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Bank of America NYSE:BAC Stock Report

Last Price


Market Cap







16 May, 2022


Company Financials +
BAC fundamental analysis
Snowflake Score
Future Growth1/6
Past Performance4/6
Financial Health6/6

BAC Stock Overview

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.

Bank of America Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bank of America
Historical stock prices
Current Share PriceUS$34.81
52 Week HighUS$50.11
52 Week LowUS$34.26
1 Month Change-7.35%
3 Month Change-27.16%
1 Year Change-18.55%
3 Year Change22.57%
5 Year Change51.09%
Change since IPO198.64%

Recent News & Updates

Shareholder Returns

BACUS BanksUS Market

Return vs Industry: BAC exceeded the US Banks industry which returned -19.6% over the past year.

Return vs Market: BAC underperformed the US Market which returned -10.4% over the past year.

Price Volatility

Is BAC's price volatile compared to industry and market?
BAC volatility
BAC Average Weekly Movement5.0%
Banks Industry Average Movement3.9%
Market Average Movement7.8%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: BAC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BAC's weekly volatility (5%) has been stable over the past year.

About the Company

1784208,000Brian Moynihan

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.

Bank of America Fundamentals Summary

How do Bank of America's earnings and revenue compare to its market cap?
BAC fundamental statistics
Market CapUS$283.36b
Earnings (TTM)US$29.60b
Revenue (TTM)US$92.22b


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BAC income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$92.22b
Other ExpensesUS$62.63b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 18, 2022

Earnings per share (EPS)3.67
Gross Margin100.00%
Net Profit Margin32.09%
Debt/Equity Ratio215.4%

How did BAC perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does BAC pay a reliable dividends?

See BAC dividend history and benchmarks
When do you need to buy BAC by to receive an upcoming dividend?
Bank of America dividend dates
Ex Dividend DateJun 02 2022
Dividend Pay DateJun 24 2022
Days until Ex dividend16 days
Days until Dividend pay date38 days

Does BAC pay a reliable dividends?

See BAC dividend history and benchmarks


Is Bank of America undervalued compared to its fair value and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BAC ($34.81) is trading below our estimate of fair value ($68.12)

Significantly Below Fair Value: BAC is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: BAC is good value based on its PE Ratio (9.5x) compared to the US Banks industry average (9.7x).

PE vs Market: BAC is good value based on its PE Ratio (9.5x) compared to the US market (15.5x).

Price to Earnings Growth Ratio

PEG Ratio: BAC is poor value based on its PEG Ratio (1.2x)

Price to Book Ratio

PB vs Industry: BAC's PB Ratio (1.2x) is in line with the US Banks industry average.

Future Growth

How is Bank of America forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

Future Growth Score


Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAC's forecast earnings growth (7.7% per year) is above the savings rate (1.9%).

Earnings vs Market: BAC's earnings (7.7% per year) are forecast to grow slower than the US market (12.6% per year).

High Growth Earnings: BAC's earnings are forecast to grow, but not significantly.

Revenue vs Market: BAC's revenue (6.3% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: BAC's revenue (6.3% 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 (12.2%).

Past Performance

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

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BAC has a high level of non-cash earnings.

Growing Profit Margin: BAC's current net profit margins (32.1%) are higher than last year (25.3%).

Past Earnings Growth Analysis

Earnings Trend: BAC's earnings have grown by 7.4% per year over the past 5 years.

Accelerating Growth: BAC's earnings growth over the past year (44.4%) exceeds its 5-year average (7.4% per year).

Earnings vs Industry: BAC earnings growth over the past year (44.4%) exceeded the Banks industry 20.9%.

Return on Equity

High ROE: BAC's Return on Equity (11.6%) is considered low.

Financial Health

How is Bank of America's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score


Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: BAC's Assets to Equity ratio (12.1x) is moderate.

Allowance for Bad Loans: BAC has a sufficient allowance for bad loans (243%).

Low Risk Liabilities: 70% 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 (30%).

Low Risk Deposits: BAC's Loans to Deposits ratio (47%) is appropriate.

Level of Bad Loans: BAC has an appropriate level of bad loans (0.5%).


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

Dividend Score


Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Upcoming Dividend Payment

TodayMay 17 2022Ex Dividend DateJun 02 2022Dividend Pay DateJun 24 202222 days from Ex DividendBuy in the next 16 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BAC's dividend (2.41%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: BAC's dividend (2.41%) is low compared to the top 25% of dividend payers in the US market (4.05%).

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

Earnings Coverage: With its low payout ratio (22.9%), 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 (26.6% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Brian Moynihan (62 yo)





Mr. Brian Thomas Moynihan has been 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 President and Pr...

CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD23.73M) is above average for companies of similar size in the US market ($USD13.26M).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: BAC's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.

Board Members

Experienced Board: BAC's board of directors are considered experienced (9.5 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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Bank of America Corporation's 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
  • Implied Market Cap: US$283.361b
  • Shares outstanding: 8.06b
  • Website:

Number of Employees


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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Annual Earnings2021/12/31

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.