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Also traded in: Argentina, Brazil, Chile, Germany, Japan, Mexico, Peru, Romania, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.70
BAC's Cash to Debt is ranked lower than
66% of the 1178 Companies
in the Global Banks - Global industry.

( Industry Median: 3.07 vs. BAC: 0.70 )
Ranked among companies with meaningful Cash to Debt only.
BAC' s Cash to Debt Range Over the Past 10 Years
Min: 0.1  Med: 0.30 Max: 0.7
Current: 0.7
0.1
0.7
Equity to Asset 0.12
BAC's Equity to Asset is ranked higher than
70% of the 1648 Companies
in the Global Banks - Global industry.

( Industry Median: 0.10 vs. BAC: 0.12 )
Ranked among companies with meaningful Equity to Asset only.
BAC' s Equity to Asset Range Over the Past 10 Years
Min: 0.06  Med: 0.09 Max: 0.12
Current: 0.12
0.06
0.12
Interest Coverage 2.10
BAC's Interest Coverage is ranked higher than
57% of the 1534 Companies
in the Global Banks - Global industry.

( Industry Median: 1.67 vs. BAC: 2.10 )
Ranked among companies with meaningful Interest Coverage only.
BAC' s Interest Coverage Range Over the Past 10 Years
Min: 0.11  Med: 0.52 Max: 1.27
Current: 2.1
0.11
1.27
F-Score: 6
M-Score: -2.59
WACC vs ROIC
5.70%
4.50%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) 27.00
BAC's Operating margin (%) is ranked lower than
60% of the 1663 Companies
in the Global Banks - Global industry.

( Industry Median: 30.83 vs. BAC: 27.00 )
Ranked among companies with meaningful Operating margin (%) only.
BAC' s Operating margin (%) Range Over the Past 10 Years
Min: -1.2  Med: 7.11 Max: 44.05
Current: 27
-1.2
44.05
Net-margin (%) 19.33
BAC's Net-margin (%) is ranked lower than
61% of the 1664 Companies
in the Global Banks - Global industry.

( Industry Median: 22.36 vs. BAC: 19.33 )
Ranked among companies with meaningful Net-margin (%) only.
BAC' s Net-margin (%) Range Over the Past 10 Years
Min: -2.03  Med: 5.63 Max: 29.12
Current: 19.33
-2.03
29.12
ROE (%) 5.59
BAC's ROE (%) is ranked lower than
71% of the 1659 Companies
in the Global Banks - Global industry.

( Industry Median: 8.33 vs. BAC: 5.59 )
Ranked among companies with meaningful ROE (%) only.
BAC' s ROE (%) Range Over the Past 10 Years
Min: -1.56  Med: 1.59 Max: 17.83
Current: 5.59
-1.56
17.83
ROA (%) 0.74
BAC's ROA (%) is ranked lower than
59% of the 1670 Companies
in the Global Banks - Global industry.

( Industry Median: 0.88 vs. BAC: 0.74 )
Ranked among companies with meaningful ROA (%) only.
BAC' s ROA (%) Range Over the Past 10 Years
Min: -0.1  Med: 0.27 Max: 1.54
Current: 0.74
-0.1
1.54
Revenue Growth (3Y)(%) -4.40
BAC's Revenue Growth (3Y)(%) is ranked lower than
78% of the 1371 Companies
in the Global Banks - Global industry.

( Industry Median: 2.50 vs. BAC: -4.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
BAC' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -20.8  Med: 3.50 Max: 8.6
Current: -4.4
-20.8
8.6
EBITDA Growth (3Y)(%) 40.90
BAC's EBITDA Growth (3Y)(%) is ranked higher than
92% of the 1271 Companies
in the Global Banks - Global industry.

( Industry Median: 6.00 vs. BAC: 40.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
BAC' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -63.2  Med: 5.00 Max: 83.9
Current: 40.9
-63.2
83.9
EPS Growth (3Y)(%) 255.00
BAC's EPS Growth (3Y)(%) is ranked higher than
99% of the 1250 Companies
in the Global Banks - Global industry.

