Bank of America Corporation (NYSE:BAC)

Stock Price: $31.03

-0.7 (-2.21%)

Updated Sep 26, 2022 08:00 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	249.33B
Revenue	96.97B
Gross Profit	97.53B
Shares Out	8.04B
EPS (ttm)	3.21
PE Ratio	9.5975
Forward PE	9.9507
Dividend Rate (ttm)	0.8425
Dividend Yield	0.0266

Trading Day	Sep 26
Last Price	$31.03
Previous Close	$31.73
Change ($)	-0.7
Change (%)	-2.21%
Day's Open	31.5
Day's Range	30.681 - 31.82
Day's Volume	40.35M
52 Week Range	29.48 - 49.26

About Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,900 lending centers, 2,500 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,300 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile users.

Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services.

The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

NYSE:BAC stock is currently trading at $31.03 as of 08:00 PM UTC, Sep 26, 2022. Use the financials tab to find out more about Bank of America's key financial metrics and recent earnings reports, or track its share price in real time on the chart tab. If you would like to buy shares in Bank of America, our detailed guide explains how to buy Bank of America stock.

News

Pro says buy Bank of America stock after Fed signalled 4.6% terminal rate September 23, 2022

Congress to grill CEOs of top US banks on the state of the economy September 21, 2022

Sanchez reveals her top bank stocks to play the higher rates August 6, 2022

Three reasons to own the Bank of America stock right now June 7, 2022

Banking stocks were gainers on Monday, but how long can they sustain momentum? May 24, 2022

Bank of America Q1 results: CFO sees continued strength ahead April 18, 2022

BofA stock is oversold. Should you buy ahead of earnings April 18, 2022

Bank of America stock price forecast: Mike Mayo sees a 56% upside March 17, 2022

Bank of America’s net income hit a record high in fiscal 2021 January 19, 2022

Bank of America share price forecast ahead Q4 results January 18, 2022

Quick info

Country

Industry

Commercial Banking

Sector

Finance and Insurance

Employees

213,000

CEO

Brian Moynihan

Address

Bank of America Corporate Center
100 N Tryon St
Charlotte
North Carolina
28255-0001

Phone

17043865681

Website

www.bankofamerica.com

Ticker Symbol

BAC

Exchange

New York Stock Exchange

Reporting Currency

USD

Bank of America Corporation income statements (2022) (USD)

	July 2022
Total Revenue	25.22B
Cost of Revenue	523M
Gross Profit	24.70B
Research & Development	0
Selling General & Admin	2.21B
Operating Expense	18.33B
Operating Income	6.89B
Other Income Expense Net	0
EBIT	6.89B
Interest Income	0
Pretax Income	6.89B
Income Tax	645M
Minority Interest	0
Net Income	5.93B
Net Income Basic	5.93B

Bank of America Corporation income statements (2020) (USD)

	October 2020	September 2020	June 2020	March 2020	March 2020
Total Revenue	21.69B	N.A	N.A	N.A	N.A
Cost of Revenue	1.39B	N.A	N.A	N.A	N.A
Gross Profit	20.30B	N.A	N.A	N.A	N.A
Research & Development	0	N.A	N.A	N.A	N.A
Selling General & Admin	2.11B	N.A	N.A	N.A	N.A
Operating Expense	17.15B	N.A	N.A	N.A	N.A
Operating Income	4.55B	N.A	N.A	N.A	N.A
Other Income Expense Net	0	N.A	N.A	N.A	N.A
EBIT	4.55B	N.A	N.A	N.A	N.A
Interest Income	0	0.92B	1.10B	2.46B	2.46B
Pretax Income	4.55B	4.55B	3.80B	4.53B	4.53B
Income Tax	-335M	-335M	266M	521M	521M
Minority Interest	0	0	0	0	0
Net Income	4.44B	4.88B	3.53B	4.01B	4.01B
Net Income Basic	4.44B	4.44B	3.28B	3.54B	3.54B

