Bank of America
Market Cap
US$281.6b
Last Updated
2019/10/21 23:33 UTC
Data Sources
Company Financials +
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 established dividend payer.
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
6.5%
BAC
4.1%
US Banks
1.0%
US Market
1 Year Return
13.3%
BAC
7.2%
US Banks
8.0%
US Market
Return vs Industry: BAC exceeded the US Banks industry which returned 7.2% over the past year.
Return vs Market: BAC exceeded the US Market which returned 8% over the past year.
Shareholder returns
| BAC | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.5% | 4.1% | 1.0% |
| 30 Day | 4.8% | 2.8% | -0.07% |
| 90 Day | 2.5% | 2.9% | -1.0% |
| 1 Year | 15.9%13.3% | 10.3%7.2% | 10.4%8.0% |
| 3 Year | 95.4%85.0% | 53.9%43.3% | 46.2%36.7% |
| 5 Year | 102.9%87.0% | 71.9%53.1% | 64.3%46.2% |
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
1 month ago | Simply Wall St
There's A Lot To Like About Bank of America Corporation's (NYSE:BAC) Upcoming 0.7% Dividend3 months ago | Simply Wall St
What Kind Of Investor Owns Most Of Bank of America Corporation (NYSE:BAC)?4 months ago | Simply Wall St
Why Dividend Hunters Love Bank of America Corporation (NYSE:BAC)Valuation
Is Bank of America undervalued compared to its fair value and its price relative to the market?
11.33x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BAC ($31.02) is trading above our estimate of fair value ($28.39)
Significantly Below Fair Value: BAC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BAC is good value based on its PE Ratio (11.3x) compared to the Banks industry average (12.6x).
PE vs Market: BAC is good value based on its PE Ratio (11.3x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
PEG Ratio: BAC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BAC is good value based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
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Future Growth
How is Bank of America forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
-0.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BAC's earnings are forecast to decline over the next 3 years (-0.4% per year).
Earnings vs Market: BAC's earnings are forecast to decline over the next 3 years (-0.4% per year).
High Growth Earnings: BAC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BAC's revenue (0.3% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: BAC's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BAC's Return on Equity is forecast to be low in 3 years time (10.4%).
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Past Performance
How has Bank of America performed over the past 5 years?
24.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BAC's earnings have grown significantly by 24.8% per year over the past 5 years.
Accelerating Growth: BAC's earnings growth over the past year (20.9%) is below its 5-year average (24.8% per year).
Earnings vs Industry: BAC earnings growth over the past year (20.9%) underperformed the Banks industry 30.1%.
Return on Equity
High ROE: BAC's Return on Equity (10.3%) is considered low.
Return on Assets
ROA vs Industry: BAC has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate BAC's Return on Capital Employed to determine if it has improved over the past 3 years.
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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
Inventory Level: BAC has a low level of unsold assets or inventory.
Debt Coverage by Assets: BAC's debt is covered by short term assets (assets are 1.602710x debt).
Financial Institutions Analysis
Asset Level: BAC's level of assets compared to its equity is low.
Allowance for Bad Loans: BAC has a sufficient allowance for bad loans.
Low Risk Liabilities: BAC's liabilities are made up of primarily low risk sources of funding.
Loan Level: BAC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BAC's loans are broadly funded by customer deposits.
Level of Bad Loans: BAC has an appropriate level of bad loans (0.38%)
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Dividend
What is Bank of America's current dividend yield, its reliability and sustainability?
2.32%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: BAC's dividend (2.32%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: BAC's dividend (2.32%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: BAC's dividends per share have been stable in the past 10 years.
Growing Dividend: BAC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23%), BAC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BAC's dividends in 3 years are forecast to be well covered by earnings (32% payout ratio).
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Management
What is the CEO of Bank of America's salary, the management and board of directors tenure and is there insider trading?
4.6yrs
Average management tenure
CEO
Brian Moynihan (60yo)
9.8yrs
Tenure
US$22,754,510
Compensation
Mr. Brian T. Moynihan has been the Chief Executive Officer and Director of Bank of America Corporation since January 01, 2010 and has been its Chairman since October 01, 2014. Mr. Moynihan had been the Pre ...
