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Bank of America Corp
NYSE:BAC

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Bank of America Corp Logo
Bank of America Corp
NYSE:BAC
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Price: 41.74 USD -0.17%
Updated: Jul 12, 2024
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Intrinsic Value

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. [ Read More ]

The intrinsic value of one BAC stock under the Base Case scenario is 50.65 USD. Compared to the current market price of 41.74 USD, Bank of America Corp is Undervalued by 18%.

Key Points:
BAC Intrinsic Value
Base Case
50.65 USD
Undervaluation 18%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Bank of America Corp

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Fundamental Analysis

Notes Created
1
Decisions Made
0
Last Decision Profit
0%
Decision Success Rate
0%

Bank of America Achieves Strong Q1 Results, Driven by Fee-Based Revenue and Investment Banking
Earnings Call Summary

Bank of America Achieves Strong Q1 Results, Driven by Fee-Based Revenue and Investment Banking

Bank of America reported strong first-quarter results with a net income of $6.7 billion and earnings per share (EPS) of $0.76, despite a $0.07 EPS reduction due to the FDIC's special assessment. Excluding this, net income was $7.2 billion with an EPS of $0.83. The bank saw a 35% year-over-year increase in investment banking fees, totaling $1.6 billion. Additionally, wealth management revenue rose by 11% to $3.6 billion, supported by $25 billion in asset under management flows. Despite ongoing inflationary pressures, expenses were managed effectively, contributing to a favorable financial performance.

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Bank of America Corp

Net Loans 1T
Investments 1.8T
PP&E 11.9B
Intangibles 69B
Other Assets 379.7B
Total Deposits 1.9T
Short Term Debt 368.6B
Long Term Debt 296.3B
Other Liabilities 368.9B
Efficiency

Wall St
Price Targets

BAC Price Targets Summary
Bank of America Corp

Wall Street analysts forecast BAC stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for BAC is 41.71 USD with a low forecast of 35.25 USD and a high forecast of 50.4 USD.

Lowest
Price Target
35.25 USD
16% Downside
Average
Price Target
41.71 USD
0% Downside
Highest
Price Target
50.4 USD
21% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

BAC Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Shareholder Return

BAC Price
Bank of America Corp

1M 1M
+6%
6M 6M
+27%
1Y 1Y
+42%
3Y 3Y
+7%
5Y 5Y
+55%
10Y 10Y
+216%
Annual Price Range
41.74
52w Low
25.17
52w High
41.81
Price Metrics
Average Annual Return 9.99%
Standard Deviation of Annual Returns 37.27%
Max Drawdown -49%
Shares Statistics
Market Capitalization 327.4B USD
Shares Outstanding 7 820 369 920
Percentage of Shares Shorted 1.2%

BAC Return Decomposition
Main factors of price return

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BAC News

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Last Important Events
Bank of America Corp

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Sentiment Analysis
Bank of America Corp

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Company Profile

Bank of America Corp Logo
Bank of America Corp

Country

United States of America

Industry

Banking

Market Cap

327.4B USD

Dividend Yield

2.3%

Description

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 208,000 full-time employees. The firm's 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 segment provides client experience through a network of financial advisors focused on clients with over $250,000 in total investable assets, including solutions to meet client's needs through a set of investment management, brokerage, banking, and retirement products. 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.

Contact

NORTH CAROLINA
Charlotte
Bank of America Corporate Center, 100 N Tryon St
+17043865681.0
https://www.bankofamerica.com

IPO

1979-06-05

Employees

208 000

Officers

Chairman, CEO & President
Mr. Brian Thomas Moynihan
Chief Financial Officer
Mr. Alastair M. Borthwick
President of Global Corporate & Investment Banking
Mr. Matthew M. Koder
President of Regional Banking
Mr. Dean C. Athanasia
President of Global Markets
Mr. James P. DeMare
Chief Operations Executive
Mr. Thomas M. Scrivener
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Chief Investment Officer
Mr. Christopher M. Hyzy
Chief Accounting Officer
Mr. Rudolf A. Bless
Chief Technology & Information Officer
Mr. Aditya Bhasin
Chief Administrative Officer
Mr. Darrin Steve Boland
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See Also

Discover More
What is the Intrinsic Value of one BAC stock?

The intrinsic value of one BAC stock under the Base Case scenario is 50.65 USD.

Is BAC stock undervalued or overvalued?

Compared to the current market price of 41.74 USD, Bank of America Corp is Undervalued by 18%.