Dean Athanasia - Bank of America President

BAC Stock  USD 36.01  0.60  1.69%   

President

Mr. Dean C. Athanasia is President Retail and Preferred Small Business Banking of the BANK OF AMERICA CORPORATION. he previously served as President Preferred and Small Business Banking and CoHead Consumer Banking, since September 2014. He was Preferred and Small Business Banking Executive from April 2011 to September 2014 and Head of Global Banking and Merrill Edge from April 2009 to April 2011. since 2018.
Age 57
Tenure 6 years
Address Bank of America Corporate Center, Charlotte, NC, United States, 28255
Phone704 386 5681
Webhttps://www.bankofamerica.com

Bank of America Management Efficiency

At present, Bank of America's Return On Equity is projected to increase slightly based on the last few years of reporting. At present, Bank of America's Total Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Return On Assets is expected to grow to 0.01, whereas Total Assets are forecasted to decline to about 1.7 T. Bank of America's management efficiency ratios could be used to measure how well Bank of America manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 334.3 B in debt with debt to equity (D/E) ratio of 7.37, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Debt can assist Bank of America until it has trouble settling it off, either with new capital or with free cash flow. So, Bank of America's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bank Of America sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bank to invest in growth at high rates of return. When we think about Bank of America's use of debt, we should always consider it together with cash and equity.

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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. The company was founded in 1784 and is based in Charlotte, North Carolina. B of A operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 213000 people. Bank Of America (BAC) is traded on New York Stock Exchange in USA. It is located in Bank of America Corporate Center, Charlotte, NC, United States, 28255 and employs 213,000 people. Bank of America is listed under Diversified Banks category by Fama And French industry classification.

Management Performance

Bank Of America Leadership Team

Elected by the shareholders, the Bank of America's board of directors comprises two types of representatives: Bank of America inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank of America's management team and ensure that shareholders' interests are well served. Bank of America's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bank of America's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gary Lynch, Vice Chairman
Bernard Mensah, President International
Aron Levine, President Banking
Thomas Montag, Chief Operating Officer
Alastair Borthwick, Chief Financial Officer
Darrin Boland, Chief Officer
Susan Bies, Independent Director
Andrea Smith, Chief Administrative Officer
Rita Cook, President of Bank of America Chicago
Catherine Bessant, Chief Operations and Technology Officer
Dean Athanasia, President - Preferred & Small Business Banking and Co-Head - Consumer Banking
Alexander WilmotSitwell, President Europe and Emerging Markets
Sarang Gadkari, CoHead Markets
Terrence Laughlin, President - Strategic Initiatives
Sharon Allen, Independent Director
David Darnell, Executive Officer
Rudolf Bless, Chief Officer
Geoffrey Greener, Chief Risk Officer
Monica Lozano, Independent Director
Thomas Scrivener, Chief Operations Executive
Christopher Hyzy, Chief Officer
Jack Bovender, Lead Independent Director
Lionel Nowell, Lead Independent Director
Paul Donofrio, Vice Chairman of the Board
Lauren Mogensen, Global General Counsel
Brian Moynihan, Chairman of the Board, President, Chief Executive Officer
Thomas May, Independent Director
Michael White, Independent Director
Andrew Sieg, President - Merrill Lynch Wealth Management
Clayton Rose, Independent Director
Thong Nguyen, President of Retail Banking, and Co-Head – Consumer Banking
Frank Bramble, Independent Director
David Leitch, Global General Counsel
Sheri Bronstein, Chief Human Resource Officer
Lorna Sabbia, Head Solutions
Thomas Woods, Independent Director
Kathleen Knox, President - Private Bank
Aditya Bhasin, Chief Technology & Information Officer
Bruce Thompson, Vice Chair, Head of Enterprise Credit
Charles Gifford, Director
Jeneen Marziani, President Cleveland
Robert Yost, Independent Director
Arnold Donald, Independent Director
Al Mcrae, President - Bank of America Atlanta
Terry Laughlin, President - Strategic Initiatives
Michael Joo, COO American
Anne Finucane, Vice Chairman of the Board
Denise Ramos, Independent Director
James Demare, President Global Markets
Linda Hudson, Independent Director
Matthew Koder, President Global Corporate and Investment Banking
Pierre Weck, Independent Director
Maria Zuber, Independent Director

Bank Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Bank of America a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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.

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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 equities. 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.
Pair CorrelationCorrelation Matching
When determining whether Bank Of America offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bank of America's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bank Of America Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bank Of America Stock:
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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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
(0.61)
Dividend Share
0.92
Earnings Share
3.08
Revenue Per Share
11.731
Quarterly Revenue Growth
(0.11)
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.