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Bank of America Corporation is a banks-diversified business based in the US. Bank Of America shares (BAC) are listed on the NYSE and all prices are listed in US Dollars. Bank Of America employs 213,000 staff and has a trailing 12-month revenue of around USD$91.2 billion.
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Since the stock market crash in March caused by coronavirus, Bank Of America's stock price has had significant positive movement.
Its last market close was $46.28, which is 25.76% up on its pre-crash value of $34.36 and 157.83% up on the lowest point reached during the March crash when the stocks fell as low as $17.95.
If you had bought $1,000 worth of Bank Of America stocks at the start of February 2020, those stocks would have been worth $548.37 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,403.67.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|Latest market close||$46.28|
|52-week range||$22.65 - $46.67|
|50-day moving average||$41.98|
|200-day moving average||$40.84|
|Wall St. target price||$45.29|
|Dividend yield||$0.18 (0.4%)|
|Earnings per share (TTM)||$3.34|
|1 week (2021-10-12)||6.29%|
|1 month (2021-09-17)||14.27%|
|3 months (2021-07-19)||25.32%|
|6 months (2021-04-19)||18.15%|
|1 year (2020-10-19)||95.11%|
|2 years (2019-10-18)||52.49%|
|3 years (2018-10-19)||63.42%|
|5 years (2016-10-19)||181.00%|
Valuing Bank Of America stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Bank Of America's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Bank Of America's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Bank Of America shares trade at around 14x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Bank Of America's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.2691. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Bank Of America's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||$91.2 billion|
|Operating margin TTM||35.39%|
|Gross profit TTM||$74.2 billion|
|Return on assets TTM||1.05%|
|Return on equity TTM||11.24%|
|Market capitalisation||$390.2 billion|
TTM: trailing 12 months
There are currently 78.2 million Bank Of America shares held short by investors – that's known as Bank Of America's "short interest". This figure is 7.3% down from 84.4 million last month.
There are a few different ways that this level of interest in shorting Bank Of America shares can be evaluated.
Bank Of America's "short interest ratio" (SIR) is the quantity of Bank Of America shares currently shorted divided by the average quantity of Bank Of America shares traded daily (recently around 48.9 million). Bank Of America's SIR currently stands at 1.6. In other words for every 100,000 Bank Of America shares traded daily on the market, roughly 1600 shares are currently held short.
However Bank Of America's short interest can also be evaluated against the total number of Bank Of America shares, or, against the total number of tradable Bank Of America shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Bank Of America's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Bank Of America shares in existence, roughly 10 shares are currently held short) or 0.0095% of the tradable shares (for every 100,000 tradable Bank Of America shares, roughly 10 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Bank Of America.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Bank Of America.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 34.53
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Bank Of America's overall score of 34.53 (as at 12/31/2018) is nothing to write home about – landing it in it in the 55th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Bank Of America is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 7.74/100
Bank Of America's environmental score of 7.74 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Bank Of America is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 23.11/100
Bank Of America's social score of 23.11 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Bank Of America is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 14.68/100
Bank Of America's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Bank Of America is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Bank Of America scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Bank Of America hasn't always managed to keep its nose clean.
Dividend payout ratio: 19.53% of net profits
Recently Bank Of America has paid out, on average, around 19.53% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.86% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Bank Of America shareholders could enjoy a 1.86% return on their shares, in the form of dividend payments. In Bank Of America's case, that would currently equate to about $0.18 per share.
While Bank Of America's payout ratio might seem low, this can signify that Bank Of America is investing more in its future growth.
Bank Of America's most recent dividend payout was on 23 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 1 September 2021 (the "ex-dividend date").
Bank Of America's shares were split on a 2:1 basis on 29 August 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Bank Of America shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Bank Of America shares which in turn could have impacted Bank Of America's share price.
Over the last 12 months, Bank Of America's shares have ranged in value from as little as $22.6513 up to $46.67. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Bank Of America's is 1.5058. This would suggest that Bank Of America's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of April 15, 2021, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 17,000 ATMs; and digital banking platforms with approximately 40 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.
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