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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 : 5/10

vs
industry
vs
history
Cash-to-Debt 0.66
NYSE:BAC's Cash-to-Debt is ranked lower than
69% of the 1495 Companies
in the Global Banks - Global industry.

( Industry Median: 1.97 vs. NYSE:BAC: 0.66 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:BAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1  Med: 0.33 Max: 0.66
Current: 0.66
0.1
0.66
Equity-to-Asset 0.12
NYSE:BAC's Equity-to-Asset is ranked higher than
71% of the 1496 Companies
in the Global Banks - Global industry.

( Industry Median: 0.10 vs. NYSE:BAC: 0.12 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:BAC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07  Med: 0.09 Max: 0.12
Current: 0.12
0.07
0.12
Interest Coverage 2.31
NYSE:BAC's Interest Coverage is ranked higher than
59% of the 1758 Companies
in the Global Banks - Global industry.

( Industry Median: 1.61 vs. NYSE:BAC: 2.31 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:BAC' s Interest Coverage Range Over the Past 10 Years
Min: 0.11  Med: 0.57 Max: 2.53
Current: 2.31
0.11
2.53
Beneish M-Score: -0.47
WACC vs ROIC
7.93%
4.69%
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 : 3/10

vs
industry
vs
history
Operating Margin % 28.19
NYSE:BAC's Operating Margin % is ranked lower than
57% of the 1511 Companies
in the Global Banks - Global industry.

( Industry Median: 30.68 vs. NYSE:BAC: 28.19 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:BAC' s Operating Margin % Range Over the Past 10 Years
Min: -1.2  Med: 7.68 Max: 31.31
Current: 28.19
-1.2
31.31
Net Margin % 20.31
NYSE:BAC's Net Margin % is ranked lower than
56% of the 1510 Companies
in the Global Banks - Global industry.

( Industry Median: 21.91 vs. NYSE:BAC: 20.31 )
Ranked among companies with meaningful Net Margin % only.
NYSE:BAC' s Net Margin % Range Over the Past 10 Years
Min: -2.03  Med: 5.97 Max: 22.42
Current: 20.31
-2.03
22.42
ROE % 5.62
NYSE:BAC's ROE % is ranked lower than
70% of the 1509 Companies
in the Global Banks - Global industry.

( Industry Median: 8.30 vs. NYSE:BAC: 5.62 )
Ranked among companies with meaningful ROE % only.
NYSE:BAC' s ROE % Range Over the Past 10 Years
Min: -1.56  Med: 1.73 Max: 10.42
Current: 5.62
-1.56
10.42
ROA % 0.76
NYSE:BAC's ROA % is ranked lower than
57% of the 1518 Companies
in the Global Banks - Global industry.

( Industry Median: 0.87 vs. NYSE:BAC: 0.76 )
Ranked among companies with meaningful ROA % only.
NYSE:BAC' s ROA % Range Over the Past 10 Years
Min: -0.1  Med: 0.29 Max: 0.94
Current: 0.76
-0.1
0.94
3-Year Revenue Growth Rate -0.70
NYSE:BAC's 3-Year Revenue Growth Rate is ranked lower than
72% of the 1316 Companies
in the Global Banks - Global industry.

( Industry Median: 3.90 vs. NYSE:BAC: -0.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:BAC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -20.8  Med: 3.7 Max: 8.9
Current: -0.7
-20.8
8.9
3-Year EBITDA Growth Rate 14.80
NYSE:BAC's 3-Year EBITDA Growth Rate is ranked higher than
73% of the 1228 Companies
in the Global Banks - Global industry.

( Industry Median: 6.20 vs. NYSE:BAC: 14.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:BAC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -63.3  Med: 8.8 Max: 83.9
Current: 14.8
-63.3
83.9
3-Year EPS without NRI Growth Rate 18.60
NYSE:BAC's 3-Year EPS without NRI Growth Rate is ranked higher than
76% of the 1184 Companies
in the Global Banks - Global industry.

