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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 : 4/10

vs
industry
vs
history
Cash-to-Debt 0.79
BAC's Cash-to-Debt is ranked lower than
70% of the 1615 Companies
in the Global Banks - Global industry.

( Industry Median: 2.12 vs. BAC: 0.79 )
Ranked among companies with meaningful Cash-to-Debt only.
BAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1  Med: 0.37 Max: 1.09
Current: 0.79
0.1
1.09
Equity-to-Asset 0.11
BAC's Equity-to-Asset is ranked higher than
69% of the 1617 Companies
in the Global Banks - Global industry.

( Industry Median: 0.11 vs. BAC: 0.11 )
Ranked among companies with meaningful Equity-to-Asset only.
BAC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06  Med: 0.08 Max: 0.12
Current: 0.11
0.06
0.12
Debt-to-Equity 0.97
BAC's Debt-to-Equity is ranked lower than
66% of the 1231 Companies
in the Global Banks - Global industry.

( Industry Median: 0.63 vs. BAC: 0.97 )
Ranked among companies with meaningful Debt-to-Equity only.
BAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9  Med: 1.82 Max: 2.65
Current: 0.97
0.9
2.65
Debt-to-EBITDA 8.63
BAC's Debt-to-EBITDA is ranked lower than
66% of the 1243 Companies
in the Global Banks - Global industry.

( Industry Median: 5.24 vs. BAC: 8.63 )
Ranked among companies with meaningful Debt-to-EBITDA only.
BAC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 8.31  Med: 38.15 Max: 196.37
Current: 8.63
8.31
196.37
Interest Coverage 2.05
BAC's Interest Coverage is ranked higher than
60% of the 1556 Companies
in the Global Banks - Global industry.

( Industry Median: 1.61 vs. BAC: 2.05 )
Ranked among companies with meaningful Interest Coverage only.
BAC' s Interest Coverage Range Over the Past 10 Years
Min: 0.11  Med: 1 Max: 2.51
Current: 2.05
0.11
2.51
Beneish M-Score: -2.41
WACC vs ROIC
8.36%
5.21%
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 % 33.11
BAC's Operating Margin % is ranked higher than
52% of the 1631 Companies
in the Global Banks - Global industry.

( Industry Median: 32.81 vs. BAC: 33.11 )
Ranked among companies with meaningful Operating Margin % only.
BAC' s Operating Margin % Range Over the Past 10 Years
Min: -1.26  Med: 7.56 Max: 33.44
Current: 33.11
-1.26
33.44
Net Margin % 23.00
BAC's Net Margin % is ranked lower than
55% of the 1630 Companies
in the Global Banks - Global industry.

( Industry Median: 22.23 vs. BAC: 23.00 )
Ranked among companies with meaningful Net Margin % only.
BAC' s Net Margin % Range Over the Past 10 Years
Min: -2.13  Med: 6.01 Max: 23
Current: 23
-2.13
23
ROE % 6.94
BAC's ROE % is ranked lower than
67% of the 1631 Companies
in the Global Banks - Global industry.

( Industry Median: 8.44 vs. BAC: 6.94 )
Ranked among companies with meaningful ROE % only.
BAC' s ROE % Range Over the Past 10 Years
Min: -1.57  Med: 1.73 Max: 6.94
Current: 6.94
-1.57
6.94
ROA % 0.89
BAC's ROA % is ranked lower than
54% of the 1634 Companies
in the Global Banks - Global industry.

( Industry Median: 0.87 vs. BAC: 0.89 )
Ranked among companies with meaningful ROA % only.
BAC' s ROA % Range Over the Past 10 Years
Min: -0.1  Med: 0.29 Max: 0.89
Current: 0.89
-0.1
0.89
3-Year EBITDA Growth Rate 43.10
BAC's 3-Year EBITDA Growth Rate is ranked higher than
94% of the 1376 Companies
in the Global Banks - Global industry.

