Tearsheet

Bank of America (BAC)

Market Price (10/21/2025): $52.09 | Market Cap: $399.9 Bil
Sector: Financials | Industry: Diversified Banks

Bank of America (BAC)

Market Price (10/21/2025): $52.09
Market Cap: $399.9 Bil
Sector: Financials
Industry: Diversified Banks

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%	Trading close to highs Dist 52W High is -0.7%, Dist 3Y High is -0.7%	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 88x
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -78%	Weak multi-year price returns 3Y Excs Rtn is -5.7%
2	Attractive cash flow generation CFO LTM is 4.6 Bil, FCF LTM is 4.6 Bil
3	Low stock price volatility Vol 12M is 28%
4	Capital ratio is >2x the minimum of 6% Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -78%
2	Attractive cash flow generation CFO LTM is 4.6 Bil, FCF LTM is 4.6 Bil
3	Low stock price volatility Vol 12M is 28%
4	Capital ratio is >2x the minimum of 6% Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%
5	Trading close to highs Dist 52W High is -0.7%, Dist 3Y High is -0.7%
6	Weak multi-year price returns 3Y Excs Rtn is -5.7%
7	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 88x

Market Valuation & Key Metrics

Valuation
Key Metrics

	10/21/25	2024	2023	2022	2021
Share Price CYE	$52.09	$43.18	$32.26	$30.77	$40.40
Market Cap CYE ($ Bil)	399.9	334.1	257.8	248.9	332.2
Total Debt ($ Bil)	345.6	326.7	334.3	302.9	303.9
Total Cash ($ Bil)	280.9	296.5	341.4	237.5	355.4
Enterprise Value ($ Bil)	464.7	660.8	592.1	551.8	636.1
Valuation Ratios
P/S TTM	3.9	3.4	2.7	2.8	4.2
P/EBIT TTM	0.0	0.0	0.0	0.0	0.0
P/E TTM	14.4	12.7	10.2	9.8	11.8
Sector Ratios
P/S TTM (Sector)	3.0	3.1	2.8	2.8	3.3
P/EBIT TTM (Sector)	6.9	6.9	7.0	6.2	6.8
P/E TTM (Sector)	11.8	11.6	10.1	9.3	9.9

	10/21/25	2024	2023
Share Price CYE	$52.09	$43.18	$32.26
Market Cap CYE ($ Bil)	399.9	334.1	257.8
Total Debt ($ Bil)	345.6	326.7	334.3
Total Cash ($ Bil)	280.9	296.5	341.4
Enterprise Value ($ Bil)	464.7	660.8	592.1
Valuation Ratios
P/S TTM	3.9	3.4	2.7
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	14.4	12.7	10.2
Sector Ratios
P/S TTM (Sector)	3.0	3.1	2.8
P/EBIT TTM (Sector)	6.9	6.9	7.0
P/E TTM (Sector)	11.8	11.6	10.1

	BAC	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	103.4
Rev Chg Q	6.0%	6.1%
Rev Chg LTM	5.4%	5.2%
Rev Chg 3Y Avg	5.0%	5.4%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	�
CFO LTM ($ Bil)	4.5
CFO/Rev LTM	4.4%	20.4%
Net Inc LTM ($ Bil)	27.9
Net Inc Mgn	26.9%	12.7%
VALUATION	LOW
P/S	3.9	3.2
P/CFO	87.9	15.9
P/FCF	87.9	20.7
P/E	14.4	24.0

BAC Stock

Return (1M):

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BAC Return	-12%	50%	-24%	5%	34%	21%	68%
Peers Return	-9%	32%	-15%	18%	38%	25%	106%
S&P 500 Return	16%	27%	-19%	24%	23%	15%	106%
Monthly Win Rates [3]
BAC Win Rate	50%	67%	42%	50%	75%	56%
Peers Win Rate	50%	62%	43%	53%	58%	64%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
BAC Max Drawdown	-48%	-2%	-32%	-22%	-6%	-21%
Peers Max Drawdown	-51%	-4%	-28%	-16%	-6%	-17%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, WFC, MS, C, USB. See BAC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/20/2025 (YTD)

Downturns Compared

Unique Key	Event	BAC	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-49.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	96.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	665 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-49.3%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	97.1%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	338 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-30.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	44.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	318 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-94.0%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	1578.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	Not Fully Recovered days	1480 days

How Low Can It Go?