( Industry Median: 7.50 vs. BAC: 255.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
BAC' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -75.6  Med: 9.40 Max: 255
Current: 255
-75.6
255
» BAC's 10-Y Financials

Financials (Next Earnings Date: 2016-07-18)


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q2 2015

BAC Guru Trades in Q2 2015

Louis Moore Bacon 3,600,000 sh (+2812.41%)
Caxton Associates 7,349,600 sh (+279.79%)
David Tepper 1,910,000 sh (+193.85%)
NWQ Managers 5,337,837 sh (+64.46%)
T Boone Pickens 45,000 sh (+50.00%)
First Pacific Advisors 16,971,300 sh (+31.24%)
Steven Romick 15,705,000 sh (+29.67%)
Joel Greenblatt 15,588 sh (+20.22%)
Dodge & Cox 176,610,183 sh (+12.50%)
HOTCHKIS & WILEY 54,595,087 sh (+8.08%)
Murray Stahl 29,720 sh (+7.46%)
Jim Simons 5,031,795 sh (+5.20%)
Richard Snow 1,400,279 sh (+4.93%)
Chris Davis 771,136 sh (+3.46%)
Jeff Auxier 368,869 sh (+2.36%)
Charles Brandes 6,129,029 sh (+2.19%)
Ken Fisher 42,694,441 sh (+1.48%)
Bill Nygren 35,500,000 sh (+1.43%)
Barrow, Hanley, Mewhinney & Strauss 86,521,275 sh (+1.25%)
Glenn Greenberg 14,532 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
T Rowe Price Equity Income Fund 29,700,986 sh (unchged)
Michael Price 50,000 sh (unchged)
Tom Russo 51,100 sh (unchged)
Fairholme Fund 64,864,015 sh (unchged)
Ray Dalio Sold Out
Ruane Cunniff 540,925 sh (-0.01%)
Richard Pzena 30,419,181 sh (-1.60%)
Bruce Berkowitz 75,485,585 sh (-1.65%)
David Dreman 111,555 sh (-2.60%)
Ken Heebner 1,370,000 sh (-2.84%)
Kahn Brothers 47,102 sh (-5.56%)
Mario Gabelli 127,400 sh (-6.00%)
Paul Tudor Jones 145,664 sh (-11.83%)
Jeremy Grantham 2,378,900 sh (-18.69%)
Donald Yacktman 4,330,000 sh (-20.77%)
Yacktman Fund 3,800,000 sh (-20.83%)
Pioneer Investments 6,407,145 sh (-24.18%)
Steven Cohen 1,873,400 sh (-31.94%)
Mairs and Power 13,811 sh (-81.03%)
» More
Q3 2015

BAC Guru Trades in Q3 2015

Ray Dalio 30,591 sh (New)
Diamond Hill Capital 13,652 sh (New)
Ken Heebner 7,230,000 sh (+427.74%)
Joel Greenblatt 62,972 sh (+303.98%)
Pioneer Investments 11,369,910 sh (+77.46%)
Murray Stahl 40,157 sh (+35.12%)
First Pacific Advisors 19,191,770 sh (+13.08%)
Steven Romick 17,495,590 sh (+11.40%)
Dodge & Cox 189,615,263 sh (+7.36%)
Caxton Associates 7,654,169 sh (+4.14%)
Glenn Greenberg 14,532 sh (unchged)
Yacktman Fund 3,800,000 sh (unchged)
George Soros 952,000 sh (unchged)
Tom Russo 51,100 sh (unchged)
Mairs and Power 13,811 sh (unchged)
Michael Price 50,000 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Pioneer Investments 1,100,000 sh (unchged)
Louis Moore Bacon 500,000 sh (unchged)
Bill Nygren 35,500,000 sh (unchged)
Jim Simons Sold Out
David Tepper Sold Out
T Boone Pickens Sold Out
Ken Fisher 42,691,607 sh (-0.01%)
Jeff Auxier 368,669 sh (-0.05%)
David Dreman 111,236 sh (-0.29%)
Charles Brandes 6,059,742 sh (-1.13%)
Donald Yacktman 4,280,000 sh (-1.15%)
Barrow, Hanley, Mewhinney & Strauss 85,256,775 sh (-1.46%)
HOTCHKIS & WILEY 53,685,859 sh (-1.67%)
Richard Pzena 29,871,875 sh (-1.80%)
T Rowe Price Equity Income Fund 29,166,586 sh (-1.80%)
NWQ Managers 5,169,055 sh (-3.16%)
Mario Gabelli 121,250 sh (-4.83%)
Chris Davis 723,936 sh (-6.12%)
Kahn Brothers 43,996 sh (-6.59%)
Richard Snow 1,297,309 sh (-7.35%)
Paul Tudor Jones 106,231 sh (-27.07%)
Bruce Berkowitz 27,523,418 sh (-63.54%)
Jeremy Grantham 747,800 sh (-68.57%)
Louis Moore Bacon 950,000 sh (-73.61%)
Ruane Cunniff 20,580 sh (-96.20%)
Steven Cohen 5,200 sh (-99.72%)
Fairholme Fund 44,664,015 sh (-31.14%)
» More
Q4 2015