( Industry Median: 6.70 vs. BAC: 43.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
BAC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -63.3  Med: 10.6 Max: 83.9
Current: 43.1
-63.3
83.9
3-Year EPS without NRI Growth Rate 54.90
BAC's 3-Year EPS without NRI Growth Rate is ranked higher than
95% of the 1339 Companies
in the Global Banks - Global industry.

( Industry Median: 6.60 vs. BAC: 54.90 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
BAC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 8.8 Max: 247.6
Current: 54.9
0
247.6
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 30-Y Financials

Financials (Next Earnings Date: 2018-07-16)


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

» Details

Guru Trades

Q2 2017

BAC Guru Trades in Q2 2017

PRIMECAP Management 6,908,806 sh (+582.55%)
Joel Greenblatt 103,664 sh (+126.82%)
Manning & Napier Advisors, Inc 158,055 sh (+42.43%)
Daniel Loeb 15,000,000 sh (+11.11%)
Mairs and Power 14,025 sh (+8.37%)
Jeremy Grantham 13,000 sh (+8.33%)
Sarah Ketterer 4,809,037 sh (+3.15%)
Murray Stahl 45,213 sh (+2.77%)
John Buckingham 269,771 sh (+2.74%)
Mario Gabelli 119,839 sh (+2.57%)
First Pacific Advisors 25,444,990 sh (+1.33%)
Tom Russo 49,100 sh (+1.24%)
Steven Romick 18,801,990 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Yacktman Fund 1,000,000 sh (unchged)
Kahn Brothers 27,624 sh (unchged)
Ronald Muhlenkamp 30,000 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Michael Price 25,000 sh (unchged)
David Tepper 8,782,641 sh (unchged)
First Pacific Advisors 37,600 sh (unchged)
Steven Cohen 725,000 sh (unchged)
Steven Cohen 800,000 sh (unchged)
Bill Nygren 19,300,000 sh (unchged)
Charles de Vaulx 4,294,892 sh (unchged)
Ray Dalio Sold Out
Andreas Halvorsen Sold Out
Stanley Druckenmiller Sold Out
Alan Fournier Sold Out
Donald Smith 351,499 sh (-0.02%)
Jeff Auxier 359,597 sh (-0.16%)
Pioneer Investments 2,075,336 sh (-0.29%)
Donald Yacktman 1,110,000 sh (-0.45%)
Ken Heebner 7,420,000 sh (-1.20%)
Richard Pzena 20,490,554 sh (-4.22%)
Barrow, Hanley, Mewhinney & Strauss 62,525,770 sh (-4.41%)
Julian Robertson 678,300 sh (-4.77%)
HOTCHKIS & WILEY 28,364,057 sh (-5.12%)
Diamond Hill Capital 9,565 sh (-5.96%)
Richard Snow 3,281,266 sh (-5.97%)
Dodge & Cox 170,593,039 sh (-8.01%)
John Griffin 14,002,900 sh (-10.37%)
NWQ Managers 3,381,706 sh (-11.83%)
Charles Brandes 6,743,335 sh (-15.44%)
David Dreman 79,823 sh (-28.01%)
T Rowe Price Equity Income Fund 3,021,200 sh (-32.11%)
Caxton Associates 268,900 sh (-53.23%)
Ken Fisher 15,929,357 sh (-55.98%)
Louis Moore Bacon 700,000 sh (-65.00%)
Steven Cohen 292,000 sh (-68.52%)
Paul Tudor Jones 36,607 sh (-76.85%)
» More
Q3 2017