Bank of America's stock fell -49.0% during the 2022 Inflation Shock from a high on 2/8/2022. A -49.0% loss requires a 96.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Interactive Breakdown

Bank of America Interactive Breakdown Analysis

Better Bets than Bank of America (BAC)

	BAC	Better Performance than BAC
Metric	Value	Industry (Diversified Banks)
Rev Chg LTM	5.4%	JPM (8.2%), HSBC (6.9%), RY (16.4%), C (6.3%), TD (10.1%)
Rev Chg 3Y Avg	5.0%	JPM (13.5%), HSBC (8.3%), RY (9.9%), TD (10.6%), UBS (9.7%)
CFO/Rev LTM	4.4%	RY (135.4%), TD (32.4%), UBS (27.1%), BMO (12.8%), BNS (52.2%)
FCF/Rev LTM	4.4%	RY (131.7%), TD (28.7%), UBS (22.3%), BMO (8.1%), BNS (51.3%)
Total Yield	7.0%	WFC (9.3%), HSBC (8.2%), RY (9.3%), C (7.7%), TD (15.2%)

	BAC	Better Performance than BAC
Metric	Value	Sector (Financials)
Rev Chg LTM	5.4%	JPM (8.2%), V (11.4%), MA (13.1%), MS (16.7%), AXP (9.1%)
Rev Chg 3Y Avg	5.0%	JPM (13.5%), V (11.5%), MA (13.5%), AXP (11.6%), HSBC (8.3%)
CFO/Rev LTM	4.4%	V (60.4%), MA (53.3%), AXP (30.0%), RY (135.4%), BLK (19.6%)
FCF/Rev LTM	4.4%	V (56.8%), MA (49.2%), AXP (26.9%), RY (131.7%), BLK (18.0%)
Total Yield	7.0%	WFC (9.3%), HSBC (8.2%), RY (9.3%), C (7.7%), TD (15.2%)

	BAC	Better Performance than BAC
Metric	Value	All Other Sectors
Rev Chg LTM	5.4%	NVDA (71.6%), AAPL (6.0%), MSFT (14.9%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg	5.0%	NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
CFO/Rev LTM	4.4%	NVDA (46.6%), AAPL (26.6%), MSFT (48.3%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM	4.4%	NVDA (43.6%), AAPL (23.5%), MSFT (25.4%), GOOGL (18.0%), META (30.7%)
Total Yield	7.0%	XOM (9.9%), JNJ (7.5%), BABA (36.3%), UNH (8.8%), KO (7.0%)

		Best Bets In Financials Sector
	BAC	DBRG	OTF	MTG	NMIH	ENVA	ACGL	APAM	EEFT	CNO	KMPR
What You Pay
P/E	14.3	40.3	13.2	8.4	7.5	10.8	8.7	10.6	11.1	13.9	9.2
P/EBIT	�	65.7	9.1	6.4	5.5	8.0	7.7	6.1	6.7	6.4	6.8
What You Get
Rev Chg Q	6.0%	-102.4%	1,228.5%	-0.3%	7.2%	21.6%	22.4%	4.4%	8.9%	8.0%	7.8%
Rev Chg LTM	5.4%	-84.8%	89.0%	3.3%	10.0%	23.4%	23.5%	10.0%	8.7%	1.0%	2.6%
Rev Chg 3Y Avg	5.0%	125.8%	221.9%	1.2%	10.1%	25.7%	29.8%	0.2%	9.1%	5.5%	-4.7%
FCF/Rev 3Y Avg	24.8%	101.2%	76.2%	59.8%	58.8%	54.0%	38.4%	29.0%	15.9%	14.4%	2.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 21%, alpha of 9.1%, and sharpe of 0.94

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Bank of America Stock Rallied 5.4% - Have You Assessed the Risk	Return
2	BAC Dip Buy Analysis
3	Day 6 of Gains Streak for Bank of America Stock with 7.3% Return (vs. 9.3% YTD) [6/26/2025]
4	Bank of America Total Shareholder Return (TSR): 33.9% in 2024 and 2.2% 3-yr compounded annual returns (below peer average)
5	Bank of America (BAC) Operating Cash Flow Comparison	Financials
6	Bank of America (BAC) Net Income Comparison	Financials
7	Bank of America (BAC) worth $334 Bil (down $-60 Bil), still more valuable than Salesforce	Notification
8	Bank of America vs. S&P500 Correlation	Correlation
9	Bank of America Price Volatility	Volatility
10	Fundamental Metrics: ...
11	ARTICLES
12	Large Cap Stocks Trading At 52-Week High		September 22nd, 2025
13	Large Cap Stocks Trading At 52-Week High		August 30th, 2025
14	Large Cap Stocks Trading At 52-Week High		August 26th, 2025
15	S&P 500 Stocks Trading At 52-Week High		August 22nd, 2025
16	How Will Bank of America Stock React To Its Upcoming Earnings?		July 7th, 2025

