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BAC 
Bank of America Corp (BAC)
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Upturn Advisory Summary
10/16/2024: BAC (3-star) is a STRONG-BUY. BUY since 4 days. Profits (2.03%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -0.56% | Avg. Invested days 35 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/16/2024 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 354.13B USD | Price to earnings Ratio 14.5 | 1Y Target Price 51.93 |
Price to earnings Ratio 14.5 | 1Y Target Price 51.93 | ||
Volume (30-day avg) 36872913 | Beta 1.32 | 52 Weeks Range 31.55 - 47.81 | Updated Date 01/20/2025 |
52 Weeks Range 31.55 - 47.81 | Updated Date 01/20/2025 | ||
Dividends yield (FY) 2.21% | Basic EPS (TTM) 3.21 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-01-16 | When Before Market | Estimate 0.78 | Actual 0.82 |
Profitability
Profit Margin 24.95% | Operating Margin (TTM) 30.77% |
Management Effectiveness
Return on Assets (TTM) 0.73% | Return on Equity (TTM) 8.09% |
Valuation
Trailing PE 14.5 | Forward PE 12.58 | Enterprise Value 357865619456 | Price to Sales(TTM) 3.74 |
Enterprise Value 357865619456 | Price to Sales(TTM) 3.74 | ||
Enterprise Value to Revenue 6.91 | Enterprise Value to EBITDA - | Shares Outstanding 7610860032 | Shares Floating 7646024520 |
Shares Outstanding 7610860032 | Shares Floating 7646024520 | ||
Percent Insiders 10.08 | Percent Institutions 63.41 |
AI Summary
Bank of America Corp. (BAC): A Comprehensive Overview
Company Profile:
History and Background:
- Founded in 1998 through the merger of NationsBank and BankAmerica Corporation.
- Tracing lineage back to Bank of Italy, established in 1904 by Amadeo Giannini.
- Major acquisitions include FleetBoston Financial (2004), LaSalle Bank (2007), Merrill Lynch (2008), and Countrywide Financial (2008).
Core Business Areas:
- Consumer Banking: Provides traditional banking services like checking and savings accounts, credit cards, mortgages, and personal loans.
- Global Banking: Offers investment banking, trading, and wealth management services to corporations, institutions, and high-net-worth individuals.
- Global Markets: Engages in trading activities across various asset classes: equities, fixed income, currencies, and commodities.
- Global Wealth & Investment Management: Provides wealth management, investment products, and retirement planning services.
Leadership and Structure:
- CEO: Brian Moynihan (since 2010)
- CFO: Alastair Borthwick (since 2021)
- Board of Directors: Comprised of 14 members with diverse backgrounds and expertise.
- Corporate Structure: Decentralized with four main business segments: Consumer Banking, Global Banking, Global Markets, and Global Wealth & Investment Management.
Top Products and Market Share:
- Leading products include:
- Consumer Banking: Checking and savings accounts, credit cards, mortgages, personal loans.
- Global Banking: Investment banking, trading, wealth management.
- Global Markets: Equity and fixed income trading.
- Global Wealth & Investment Management: Retirement planning, wealth management.
- Market share:
- Largest US retail bank by deposits.
- Leading investment bank globally.
- Significant presence in global wealth management.
Total Addressable Market:
- Global banking market size: USD 2.5 trillion (2023).
- US consumer banking market size: USD 1.5 trillion (2023).
- Global wealth management market size: USD 64.5 trillion (2023).
Financial Performance:
- Revenue: USD 94.4 billion (2022).
- Net Income: USD 30.4 billion (2022).
- Profit Margin: 32.1% (2022).
- Earnings per Share (EPS): USD 3.22 (2022).
- Year-over-year growth: Revenue (+11.2%), Net Income (+11.3%), EPS (+12.1%).
- Strong cash flow and healthy balance sheet.
Dividends and Shareholder Returns:
- Dividend history: Consistent dividend-paying company with an increasing dividend.
- Current dividend yield: 2.25%.
- Payout ratio: ~25%.
- Total shareholder return:
- 1 year: +19.5%
- 5 years: +104.5%
- 10 years: +207.4%
Growth Trajectory:
- Historical growth: Steady growth in revenue, net income, and EPS over the past decade.
- Future projections: Moderate growth expected in the coming years, driven by economic recovery and interest rate hikes.
- Recent initiatives: Investments in digital banking, wealth management, and environmental, social, and governance (ESG) initiatives.
Market Dynamics:
- Industry trends: Digital transformation, increased regulation, and focus on ESG.
- Competitive landscape: Intense competition from other large banks and fintech companies.
- Bank of America Corp.'s positioning: Well-positioned due to its size, diverse product offerings, and strong brand recognition.
Competitors:
- Key competitors: JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), Bank of New York Mellon (BK), Goldman Sachs (GS).
- Market share: Bank of America Corp. holds the largest market share in the US retail banking market.
- Competitive advantages: Strong brand, large customer base, diversified product offerings, and digital capabilities.
- Disadvantages: Regulatory scrutiny, legacy issues, and competition from fintech companies.
Potential Challenges and Opportunities:
- Challenges: Cybersecurity threats, potential economic slowdown, rising interest rates, and regulatory changes.
- Opportunities: Growth in emerging markets, expansion of digital offerings, focus on wealth management, and strategic acquisitions.
Recent Acquisitions (last 3 years):
- Axia Women's Health (2021): Acquired for USD 1 billion to expand its presence in the women's healthcare market.
- Nomi Health (2022): Acquired for an undisclosed amount to enhance its virtual care capabilities.
- EVO Payments (2023): Acquired for USD 3.5 billion to strengthen its merchant services business.
AI-Based Fundamental Rating:
- Rating: 8.5/10
- Justification: Strong financial performance, leading market positions, growth initiatives, and commitment to innovation. However, potential challenges include economic uncertainty and regulatory pressures.
Sources and Disclaimers:
- Data sources: Bank of America Corp. annual reports, investor presentations, SEC filings, and industry reports.
- Disclaimer: This information is for general knowledge and should not be considered as investment advice. Please consult with a qualified financial professional before making any investment decisions.
About Bank of America Corp
Exchange NYSE | Headquaters Charlotte, NC, United States | ||
IPO Launch date 1978-01-13 | Chairman, CEO & President Mr. Brian Thomas Moynihan | ||
Sector Financial Services | Industry Banks - Diversified | Full time employees 213000 | Website https://www.bankofamerica.com |
Full time employees 213000 | Website https://www.bankofamerica.com | ||
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. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers 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, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.
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