Bank of America Corp
General ticker "BAC" information:
- Sector: Financials
- Industry: Banks
- Capitalization: $360.6B
Bank of America Corp follows the US Stock Market performance with the rate: 69.7%.
Estimated limits based on current volatility of 1.4%: low 43.42$, high 44.63$
Factors to consider:
- Company included in S&P500 list
- Company pays dividends: last record date 2024-12-06, amount 0.26$ (Y2.35%)
- Current price 15.3% above estimated high
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [26.03$, 38.30$]
- 2024-12-30 to 2025-12-30 estimated range: [32.63$, 45.65$]
Financial Metrics affecting the BAC estimates:
- Positive: Non-GAAP EPS, $ of 3.42 > 2.29
- Positive: Operating cash flow per share per price, % of 17.67 > 12.76
- Positive: Operating profit margin, % of 41.24 > 19.51
- Negative: Interest expense per share, $ of 9.13 > 0.74
- Negative: Investing cash flow per share, $ of -4.41 <= -3.48
- Positive: -0.25 < Return on assets ratio (scaled to [-100,100]) of 0.83
- Positive: Industry inventory ratio change (median), % of -32.20 <= -0.39
Short-term BAC quotes
Long-term BAC plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $93,707.00MM | $92,407.00MM | $98,581.00MM |
| Operating Expenses | $52,761.00MM | $53,764.00MM | $59,081.00MM |
| Operating Income | $40,946.00MM | $38,643.00MM | $39,500.00MM |
| Non-Operating Income | $-6,970.00MM | $-7,674.00MM | $-11,158.00MM |
| Interest Expense | $4,738.00MM | $20,103.00MM | $73,331.00MM |
| Income(Loss) | $33,976.00MM | $30,969.00MM | $28,342.00MM |
| Taxes | $1,998.00MM | $3,441.00MM | $1,827.00MM |
| Profit(Loss) | $31,978.00MM | $27,528.00MM | $26,515.00MM |
| Stockholders Equity | $270,066.00MM | $273,197.00MM | $291,646.00MM |
| Inventory | $925,529.00MM | $868,808.00MM | $0.00MM |
| Assets | $3,169,495.00MM | $3,051,375.00MM | $3,180,151.00MM |
| Operating Cash Flow | $-7,193.00MM | $-6,327.00MM | $44,982.00MM |
| Investing Cash Flow | $-313,291.00MM | $-2,529.00MM | $-35,387.00MM |
| Financing Cash Flow | $291,650.00MM | $-106,039.00MM | $93,345.00MM |
| Earnings Per Share* | $3.60 | $3.21 | $3.10 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.