BAC Guru Trades in Q3 2017

Jim Simons 5,522,866 sh (New)
Warren Buffett 679,000,000 sh (New)
Andreas Halvorsen 7,334,276 sh (New)
Caxton Associates 2,145,000 sh (+697.69%)
Louis Moore Bacon 4,170,000 sh (+495.71%)
Signature Select Canadian Fund 367,000 sh (+128.09%)
Pioneer Investments 3,404,636 sh (+64.05%)
Julian Robertson 923,600 sh (+36.16%)
PRIMECAP Management 8,771,506 sh (+26.96%)
Sarah Ketterer 5,734,295 sh (+19.24%)
David Dreman 89,877 sh (+12.60%)
Diamond Hill Capital 10,046 sh (+5.03%)
Mario Gabelli 124,839 sh (+4.17%)
Ken Fisher 16,299,318 sh (+2.32%)
John Buckingham 274,665 sh (+1.81%)
Steven Romick 18,801,990 sh (unchged)
Yacktman Fund 1,000,000 sh (unchged)
Charlie Munger 2,300,000 sh (unchged)
Ken Heebner 7,420,000 sh (unchged)
Ronald Muhlenkamp 30,000 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Louis Moore Bacon 100,000 sh (unchged)
First Pacific Advisors 37,600 sh (unchged)
Steven Cohen 550,000 sh (unchged)
Bill Nygren 19,300,000 sh (unchged)
Donald Smith Sold Out
Paul Tudor Jones Sold Out
Jeff Auxier 359,347 sh (-0.07%)
Donald Yacktman 1,105,000 sh (-0.45%)
Murray Stahl 44,983 sh (-0.51%)
Dodge & Cox 169,614,131 sh (-0.57%)
First Pacific Advisors 24,911,010 sh (-2.10%)
Barrow, Hanley, Mewhinney & Strauss 60,991,382 sh (-2.45%)
Manning & Napier Advisors, Inc 151,495 sh (-4.15%)
Richard Pzena 19,628,386 sh (-4.21%)
Tom Russo 46,975 sh (-4.33%)
Charles de Vaulx 4,081,599 sh (-4.97%)
Mairs and Power 13,025 sh (-7.13%)
HOTCHKIS & WILEY 26,061,431 sh (-8.12%)
Richard Snow 2,995,790 sh (-8.70%)
John Griffin 12,629,880 sh (-9.81%)
NWQ Managers 2,834,695 sh (-16.18%)
Daniel Loeb 12,250,000 sh (-18.33%)
Michael Price 20,000 sh (-20.00%)
T Rowe Price Equity Income Fund 2,400,000 sh (-20.56%)
Joel Greenblatt 82,213 sh (-20.69%)
Charles Brandes 4,983,445 sh (-26.10%)
Kahn Brothers 20,290 sh (-26.55%)
David Tepper 6,329,404 sh (-27.93%)
Jeremy Grantham 8,900 sh (-31.54%)
Steven Cohen 9,700 sh (-96.68%)
» More
Q4 2017

BAC Guru Trades in Q4 2017

Stanley Druckenmiller 1,717,500 sh (New)
Paul Tudor Jones 39,334 sh (New)
George Soros 264,600 sh (New)
Alan Fournier 706,721 sh (New)
Mario Gabelli 922,116 sh (+638.64%)
Pioneer Investments 15,889,772 sh (+366.71%)
David Tepper 17,150,000 sh (+170.96%)
Steven Cohen 18,300 sh (+88.66%)
Kahn Brothers 27,623 sh (+36.14%)
David Dreman 104,681 sh (+16.47%)
PRIMECAP Management 10,138,561 sh (+15.59%)
Murray Stahl 49,400 sh (+9.82%)
Joel Greenblatt 86,641 sh (+5.39%)
Tom Russo 47,975 sh (+2.13%)
John Buckingham 275,448 sh (+0.29%)
Charlie Munger 2,300,000 sh (unchged)
Warren Buffett 679,000,000 sh (unchged)
Ken Heebner 7,420,000 sh (unchged)
First Pacific Advisors 37,600 sh (unchged)
Michael Price 20,000 sh (unchged)
Louis Moore Bacon 100,000 sh (unchged)
Ronald Muhlenkamp 28,300 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Charles de Vaulx 4,081,599 sh (unchged)
Jim Simons Sold Out
Jeremy Grantham Sold Out
Andreas Halvorsen Sold Out
Daniel Loeb Sold Out
Richard Pzena 19,595,313 sh (-0.17%)
Mairs and Power 13,003 sh (-0.17%)
Jeff Auxier 351,497 sh (-2.18%)
NWQ Managers 2,749,186 sh (-3.02%)
Sarah Ketterer 5,558,867 sh (-3.06%)
Richard Snow 2,864,269 sh (-4.39%)
Bill Nygren 18,300,000 sh (-5.18%)
Julian Robertson 874,300 sh (-5.34%)
Barrow, Hanley, Mewhinney & Strauss 57,229,013 sh (-6.17%)
First Pacific Advisors 22,904,921 sh (-8.05%)
Steven Romick 17,128,089 sh (-8.90%)
Dodge & Cox 146,919,685 sh (-13.38%)
Charles Brandes 4,110,212 sh (-17.52%)
Yacktman Fund 800,000 sh (-20.00%)
HOTCHKIS & WILEY 20,795,340 sh (-20.21%)
Donald Yacktman 870,000 sh (-21.27%)
Diamond Hill Capital 7,704 sh (-23.31%)
T Rowe Price Equity Income Fund 1,460,000 sh (-39.17%)
John Griffin 4,676,100 sh (-62.98%)
Caxton Associates 550,000 sh (-74.36%)
Louis Moore Bacon 850,000 sh (-79.62%)
Ken Fisher 465,383 sh (-97.14%)
» More
Q1 2018

