A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
BANK OF AMERICA CORP /DE/
BAC
$473.2B
Mkt Cap
$62.05
+1.26%
BANK OF AMERICA CORP /DE/ (BAC) has a current P/E ratio of 16.3, compared to its historical median P/E of 11.8. The stock is currently considered Expensive based on its historical valuation range.
BANK OF AMERICA CORP /DE/ (BAC) has a 5-year average return on invested capital (ROIC) of 4.8%. This is below average and may indicate limited pricing power.
BANK OF AMERICA CORP /DE/ (BAC) has a market capitalization of $442.4B. It is classified as a mega-cap stock.
Yes, BANK OF AMERICA CORP /DE/ (BAC) pays a dividend with a trailing twelve-month yield of 2.18%. The company also returns capital through share buybacks, with a buyback yield of 5.46%.
Based on historical P/E analysis, BANK OF AMERICA CORP /DE/ (BAC) appears expensive. The current P/E of 16.3 is 38% above its historical median of 11.8. The estimated fair value CAGR (P/E method) is 6.1%.
BANK OF AMERICA CORP /DE/ (BAC) operates in the National Commercial Banks industry, within the Financials sector.
Bank of America is one of the world's largest financial institutions serving individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments through four primary business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The company operates a diversified business model generating revenue through deposit-taking, lending, investment banking, asset management, sales and trading, and risk management services across the United States and international markets. Bank of America competes in a highly competitive environment against banks, investment firms, credit unions, insurance companies, and increasingly against fintech and internet-based competitors, with competitive positioning based on customer service, product range, technology delivery, pricing, and reputation. The company employs approximately 213,000 employees globally, with 77 percent located in the United States, and operates with a focus on organic growth, disciplined expense management, and capital deployment through dividends and share repurchases. Bank of America's business model emphasizes the durability and diversification of its earnings streams across different economic environments, supported by strong deposit relationships, substantial lending portfolios, and fee-generating businesses in wealth management and capital markets.
【Net interest income momentum continuing】 Management expects net interest income to grow 6%-8% in 2026 compared to 2025, driven by moderate deposit and loan growth, sizable fixed-rate asset repricing, and cash flow swap repricing, with approximately $12-15 billion in combined mortgage-backed securities and mortgage loans rolling off quarterly at 150-200 basis points higher yields. The company anticipates generating more than 200 basis points of operating leverage in 2026, supported by disciplined expense management and revenue growth, with expectations for continued strong performance in investment banking, asset management, and sales and trading fees. Management remains focused on reducing headcount over time to drive efficiency improvements while maintaining flexibility to navigate changing market conditions, and expects to sustain strong credit performance with stable net charge-offs given benign consumer delinquency trends and low unemployment. The company targets an effective tax rate of approximately 20% for 2026 and continues to prioritize organic growth, capital returns to shareholders through dividends and buybacks, and working toward a 50 basis point management buffer above regulatory capital minimums.
