Bank of America
Market Cap
US$283.5b
Last Updated
2021/01/19 23:27 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. More Details
Rewards
Risk Analysis
No risks detected for BAC from our risk checks.
Snowflake Analysis
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
Stable Share Price: BAC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: BAC's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-2.6%
BAC
-0.4%
US Banks
-0.4%
US Market
1 Year Return
-4.3%
BAC
-7.3%
US Banks
19.5%
US Market
Return vs Industry: BAC exceeded the US Banks industry which returned -7.3% over the past year.
Return vs Market: BAC underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| BAC | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | -0.4% | -0.4% |
| 30 Day | 14.3% | 13.4% | 2.3% |
| 90 Day | 36.3% | 38.1% | 12.7% |
| 1 Year | -1.8%-4.3% | -3.8%-7.3% | 22.3%19.5% |
| 3 Year | 9.8%2.7% | 0.9%-7.7% | 44.4%34.8% |
| 5 Year | 171.7%146.2% | 93.5%69.0% | 128.7%103.3% |
Long-Term 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
3 weeks ago | Simply Wall St
What Kind Of Shareholders Own Bank of America Corporation (NYSE:BAC)?1 month ago | Simply Wall St
Bank of America Corporation (NYSE:BAC) Passed Our Checks, And It's About To Pay A US$0.18 Dividend2 months ago | Simply Wall St
How Much Did Bank of America's (NYSE:BAC) CEO Pocket Last Year?Valuation
Is Bank of America undervalued compared to its fair value and its price relative to the market?
17.41x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BAC ($32.77) is trading above our estimate of fair value ($27.11)
Significantly Below Fair Value: BAC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BAC is poor value based on its PE Ratio (17.4x) compared to the US Banks industry average (12.3x).
PE vs Market: BAC is good value based on its PE Ratio (17.4x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: BAC is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: BAC is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is Bank of America forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
9.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BAC's forecast earnings growth (9.9% per year) is above the savings rate (2%).
Earnings vs Market: BAC's earnings (9.9% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: BAC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BAC's revenue (9.3% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: BAC's revenue (9.3% 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 (7.5%).
Next Steps
Past Performance
How has Bank of America performed over the past 5 years?
8.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BAC has high quality earnings.
Growing Profit Margin: BAC's current net profit margins (22.2%) are lower than last year (30.4%).
Past Earnings Growth Analysis
Earnings Trend: BAC's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: BAC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BAC had negative earnings growth (-36.5%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).
Return on Equity
High ROE: BAC's Return on Equity (6.6%) is considered low.
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
Financial Institutions Analysis
Asset Level: BAC's Assets to Equity ratio (10.3x) is moderate.
Allowance for Bad Loans: BAC has a sufficient allowance for bad loans (353%).
Low Risk Liabilities: 71% of BAC's liabilities are made up of primarily low risk sources of funding.
Loan Level: BAC has an appropriate level of Loans to Assets ratio (32%).
Low Risk Deposits: BAC's Loans to Deposits ratio (51%) is appropriate.
Level of Bad Loans: BAC has an appropriate level of bad loans (0.6%).
Next Steps
Dividend
What is Bank of America current dividend yield, its reliability and sustainability?
2.20%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BAC's dividend (2.2%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: BAC's dividend (2.2%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
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 reasonably low payout ratio (38.3%), 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 (29.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Brian Moynihan (61 yo)
11yrs
Tenure
US$26,039,213
Compensation
Mr. Brian T. Moynihan has been President, Chief Executive Officer and Director of Bank of America Corporation since January 01, 2010 and has been its Chairman since October 01, 2014. He served as the Presi...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD26.04M) is above average for companies of similar size in the US market ($USD10.55M).
Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 11yrs | US$26.04m | 0.020% $ 56.4m | |
| Chief Financial Officer | 5.42yrs | US$12.60m | 0.0085% $ 24.1m | |
| COO & President of Global Banking and Markets | 9.33yrs | US$19.49m | 0.036% $ 102.3m | |
| President of Consumer & Small Business | 3yrs | US$11.75m | 0.0025% $ 7.1m | |
| Chief Risk Officer | 6.75yrs | US$12.43m | 0.010% $ 28.5m | |
| Chief Operations & Technology Officer | no data | no data | 0.0092% $ 26.0m | |
| Chief Accounting Officer | 5.83yrs | no data | 0.0022% $ 6.3m | |
| President of Global Corporate & Investment Banking | 2.08yrs | no data | no data | |
| Chief Administrative Officer | 5.42yrs | no data | 0.0055% $ 15.6m | |
| Senior Vice President of Investor Relations | 5yrs | no data | no data | |
| Global General Counsel | 5yrs | no data | 0.0012% $ 3.3m | |
| Chief Marketing Officer | 3.67yrs | no data | no data |
5.4yrs
Average Tenure
59.5yo
Average Age
Experienced Management: BAC's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 11yrs | US$26.04m | 0.020% $ 56.4m | |
| Lead Independent Director | 6.25yrs | US$503.00k | 0.0016% $ 4.6m | |
| Independent Director | 8yrs | US$350.00k | 0.0010% $ 2.9m | |
| Independent Director | 8.42yrs | US$350.00k | 0.00074% $ 2.1m | |
| Independent Director | 8yrs | US$384.70k | 0.000050% $ 141.7k | |
| Independent Director | 16.75yrs | US$380.00k | 0.000020% $ 56.7k | |
| Independent Director | 11.58yrs | US$491.53k | 0.0021% $ 5.9m | |
| Independent Director | 8.42yrs | US$350.00k | 0.00023% $ 652.0k | |
| Independent Director | 14.75yrs | US$398.00k | 0.000030% $ 85.0k | |
| Independent Director | 15yrs | US$390.00k | 0.0011% $ 3.1m | |
| Independent Director | 2.25yrs | US$368.90k | 0.00029% $ 822.1k | |
| Independent Director | 8.42yrs | US$400.00k | 0.0012% $ 3.3m |
8.4yrs
Average Tenure
69yo
Average Age
Experienced Board: BAC's board of directors are considered experienced (8.4 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: 1784
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: US$283.487b
- Shares outstanding: 8.65b
- 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 | 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 | |
| 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 USD0.01 | 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 EACH 4 REP 1 COM | BR | BRL | Jan 2012 | |
| NCB2 | DB (Deutsche Boerse AG) | PERP SUB GLBL -U | DE | USD | May 2013 | |
| NCBE | DB (Deutsche Boerse AG) | ALT TIER I PERP | DE | USD | Sep 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 DP PFD KK | US | USD | Jun 2019 | |
| BAC.PRN | NYSE (New York Stock Exchange) | 5% NCUM PFD LL | US | USD | Sep 2019 | |
| A28ST4 | DB (Deutsche Boerse AG) | ALT TIER I PERP | DE | USD | Jan 2020 | |
| BAC.PRO | NYSE (New York Stock Exchange) | DP SH NCUM NN | US | USD | Oct 2020 |
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 | 2021/01/19 23:27 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.