Bank of America Corp. (BAC): Price and Financial Metrics
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BAC POWR Grades
- BAC scores best on the Momentum dimension, with a Momentum rank ahead of 96.57% of US stocks.
- BAC's strongest trending metric is Momentum; it's been moving up over the last 179 days.
- BAC's current lowest rank is in the Growth metric (where it is better than 36.41% of US stocks).
BAC Stock Summary
- BAC has a market capitalization of $221,226,116,096 -- more than approximately 99.34% of US stocks.
- BAC's went public 36.84 years ago, making it older than 93.37% of listed US stocks we're tracking.
- BAC's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 93.21% of US stocks.
- Stocks that are quantitatively similar to BAC, based on their financial statements, market capitalization, and price volatility, are KO, DIS, TM, NKE, and MS.
- BAC's SEC filings can be seen here. And to visit BANK OF AMERICA CORP's official web site, go to www.bankofamerica.com.
BAC Valuation Summary
- In comparison to the median Financial Services stock, BAC's price/sales ratio is 8% lower, now standing at 2.3.
- BAC's price/sales ratio has moved down 0.6 over the prior 243 months.
Below are key valuation metrics over time for BAC.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| BAC | 2023-03-17 | 2.3 | 0.8 | 8.6 | 7.0 |
| BAC | 2023-03-16 | 2.4 | 0.8 | 8.9 | 7.3 |
| BAC | 2023-03-15 | 2.4 | 0.8 | 8.8 | 7.2 |
| BAC | 2023-03-14 | 2.4 | 0.8 | 8.8 | 7.2 |
| BAC | 2023-03-13 | 2.4 | 0.8 | 8.8 | 7.2 |
| BAC | 2023-03-10 | 2.6 | 0.9 | 9.3 | 7.6 |
BAC Growth Metrics
- Its 3 year net income to common stockholders growth rate is now at 9.31%.
- Its 5 year cash and equivalents growth rate is now at 44.51%.
- Its 4 year net cashflow from operations growth rate is now at 1320.86%.
The table below shows BAC's growth in key financial areas (numbers in millions of US dollars).
| Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
|---|---|---|---|
| 2022-09-30 | 92,478 | 7,326 | 25,884 |
| 2022-06-30 | 90,742 | 3,967 | 26,565 |
| 2022-03-31 | 89,520 | -295 | 29,597 |
| 2021-12-31 | 89,113 | -7,193 | 30,557 |
| 2021-09-30 | 87,152 | 2,750 | 28,992 |
| 2021-06-30 | 84,722 | -39,683 | 26,172 |
BAC's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- BAC has a Quality Grade of C, ranking ahead of 27.67% of graded US stocks.
- BAC's asset turnover comes in at 0.029 -- ranking 388th of 428 Banking stocks.
- PNC, UBFO, and GCBC are the stocks whose asset turnover ratios are most correlated with BAC.
The table below shows BAC's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-09-30 | 0.029 | 1 | 0.012 |
| 2021-06-30 | 0.029 | 1 | 0.010 |
| 2021-03-31 | 0.030 | 1 | 0.009 |
| 2020-12-31 | 0.031 | 1 | 0.008 |
| 2020-09-30 | 0.033 | 1 | 0.009 |
| 2020-06-30 | 0.035 | 1 | 0.010 |
BAC Price Target
For more insight on analysts targets of BAC, see our BAC price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $44.09 | Average Broker Recommendation | 1.69 (Moderate Buy) |
BAC Stock Price Chart Interactive Chart >
BAC Price/Volume Stats
| Current price | $27.14 | 52-week high | $44.39 |
| Prev. close | $26.97 | 52-week low | $26.32 |
| Day low | $26.32 | Volume | 96,978,300 |
| Day high | $27.29 | Avg. volume | 54,996,965 |
| 50-day MA | $33.32 | Dividend yield | 3.26% |
| 200-day MA | $33.67 | Market Cap | 217.22B |
Bank of America Corp. (BAC) Company Bio
Bank of America is a financial institution founded in 1784. Bank of America is considered to be one of the ‘big four’ U.S. banks, along with JPMorgan Chase & Co., Wells Fargo & Company, and Citigroup, Inc. Bank of America serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company has operations across the United States, its territories and approximately 35 countries worldwide.
Latest BAC News From Around the Web
Below are the latest news stories about BANK OF AMERICA CORP that investors may wish to consider to help them evaluate BAC as an investment opportunity.
SVB testimony, inflation update, and earnings- everything you need to know for the week aheadSVB hearings, major economic data, and some heavy hitters reporting earnings. There’s a lot going on in the week ahead. Here’s what you need to know: For the first time, members of Congress will grill top banking regulators over the collapse of Silicon Valley Bank and Signature Bank. Top officials from the Federal Reserve, FDIC, and Treasury Department are expected to testify on Tuesday and Wednesday on Capitol Hill, as lawmakers try to get to the bottom of why the banks failed. Wall Street will be watching this week for the latest round of economic figures. We’re set to receive 2022 Q4 GDP (final), PCE inflation data, consumer confidence, and fresh information on the health of the housing market. And big time market movers Walgreens (WBA), Carnival Cruise Line (CCL), and Lululemon (LUL... |
4 Bank Stocks STILL Paying Secure DividendsThe banking crisis sparked by the failure of SVB has resulted in some very safe banks offering some very fat dividends. |
The 3 Best Hydrogen Stocks to Buy for the Green Energy RevolutionGrowing demand for renewable energy, supported by global governments, is creating a multi-trillion-dollar opportunity for hydrogen stocks. |
Weekly RoundupThat quick roller coaster ride for the S&P 500 hit the portfolio with some wide swings this week -- and big gains in Coty and ChargePoint as well as some slips in other stocks. |
Bank of America to redeploy wealth management, banking employees - sourceLess than 200 employees are being moved to product specialist positions within the company's global operations organization, the source told Reuters. The move highlights the broader weakness in Wall Street banks' mortgage and wealth management businesses in a rising interest rate environment. Interest rate hikes by global central banks to tame elevated levels of inflation have weighed on consumer and corporate spending, affecting the outlook for Wall Street heavyweights such as Goldman Sachs Group Inc and Morgan Stanley. |
BAC Price Returns
| 1-mo | -20.15% |
| 3-mo | N/A |
| 6-mo | -10.12% |
| 1-year | -36.39% |
| 3-year | 27.94% |
| 5-year | 2.83% |
| YTD | -17.52% |
| 2022 | -23.82% |
| 2021 | 49.61% |
| 2020 | -11.63% |
| 2019 | 46.19% |
| 2018 | -15.00% |
BAC Dividends
| Ex-Dividend Date | Type | Payout Amount | Change | ||||||
|---|---|---|---|---|---|---|---|---|---|
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Continue Researching BAC
Want to see what other sources are saying about Bank Of America Corp's financials and stock price? Try the links below:Bank Of America Corp (BAC) Stock Price | Nasdaq
Bank Of America Corp (BAC) Stock Quote, History and News - Yahoo Finance
Bank Of America Corp (BAC) Stock Price and Basic Information | MarketWatch
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