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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 0.53
BAC's Cash to Debt is ranked higher than
66% of the 1609 Companies
in the Global Banks - Global industry.

( Industry Median: 1.52 vs. BAC: 0.53 )
BAC' s 10-Year Cash to Debt Range
Min: 0.08   Max: 0.53
Current: 0.53

0.08
0.53
Equity to Asset 0.12
BAC's Equity to Asset is ranked higher than
80% of the 2017 Companies
in the Global Banks - Global industry.

( Industry Median: 0.09 vs. BAC: 0.12 )
BAC' s 10-Year Equity to Asset Range
Min: 0.07   Max: 0.12
Current: 0.12

0.07
0.12
Interest Coverage 0.63
BAC's Interest Coverage is ranked higher than
68% of the 1857 Companies
in the Global Banks - Global industry.

( Industry Median: 1.31 vs. BAC: 0.63 )
BAC' s 10-Year Interest Coverage Range
Min: 0.11   Max: 1.56
Current: 0.63

0.11
1.56
F-Score: 5
Z-Score: 0.17
WACC vs ROIC
6.03%
1.28%
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 : 5/10

vs
industry
vs
history
Operating margin (%) 8.14
BAC's Operating margin (%) is ranked higher than
54% of the 2053 Companies
in the Global Banks - Global industry.

( Industry Median: 30.14 vs. BAC: 8.14 )
BAC' s 10-Year Operating margin (%) Range
Min: -1.2   Max: 43.93
Current: 8.14

-1.2
43.93
Net-margin (%) 5.74
BAC's Net-margin (%) is ranked higher than
53% of the 2053 Companies
in the Global Banks - Global industry.

( Industry Median: 21.86 vs. BAC: 5.74 )
BAC' s 10-Year Net-margin (%) Range
Min: -2.03   Max: 29.04
Current: 5.74

-2.03
29.04
ROE (%) 2.04
BAC's ROE (%) is ranked higher than
54% of the 2055 Companies
in the Global Banks - Global industry.

( Industry Median: 8.65 vs. BAC: 2.04 )
BAC' s 10-Year ROE (%) Range
Min: -0.97   Max: 43.86
Current: 2.04

-0.97
43.86
ROA (%) 0.23
BAC's ROA (%) is ranked higher than
55% of the 2059 Companies
in the Global Banks - Global industry.

( Industry Median: 0.78 vs. BAC: 0.23 )
BAC' s 10-Year ROA (%) Range
Min: -0.1   Max: 3.12
Current: 0.23

-0.1
3.12
ROC (Joel Greenblatt) (%) 67.20
BAC's ROC (Joel Greenblatt) (%) is ranked higher than
73% of the 2025 Companies
in the Global Banks - Global industry.

( Industry Median: 78.88 vs. BAC: 67.20 )
BAC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -8.88   Max: 686.65
Current: 67.2

-8.88
686.65
Revenue Growth (3Y)(%) -4.40
BAC's Revenue Growth (3Y)(%) is ranked higher than
56% of the 1736 Companies
in the Global Banks - Global industry.

( Industry Median: 1.30 vs. BAC: -4.40 )
BAC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -25.3   Max: 8.6
Current: -4.4

-25.3
8.6
EBITDA Growth (3Y)(%) 40.60
BAC's EBITDA Growth (3Y)(%) is ranked higher than
99% of the 1567 Companies
in the Global Banks - Global industry.

( Industry Median: 6.70 vs. BAC: 40.60 )
BAC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -63.4   Max: 84.8
Current: 40.6

-63.4
84.8
EPS Growth (3Y)(%) 230.20
BAC's EPS Growth (3Y)(%) is ranked lower than
113% of the 1543 Companies
in the Global Banks - Global industry.

