Bank Common Stock Shares Outstanding vs Total Stockholder Equity Analysis
BAC Stock | USD 38.45 0.17 0.44% |
Bank of America financial indicator trend analysis is way more than just evaluating Bank of America prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of America is a good investment. Please check the relationship between Bank of America Common Stock Shares Outstanding and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.
Common Stock Shares Outstanding vs Total Stockholder Equity
Common Stock Shares Outstanding vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of America Common Stock Shares Outstanding account and Total Stockholder Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between Bank of America's Common Stock Shares Outstanding and Total Stockholder Equity is 0.28. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Bank of America, assuming nothing else is changed. The correlation between historical values of Bank of America's Common Stock Shares Outstanding and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Bank of America are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Common Stock Shares Outstanding i.e., Bank of America's Common Stock Shares Outstanding and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Bank of America's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of America current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.At present, Bank of America's Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.7B | 20.1B | 73.3B | 77.0B | Depreciation And Amortization | 1.9B | 2.0B | 2.0B | 1.6B |
Bank of America fundamental ratios Correlations
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Bank of America Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of America fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.4T | 2.8T | 3.2T | 3.1T | 3.2T | 1.7T | |
Short Long Term Debt Total | 265.1B | 282.3B | 303.9B | 302.9B | 334.3B | 241.9B | |
Total Current Liabilities | 24.2B | 19.3B | 23.8B | 26.9B | 958.6B | 1.0T | |
Total Stockholder Equity | 264.8B | 272.9B | 270.1B | 273.2B | 291.6B | 166.8B | |
Property Plant And Equipment Net | 10.6B | 11B | 10.8B | 11.5B | 11.9B | 9.4B | |
Net Debt | 96.4B | (104.8B) | (51.5B) | 65.5B | (7.1B) | (6.8B) | |
Retained Earnings | 156.3B | 164.1B | 188.1B | 207.0B | 224.7B | 235.9B | |
Cash | 168.7B | 387.0B | 355.4B | 237.5B | 341.4B | 358.5B | |
Non Current Assets Total | 781.5B | 963.7B | 1.3T | 1.2T | 2.2T | 2.3T | |
Non Currrent Assets Other | (781.5B) | (963.7B) | (1.3T) | (1.2T) | (416.6B) | (437.4B) | |
Cash And Short Term Investments | 414.3B | 621.5B | 654.5B | 458.3B | (27.9B) | (26.5B) | |
Net Receivables | 55.9B | 64.2B | 72.7B | 67.4B | 96.7B | 51.2B | |
Common Stock Shares Outstanding | 1.8B | 1.7B | 1.6B | 1.6B | 8.1B | 5.8B | |
Liabilities And Stockholders Equity | 2.4T | 2.8T | 3.2T | 3.1T | 3.2T | 1.7T | |
Non Current Liabilities Total | 240.9B | 262.9B | 280.1B | 2.5T | 1.9T | 991.7B | |
Other Current Assets | 1.3T | 1.2T | 1.2T | 133.8B | 981.0B | 762.1B | |
Other Stockholder Equity | 23.4B | 24.5B | (5.1B) | (21.2B) | (24.3B) | (23.1B) | |
Total Liab | 2.2T | 2.5T | 2.9T | 2.8T | 2.9T | 1.5T | |
Property Plant And Equipment Gross | 9.2B | 9.9B | 10.6B | 11B | 12.7B | 9.1B | |
Total Current Assets | 490.0B | 702.7B | 742.0B | 539.3B | 981.0B | 1.0T | |
Short Term Debt | 24.2B | 19.3B | 23.8B | 26.9B | 32.1B | 49.7B | |
Other Current Liab | (24.2B) | (19.3B) | (23.8B) | (26.9B) | 926.5B | 972.8B | |
Common Stock Total Equity | 91.7B | 86.0B | 62.4B | 59.0B | 67.8B | 94.8B | |
Accumulated Other Comprehensive Income | (6.6B) | (1.7B) | (5.1B) | (21.2B) | (17.8B) | (16.9B) | |
Common Stock | 91.7B | 86.0B | 62.4B | 59.0B | 56.4B | 93.5B | |
Other Liab | 5.3B | 11.1B | 6.7B | 5.6B | 5.1B | 4.8B | |
Accounts Payable | 182.8B | 181.8B | 2.1T | 224.1B | 201.7B | 352.2B | |
Other Assets | 1.2T | 1.2T | 1.1T | 1.3T | 275M | 261.3M | |
Long Term Debt | 240.9B | 262.9B | 280.1B | 276.0B | 302.2B | 282.8B | |
Short Term Investments | 245.6B | 234.5B | 299.2B | 220.8B | 266.6B | 236.1B | |
Inventory | 285M | 164M | 130M | 170M | (68.8B) | (72.2B) | |
Preferred Stock Total Equity | 23.4B | 24.5B | 24.7B | 28.4B | 32.7B | 17.3B | |
Intangible Assets | 1.7B | 1.6B | 2.2B | 2.1B | 1.9B | 1.8B | |
Property Plant Equipment | 10.6B | 11B | 10.8B | 11.5B | 13.2B | 11.1B | |
Retained Earnings Total Equity | 156.3B | 164.1B | 188.1B | 207.0B | 238.1B | 250.0B | |
Net Tangible Assets | 195.9B | 204.0B | 176.3B | 204.2B | 234.8B | 192.0B | |
Long Term Debt Total | 362.4B | 379.8B | 280.1B | 276.0B | 248.4B | 297.6B | |
Long Term Investments | 702.0B | 883.7B | 1.2T | 1.2T | 1.0T | 968.6B | |
Non Current Liabilities Other | 165.1B | 170.3B | 192.3B | 195.6B | 176.1B | 159.2B |
Pair Trading with Bank of America
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of America position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of America will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
0.96 | C | Citigroup Financial Report 12th of July 2024 | PairCorr |
0.79 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
0.72 | NU | Nu Holdings Earnings Call Tomorrow | PairCorr |
0.73 | RY | Royal Bank Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Bank of America could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of America when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of America - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of America to buy it.
The correlation of Bank of America is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of America can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.Note that the Bank of America information on this page should be used as a complementary analysis to other Bank of America's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Bank Stock analysis
When running Bank of America's price analysis, check to measure Bank of America's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.
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Is Bank of America's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of America. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of America listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 0.94 | Earnings Share 2.9 | Revenue Per Share 11.664 | Quarterly Revenue Growth (0.03) |
The market value of Bank of America is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of America's value that differs from its market value or its book value, called intrinsic value, which is Bank of America's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of America's market value can be influenced by many factors that don't directly affect Bank of America's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.