Bank of America Corporation (BAC-PQ) Stock

About Bank of America Corporation

Bank of America Corporation, operating through its various subsidiaries, delivers a comprehensive range of banking and financial solutions to a global clientele. Its diverse customer base encompasses individual consumers, small and mid-sized enterprises, institutional investors, large corporations, and governmental entities across the world. The Consumer Banking segment caters to everyday financial needs, providing traditional and money market savings accounts, certificates of deposit, and IRAs. It also offers both interest-bearing and non-interest-bearing checking options, investment accounts, credit and debit cards, residential mortgages, and home equity lines of credit, alongside direct and indirect financing for assets like automobiles, recreational vehicles, and personal loans. For affluent individuals and families, the Global Wealth & Investment Management division offers a spectrum of services including investment management, brokerage, banking, and trust and retirement planning. This segment also provides comprehensive wealth management strategies and highly customized solutions, such as specialty asset management. The Global Banking segment supports corporate and institutional clients with extensive lending products, from commercial loans, leases, and commitment facilities to trade finance, commercial real estate, and asset-based lending. It further furnishes treasury solutions like cash management, foreign exchange, short-term investing options, and merchant services, in addition to working capital management. Key capital markets activities include debt and equity underwriting and distribution, along with merger-related and other strategic advisory services. Within its Global Markets segment, Bank of America facilitates market-making, financing, and securities clearing, settlement, and custody. It also develops sophisticated risk management products, leveraging instruments such as interest rate, equity, credit, currency, and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. By December 31, 2021, the company's substantial reach included approximately 67 million consumer and small business clients. This extensive network was supported by around 4,200 retail financial centers, roughly 16,000 ATMs, and robust digital banking platforms actively utilized by about 41 million users. Established in 1784, Bank of America Corporation maintains its headquarters in Charlotte, North Carolina.

Bank of America Corporation is headquartered in US.

Bank of America Corporation (BAC-PQ) stock trades at $16.30 with a market capitalization of $436.69B. The stock is valued at a price-to-earnings (P/E) ratio of 14.51, price-to-book of 1.52, price-to-sales of 2.56. Over the past 52 weeks the stock has ranged between $16.23 and $18.84, and currently trades 13.5% below its 52-week high. It pays a dividend yielding 6.50%.

On profitability, Bank of America Corporation generates a return on equity (ROE) of 11.13%, return on capital employed of 1.41%, an operating margin of 24.70%, a net profit margin of 18.95%.

In its most recent fiscal year, Bank of America Corporation reported annual revenue of $191.6B, net profit of $30.5B. Over the last 5 fiscal years, revenue grew at an average annual rate of 15.4%, and net profit grew at an average annual rate of 11.3%.

The balance sheet shows a debt-to-equity ratio of 2.43 (debt more than twice shareholders' equity), a current ratio of 0.07, total assets of $3.41T, $231.8B in cash and equivalents. For banks and other lenders, borrowing and deposits are part of the business model, so debt-to-equity and the current ratio read differently than for other companies.

BAC-PQ has an average daily trading volume of 122,136 shares, a beta of 1.18.

Official website: www.bankofamerica.com