Bank of America Corporation income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	2.96B	3.55B	3.75B	3.66B
Pretax Income	8.17B	6.86B	8.96B	8.77B
Income Tax	1.18B	1.08B	1.61B	1.46B
Minority Interest	0	0	0	0
Net Income	6.99B	5.78B	7.35B	7.31B
Net Income Basic	6.75B	5.27B	7.11B	6.87B

Bank of America Corporation income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	3.99B	3.53B	3.43B	2.87B
Pretax Income	8.70B	8.99B	8.50B	8.39B
Income Tax	1.42B	1.83B	1.71B	1.48B
Minority Interest	0	0	0	0
Net Income	7.28B	7.17B	6.78B	6.92B
Net Income Basic	7.04B	6.70B	6.47B	6.49B

Bank of America Corporation income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A
EBIT	N.A	N.A	N.A
Interest Income	2.61B	2.55B	2.51B
Pretax Income	6.41B	7.87B	8.38B
Income Tax	3.89B	2.28B	3.11B
Minority Interest	0	0	0
Net Income	2.52B	5.59B	5.27B
Net Income Basic	2.23B	5.12B	4.91B

Bank of America Corporation balance sheet (2022) (USD)

	July 2022
Current Cash	0
Receivables	79.89B
Inventory	0
Current Assets	2.87T
Other Current Assets	62.05B
Short Term Investments	1.74T
Long Term Investments	240.01B
Property/Plant Equipment	11.02B
Good Will	N.A
Intangible Assets	0
Tangible Assets (Net)	170.96B
Other Assets	159.97B
Total Assets	3.11T
Accounts Payable	0
Other Current Liabilities	2.54T
Total Current Liabilities	2.84T
Total Liabilities	2.84T
Long Term Debt	0
Current Long Term Debt	303.58B
Minority Interest	0
Common Stock	8.12B
Treasury Stock	0
Retained Earnings	197.16B
Capital Surplus	N.A
Shareholder Equity	269.12B
Other Liabilities	N.A

Bank of America Corporation balance sheet (2020) (USD)

	October 2020	September 2020	June 2020	March 2020	March 2020
Current Cash	0	N.A	N.A	N.A	N.A
Receivables	61.68B	N.A	N.A	N.A	N.A
Inventory	0	N.A	N.A	N.A	N.A
Current Assets	2.52T	0.95T	1.03T	1.05T	1.05T
Other Current Assets	44.30B	N.A	N.A	N.A	N.A
Short Term Investments	1.49T	N.A	N.A	N.A	N.A
Long Term Investments	219.73B	321.90B	314.07B	298.14B	298.14B
Property/Plant Equipment	10.90B	10.90B	20.79B	10.79B	10.79B
Good Will	N.A	N.A	N.A	N.A	N.A
Intangible Assets	0	N.A	1.60B	N.A	N.A
Tangible Assets (Net)	176.47B	199.90B	196.69B	195.97B	195.97B
Other Assets	139.87B	201.56B	173.31B	205.86B	205.86B
Total Assets	2.74T	2.74T	2.74T	2.62T	2.62T
Accounts Payable	0	N.A	N.A	N.A	N.A
Other Current Liabilities	2.20T	716.76B	676.66B	77.15B	77.15B
Total Current Liabilities	2.47T	0.93T	887.17B	297.22B	297.22B
Total Liabilities	2.47T	2.47T	2.48T	2.36T	2.36T
Long Term Debt	0	255.72B	248.15B	236.80B	236.80B
Current Long Term Debt	273.58B	N.A	13.48B	19.91B	19.91B
Minority Interest	0	0	0	0	0
Common Stock	85.95B	8.66B	8.66B	8.68B	8.68B
Treasury Stock	0	N.A	N.A	N.A	N.A
Retained Earnings	160.45B	160.45B	157.58B	155.87B	155.87B
Capital Surplus	N.A	N.A	N.A	N.A	N.A
Shareholder Equity	268.85B	268.85B	265.64B	264.92B	264.92B
Other Liabilities	N.A	N.A	N.A	N.A	N.A