( Industry Median: 7.30 vs. NYSE:BAC: 18.60 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NYSE:BAC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -73.5  Med: 11 Max: 247.6
Current: 18.6
-73.5
247.6
GuruFocus has detected 4 Warning Signs with Bank of America Corporation $NYSE:BAC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:BAC's 10-Y Financials

Financials (Next Earnings Date: 2017-04-13 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating 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

Daniel Loeb 17,500,000 sh (New)
Ray Dalio 335,300 sh (New)
David Swensen 9,500 sh (New)
Julian Robertson 1,318,300 sh (New)
John Griffin 13,953,800 sh (New)
Sarah Ketterer 3,873,312 sh (New)
Eric Mindich 6,230,000 sh (New)
George Soros 179,000 sh (New)
Steve Mandel 21,671,362 sh (New)
Caxton Associates 700,000 sh (+180.00%)
Stanley Druckenmiller 2,562,400 sh (+62.21%)
Richard Snow 3,643,746 sh (+38.55%)
Steven Cohen 1,350,913 sh (+27.65%)
Paul Tudor Jones 367,056 sh (+16.61%)
Murray Stahl 43,967 sh (+10.31%)
Ken Fisher 36,169,952 sh (+1.16%)
Pioneer Investments 2,116,300 sh (+0.13%)
Kahn Brothers 27,624 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Ronald Muhlenkamp 30,000 sh (unchged)
Mario Gabelli 116,039 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
First Pacific Advisors 37,600 sh (unchged)
Michael Price 100,000 sh (unchged)
Eric Mindich 4,000,000 sh (unchged)
Jim Simons Sold Out
David Tepper Sold Out
Bruce Berkowitz Sold Out
John Buckingham 261,283 sh (-0.03%)
Donald Smith 351,496 sh (-0.05%)
Jeff Auxier 359,715 sh (-0.51%)
Mairs and Power 12,942 sh (-0.93%)
Joel Greenblatt 55,625 sh (-1.01%)
Ken Heebner 8,410,000 sh (-1.75%)
Tom Russo 50,100 sh (-1.96%)
Manning & Napier Advisors, Inc 109,904 sh (-5.49%)
NWQ Managers 4,008,703 sh (-6.03%)
Charles Brandes 8,288,648 sh (-6.99%)
Alan Fournier 3,241,900 sh (-7.73%)
Diamond Hill Capital 9,633 sh (-9.89%)
Barrow, Hanley, Mewhinney & Strauss 71,688,311 sh (-9.95%)
David Dreman 141,385 sh (-13.75%)
Richard Pzena 23,479,533 sh (-16.48%)
First Pacific Advisors 27,239,510 sh (-17.31%)
Dodge & Cox 188,215,841 sh (-17.50%)
Steven Romick 20,202,520 sh (-18.64%)
T Rowe Price Equity Income Fund 9,650,000 sh (-18.91%)
Charles de Vaulx 4,778,479 sh (-21.00%)
Bill Nygren 21,300,000 sh (-34.06%)
HOTCHKIS & WILEY 35,085,882 sh (-37.03%)
Yacktman Fund 1,300,000 sh (-48.00%)
Donald Yacktman 1,450,000 sh (-48.21%)
Andreas Halvorsen 9,431,935 sh (-62.44%)
» More
» Details

Insider Trades

Latest Guru Trades with BAC

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Preferred stocks of Bank of America Corporation

SymbolPriceYieldDescription
BACPRL1206.003.01Pfd Shs Series -L-
BMLPRL23.173.28Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 5
BMLPRG21.380.88Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 1
BMLPRH21.410.88Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 2
BMLPRI25.886.16Bank of America Corporation,6.375% Non-Cumulative Preferred Stock, Series 3
BMLPRJ23.393.25Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 4
BACPRI25.896.406.625% Dep Shares Series I Non-Cumulative Preferred Stock
BACPRD25.576.07Shr 1/1,000th Int 6.204 % Non Cum Pfd Shs Series -D
BACPRE22.993.31Shr 1/1,000th Int Flt Rate Non-Cum Prf , Ser E
BACRP14.650.007% Pfd Shs Series B
BACPRW26.461.56Non-Cum Pfd Shs Ser -W-
BACPRY26.683.05Deposit Shs Repr 1/1000th 6.500 % Non-Cum Pfd Shs Series -Y-
BACPRC26.012.98Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -CC-
BACPRA26.141.43Deposit 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:JPM, OTCPK:HBCYF, NYSE:C, OTCPK:BACHF, OTCPK:ACGBF, OTCPK:CMWAY, NYSE:TD, OTCPK:BCDRF, NYSE:MTU, OTCPK:WEBNF, NYSE:BNS, OTCPK:ANZBY, OTCPK:NABZY, NYSE:UBS, OTCPK:INGVF, NYSE:SMFG, NYSE:BBVA » 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 is one of the largest financial institutions in the United States and the world, with lending operations in the consumer, small-business, and corporate markets in addition to asset management and investment banking divisions. The company has operations in all 50 states.