	Title
0	DASHBOARDS
1	Large Cap Stocks Trading At 52-Week High
2	Large Cap Stocks Trading At 52-Week High
3	Large Cap Stocks Trading At 52-Week High
4	S&P 500 Stocks Trading At 52-Week High
5	How Will Bank of America Stock React To Its Upcoming Earnings?
6	ARTICLES
7	Bank of America Stock Rallied 5.4% - Have You Assessed the Risk
8	BAC Dip Buy Analysis
9	Day 6 of Gains Streak for Bank of America Stock with 7.3% Return (vs. 9.3% YTD) [6/26/2025]
10	Bank of America Total Shareholder Return (TSR): 33.9% in 2024 and 2.2% 3-yr compounded annual returns (below peer average)
11	Bank of America (BAC) Operating Cash Flow Comparison
12	Bank of America (BAC) Net Income Comparison
13	Bank of America (BAC) worth $334 Bil (down $-60 Bil), still more valuable than Salesforce
14	Bank of America vs. S&P500 Correlation
15	Bank of America Price Volatility
16	Fundamental Metrics: ...

Trade Ideas

Select past ideas related to BAC. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield	09302025	HLNE	Hamilton Lane	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-12.4%	-12.4%	-12.7%
CNS_9302025_Dip_Buyer_ValueBuy	09302025	CNS	Cohen & Steers	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	6.1%	6.1%	-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper	09262025	JKHY	Jack Henry & Associates	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.4%	2.4%	-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper	09192025	FDS	FactSet Research Systems	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-0.9%	-0.9%	-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%	09052025	IBKR	Interactive Brokers	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	10.1%	10.1%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield	09302025	HLNE	Hamilton Lane	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-12.4%	-12.4%	-12.7%
CNS_9302025_Dip_Buyer_ValueBuy	09302025	CNS	Cohen & Steers	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	6.1%	6.1%	-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper	09262025	JKHY	Jack Henry & Associates	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.4%	2.4%	-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper	09192025	FDS	FactSet Research Systems	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-0.9%	-0.9%	-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%	09052025	IBKR	Interactive Brokers	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	10.1%	10.1%	0.0%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	CELC	Celcuity	35.8%	439.2%
2	BETR	Better Home & Finance	28.5%	812.4%
3	KOD	Kodiak Sciences	25.5%	77.9%
4	CLF	Cleveland-Cliffs	21.5%	72.1%
5	UAMY	United States Antimony	20.0%	658.8%
6	CRMD	Cormedix	19.4%	50.1%
7	PMI	Picard Medical	19.2%	18312.7%
8	BEAM	Beam Therapeutics	17.9%	23.5%
9	GRAL	GRAIL	17.8%	414.6%
10	NUTX	Nutex Health	17.0%	250.3%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	OLMA	Olema Pharmaceuticals	-17.0%	33.3%
2	VSTM	Verastem	-13.0%	55.1%
3	EXEL	Exelixis	-12.0%	3.7%
4	BCAX	Bicara Therapeutics	-10.9%	-6.7%
5	QBTS	D-Wave Quantum	-10.3%	309.5%
6	GKOS	Glaukos	-8.8%	-47.0%
7	PRAX	Praxis Precision Medicines	-7.9%	127.5%
8	CBRL	Cracker Barrel Old Country Store	-7.5%	-29.2%
9	CRWV	CoreWeave	-7.2%