BAC Guru Trades in Q4 2015

Jim Simons 133,430 sh (New)
Steven Cohen 77,100 sh (+1382.69%)
Louis Moore Bacon 5,547,609 sh (+483.96%)
Richard Snow 3,140,470 sh (+142.08%)
Pioneer Investments 24,126,203 sh (+112.19%)
Joel Greenblatt 85,052 sh (+35.06%)
Diamond Hill Capital 15,238 sh (+11.62%)
Ken Heebner 7,670,000 sh (+6.09%)
Murray Stahl 42,057 sh (+4.73%)
First Pacific Advisors 19,751,490 sh (+2.92%)
Ken Fisher 43,092,263 sh (+0.94%)
Steven Romick 17,637,420 sh (+0.81%)
Glenn Greenberg 14,532 sh (unchged)
Chris Davis 723,936 sh (unchged)
Tom Russo 51,100 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Michael Price 50,000 sh (unchged)
Ruane Cunniff 20,580 sh (unchged)
Bill Nygren 35,500,000 sh (unchged)
Louis Moore Bacon 250,000 sh (unchged)
Ray Dalio Sold Out
Barrow, Hanley, Mewhinney & Strauss 85,105,784 sh (-0.18%)
Mairs and Power 13,739 sh (-0.52%)
Jeff Auxier 365,119 sh (-0.96%)
Dodge & Cox 187,074,863 sh (-1.34%)
Charles Brandes 5,872,606 sh (-3.09%)
Mario Gabelli 117,389 sh (-3.18%)
NWQ Managers 4,972,409 sh (-3.80%)
Richard Pzena 28,668,804 sh (-4.03%)
David Dreman 102,740 sh (-7.64%)
HOTCHKIS & WILEY 48,733,490 sh (-9.22%)
Kahn Brothers 39,774 sh (-9.60%)
T Rowe Price Equity Income Fund 23,529,186 sh (-19.33%)
Yacktman Fund 2,500,000 sh (-34.21%)
Donald Yacktman 2,784,300 sh (-34.95%)
Paul Tudor Jones 53,300 sh (-49.83%)
Bruce Berkowitz 3,908,303 sh (-85.80%)
Caxton Associates 656,400 sh (-91.42%)
Jeremy Grantham 10,700 sh (-98.57%)
Fairholme Fund 12,882,215 sh (-71.16%)
» More
Q1 2016

