BAC
NYSE · USDBank of America Corporation
Financial Services · Banks - Diversified
CEO Brian T. Moynihan
Employees 213,000
R&D / revenue 0.0%
Last price
$51.23−0.91%last session
Market cap
$358.2B
P/E (TTM)
12.0x
From 52w high
−21.5%
From 52w low
+11.1%
1-year return
+2.1%
RSI 14 · vs SMA200
23.9 · −7.1%
IS score
55.0/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
BAC SPY XLF (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe57Profitability
55Growth
82Value
84Momentum
50Risk (safety)
67Quality
12Balance sheet
94Earnings quality
Flags
Strengths
✓ Piotroski 8+✓ Congress buying
Warnings
None of the computed warning flags fires for BAC (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 8 / 9Beta 1.163 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
1 open-market sales, $6.7M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-07-07
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+130
300 new holders, 126 closed
3,625 filers hold 75.7% · 1,530 added, 1,358 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+125
1,508 funds adding shares
1,383 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
27.9%
20-day avg 35.5%, 50-day avg 43.0%
Latest 7.6 pp under its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$191.6B
Revenue growth YoY−0.5%
Gross margin56.1%
Operating income$37.7B
Operating margin19.7%
Net income$30.5B
Net margin15.9%
EPS (diluted)$3.82
Cash flow
Operating cash flow$12.6B
Capital expenditure$0
Free cash flow$12.6B
FCF conversion (FCF / OCF)100.0%
Stock-based compensation$4.0B
FCF less SBC$8.6B
Buybacks$21.4B
Dividends$9.6B
Balance sheet & returns
Cash & short-term investments$963.7B
Total debt$365.9B
Net cash$597.8B
Shareholders' equity$303.2B
Goodwill & intangibles$69.0B
Debt / equity1.28
ROE (TTM)10.7%
ROIC (TTM)29.4%
Operating margin by fiscal year
Revenue $93.9B (FY2021) to $191.6B (FY2025), a 19.5% CAGR.
Valuation
P/E (TTM)12.0x
EV / EBITDA15.7x
Price / sales1.84x
Price / FCF3.8x
FCF yield26.45%
Buyback yield5.98%
SBC / revenue2.1%
Price / book1.23x
Forward P/E FY202611.5x
Forward P/E FY20279.9x
Forward P/E FY20288.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $65.50 across 8 analysts last quarter is theirs, not ours.
BAC vs industry median
44 companies in Banks - Diversified
BAC (TTM)Industry median
Asset turnover 0.06 vs industry 0.05 · financial leverage 11.55
Earnings delivery
Next report 2027-01-15 · consensus EPS $1.1492%
beat rate, 11 of 12 quarters
+5.2%
median EPS surprise
11
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2024-01-12 to 2026-10-14. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| BAC Bank of America Corporation | $358.2B | 12.0x | 10.7% | 16.5% | −0.5% | +2.1% |
| HSBC HSBC Holdings plc | $324.6B | 13.5x | 13.8% | 23.2% | +8.7% | +44.1% |
| WFC Wells Fargo & Company | $253.6B | 11.6x | 12.5% | 19.1% | +5.5% | +0.4% |
| C Citigroup Inc. | $208.4B | 12.0x | 8.4% | 12.9% | +3.9% | +31.8% |
| UBS UBS Group AG | $146.0B | 16.1x | 9.6% | 15.6% | +1.4% | +22.7% |
| JPM JPMorgan Chase & Co. | $903.0B | 14.2x | 17.8% | 25.7% | +8.0% | — |
| MS Morgan Stanley | $284.8B | 14.2x | 18.5% | 16.2% | +16.7% | — |
| GS The Goldman Sachs Group, Inc | $256.6B | 12.5x | 17.0% | 17.2% | −6.8% | — |
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.
Recent 8-K filings
No 8-K filings on file.
