B of A Stock Quote Today

BAC
 Stock
  

USD 34.47  1.61  4.46%   

Market Performance
4 of 100
Odds Of Distress
Less than 11
B of A is trading at 34.47 as of the 5th of December 2022, a -4.46% down since the beginning of the trading day. The stock's open price was 36.08. B of A has less than a 11 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Bank Of America are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of May 2022 and ending today, the 5th of December 2022. Please note, there could be an existing legal relationship between Bank Of America (BAC) and BANK OF AMERICA (DFF). Click here to learn more.
CUSIP
638585109
Fiscal Year End
December
Business Domain
Banks
IPO Date
13th of January 1978
Category
Financial Services
Classification
Financials
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. The company has 8.02 B outstanding shares of which 73.61 M shares are currently shorted by investors with about 1.72 days to cover. More on Bank Of America

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B of A Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. B of A's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding B of A or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Bank Of America has about 733.43 B in cash with (7.19 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 91.42, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Bank Of America has a poor financial position based on the latest SEC disclosures
Roughly 71.0% of the company shares are held by institutions such as insurance companies
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, B of A's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to B of A's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
Related EntityDFF (BANK OF AMERICA)
Vice ChairmanGary Lynch
Thematic Ideas
Showing 3 out of 6 themes
Fama & French Classification
Average Analyst Recommendation
Analysts covering B of A report their recommendations after researching B of A's financial statements, talking to executives and customers, or listening in on B of A's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Bank Of America. The B of A consensus assessment is calculated by taking the average forecast from all of the analysts covering B of A.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Bank Of America based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Bank Of America financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted10.4 B8.6 B
Fairly Up
Decreasing
Slightly volatile
Weighted Average Shares10.2 B8.5 B
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets1.151.0679
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations(7.4 B)(7.2 B)
Fairly Down
Decreasing
Slightly volatile
Total Liabilities2409.1 B2899.4 B
Significantly Down
Increasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Total Debt463.8 B496.2 B
Notably Down
Decreasing
Slightly volatile
Asset Turnover0.04280.0313
Significantly Up
Decreasing
Slightly volatile
Total Assets2657.7 B3169.5 B
Fairly Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of B of A's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Bank Of America (BAC) is traded on New York Stock Exchange in USA and employs 213,000 people. B of A is listed under Diversified Banks category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with total capitalization of 289.45 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate B of A's market, we take the total number of its shares issued and multiply it by B of A's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Bank Of America runs under Banks sector within Financials industry. The entity has 8.02 B outstanding shares of which 73.61 M shares are currently shorted by investors with about 1.72 days to cover. Bank Of America has about 733.43 B in cash with (7.19 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 91.42, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check B of A Probability Of Bankruptcy
Ownership
B of A holds a total of eight billion twenty-two million four hundred thirty thousand two hundred eight outstanding shares. The majority of Bank Of America outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Bank Of America to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in B of A. Please pay attention to any change in the institutional holdings of Bank Of America as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check B of A Ownership Details

B of A Stock Price Odds Analysis

What are B of A's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of B of A jumping above the current price in 90 days from now is about 47.72%. The Bank Of America probability density function shows the probability of B of A stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.1731 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, B of A will likely underperform. Additionally, the company has an alpha of 0.024, implying that it can generate a 0.024 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 34.47HorizonTargetOdds Above 34.47
52.09%90 days
 34.47 
47.72%
Based on a normal probability distribution, the odds of B of A to move above the current price in 90 days from now is about 47.72 (This Bank Of America probability density function shows the probability of B of A Stock to fall within a particular range of prices over 90 days) .

B of A Stock Institutional Holders

Institutional Holdings refers to the ownership stake in B of A that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of B of A's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing B of A's value.
InstituionSecurity TypeTotal SharesValue
Zwj Investment Counsel IncCommon Shares65.5 KM
Zwj Investment Counsel IncCommon Shares65.6 KM
View B of A Diagnostics

B of A Historical Income Statement

Bank Of America Income Statement is one of the three primary financial statements used for reporting B of A's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Bank Of America revenue and expense. B of A Income Statement primarily focuses on the company's revenues and expenses during a particular period.
B of A Gross Profit is projected to increase significantly based on the last few years of reporting. The past year's Gross Profit was at 89.11 Billion. The current year Net Income is expected to grow to about 34.5 B, whereas Consolidated Income is forecasted to decline to about 26.3 B. View More Fundamentals

B of A Stock Against Markets

Picking the right benchmark for B of A stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in B of A stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for B of A is critical whether you are bullish or bearish towards Bank Of America at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in B of A without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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B of A Corporate Directors

B of A corporate directors refer to members of a B of A board of directors. The board of directors generally takes responsibility for the B of A's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of B of A's board members must vote for the resolution. The B of A board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Frank Bramble - Independent DirectorProfile
Susan Bies - Independent DirectorProfile
Thomas Woods - Independent DirectorProfile
Sharon Allen - Independent DirectorProfile

Invested in Bank Of America?

The danger of trading Bank Of America is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of B of A is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than B of A. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank Of America is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Bank Of America information on this page should be used as a complementary analysis to other B of A'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for B of A Stock analysis

When running Bank Of America price analysis, check to measure B of A'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 B of A is operating at the current time. Most of B of A's value examination focuses on studying past and present price action to predict the probability of B of A's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move B of A's price. Additionally, you may evaluate how the addition of B of A to your portfolios can decrease your overall portfolio volatility.
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Probability Of Bankruptcy
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Is B of A'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 B of A. If investors know B of A 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 B of A 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 YOY
(0.047) 
Market Capitalization
289.4 B
Quarterly Revenue Growth YOY
0.009
Return On Assets
0.0089
Return On Equity
0.1
The market value of Bank Of America is measured differently than its book value, which is the value of B of A that is recorded on the company's balance sheet. Investors also form their own opinion of B of A's value that differs from its market value or its book value, called intrinsic value, which is B of A'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 B of A's market value can be influenced by many factors that don't directly affect B of A'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 B of A's value and its price as these two are different measures arrived at by different means. Investors typically determine B of A value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B of A'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.