( Industry Median: 8.70 vs. BAC: 230.20 )
BAC' s 10-Year EPS Growth (3Y)(%) Range
Min: -73.7   Max: 230.2
Current: 230.2

-73.7
230.2
» BAC's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2014

BAC Guru Trades in Q1 2014

Caxton Associates 2,958,500 sh (+489.66%)
Pioneer Investments 13,301,981 sh (+317.99%)
David Dreman 168,987 sh (+60.68%)
Richard Snow 927,340 sh (+10.72%)
Bill Frels 82,725 sh (+4.72%)
HOTCHKIS & WILEY 41,314,305 sh (+0.71%)
First Pacific Advisors 4,035,700 sh (+0.39%)
Murray Stahl 740,957 sh (+0.13%)
Jeff Auxier 290,538 sh (unchged)
Bill Nygren 23,950,000 sh (unchged)
Brian Rogers 29,200,986 sh (unchged)
Ruane Cunniff 17,432 sh (unchged)
Steven Romick 3,801,200 sh (unchged)
Tom Russo 49,500 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Irving Kahn 57,021 sh (unchged)
Yacktman Fund 5,000,000 sh (unchged)
Michael Price 50,000 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Fairholme Fund 81,607,015 sh (unchged)
Jim Simons Sold Out
George Soros Sold Out
Mario Gabelli 143,363 sh (-0.28%)
Donald Yacktman 5,670,000 sh (-0.35%)
Dodge & Cox 124,668,488 sh (-0.52%)
Bruce Berkowitz 98,942,515 sh (-0.8%)
Ken Fisher 39,868,321 sh (-1.31%)
James Barrow 83,858,673 sh (-2.15%)
Richard Pzena 25,296,661 sh (-3.58%)
T Boone Pickens 14,000 sh (-12.5%)
Chris Davis 628,221 sh (-22.46%)
Jeremy Grantham 3,400,020 sh (-32.02%)
Mohnish Pabrai 4,875,000 sh (-34.13%)
Charles Brandes 5,641,719 sh (-36.04%)
Arnold Schneider 1,790,901 sh (-41.61%)
Steven Cohen 128,458 sh (-52.12%)
Louis Moore Bacon 621,398 sh (-59.46%)
Paul Tudor Jones 21,458 sh (-61.73%)
Andreas Halvorsen 8,787,660 sh (-74.45%)
» More
Q2 2014

BAC Guru Trades in Q2 2014

Jim Simons 572,566 sh (New)
Joel Greenblatt 10,230 sh (New)
Ken Heebner 2,560,000 sh (New)
Ruane Cunniff 438,247 sh (+2414.04%)
Paul Tudor Jones 60,163 sh (+180.38%)
Richard Snow 1,222,330 sh (+31.81%)
T Boone Pickens 18,000 sh (+28.57%)
Richard Pzena 31,436,311 sh (+24.27%)
Bill Nygren 29,700,000 sh (+24.01%)
Arnold Schneider 2,059,060 sh (+14.97%)
HOTCHKIS & WILEY 45,946,297 sh (+11.21%)
Charles Brandes 6,158,486 sh (+9.16%)
Dodge & Cox 134,954,397 sh (+8.25%)
Ken Fisher 42,229,149 sh (+5.92%)
Jeff Auxier 300,963 sh (+3.59%)
James Barrow 85,366,948 sh (+1.8%)
Chris Davis 639,186 sh (+1.75%)
Murray Stahl 744,957 sh (+0.54%)
First Pacific Advisors 4,045,700 sh (+0.25%)
Glenn Greenberg 14,532 sh (unchged)
Mohnish Pabrai 4,875,000 sh (unchged)
Tom Russo 49,500 sh (unchged)
Yacktman Fund 5,000,000 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Brian Rogers 29,200,986 sh (unchged)
Michael Price 50,000 sh (unchged)
Steven Romick 3,801,200 sh (unchged)
Fairholme Fund 81,607,015 sh (unchged)
Andreas Halvorsen Sold Out
Donald Yacktman 5,665,000 sh (-0.09%)
Bruce Berkowitz 98,432,215 sh (-0.52%)
Mario Gabelli 142,013 sh (-0.94%)
Irving Kahn 55,463 sh (-2.73%)
Bill Frels 74,050 sh (-10.49%)
Pioneer Investments 11,464,672 sh (-13.81%)
David Dreman 121,724 sh (-27.97%)
Jeremy Grantham 2,119,400 sh (-37.67%)
Louis Moore Bacon 65,932 sh (-89.39%)
Caxton Associates 300,000 sh (-89.86%)
» More
Q3 2014

