Thomas Woods - Bank of America Independent Director
BAC Stock | USD 37.71 0.13 0.34% |
Director
Mr. Thomas D. Woods is an Independent Director of the Mr. Woodss career at Canadian Imperial Bank of Commerce enables him to bring his deep experience in risk management, corporate strategy, finance, and the corporate and investment banking businesses to our Board. As Senior Executive Vice President and Chief Risk Officer of CIBC during the financial crisis, Mr. Woods focused on risk management and CIBCs risk culture. Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group.. Mr. Woodss career at Canadian Imperial Bank of Commerce enables him to bring his deep experience in risk management, corporate strategy, finance, and the corporate and investment banking businesses to our Board. As Senior Executive Vice President and Chief Risk Officer of CIBC during the financial crisis, Mr. Woods focused on risk management and CIBCs risk culture. Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. since 2016.
Age | 68 |
Tenure | 8 years |
Address | Bank of America Corporate Center, Charlotte, NC, United States, 28255 |
Phone | 704 386 5681 |
Web | https://www.bankofamerica.com |
Thomas Woods Latest Insider Activity
Tracking and analyzing the buying and selling activities of Thomas Woods against Bank of America stock is an integral part of due diligence when investing in Bank of America. Thomas Woods insider activity provides valuable insight into whether Bank of America is net buyers or sellers over its current business cycle. Note, Bank of America insiders must abide by specific rules, including filing SEC forms every time they buy or sell Bank of America'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Thomas Woods over six months ago Purchase by Thomas Woods of 25000 shares of B of A | ||
Thomas Woods over six months ago B of A exotic insider transaction detected |
Bank of America Management Efficiency
At present, Bank of America's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.12, whereas Return On Capital Employed is forecasted to decline to 0.01. 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 Tangible 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.Similar Executives
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Management Performance
Return On Equity | 0.0872 | ||||
Return On Asset | 0.0077 |
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.
Frank Bramble, Independent Director | ||
Bernard Mensah, President International | ||
Aron Levine, President Banking | ||
Thomas Montag, Chief Operating Officer | ||
David Leitch, Global General Counsel | ||
Alastair Borthwick, Chief Financial Officer | ||
Darrin Boland, Chief Officer | ||
Sheri Bronstein, Chief Human Resource Officer | ||
Susan Bies, Independent Director | ||
Andrea Smith, Chief Administrative Officer | ||
Rita Cook, President of Bank of America Chicago | ||
Lorna Sabbia, Head Solutions | ||
Catherine Bessant, Chief Operations and Technology Officer | ||
Dean Athanasia, President - Preferred & Small Business Banking and Co-Head - Consumer Banking | ||
Thomas Woods, Independent Director | ||
Sarang Gadkari, CoHead Markets | ||
Sharon Allen, Independent Director | ||
Kathleen Knox, President - Private Bank | ||
Rudolf Bless, Chief Officer | ||
Aditya Bhasin, Chief Technology & Information Officer | ||
Bruce Thompson, Vice Chair, Head of Enterprise Credit | ||
Geoffrey Greener, Chief Risk Officer | ||
Monica Lozano, Independent Director | ||
Jeneen Marziani, President Cleveland | ||
Robert Yost, Independent Director | ||
Thomas Scrivener, Chief Operations Executive | ||
Arnold Donald, Independent Director | ||
Al Mcrae, President - Bank of America Atlanta | ||
Christopher Hyzy, Chief Officer | ||
Jack Bovender, Lead Independent Director | ||
Michael Joo, COO American | ||
Anne Finucane, Vice Chairman of the Board | ||
Lionel Nowell, Lead Independent Director | ||
Paul Donofrio, Vice Chairman of the Board | ||
Denise Ramos, Independent Director | ||
James Demare, President Global Markets | ||
Lauren Mogensen, Global General Counsel | ||
Linda Hudson, Independent Director | ||
Matthew Koder, President Global Corporate and Investment Banking | ||
Brian Moynihan, Chairman of the Board, President, Chief Executive Officer | ||
Thomas May, Independent Director | ||
Pierre Weck, 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 | ||
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.
Return On Equity | 0.0872 | ||||
Return On Asset | 0.0077 | ||||
Profit Margin | 0.27 % | ||||
Operating Margin | 0.30 % | ||||
Current Valuation | 220.62 B | ||||
Shares Outstanding | 7.82 B | ||||
Shares Owned By Insiders | 13.29 % | ||||
Shares Owned By Institutions | 59.53 % | ||||
Number Of Shares Shorted | 64.8 M | ||||
Price To Earning | 11.71 X |
Bank of America Investors Sentiment
The influence of Bank of America's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bank. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Bank of America's public news can be used to forecast risks associated with an investment in Bank. The trend in average sentiment can be used to explain how an investor holding Bank can time the market purely based on public headlines and social activities around Bank of America. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bank of America's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Bank of America's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Bank of America's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bank of America.
Bank of America Implied Volatility | 30.72 |
Bank of America's implied volatility exposes the market's sentiment of Bank of America stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bank of America's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Bank of America stock will not fluctuate a lot when Bank of America's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bank of America in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bank of America's short interest history, or implied volatility extrapolated from Bank of America options trading.
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 Aggressive Push | PairCorr |
0.8 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
0.75 | NU | Nu Holdings Aggressive Push | PairCorr |
0.67 | 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.