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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 0.60
BAC's Cash to Debt is ranked lower than
71% of the 1599 Companies
in the Global Banks - Global industry.

( Industry Median: 1.98 vs. BAC: 0.60 )
Ranked among companies with meaningful Cash to Debt only.
BAC' s Cash to Debt Range Over the Past 10 Years
Min: 0.1  Med: 0.3 Max: 0.7
Current: 0.6
0.1
0.7
Equity to Asset 0.12
BAC's Equity to Asset is ranked higher than
69% of the 1608 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 2.12
BAC's Interest Coverage is ranked higher than
57% of the 1529 Companies
in the Global Banks - Global industry.

( Industry Median: 1.67 vs. BAC: 2.12 )
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: 2.12
Current: 2.12
0.11
2.12
F-Score: 5
M-Score: -2.62
WACC vs ROIC
7.14%
4.30%
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 (%) 26.82
BAC's Operating margin (%) is ranked lower than
61% of the 1621 Companies
in the Global Banks - Global industry.

( Industry Median: 30.83 vs. BAC: 26.82 )
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: 43.93
Current: 26.82
-1.2
43.93
Net-margin (%) 18.72
BAC's Net-margin (%) is ranked lower than
63% of the 1619 Companies
in the Global Banks - Global industry.

( Industry Median: 22.44 vs. BAC: 18.72 )
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: 29.04
Current: 18.72
-2.03
29.04
ROE (%) 5.16
BAC's ROE (%) is ranked lower than
73% of the 1619 Companies
in the Global Banks - Global industry.

( Industry Median: 8.54 vs. BAC: 5.16 )
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: 5.16
-1.56
17.83
ROA (%) 0.70
BAC's ROA (%) is ranked lower than
62% of the 1627 Companies
in the Global Banks - Global industry.

( Industry Median: 0.89 vs. BAC: 0.70 )
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: 0.7
-0.1
1.54
Revenue Growth (3Y)(%) -1.40
BAC's Revenue Growth (3Y)(%) is ranked lower than
71% of the 1340 Companies
in the Global Banks - Global industry.

( Industry Median: 3.30 vs. BAC: -1.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
BAC' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -25.3  Med: 3.7 Max: 8.9
Current: -1.4
-25.3
8.9
EBITDA Growth (3Y)(%) 57.20
BAC's EBITDA Growth (3Y)(%) is ranked higher than
96% of the 1229 Companies
in the Global Banks - Global industry.

( Industry Median: 5.90 vs. BAC: 57.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
BAC' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -63.3  Med: 4.2 Max: 83.9
Current: 57.2
-63.3
83.9
EPS Growth (3Y)(%) 73.70
BAC's EPS Growth (3Y)(%) is ranked higher than
97% of the 1204 Companies
in the Global Banks - Global industry.

( Industry Median: 7.40 vs. BAC: 73.70 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
BAC' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -73.5  Med: 9.7 Max: 230.2
Current: 73.7
-73.5
230.2
GuruFocus has detected 3 Warning Signs with Bank of America Corporation $BAC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» BAC's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2016

BAC Guru Trades in Q1 2016

Manning & Napier Advisors, Inc 129,540 sh (New)
Donald Smith 350,010 sh (New)
John Buckingham 264,463 sh (New)
David Tepper 6,986,100 sh (New)
Jana Partners 750,000 sh (New)
Charles de Vaulx 3,210,572 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%)
Yacktman Fund 2,500,000 sh (unchged)
Donald Yacktman 2,784,300 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Tom Russo 51,100 sh (unchged)
Jeremy Grantham 10,700 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Paul Tudor Jones 275,900 sh (unchged)
Paul Tudor Jones 137,200 sh (unchged)
Jim Simons Sold Out
Louis Moore Bacon 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
Q2 2016