BAC Guru Trades in Q1 2018

Charlie Munger 2,300,000 sh (unchged)
Yacktman Fund 800,000 sh (unchged)
Steven Romick 15,963,136 sh (-6.80%)
T Rowe Price Equity Income Fund 1,220,000 sh (-16.44%)
» More
» Details

Insider Trades

Latest Guru Trades with NYSE: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
T Rowe Price Equity Income Fund 2018-03-31 Reduce -16.44%0.03%$29.17 - $32.84 $ 30.26-4%1,220,000
Dodge & Cox 2017-12-31 Reduce -13.38%0.46%$25.45 - $29.88 $ 30.2610%146,919,685
Barrow, Hanley, Mewhinney & Strauss 2017-12-31 Reduce -6.17%0.14%$25.45 - $29.88 $ 30.2610%57,229,013
HOTCHKIS & WILEY 2017-12-31 Reduce -20.21%0.53%$25.45 - $29.88 $ 30.2610%20,795,340
Richard Pzena 2017-12-31 Reduce -0.17%$25.45 - $29.88 $ 30.2610%19,595,313
Bill Nygren 2017-12-31 Reduce -5.18%0.14%$25.45 - $29.88 $ 30.2610%18,300,000
David Tepper 2017-12-31 Add 170.96%3%$25.45 - $29.88 $ 30.2610%17,150,000
Charles Brandes 2017-12-31 Reduce -17.52%0.45%$25.45 - $29.88 $ 30.2610%4,110,212
NWQ Managers 2017-12-31 Reduce -3.02%0.03%$25.45 - $29.88 $ 30.2610%2,749,186
T Rowe Price Equity Income Fund 2017-12-31 Reduce -39.17%0.11%$25.45 - $29.88 $ 30.2610%1,460,000
Mario Gabelli 2017-12-31 Add 638.64%0.15%$25.45 - $29.88 $ 30.2610%922,116
Julian Robertson 2017-12-31 Reduce -5.34%0.23%$25.45 - $29.88 $ 30.2610%874,300
Donald Yacktman 2017-12-31 Reduce -21.27%0.06%$25.45 - $29.88 $ 30.2610%870,000
Yacktman Fund 2017-12-31 Reduce -20.00%0.08%$25.45 - $29.88 $ 30.2610%800,000
Ken Fisher 2017-12-31 Reduce -97.14%0.59%$25.45 - $29.88 $ 30.2610%465,383
George Soros 2017-12-31 New Buy0.22%$25.45 - $29.88 $ 30.2610%264,600
David Dreman 2017-12-31 Add 16.47%0.25%$25.45 - $29.88 $ 30.2610%104,681
Joel Greenblatt 2017-12-31 Add 5.39%$25.45 - $29.88 $ 30.2610%86,641
Kahn Brothers 2017-12-31 Add 36.14%0.03%$25.45 - $29.88 $ 30.2610%27,623
Warren Buffett 2017-09-30 New Buy9.68%$22.89 - $25.45 $ 30.2625%679,000,000
Dodge & Cox 2017-09-30 Reduce -0.57%0.02%$22.89 - $25.45 $ 30.2625%169,614,131
Barrow, Hanley, Mewhinney & Strauss 2017-09-30 Reduce -2.45%0.06%$22.89 - $25.45 $ 30.2625%60,991,382
HOTCHKIS & WILEY 2017-09-30 Reduce -8.12%0.22%$22.89 - $25.45 $ 30.2625%26,061,431
Richard Pzena 2017-09-30 Reduce -4.21%0.11%$22.89 - $25.45 $ 30.2625%19,628,386
Ken Fisher 2017-09-30 Add 2.32%0.01%$22.89 - $25.45 $ 30.2625%16,299,318
