NYSE:BAC.PRM

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

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


Market Performance


7 Day Return

1.3%

NYSE:BAC.PRM

-1.8%

US Banks

0.2%

US Market


1 Year Return

n/a

NYSE:BAC.PRM

-15.3%

US Banks

-0.7%

US Market

No trading data on BAC.PRM.

No trading data on BAC.PRM.


Share holder returns

BAC.PRMIndustryMarket
7 Day1.3%-1.8%0.2%
30 Day3.5%-6.4%-2.7%
90 Dayn/a-4.0%1.6%
1 Yearn/a-12.9%-15.3%1.6%-0.7%
3 Yearn/a41.3%31.7%40.0%30.9%
5 Yearn/a50.8%34.5%53.8%36.8%

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

Valuation

Is Bank of America undervalued based on future cash flows and its price relative to the stock market?

17%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Bank of America's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Bank of America's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Bank of America is good value based on earnings compared to the US Banks industry average.

Bank of America is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Bank of America earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Bank of America is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Bank of America expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

-1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bank of America's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).

Bank of America's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Bank of America's revenue growth is positive but not above the United States of America market average.

Bank of America's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Bank of America's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Bank of America is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Bank of America performed over the past 5 years?

26.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bank of America has delivered over 20% year on year earnings growth in the past 5 years.

Bank of America's 1-year earnings growth exceeds its 5-year average (38.6% vs 26.1%)

Bank of America's earnings growth has exceeded the US Banks industry average in the past year (38.6% vs 33.2%).


Return on Equity

Bank of America has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bank of America used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Bank of America improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Bank of America has an acceptable proportion of non-loan assets held.

Bank of America has a sufficient allowance for bad loans.

Bank of America's liabilities are made up of primarily low risk sources of funding.

Bank of America's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Bank of America are broadly funded by customer deposits.

Bank of America has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Bank of America's current dividend yield, its reliability and sustainability?

2.85%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Bank of America's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Bank of America's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).


Next Steps

Management

What is the CEO of Bank of America's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Brian Moynihan (60yo)

9.6yrs

Tenure

US$22,754,510

Compensation

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

Brian's remuneration is higher than average for companies of similar size in United States of America.

Brian's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.1yrs

Average Tenure

58.5yo

Average Age

The tenure for the Bank of America management team is about average.


Board Age and Tenure

7.0yrs

Average Tenure

70yo

Average Age

The tenure for the Bank of America board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Brian Moynihan (60yo)

    Chairman & CEO

    • Tenure: 9.6yrs
    • Compensation: US$22.75m
  • Paul Donofrio (59yo)

    Chief Financial Officer

    • Tenure: 4.0yrs
    • Compensation: US$11.93m
  • Rudolf Bless

    Chief Accounting Officer

    • Tenure: 4.4yrs
  • David Leitch (58yo)

    Global General Counsel

    • Tenure: 3.6yrs
  • Cathy Bessant (59yo)

    Chief Operations & Technology Officer

    • Tenure: 0.0yrs
  • Thong Nguyen (60yo)

    Vice Chairman

    • Tenure: 13.8yrs
    • Compensation: US$10.15m
  • Dean Athanasia (52yo)

    President of Consumer & Small Business

    • Tenure: 1.6yrs
    • Compensation: US$10.15m
  • Andrea Smith (51yo)

    Chief Administrative Officer

    • Tenure: 4.1yrs
  • Geoffrey Greener (54yo)

    Chief Risk Officer

    • Tenure: 5.3yrs
    • Compensation: US$11.66m
  • Lee McEntire

    Senior Vice President of Investor Relations

    • Tenure: 3.6yrs

Board Members

  • Jack Bovender (74yo)

    Lead Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$500.00k
  • Arnold Donald (64yo)

    Director

    • Tenure: 6.6yrs
    • Compensation: US$350.00k
  • R. Yost (71yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: US$355.00k
  • Brian Moynihan (60yo)