BAC Guru Trades in Q1 2016

John Buckingham 264,463 sh (New)
David Tepper 6,986,100 sh (New)
Jana Partners 750,000 sh (New)
Donald Smith 350,010 sh (New)
Manning & Napier Advisors, Inc 129,540 sh (New)
Steven Cohen 258,900 sh (+235.80%)
Bruce Berkowitz 8,571,303 sh (+119.31%)
Michael Price 100,000 sh (+100.00%)
Charles Brandes 9,080,201 sh (+54.62%)
Paul Tudor Jones 76,000 sh (+42.59%)
David Dreman 146,440 sh (+42.53%)
First Pacific Advisors 26,391,680 sh (+33.62%)
Steven Romick 23,487,790 sh (+33.17%)
HOTCHKIS & WILEY 59,907,572 sh (+22.93%)
Dodge & Cox 215,803,933 sh (+15.36%)
Richard Pzena 30,276,786 sh (+5.61%)
Ken Heebner 8,060,000 sh (+5.08%)
Murray Stahl 42,857 sh (+1.90%)
Barrow, Hanley, Mewhinney & Strauss 85,329,870 sh (+0.26%)
Chris Davis 725,136 sh (+0.17%)
Ken Fisher 43,096,188 sh (+0.01%)
Charlie Munger 2,300,000 sh (unchged)
Donald Yacktman 2,784,300 sh (unchged)
Yacktman Fund 2,500,000 sh (unchged)
Tom Russo 51,100 sh (unchged)
Paul Tudor Jones 275,900 sh (unchged)
Jeremy Grantham 10,700 sh (unchged)
Paul Tudor Jones 137,200 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Louis Moore Bacon Sold Out
Jim Simons Sold Out
Fairholme Fund Sold Out
Mario Gabelli 117,339 sh (-0.04%)
Jeff Auxier 364,469 sh (-0.18%)
Bill Nygren 34,800,000 sh (-1.97%)
NWQ Managers 4,874,037 sh (-1.98%)
Kahn Brothers 38,942 sh (-2.09%)
Mairs and Power 13,064 sh (-4.91%)
Richard Snow 2,916,420 sh (-7.13%)
Diamond Hill Capital 14,063 sh (-7.71%)
T Rowe Price Equity Income Fund 21,648,300 sh (-7.99%)
Caxton Associates 455,650 sh (-30.58%)
Ruane Cunniff 10,807 sh (-47.49%)
Joel Greenblatt 25,869 sh (-69.58%)
Pioneer Investments 3,394,302 sh (-85.93%)
» More
» Details

Insider Trades

Latest Guru Trades with BAC

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Preferred stocks of Bank of America Corporation

SymbolPriceYieldDescription
BACPRH0.004.02Bank of America Corporation,8.20% Non-Cumulative Preferred Stock, Series H
BACPRL1157.506.26
BMLpN/CL0.003.35Bank of America Corp., 6.70% Non-Cumul Perp Preferred Stock, Series 6
BMLPRL22.614.50Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 5
BMLpO/CL0.003.13Bank of America Corp., 6.25% Non-Cumul Perp Preferred Stock, Series 7
BMLPRQ0.004.23Bank of America Corp., 8.625% Dep Shares Noncumul Preferred Stock Series 8
BMLPRG19.343.88Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 1
BMLPRH19.263.96Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 2
BMLPRI25.806.18Bank of America Corporation,6.375% Non-Cumulative Preferred Stock, Series 3
BACPRJ0.005.33
BMLPRJ23.114.40Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 4
BACPRI27.046.13
BACPRD25.975.97ADR 6.204 % Non Cum Pfd Shs Series -D
BACPRE24.364.17ADR
BACRP19.900.00
BCXQL966.562.701/25th 5 1/5 % Non-Cum Perp Pfd Shs Series -U
BACPRW26.794.64
BACPRY26.816.06Deposit Shs Repr 1/1000th 6.500 % Non-Cum Pfd Shs Series -Y-
BACPRA25.530.00

Business Description

Industry: Banks » Banks - Global
Compare:NYSE:WFC, NYSE:JPM, SHSE:601398, SHSE:601939, SHSE:601288 » details
Traded in other countries:BA.C.Argentina, BOAC34.Brazil, BAC.Chile, NCB.Germany, 8648.Japan, BAC.Mexico, BAC.Peru, BAC.Romania, BAC.Switzerland, BAC.UK,
Bank of America Corporation is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and non-banking financial services and products throughout the United States and in selected international markets.

Bank of America Corporation was incorporated on July 31, 1998 in Delaware. The Company through its banking and various non-banking subsidiaries, throughout the United States and in selected international markets provides a diversified range of banking and non-banking financial services and products through five business segments namely Consumer and Business Banking, Consumer Real Estate Services, Global Wealth and Investment Management, Global Banking and Global Markets. Consumer and Business Banking is comprised of Deposits and Consumer Lending. It offers a diversified range of credit, banking and investment products and services to consumers and businesses. Consumer Real Estate Services operations include Home Loans and Legacy Assets & Servicing. Home Loans is responsible for ongoing loan production activities. Legacy Assets & Servicing is responsible for all mortgage servicing activities related to loans serviced for others and loans held by the Corporation, including loans that have been designated as the Legacy Assets & Servicing Portfolios. Global Wealth and Investment Management segment consists of Merrill Lynch Global Wealth Management (MLGWM) and U.S. Trust, Bank of America Private Wealth Management (U.S. Trust).MLGWM's advisory business provides a high-touch client experience through a network of financial advisors focused on clients with over $250,000 in total investable assets. Global banking includes Global Corporate and Global Commercial Banking, and Investment Banking. It provides lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services through its network of offices and client relationship teams. Global Markets offers sales and trading services, including research, to institutional clients across fixed-income, credit, currency, and commodity and equity businesses. Its product coverage includes securities and derivative products in both the primary and secondary markets. It also provides market-making, financing, securities clearing, settlement and custody services internationally to its institutional investor clients in support of their investing and trading activities.