Context
Shares outstanding6,992,750,000
Free float99.8%
Institutional ownership75.7%
Beta1.16
Dividend yield2.26%
Last dividend$0.32 on 2026-09-04
50 / 200-day average$59.29 / $55.22
Mega-cap Financial Services median P/E14.6x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where BAC sits among 6 scored companies in Banks - Diversified (0 = lowest value, 100 = highest). It is a position, not a grade. Balance-sheet ratios built for operating companies are n/a for lenders and insurers.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | BAC | Industry percentile |
|---|---|---|
| P/E (TTM) | 10.6x | 0th |
| PEG (P/E ÷ 3-yr EPS CAGR) | 1.37 | 60th |
| Price / sales | 1.8x | 20th |
| Price / book | 1.2x | 20th |
| Price / tangible book | 1.8x | 60th |
| Price / free cash flow | n/a | |
| Price / operating cash flow | n/a | |
| Enterprise value | n/a | |
| EV / sales | n/a | |
| EV / EBITDA | n/a | |
| EV / EBIT | n/a | |
| EV / free cash flow | n/a | |
| Earnings yield | 9.4% | 100th |
| FCF yield | n/a | |
| Operating cash flow yield | n/a | |
| Graham number (per share) | $65.46 | 20th |
Profitability (TTM)
| Measure | BAC | Industry percentile |
|---|---|---|
| Gross margin | n/a | |
| EBITDA margin | n/a | |
| Operating margin | 22.5% | 60th |
| EBIT margin | 22.5% | 60th |
| Net margin | 17.2% | 40th |
| NOPAT margin | 17.2% | 40th |
| FCF margin | n/a | |
| Operating cash flow margin | n/a | |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 27.1% | 80th |
| Stock comp / revenue | 2.1% | 100th |
| Effective tax rate | 23.3% | 80th |
Returns on capital
| Measure | BAC | Industry percentile |
|---|---|---|
| ROE (on average equity) | 11.2% | 40th |
| ROA | 1.0% | 60th |
| ROIC | n/a | |
| ROCE | n/a | |
| Return on tangible assets | 1.3% | 60th |
| Cash ROIC (OCF / invested capital) | n/a | |
| Gross profitability (GP / assets) | n/a | |
| ROIC, 3-yr average | n/a | |
| ROIC, 5-yr average | n/a | |
| ROE, 5-yr average | 10.0% | 20th |
| Incremental ROIC | n/a |
Growth
| Measure | BAC | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 3.0% | 20th |
| Revenue growth (QoQ) | 3.1% | 40th |
| Revenue CAGR, 3 yr | 9.4% | 20th |
| Revenue CAGR, 5 yr | 16.8% | 60th |
| Gross profit CAGR, 3 yr | n/a | |
| Operating income CAGR, 3 yr | 9.6% | 20th |
| Net income growth (TTM YoY) | 19.9% | 40th |
| Net income CAGR, 3 yr | 4.2% | 20th |
| EPS growth (TTM YoY) | 25.8% | 40th |
| EPS CAGR, 3 yr | 7.8% | 40th |
| EPS CAGR, 5 yr | 7.8% | 40th |
| FCF growth (TTM YoY) | n/a | |
| FCF CAGR, 3 yr | n/a | |
| Operating cash flow CAGR, 3 yr | n/a | |
| Book value CAGR, 3 yr | 5.6% | 20th |
| Dividend CAGR, 3 yr | 4.4% | 40th |
| Sustainable growth rate | 8.0% | 40th |
Margin history & stability
| Measure | BAC | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | n/a | |
| Operating margin, 3-yr average | 17.5% | 20th |
| Net margin, 3-yr average | 15.1% | 20th |
| FCF margin, 3-yr average | n/a | |
| Revenue stability (0-1) | 0.91 | 60th |
| Earnings stability (0-1) | 0.20 | 40th |
| Margin stability (0-1) | 0.71 | 40th |
Liquidity (latest quarter)