BAC Guru Trades in Q2 2016

John Burbank 19,055 sh (New)
Louis Moore Bacon 5,000,000 sh (New)
George Soros 351,975 sh (New)
Charles de Vaulx 5,615,229 sh (+74.90%)
Bruce Berkowitz 12,973,003 sh (+51.35%)
Joel Greenblatt 35,228 sh (+36.18%)
First Pacific Advisors 32,793,600 sh (+24.26%)
Caxton Associates 500,000 sh (+9.73%)
Ken Heebner 8,560,000 sh (+6.20%)
Steven Romick 24,829,840 sh (+5.71%)
Diamond Hill Capital 14,741 sh (+4.82%)
Dodge & Cox 221,999,832 sh (+2.87%)
HOTCHKIS & WILEY 60,454,811 sh (+0.91%)
Jeff Auxier 367,469 sh (+0.82%)
Donald Smith 351,686 sh (+0.48%)
Ken Fisher 43,263,628 sh (+0.39%)
Yacktman Fund 2,500,000 sh (unchged)
First Pacific Advisors 37,600 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Michael Price 100,000 sh (unchged)
Tom Russo 51,100 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Mairs and Power 13,064 sh (unchged)
Louis Moore Bacon 150,000 sh (unchged)
Paul Tudor Jones 12,200 sh (unchged)
Paul Tudor Jones 136,700 sh (unchged)
Ruane Cunniff Sold Out
Chris Davis Sold Out
Jeremy Grantham Sold Out
David Tepper Sold Out
Jana Partners Sold Out
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
Donald Yacktman 2,782,900 sh (-0.05%)
John Buckingham 264,135 sh (-0.12%)
Charles Brandes 9,031,466 sh (-0.54%)
Mario Gabelli 116,439 sh (-0.77%)
Richard Pzena 29,946,738 sh (-1.09%)
Barrow, Hanley, Mewhinney & Strauss 84,061,846 sh (-1.49%)
Murray Stahl 41,844 sh (-2.36%)
David Dreman 141,996 sh (-3.03%)
Bill Nygren 32,900,000 sh (-5.46%)
Pioneer Investments 3,162,937 sh (-6.82%)
Richard Snow 2,653,093 sh (-9.03%)
Manning & Napier Advisors, Inc 117,424 sh (-9.35%)
T Rowe Price Equity Income Fund 18,900,000 sh (-12.70%)
NWQ Managers 4,023,331 sh (-17.45%)
Kahn Brothers 30,500 sh (-21.68%)
» More
Q3 2016

BAC Guru Trades in Q3 2016

Jim Simons 7,677,366 sh (New)
Stanley Druckenmiller 1,579,700 sh (New)
Alan Fournier 3,513,600 sh (New)
Paul Tudor Jones 314,759 sh (New)
Steven Cohen 1,058,300 sh (New)
David Tepper 4,135,303 sh (New)
Andreas Halvorsen 25,110,973 sh (New)
Joel Greenblatt 56,195 sh (+59.52%)
David Dreman 163,916 sh (+15.44%)
Charles de Vaulx 6,048,784 sh (+7.72%)
NWQ Managers 4,266,098 sh (+6.03%)
Dodge & Cox 228,153,359 sh (+2.77%)
Donald Yacktman 2,800,000 sh (+0.61%)
First Pacific Advisors 32,943,120 sh (+0.46%)
Steven Romick 24,829,840 sh (unchged)
Yacktman Fund 2,500,000 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Donald Smith 351,672 sh (unchged)
Ken Heebner 8,560,000 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Mairs and Power 13,064 sh (unchged)
Ronald Muhlenkamp 30,000 sh (unchged)
First Pacific Advisors 37,600 sh (unchged)
Louis Moore Bacon 150,000 sh (unchged)
George Soros 1,372,500 sh (unchged)
Tom Russo 51,100 sh (unchged)
Michael Price 100,000 sh (unchged)
George Soros Sold Out
John Burbank Sold Out
Mario Gabelli 116,039 sh (-0.34%)
Richard Snow 2,630,000 sh (-0.87%)
Manning & Napier Advisors, Inc 116,284 sh (-0.97%)
John Buckingham 261,365 sh (-1.05%)
Charles Brandes 8,911,363 sh (-1.33%)
Jeff Auxier 361,565 sh (-1.61%)
Bill Nygren 32,300,000 sh (-1.82%)
Murray Stahl 39,857 sh (-4.75%)
Barrow, Hanley, Mewhinney & Strauss 79,609,333 sh (-5.30%)
Richard Pzena 28,110,981 sh (-6.13%)
HOTCHKIS & WILEY 55,714,856 sh (-7.84%)
Kahn Brothers 27,624 sh (-9.43%)
Ken Fisher 35,754,237 sh (-17.36%)
Diamond Hill Capital 10,690 sh (-27.48%)
Pioneer Investments 2,113,632 sh (-33.18%)
T Rowe Price Equity Income Fund 11,900,000 sh (-37.04%)
Caxton Associates 250,000 sh (-50.00%)
Bruce Berkowitz 1,713,203 sh (-86.79%)
Louis Moore Bacon 555,443 sh (-88.89%)
» More
Q4 2016