David Tepper 2017-09-30 Reduce -27.93%0.88%$22.89 - $25.45 $ 30.2625%6,329,404
Charles Brandes 2017-09-30 Reduce -26.10%0.68%$22.89 - $25.45 $ 30.2625%4,983,445
NWQ Managers 2017-09-30 Reduce -16.18%0.18%$22.89 - $25.45 $ 30.2625%2,834,695
T Rowe Price Equity Income Fund 2017-09-30 Reduce -20.56%0.07%$22.89 - $25.45 $ 30.2625%2,400,000
Donald Yacktman 2017-09-30 Reduce -0.45%$22.89 - $25.45 $ 30.2625%1,105,000
Julian Robertson 2017-09-30 Add 36.16%1.12%$22.89 - $25.45 $ 30.2625%923,600
Mario Gabelli 2017-09-30 Add 4.17%$22.89 - $25.45 $ 30.2625%124,839
David Dreman 2017-09-30 Add 12.60%0.14%$22.89 - $25.45 $ 30.2625%89,877
Joel Greenblatt 2017-09-30 Reduce -20.69%0.01%$22.89 - $25.45 $ 30.2625%82,213
Kahn Brothers 2017-09-30 Reduce -26.55%0.03%$22.89 - $25.45 $ 30.2625%20,290
Michael Price 2017-09-30 Reduce -20.00%0.02%$22.89 - $25.45 $ 30.2625%20,000
Donald Smith 2017-09-30 Sold Out 0.21%$22.89 - $25.45 $ 30.2625%0
Dodge & Cox 2017-06-30 Reduce -8.01%0.3%$22.23 - $24.32 $ 30.2630%170,593,039
Barrow, Hanley, Mewhinney & Strauss 2017-06-30 Reduce -4.41%0.1%$22.23 - $24.32 $ 30.2630%62,525,770
HOTCHKIS & WILEY 2017-06-30 Reduce -5.12%0.14%$22.23 - $24.32 $ 30.2630%28,364,057
Richard Pzena 2017-06-30 Reduce -4.22%0.12%$22.23 - $24.32 $ 30.2630%20,490,554
Ken Fisher 2017-06-30 Reduce -55.98%0.79%$22.23 - $24.32 $ 30.2630%15,929,357
Ken Heebner 2017-06-30 Reduce -1.20%0.09%$22.23 - $24.32 $ 30.2630%7,420,000
Charles Brandes 2017-06-30 Reduce -15.44%0.43%$22.23 - $24.32 $ 30.2630%6,743,335
NWQ Managers 2017-06-30 Reduce -11.83%0.15%$22.23 - $24.32 $ 30.2630%3,381,706
T Rowe Price Equity Income Fund 2017-06-30 Reduce -32.11%0.15%$22.23 - $24.32 $ 30.2630%3,021,200
Donald Yacktman 2017-06-30 Reduce -0.45%$22.23 - $24.32 $ 30.2630%1,110,000
Julian Robertson 2017-06-30 Reduce -4.77%0.15%$22.23 - $24.32 $ 30.2630%678,300
Donald Smith 2017-06-30 Reduce -0.02%$22.23 - $24.32 $ 30.2630%351,499
Mario Gabelli 2017-06-30 Add 2.57%$22.23 - $24.32 $ 30.2630%119,839
Joel Greenblatt 2017-06-30 Add 126.82%0.02%$22.23 - $24.32 $ 30.2630%103,664
David Dreman 2017-06-30 Reduce -28.01%0.42%$22.23 - $24.32 $ 30.2630%79,823
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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Bank of America Corporation