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.

Check out Bill Nygren,David Herro latest stock trades

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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Top Ranked Articles about Bank of America Corporation

David Tepper Takes Big Risks for Big Rewards What can we learn from looking into the life and work of the top scoring guru?
Andreas Halvorsen Sells Amazon, MasterCard in 4th Quarter The guru's largest transactions
Andreas Halvorsen (Trades, Portfolio) is a founding partner of Viking Global Investors LP and serves as its CIO. During the fourth quarter, he sold shares in the following stocks: Read more...
Daniel Loeb Buys JPMorgan, Time Warner, Bank of America Guru's largest 4th-quarter buys
Daniel Loeb (Trades, Portfolio) founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio and risk management. During the fourth quarter of 2016, he bought shares in the following stocks: Read more...
3 Charlie Munger-Approved Banks As financials continue to rally, Warren Buffett's partner, who made a killing in the financial crisis, likes these banks
Charlie Munger (Trades, Portfolio) is an investor and the business partner of the world’s most famous investor, Warren Buffett (Trades, Portfolio), but he is also among the rarified group that cleaned up during the financial crisis. The fountain of wit, wisdom and ice-cold discipline got into the market at its most despairing and quietly made a small fortune, primarily on banks, which he still owns nearly a decade later. With the rally in financials in recent months, Munger has three that continue to thrive. Read more...
Buffett and Bank of America: A Waiting Game Berkshire Hathaway is set for a huge payoff, but it’s prepared to wait
Warren Buffett (Trades, Portfolio)’s annual letter to shareholders of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) was published earlier this week, and over the last few days, investors have been scanning the document for nuggets of advice from the Oracle of Omaha – as well as trying to predict what his next moves will be. Read more...
Warren Buffett Comments on Bank of America Guru stock highlight
Excluded from the table – but important – is our ownership of $5 billion of preferred stock issued by Bank of America (NYSE:BAC). This stock, which pays us $300 million per year, also carries with it a valuable warrant allowing Berkshire to purchase 700 million common shares of Bank of America for $5 billion at any time before September 2, 2021. At yearend, that privilege would have delivered us a profit of $10.5 billion. If it wishes, Berkshire can use its preferred shares to satisfy the $5 billion cost of exercising the warrant. Read more...
Bruce Berkowitz Sells Final Financial Crisis Bet Bank of America Exit also narrows portfolio to several contrarian stocks
Completing his exit from Bank of America (NYSE:BAC) in the fourth quarter also erased the final holdover from Bruce Berkowitz’s famed bets on distressed financials brought to their knees in the 2008 market crisis. Read more...
Daniel Loeb Picks Up Rate-Sensitive Financials, Drops Pharma Third Point hedge fund made drastic changes after Trump's election surprised him
Daniel Loeb (Trades, Portfolio)’s weighting in financial services expanded to 14.4% from 6.3% in the fourth quarter, as he bought shares of three big banks and nixed several positions in health care. Read more...
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...

Ratios

vs
industry
vs
history
PE Ratio 16.90
BAC's PE Ratio is ranked lower than
65% of the 1941 Companies
in the Global Banks - Global industry.

( Industry Median: 13.56 vs. BAC: 16.90 )
Ranked among companies with meaningful PE Ratio only.
BAC' s PE Ratio Range Over the Past 10 Years
Min: 4.13  Med: 16.42 Max: 48.59
Current: 16.9
4.13
48.59
Forward PE Ratio 13.57
BAC's Forward PE Ratio is ranked higher than
55% of the 526 Companies
in the Global Banks - Global industry.

( Industry Median: 14.33 vs. BAC: 13.57 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 16.90
BAC's PE Ratio without NRI is ranked lower than
62% of the 1635 Companies
in the Global Banks - Global industry.