    Chairman & CEO

    • Tenure: 9.6yrs
    • Compensation: US$22.75m
  • Tom May (72yo)

    Director

    • Tenure: 15.3yrs
    • Compensation: US$380.00k
  • Susan Bies (72yo)

    Director

    • Tenure: 10.2yrs
    • Compensation: US$484.27k
  • Linda Hudson (69yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: US$350.00k
  • Monica Lozano (62yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$380.00k
  • Frank Bramble (71yo)

    Director

    • Tenure: 13.6yrs
    • Compensation: US$390.00k
  • Sharon Allen (67yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: US$390.00k

Company Information

Bank of America Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of America Corporation
  • Ticker: BAC.PRM
  • Exchange: NYSE
  • Founded: 1874
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: US$250.673b
  • Shares outstanding: 9.31b
  • Website: https://www.bankofamerica.com

Number of Employees


Location

  • Bank of America Corporation
  • Bank of America Corporate Center
  • 100 North Tryon Street
  • Charlotte
  • North Carolina
  • 28255
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BACBVC (Bolsa de Valores de Colombia)YesCommon StockCOCOPJan 1969
BACNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1969
NCBDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969
BAC *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1969
BOACWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1969
BACBVL (Bolsa de Valores de Lima)YesCommon StockPEUSDJan 1969
BACETLX (Eurotlx)YesCommon StockITEURJan 1969
NCBXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1969
BACSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1969
US_BAC_KAS (Kazakhstan Stock Exchange)YesCommon StockKZKZTJan 1969
BACSNSE (Santiago Stock Exchange)YesCommon StockCLUSDJan 1969
0Q16LSE (London Stock Exchange)YesCommon StockGBCHFJan 1969
BML.PRGNYSE (New York Stock Exchange)PFD1/1200 SR1USUSDOct 2004
BML.PRHNYSE (New York Stock Exchange)PFD 1/1200SER2USUSDMar 2005
BML.PRJNYSE (New York Stock Exchange)PFD DP1/1200 4USUSDNov 2005
BML.PRJNYSE (New York Stock Exchange)PFD DP1/1200 4USUSDNov 2005
BAC.PRENYSE (New York Stock Exchange)PFD PER1/1000EUSUSDOct 2006
BML.PRLNYSE (New York Stock Exchange)PFD 1/1200SER5USUSDMar 2007
BA.CBASE (Buenos Aires Stock Exchange)CEDEAR EACH REP 1/2 COM USD0.01ARARSAug 2007
BAC.PRJCNYSE (New York Stock Exchange)DP1/1000 7.25% JUSUSDNov 2007
BAC.PRLNYSE (New York Stock Exchange)7.25%CNV PFD LUSUSDJan 2008
BOAC34BOVESPA (Bolsa de Valores de Sao Paulo)BDR REPR 1 COM STKBRBRLJan 2012
NCB2OTCPK (Pink Sheets LLC)5.2%-FRN SUB PERP USD 'U'USUSDMay 2013
NCB2DB (Deutsche Boerse AG)5.2%-FRN SUB PERP USD 'U'DEUSDMay 2013
NCB5DB (Deutsche Boerse AG)5.125%-FRN SUB PERP USDDEUSDJun 2014
BAC.PRYNYSE (New York Stock Exchange)DEP 1/1000 PFDUSUSDJan 2015
BAC.PRCNYSE (New York Stock Exchange)PFD CUM SER CUSUSDJan 2016
BAC.PRANYSE (New York Stock Exchange)DEP SHS PFD EEUSUSDApr 2016
BAC.PRBNYSE (New York Stock Exchange)6 NCUM PFD SR GGUSUSDMay 2018
BAC.PRKNYSE (New York Stock Exchange)5.875 NCM PFD HHUSUSDJul 2018
BAC.PRMNYSE (New York Stock Exchange)5.375 DEP PFD KKUSUSDJun 2019

Biography

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 cor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 00:59
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.