Guru Investment Theses on Bank of America Corporation

Bruce Berkowitz Comments on Bank of America - May 20, 2016

Daniel Schmerin: During 2015, you reduced Bank of America (NYSE:BAC) common stock across portfolios. What changed? Do you fear another crisis brewing like 2008?

Bruce Berkowitz (Trades, Portfolio): Nothing has changed. Again, similar to AIG, in fact same story as AIG. We sold based on TBV. If anything has changed, today the financials are more akin to regulated utilities. All “too big to fail” institutions, except for Fannie Mae and Freddie Mac, have fortress-like balance sheets. And it’s harder now for banks to effectively generate a decent return on that fortress-like capital.

Daniel Schmerin: How would you assess Brian Moynihan’s leadership to date?

Bruce Berkowitz (Trades, Portfolio): Brian has done well with the hand he was dealt. It’s not easy to steer such a large organization, but he has been paddling fast. Personally, I think he should spin off Merrill Lynch and U.S. Trust. Those gems are certainly not utilities.

From Bruce Berkowitz (Trades, Portfolio)'s Feb. 23, 2016, Fairholme Fund (Trades, Portfolio) conference call.

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Bruce Berkowitz Comments on Bank of America - Feb 03, 2016

Bank of America (NYSE:BAC) warrants comprise 9.4% of Fund assets. The warrants offer attractive upside given that the company trades under tangible book value per share of $15.62. CEO Brian Moynihan recently noted that Bank of America’s 2015 results were the “company’s highest earnings in nearly a decade,” and much more improvement is possible. As the company reduces expenses and increases capital distributions, the double-ratchet feature of our warrants ensures that we are more than compensated for dividends paid to common equity shareholders.


From Bruce Berkowitz (Trades, Portfolio)'s 2015 Annual Letter for the Fairholme Allocation Fund.

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Bruce Berkowitz Comments on Bank of America - Feb 10, 2015

Bank of America (BAC) (22.3%) has executed its business plan admirably to date. By refocusing on core customer relationships across multiple platforms (i.e., checking, credit card, mortgage, and small business), the company is positioning itself for long-term profitability. Effective cross-fertilization of these services will make parallels with best-in-class Wells Fargo more pronounced, and help Bank of America’s still-depressed market price to at least reach book value, reflecting the higher values of existing business. The company recently surpassed its 2011 cost-cutting goal of $8 billion per annum, ahead of schedule. Litigation expenses – a major weight on the company in recent years– have largely dissipated. Heeding lessons learned from the financial crisis, the company prudently disposed of a profitable (at the time) wholesale mortgage business. Intermediaries might seem like ideal clients, but history shows that they are more adversary than friend. Investors should not be surprised to see Bank of America continue to shrink no-longer-core activities. However, the company’s balance sheet is poised for a growing business economy and a rising interest rate environment, with every increase of 100 basis points potentially boosting revenue by $3.7 billion. Sometimes you must take two steps back in order to go ten steps forward.

Form Bruce Berkowitz (Trades, Portfolio)'s Fairholme Fund 2014 Annual Report and Investor Letter.

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Bruce Berkowitz Comments on Bank of America - Aug 04, 2014

Bank of America (BAC) common stock is the Fund’s third largest position. Acquiring and then fixing Countrywide Financial has cost the bank tens of billions. Finishing the task will, in our view, allow much more to drop to the bank’s bottom line.

From Bruce Berkowitz (Trades, Portfolio)'s Fairholme Fund Second Quarter 2014 Shareholder Letter.