Bank of America Corporation balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	729.26B	752.74B	733.74B	740.97B
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	50.28B	54.93B	50.33B	48.69B
Property/Plant Equipment	20.26B	20.29B	20.33B	19.85B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	1.70B	1.70B	1.70B	1.70B
Tangible Assets (Net)	195.86B	199.44B	202.46B	198.06B
Other Assets	166.91B	172.20B	173.82B	173.79B
Total Assets	2.44T	2.43T	2.40T	2.38T
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	1.59T	1.55T	1.53T	1.55T
Total Current Liabilities	1.81T	1.79T	1.77T	1.78T
Total Liabilities	2.18T	2.16T	2.12T	2.11T
Long Term Debt	224.83B	248.41B	237.59B	217.26B
Current Long Term Debt	24.15B	4.62B	9.65B	25.12B
Minority Interest	0	0	0	0
Common Stock	8.84B	9.08B	9.34B	9.57B
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	156.32B	151.18B	147.58B	141.89B
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	264.81B	268.39B	271.41B	267.01B
Other Liabilities	N.A	N.A	N.A	N.A

Bank of America Corporation balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	726.49B	717.04B	667.44B	713.54B
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	56.89B	240.21B	51.72B	263.73B
Property/Plant Equipment	9.91B	9.68B	9.54B	9.40B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	1.77B	1.91B	2.04B	2.18B
Tangible Assets (Net)	117.67B	110.62B	112.67B	114.68B
Other Assets	166.52B	159.02B	185.75B	166.39B
Total Assets	2.36T	2.34T	2.29T	2.33T
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	1.53T	89.96B	1.47T	100.22B
Total Current Liabilities	1.78T	297.98B	1.70T	346.47B
Total Liabilities	2.10T	2.08T	2.03T	2.06T
Long Term Debt	191.37B	226.72B	213.41B	202.61B
Current Long Term Debt	37.98B	7.38B	13.18B	29.65B
Minority Interest	0	0	0	0
Common Stock	9.67B	9.86B	10.01B	10.18B
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	136.31B	130.75B	125.55B	120.30B
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	265.33B	262.16B	264.22B	266.22B
Other Liabilities	N.A	N.A	N.A	N.A

Bank of America Corporation balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	N.A	N.A	N.A
Receivables	N.A	N.A	N.A
Inventory	N.A	N.A	N.A
Current Assets	652.32B	665.26B	661.77B
Other Current Assets	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A
Long Term Investments	208.58B	222B	198.82B
Property/Plant Equipment	9.25B	8.97B	8.90B
Good Will	N.A	N.A	N.A
Intangible Assets	2.31B	2.46B	2.61B
Tangible Assets (Net)	115.60B	120.88B	119.41B
Other Assets	161.43B	167.46B	171.30B
Total Assets	2.29T	2.28T	2.25T
Accounts Payable	N.A	N.A	N.A
Other Current Liabilities	81.19B	86.43B	77.93B
Total Current Liabilities	332.78B	313.17B	328.20B
Total Liabilities	2.02T	2.01T	1.98T
Long Term Debt	185.35B	224.40B	206.56B
Current Long Term Debt	42.06B	4.27B	17.36B
Minority Interest	0	0	0
Common Stock	10.29B	10.46B	9.88B
Treasury Stock	N.A	N.A	N.A
Retained Earnings	113.82B	113.49B	109.63B
Capital Surplus	N.A	N.A	N.A
Shareholder Equity	267.15B	272.46B	270.99B
Other Liabilities	N.A	N.A	N.A

Bank of America Corporation cash flow (2022) (USD)

