Home » Stocks » Bank of America

Bank of America Corporation (BAC)

Stock Price: $24.17 1.51 (6.64%)
Updated May 26, 2020 3:54 PM EDT - Market open

Stock Price Chart

Stock Quote

Trading Day May 26, 2020
Last Price $24.17
Change ($) 1.51
Change (%) 6.64%
Previous Close 22.66
Day's Open 23.80 (5.03%)
Day's Range 23.67 - 24.60
Day's Volume 96,737,024
52-Week Range 17.95 - 35.72

Key Info

Market Cap 209.65B
Revenue (ttm) 81.60B
Net Income (ttm) 24.13B
Shares Out 8.68B
EPS (ttm) 2.46
PE Ratio 9.82
Forward PE 15.08
Dividend $0.72
Dividend Yield 2.98%

Key Stats and Metrics

Market Cap 209.65B
Enterprise Value 101.88B
Earnings Date (est) Jul 16, 2020
Ex-Dividend Date Mar 5, 2020
Shares Outstanding 8.68B
Float 8.65B
EPS (basic) 2.47
EPS (diluted) 2.46
FCF / Share 7.46
Dividend $0.72
Dividend Yield 2.98%
Earnings Yield 10.18%
FCF Yield 31.35%
Payout Ratio 27.90%
Shares Short 111.07M
Short Ratio 1.41
Short % of Float 1.44%
Beta 1.61
PE Ratio 9.82
Forward PE 15.08
P/FCF Ratio 3.19
PS Ratio 2.57
PB Ratio 0.81
Revenue 81.60B
Operating Income 35.86B
Net Income 24.13B
Free Cash Flow 65.72B
Net Cash 107.77B
Net Cash / Share 12.42
Gross Margin 104.88%
Operating Margin 43.94%
Profit Margin 24.90%
FCF Margin 80.54%
ROA 0.97%
ROE 9.07%
ROIC 1.20%
Stats based on trailing-twelve-month (ttm) numbers.

Stock Analysis Summary

Analyst Ratings (26)

Buy 14
Overweight 2
Hold 10
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$27.24*
(12.73% upside)
Low
21.0
Current: 24.165
High
37.0
Target: 27.24
*Average 12-month price target from 24 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue91,24491,02087,12683,70182,96585,89488,94283,33493,454110,220
Revenue Growth0.25%4.47%4.09%0.89%-3.41%-3.43%6.73%-10.83%-15.21%-
Gross Profit91,24491,02087,12683,70182,96585,89488,94283,33493,454110,220
Operating Income36,34437,86632,60928,61825,34810,23819,72811,24113,18027,112
Net Income27,43028,14718,23217,82215,9105,52011,4314,1881,446-2,238
Shares Outstanding9,39110,09710,19610,28410,46210,52810,73110,74610,1439,790
Earnings Per Share2.752.611.561.491.310.420.900.250.01-0.37
EPS Growth5.36%67.31%4.7%13.74%211.9%-53.33%260%2400%--
Dividend Per Share0.660.540.390.250.200.120.040.040.040.04
Dividend Growth22.22%38.46%56%25%66.67%200%0%0%0%-
Operating Cash Flow61,77739,5209,86417,27728,39730,79592,817-16,05664,44882,541
Capital Expenditures-------5.00-1,307-987
Free Cash Flow61,77739,5209,86417,27728,39730,79592,817-16,05163,14181,554
Cash & Equivalents443,264446,029381,334355,823359,579337,922333,190349,370357,289344,476
Total Debt430,169436,569436,933411,058439,153475,588493,779599,575622,827753,752
Net Cash / Debt13,0959,460-55,599-55,235-79,574-137,666-160,589-250,205-265,538-409,276
Assets2,434,0792,354,5072,281,2342,188,0672,144,2872,104,5342,102,2732,209,9742,129,0462,264,909
Liabilities2,169,2692,089,1822,014,0881,921,8721,888,1111,861,0631,869,5881,973,0181,898,9452,036,661
Book Value264,810265,325267,146266,195256,176243,471232,685236,956230,101228,248
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Bank of America Corporation
Country United States
Employees 209,000
CEO Brian T. Moynihan

Stock Information

Ticker Symbol BAC
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Banks—Diversified
Unique Identifier NYSE: BAC
IPO Date May 29, 1986

Description

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. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions, as well as customized solutions, 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, fixed-income, and mortgage-related products. As of May 7, 2020, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 16,900 ATMs; and digital banking platforms with approximately 39 million active users. Bank of America Corporation was founded in 1784 and is headquartered in Charlotte, North Carolina.