BAC Guru Trades in Q3 2014

Andreas Halvorsen 9,720,300 sh (New)
Jim Simons 6,855,866 sh (+1097.39%)
Caxton Associates 885,000 sh (+195%)
Ken Heebner 6,650,000 sh (+159.77%)
First Pacific Advisors 10,485,100 sh (+159.17%)
Steven Romick 9,845,400 sh (+159.01%)
Jeremy Grantham 3,219,300 sh (+51.9%)
T Boone Pickens 25,000 sh (+38.89%)
Joel Greenblatt 13,018 sh (+27.25%)
Ruane Cunniff 538,077 sh (+22.78%)
Jeff Auxier 358,429 sh (+19.09%)
Louis Moore Bacon 74,257 sh (+12.63%)
Bill Nygren 31,800,000 sh (+7.07%)
Dodge & Cox 140,899,780 sh (+4.41%)
David Dreman 126,534 sh (+3.95%)
James Barrow 87,579,883 sh (+2.59%)
Richard Snow 1,249,965 sh (+2.26%)
Richard Pzena 31,650,403 sh (+0.68%)
Ken Fisher 42,362,278 sh (+0.32%)
Murray Stahl 745,057 sh (+0.01%)
Charlie Munger 2,300,000 sh (unchged)
Yacktman Fund 5,000,000 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Michael Price 50,000 sh (unchged)
Tom Russo 49,500 sh (unchged)
Chris Davis 639,186 sh (unchged)
Donald Yacktman 5,665,000 sh (unchged)
Brian Rogers 29,200,986 sh (unchged)
Pioneer Investments 14,990,592 sh (unchged)
Fairholme Fund 81,607,015 sh (unchged)
Paul Tudor Jones Sold Out
Bruce Berkowitz 97,710,665 sh (-0.73%)
Charles Brandes 6,109,586 sh (-0.79%)
Bill Frels 73,350 sh (-0.95%)
Irving Kahn 54,749 sh (-1.29%)
Mario Gabelli 137,013 sh (-3.52%)
HOTCHKIS & WILEY 42,790,406 sh (-6.87%)
Mohnish Pabrai 4,504,000 sh (-7.61%)
Arnold Schneider 1,813,185 sh (-11.94%)
» More
Q4 2014

BAC Guru Trades in Q4 2014

Ray Dalio 95,391 sh (New)
Paul Tudor Jones 138,889 sh (New)
John Burbank 2,791,189 sh (New)
Jim Simons 11,451,166 sh (+67.03%)
Louis Moore Bacon 115,875 sh (+56.05%)
Ken Heebner 8,830,000 sh (+32.78%)
T Boone Pickens 30,000 sh (+20%)
Dodge & Cox 154,312,628 sh (+9.52%)
Steven Romick 10,781,800 sh (+9.51%)
First Pacific Advisors 11,468,600 sh (+9.38%)
James Barrow 89,087,933 sh (+1.72%)
HOTCHKIS & WILEY 43,099,265 sh (+0.72%)
Ruane Cunniff 541,253 sh (+0.59%)
Murray Stahl 746,935 sh (+0.25%)
Michael Price 50,000 sh (unchged)
Tom Russo 49,500 sh (unchged)
Chris Davis 639,176 sh (unchged)
Donald Yacktman 5,665,000 sh (unchged)
Yacktman Fund 5,000,000 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Bill Nygren 31,800,000 sh (unchged)
Brian Rogers 29,200,986 sh (unchged)
Fairholme Fund 81,607,015 sh (unchged)
Andreas Halvorsen Sold Out
Joel Greenblatt Sold Out
Pioneer Investments 14,970,279 sh (-0.14%)
Richard Snow 1,248,181 sh (-0.14%)
Mario Gabelli 136,513 sh (-0.36%)
Jeff Auxier 357,119 sh (-0.37%)
Bill Frels 72,811 sh (-0.73%)
Charles Brandes 6,054,769 sh (-0.9%)
Ken Fisher 41,932,564 sh (-1.01%)
Richard Pzena 31,223,345 sh (-1.35%)
Bruce Berkowitz 94,304,965 sh (-3.49%)
David Dreman 119,392 sh (-5.64%)
Irving Kahn 51,097 sh (-6.67%)
Jeremy Grantham 2,719,600 sh (-15.52%)
Mohnish Pabrai 3,146,000 sh (-30.15%)
Caxton Associates 233,500 sh (-73.62%)
Arnold Schneider 381,635 sh (-78.95%)
» More
» Details