	July 2022
Net Income	5.93B
Depreciation	491M
Changes in Receivables	79.89B
Changes in Inventories	0
Cash Change	29.50B
Cash Flow	-5.05B
Capital Expenditures	0
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	16.74B
Dividends Paid	N.A
Net Borrowings	-2.46T
Other Financing Cash Flows	N.A
Cash Flow Financing	-84.65B
Exchange Rate Effect	N.A

Bank of America Corporation cash flow (2020) (USD)

	October 2020	June 2020	March 2020
Net Income	4.44B	3.53B	4.01B
Depreciation	1.36B	N.A	432M
Changes in Receivables	6.29B	N.A	N.A
Changes in Inventories	0	N.A	N.A
Cash Change	-0.99B	38.96B	88.83B
Cash Flow	-16.6B	29.81B	-16.65B
Capital Expenditures	0	N.A	N.A
Investments	N.A	-161.22B	10.42B
Investing Activity (other)	N.A	-367M	-1.62B
Total Investing Cash Flows	-123.78B	-116.41B	-59.48B
Dividends Paid	N.A	-1.83B	-2.08B
Net Borrowings	-2.15T	-4.2B	21.72B
Other Financing Cash Flows	N.A	106M	-679M
Cash Flow Financing	277.88B	129.13B	161.15B
Exchange Rate Effect	N.A	1.18B	-0.95B

Bank of America Corporation cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	6.99B	5.78B	7.35B	7.31B
Depreciation	N.A	N.A	N.A	392M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	4.47B	-14.3B	-229M	-5.78B
Cash Flow	58.40B	-1.43B	-7.34B	10.82B
Capital Expenditures	N.A	N.A	N.A	N.A
Investments	-31.07B	-20.88B	16.49B	-2.01B
Investing Activity (other)	-723M	274M	128M	-2.65B
Total Investing Cash Flows	-42.58B	-34.41B	-1.84B	-485M
Dividends Paid	-1.85B	-464M	-1.7B	-1.93B
Net Borrowings	-44.13B	14.22B	17.95B	-4.29B
Other Financing Cash Flows	96M	39M	53M	-886M
Cash Flow Financing	-11.87B	22.83B	7.92B	-15.51B
Exchange Rate Effect	508M	-1.29B	1.02B	-607M

Bank of America Corporation cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	7.28B	7.17B	6.78B	6.92B
Depreciation	N.A	N.A	N.A	511M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-7.45B	13.66B	-33.04B	46.81B
Cash Flow	-21.78B	32.10B	7.88B	20.42B
Capital Expenditures	N.A	N.A	N.A	N.A
Investments	7.30B	-45.06B	-11.62B	-9.21B
Investing Activity (other)	-236M	-2M	-0.94B	-805M
Total Investing Cash Flows	-16.46B	-38.78B	-12.42B	-2.91B
Dividends Paid	-1.75B	-1.91B	-1.57B	-1.67B
Net Borrowings	1.71B	-7B	-276M	14.39B
Other Financing Cash Flows	-7M	-111M	191M	-724M
Cash Flow Financing	30.56B	21.05B	-27.09B	28.60B
Exchange Rate Effect	229M	-710M	-1.42B	700M

Bank of America Corporation cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	2.52B	5.59B	5.27B
Depreciation	N.A	N.A	N.A
Changes in Receivables	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A
Cash Change	-14.95B	13.68B	-9.32B
Cash Flow	-5.9B	7.95B	16.35B
Capital Expenditures	N.A	N.A	N.A
Investments	-1.47B	8.91B	-17.86B
Investing Activity (other)	-1.29B	291M	3.06B
Total Investing Cash Flows	-13.11B	-47.13B	492M
Dividends Paid	-1.58B	-1.72B	-1.15B
Net Borrowings	-15.05B	-8.05B	2.90B
Other Financing Cash Flows	212M	-27M	2M
Cash Flow Financing	3.84B	8.66B	-9.64B
Exchange Rate Effect	227M	414M	651M

Bank of America Corporation dividends (USD)