| Measure | BAC | Industry percentile |
|---|---|---|
| Cash & short-term investments | n/a | |
| Net cash (− = net debt) | n/a | |
| Working capital | n/a | |
| Current ratio | n/a | |
| Quick ratio | n/a | |
| Cash ratio (cash + ST investments / current liabilities) | n/a | |
| Defensive interval (days) | n/a |
Leverage & solvency (latest quarter)
| Measure | BAC | Industry percentile |
|---|---|---|
| Total debt | n/a | |
| Debt / equity | n/a | |
| Net debt / equity | n/a | |
| Debt / assets | n/a | |
| Debt / capital | n/a | |
| Debt / EBITDA | n/a | |
| Net debt / EBITDA | n/a | |
| Interest coverage (EBIT / interest) | n/a | |
| Cash interest coverage | n/a | |
| Debt payback (years of OCF) | n/a | |
| Liabilities / assets | 91.4% | 0th |
| IS credit model rating | BBB- | |
| Implied credit spread (bps) | 350 | 40th |
Efficiency
| Measure | BAC | Industry percentile |
|---|---|---|
| Asset turnover | n/a | |
| Fixed asset turnover | n/a | |
| Inventory turnover | n/a | |
| Receivables turnover | n/a | |
| Days sales outstanding | n/a | |
| Days inventory outstanding | n/a | |
| Days payables outstanding | n/a | |
| Cash conversion cycle (days) | n/a | |
| Capex / revenue | n/a | |
| Capex / depreciation | n/a | |
| Operating expense ratio | n/a |
Cash flow & earnings quality
| Measure | BAC | Industry percentile |
|---|---|---|
| Operating cash flow / net income | n/a | |
| FCF / net income | n/a | |
| FCF / operating cash flow | n/a | |
| Capex / operating cash flow | n/a | |
| Accruals ratio | n/a | |
| Sloan accruals ratio | n/a | |
| Earnings quality score (0-1) | n/a |
Scores & forensic checks
| Measure | BAC | Industry percentile |
|---|---|---|
| IS score | 55 | 100th |
| IS profitability | 57 | 40th |
| IS growth | 55 | 20th |
| IS value | 82 | 80th |
| IS momentum | 84 | 60th |
| IS risk (safety) | 50 | 0th |
| IS quality | 67 | 80th |
| IS balance sheet | 12 | 0th |
| IS earnings quality | 94 | 80th |
| IS cash flow | 77 | 100th |
| Piotroski F-score (0-9) | 8 | 80th |
| Altman Z-score | — | |
| Beneish M-score | — | |
| Ohlson O-score | −6.50 | 100th |
| IS credit score | 51 | 20th |
Size (TTM)
| Measure | BAC | Industry percentile |
|---|---|---|
| Market cap | $358.2B | 80th |
| Revenue | $195.2B | 80th |
| EBITDA | $46.3B | 80th |
| Net income | $33.7B | 80th |
| Free cash flow | n/a | |
| Total assets | $3.50T | 80th |
| Shareholders' equity | $301.1B | 80th |
| Employees | 211,000 | 60th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-09-15 | Moynihan Brian T Director, Chair and CEO |
Option exercise | 18,082 | — | — | 2,717,694 |
| 2026-09-15 | Moynihan Brian T Director, Chair and CEO |
Return to issuer | 18,082 | $59.52 | $1.1M | 2,699,612 |
| 2026-09-15 | Moynihan Brian T Director, Chair and CEO |
Option exercise | 18,082 | — | — | 90,415 |
| 2026-08-15 | Moynihan Brian T Director, Chair and CEO |
Option exercise | 18,083 | — | — | 2,717,695 |
| 2026-08-15 | Moynihan Brian T Director, Chair and CEO |
Return to issuer | 18,083 | $64.49 | $1.2M | 2,699,612 |
| 2026-08-15 | Moynihan Brian T Director, Chair and CEO |
