Tearsheet

Bank of America (BAC)

Market Price (9/16/2025): $50.62 | Market Cap: $388.7 Bil
Sector: Financials | Industry: Diversified Banks

Bank of America (BAC)

Market Price (9/16/2025): $50.62
Market Cap: $388.7 Bil
Sector: Financials
Industry: Diversified Banks

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%	Trading close to highs Dist 52W High is -0.3%, Dist 3Y High is -0.3%	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 85x
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 -80%	Weak multi-year price returns 3Y Excs Rtn is -7.1%
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 7.2%
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 -80%
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 -0.3%, Dist 3Y High is -0.3%
6	Weak multi-year price returns 3Y Excs Rtn is -7.1%
7	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 85x

Market Valuation

	9/16/25	2024	2023	2022	2021
Share Price CYE	$50.62	$43.18	$32.26	$30.77	$40.40
Market Cap CYE ($ Bil)	388.7	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)	453.4	660.8	592.1	551.8	636.1
Valuation Ratios
P/S TTM	3.8	3.4	2.7	2.8	4.2
P/EBIT TTM	0.0	0.0	0.0	0.0	0.0
P/E TTM	13.9	12.7	10.2	9.8	11.8
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8	2.8	3.4
P/EBIT TTM (Sector)	7.2	6.9	7.1	7.1	7.0
P/E TTM (Sector)	12.8	11.6	10.1	9.4	10.0

	9/16/25	2024	2023
Share Price CYE	$50.62	$43.18	$32.26
Market Cap CYE ($ Bil)	388.7	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)	453.4	660.8	592.1
Valuation Ratios
P/S TTM	3.8	3.4	2.7
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	13.9	12.7	10.2
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8
P/EBIT TTM (Sector)	7.2	6.9	7.1
P/E TTM (Sector)	12.8	11.6	10.1

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

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. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Show more 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. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina. Show less

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BAC Return	-12%	50%	-24%	5%	34%	17%	66%
Peers Return	-9%	32%	-15%	18%	38%	25%	107%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, WFC, MS, C, USB. See BAC Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)

Interactive Breakdown

Bank of America Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	BAC Dip Buy Analysis
2	Day 6 of Gains Streak for Bank of America Stock with 7.3% Return (vs. 9.3% YTD) [6/26/2025]
3	Bank of America Total Shareholder Return (TSR): 33.9% in 2024 and 2.2% 3-yr compounded annual returns (below peer average)
4	Bank of America (BAC) Operating Cash Flow Comparison	Financials
5	Bank of America (BAC) Net Income Comparison	Financials
6	Bank of America (BAC) worth $334 Bil (down $-60 Bil), still more valuable than Salesforce	Notification
7	Bank of America vs. S&P500 Correlation	Correlation
8	Bank of America Price Volatility	Volatility
9	BAC Up 7.7% In A Month. Do You Buy Or Wait?	Return
10	Fundamental Metrics: ...
11	ARTICLES
12	Large Cap Stocks Trading At 52-Week High		August 30th, 2025
13	Large Cap Stocks Trading At 52-Week High		August 26th, 2025
14	S&P 500 Stocks Trading At 52-Week High		August 22nd, 2025
15	How Will Bank of America Stock React To Its Upcoming Earnings?		July 7th, 2025
16	7/6/2025 27 Large Cap Stocks Trading Near 52W High		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	S&P 500 Stocks Trading At 52-Week High
4	How Will Bank of America Stock React To Its Upcoming Earnings?
5	7/6/2025 27 Large Cap Stocks Trading Near 52W High
6	ARTICLES
7	BAC Dip Buy Analysis
8	Day 6 of Gains Streak for Bank of America Stock with 7.3% Return (vs. 9.3% YTD) [6/26/2025]
9	Bank of America Total Shareholder Return (TSR): 33.9% in 2024 and 2.2% 3-yr compounded annual returns (below peer average)
10	Bank of America (BAC) Operating Cash Flow Comparison
11	Bank of America (BAC) Net Income Comparison
12	Bank of America (BAC) worth $334 Bil (down $-60 Bil), still more valuable than Salesforce
13	Bank of America vs. S&P500 Correlation
14	Bank of America Price Volatility
15	BAC Up 7.7% In A Month. Do You Buy Or Wait?
16	Fundamental Metrics: ...