10	ELF	e.l.f. Beauty	-6.9%	1.5%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	234.5%	127.5%
2	NVTS	Navitas Semiconductor	71.5%	379.0%
3	BETR	Better Home & Finance	60.2%	812.4%
4	KOD	Kodiak Sciences	52.6%	77.9%
5	CELC	Celcuity	48.9%	439.2%
6	SSII	SS Innovations International	47.6%	26.5%
7	CCO	Clear Channel Outdoor	44.6%	37.2%
8	GRAL	GRAIL	30.4%	414.6%
9	LBRT	Liberty Energy	28.9%	-18.7%
10	SANA	Sana Biotechnology	28.0%	241.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	SOC	Sable Offshore	-31.3%	-44.1%
2	ONDS	Ondas	-28.1%	203.5%
3	OLMA	Olema Pharmaceuticals	-27.7%	33.3%
4	IONQ	IonQ	-27.0%	43.5%
5	AIV	Apartment Investment & Management	-26.6%	-7.0%
6	RCAT	Red Cat	-24.8%	-10.0%
7	MNPR	Monopar Therapeutics	-24.4%	250.7%
8	LAR	Lithium Argentina	-23.1%
9	ASPI	ASP Isotopes	-23.0%	126.5%
10	ALAB	Astera Labs	-21.7%	18.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	WOLF	Wolfspeed	1245.3%	350.5%
2	QURE	uniQure	360.9%	261.9%
3	PRAX	Praxis Precision Medicines	314.7%	127.5%
4	NVTS	Navitas Semiconductor	143.9%	379.0%
5	CLPT	ClearPoint Neuro	143.9%	77.6%
6	BETR	Better Home & Finance	138.8%	812.4%
7	GRAL	GRAIL	120.5%	414.6%
8	LAC	Lithium Americas	114.8%	135.0%
9	SES	SES AI	107.0%	49.3%
10	UAMY	United States Antimony	106.9%	658.8%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	SOC	Sable Offshore	-45.7%	-44.1%
2	FLY	Firefly Aerospace	-40.0%
3	ALAB	Astera Labs	-36.3%	18.0%
4	UP	Wheels Up Experience	-36.0%	-3.0%
5	PGY	Pagaya Technologies	-31.7%	211.2%
6	KVYO	Klaviyo	-30.9%	-41.0%
7	USNA	Usana Health Sciences	-30.5%	-42.4%
8	VG	Venture Global	-29.9%
9	DOMO	Domo	-28.4%	82.6%
10	MGNI	Magnite	-28.0%	17.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	CELC	Celcuity	35.8%	439.2%
2	BETR	Better Home & Finance	28.5%	812.4%
3	KOD	Kodiak Sciences	25.5%	77.9%
4	CLF	Cleveland-Cliffs	21.5%	72.1%
5	UAMY	United States Antimony	20.0%	658.8%
6	CRMD	Cormedix	19.4%	50.1%
7	PMI	Picard Medical	19.2%	18312.7%
8	BEAM	Beam Therapeutics	17.9%	23.5%
9	GRAL	GRAIL	17.8%	414.6%
10	NUTX	Nutex Health	17.0%	250.3%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	OLMA	Olema Pharmaceuticals	-17.0%	33.3%
2	VSTM	Verastem	-13.0%	55.1%
3	EXEL	Exelixis	-12.0%	3.7%
4	BCAX	Bicara Therapeutics	-10.9%	-6.7%
5	QBTS	D-Wave Quantum	-10.3%	309.5%
6	GKOS	Glaukos	-8.8%	-47.0%
7	PRAX	Praxis Precision Medicines	-7.9%	127.5%
8	CBRL	Cracker Barrel Old Country Store	-7.5%	-29.2%
9	CRWV	CoreWeave	-7.2%
10	ELF	e.l.f. Beauty	-6.9%	1.5%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	234.5%	127.5%
2	NVTS	Navitas Semiconductor	71.5%	379.0%
3	BETR	Better Home & Finance	60.2%	812.4%
4	KOD	Kodiak Sciences	52.6%	77.9%
5	CELC	Celcuity	48.9%	439.2%
6	SSII	SS Innovations International	47.6%	26.5%
7	CCO	Clear Channel Outdoor	44.6%	37.2%
8	GRAL	GRAIL	30.4%	414.6%
9	LBRT	Liberty Energy	28.9%	-18.7%
10	SANA	Sana Biotechnology	28.0%	241.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	SOC	Sable Offshore	-31.3%	-44.1%
2	ONDS	Ondas	-28.1%	203.5%
3	OLMA	Olema Pharmaceuticals	-27.7%	33.3%
4	IONQ	IonQ	-27.0%	43.5%
5	AIV	Apartment Investment & Management	-26.6%	-7.0%
6	RCAT	Red Cat	-24.8%	-10.0%
7	MNPR	Monopar Therapeutics	-24.4%	250.7%
8	LAR	Lithium Argentina	-23.1%
9	ASPI	ASP Isotopes	-23.0%	126.5%
10	ALAB	Astera Labs	-21.7%	18.0%