CEO Compensation Analysis
Compensation vs. Market: Brian's total compensation ($USD22.75M) is about average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.6yrs
Average Tenure
59yo
Average Age
Experienced Management: BAC's management team is considered experienced (4.6 years average tenure).
Board Age and Tenure
7.2yrs
Average Tenure
70yo
Average Age
Experienced Board: BAC's board of directors are considered experienced (7.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 40,000 |
| Max Price | US$30.23 |
| Entity | Individual |
| Role | Senior Key Executive President of Consumer & Small Business |
| Shares | 129,615 |
| Max Price | US$29.78 |
Ownership Breakdown
Management Team
Brian Moynihan (60yo)
Chairman & CEO
- Tenure: 9.8yrs
- Compensation: US$22.75m
Tom Montag (62yo)
COO & President of Global Banking and Markets
- Tenure: 8.1yrs
- Compensation: US$18.79m
Paul Donofrio (59yo)
Chief Financial Officer
- Tenure: 4.2yrs
- Compensation: US$11.93m
Rudolf Bless
Chief Accounting Officer
- Tenure: 4.6yrs
Cathy Bessant (59yo)
Chief Operations & Technology Officer
- Tenure: 0yrs
Thong Nguyen (60yo)
Vice Chairman
- Tenure: 13.9yrs
- Compensation: US$10.15m
Dean Athanasia (52yo)
President of Consumer & Small Business
- Tenure: 1.8yrs
- Compensation: US$10.15m
Andrea Smith (51yo)
Chief Administrative Officer
- Tenure: 4.3yrs
Geoffrey Greener (54yo)
Chief Risk Officer
- Tenure: 5.5yrs
- Compensation: US$11.66m
Lee McEntire
Senior Vice President of Investor Relations
- Tenure: 3.8yrs
Board Members
Jack Bovender (74yo)
Lead Independent Director
- Tenure: 5yrs
- Compensation: US$500.00k
Arnold Donald (64yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$350.00k
R. Yost (71yo)
Independent Director
- Tenure: 7.2yrs
- Compensation: US$355.00k
Brian Moynihan (60yo)
Chairman & CEO
- Tenure: 9.8yrs
- Compensation: US$22.75m
Tom May (72yo)
Independent Director
- Tenure: 15.5yrs
- Compensation: US$380.00k
Susan Bies (72yo)
Independent Director
- Tenure: 10.3yrs
- Compensation: US$484.27k
Linda Hudson (69yo)
Independent Director
- Tenure: 7.2yrs
- Compensation: US$350.00k
Monica Lozano (62yo)
Independent Director
- Tenure: 13.5yrs
- Compensation: US$380.00k
Frank Bramble (71yo)
Independent Director
- Tenure: 13.8yrs
- Compensation: US$390.00k
Sharon Allen (67yo)
Independent Director
- Tenure: 7.2yrs
- 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
- Exchange: NYSE
- Founded: 1874
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: US$281.639b
- Shares outstanding: 9.08b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BAC | SNSE (Santiago Stock Exchange) | Yes | Common Stock | CL | USD | Jan 1969 |
| BAC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | 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 |
| BOAC | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1969 |
| BAC | BVL (Bolsa de Valores de Lima) | Yes | Common Stock | PE | USD | Jan 1969 |
| BAC | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jan 1969 |
| NCB | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1969 |
| US_BAC_ | KAS (Kazakhstan Stock Exchange) | Yes | Common Stock | KZ | KZT | Jan 1969 |
| 0Q16 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1969 |
| BAC | BVC (Bolsa de Valores de Colombia) | Yes | Common Stock | CO | COP | 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 | |
| NCB5 | DB (Deutsche Boerse AG) | 5.125%-FRN SUB PERP USD | DE | USD | Jun 2014 | |
| BAC.PRY | NYSE (New York Stock Exchange) | DEP 1/1000 PFD | US | USD | Jan 2015 | |
| 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 NCUM PFD SR GG | US | USD | May 2018 | |
| BAC.PRK | NYSE (New York Stock Exchange) | 5.875 NCM 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 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 23:33 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.