( Industry Median: 14.25 vs. BAC: 16.90 )
Ranked among companies with meaningful PE Ratio without NRI only.
BAC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 4.13  Med: 16.42 Max: 48.59
Current: 16.9
4.13
48.59
Price-to-Owner-Earnings 28.92
BAC's Price-to-Owner-Earnings is ranked lower than
87% of the 905 Companies
in the Global Banks - Global industry.

( Industry Median: 14.04 vs. BAC: 28.92 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
BAC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 0.75  Med: 5.5 Max: 165.19
Current: 28.92
0.75
165.19
PB Ratio 0.98
BAC's PB Ratio is ranked higher than
64% of the 1810 Companies
in the Global Banks - Global industry.

( Industry Median: 1.17 vs. BAC: 0.98 )
Ranked among companies with meaningful PB Ratio only.
BAC' s PB Ratio Range Over the Past 10 Years
Min: 0.12  Med: 0.72 Max: 1.86
Current: 0.98
0.12
1.86
PS Ratio 3.13
BAC's PS Ratio is ranked higher than
55% of the 1833 Companies
in the Global Banks - Global industry.

( Industry Median: 3.32 vs. BAC: 3.13 )
Ranked among companies with meaningful PS Ratio only.
BAC' s PS Ratio Range Over the Past 10 Years
Min: 0.18  Med: 1.89 Max: 3.62
Current: 3.13
0.18
3.62
Price-to-Free-Cash-Flow 14.16
BAC's Price-to-Free-Cash-Flow is ranked lower than
58% of the 1008 Companies
in the Global Banks - Global industry.

( Industry Median: 11.76 vs. BAC: 14.16 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
BAC' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 0.31  Med: 3.62 Max: 914.17
Current: 14.16
0.31
914.17
Price-to-Operating-Cash-Flow 14.16
BAC's Price-to-Operating-Cash-Flow is ranked lower than
65% of the 1096 Companies
in the Global Banks - Global industry.

( Industry Median: 10.62 vs. BAC: 14.16 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
BAC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.3  Med: 3.71 Max: 464.1
Current: 14.16
0.3
464.1
EV-to-EBIT 14.87
BAC's EV-to-EBIT is ranked lower than
65% of the 1558 Companies
in the Global Banks - Global industry.

( Industry Median: 11.64 vs. BAC: 14.87 )
Ranked among companies with meaningful EV-to-EBIT only.
BAC' s EV-to-EBIT Range Over the Past 10 Years
Min: -1578.3  Med: 22.15 Max: 853.7
Current: 14.87
-1578.3
853.7
EV-to-EBITDA 13.54
BAC's EV-to-EBITDA is ranked lower than
64% of the 1576 Companies
in the Global Banks - Global industry.

( Industry Median: 10.00 vs. BAC: 13.54 )
Ranked among companies with meaningful EV-to-EBITDA only.
BAC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -160.5  Med: 25.45 Max: 621.5
Current: 13.54
-160.5
621.5
PEG Ratio 0.35
BAC's PEG Ratio is ranked higher than
90% of the 780 Companies
in the Global Banks - Global industry.

( Industry Median: 1.43 vs. BAC: 0.35 )
Ranked among companies with meaningful PEG Ratio only.
BAC' s PEG Ratio Range Over the Past 10 Years
Min: 0.3  Med: 0.79 Max: 4.18
Current: 0.35
0.3
4.18
Shiller PE Ratio 27.58
BAC's Shiller PE Ratio is ranked lower than
72% of the 496 Companies
in the Global Banks - Global industry.

( Industry Median: 20.63 vs. BAC: 27.58 )
Ranked among companies with meaningful Shiller PE Ratio only.
BAC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 0.96  Med: 7.31 Max: 29.93
Current: 27.58
0.96
29.93

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.17
BAC's Dividend Yield % is ranked lower than
67% of the 2303 Companies
in the Global Banks - Global industry.

( Industry Median: 2.69 vs. BAC: 1.17 )
Ranked among companies with meaningful Dividend Yield % only.
BAC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.22  Med: 1 Max: 59.1
Current: 1.17
0.22
59.1
Dividend Payout Ratio 0.17
BAC's Dividend Payout Ratio is ranked higher than
83% of the 1315 Companies
in the Global Banks - Global industry.