Option exercise | 18,083 | — | — | 108,497 |
| 2026-07-15 | Moynihan Brian T Director, Chair and CEO |
Option exercise | 18,083 | — | — | 2,717,695 |
| 2026-07-15 | Moynihan Brian T Director, Chair and CEO |
Return to issuer | 18,083 | $61.59 | $1.1M | 2,699,612 |
| 2026-07-15 | Moynihan Brian T Director, Chair and CEO |
Option exercise | 18,083 | — | — | 126,580 |
| 2026-06-15 | Moynihan Brian T Director, Chair and CEO |
Option exercise | 18,083 | — | — | 2,717,695 |
| 2026-06-15 | Moynihan Brian T Director, Chair and CEO |
Return to issuer | 18,083 | $55.87 | $1.0M | 2,699,612 |
| 2026-06-15 | Moynihan Brian T Director, Chair and CEO |
Option exercise | 18,083 | — | — | 144,663 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 11 | 62,368 | — |
| Open-market sale | Disposed | 1 | 126,756 | $6.7M |
| Option exercise | Disposed | 5 | 90,414 | — |
| Option exercise | Acquired | 5 | 90,414 | — |
| Return to issuer | Disposed | 5 | 90,414 | $5.3M |
| Tax withholding | Disposed | 2 | 3,569 | $187,285 |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 23 trades (4 purchases) · Senate 0 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-09-09 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-10-09 |
| 2026-07-20 | James A. Himes | House | Sale | $1,001 - $15,000 | 2026-07-21 |
| 2026-07-20 | James A. Himes | House | Sale (Full) | $1,001 - $15,000 | 2026-07-21 |
| 2026-07-19 | James A. Himes | House | Sale (Full) | $1,001 - $15,000 | 2026-07-21 |
| 2025-07-21 | Angus King | Senate | Purchase | $1,001 - $15,000 | 2025-08-18 |
| 2025-07-21 | Angus King | Senate | Purchase | $1,001 - $15,000 | 2025-08-18 |
| 2025-07-21 | Angus Stanley King | Senate | Purchase | $1,001 - $15,000 | 2025-08-18 |
| 2025-07-21 | Angus King | Senate | Purchase | $1,001 - $15,000 | 2025-08-17 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 545,683,702 | $31.1B | 7.80% |
| VANGUARD CAPITAL MANAGEMENT LLC | 421,828,996 | $24.0B | 6.03% |
| STATE STREET CORP | 299,782,707 | $17.1B | 4.29% |
| FMR LLC | 189,182,396 | $10.8B | 2.71% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 172,341,501 | $9.8B | 2.46% |
| GEODE CAPITAL MANAGEMENT, LLC | 157,607,251 | $8.9B | 2.25% |
| JPMORGAN CHASE & CO | 128,045,006 | $7.4B | 1.83% |
| Capital World Investors | 115,849,982 | $6.6B | 1.66% |
| MORGAN STANLEY | 109,225,861 | $6.2B | 1.56% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 87,461,776 | $5.0B | 1.25% |
| NORGES BANK | 83,794,863 | $4.8B | 1.20% |
| FRANKLIN RESOURCES INC | 72,242,199 | $4.1B | 1.03% |
| Fisher Asset Management, LLC | 59,215,368 | $3.4B | 0.85% |
| Invesco Ltd. | 58,326,004 | $3.3B | 0.83% |
| AMERIPRISE FINANCIAL INC | 57,025,847 | $3.2B | 0.82% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 3,625 | 75.7% | 300 | 1,530 | 1,358 | 126 |
| 2026-03-31 | 3,495 | 74.6% | 194 | 1,372 | 1,540 | 260 |
| 2025-12-31 | 3,620 | 77.4% | 440 | 1,472 | 1,320 | 97 |
| 2025-09-30 | 3,368 | 76.4% | 223 | 1,398 | 1,312 | 122 |
| 2025-06-30 | 3,324 | 76.9% | 282 | 1,377 | 1,318 | 127 |
| 2025-03-31 | 3,216 | 77.8% | 163 | 1,313 | 1,377 | 169 |