Peer Comparisons for Bank of America

Financials

	BAC	JPM	WFC	MS	C	USB	Median
Name	Bank of .	JPMorgan.	Wells Fa.	Morgan S.	Citigroup	U.S. Ban.
Mkt Price	52.04	302.36	86.02	161.97	99.30	47.10	92.66
Mkt Cap	399.6	843.2	278.1	255.4	184.3	73.4	266.8
Rev LTM	103,435	175,656	81,462	61,503	83,113	27,715	82,288
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	4,550	-148,615	-9,143	-20,941	-93,686	7,484	-15,042
FCF 3Y Avg	24,365	-56,104	13,467	-25,282	-65,690	10,620	-7,331
CFO LTM	4,550	-148,615	-9,143	-17,670	-87,165	7,484	-13,406
CFO 3Y Avg	24,365	-56,104	13,467	-21,957	-59,182	10,620	-5,669

Growth & Margins

	BAC	JPM	WFC	MS	C	USB	Median
Name	Bank of .	JPMorgan.	Wells Fa.	Morgan S.	Citigroup	U.S. Ban.
Rev Chg LTM	5.4%	8.2%	-1.7%	16.7%	6.3%	1.7%	5.8%
Rev Chg 3Y Avg	5.0%	13.5%	2.8%	5.0%	4.3%	6.5%	5.0%
Rev Chg Q	6.0%	6.7%	-0.6%	11.3%	8.1%	2.0%	6.3%
QoQ Delta Rev Chg LTM	1.5%	1.6%	-0.1%	2.6%	2.0%	0.5%	1.6%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	4.4%	-84.6%	-11.2%	-28.7%	-104.9%	27.0%	-20.0%
CFO/Rev 3Y Avg	24.8%	-32.5%	16.4%	-41.3%	-74.6%	39.0%	-8.0%
FCF/Rev LTM	4.4%	-84.6%	-11.2%	-34.0%	-112.7%	27.0%	-22.6%
FCF/Rev 3Y Avg	24.8%	-32.5%	16.4%	-47.4%	-82.8%	39.0%	-8.0%

Valuation

	BAC	JPM	WFC	MS	C	USB	Median
Name	Bank of .	JPMorgan.	Wells Fa.	Morgan S.	Citigroup	U.S. Ban.
Mkt Cap	399.6	843.2	278.1	255.4	184.3	73.4	266.8
P/S	3.9	4.8	3.4	4.2	2.2	2.6	3.6
P/EBIT	-	-	-	-	-	-	-
P/E	14.3	14.9	13.5	17.3	13.0	10.6	13.9
P/CFO	87.8	-5.7	-30.4	-14.5	-2.1	9.8	-3.9
Total Yield	7.0%	6.7%	9.3%	5.8%	7.7%	13.7%	7.3%
Dividend Yield	0.0%	0.0%	1.9%	0.0%	0.0%	4.3%	0.0%
FCF Yield 3Y Avg	8.7%	-7.4%	8.1%	-16.0%	-56.0%	18.4%	0.3%
D/E	0.9	0.6	0.8	1.4	2.0	1.1	1.0
Net D/E	-0.8	-0.5	-0.6	1.0	-1.0	-0.9	-0.7

Returns

	BAC	JPM	WFC	MS	C	USB	Median
Name	Bank of .	JPMorgan.	Wells Fa.	Morgan S.	Citigroup	U.S. Ban.
1M Rtn	-0.4%	-3.5%	1.6%	1.3%	-3.3%	-5.6%	-1.8%
3M Rtn	10.2%	4.4%	7.8%	16.1%	7.9%	4.0%	7.8%
6M Rtn	42.6%	33.3%	35.9%	54.7%	60.7%	27.3%	39.2%
12M Rtn	25.9%	37.0%	36.6%	37.8%	62.8%	0.1%	36.8%
3Y Rtn	61.2%	166.3%	107.8%	127.1%	151.6%	34.3%	117.4%
1M Excs Rtn	-1.5%	-4.5%	0.6%	0.2%	-4.4%	-6.6%	-2.9%
3M Excs Rtn	2.8%	-2.5%	-1.7%	9.7%	-0.4%	-3.6%	-1.1%
6M Excs Rtn	12.0%	2.8%	5.3%	24.1%	30.1%	-3.3%	8.7%
12M Excs Rtn	9.2%	22.8%	22.4%	24.3%	44.0%	-15.3%	22.6%
3Y Excs Rtn	-5.7%	114.1%	36.3%	43.3%	75.8%	-52.0%	39.8%

Comparison Analyses

	Title
0	Bank of America Or Fairly Valued Stocks: Which Is A Better Investment? 6/3/2021
1	Bank of America Or Slow Growing Stocks: Which Is A Better Investment? 6/3/2021
2	Bank of America Or High Dividend Yield Stocks: Which Is A Better Investment? 6/3/2021
3	Bank of America Or Large Cap Stocks: Which Is A Better Investment? 6/3/2021
4	Bank of America Or Highly Profitable Stocks: Which Is A Better Investment? 6/3/2021
5	Bank of America vs Mastercard: Which Stock Is A Better Investment?
6	Bank of America vs Procter & Gamble: Which Stock Is A Better Investment?
7	Bank of America vs Verizon: Which Stock Is A Better Investment?
8	Bank of America vs Facebook: Which Stock Is A Better Investment?
9	Bank of America vs UnitedHealth Group: Which Stock Is A Better Investment?