BAC Guru Trades in Q4 2016

Ken Fisher 36,169,952 sh (+1.16%)
Steven Romick 20,202,520 sh (-18.64%)
T Rowe Price Equity Income Fund 9,650,000 sh (-18.91%)
» More
» Details

Insider Trades

Latest Guru Trades with NYSE:BAC

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Preferred stocks of Bank of America Corporation

SymbolPriceYieldDescription
BACPRL1184.654.59Pfd Shs Series -L-
BMLPRL23.284.37Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 5
BMLPRG20.331.84Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 1
BMLPRH20.251.87Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 2
BMLPRI25.533.12Bank of America Corporation,6.375% Non-Cumulative Preferred Stock, Series 3
BMLPRJ23.324.36Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 4
BACPRI25.716.446.625% Dep Shares Series I Non-Cumulative Preferred Stock
BACPRD25.406.11Shr 1/1,000th Int 6.204 % Non Cum Pfd Shs Series -D
BACPRE22.502.25Shr 1/1,000th Int Flt Rate Non-Cum Prf , Ser E
BACRP14.650.007% Pfd Shs Series B
BACPRW26.303.15Non-Cum Pfd Shs Ser -W-
BACPRY26.184.66Deposit Shs Repr 1/1000th 6.500 % Non-Cum Pfd Shs Series -Y-
BACPRC25.663.02Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -CC-
BACPRA25.601.46Deposit Shs Repr 1/1,000th Non-Cum Pfd Shs Series -EE-

Business Description

Industry: Banks » Banks - Global    NAICS: 522110    SIC: 6021
Compare:OTCPK:IDCBF, OTCPK:CICHF, NYSE:WFC, NYSE:C, OTCPK:HBCYF, NYSE:JPM, OTCPK:ACGBF, OTCPK:BACHF, OTCPK:CMWAY, NYSE:TD, NYSE:MTU, NYSE:WBK, OTCPK:BCDRF, NYSE:BNS, OTCPK:ANZBY, NYSE:UBS, OTCPK:NABZY, OTCPK:INGVF, NYSE:SMFG, OTCPK:BCLYF » 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 Banking, Global Wealth and Investment Management, Global Banking, Global Markets and Legacy Assets & Servicing. Consumer Banking offers a diversified range of credit, banking and investment products and services to consumers and small businesses. Consumer Banking product offerings include traditional savings accounts, money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans to consumers and small businesses in the U.S. Global Wealth and Investment Management provides a high-touch client experience through a network of financial advisors focused on clients, including tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products. Global Banking provides lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. Global Markets offers sales and trading services, including research, to institutional clients across fixed-income, credit, currency, commodity and equity businesses. Its product coverage includes securities and derivative products in primary and secondary markets. It provides market-making, financing, securities clearing, settlement and custody services globally to institutional investor clients in support of their investing and trading activities. Legacy Assets & Servicing is responsible for mortgage servicing activities related to residential first mortgage and home equity loans.