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Top Ranked Articles about Bank of America Corporation

Bruce Berkowitz Comments on Bank of America Guru stock highlight
Daniel Schmerin: During 2015, you reduced Bank of America (NYSE:BAC) common stock across portfolios. What changed? Do you fear another crisis brewing like 2008? Read more...
David Tepper Sells Out of Apple, Buys Facebook and Oil Tepper also bought Bank of America, a stock on which he made a fortune in 2009
David Tepper (Trades, Portfolio), founder of New Jersey-based Appaloosa Management, the third most profitable hedge fund according to PVH Investments, disclosed the 10 stocks in which he took a position in the first quarter as well as 14 he dumped. Read more...
John Buckingham Purchases Stake in Bank of America Bank had significant growth in EBITDA over the last 5 years
John Buckingham (Trades, Portfolio), CEO of Al Frank Asset Management and editor of the Prudent Speculator newsletter, purchased a stake in Bank of America (NYSE:BAC) during the first quarter. Read more...
Pioneer Sells Most of Stakes in Bank of America, Express Scripts, Citizens Financial Guru raises positions in Goldman Sachs, Home Depot, Chevron
Pioneer Investments (Trades, Portfolio)’ preferred sectors are Technology and Healthcare, but its most prominent transactions in the first quarter covered a wide range of sectors. Read more...
Stocks Murray Stahl Bought for Past 2 Quarters Stahl ups bet on several companies
Murray Stahl (Trades, Portfolio) is the chairman of Horizon Asset Management. He is also director of Research and co-portfolio manager of the Small Cap Opportunities Fund and the Paradigm Fund. The following are the companies the investor has been buying for at least the last two quarters. Read more...
Citigroup Reports Lower 1st Quarter Profit Declining profit follows trend across entire bank sector
Citigroup (NYSE:C) reported its earnings on Friday, ending the first week of major earnings reports for the first quarter with the banking sector leading with reports from JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC). In the banking sector, lower profits and trading revenues and higher credit provisions continued to be the key sector trends. Read more...
Bank of America, Wells Fargo Report Mixed 1st Quarter Earnings The 2 major banks follow lower profit expectations
U.S. market indexes were down in early morning trading Thursday after Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) reported declining profits. Read more...
Financial Stocks’ Weakness Attractive to Oakmark’s Nygren – Top Picks Nygren is buying low-price financials, while Bill Gross says the sector won't get better
In search of a great unloved sector, Oakmark Funds’ Bill Nygren (Trades, Portfolio) vouched for financial stocks in 2016. He had 18 in this portfolio at the end of the fourth quarter, and in spite of their downward slide this year he hasn’t changed his mind. Read more...
Looking Back at the Financial Crisis Some interesting facts and stories from the financial crisis of 2008 and 2009
I’ve spent the past few weeks reading “All the Devils Are Here: The Hidden Story of the Financial Crisis.” I planned on writing a book review, but I can sum up my takeaway in two words: Read it. The book is meticulously researched, outlining the role numerous actors (investment bankers, regulators, mortgage originators, rating agencies and others) played in the lead up to the financial crisis of 2008 and 2009. Authors Bethany McLean and Joe Nocera live up to the reputation they’ve deservedly achieved through years of great journalism. Read more...
Bruce Berkowitz Comments on Bank of America Guru stock highlight
Bank of America (NYSE:BAC) warrants comprise 9.4% of Fund assets. The warrants offer attractive upside given that the company trades under tangible book value per share of $15.62. CEO Brian Moynihan recently noted that Bank of America’s 2015 results were the “company’s highest earnings in nearly a decade,” and much more improvement is possible. As the company reduces expenses and increases capital distributions, the double-ratchet feature of our warrants ensures that we are more than compensated for dividends paid to common equity shareholders.
Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 11.72
BAC's P/E(ttm) is ranked higher than
56% of the 1574 Companies
in the Global Banks - Global industry.

( Industry Median: 12.79 vs. BAC: 11.72 )
Ranked among companies with meaningful P/E(ttm) only.
BAC' s P/E(ttm) Range Over the Past 10 Years
Min: 3.79  Med: 14.46 Max: 629.64
Current: 11.72
3.79
629.64
Forward P/E 9.35
BAC's Forward P/E is ranked higher than
73% of the 376 Companies
in the Global Banks - Global industry.

( Industry Median: 12.05 vs. BAC: 9.35 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 11.90
BAC's PE(NRI) is ranked higher than
55% of the 1552 Companies
in the Global Banks - Global industry.