Insider Trades

Latest Guru Trades with BAC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mohnish Pabrai 2014-12-31 Reduce -30.15%5.61%$15.76 - $18.13 $ 16.04-6%3146000
Arnold Schneider 2014-12-31 Reduce -78.95%3%$15.76 - $18.13 $ 16.04-6%381635
John Burbank 2014-12-31 New Buy1.3%$15.76 - $18.13 $ 16.04-6%2791189
Ken Heebner 2014-12-31 Add 32.78%1.09%$15.76 - $18.13 $ 16.04-6%8830000
Bruce Berkowitz 2014-12-31 Reduce -3.49%0.8%$15.76 - $18.13 $ 16.04-6%94304965
Andreas Halvorsen 2014-12-31 Sold Out 0.67%$15.76 - $18.13 $ 16.04-6%0
Dodge & Cox 2014-12-31 Add 9.52%0.23%$15.76 - $18.13 $ 16.04-6%154312628
T Boone Pickens 2014-12-31 Add 20%0.17%$15.76 - $18.13 $ 16.04-6%30000
Ray Dalio 2014-12-31 New Buy0.01%$15.76 - $18.13 $ 16.04-6%95391
Joel Greenblatt 2014-12-31 Sold Out $15.76 - $18.13 $ 16.04-6%0
Ken Heebner 2014-09-30 Add 159.77%1.97%$14.98 - $17.18 $ 16.041%6650000
Mohnish Pabrai 2014-09-30 Reduce -7.61%1.19%$14.98 - $17.18 $ 16.041%4504000
Andreas Halvorsen 2014-09-30 New Buy0.67%$14.98 - $17.18 $ 16.041%9720300
Arnold Schneider 2014-09-30 Reduce -11.94%0.41%$14.98 - $17.18 $ 16.041%1813185
Bill Nygren 2014-09-30 Add 7.07%0.23%$14.98 - $17.18 $ 16.041%31800000
HOTCHKIS & WILEY 2014-09-30 Reduce -6.87%0.17%$14.98 - $17.18 $ 16.041%42790406
T Boone Pickens 2014-09-30 Add 38.89%0.12%$14.98 - $17.18 $ 16.041%25000
Bruce Berkowitz 2014-09-30 Reduce -0.73%0.11%$14.98 - $17.18 $ 16.041%97710665
Ruane Cunniff 2014-09-30 Add 22.78%0.01%$14.98 - $17.18 $ 16.041%538077
Joel Greenblatt 2014-09-30 Add 27.25%$14.98 - $17.18 $ 16.041%13018
Ken Heebner 2014-06-30 New Buy1%$14.51 - $17.34 $ 16.043%2560000
Bill Nygren 2014-06-30 Add 24.01%0.64%$14.51 - $17.34 $ 16.043%29700000
Andreas Halvorsen 2014-06-30 Sold Out 0.63%$14.51 - $17.34 $ 16.043%0
Richard Pzena 2014-06-30 Add 24.27%0.53%$14.51 - $17.34 $ 16.043%31436311
Arnold Schneider 2014-06-30 Add 14.97%0.44%$14.51 - $17.34 $ 16.043%2059060
