Bank Of America Corp - Understand $bac stock

$BAC Market Cap: $299.9 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$76.36B

TTM

Gross Margin

Net Earnings

$23.36B

TTM

Current Assets

Current Liabilities

$622.3B

Q2 2024

Current Ratio

Total Assets

$3258B

Q2 2024

Total Liabilities

$2964B

Q2 2024

Book Value

$293.9B

Q2 2024

Cash

$320.6B

Q2 2024

P/E

12.84

Sep 13, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$98.58B	$94.95B	$89.11B	$85.53B	$91.24B	$91.02B	$87.13B	$83.70B	$82.97B	$85.89B	$87.50B	$83.33B	$93.45B	$110.2B	$119.6B
YoY Change	3.82%	6.55%	4.19%	-6.26%	0.25%	4.47%	4.09%	0.89%	-3.41%	-1.84%	5.0%	-10.83%	-15.21%	-7.88%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$98.58B	$94.95B	$89.11B	$85.53B	$91.24B	$91.02B	$87.13B	$83.70B	$82.97B	$85.89B	$87.50B	$83.33B	$93.45B	$110.2B	$119.6B
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$6.707B	$6.279B	$5.769B	$5.222B	$4.646B	$4.555B	$4.530B
YoY Change	6.82%	8.84%	10.47%	12.4%	2.0%	0.55%
% of Gross Profit
Depreciation & Amortization	$2.057B	$1.978B	$1.898B	$1.843B	$1.729B	$2.063B	$2.103B	$2.241B	$2.389B	$2.522B	$2.683B	$3.038B	$3.485B	$3.912B	$4.314B	$3.319B	$2.844B	$2.869B	$1.768B	$1.636B	$1.107B	$1.104B	$1.732B	$1.784B	$1.917B	$1.998B	$1.963B	$1.527B	$1.468B	$1.336B	$1.239B	$1.121B	$512.0M	$410.0M	$253.0M	$261.0M
YoY Change	3.99%	4.21%	2.98%	6.59%	-16.19%	-1.9%	-6.16%	-6.2%	-5.27%	-6.0%	-11.69%	-12.83%	-10.92%	-9.32%	29.98%	16.7%	-0.87%	62.27%	8.07%	47.79%	0.27%	-36.26%	-2.91%	-6.94%	-4.05%	1.78%	28.55%	4.02%	9.88%	7.83%	10.53%	118.95%	24.88%	62.06%	-3.07%
% of Gross Profit
Operating Expenses	$6.707B	$6.279B	$5.769B	$5.222B	$4.646B	$4.555B	$4.530B
YoY Change	6.82%	8.84%	10.47%	12.4%	2.0%	0.55%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$73.33B	$20.10B	$4.738B	$8.225B	$22.35B	$18.61B	$12.34B	$9.961B	$10.55B	$10.94B	$12.76B	$16.74B	$21.62B	$23.97B	$30.81B
YoY Change	264.78%	324.29%	-42.4%	-63.19%	20.09%	50.79%	23.88%	-5.57%	-3.53%	-14.27%	-23.82%	-22.55%	-9.82%	-22.18%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$28.34B	$30.97B	$33.98B	$19.00B	$32.75B	$34.58B	$29.21B	$25.02B	$22.19B	$7.963B	$14.73B	$3.072B	-$230.0M	-$1.323B	$4.360B	$4.428B	$20.92B	$31.97B	$24.48B	$20.91B	$15.78B	$12.99B	$10.12B	$11.79B	$12.22B	$8.048B	$10.56B	$9.311B	$8.377B	$7.010B	$6.047B	$4.382B	$2.072B	$2.072B	$2.976B	$2.107B	$36.00M	$102.0M	-$50.00M	$747.0M	$751.0M
YoY Change	-8.48%	-8.85%	78.87%	-42.01%	-5.29%	18.39%	16.75%	12.77%	178.63%	-45.95%	379.59%	-1435.65%	-82.62%	-130.34%	-1.54%	-78.84%	-34.56%	30.61%	17.08%	32.49%	21.48%	28.41%	-14.18%	-3.5%	51.78%	-23.76%	13.37%	11.15%	19.5%	15.93%	38.0%	111.49%	0.0%	-30.38%	41.24%	5752.78%	-64.71%	-304.0%	-106.69%	-0.53%