Guru Investment Theses on Bank of America Corporation

Herro and Nygren Comment on Bank of America - Jan 11, 2017

Bank of America (NYSE:BAC), one of the biggest U.S. banks, was the largest contributor to performance for the quarter, returning 42%. Bank of America’s share price reacted positively to third-quarter results that showed strong capital market performance and healthy loan and deposit growth. The election of Donald Trump further boosted Bank of America’s stock price amid investors’ expectations that a Trump administration would lead to less regulation. Additionally, the president-elect has promised to boost economic growth, which should allow for interest rates to return to more normalized levels and benefit companies in the financials sector. We believe an improving interest rate environment, along with additional expense reductions and continued share repurchases, will drive strong EPS growth over the next several years. At its current price, we believe Bank of America remains undervalued.



From David Herro (Trades, Portfolio) and Bill Nygren (Trades, Portfolio)'s Oakmark Global Select Fund fourth quarter 2016 commentary.

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Dodge & Cox Comments on Bank of America - Aug 15, 2016

The largest bank in the United States by deposits, Bank of America (NYSE:BAC) has leading positions in the lines of business that comprise the majority of its revenues, including consumer banking and wealth management. Since the financial crisis, Bank of America has gained market share in its core businesses and navigated ever tougher regulatory requirements, while increasing capital and liquidity. As a part of its restructuring plan, management has simplified the business, reduced expenses, and implemented a more customer-focused strategy. Longer term, improved fundamentals and potential cyclical tailwinds (e.g., additional loan growth, higher rates, increased capital markets activity) could produce a significantly higher return on assets, as well as multiple expansion, dividend increases, and/or share repurchases.



Bank of America—trading at 0.8 times tangible book value and nine times forward earningsb—has one of the lowest valuations among its peers. While a prolonged low interest-rate environment would continue to pressure net interest margins and profitability, we believe the bank’s inexpensive valuation, strong business franchises, and capable management team make it a compelling investment opportunity. Hence, we added to the Fund’s position in Bank of America, which comprised 3.2% of the Fund on June 30.



From Dodge & Cox's second quarter 2016 shareholder letter.



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Bruce Berkowitz Comments on Bank of America - Aug 02, 2016

Improving operating efficiencies more than counter declining net interest margins. Bank of America (NYSE:BAC)’s return on tangible assets has hit our 10% goal. Yet, common share prices remain below tangible assets (on a per share basis). Recent regulatory approval for a 50% increase in dividends and another $5 billion of stock buybacks will improve capital allocation.




From Bruce Berkowitz (Trades, Portfolio)'s first-half 2016 letter to shareholders.

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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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Top Ranked Articles about Bank of America Corporation