HOTCHKIS & WILEY 2014-06-30 Add 11.21%0.25%$14.51 - $17.34 $ 16.043%45946297
Richard Snow 2014-06-30 Add 31.81%0.16%$14.51 - $17.34 $ 16.043%1222330
Dodge & Cox 2014-06-30 Add 8.25%0.15%$14.51 - $17.34 $ 16.043%134954397
David Dreman 2014-06-30 Reduce -27.97%0.06%$14.51 - $17.34 $ 16.043%121724
T Boone Pickens 2014-06-30 Add 28.57%0.05%$14.51 - $17.34 $ 16.043%18000
Ruane Cunniff 2014-06-30 Add 2414.04%0.03%$14.51 - $17.34 $ 16.043%438247
Joel Greenblatt 2014-06-30 New Buy$14.51 - $17.34 $ 16.043%10230
Mohnish Pabrai 2014-03-31 Reduce -34.13%7.24%$15.54 - $17.92 $ 16.04-4%4875000
Andreas Halvorsen 2014-03-31 Reduce -74.45%1.86%$15.54 - $17.92 $ 16.04-4%8787660
Arnold Schneider 2014-03-31 Reduce -41.61%1.83%$15.54 - $17.92 $ 16.04-4%1790901
Charles Brandes 2014-03-31 Reduce -36.04%0.61%$15.54 - $17.92 $ 16.04-4%5641719
George Soros 2014-03-31 Sold Out 0.33%$15.54 - $17.92 $ 16.04-4%0
Bruce Berkowitz 2014-03-31 Reduce -0.8%0.13%$15.54 - $17.92 $ 16.04-4%98942515
David Dreman 2014-03-31 Add 60.68%0.08%$15.54 - $17.92 $ 16.04-4%168987
Chris Davis 2014-03-31 Reduce -22.46%0.01%$15.54 - $17.92 $ 16.04-4%628221
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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
BACPRL0.006.21
BMLpN/CL0.003.35Bank of America Corp., 6.70% Non-Cumul Perp Preferred Stock, Series 6
BMLPRL0.004.95Bank 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
BMLPRG0.003.92Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 1
BMLPRH0.004.00Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 2
BMLPRI0.006.28Bank of America Corporation,6.375% Non-Cumulative Preferred Stock, Series 3
BACPRJ0.005.33
BMLPRJ0.004.84Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 4
BACPRI0.006.24
BACPRD0.006.14ADR 6.204 % Non Cum Pfd Shs Series -D
BACPRE0.004.82ADR
BACRP0.000.00
BCXQL966.562.701/25th 5 1/5 % Non-Cum Perp Pfd Shs Series -U
BACPRW0.003.22
BACPRY0.000.00Deposit Shs Repr 1/1000th 6.500 % Non-Cum Pfd Shs Series -Y-