( Industry Median: 0.33 vs. BAC: 0.17 )
Ranked among companies with meaningful Dividend Payout Ratio only.
BAC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.04  Med: 0.23 Max: 4.15
Current: 0.17
0.04
4.15
3-Year Dividend Growth Rate 84.20
BAC's 3-Year Dividend Growth Rate is ranked higher than
98% of the 772 Companies
in the Global Banks - Global industry.

( Industry Median: 7.60 vs. BAC: 84.20 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
BAC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -74.5  Med: 12.2 Max: 84.2
Current: 84.2
-74.5
84.2
Forward Dividend Yield % 1.28
BAC's Forward Dividend Yield % is ranked lower than
67% of the 2274 Companies
in the Global Banks - Global industry.

( Industry Median: 2.95 vs. BAC: 1.28 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 10.10
BAC's 5-Year Yield-on-Cost % is ranked higher than
96% of the 2649 Companies
in the Global Banks - Global industry.

( Industry Median: 3.27 vs. BAC: 10.10 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
BAC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.9  Med: 8.63 Max: 510.25
Current: 10.1
1.9
510.25
3-Year Average Share Buyback Ratio 1.70
BAC's 3-Year Average Share Buyback Ratio is ranked higher than
90% of the 1010 Companies
in the Global Banks - Global industry.

( Industry Median: -1.60 vs. BAC: 1.70 )
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: -31.4  Med: -3.1 Max: 3.7
Current: 1.7
-31.4
3.7

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.41
BAC's Price-to-Tangible-Book is ranked lower than
57% of the 1798 Companies
in the Global Banks - Global industry.

( Industry Median: 1.25 vs. BAC: 1.41 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
BAC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.46  Med: 2.06 Max: 4.3
Current: 1.41
0.46
4.3
Price-to-Intrinsic-Value-Projected-FCF 0.46
BAC's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
80% of the 1104 Companies
in the Global Banks - Global industry.

( Industry Median: 0.80 vs. BAC: 0.46 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
BAC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.09  Med: 0.61 Max: 3.91
Current: 0.46
0.09
3.91
Price-to-Median-PS-Value 1.67
BAC's Price-to-Median-PS-Value is ranked lower than
86% of the 1693 Companies
in the Global Banks - Global industry.

( Industry Median: 1.15 vs. BAC: 1.67 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
BAC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.32  Med: 1.32 Max: 1.83
Current: 1.67
0.32
1.83
Price-to-Peter-Lynch-Fair-Value 0.68
BAC's Price-to-Peter-Lynch-Fair-Value is ranked higher than
79% of the 533 Companies
in the Global Banks - Global industry.

( Industry Median: 1.15 vs. BAC: 0.68 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
BAC' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.64  Med: 1.3 Max: 2.26
Current: 0.68
0.64
2.26
Price-to-Graham-Number 1.03
BAC's Price-to-Graham-Number is ranked lower than
54% of the 1556 Companies
in the Global Banks - Global industry.

( Industry Median: 0.93 vs. BAC: 1.03 )
Ranked among companies with meaningful Price-to-Graham-Number only.
BAC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.8  Med: 1.37 Max: 3.39
Current: 1.03
0.8
3.39
Earnings Yield (Greenblatt) % 6.73
BAC's Earnings Yield (Greenblatt) % is ranked higher than
51% of the 2086 Companies
in the Global Banks - Global industry.

( Industry Median: 6.41 vs. BAC: 6.73 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
BAC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.1  Med: 4 Max: 9
Current: 6.73
0.1
9
Forward Rate of Return (Yacktman) % 62.13
BAC's Forward Rate of Return (Yacktman) % is ranked higher than
94% of the 891 Companies
in the Global Banks - Global industry.

( Industry Median: 11.45 vs. BAC: 62.13 )
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: -16.5  Med: 14 Max: 115.4
Current: 62.13
-16.5
115.4

More Statistics

Revenue (TTM) (Mil) $81,535
EPS (TTM) $ 1.38
Beta1.47
Short Percentage of Float1.08%
52-Week Range $12.05 - 25.80
Shares Outstanding (Mil)10,011.94

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 90,092 92,806 98,097
EPS ($) 1.79 2.09 2.53
EPS without NRI ($) 1.79 2.09 2.53
EPS Growth Rate
(Future 3Y To 5Y Estimate)
15.20%
Dividends per Share ($) 0.38 0.52 0.71
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