Herro and Nygren Comment on Bank of America Guru stock highlight
Bank of America (NYSE:BAC), one of the biggest U.S. banks, was the largest contributor to performance for the quarter, returning 42%. Bank of America’s share price reacted positively to third-quarter results that showed strong capital market performance and healthy loan and deposit growth. The election of Donald Trump further boosted Bank of America’s stock price amid investors’ expectations that a Trump administration would lead to less regulation. Additionally, the president-elect has promised to boost economic growth, which should allow for interest rates to return to more normalized levels and benefit companies in the financials sector. We believe an improving interest rate environment, along with additional expense reductions and continued share repurchases, will drive strong EPS growth over the next several years. At its current price, we believe Bank of America remains undervalued. Read more...
Warren Buffett's Real Fourth-Largest Holding More Than Triples Arguably his best play of recent years
A little over five years ago, CEO of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) Warren Buffett (Trades, Portfolio) lent the second largest bank in America money. Buffett, stepping in when confidence in the bank’s capital base wavered and its stock dropped to near financial crisis levels, got warrants for a steal, and has his profits on the move keep growing. Not listed in his portfolio, it has become his real fourth-largest position. Read more...
Tom Russo's Best Investments of the Year Assets with the highest returns year to date
Tom Russo (Trades, Portfolio) oversees $3 billion as a general partner of the Semper Vic Partners and Semper Vic Partners (Q.P.) limited partnerships. He also oversees funds in discretionary, individually managed accounts for individuals, trusts and endowments. The following are the best performers of his investments this year. Read more...
David Dreman Gains, Increases Multiple Positions in 3rd Quarter The guru heavily invested in 2 holdings
David Dreman (Trades, Portfolio) is the founder and chairman of Dreman Value Management LLC and also serves as the firm's chief investment officer. During the third quarter, the guru’s largest buys were the following: Read more...
18 Questions With John Huber of Saber Capital Management Goal: 'Make meaningful investments in high-quality businesses at attractive prices'
1. How and why did you get started investing? What is your background? Read more...
What Is Your Edge? Less about knowing more than everyone else about a specific stock, more about the mindset
A couple months ago I read an investment write-up on a large-cap stock that is one of the most widely followed and largest companies in the S&P 500. There was a comment that basically asked the following question: “What is your edge with this stock?” Read more...
Donald Yacktman Invests in Bank of America, Berkshire Twenty-First Century Fox is guru's largest buy of 3rd quarter
Donald Yacktman (Trades, Portfolio) is the president and co-chief investment officer of Yacktman Asset Management Co. He is also a co-manager for the Yacktman Fund (Trades, Portfolio). During the third quarter the guru’s largest buys were the following: Read more...
Alan Fournier Invests in Leidos Holdings, Bank of America The investor's largest 3rd-quarter buys
Alan Fournier (Trades, Portfolio) manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund Ltd. and Pennant General Partner LLC. During the third quarter the guru’s largest buys were the following: Read more...
Hotchkis & Wiley Trims Corning, Microsoft, Exits HP Firm's largest trades in the 3rd quarter
HOTCHKIS & WILEY was formed in Los Angeles in 1980 and has focused exclusively on finding and owning undervalued companies that have a significant potential for appreciation. During the third quarter the guru’s largest sells were the following: Read more...
9 Stocks Joel Greenblatt Continues to Buy The guru's largest buys of the 2nd and 3rd quarters
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management LLC. In both the second and third quarters the guru bought shares in the following stocks: Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 18.26
BAC's P/E(ttm) is ranked lower than
65% of the 1490 Companies
in the Global Banks - Global industry.

( Industry Median: 14.41 vs. BAC: 18.26 )
Ranked among companies with meaningful P/E(ttm) only.
BAC' s P/E(ttm) Range Over the Past 10 Years
Min: 4.13  Med: 15.39 Max: 49.94
Current: 18.26
4.13
49.94
Forward P/E 13.95
BAC's Forward P/E is ranked higher than
62% of the 360 Companies
in the Global Banks - Global industry.

( Industry Median: 15.55 vs. BAC: 13.95 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 18.26
BAC's PE(NRI) is ranked lower than
65% of the 1487 Companies
in the Global Banks - Global industry.

( Industry Median: 14.49 vs. BAC: 18.26 )
Ranked among companies with meaningful PE(NRI) only.
BAC' s PE(NRI) Range Over the Past 10 Years
Min: 4.13  Med: 15.39 Max: 49.94
Current: 18.26
4.13
49.94
Price/Owner Earnings (ttm) 9.41
BAC's Price/Owner Earnings (ttm) is ranked higher than
68% of the 876 Companies
in the Global Banks - Global industry.