| 2024-12-31 | 3,279 | 78.7% | 448 | 1,205 | 1,301 | 101 |
| 2024-09-30 | 2,990 | 77.6% | 190 | 1,147 | 1,299 | 129 |
| 2024-06-30 | 2,965 | 78.9% | 202 | 1,166 | 1,259 | 131 |
| 2024-03-31 | 2,935 | 78.8% | 236 | 1,109 | 1,273 | 124 |
| 2023-12-31 | 2,867 | 78.2% | 412 | 925 | 1,289 | 130 |
| 2023-09-30 | 2,629 | 77.1% | 152 | 1,000 | 1,188 | 143 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| None on file. | ||||
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.49% | $11.5B |
| VSMPX | 0.49% | $11.5B |
| VTI | 0.49% | $11.5B |
| VTSAX | 0.49% | $11.5B |
| VFIAX | 0.54% | $9.3B |
| VFFSX | 0.54% | $9.3B |
Share structure
Shares outstanding6,992,750,000
Float6,975,666,712
Free float99.8%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $93.9B | $115.1B | $171.9B | $192.4B | $191.6B |
| Cost of revenue | $144.0M | $22.6B | $77.7B | $96.4B | $84.1B |
| Gross profit | $93.7B | $92.4B | $94.2B | $96.1B | $107.4B |
| R&D | $0 | $0 | $0 | $0 | $0 |
| SG&A | $45.0B | $45.9B | $47.7B | $49.6B | $52.2B |
| Operating income | $34.0B | $31.0B | $28.3B | $29.3B | $37.7B |
| EBITDA | $35.9B | $32.9B | $30.4B | $31.4B | $40.0B |
| Pretax income | $34.0B | $31.0B | $28.3B | $29.3B | $37.7B |
| Income tax | $2.0B | $3.4B | $1.8B | $2.1B | $7.2B |
| Net income | $32.0B | $27.5B | $26.5B | $27.1B | $30.5B |
| EPS, diluted | $3.57 | $3.19 | $3.08 | $3.22 | $3.82 |
| Diluted shares | 8.6B | 8.2B | 8.1B | 7.8B | 7.5B |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $654.5B | $458.2B | $608.1B | $642.9B | $963.7B |
| Receivables | $87.0B | $81.1B | $96.7B | $97.9B | $103.4B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $741.6B | $539.4B | $704.8B | $740.8B | $1.07T |
| PP&E, net | $10.8B | $11.5B | $11.9B | $12.2B | $12.5B |
| Goodwill & intangibles | $69.0B | $69.0B | $69.0B | $69.0B | $69.0B |
| Total assets | $3.17T | $3.05T | $3.18T | $3.26T | $3.41T |
| Accounts payable | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $2.58T | $2.46T | $2.34T | $2.43T | $2.56T |
| Long-term debt | $280.1B | $276.0B | $302.2B | $283.3B | $317.8B |
| Total liabilities | $2.90T | $2.78T | $2.89T | $2.97T | $3.11T |
| Shareholders' equity | $270.1B | $273.2B | $291.6B | $295.6B | $303.2B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $32.0B | $27.5B | $26.5B | $27.1B | $30.5B |
| Depreciation & amortization | $1.9B | $2.0B | $2.1B | $2.2B | $2.3B |
| Stock-based compensation | $2.8B | $2.9B | $2.9B | $3.4B | $4.0B |
| Change in working capital | −$39.9B | −$51.9B | $2.7B | −$48.5B | $0 |
| Operating cash flow | −$7.2B | −$6.3B | $45.0B | −$8.8B | $12.6B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | −$7.2B | −$6.3B | $45.0B | −$8.8B | $12.6B |
| Investing cash flow | −$313.3B | −$2.5B | −$35.4B | −$90.7B | −$145.2B |
| Net debt issued / repaid | $34.3B | $35.0B | $26.0B | −$1.2B | $0 |
| Buybacks | −$25.1B | −$5.1B | −$4.6B | −$18.4B | −$21.4B |
| Dividends paid | −$8.1B | −$8.6B | −$9.1B | −$9.5B | −$9.6B |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 99.8% | 80.3% | 54.8% | 49.9% | 56.1% |
| Operating margin | 36.2% | 26.9% | 16.5% | 15.2% | 19.7% |