SymbolPriceYieldDescription
BACpL.PFD1272.005.707 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-
BMLpL.PFD23.254.36Deposit Shs Repr 1/1200th Pfd Shs Series -5-
BMLpG.PFD22.403.35Deposit shs Repr 1/1200th Fltg Rate Non-Cum Pfd Shs Series -1-
BMLpH.PFD22.253.42Deposit Shs Repr 1/1200th Fltg Rate Non Cum Pfd Shs Series -2-
BMLpI.PFD25.606.23Deposit Shs Repr 1/1200th 6 3/8% Non Cum Pfd Shs Series -3-
BMLpJ.PFD23.754.27Deposit Shs Repr 1/1200th Fltg Rate Non Cum Pfd Shs Series -4-
BACpI.PFD25.916.39Deposit Shs Repr 1/1000th 6.625% Non-Cum Pfd Shs Series -I-
BACpD.PFD25.536.08Deposit Shs Repr 1/1000 6.204 % Non Cum Pfd Shs Series -D-
BACpE.PFD24.004.22Deposit Shs Repr 1/1000th Perp Pfd Shs Series -E-
BACRP.PFD80.000.007% Pfd Shs Series -B-
BACpW.PFD26.246.31Deposit Shs Repr 1/1000th 6.625 % Non-Cum Pfd Shs Series -W-
BACpY.PFD26.256.19Deposit Shs Repr 1/1000th 6 1/2 % Non-Cum Pfd Shs Series -Y-
BACpC.PFD25.955.97Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -CC-
BACpA.PFD25.855.80Deposit Shs Repr 1/1,000th Non-Cum Pfd Shs Series -EE-

Business Description

Industry: Banks » Banks - Global    NAICS: 522110    SIC: 6021
Compare:SHSE:601939, SHSE:601398, NYSE:WFC, NYSE:JPM, SHSE:601288, LSE:HSBA, SHSE:601988, NYSE:C, TSX:RY, TSX:TD, XMCE:SAN, ASX:CBA, TSE:8306, ASX:WBC, TSX:BNS, SHSE:601328, XSWX:UBSG, XAMS:INGA, ASX:ANZ, ASX:NAB » details
Traded in other countries:BA.C.Argentina, BOAC34.Brazil, BAC.Chile, NCB.Germany, 8648.Japan, BAC.Mexico, BAC.Peru, BAC.Romania, BAC.Switzerland, 0Q16.UK,
Headquarter Location:USA
Bank of America Corporation is a bank holding and a financial holding company. The company provides financial products and services to people, companies and institutional investors.

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.

Guru Investment Theses on Bank of America Corporation

Jeff Auxier Comments on Bank of America - Feb 06, 2018

Loan and deposit growth of 3.3% and 3.8% along with higher interest rates led to net interest income growth of 11% to $11.5B in the quarter. After a $2.9B charge related to the Tax Cuts and Jobs Act, Bank of America (NYSE:BAC) plans to benefit from more rational regulation and lower tax rates.









From Jeff Auxier (Trades, Portfolio)'s fourth quarter 2018 shareholder letter.

Check out Jeff Auxier latest stock trades

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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Ratios

vs
industry
vs
history
PE Ratio 17.09
BAC's PE Ratio is ranked lower than
71% of the 1497 Companies
in the Global Banks - Global industry.

( Industry Median: 15.27 vs. BAC: 17.09 )
Ranked among companies with meaningful PE Ratio only.
BAC' s PE Ratio Range Over the Past 10 Years
Min: 4.13  Med: 16.88 Max: 49.03
Current: 17.09
4.13
49.03
Forward PE Ratio 11.89
BAC's Forward PE Ratio is ranked higher than
58% of the 443 Companies
in the Global Banks - Global industry.