( Industry Median: 14.83 vs. BAC: 9.41 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
BAC' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 0.75  Med: 5.5 Max: 165.19
Current: 9.41
0.75
165.19
P/B 0.95
BAC's P/B is ranked higher than
65% of the 1602 Companies
in the Global Banks - Global industry.

( Industry Median: 1.16 vs. BAC: 0.95 )
Ranked among companies with meaningful P/B only.
BAC' s P/B Range Over the Past 10 Years
Min: 0.12  Med: 0.72 Max: 1.86
Current: 0.95
0.12
1.86
P/S 3.14
BAC's P/S is ranked higher than
54% of the 1580 Companies
in the Global Banks - Global industry.

( Industry Median: 3.43 vs. BAC: 3.14 )
Ranked among companies with meaningful P/S only.
BAC' s P/S Range Over the Past 10 Years
Min: 0.18  Med: 1.89 Max: 3.62
Current: 3.14
0.18
3.62
POCF 8.06
BAC's POCF is ranked higher than
62% of the 891 Companies
in the Global Banks - Global industry.

( Industry Median: 10.98 vs. BAC: 8.06 )
Ranked among companies with meaningful POCF only.
BAC' s POCF Range Over the Past 10 Years
Min: 0.3  Med: 3.57 Max: 363.25
Current: 8.06
0.3
363.25
EV-to-EBIT 16.16
BAC's EV-to-EBIT is ranked lower than
62% of the 1210 Companies
in the Global Banks - Global industry.

( Industry Median: 12.67 vs. BAC: 16.16 )
Ranked among companies with meaningful EV-to-EBIT only.
BAC' s EV-to-EBIT Range Over the Past 10 Years
Min: -1578.3  Med: 22.1 Max: 853.7
Current: 16.16
-1578.3
853.7
EV-to-EBITDA 14.63
BAC's EV-to-EBITDA is ranked lower than
62% of the 1217 Companies
in the Global Banks - Global industry.

( Industry Median: 11.34 vs. BAC: 14.63 )
Ranked among companies with meaningful EV-to-EBITDA only.
BAC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -160.5  Med: 25.4 Max: 621.5
Current: 14.63
-160.5
621.5
PEG 0.35
BAC's PEG is ranked higher than
89% of the 754 Companies
in the Global Banks - Global industry.

( Industry Median: 1.35 vs. BAC: 0.35 )
Ranked among companies with meaningful PEG only.
BAC' s PEG Range Over the Past 10 Years
Min: 0.3  Med: 0.8 Max: 4.18
Current: 0.35
0.3
4.18
Shiller P/E 24.77
BAC's Shiller P/E is ranked lower than
61% of the 483 Companies
in the Global Banks - Global industry.

( Industry Median: 9999.00 vs. BAC: 24.77 )
Ranked among companies with meaningful Shiller P/E only.
BAC' s Shiller P/E Range Over the Past 10 Years
Min: 0.96  Med: 7.49 Max: 24.83
Current: 24.77
0.96
24.83

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.09
BAC's Dividend Yield is ranked lower than
70% of the 2346 Companies
in the Global Banks - Global industry.

( Industry Median: 2.65 vs. BAC: 1.09 )
Ranked among companies with meaningful Dividend Yield only.
BAC' s Dividend Yield Range Over the Past 10 Years
Min: 0.22  Med: 0.99 Max: 59.1
Current: 1.09
0.22
59.1
Dividend Payout 0.16
BAC's Dividend Payout is ranked higher than
84% of the 1313 Companies
in the Global Banks - Global industry.

( Industry Median: 0.32 vs. BAC: 0.16 )
Ranked among companies with meaningful Dividend Payout only.
BAC' s Dividend Payout Range Over the Past 10 Years
Min: 0.04  Med: 0.4 Max: 4.15
Current: 0.16
0.04
4.15
Dividend Growth (3y) 71.00
BAC's Dividend Growth (3y) is ranked higher than
95% of the 728 Companies
in the Global Banks - Global industry.