Ex date	Payment date	Record date	Declared date	Amount	Description	Frequency
02-06-2022	24-06-2022	03-06-2022	N.A	0.21	Ordinary Shares	Quarterly
03-12-2020	24-12-2020	04-12-2020	N.A	0.18	Ordinary Shares	Quarterly
03-09-2020	25-09-2020	04-09-2020	N.A	0.18	Ordinary Shares	Quarterly
04-06-2020	26-06-2020	05-06-2020	N.A	0.18	Ordinary Shares	Quarterly
05-03-2020	27-03-2020	06-03-2020	N.A	0.18	Ordinary Shares	Quarterly
05-12-2019	27-12-2019	06-12-2019	N.A	0.18	Ordinary Shares	Quarterly
05-09-2019	27-09-2019	06-09-2019	N.A	0.18	Ordinary Shares	Quarterly
06-06-2019	28-06-2019	07-06-2019	N.A	0.15	Ordinary Shares	Quarterly
28-02-2019	29-03-2019	01-03-2019	N.A	0.15	Ordinary Shares	Quarterly
06-12-2018	28-12-2018	07-12-2018	N.A	0.15	Ordinary Shares	Quarterly
06-09-2018	28-09-2018	07-09-2018	N.A	0.15	Ordinary Shares	Quarterly
31-05-2018	29-06-2018	01-06-2018	N.A	0.12	Ordinary Shares	Quarterly
01-03-2018	30-03-2018	02-03-2018	N.A	0.12	Ordinary Shares	Quarterly
30-11-2017	29-12-2017	01-12-2017	N.A	0.12	Ordinary Shares	Quarterly
30-08-2017	29-09-2017	01-09-2017	N.A	0.12	Ordinary Shares	Quarterly
31-05-2017	30-06-2017	02-06-2017	N.A	0.08	Ordinary Shares	Quarterly
01-03-2017	31-03-2017	03-03-2017	N.A	0.08	Ordinary Shares	Quarterly
30-11-2016	30-12-2016	02-12-2016	N.A	0.08	Ordinary Shares	Quarterly
31-08-2016	23-09-2016	02-09-2016	N.A	0.08	Ordinary Shares	Quarterly
01-06-2016	24-06-2016	03-06-2016	N.A	0.05	Ordinary Shares	Quarterly
02-03-2016	25-03-2016	04-03-2016	N.A	0.05	Ordinary Shares	Quarterly
02-12-2015	24-12-2015	04-12-2015	N.A	0.05	Ordinary Shares	Quarterly
02-09-2015	25-09-2015	04-09-2015	N.A	0.05	Ordinary Shares	Quarterly
03-06-2015	26-06-2015	05-06-2015	N.A	0.05	Ordinary Shares	Quarterly

About

Ticker Symbol

BAC

Reporting Currency

USD

Key Executives

Mogensen Lauren A

Global Compl & Op Risk Exec

Dominick Paula Ann

Interim Chief Risk Officer

MOYNIHAN BRIAN T

Chairman and CEO

Montag Thomas K.

Pres, Glbl Bkg & Markets

Bessant Catherine P

Chief Ops & Tech Officer

NEIL COTTY

Chief Accounting Officer

LEWIS KENNETH D

Chairman CEO and Pres

LYNCH GARY G

Gbl Gen Cnsl Hd Cmpl & Reg Rel

Thompson Bruce R.

Chief Risk Officer

Darnell David C.

Co-chief Operating Officer

MCGEE LIAM E

Prs Glbl Cons Sml Bus Bkg

Athanasia Dean C

Pres Prf & Sm Bs Bk & Co-Hd CB

CURL GREGORY L

Chief Risk Officer

DESOER BARBARA J

Pres, Home Loans & Insurance

NOSKI CHARLES H

Chief Financial Officer

Bhasin Aditya

Chief Tech & Info Officer

Scrivener Thomas M

Chief Operations Executive

Knox Kathleen A.

President, U.S. Trust

Rosato Craig R