| Net margin | 34.1% | 23.9% | 15.4% | 14.1% | 15.9% |
| FCF margin | -7.7% | -5.5% | 26.2% | -4.6% | 6.6% |
| ROE | 11.8% | 10.1% | 9.4% | 9.2% | 10.2% |
| ROIC | 28.6% | 8.8% | 8.8% | 8.7% | -10.4% |
| ROA | 1.1% | 0.9% | 0.9% | 0.8% | 0.9% |
| Debt / equity | 1.84 | 1.82 | 2.12 | 2.23 | 1.21 |
| Interest coverage | 7.2x | 1.5x | 0.4x | 0.3x | 0.5x |
| Current ratio | 0.29 | 0.22 | 0.30 | 0.30 | 0.42 |
| Revenue growth | +0.1% | +22.6% | +49.4% | +11.9% | −0.5% |
| EPS growth | +89.0% | −12.3% | −2.6% | +5.2% | +16.9% |
| P/E at year end | 10.4x | 9.1x | 9.8x | 12.4x | 13.6x |
| EV / EBITDA at year end | 4.9x | 8.8x | 8.8x | 11.2x | n/m |
| FCF yield at year end | -2.16% | -2.53% | 17.39% | -2.61% | 3.04% |
| Dividend payout | 25.2% | 31.2% | 34.3% | 35.0% | 31.3% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Loans and Leases | $29.3B | $37.9B | $57.1B | $62.0B | — |
| Consumer Banking Segment | — | — | — | — | $43.7B |
| other interest income | $2.3B | $7.4B | $25.5B | $28.3B | — |
| Debt securities | $12.4B | $17.1B | $20.2B | $26.0B | — |
| Global Wealth and Investment Management Segment | — | — | — | — | $24.9B |
| Global Banking Segment | — | — | — | — | $24.1B |
| Global Markets Segment | — | — | — | — | $24.1B |
| Federal funds sold and securities borrowed or purchased under agreements to resell | −$90.0M | $4.6B | $18.7B | $19.9B | — |
| Investment And Brokerage Services | $16.7B | $15.9B | $15.6B | $17.8B | — |
| Market making and similar activities | $8.7B | $12.1B | $12.7B | $13.0B | — |
| Trading account assets | $3.8B | $5.5B | $8.8B | $10.4B | — |
| Investment Banking Fees | $8.9B | $4.8B | $4.7B | $6.2B | — |
| Service Charges | $7.5B | $6.4B | $5.7B | $6.1B | — |
| Card income | $6.2B | $6.1B | $6.1B | $6.3B | — |
| other income | −$1.8B | −$2.8B | −$3.1B | −$3.4B | — |
Revenue by region · FY2025
UNITED STATES$97.7B · 76%
Non-US$15.4B · 12%
EMEA$7.6B · 6%
Asia$6.0B · 5%
Latin America$1.8B · 1%
Street estimates by fiscal year
Next report 2027-01-15 · consensus EPS $1.14 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $122.8B | $121.7B – $124.8B | $4.45 | $4.33 – $4.79 | 16 | 11.5x |
| 2027 | $130.5B | $127.2B – $134.0B | $5.16 | $4.99 – $5.39 | 16 | 9.9x |
| 2028 | $136.6B | $132.3B – $140.7B | $5.82 | $5.54 – $6.08 | 11 | 8.8x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-10-14 | $1.10 | $1.08 | −1.8% | $30.6B | $30.0B | −1.9% |
| 2026-07-14 | $1.13 | $1.21 | +7.1% | $30.8B | $31.6B | +2.5% |
| 2026-04-15 | $1.01 | $1.11 | +9.9% | $29.9B | $30.3B | +1.1% |
| 2026-01-14 | $0.96 | $0.98 | +2.3% | $27.8B | $28.4B | +2.2% |
| 2025-10-15 | $0.95 | $1.06 | +11.3% | $27.5B | $28.1B | +2.1% |
| 2025-07-16 | $0.86 | $0.89 | +3.5% | $26.7B | $26.5B | −1.0% |
| 2025-04-15 | $0.82 | $0.90 | +10.2% | $27.0B | $27.4B | +1.4% |
| 2025-01-16 | $0.78 | $0.82 | +5.1% | $25.1B | $25.3B | +0.9% |
| 2024-10-15 | $0.77 | $0.81 | +5.2% | $25.3B | $25.3B | +0.4% |
| 2024-07-16 | $0.80 | $0.83 | +3.7% | $25.2B | $25.4B | +0.6% |
| 2024-04-16 | $0.76 | $0.83 | +9.2% | $25.5B | $25.8B | +1.3% |
| 2024-01-12 | $0.69 | $0.70 | +1.4% | $22.9B | $22.0B | −4.1% |