Income Tax	$1.827B	$3.441B	$1.998B	$1.101B	$5.324B	$6.437B	$10.98B	$7.199B	$6.277B	$2.443B	$4.194B	-$1.116B	-$1.676B	$915.0M	-$1.916B	$420.0M	$5.942B	$10.84B	$8.015B	$6.961B	$5.019B	$3.742B	$3.325B	$4.271B	$4.333B	$2.883B	$4.014B	$3.498B	$3.230B	$2.656B	$2.371B	$1.536B	$664.0M	$544.0M	$830.0M	$631.0M	$259.0M	$249.0M	-$22.00M	$162.0M	$172.0M
% Of Pretax Income	6.45%	11.11%	5.88%	5.8%	16.25%	18.61%	37.59%	28.77%	28.29%	30.68%	28.47%	-36.33%			-43.94%	9.49%	28.4%	33.9%	32.74%	33.29%	31.8%	28.8%	32.87%	36.23%	35.47%	35.82%	38.03%	37.57%	38.56%	37.89%	39.21%	35.05%	32.05%	26.25%	27.89%	29.95%	719.44%	244.12%		21.69%	22.9%
Net Earnings	$24.87B	$26.02B	$31.98B	$17.89B	$27.43B	$28.15B	$18.23B	$17.82B	$15.91B	$5.520B	$10.54B	$4.188B	$1.446B	-$2.238B	$6.276B	$4.008B	$14.98B	$21.13B	$16.47B	$13.95B	$10.76B	$9.249B	$6.792B	$7.517B	$7.882B	$5.165B	$6.542B	$5.813B	$5.147B	$4.354B	$3.876B	$2.845B	$1.407B	$1.766B	$2.314B	$1.655B	-$220.0M	-$151.0M	-$28.00M	$586.0M	$580.0M
YoY Change	-4.42%	-18.65%	78.71%	-34.76%	-2.55%	54.38%	2.3%	12.02%	188.22%	-47.62%	151.65%	189.63%	-164.61%	-135.66%	56.59%	-73.25%	-29.11%	28.35%	18.05%	29.59%	16.36%	36.17%	-9.64%	-4.63%	52.6%	-21.05%	12.54%	12.94%	18.21%	12.33%	36.24%	102.2%	-20.33%	-23.68%	39.82%	-852.27%	45.7%	439.29%	-104.78%	1.03%
Net Earnings / Revenue	25.22%	27.4%	35.88%	20.92%	30.06%	30.92%	20.93%	21.29%	19.18%	6.43%	12.04%	5.03%	1.55%	-2.03%	5.25%
Basic Earnings Per Share	$3.10	$3.21	$3.60	$1.88	$2.77	$2.64	$1.63	$1.57	$1.38	$0.43	$0.86	$0.26	$0.01	-$0.37	-$0.29
Diluted Earnings Per Share	$3.08	$3.185M	$3.57	$1.87	$2.75	$2.61	$1.56	$1.49	$1.31	$0.42	$0.83	$0.25	$0.01	-$0.37	-$0.29	$872.1K	$3.357M	$4.598M	$4.047M	$3.647M	$3.552M	$2.954M	$2.089M	$2.257M	$2.239M	$1.454M	$1.836M	$1.740M	$1.560M	$1.334M	$1.214M	$1.001M	$595.4K	$788.0K	$1.125M	$873.8K	-$123.0K	-$117.1K	-$22.58K	$486.3K	$546.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$11.86B	$11.51B	$21.07B	$21.00B	$20.26B	$9.906B	$9.247B	$9.139B	$9.485B	$10.05B	$10.48B	$11.86B	$13.64B	$14.31B	$15.50B	$13.16B	$11.24B	$9.255B	$7.786B	$7.517B	$6.036B	$6.717B	$6.414B	$6.433B	$6.713B	$7.289B	$8.123B	$7.672B	$7.571B	$7.409B	$6.927B	$6.567B	$5.780B	$5.570B	$5.102B	$3.408B	$2.989B	$2.880B	$2.766B	$2.776B	$2.269B
YoY Change	3.0%	-45.36%	0.31%	3.65%	104.53%	7.13%	1.18%	-3.65%	-5.61%	-4.07%	-11.66%	-13.05%	-4.68%	-7.7%	17.77%	17.09%	21.45%	18.87%	3.58%	24.54%	-10.14%	4.72%	-0.3%	-4.17%	-7.9%	-10.27%	5.88%	1.33%	2.19%	6.96%	5.48%	13.62%	3.77%	9.17%	49.71%	14.02%	3.78%	4.12%	-0.36%	22.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$14.37B	$13.35B	$9.153B	$7.447B	$6.444B		$12.63B	$30.26B	$24.63B	$28.25B	$32.36B
YoY Change	7.7%	45.8%	22.91%	15.56%			-58.28%	22.85%	-12.82%	-12.68%
Total Long-Term Assets
YoY Change
