1% per year).
High Growth Earnings: 0Q16's earnings are forecast to grow, but not significantly.
Revenue vs Market: 0Q16's revenue (3.7% per year) is forecast to grow faster than the UK market (3.5% per year).
High Growth Revenue: 0Q16's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 0Q16's Return on Equity is forecast to be low in 3 years time (11%).
How has Bank of America performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 0Q16 has a high level of non-cash earnings.
Growing Profit Margin: 0Q16's current net profit margins (29.7%) are lower than last year (30.1%).
Past Earnings Growth Analysis
Earnings Trend: 0Q16's earnings have grown significantly by 21.9% per year over the past 5 years.
Accelerating Growth: 0Q16's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 0Q16 had negative earnings growth (-2.6%) over the past year, making it difficult to compare to the Banks industry average (28.3%).
Return on Equity
High ROE: 0Q16's Return on Equity (10.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Bank of America's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 0Q16 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 0Q16's debt is covered by short term assets (assets are 1.7x debt).
Financial Institutions Analysis
Asset Level: 0Q16's level of assets compared to its equity is low.
Allowance for Bad Loans: 0Q16 has a sufficient allowance for bad loans.
Low Risk Liabilities: 0Q16's liabilities are made up of primarily low risk sources of funding.
Loan Level: 0Q16 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 0Q16's loans are broadly funded by customer deposits.
Level of Bad Loans: 0Q16 has an appropriate level of bad loans (0.39%)
What is Bank of America's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Bank of America before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 0Q16's dividend (2.07%) is higher than the bottom 25% of dividend payers in the UK market (1.81%).
High Dividend: 0Q16's dividend (2.07%) is low compared to the top 25% of dividend payers in the UK market (5.12%).
Stability and Growth of Payments
Stable Dividend: 0Q16's dividends per share have been stable in the past 10 years.
Growing Dividend: 0Q16's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.8%), 0Q16's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 0Q16's dividends in 3 years are forecast to be well covered by earnings (30.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brian Moynihan (60yo)
Mr. Brian T. Moynihan has been the Chief Executive Officer and Director of Bank of America Corporation since January 01, 2010 and has been its Chairman since October 01, 2014. Mr. Moynihan had been the Pre ...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD22.75M) is above average for companies of similar size in the UK market ($USD4.67M).
Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.
|Chairman & CEO||10.1yrs||US$22.75m||0.017% $51.7m|
|Chief Financial Officer||4.5yrs||US$11.93m||0.0070% $21.4m|
|COO & President of Global Banking and Markets||8.4yrs||US$18.79m||0.033% $101.9m|
|Vice Chairman||14.3yrs||US$10.15m||0.0026% $7.9m|
|President of Retail and Preferred & Small Business Banking||2.1yrs||US$10.15m||0.0013% $4.0m|
|Chief Risk Officer||5.8yrs||US$11.66m||0.0085% $26.0m|
|Chief Operations & Technology Officer||0yrs||no data||0.0080% $24.5m|
|Chief Accounting Officer||4.9yrs||no data||0.0016% $4.9m|
|Head of Corporate & Investment Banking||1.2yrs||no data||no data|
|Chief Administrative Officer||4.6yrs||no data||0.0044% $13.4m|
Experienced Management: 0Q16's management team is considered experienced (4.9 years average tenure).