| 2023-10-17 | $0.82 | $0.90 | +9.8% | $25.1B | $25.2B | +0.1% |
| 2023-07-18 | $0.84 | $0.88 | +4.8% | $25.0B | $25.2B | +0.6% |
| 2023-04-18 | $0.82 | $0.94 | +14.6% | $25.1B | $26.3B | +4.5% |
| 2023-01-13 | $0.77 | $0.85 | +10.4% | $24.2B | $24.5B | +1.5% |
| 2022-10-17 | $0.77 | $0.81 | +5.2% | $23.5B | $24.5B | +4.2% |
| 2022-07-18 | $0.75 | $0.78 | +4.0% | $22.7B | $22.7B | −0.0% |
| 2022-04-18 | $0.75 | $0.80 | +6.7% | $23.1B | $23.2B | +0.4% |
| 2022-01-19 | $0.76 | $0.82 | +7.9% | $23.6B | $23.2B | −1.5% |
| 2021-10-14 | $0.71 | $0.85 | +19.7% | $21.6B | $22.8B | +5.4% |
| 2021-07-14 | $0.77 | $0.80 | +3.9% | $22.1B | $22.6B | +2.5% |
| 2021-04-15 | $0.66 | $0.86 | +30.3% | $15.9B | $22.8B | +43.5% |
| 2021-01-19 | $0.55 | $0.59 | +7.3% | $19.2B | $20.1B | +4.8% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $1.2B | 19,804,521 | 196,475 |
| 2026-08-24 | $1.4B | 22,935,205 | 223,047 |
| 2026-08-17 | $1.6B | 24,671,729 | 233,756 |
| 2026-08-10 | $1.3B | 20,487,616 | 210,362 |
| 2026-08-03 | $1.4B | 21,890,867 | 195,398 |
| 2026-07-27 | $1.5B | 23,633,817 | 234,453 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 27.9% | 5,063,075 | 18,120,997 |
| 2026-10-14 | 37.7% | 16,690,685 | 44,321,081 |
| 2026-10-13 | 33.2% | 5,013,701 | 15,103,737 |
| 2026-10-12 | 34.3% | 3,023,374 | 8,825,040 |
| 2026-10-09 | 27.6% | 2,775,711 | 10,047,835 |
| 2026-10-08 | 15.6% | 3,621,953 | 23,226,579 |
| 2026-10-07 | 36.8% | 4,022,603 | 10,926,536 |
| 2026-10-06 | 36.7% | 3,301,461 | 9,004,307 |
| 2026-10-05 | 40.6% | 4,172,256 | 10,288,977 |
| 2026-10-02 | 29.9% | 3,581,353 | 11,979,151 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | −2.2% | 45% | 20 |
| Feb | −2.3% | 40% | 20 |
| Mar | +2.9% | 43% | 21 |
| Apr | +1.0% | 55% | 20 |
| May | +0.4% | 55% | 20 |
| Jun | −0.8% | 45% | 20 |
| Jul | +4.2% | 65% | 20 |
| Aug | +0.6% | 50% | 20 |
| Sep | −0.2% | 50% | 20 |
| Oct | +1.2% | 65% | 20 |
| Nov | +2.8% | 75% | 20 |
| Dec | +2.1% | 60% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1423.9
MFI39.1
ADX48.6
Stochastic %K / %D30.8 / 34.5
Williams %R-68.8
CCI-128
TSI / signal-47.9 / -43.9
Chaikin money flow0.07
ATR$1.32
Bollinger width12.4%
Volume vs 20-day avg1.15x
SupertrendDown
Moving averages and bands
level (price vs level)SMA 20$54.38 (−5.8%)
SMA 50$59.00 (−13.2%)
SMA 200$55.15 (−7.1%)
EMA 21$54.68 (−6.3%)
EMA 50$57.04 (−10.2%)
EMA 200$55.55 (−7.8%)
Bollinger upper$57.76 (−11.3%)
Bollinger lower$51.00 (+0.5%)
Parabolic SAR$54.71 (−6.4%)
Open the live chart, 110+ indicatorsAbout Bank of America Corporation
Operating globally through its various subsidiaries, Bank of America Corporation offers a comprehensive range of banking and financial products and services. Its extensive clientele includes individual consumers, small and mid-market businesses, institutional investors, large corporations, and government bodies worldwide. The Consumer Banking division provides diverse options such as traditional and money market savings accounts, certificates of deposit, individual retirement accounts (IRAs), and both interest-bearing and