Bank of America Corp
NYSE:BAC
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 48.14 USD. Compared to the current market price of 36.01 USD, Bank of America Corp is Undervalued by 25%.
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 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.
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 |
Wall St
Price Targets
BAC Price Targets Summary
Bank of America Corp
According to Wall Street analysts, the average 1-year price target for BAC is 39.01 USD with a low forecast of 33.33 USD and a high forecast of 52.5 USD.
Ownership
BAC Insider Trading
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Shareholder Return
BAC Price
Bank of America Corp
Average Annual Return | 9.96% |
Standard Deviation of Annual Returns | 37.26% |
Max Drawdown | -49% |
Market Capitalization | 284.3B USD |
Shares Outstanding | 7 890 639 872 |
Percentage of Shares Shorted | 0.92% |
BAC News
Last Important Events
Bank of America Corp
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Bank of America Corp
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
The intrinsic value of one BAC stock under the Base Case scenario is 48.14 USD.
Compared to the current market price of 36.01 USD, Bank of America Corp is Undervalued by 25%.