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Bank of America Corp

Financial Services US BAC

43.88USD
-0.46(1.04%)

Last update at 2024-12-30T16:53:00Z

Day Range

43.5544.02
LowHigh

52 Week Range

29.8647.81
LowHigh

Fundamentals

  • Previous Close 44.34
  • Market Cap352261.93M
  • Volume4851178
  • P/E Ratio16.63
  • Dividend Yield2.22%
  • Revenue TTM94626.00M
  • Revenue Per Share TTM11.95
  • Gross Profit TTM 92407.00M
  • Diluted EPS TTM2.76

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 30969.00M 33976.00M 18995.00M 32754.00M 34584.00M
Minority interest - - - - -
Net income 27528.00M 31978.00M 17894.00M 27430.00M 28147.00M
Selling general administrative 40468.00M 39229.00M 36022.00M 37373.00M 35989.00M
Selling and marketing expenses 5478.00M 5820.00M 5134.00M 4696.00M 4531.00M
Gross profit 94950.00M 89113.00M 85528.00M 91244.00M 91247.00M
Reconciled depreciation 1978.00M 1898.00M 1843.00M 1729.00M 2063.00M
Ebit 51072.00M 33976.00M 18995.00M 32754.00M 53921.00M
Ebitda 53050.00M 35874.00M 20838.00M 34483.00M 55984.00M
Depreciation and amortization 1978.00M 1898.00M 1843.00M 1729.00M 2063.00M
Non operating income net other - - - - -
Operating income 51072.00M 33976.00M 18995.00M 32754.00M 53921.00M
Other operating expenses 73626.00M -55137.00000M -66533.00000M -58490.00000M 37326.00M
Interest expense 20103.00M 4738.00M 8225.00M 22345.00M 18607.00M
Tax provision 3441.00M 1998.00M 1101.00M 5324.00M 6437.00M
Interest income 72565.00M 47672.00M 51585.00M 71236.00M 66769.00M
Net interest income 52462.00M 42934.00M 43360.00M 48891.00M 47432.00M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 3441.00M 1998.00M 1101.00M 5324.00M 6437.00M
Total revenue 94950.00M 89113.00M 85528.00M 91244.00M 91020.00M
Total operating expenses -43878.00000M -55137.00000M -66533.00000M -58490.00000M -37326.00000M
Cost of revenue - - - - -227.00000M
Total other income expense net -20103.00000M -4738.00000M -8225.00000M -22345.00000M -19337.00000M
Discontinued operations - - - - -
Net income from continuing ops 27528.00M 31978.00M 17894.00M 27430.00M 28147.00M
Net income applicable to common shares 26015.00M 30557.00M 16473.00M 25998.00M 26696.00M
Preferred stock and other adjustments 1513.00M 1421.00M 1421.00M 1432.00M 1451.00M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 3180151.00M 3050706.00M 3169948.00M 2819627.00M 2434079.00M
Intangible assets 400.00M 2100.00M 2200.00M 1600.00M 1700.00M
Earning assets - - 1611266.00M 1314951.00M 1089307.00M
Other current assets 981381.00M 133776.00M 1221804.00M 1244825.00M 1253526.00M
Total liab 2888505.00M 2777509.00M 2899882.00M 2546703.00M 2169269.00M
Total stockholder equity 291646.00M 273197.00M 270066.00M 272924.00M 264810.00M
Deferred long term liab - - - - -
Other current liab 825401.00M -26932.00000M -23753.00000M -19321.00000M -24204.00000M
Common stock 56365.00M 58953.00M 62398.00M 85982.00M 91723.00M
Capital stock 84762.00M 87350.00M 87106.00M 110492.00M 115124.00M
Retained earnings 224672.00M 207003.00M 188064.00M 164088.00M 156319.00M
Other liab - 5617.00M 6698.00M 11117.00M 5250.00M
Good will 69021.00M 69022.00M 69022.00M 68951.00M 68951.00M
Other assets 319565.00M 1272532.00M 1118370.00M 1153315.00M 1162580.00M
Cash 327473.00M 237462.00M 355365.00M 387009.00M 168667.00M
Cash and equivalents - - - - -
Total current liabilities 857499.00M 26932.00M 23753.00M 19321.00M 24204.00M
Current deferred revenue - - - - -
Net debt -7117.00000M 65452.00M -51495.00000M -104754.00000M 96393.00M
Short term debt 32098.00M 26932.00M 23753.00M 19321.00M 24204.00M
Short long term debt 32098.00M 26932.00M 23753.00M 19321.00M 24204.00M
Short long term debt total 334302.00M 302914.00M 303870.00M 282255.00M 265060.00M
Other stockholder equity - -21156.00000M -5104.00000M 24510.00M 23401.00M
Property plant equipment - 11510.00M 10833.00M 11000.00M 10561.00M
Total current assets 36238.00M 539271.00M 742016.00M 702657.00M 489964.00M
Long term investments 1017946.00M 1158371.00M 1229707.00M 255276.00M 1469209.00M
Net tangible assets - 204175.00M 176336.00M 203973.00M 195859.00M
Short term investments 266649.00M 220788.00M 299178.00M 234491.00M 245639.00M
Net receivables 96697.00M 81021.00M 87473.00M 81157.00M 75658.00M
Long term debt 302204.00M 275982.00M 280117.00M 379780.00M 362355.00M
Inventory -68805.00000M 170.00M 130.00M 164.00M 285.00M
Accounts payable - 224073.00M 2064446.00M 181799.00M 182798.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -17788.00000M -21156.00000M -5104.00000M -1656.00000M -6633.00000M
Additional paid in capital - - - - -
Common stock total equity - 58953.00M 62398.00M 85982.00M 91723.00M
Preferred stock total equity - - - - -
Retained earnings total equity - 207003.00M 188064.00M 164088.00M 156319.00M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 1725526.00M -1238903.00000M -1309562.00000M -963655.00000M -781535.00000M
Deferred long term asset charges - - - - -
Non current assets total 2824348.00M 1238903.00M 1309562.00M 963655.00M 781535.00M
Capital lease obligations - - - - -
Long term debt total - 275982.00M 280117.00M 379780.00M 362355.00M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -107997.00000M -468830.00000M -265821.00000M -157157.00000M -151654.00000M
Change to liabilities 23029.00M 16639.00M -4385.00000M 16363.00M 13010.00M
Total cashflows from investing activities -2529.00000M -313291.00000M -177665.00000M -80630.00000M -71468.00000M
Net borrowings 38340.00M 56287.00M 9386.00M -20253.00000M 8824.00M
Total cash from financing activities -106039.00000M 291650.00M 355819.00M 3377.00M 53118.00M
Change to operating activities -51944.00000M -39920.00000M -326.00000M 13170.00M 1257.00M
Net income 27528.00M 31978.00M 17894.00M 27430.00M 28147.00M
Change in cash -118018.00000M -32242.00000M 218903.00M -15844.00000M 19970.00M
Begin period cash flow 348221.00M 380463.00M 161560.00M 177404.00M 157434.00M
End period cash flow 230203.00M 348221.00M 380463.00M 161560.00M 177404.00M
Total cash from operating activities -6327.00000M -7193.00000M 37993.00M 61777.00M 39520.00M
Issuance of capital stock 4426.00M 2169.00M 2181.00M 3643.00M 4515.00M
Depreciation 1978.00M 1898.00M 1843.00M 1729.00M 2063.00M
Other cashflows from investing activities 105468.00M 155539.00M 88156.00M 76527.00M 80186.00M
Dividends paid -8576.00000M -8055.00000M -7727.00000M -5934.00000M 6895.00M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock -5727.00000M -27097.00000M -8097.00000M -30712.00000M -24606.00000M
Other cashflows from financing activities -57681.00000M -620.00000M -601.00000M -698.00000M -651.00000M
Change to netincome -21261.00000M -41705.00000M -19363.00000M -18803.00000M -20019.00000M
Capital expenditures 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Change receivables - - - - -
Cash flows other operating -39673.00000M -21840.00000M 37903.00M 32992.00M 16020.00M
Exchange rate changes - - - - -1200.00000M
Cash and cash equivalents changes -114895.00000M -28834.00000M 216147.00M -15476.00000M 19970.00M
Change in working capital -51944.00000M -39920.00000M -326.00000M 13170.00M 1257.00M
Stock based compensation 2862.00M 2768.00M 2031.00M 1974.00M 1729.00M
Other non cash items 12510.00M -3079.00000M 18288.00M 15039.00M 3283.00M
Free cash flow -6327.00000M -7193.00000M 37993.00M 61777.00M 39520.00M