Guru Investment Theses on Bank of America Corporation

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.

Check out Bruce Berkowitz latest stock trades

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.

Check out Bruce Berkowitz latest stock trades

Bill Nygren and David Herro Comment on Bank of America - Apr 14, 2014

Bank of America (BAC) was the top contributor for the quarter, returning 11%. The company's most recent quarterly earnings report demonstrated continued progress toward achieving management's expense reduction targets, driven in large part by declines in the cost of servicing its "legacy" mortgages. As management executes on its plan, investors have increasingly recognized the normalized earning power of Bank of America. We believe the combination of further operational improvements and the company's plan to return capital to shareholders – through its recently increased dividend and additional repurchase authorization – will lead to continued gains in the stock.



From Bill Nygren (Trades, Portfolio) and David Herro (Trades, Portfolio)'s Oakmark Global Select Fund first quarter 2014 commentary.

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Bill Nygren Comments on Bank of America - Apr 10, 2014

Another top performer was our largest position, Bank of America (BAC). We still think the financial services sector is attractively valued, and with Bank of America, we are pleased to see investors recognize better visibility of higher future earnings and an enhanced capacity to return excess capital to shareholders.

From Bill Nygren (Trades, Portfolio)'s Oakmark Fund first quarter 2014 commentary.

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Top Ranked Articles about Bank of America Corporation

Bruce Berkowitz Comments on Bank of America
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 Read more...
Logic Makes Steven Romick Skeptical Sometimes
Steven Romick Increases Positions, Russian Oil Companies in Q3
Manager of FPA Capital’s Crescent Fund Steven Romick (Trades, Portfolio) is skeptical of today’s market, as he explained in his shareholder letter and demonstrated in refusing to buy new stocks in the third quarter. Read more...
Bruce Berkowitz Comments on Bank of America
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. Read more...
Fairholme Fund Second Quarter 2014 Shareholder Letter
To the Shareholders and the Directors of The Fairholme Fund (Trades, Portfolio): Read more...
Bruce Berkowitz's Fairholme Fund Second Quarter 2014 Shareholder Letter
To the Shareholders and the Directors of The Fairholme Fund (Trades, Portfolio): Read more...
The Financial Stocks Gurus Are Buying Now
This week, well-known value managers Oakmark Funds issued a report outlining the rationale for their outsized investments in U.S. banks, in spite of the negative press the institutions have received for over six years since the financial crisis. “The short answer,” they wrote, “is we find their risk profiles are much improved, along with management (where needed), and the valuations are quite attractive.” Read more...
Oakmark’s Bill Nygren's Top Holdings Led by Bank of America and Oracle
Also reported today, Oakmark’s Bill Nygren shared his first quarter portfolio which highlighted a rather eventful quarter for the guru. Nygren purchased five new stocks over the past quarter bringing his total number of stocks to 59. Nygren’s Oakmark Fund portfolio is currently valued at over $12.5 billion. Read more...
Top Five Guru-Held Financial Services Companies
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which financial services companies are held by the most gurus. As of the first quarter, the following five financially-based companies are held by the largest number of gurus. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 44.70
BAC's P/E(ttm) is ranked higher than
66% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 17.80 vs. BAC: 44.70 )
BAC' s 10-Year P/E(ttm) Range
Min: 3.79   Max: 629.64
Current: 44.7

3.79
629.64
Forward P/E 9.36
BAC's Forward P/E is ranked higher than
92% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 17.48 vs. BAC: 9.36 )
N/A
PE(NRI) 45.80
BAC's PE(NRI) is ranked higher than
66% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 17.90 vs. BAC: 45.80 )
BAC' s 10-Year PE(NRI) Range
Min: 3.78   Max: 587.67
Current: 45.8

3.78
587.67
P/B 0.75
BAC's P/B is ranked higher than
90% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 1.33 vs. BAC: 0.75 )
BAC' s 10-Year P/B Range
Min: 0.12   Max: 2.48
Current: 0.75

0.12
2.48
P/S 2.02
BAC's P/S is ranked higher than
89% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 3.65 vs. BAC: 2.02 )
BAC' s 10-Year P/S Range
Min: 0.18   Max: 3.62
Current: 2.02

0.18
3.62
PFCF 6.66
BAC's PFCF is ranked higher than
93% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 0.00 vs. BAC: 6.66 )
BAC' s 10-Year PFCF Range
Min: 0.3   Max: 471.55
Current: 6.66

0.3
471.55
POCF 6.42
BAC's POCF is ranked higher than
92% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 80.77 vs. BAC: 6.42 )
BAC' s 10-Year POCF Range
Min: 0.29   Max: 1559.33
Current: 6.42

0.29
1559.33
EV-to-EBIT 46.59
BAC's EV-to-EBIT is ranked higher than
61% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 19.30 vs. BAC: 46.59 )
BAC' s 10-Year EV-to-EBIT Range
Min: -1595   Max: 249.3
Current: 46.59

-1595
249.3
PEG 0.91
BAC's PEG is ranked higher than
86% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 0.00 vs. BAC: 0.91 )
BAC' s 10-Year PEG Range
Min: 0.73   Max: 5.77
Current: 0.91

0.73
5.77
Shiller P/E 92.70
BAC's Shiller P/E is ranked higher than
75% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 0.00 vs. BAC: 92.70 )
BAC' s 10-Year Shiller P/E Range
Min: 0.9   Max: 434
Current: 92.7

0.9
434
Days Sales Outstanding 267.94
BAC's Days Sales Outstanding is ranked higher than
76% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 0.00 vs. BAC: 267.94 )
BAC' s 10-Year Days Sales Outstanding Range
Min: 15.84   Max: 313.02
Current: 267.94

15.84
313.02

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.75
BAC's Dividend Yield is ranked lower than
87% of the 1912 Companies
in the Global Banks - Global industry.