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	7309.3%
3	CHSN	Chanson International	5551.3%	-99.3%
4	LNZA	LanzaTech Global	5145.9%	-85.7%
5	QMMM	QMMM	2490.3%	5505.5%
6	NXTT	Next Technology	2167.7%	1080.3%
7	VTAK	Catheter Precision	1543.9%	-70.5%
8	CURX	Curanex Pharmaceuticals	1282.0%	1282.0%
9	VCIG	VCI Global	1278.3%	-66.8%
10	OCTO	Eightco	800.6%	562.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-93.3%	-95.1%
2	ELPW	Elong Power	-92.4%	-76.5%
3	STFS	Star Fashion Culture	-92.1%	-97.9%
4	ETS	Elite Express	-92.0%	-92.0%
5	NAKA	Kindly MD	-91.7%
6	BINI	Bollinger Innovations	-90.5%	-100.0%
7	FLYE	Fly-E	-89.8%	-81.2%
8	JEM	707 Cayman	-89.8%	-98.3%
9	NUTR	NusaTrip	-86.7%	-86.7%
10	CUPR	Cuprina	-84.9%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

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	50.59	308.90	81.41	156.64	99.79	49.29	90.60
Mkt Cap	388.4	861.4	263.2	247.0	185.2	76.8	255.1
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	388.4	861.4	263.2	247.0	185.2	76.8	255.1
P/S	3.8	4.9	3.2	4.0	2.2	2.8	3.5
P/EBIT	-	-	-	-	-	-	-
P/E	13.9	15.2	12.8	16.7	13.1	11.1	13.5
P/CFO	85.4	-5.8	-28.8	-14.0	-2.1	10.3	-4.0
Total Yield	7.2%	6.6%	9.8%	6.0%	7.7%	13.0%	7.4%
Dividend Yield	0.0%	0.0%	2.0%	0.0%	0.0%	4.1%	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	1.0	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	8.4%	6.3%	5.6%	8.3%	6.5%	7.3%	6.9%
3M Rtn	14.5%	14.3%	11.9%	20.5%	28.7%	15.5%	15.0%
6M Rtn	23.5%	32.9%	16.2%	34.8%	44.8%	19.6%	28.2%
12M Rtn	34.0%	53.8%	57.7%	64.2%	78.4%	15.5%	55.8%
3Y Rtn	60.5%	183.9%	100.6%	99.0%	132.6%	24.3%	99.8%
1M Excs Rtn	4.4%	2.7%	0.3%	3.2%	2.3%	3.0%	2.9%
3M Excs Rtn	4.7%	5.9%	2.5%	11.1%	20.9%	5.2%	5.6%
6M Excs Rtn	7.8%	16.4%	-1.1%	20.5%	29.9%	2.7%	12.1%
12M Excs Rtn	13.7%	32.6%	35.8%	47.1%	60.4%	-4.0%	34.2%
3Y Excs Rtn	-7.1%	115.1%	29.8%	31.6%	59.1%	-44.0%	30.7%

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	12312024
CAPITAL
Equity Total Capital ($ Bil)	245
Tier 1 (Core) Capital ($ Bil)	194
ASSETS
Total Assets ($ Bil)	2,589
Adjusted Average Assets ($ Bil)	2,546
Risk Weighted Assets Adjusted ($ Bil)	1,444
LEVERAGE RATIOS
Tier 1 Capital / Total Assets Ratio	7.5%
Tier 1 Capital / Adjusted Avg Assets Ratio	7.6%
Tier 1 Capital / Risk Wtd Assets Ratio	13.5%

Bank Deposits

FDIC Data As Of	12312024
DEPOSITS
Total Deposits ($ Bil)	2,055
Uninsured Deposits ($ Bil)	822
Uninsured Deposits Ratio %	40.0%