( Industry Median: 8.40 vs. BAC: 71.00 )
Ranked among companies with meaningful Dividend Growth (3y) only.
BAC' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -74.5  Med: 12.2 Max: 71
Current: 71
-74.5
71
Forward Dividend Yield 1.30
BAC's Forward Dividend Yield is ranked lower than
65% of the 2244 Companies
in the Global Banks - Global industry.

( Industry Median: 2.84 vs. BAC: 1.30 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 5.51
BAC's Yield on cost (5-Year) is ranked higher than
87% of the 2639 Companies
in the Global Banks - Global industry.

( Industry Median: 3.36 vs. BAC: 5.51 )
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: 1.11  Med: 5.01 Max: 299.02
Current: 5.51
1.11
299.02
3-Year Average Share Buyback Ratio 1.20
BAC's 3-Year Average Share Buyback Ratio is ranked higher than
87% of the 1039 Companies
in the Global Banks - Global industry.

( Industry Median: -2.10 vs. BAC: 1.20 )
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: -40.8  Med: -7.6 Max: 3.7
Current: 1.2
-40.8
3.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.37
BAC's Price/Tangible Book is ranked lower than
57% of the 1595 Companies
in the Global Banks - Global industry.

( Industry Median: 1.23 vs. BAC: 1.37 )
Ranked among companies with meaningful Price/Tangible Book only.
BAC' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.46  Med: 2.61 Max: 6.43
Current: 1.37
0.46
6.43
Price/Projected FCF 0.44
BAC's Price/Projected FCF is ranked higher than
81% of the 883 Companies
in the Global Banks - Global industry.

( Industry Median: 0.78 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: 0.09  Med: 0.84 Max: 3.91
Current: 0.44
0.09
3.91
Price/Median PS Value 1.66
BAC's Price/Median PS Value is ranked lower than
85% of the 1458 Companies
in the Global Banks - Global industry.

( Industry Median: 1.14 vs. BAC: 1.66 )
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: 1.22 Max: 2.23
Current: 1.66
0.2
2.23
Price/Graham Number 1.06
BAC's Price/Graham Number is ranked lower than
57% of the 1405 Companies
in the Global Banks - Global industry.

( Industry Median: 0.95 vs. BAC: 1.06 )
Ranked among companies with meaningful Price/Graham Number only.
BAC' s Price/Graham Number Range Over the Past 10 Years
Min: 0.5  Med: 1.3 Max: 2.99
Current: 1.06
0.5
2.99
Earnings Yield (Greenblatt) (%) 6.20
BAC's Earnings Yield (Greenblatt) (%) is ranked higher than
54% of the 1598 Companies
in the Global Banks - Global industry.

( Industry Median: 5.70 vs. BAC: 6.20 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
BAC' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.1  Med: 3.9 Max: 9
Current: 6.2
0.1
9
Forward Rate of Return (Yacktman) (%) -41.60
BAC's Forward Rate of Return (Yacktman) (%) is ranked lower than
97% of the 867 Companies
in the Global Banks - Global industry.

( Industry Median: 11.21 vs. BAC: -41.60 )
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: -41.6  Med: 8.6 Max: 115.4
Current: -41.6
-41.6
115.4

More Statistics

Revenue (TTM) (Mil) $81,212
EPS (TTM) $ 1.26
Beta1.31
Short Percentage of Float1.05%
52-Week Range $10.99 - 23.41
Shares Outstanding (Mil)10,105.05

Analyst Estimate

Dec16 Dec17 Dec18 Dec19
Revenue (Mil $) 83,599 86,879 91,519
EPS ($) 1.38 1.61 1.97 2.22
EPS w/o NRI ($) 1.38 1.61 1.97 2.22
EPS Growth Rate
(3Y to 5Y Estimate)
12.50%
Dividends Per Share ($) 0.25 0.36 0.46
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