( Industry Median: 13.87 vs. BAC: 11.89 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 17.09
BAC's PE Ratio without NRI is ranked lower than
71% of the 1499 Companies
in the Global Banks - Global industry.

( Industry Median: 15.29 vs. BAC: 17.09 )
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: 16.88 Max: 49.03
Current: 17.09
4.13
49.03
PB Ratio 1.29
BAC's PB Ratio is ranked lower than
58% of the 1612 Companies
in the Global Banks - Global industry.

( Industry Median: 1.24 vs. BAC: 1.29 )
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: 1.73
Current: 1.29
0.12
1.73
PS Ratio 3.74
BAC's PS Ratio is ranked lower than
58% of the 1570 Companies
in the Global Banks - Global industry.

( Industry Median: 3.56 vs. BAC: 3.74 )
Ranked among companies with meaningful PS Ratio only.
BAC' s PS Ratio Range Over the Past 10 Years
Min: 0.17  Med: 1.94 Max: 4.04
Current: 3.74
0.17
4.04
Price-to-Free-Cash-Flow 30.95
BAC's Price-to-Free-Cash-Flow is ranked lower than
91% of the 882 Companies
in the Global Banks - Global industry.

( Industry Median: 11.66 vs. BAC: 30.95 )
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: 0.3  Med: 3.55 Max: 244.67
Current: 30.95
0.3
244.67
Price-to-Operating-Cash-Flow 30.95
BAC's Price-to-Operating-Cash-Flow is ranked lower than
92% of the 960 Companies
in the Global Banks - Global industry.

( Industry Median: 10.67 vs. BAC: 30.95 )
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: 0.29  Med: 3.56 Max: 464.1
Current: 30.95
0.29
464.1
EV-to-EBIT 14.44
BAC's EV-to-EBIT is ranked lower than
58% of the 1245 Companies
in the Global Banks - Global industry.

( Industry Median: 13.08 vs. BAC: 14.44 )
Ranked among companies with meaningful EV-to-EBIT only.
BAC' s EV-to-EBIT Range Over the Past 10 Years
Min: -1595  Med: 22.1 Max: 853.7
Current: 14.44
-1595
853.7
EV-to-EBITDA 13.46
BAC's EV-to-EBITDA is ranked lower than
58% of the 1253 Companies
in the Global Banks - Global industry.

( Industry Median: 12.01 vs. BAC: 13.46 )
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: 13.46
-160.5
621.5
EV-to-Revenue 4.78
BAC's EV-to-Revenue is ranked lower than
60% of the 1276 Companies
in the Global Banks - Global industry.

( Industry Median: 4.24 vs. BAC: 4.78 )
Ranked among companies with meaningful EV-to-Revenue only.
BAC' s EV-to-Revenue Range Over the Past 10 Years
Min: 3  Med: 4.4 Max: 8.9
Current: 4.78
3
8.9
PEG Ratio 0.57
BAC's PEG Ratio is ranked higher than
81% of the 845 Companies
in the Global Banks - Global industry.

( Industry Median: 1.60 vs. BAC: 0.57 )
Ranked among companies with meaningful PEG Ratio only.
BAC' s PEG Ratio Range Over the Past 10 Years
Min: 0.25  Med: 0.53 Max: 4.15
Current: 0.57
0.25
4.15
Shiller PE Ratio 49.41
BAC's Shiller PE Ratio is ranked lower than
91% of the 520 Companies
in the Global Banks - Global industry.

( Industry Median: 21.59 vs. BAC: 49.41 )
Ranked among companies with meaningful Shiller PE Ratio only.
BAC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 0.96  Med: 8.45 Max: 53.64
Current: 49.41
0.96
53.64

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.44
BAC's Dividend Yield % is ranked lower than
79% of the 2465 Companies
in the Global Banks - Global industry.

( Industry Median: 2.51 vs. BAC: 1.44 )
Ranked among companies with meaningful Dividend Yield % only.
BAC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.22  Med: 1.02 Max: 59.1
Current: 1.44
0.22
59.1
Dividend Payout Ratio 0.25
BAC's Dividend Payout Ratio is ranked higher than
77% of the 1418 Companies
in the Global Banks - Global industry.