Total Assets	$3180B	$3051B	$3169B	$2820B	$2434B	$2355B	$2281B	$2188B	$2144B	$2105B	$2102B	$2210B	$2129B	$2265B	$2230B	$1818B	$1716B	$1460B	$1292B	$1110B	$719.5B	$661.0B	$621.8B	$642.2B	$632.6B	$617.7B	$571.0B	$477.7B	$461.3B	$426.4B	$383.0B	$338.2B	$264.3B	$259.4B	$242.7B	$194.2B	$145.2B	$153.3B	$154.7B	$147.5B	$134.0B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$207.3B	$223.8B	$200.4B	$181.8B	$182.8B	$165.0B	$152.1B	$147.4B	$146.3B	$145.4B	$135.7B	$148.6B	$123.0B	$144.6B	$127.9B	$42.52B	$53.97B	$42.13B	$31.94B	$41.59B	$27.12B	$17.55B	$27.46B	$20.89B	$19.17B	$30.93B	$17.35B	$11.89B	$4.046B	$3.396B	$3.286B	$1.837B	$2.381B	$1.996B	$1.542B	$850.0M	$558.0M	$308.0M	$258.0M	$272.0M	$247.0M
YoY Change	-7.4%	11.67%	10.24%	-0.55%	10.77%	8.48%	3.23%	0.74%	0.58%	7.21%	-8.69%	20.75%	-14.89%	13.08%	200.72%	-21.22%	28.1%	31.92%	-23.21%	53.38%	54.55%	-36.1%	31.46%	8.96%	-38.02%	78.31%	45.92%	193.8%	19.14%	3.35%	78.88%	-22.85%	19.29%	29.44%	81.41%	52.33%	81.17%	19.38%	-5.15%	10.12%
Deferred Revenue
YoY Change
Short-Term Debt	$316.0B	$222.6B	$216.1B	$189.6B	$189.3B	$207.2B	$209.5B	$194.2B	$202.4B	$232.4B	$244.1B	$324.0B	$250.6B	$305.3B	$324.7B	$364.7B	$412.5B	$358.8B	$356.9B	$198.3B	$113.0B	$90.31B	$69.94B	$91.61B	$122.2B	$99.03B	$79.46B	$48.55B	$72.32B	$61.05B	$54.05B	$26.50B	$15.01B	$19.65B	$23.04B	$16.81B	$10.89B	$15.12B	$11.13B	$9.117B	$10.07B
YoY Change	41.97%	3.0%	13.94%	0.17%	-8.62%	-1.12%	7.87%	-4.03%	-12.93%	-4.77%	-24.66%	29.31%	-17.93%	-5.97%	-10.95%	-11.6%	14.96%	0.53%	79.96%	75.48%	25.15%	29.12%	-23.65%	-25.05%	23.42%	24.64%	63.65%	-32.86%	18.45%	12.95%	103.97%	76.57%	-23.62%	-14.71%	37.07%	54.41%	-28.0%	35.87%	22.05%	-9.46%
Long-Term Debt Due	$20.99B	$14.09B	$8.642B	$19.85B	$21.64B		$39.05B			$30.72B
YoY Change	48.94%	63.05%	-56.46%	-8.28%
Total Short-Term Liabilities	$523.2B	$223.8B	$209.1B	$201.6B	$204.4B	$165.0B	$191.2B	$147.4B	$146.3B	$176.2B	$135.7B	$148.6B	$123.0B	$144.6B	$127.9B	$42.52B	$53.97B	$42.13B	$31.94B	$41.59B	$27.12B	$17.55B	$27.46B	$20.89B	$19.17B	$30.93B	$17.35B	$11.89B	$4.046B	$3.396B	$3.286B	$1.837B	$2.381B	$1.996B	$1.542B	$850.0M	$558.0M	$308.0M	$258.0M	$272.0M	$247.0M
YoY Change	133.78%	7.06%	3.68%	-1.37%	23.88%	-13.68%	29.72%	0.74%	-16.96%	29.85%	-8.69%	20.75%	-14.89%	13.08%	200.72%	-21.22%	28.1%	31.92%	-23.21%	53.38%	54.55%	-36.1%	31.46%	8.96%	-38.02%	78.31%	45.92%	193.8%	19.14%	3.35%	78.88%	-22.85%	19.29%	29.44%	81.41%	52.33%	81.17%	19.38%	-5.15%	10.12%
Long-Term Debt	$302.2B	$276.0B	$271.2B	$241.1B	$216.6B	$229.4B	$183.2B	$216.8B	$236.8B	$212.4B	$249.7B	$275.6B	$372.3B	$448.4B	$438.5B	$268.3B	$197.5B	$146.0B	$100.8B	$97.12B	$75.34B	$67.18B	$68.03B	$72.50B	$60.44B	$50.84B	$47.47B	$43.01B	$34.29B	$24.69B	$23.15B	$20.16B	$7.964B	$7.192B	$6.982B	$1.816B	$5.343B	$5.377B	$6.079B	$5.216B	$2.685B
YoY Change	9.5%	1.77%	12.47%	11.32%	-5.58%	25.21%	-15.5%	-8.42%	11.46%	-14.92%	-9.4%	-25.97%	-16.98%	2.26%	63.45%	35.84%	35.28%	44.77%	3.84%	28.9%	12.16%	-1.25%	-6.17%	19.95%	18.88%	7.11%	10.37%	25.4%	38.88%	6.67%	14.81%	153.16%	10.73%	3.01%	284.47%	-66.01%	-0.63%	-11.55%	16.55%	94.26%