( Industry Median: 12.69 vs. BAC: 11.90 )
Ranked among companies with meaningful PE(NRI) only.
BAC' s PE(NRI) Range Over the Past 10 Years
Min: 3.78  Med: 14.49 Max: 587.67
Current: 11.9
3.78
587.67
Price/Owner Earnings (ttm) 4.22
BAC's Price/Owner Earnings (ttm) is ranked higher than
82% of the 857 Companies
in the Global Banks - Global industry.

( Industry Median: 12.46 vs. BAC: 4.22 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
BAC' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 0.59  Med: 5.32 Max: 165.19
Current: 4.22
0.59
165.19
P/B 0.64
BAC's P/B is ranked higher than
78% of the 1655 Companies
in the Global Banks - Global industry.

( Industry Median: 1.04 vs. BAC: 0.64 )
Ranked among companies with meaningful P/B only.
BAC' s P/B Range Over the Past 10 Years
Min: 0.12  Med: 0.73 Max: 2.16
Current: 0.64
0.12
2.16
P/S 2.03
BAC's P/S is ranked higher than
70% of the 1647 Companies
in the Global Banks - Global industry.

( Industry Median: 2.94 vs. BAC: 2.03 )
Ranked among companies with meaningful P/S only.
BAC' s P/S Range Over the Past 10 Years
Min: 0.18  Med: 1.92 Max: 3.62
Current: 2.03
0.18
3.62
PFCF 6.29
BAC's PFCF is ranked higher than
67% of the 892 Companies
in the Global Banks - Global industry.

( Industry Median: 10.24 vs. BAC: 6.29 )
Ranked among companies with meaningful PFCF only.
BAC' s PFCF Range Over the Past 10 Years
Min: 0.31  Med: 6.00 Max: 275
Current: 6.29
0.31
275
POCF 3.84
BAC's POCF is ranked higher than
72% of the 992 Companies
in the Global Banks - Global industry.

( Industry Median: 8.94 vs. BAC: 3.84 )
Ranked among companies with meaningful POCF only.
BAC' s POCF Range Over the Past 10 Years
Min: 0.3  Med: 3.56 Max: 363.25
Current: 3.84
0.3
363.25
EV-to-EBIT 11.54
BAC's EV-to-EBIT is ranked higher than
58% of the 1513 Companies
in the Global Banks - Global industry.

( Industry Median: 13.20 vs. BAC: 11.54 )
Ranked among companies with meaningful EV-to-EBIT only.
BAC' s EV-to-EBIT Range Over the Past 10 Years
Min: -1578.3  Med: 24.95 Max: 280.3
Current: 11.54
-1578.3
280.3
EV-to-EBITDA 10.43
BAC's EV-to-EBITDA is ranked higher than
57% of the 1514 Companies
in the Global Banks - Global industry.

( Industry Median: 11.89 vs. BAC: 10.43 )
Ranked among companies with meaningful EV-to-EBITDA only.
BAC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -247.6  Med: 25.25 Max: 339.5
Current: 10.43
-247.6
339.5
PEG 0.79
BAC's PEG is ranked higher than
64% of the 738 Companies
in the Global Banks - Global industry.

( Industry Median: 1.10 vs. BAC: 0.79 )
Ranked among companies with meaningful PEG only.
BAC' s PEG Range Over the Past 10 Years
Min: 0.76  Med: 0.85 Max: 4.63
Current: 0.79
0.76
4.63
Shiller P/E 13.02
BAC's Shiller P/E is ranked higher than
75% of the 503 Companies
in the Global Banks - Global industry.

( Industry Median: 17.33 vs. BAC: 13.02 )
Ranked among companies with meaningful Shiller P/E only.
BAC' s Shiller P/E Range Over the Past 10 Years
Min: 0.96  Med: 6.97 Max: 17.92
Current: 13.02
0.96
17.92

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.34
BAC's Dividend Yield is ranked lower than
80% of the 2222 Companies
in the Global Banks - Global industry.

( Industry Median: 2.98 vs. BAC: 1.34 )
Ranked among companies with meaningful Dividend Yield only.
BAC' s Dividend Yield Range Over the Past 10 Years
Min: 0.22  Med: 1.08 Max: 59.1
Current: 1.34
0.22
59.1
Dividend Payout 0.16
BAC's Dividend Payout is ranked higher than
84% of the 1292 Companies
in the Global Banks - Global industry.