|Chairman & CEO||10.1yrs||US$22.75m||0.017% $51.7m|
|Lead Independent Director||5.3yrs||US$500.00k||0.0014% $4.3m|
|Independent Director||7.1yrs||US$350.00k||0.00087% $2.7m|
|Independent Director||7.5yrs||US$355.00k||0.00073% $2.2m|
|Independent Director||15.8yrs||US$380.00k||0.000020% $61.4k|
|Independent Director||10.7yrs||US$484.27k||0.0019% $5.9m|
|Independent Director||7.5yrs||US$350.00k||0.00022% $674.9k|
|Independent Director||13.8yrs||US$380.00k||0.000030% $92.0k|
|Independent Director||14.1yrs||US$390.00k||0.0011% $3.3m|
|Independent Director||7.5yrs||US$390.00k||0.0010% $3.1m|
Experienced Board: 0Q16's board of directors are considered experienced (7.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bank of America Corporation's company bio, employee growth, exchange listings and data sources
- Name: Bank of America Corporation
- Ticker: 0Q16
- Exchange: LSE
- Founded: 1874
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: US$306.791b
- Shares outstanding: 8.84b
- Website: https://www.bankofamerica.com
Number of Employees
- Bank of America Corporation
- Bank of America Corporate Center
- 100 North Tryon Street
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BAC||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1969|
|0Q16||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 1969|
|NCB||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1969|
|BAC *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1969|
|NCB||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jan 1969|
|BAC||BVC (Bolsa de Valores de Colombia)||Yes||Common Stock||CO||COP||Jan 1969|
|BAC||SNSE (Santiago Stock Exchange)||Yes||Common Stock||CL||USD||Jan 1969|
|US_BAC_||KAS (Kazakhstan Stock Exchange)||Yes||Common Stock||KZ||KZT||Jan 1969|
|BAC||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jan 1969|
|BAC||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Jan 1969|
|BAC||BVL (Bolsa de Valores de Lima)||Yes||Common Stock||PE||USD||Jan 1969|
|BOAC||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jan 1969|
|BML.PRG||NYSE (New York Stock Exchange)||PFD1/1200 SR1||US||USD||Oct 2004|
|BML.PRH||NYSE (New York Stock Exchange)||PFD 1/1200SER2||US||USD||Mar 2005|
|BML.PRJ||NYSE (New York Stock Exchange)||PFD DP1/1200 4||US||USD||Nov 2005|
|BAC.PRE||NYSE (New York Stock Exchange)||PFD PER1/1000E||US||USD||Oct 2006|
|BML.PRL||NYSE (New York Stock Exchange)||PFD 1/1200SER5||US||USD||Mar 2007|
|BA.C||BASE (Buenos Aires Stock Exchange)||CEDEAR EACH REP 1/2 COM(USD)||AR||ARS||Aug 2007|
|BAC.PRJC||NYSE (New York Stock Exchange)||DP1/1000 7.25% J||US||USD||Nov 2007|
|BAC.PRL||NYSE (New York Stock Exchange)||7.25%CNV PFD L||US||USD||Jan 2008|
|BOAC34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR REPR 1 COM STK||BR||BRL||Jan 2012|
|NCB2||OTCPK (Pink Sheets LLC)||5.2%-FRN SUB PERP USD 'U'||US||USD||May 2013|
|NCB2||DB (Deutsche Boerse AG)||5.2%-FRN SUB PERP USD 'U'||DE||USD||May 2013|
|BAC.PRC||NYSE (New York Stock Exchange)||PFD CUM SER C||US||USD||Jan 2016|
|BAC.PRA||NYSE (New York Stock Exchange)||DEP SHS PFD EE||US||USD||Apr 2016|
|BAC.PRB||NYSE (New York Stock Exchange)||6% DEP RP PFD GG||US||USD||May 2018|
|BAC.PRK||NYSE (New York Stock Exchange)||DEP SHS PFD HH||US||USD||Jul 2018|
|BAC.PRM||NYSE (New York Stock Exchange)||5.375 DEP PFD KK||US||USD||Jun 2019|
|BAC.PRN||NYSE (New York Stock Exchange)||5% DEP RP PFD LL||US||USD||Sep 2019|
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. It operates in Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets segments. The Consumer Banking segment offers traditional and money market savings accounts, CDs 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. As of July 22, 2019, this segment served 66 million consumer and small business clients with approximately 4,300 retail financial centers; 16,600 ATMs; and digital banking. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, and trust and banking needs, including specialty asset management services. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is headquartered in Charlotte, North Carolina.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 21:04|
|End of Day Share Price||2020/02/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.