| Metric | Target | Period |
|---|---|---|
| Net Interest Income growth | 6%-8% | FY2026 vs FY2025 |
| Operating leverage | more than 200 basis points | FY2026 |
| Effective tax rate | approximately 20% | FY2026 |
| Quarterly mortgage-backed securities and mortgage loans roll-off | $12-15 billion | FY2026 (quarterly) |
| Yield on replacement assets | 150-200 basis points higher | FY2026 |
Net Interest Income growth (FY2026 vs FY2025): “we're raising our full-year NII growth guidance range for 2026 versus 2025 to be up 6%-8%”
Operating leverage (FY2026): “we continue to expect more than 200 basis points of positive operating leverage for the year”
Effective tax rate (FY2026): “for the full year 2026, we expect an effective tax rate of just a little more than 20%”
Quarterly mortgage-backed securities and mortgage loans roll-off (FY2026 (quarterly)): “During 2026, we expect roughly $12-$15 billion in combined mortgage-backed securities and mortgage loans to roll off quarterly”
Yield on replacement assets (FY2026): “those will be replaced with new assets at 150-200 basis points higher in yield”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 116.0B | 191.6B | 196.4B | 176.1B | 115.1B | 93.9B |
| Net Income | 30.2B | 29.1B | 25.3B | 24.7B | 26.0B | 30.6B |
| EPS | $4.16 | $3.81 | $3.19 | $3.05 | $3.19 | $3.57 |
| Free Cash Flow | 0 | 12.6B | -8.8B | 45.0B | -6.3B | -7.2B |
| ROIC | 4.8% | 4.8% | 4.3% | 4.3% | 4.7% | 5.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.11 | 1.14 | 1.08 | 1.15 | 1.04 | 1.04 |
| Dividends/Share | $1.35 | $1.08 | $1.00 | $0.92 | $0.86 | $0.78 |
| Operating Income | 2.0B | 1.6B | 33.2B | 32.5B | -2.8B | -1.8B |
| Operating Margin | 1.7% | 0.8% | 16.9% | 18.5% | -2.4% | -1.9% |
| ROE | 10.1% | 9.7% | 8.7% | 8.8% | 9.6% | 11.3% |
| Shares Outstanding | 7,130M | 7,626M | 7,945M | 8,084M | 8,155M | 8,559M |
BANK OF AMERICA CORP /DE/ passes 3 of 9 quality checks, indicating weak fundamentals.
BANK OF AMERICA CORP /DE/ trades at 16.3x trailing earnings, compared to its 15-year median P/E of 11.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 37.5x vs a median of 6.2x. The company's 5-year average ROIC is 4.8%. Total shareholder yield (dividends + buybacks) is 7.6%. At current prices, the estimated annualized return to fair value is -17.1%.
BANK OF AMERICA CORP /DE/ (BAC) reported annual revenue of $191.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
BANK OF AMERICA CORP /DE/ (BAC) has a net profit margin of 15.2%. This is a healthy margin.
BANK OF AMERICA CORP /DE/ (BAC) generated $12.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BANK OF AMERICA CORP /DE/ (BAC) has a debt-to-equity ratio of 1.14. This indicates moderate leverage.
BANK OF AMERICA CORP /DE/ (BAC) reported earnings per share (EPS) of $3.81 in its most recent fiscal year.
BANK OF AMERICA CORP /DE/ (BAC) has a return on equity (ROE) of 9.7%. This indicates moderate shareholder returns.
The Ledger Terminal provides 19 years of financial data for BANK OF AMERICA CORP /DE/ (BAC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BANK OF AMERICA CORP /DE/ (BAC) has a book value per share of $39.76, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects net interest income to grow 6%-8% in 2026 compared to 2025, driven by moderate deposit and loan growth, sizable fixed-rate asset repricing, and cash flow swap repricing, with approximately $12-15 billion in combined mortgage-backed securities and mortgage loans rolling off quarterly at 150-200 basis points higher yields. The company anticipates generating more than 200 basis points of operating leverage in 2026, supported by disciplined expense management and revenue growth, with expectations for continued strong performance in investment banking, asset management, and sales and trading fees. Management remains focused on reducing headcount over time to drive efficiency improvements while maintaining flexibility to navigate changing market conditions, and expects to sustain strong credit performance with stable net charge-offs given benign consumer delinquency trends and low unemployment. The company targets an effective tax rate of approximately 20% for 2026 and continues to prioritize organic growth, capital returns to shareholders through dividends and buybacks, and working toward a 50 basis point management buffer above regulatory capital minimums.
Based on recent SEC filings and earnings calls, BANK OF AMERICA CORP /DE/ (BAC) has provided the following forward guidance: Net Interest Income growth: 6%-8% (FY2026 vs FY2025); Operating leverage: more than 200 basis points (FY2026); Effective tax rate: approximately 20% (FY2026); Quarterly mortgage-backed securities and mortgage loans roll-off: $12-15 billion (FY2026 (quarterly)); Yield on replacement assets: 150-200 basis points higher (FY2026).
No recent press releases.