( Industry Median: 2.40 vs. BAC: 0.75 )
BAC' s 10-Year Dividend Yield Range
Min: 0.22   Max: 59.1
Current: 0.75

0.22
59.1
Dividend Payout 0.34
BAC's Dividend Payout is ranked higher than
98% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 0.60 vs. BAC: 0.34 )
BAC' s 10-Year Dividend Payout Range
Min: 0.04   Max: 4.07
Current: 0.34

0.04
4.07
Dividend growth (3y) 44.20
BAC's Dividend growth (3y) is ranked lower than
156% of the 1123 Companies
in the Global Banks - Global industry.

( Industry Median: 5.60 vs. BAC: 44.20 )
BAC' s 10-Year Dividend growth (3y) Range
Min: -74.5   Max: 44.2
Current: 44.2

-74.5
44.2
Yield on cost (5-Year) 0.70
BAC's Yield on cost (5-Year) is ranked lower than
83% of the 1924 Companies
in the Global Banks - Global industry.

( Industry Median: 2.67 vs. BAC: 0.70 )
BAC' s 10-Year Yield on cost (5-Year) Range
Min: 0.22   Max: 59.1
Current: 0.7

0.22
59.1
Share Buyback Rate -1.10
BAC's Share Buyback Rate is ranked higher than
64% of the 1462 Companies
in the Global Banks - Global industry.

( Industry Median: -1.60 vs. BAC: -1.10 )
BAC' s 10-Year Share Buyback Rate Range
Min: 4.1   Max: -47
Current: -1.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.15
BAC's Price/Tangible Book is ranked higher than
81% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 1.62 vs. BAC: 1.15 )
BAC' s 10-Year Price/Tangible Book Range
Min: 0.46   Max: 7.07
Current: 1.15

0.46
7.07
Price/DCF (Projected) 0.30
BAC's Price/DCF (Projected) is ranked higher than
96% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 0.00 vs. BAC: 0.30 )
BAC' s 10-Year Price/DCF (Projected) Range
Min: 0.13   Max: 7.69
Current: 0.3

0.13
7.69
Price/Median PS Value 1.05
BAC's Price/Median PS Value is ranked higher than
85% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 1.26 vs. BAC: 1.05 )
BAC' s 10-Year Price/Median PS Value Range
Min: 0.31   Max: 1.79
Current: 1.05

0.31
1.79
Price/Graham Number 1.26
BAC's Price/Graham Number is ranked higher than
72% of the 2692 Companies
in the Global Banks - Global industry.

( Industry Median: 1.22 vs. BAC: 1.26 )
BAC' s 10-Year Price/Graham Number Range
Min: 0.69   Max: 1.74
Current: 1.26

0.69
1.74
Earnings Yield (Greenblatt) 2.10
BAC's Earnings Yield (Greenblatt) is ranked higher than
56% of the 2043 Companies
in the Global Banks - Global industry.

( Industry Median: 6.60 vs. BAC: 2.10 )
BAC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 7.5
Current: 2.1

0.4
7.5
Forward Rate of Return (Yacktman) -22.45
BAC's Forward Rate of Return (Yacktman) is ranked lower than
51% of the 1309 Companies
in the Global Banks - Global industry.

( Industry Median: 14.46 vs. BAC: -22.45 )
BAC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -21.8   Max: 115.4
Current: -22.45

-21.8
115.4

Business Description

Industry: Banks » Banks - Global
Compare:MTB, USB, PNC, PB, CFR » details
Traded in other countries:BAC.UK, 8648.Japan, NCB.Germany, BCXQL.USA, BOAC34.Brazil, BAC.Mexico, BA.C.Argentina, BAC.Chile, BAC.Switzerland,
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.
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