FDIC Bank Data

Bank Capital

FDIC Data As Of	3312025
CAPITAL
Equity Total Capital ($ Bil)	247
Tier 1 (Core) Capital ($ Bil)	194
ASSETS
Total Assets ($ Bil)	2,615
Adjusted Average Assets ($ Bil)	2,545
Risk Weighted Assets Adjusted ($ Bil)	1,450
LEVERAGE RATIOS
Tier 1 Capital / Total Assets Ratio	7.4%
Tier 1 Capital / Adjusted Avg Assets Ratio	7.6%
Tier 1 Capital / Risk Wtd Assets Ratio	13.4%

Bank Deposits

FDIC Data As Of	3312025
DEPOSITS
Total Deposits ($ Bil)	2,072
Uninsured Deposits ($ Bil)	822
Uninsured Deposits Ratio %	39.7%

Bank Assets

FDIC Data As Of	3312025
ASSETS
Cash Balance ($ Bil)	255
Securities ($ Bil)	908
Net Loans ($ Bil)	1,095
Trading Assets ($ Bil)	126
Bank Premises Assets ($ Bil)	19
Other Real Estate Owned ($ Bil)	0
Goodwill & Intangibles ($ Bil)	58
Other Assets ($ Bil)	120
Total Assets (Sum) ($ Bil)	2,582
Total Assets (Reported) ($ Bil)	2,615
Risk Weighted Assets ($ Bil)	1,450
SECURITIES DETAILS
US Govt Securities ($ Bil)	860
Equity Securities Not Held for Trading ($ Bil)	0
Total Debt Securities ($ Bil)	907
Mortgage-Backed Securities ($ Bil)	499
SECURITIES VALUATION
Securities Held to Maturity (Book Value) ($ Bil)	551
Securities Available for Sale (Fair Market) ($ Bil)	357

Bank Loans

[valid:true, table:

FDIC Data As Of	3312025
LOAN DETAILS
All Real Estate Loans ($ Bil)	333
Farm Loans ($ Bil)	3
Commercial and Industrial Loans ($ Bil)	297
Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)	149
Commercial Real Estate Loans not Secured by Real Estate ($ Bil)	29
Commercial Real Estate Owner-Occupied ($ Bil)	22
Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)	34
Total Net Loans ($ Bil)	1,095

, map:[FDIC Data As Of:3312025, LOAN DETAILS:null, All Real Estate Loans ($ Bil):332.587000, Farm Loans ($ Bil):3.101000, Commercial and Industrial Loans ($ Bil):296.731000, Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil):149.120000, Commercial Real Estate Loans not Secured by Real Estate ($ Bil):29.183000, Commercial Real Estate Owner-Occupied ($ Bil):22.482000, Commercial Real Estate Other Non-Farm Non-Residential ($ Bil):34.068000, Total Net Loans ($ Bil):1095.391000]]

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	3/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	4/30/2025	2/25/2025	2/20/2024	2/22/2023	2/22/2022	2/24/2021	2/19/2020
Key Financials
Total Revenue	103,435	101,887	98,581	94,950	89,113	85,528	91,244
Net Income	27,854	27,132	26,515	27,528	31,978	17,894	27,430
EPS	3.39	3.25	3.10	3.21	3.60	1.88	2.77
Growth Rates
Total Revenue Growth	5.4%	3.4%	3.8%	6.6%	4.2%	-6.3%	0.2%
Net Income Growth	11.3%	2.3%	-3.7%	-13.9%	78.7%	-34.8%	-2.5%
Margins
Net Income Margin	26.9%	26.6%	26.9%	29.0%	35.9%	20.9%	30.1%
Cash & Debt
Total Cash	657,110	642,918	608,068	458,250	654,543	621,500	414,306
Total Debt	345,616	326,670	334,302	302,914	303,870	282,255	265,060
Net Debt / (Cash)	-311,494	-316,248	-273,766	-155,336	-350,673	-339,245	-149,246
Cash Flows
Net Cash from Operations	4,550	-8,805	44,982	-6,327	-7,193	37,993	61,777
Free Cash from Operations	4,550	-8,805	44,982	-6,327	-7,193	37,993	61,777
Returns to Shareholders
Dividends	9,536	9,503	9,087	8,576	8,055	7,727	5,934
Share Repurchases	23,048	18,358	4,576	5,727	27,097	8,097	30,712