Other Long-Term Liabilities	$139.0B	$124.8B	$138.4B	$116.8B	$121.5B	$106.1B	$115.5B	$102.5B	$105.4B	$121.1B	$120.9B	$119.6B	$120.0B	$127.9B	$116.1B	$82.43B	$99.77B	$84.01B	$65.89B	$54.58B	$41.91B	$49.14B	$34.32B	$43.35B	$37.16B	$31.01B	$30.94B	$23.43B	$15.72B	$12.46B	$5.542B	$6.413B	$3.952B	$3.655B	$4.040B	$5.636B	$4.181B	$4.122B	$4.015B	$4.009B	$4.414B
YoY Change	11.34%	-9.8%	18.42%	-3.83%	14.5%	-8.12%	12.66%	-2.75%	-12.95%	0.19%	1.06%	-0.35%	-6.15%	10.17%	40.83%	-17.37%	18.76%	27.5%	20.72%	30.25%	-14.72%	43.18%	-20.83%	16.66%	19.85%	0.21%	32.07%	49.07%	26.15%	124.77%	-13.58%	62.27%	8.13%	-9.53%	-28.32%	34.8%	1.43%	2.67%	0.15%	-9.18%
Total Long-Term Liabilities	$441.2B	$400.8B	$409.6B	$358.0B	$338.1B	$335.5B	$298.7B	$319.3B	$342.2B	$333.5B	$370.6B	$395.2B	$492.3B	$576.3B	$554.6B	$350.7B	$297.3B	$230.0B	$166.7B	$151.7B	$117.2B	$116.3B	$102.3B	$115.9B	$97.60B	$81.85B	$78.40B	$66.43B	$50.01B	$37.15B	$28.69B	$26.58B	$11.92B	$10.85B	$11.02B	$7.452B	$9.524B	$9.499B	$10.09B	$9.225B	$7.099B
YoY Change	10.07%	-2.14%	14.41%	5.87%	0.77%	12.32%	-6.46%	-6.68%	2.6%	-9.99%	-6.23%	-19.73%	-14.58%	3.92%	58.13%	17.98%	29.24%	37.95%	9.91%	29.38%	0.8%	13.65%	-11.66%	18.7%	19.25%	4.39%	18.02%	32.84%	34.61%	29.48%	7.96%	123.02%	9.86%	-1.59%	47.91%	-21.76%	0.26%	-5.89%	9.42%	29.95%
Total Liabilities	$2888B	$2778B	$2899B	$2547B	$2169B	$2089B	$2014B	$1922B	$1888B	$1861B	$1870B	$1973B	$1899B	$2037B	$1999B	$1641B	$1569B	$1324B	$1190B	$1010B	$671.5B	$610.6B	$573.2B	$594.6B	$588.1B	$571.7B	$526.4B	$439.9B	$425.0B	$393.3B	$353.0B	$312.3B	$247.4B	$245.1B	$229.5B	$183.8B	$139.1B	$146.8B	$148.2B	$140.8B	$128.2B
YoY Change	3.99%	-4.2%	13.85%	17.4%	3.83%	3.73%	4.8%	1.79%	1.45%	-0.46%	-5.24%	3.9%	-6.76%	1.89%	21.81%	4.59%	18.46%	11.27%	17.83%	50.44%	9.97%	6.52%	-3.59%	1.09%	2.87%	8.61%	19.66%	3.51%	8.05%	11.44%	13.01%	26.23%	0.95%	6.8%	24.86%	32.13%	-5.26%	-0.95%	5.25%	9.83%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	8.029B shares	8.114B shares	8.493B shares	8.753B shares	9.391B shares	10.10B shares	10.20B shares	10.28B shares	10.46B shares	10.53B shares	10.73B shares	10.75B shares	10.14B shares	9.790B shares	7.729B shares
Diluted Shares Outstanding	8.081B shares	8.168B shares	8.558B shares	8.797B shares	9.443B shares	10.24B shares	10.78B shares	11.05B shares	11.24B shares	10.58B shares	11.49B shares	10.84B shares	10.25B shares	9.790B shares	7.729B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $299.91 Billion

About Bank of America Corp

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. The company is headquartered in Charlotte, North Carolina and currently employs 213,000 full-time employees. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.

Industry: National Commercial Banks Peers: JPMorgan Chase & Co Citigroup Inc US Bancorp Wells Fargo & Co