( Industry Median: 0.33 vs. BAC: 0.16 )
Ranked among companies with meaningful Dividend Payout only.
BAC' s Dividend Payout Range Over the Past 10 Years
Min: 0.02  Med: 0.41 Max: 32
Current: 0.16
0.02
32
Dividend Growth (3y) 44.20
BAC's Dividend Growth (3y) is ranked higher than
90% of the 745 Companies
in the Global Banks - Global industry.

( Industry Median: 7.80 vs. BAC: 44.20 )
Ranked among companies with meaningful Dividend Growth (3y) only.
BAC' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -74.5  Med: 12.00 Max: 44.2
Current: 44.2
-74.5
44.2
Forward Dividend Yield 1.34
BAC's Forward Dividend Yield is ranked lower than
85% of the 2081 Companies
in the Global Banks - Global industry.

( Industry Median: 3.15 vs. BAC: 1.34 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.96
BAC's Yield on cost (5-Year) is ranked lower than
53% of the 2484 Companies
in the Global Banks - Global industry.

( Industry Median: 3.46 vs. BAC: 2.96 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
BAC' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.48  Med: 2.37 Max: 129.57
Current: 2.96
0.48
129.57
3-Year Average Share Buyback Ratio 0.10
BAC's 3-Year Average Share Buyback Ratio is ranked higher than
77% of the 1066 Companies
in the Global Banks - Global industry.

( Industry Median: -2.00 vs. BAC: 0.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
BAC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -41.6  Med: -8.35 Max: 3.7
Current: 0.1
-41.6
3.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.94
BAC's Price/Tangible Book is ranked higher than
63% of the 1645 Companies
in the Global Banks - Global industry.

( Industry Median: 1.11 vs. BAC: 0.94 )
Ranked among companies with meaningful Price/Tangible Book only.
BAC' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.46  Med: 2.59 Max: 6.43
Current: 0.94
0.46
6.43
Price/Projected FCF 0.44
BAC's Price/Projected FCF is ranked higher than
75% of the 892 Companies
in the Global Banks - Global industry.

( Industry Median: 0.66 vs. BAC: 0.44 )
Ranked among companies with meaningful Price/Projected FCF only.
BAC' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.11  Med: 0.84 Max: 1256.75
Current: 0.44
0.11
1256.75
Price/Median PS Value 1.06
BAC's Price/Median PS Value is ranked lower than
57% of the 1568 Companies
in the Global Banks - Global industry.

( Industry Median: 1.01 vs. BAC: 1.06 )
Ranked among companies with meaningful Price/Median PS Value only.
BAC' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.2  Med: 1.32 Max: 2.17
Current: 1.06
0.2
2.17
Price/Graham Number 0.70
BAC's Price/Graham Number is ranked higher than
62% of the 1460 Companies
in the Global Banks - Global industry.

( Industry Median: 0.84 vs. BAC: 0.70 )
Ranked among companies with meaningful Price/Graham Number only.
BAC' s Price/Graham Number Range Over the Past 10 Years
Min: 0.51  Med: 1.29 Max: 6.69
Current: 0.7
0.51
6.69
Earnings Yield (Greenblatt) (%) 8.70
BAC's Earnings Yield (Greenblatt) (%) is ranked higher than
62% of the 1660 Companies
in the Global Banks - Global industry.

( Industry Median: 7.00 vs. BAC: 8.70 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
BAC' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.4  Med: 3.20 Max: 9.1
Current: 8.7
0.4
9.1
Forward Rate of Return (Yacktman) (%) -7.95
BAC's Forward Rate of Return (Yacktman) (%) is ranked lower than
87% of the 857 Companies
in the Global Banks - Global industry.

( Industry Median: 12.58 vs. BAC: -7.95 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
BAC' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -31.5  Med: 6.80 Max: 115.4
Current: -7.95
-31.5
115.4

More Statistics

Revenue (TTM) (Mil) $81,978
EPS (TTM) $ 1.27
Beta1.26
Short Percentage of Float0.73%
52-Week Range $10.99 - 18.48
Shares Outstanding (Mil)10,271.92

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 84,118 88,611 96,329
EPS ($) 1.38 1.59 1.96
EPS without NRI ($) 1.38 1.59 1.96
EPS Growth Rate
(3Y to 5Y Estimate)
9.10%
» More Articles for NYSE:BAC

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