$ Mil \| FY: 12/31	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2
Period End	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Filing Date	4/30/2025	2/25/2025	10/29/2024	7/30/2024	4/30/2024	2/20/2024	10/31/2023	7/31/2023	5/1/2023	2/22/2023	10/28/2022	7/29/2022
Key Financials Quarterly
Total Revenue	27,366	25,347	25,345	25,377	25,818	21,959	25,167	25,197	26,258	24,532	24,502	22,688
Net Income	7,396	6,665	6,896	6,897	6,674	3,144	7,802	7,408	8,161	7,132	7,082	6,247
EPS	0.91	0.83	0.82	0.83	0.77	0.36	0.91	0.88	0.95	0.85	0.81	0.73
Key Financials TTM
Total Revenue TTM	103,435	101,887	98,499	98,321	98,141	98,581	101,154	100,489	97,980	94,950	92,478	90,742
Net Income TTM	27,854	27,132	23,611	24,517	25,028	26,515	30,503	29,783	28,622	27,528	27,409	28,018
Growth Rates Quarterly
Total Revenue Growth	6.0%	15.4%	0.7%	0.7%	-1.7%	-10.5%	2.7%	11.1%	13.0%	11.2%	7.6%	5.7%
Net Income Growth	10.8%	112.0%	-11.6%	-6.9%	-18.2%	-55.9%	10.2%	18.6%	15.5%	1.7%	-7.9%	-32.3%
Margins Quarterly
Net Income Margin	27.0%	26.3%	27.2%	27.2%	25.9%	14.3%	31.0%	29.4%	31.1%	29.1%	28.9%	27.5%
Cash & Debt
Total Cash	657,110	642,918	619,459	620,296	634,336	608,068	525,331	513,499	397,955	458,250	438,764	471,097
Total Debt	345,616	326,670	335,367	330,903	335,241	334,302	330,555	327,090	340,437	302,914	290,166	303,583
Net Debt / (Cash)	-311,494	-316,248	-284,092	-289,393	-299,095	-273,766	-194,776	-186,409	-57,518	-155,336	-148,598	-167,514
Cash Flows Quarterly
FCF from Operations	-2,184	25,914	-37,276	18,096	-15,539	32,724	11,772	11,786	-11,300	30,998	13,154	-5,049
Cash Flows TTM
FCF from Operations TTM	4,550	-8,805	-1,995	47,053	40,743	44,982	43,256	44,638	27,803	-6,327	7,326	3,967
Returns to Shareholders Quarterly
Dividends	2,552	2,275	2,493	2,216	2,519	2,233	2,411	2,091	2,352	2,105	2,254	1,995
Share Repurchases	7,190	4,935	5,534	5,389	2,500	811	1,000	550	2,215	1,652	450	975
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	339.5%	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	297.6%	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Consumer Banking	42,031	38,635	34,005	33,262	38,587
Global Banking	24,796	22,229	20,875	18,987	20,483
Global Wealth & Investment Management	21,105	21,748	20,748	18,584	19,537
Global Markets	19,527	18,138	19,255	18,765	15,614
Tax-exempt securities	-567	-438	-427	-499	-595
All Other	-8,311	-5,362	-5,343	-3,571	-2,382
Total	98,581	94,950	89,113	85,528	91,244

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Consumer Banking	11,593	12,516	11,891	6,504	12,984
Global Banking	10,248	7,807	9,814	3,466	8,068
Global Markets	4,678	4,182	4,557	5,252	3,504
Global Wealth & Investment Management	3,947	4,675	4,327	3,071	4,252
All Other	-3,951	-1,652	1,389	-399	-1,378
Total	26,515	27,528	31,978	17,894	27,430

Assets by Segment

$ Mil	2024	2021	2020
Consumer Banking	1,049,830	988,580	804,019
Global Markets	817,588	616,609	641,806
Global Banking	621,751	580,561	464,032
All Other	346,356	264,141	224,466
Global Wealth & Investment Management	344,626	369,736	299,756
Total	3,180,151	2,819,627	2,434,079

Price Behavior

Price Behavior

Market Price	$52.04
Market Cap ($ Bil)	394.5
First Trading Date	05/29/1986
Distance from 52W High	-0.7%
	50 Days	200 Days
DMA Price	$50.07	$45.16
DMA Trend	up	up
Distance from DMA	3.9%	15.2%
	3M	1YR
Volatility	21.9%	28.2%
Downside Capture	77.43	86.78
Upside Capture	101.73	96.92
Correlation (SPY)	51.2%	69.2%

BAC Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.67	1.10	1.16	0.97	1.00	0.99
Up Beta	1.38	1.29	1.07	0.67	0.81	0.86
Down Beta	1.17	2.00	1.66	1.52	1.36	1.12
Up Capture	48%	103%	111%	100%	102%	105%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	11	24	37	76	136	390
Down Capture	46%	52%	101%	90%	90%	101%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	9	16	25	48	111	355

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	9302025
Short Interest: Shares Quantity	113,280,828
Short Interest: % Change Since 9152025	8.8%
Average Daily Volume	34,869,640
Days-to-Cover Short Interest	3.25
Basic Shares Quantity	7,677,900,000
Short % of Basic Shares	1.5%