non-interest-bearing checking accounts, in addition to investment products. This segment also issues credit and debit cards, originates residential mortgages and home equity loans, and offers direct and indirect financing for needs like automotive purchases, recreational vehicles, and personal loans. Within its Global Wealth & Investment Management segment, the company delivers investment management, brokerage, banking, and trust and retirement solutions. It also crafts tailored wealth management strategies, including specialized asset management services. The Global Banking segment furnishes a broad spectrum of lending products, including commercial loans, leases, commitment facilities, trade finance, and both commercial real estate and asset-based lending. Furthermore, it provides treasury solutions such as cash management, foreign exchange, short-term investment options, and merchant services, alongside working capital management guidance. This segment also engages in debt and equity underwriting, distribution, and advisory services related to mergers and acquisitions. Through its Global Markets segment, Bank of America performs market-making activities, offers financing, and provides securities clearing, settlement, and custody services. It also devises risk management products employing interest rate, equity, credit, currency, and commodity derivatives, as well as foreign exchange, fixed-income, and mortgage-related instruments. As of December 31, 2021, the corporation served approximately 67 million consumer and small business clients. Its widespread infrastructure comprised around 4,200 retail financial centers and approximately 16,000 ATMs, supplemented by digital banking platforms utilized by roughly 41 million active users. Founded in 1784, Bank of America is headquartered in Charlotte, North Carolina.
https://www.bankofamerica.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Dean C. Athanasia | Co-President | $8.6M | 1967 |
| James DeMare | Co-President | $8.6M | 1970 |
| Matthew Koder | President of Global Corporate & Investment Banking | $7.3M | 1972 |
| Alastair Borthwick | Executive Vice President & Chief Financial Officer | $6.8M | 1969 |
| Brian Thomas Moynihan | Chairman & Chief Executive Officer | $2.1M | 1959 |
| Hari Gopalkrishnan | Chief Technology & Information Officer | — | 1969 |
| Johnbull E. Okpara | Chief Accounting Officer | — | 1972 |
| Lauren A. Mogensen | Global General Counsel | — | 1963 |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| None on file. | |||||
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-09-04 | $0.32 | 2026-09-25 |
| 2026-06-05 | $0.28 | 2026-06-26 |
| 2026-03-06 | $0.28 | 2026-03-27 |
| 2025-12-05 | $0.28 | 2025-12-26 |
| 2025-09-05 | $0.28 | 2025-09-26 |
| 2025-06-06 | $0.26 | 2025-06-27 |
| 2025-03-07 | $0.26 | 2025-03-28 |
| 2024-12-06 | $0.26 | 2024-12-27 |
Moat model
Weak · Efficient Scale · 2026-06-30Cost advantage31
Intangibles55
Switching costs49
Network effect65
Efficient scale75
Our component scores (0-100) and overall 53.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17