Bank Assets

FDIC Data As Of	12312024
ASSETS
Cash Balance ($ Bil)	272
Securities ($ Bil)	886
Net Loans ($ Bil)	1,084
Trading Assets ($ Bil)	114
Bank Premises Assets ($ Bil)	19
Other Real Estate Owned ($ Bil)	0
Goodwill & Intangibles ($ Bil)	58
Other Assets ($ Bil)	114
Total Assets (Sum) ($ Bil)	2,548
Total Assets (Reported) ($ Bil)	2,589
Risk Weighted Assets ($ Bil)	1,444
SECURITIES DETAILS
US Govt Securities ($ Bil)	839
Equity Securities Not Held for Trading ($ Bil)	0
Total Debt Securities ($ Bil)	886
Mortgage-Backed Securities ($ Bil)	502
SECURITIES VALUATION
Securities Held to Maturity (Book Value) ($ Bil)	559
Securities Available for Sale (Fair Market) ($ Bil)	327

Bank Loans

[valid:true, table:

FDIC Data As Of	12312024
LOAN DETAILS
All Real Estate Loans ($ Bil)	325
Farm Loans ($ Bil)	3
Commercial and Industrial Loans ($ Bil)	295
Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)	154
Commercial Real Estate Loans not Secured by Real Estate ($ Bil)	31
Commercial Real Estate Owner-Occupied ($ Bil)	22
Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)	35
Total Net Loans ($ Bil)	1,084

, map:[FDIC Data As Of:12312024, LOAN DETAILS:null, All Real Estate Loans ($ Bil):325.481000, Farm Loans ($ Bil):2.901000, Commercial and Industrial Loans ($ Bil):295.382000, Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil):154.118000, Commercial Real Estate Loans not Secured by Real Estate ($ Bil):30.652000, Commercial Real Estate Owner-Occupied ($ Bil):22.118000, Commercial Real Estate Other Non-Farm Non-Residential ($ Bil):34.875000, Total Net Loans ($ Bil):1084.434000]]

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		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

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$50.59
Market Cap ($ Bil)	383.5
First Trading Date	05/29/1986
Distance from 52W High	-0.3%
	50 Days	200 Days
DMA Price	$47.93	$44.37
DMA Trend	up	up
Distance from DMA	5.6%	14.0%
	3M	1YR
Volatility	19.6%	28.1%
Downside Capture	0.31	0.70
Upside Capture	121.88	104.53
Correlation (SPY)	55.1%	70.0%

BAC Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.31	1.39	1.16	1.01	0.99	0.99
Up Beta	1.00	1.03	1.07	0.67	0.81	0.85
Down Beta	2.25	1.65	1.56	1.54	1.32	1.09
Up Capture	150%	149%	124%	106%	101%	109%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	13	24	37	75	131	387
Down Capture	66%	158%	92%	101%	93%	101%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	7	16	24	49	114	358

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

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	97,853,200
Short Interest: % Change Since 8152025	2.4%
Average Daily Volume	36,472,197
Days-to-Cover Short Interest	2.68
Basic Shares Quantity	7,677,900,000
Short % of Basic Shares	1.3%

Returns Analyses

	Title
0	BAC Up 7.7% In A Month. Do You Buy Or Wait?
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 13% 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
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%
...
SUMMARY STATS
# Positive	13	9	18
# Negative	11	15	6
Median Positive	2.3%	4.9%	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
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%
10/16/2019	1.5%	4.9%	10.3%
SUMMARY STATS
# Positive	13	9	18
# Negative	11	15	6
Median Positive	2.3%	4.9%	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
4	BERKSHIRE HATHAWAY INC	9272024	Sell	39.27	2,305,415	90,540,102	31,891,155,635	Form

Industry Resources

Financials Resources

Federal Reserve Economic Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Bank of America (BAC)

Market Price (9/16/2025): $50.62 | Market Cap: $388.7 BilSector: Financials | Industry: Diversified Banks

Bank of America (BAC)

Market Price (9/16/2025): $50.62Market Cap: $388.7 BilSector: FinancialsIndustry: Diversified Banks

Investment Highlights

Market Valuation

Stock Price Chart

Market Cap Chart

Business Description

Price Returns Compared

Interactive Breakdown

Better Bets than Bank of America (BAC)

Latest Trefis Analyses

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Bank of America

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (9/16/2025): $50.62 | Market Cap: $388.7 Bil
Sector: Financials | Industry: Diversified Banks

Market Price (9/16/2025): $50.62
Market Cap: $388.7 Bil
Sector: Financials
Industry: Diversified Banks