Returns Analyses

	Title
0	Bank of America Stock Rallied 5.4% - Have You Assessed the Risk
1	BAC YTD Stock Return Of 1.4% Underperforms USB by -1.8% and Underperforms JPM by -23%
2	Bank of America During 2008 Recession vs. 2022 Inflation Shock: BAC Stock Is Now 14% Higher Than Its Pre-Shock High
3	Bank of America Stock Return Comparison
4	Bank of America Total Shareholder Return (TSR): -23.3% in 2022 and 0.5% 3-yr returns (above peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/15/2025	4.4%
7/16/2025	-0.3%	3.5%	2.4%
4/15/2025	3.6%	4.5%	22.0%
1/16/2025	-1.0%	-1.5%	-0.3%
10/15/2024	0.5%	-0.4%	9.4%
7/16/2024	5.3%	1.0%	-8.2%
4/16/2024	-3.5%	5.0%	7.1%
1/12/2024	-1.1%	-2.8%	1.4%
...
SUMMARY STATS
# Positive	13	8	17
# Negative	11	16	7
Median Positive	3.4%	4.7%	7.1%
Median Negative	-2.5%	-2.7%	-7.8%
Max Positive	6.1%	11.1%	22.0%
Max Negative	-6.5%	-8.8%	-12.1%

	Forward Returns
10/15/2025	4.4%
7/16/2025	-0.3%	3.5%	2.4%
4/15/2025	3.6%	4.5%	22.0%
1/16/2025	-1.0%	-1.5%	-0.3%
10/15/2024	0.5%	-0.4%	9.4%
7/16/2024	5.3%	1.0%	-8.2%
4/16/2024	-3.5%	5.0%	7.1%
1/12/2024	-1.1%	-2.8%	1.4%
10/17/2023	2.3%	-5.3%	8.3%
7/18/2023	4.4%	11.1%	1.8%
4/18/2023	0.6%	-2.0%	-9.9%
1/13/2023	2.2%	-1.8%	3.4%
10/17/2022	6.1%	10.3%	19.1%
7/18/2022	0.0%	3.7%	12.4%
4/18/2022	3.4%	-0.0%	-7.3%
1/19/2022	0.4%	-1.8%	3.1%
10/14/2021	4.5%	9.2%	10.1%
7/14/2021	-2.5%	-5.4%	5.2%
4/15/2021	-2.9%	-2.9%	4.9%
1/19/2021	-0.7%	-5.6%	4.2%
10/14/2020	-5.3%	-3.2%	9.6%
7/16/2020	-2.7%	-1.2%	7.1%
4/15/2020	-6.5%	-8.8%	-12.1%
1/15/2020	-1.8%	-2.7%	-1.2%
SUMMARY STATS
# Positive	13	8	17
# Negative	11	16	7
Median Positive	3.4%	4.7%	7.1%
Median Negative	-2.5%	-2.7%	-7.8%
Max Positive	6.1%	11.1%	22.0%
Max Negative	-6.5%	-8.8%	-12.1%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
6302025	7312025	10-Q 6/30/2025
3312025	4302025	10-Q 3/31/2025
12312024	2252025	10-K 12/31/2024
9302024	10292024	10-Q 9/30/2024
6302024	7302024	10-Q 6/30/2024
3312024	4302024	10-Q 3/31/2024
12312023	2202024	10-K 12/31/2023
9302023	10312023	10-Q 9/30/2023
6302023	7312023	10-Q 6/30/2023
3312023	5012023	10-Q 3/31/2023
12312022	2222023	10-K 12/31/2022
9302022	10282022	10-Q 9/30/2022
6302022	7292022	10-Q 6/30/2022
3312022	4292022	10-Q 3/31/2022
12312021	2222022	10-K 12/31/2021
9302021	10292021	10-Q 9/30/2021

Insider Activity

Expand for More

	Owner	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	BERKSHIRE HATHAWAY INC	10172024	Sell	42.52	8,370,178	355,919,220	32,598,863,280	Form
1	BERKSHIRE HATHAWAY INC	10102024	Sell	39.99	3,933,197	157,292,875	31,217,721,951	Form
2	BERKSHIRE HATHAWAY INC	10072024	Sell	39.25	302,604	11,877,358	31,157,765,537	Form
3	BERKSHIRE HATHAWAY INC	10022024	Sell	39.61	4,985,553	197,498,195	31,599,506,292	Form

Industry Resources

Financials Resources

Federal Reserve Economic Data

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2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Bank of America (BAC)

Market Price (10/21/2025): $52.09 | Market Cap: $399.9 BilSector: Financials | Industry: Diversified Banks

Bank of America (BAC)

Market Price (10/21/2025): $52.09Market Cap: $399.9 BilSector: FinancialsIndustry: Diversified Banks

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BAC Stock

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Market Price (10/21/2025): $52.09 | Market Cap: $399.9 Bil
Sector: Financials | Industry: Diversified Banks

Market Price (10/21/2025): $52.09
Market Cap: $399.9 Bil
Sector: Financials
Industry: Diversified Banks