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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: 34.435 USD -0.25%
Updated: Mar 1, 2024

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 48.161 USD. Compared to the current market price of 34.435 USD, Bank of America Corp is Undervalued by 29%.

Key Points:
BAC Intrinsic Value
Base Case
48.161 USD
Undervaluation 29%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Bank of America Corp

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Fundamental Analysis

Bank of America Reports Solid Earnings Amidst Challenges
2023-Q4 Earnings Call

Bank of America Reports Solid Earnings Amidst Challenges

Bank of America closed 2023 with strong financial results, reporting an adjusted net income of $29.3 billion and a 7% growth in EPS to $3.42. The bank navigated economic slowdowns, geopolitical tensions, and rapid interest rate hikes resiliently, reflected by consumer spending growth moderating to 4-5% from earlier highs of 9-10%. Deposit balances remained robust, with a slight quarter dip but 30% above pre-pandemic levels overall. The year finished with $1.924 trillion in deposits, and the revenue grew by 5% on account of a 9% increase in net interest income (NII) and strong asset management and trading results. The bank achieved 170 basis points of operating leverage and experienced historic lows in net charge-offs, still favorable against averages. Customer engagement was evidenced by 600,000 new checking accounts and an expansion of wealth management relationships by 40,000. These numbers demonstrate the bank's successful strategy of organic growth and responsible management.

Financials

Balance Sheet Decomposition
Bank of America Corp

Net Loans 1T
Investments 1.7T
PP&E 11.9B
Intangibles 69B
Other Assets 394B
Total Deposits 1.9T
Short Term Debt 316B
Long Term Debt 302.2B
Other Liabilities 346.2B
Efficiency

Wall St
Price Targets

BAC Price Targets Summary
Bank of America Corp

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

According to Wall Street analysts, the average 1-year price target for BAC is 38.794 USD with a low forecast of 31.31 USD and a high forecast of 52.5 USD.

Lowest
Price Target
31.31 USD
9% Downside
Average
Price Target
38.794 USD
13% Upside
Highest
Price Target
52.5 USD
52% 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
+3%
6M 6M
+19%
1Y 1Y
+2%
3Y 3Y
+1%
5Y 5Y
+29%
10Y 10Y
+150%
Annual Price Range
34.435
52w Low
25.17
52w High
34.79
Price Metrics
Average Annual Return 10.31%
Standard Deviation of Annual Returns 37.42%
Max Drawdown -49%
Shares Statistics
Market Capitalization 270.3B USD
Shares Outstanding 7 872 659 968
Percentage of Shares Shorted 0.91%

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

270.3B USD

Dividend Yield

2.79%

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 Regional Banking
Mr. Dean C. Athanasia
Vice Chairman
Mr. Paul M. Donofrio
Chief Risk Officer
Mr. Geoffrey S. Greener
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
President of Global Corporate & Investment Banking
Mr. Matthew M. Koder
Chief Technology & Information Officer
Mr. Aditya Bhasin
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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 48.161 USD.

Is BAC stock undervalued or overvalued?

Compared to the current market price of 34.435 USD, Bank of America Corp is Undervalued by 29%.