Peer Comparison

Sector: Financial Services Industry: Banks - Diversified

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
BAC
Bank of America Corp
-0.46 1.04% 43.88 16.63 12.74 3.72 1.32 7.30
JPM
JPMorgan Chase & Co
-1.93 0.80% 239.24 9.99 10.83 3.38 1.66
IDCBF
Industrial and Commercial Bank of China
- -% 0.65 3.36 3.16 0.30 0.34
IDCBY
Industrial Commercial Bank of China
0.02 0.15% 13.28 3.41 3.16 0.31 0.34
CICHY
China Construction Bank Corp
-0.08 0.48% 16.54 4.58 4.22 0.34 0.44 4.69

Reports Covered

Stock Research & News

Profile

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 four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.

Bank of America Corp

Bank of America Corporate Center, Charlotte, NC, United States, 28255

Key Executives

Name Title Year Born
Mr. Brian Thomas Moynihan Chairman & CEO 1959
Mr. Alastair M. Borthwick Chief Financial Officer 1969
Mr. Matthew M. Koder Exec. Officer & Pres of Global Corp. and Investment Banking 1972
Mr. Paul M. Donofrio Vice Chairman 1960
Mr. James P. DeMare Exec. Officer & Pres of Global Markets 1970
Mr. Thomas M. Scrivener Chief Operations Exec. 1972
Mr. Christopher M. Hyzy Chief Investment Officer NA
Mr. Rudolf A. Bless Chief Accounting Officer NA
Mr. Aditya Bhasin Chief Technology & Information Officer 1974
Mr. Darrin Steve Boland Chief Admin. Officer 1969

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