Bank of America Corp

Chart & Performance

D1W1MN

Profile

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.

URL

https://www.bankofamerica.com

IPO date

Jun 05, 1979

Employees

216,000

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	98,581,000 3.82%	94,950,000 6.55%	89,113,000 20.09%
Cost of revenue	50,509,000	12,789,000	4,889,000
Unusual Expense (Income)
NOPBT	48,072,000	82,161,000	84,224,000
NOPBT Margin	48.76%	86.53%	94.51%
Operating Taxes	1,827,000	3,441,000	1,998,000
Tax Rate	3.80%	4.19%	2.37%
NOPAT	46,245,000	78,720,000	82,226,000
Net income	26,515,000 -3.68%	27,528,000 -13.92%	31,978,000 78.71%
Dividends	(9,087,000)	(8,576,000)	(8,055,000)
Dividend yield	3.34%	3.17%	2.12%
Proceeds from repurchase of equity	(4,576,000)	(1,301,000)	347,151,000
BB yield	1.68%	0.48%	-91.17%
Debt
Debt current	32,098,000	26,932,000	23,753,000
Long-term debt	310,039,000	284,343,000	289,058,000
Deferred revenue			268,664,000
Other long-term liabilities	2,545,747,000	2,221,633,000	(280,117,000)
Net debt	(1,003,282,000)	(1,305,346,000)	(1,571,439,000)
Cash flow
Cash from operating activities	44,982,000	(6,327,000)	(7,193,000)
CAPEX
Cash from investing activities	(35,387,000)	(2,529,000)	(313,291,000)
Cash from financing activities	93,345,000	(106,039,000)	291,650,000
FCF	651,781,000	81,316,000	71,645,000
Balance
Cash	327,473,000	458,250,000	654,543,000
Long term investments	1,017,946,000	1,158,371,000	1,229,707,000
Excess cash	1,340,489,950	1,611,873,500	1,879,794,350
Stockholders' equity	291,646,000	273,197,000	270,066,000
Invested Capital	2,063,104,000	2,804,441,000	2,912,182,000
ROIC	1.90%	2.75%	3.01%
ROCE	2.04%	2.67%	2.64%
EV
Common stock shares outstanding	8,080,500	8,167,500	8,558,400
Price	33.67 1.66%	33.12 -25.56%	44.49 46.78%
Market cap	272,070,435 0.58%	270,507,600 -28.96%	380,763,216 42.80%
EV	(702,814,565)	(1,006,441,400)	(1,165,967,784)
EBITDA	50,129,000	84,139,000	86,122,000
EV/EBITDA
Interest	73,331,000	20,103,000	4,738,000
Interest/NOPBT	152.54%	24.47%	5.63%