( Industry Median: 0.34 vs. BAC: 0.25 )
Ranked among companies with meaningful Dividend Payout Ratio only.
BAC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.04  Med: 0.21 Max: 4.15
Current: 0.25
0.04
4.15
3-Year Dividend Growth Rate 48.10
BAC's 3-Year Dividend Growth Rate is ranked higher than
95% of the 836 Companies
in the Global Banks - Global industry.

( Industry Median: 6.30 vs. BAC: 48.10 )
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: 13.4 Max: 84.2
Current: 48.1
-74.5
84.2
Forward Dividend Yield % 1.59
BAC's Forward Dividend Yield % is ranked lower than
80% of the 2426 Companies
in the Global Banks - Global industry.

( Industry Median: 2.75 vs. BAC: 1.59 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 17.17
BAC's 5-Year Yield-on-Cost % is ranked higher than
95% of the 2826 Companies
in the Global Banks - Global industry.

( Industry Median: 3.25 vs. BAC: 17.17 )
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: 2.64  Med: 12.25 Max: 709.74
Current: 17.17
2.64
709.74
3-Year Average Share Buyback Ratio 0.70
BAC's 3-Year Average Share Buyback Ratio is ranked higher than
86% of the 1082 Companies
in the Global Banks - Global industry.

( Industry Median: -2.20 vs. BAC: 0.70 )
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: -46.2  Med: -3.5 Max: 3.7
Current: 0.7
-46.2
3.7

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.79
BAC's Price-to-Tangible-Book is ranked lower than
74% of the 1603 Companies
in the Global Banks - Global industry.

( Industry Median: 1.33 vs. BAC: 1.79 )
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: 1.83 Max: 4.3
Current: 1.79
0.46
4.3
Price-to-Intrinsic-Value-Projected-FCF 0.68
BAC's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
59% of the 883 Companies
in the Global Banks - Global industry.

( Industry Median: 0.83 vs. BAC: 0.68 )
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: 0.66 Max: 3.87
Current: 0.68
0.09
3.87
Price-to-Median-PS-Value 1.92
BAC's Price-to-Median-PS-Value is ranked lower than
93% of the 1419 Companies
in the Global Banks - Global industry.

( Industry Median: 9999.00 vs. BAC: 1.92 )
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: 0.35  Med: 1.18 Max: 1.94
Current: 1.92
0.35
1.94
Price-to-Peter-Lynch-Fair-Value 0.78
BAC's Price-to-Peter-Lynch-Fair-Value is ranked higher than
68% of the 447 Companies
in the Global Banks - Global industry.

( Industry Median: 1.25 vs. BAC: 0.78 )
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: 0.59  Med: 0.83 Max: 2.26
Current: 0.78
0.59
2.26
Price-to-Graham-Number 1.17
BAC's Price-to-Graham-Number is ranked lower than
73% of the 1378 Companies
in the Global Banks - Global industry.

( Industry Median: 0.99 vs. BAC: 1.17 )
Ranked among companies with meaningful Price-to-Graham-Number only.
BAC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.67  Med: 1.21 Max: 3.39
Current: 1.17
0.67
3.39
Earnings Yield (Greenblatt) % 6.93
BAC's Earnings Yield (Greenblatt) % is ranked higher than
56% of the 1635 Companies
in the Global Banks - Global industry.

( Industry Median: 5.52 vs. BAC: 6.93 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
BAC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -4.6  Med: 2.6 Max: 9.5
Current: 6.93
-4.6
9.5
Forward Rate of Return (Yacktman) % 28.65
BAC's Forward Rate of Return (Yacktman) % is ranked higher than
88% of the 1023 Companies
in the Global Banks - Global industry.

( Industry Median: 11.40 vs. BAC: 28.65 )
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: -15.3  Med: 28.95 Max: 115.4
Current: 28.65
-15.3
115.4

More Statistics

Revenue (TTM) (Mil) $88,229.00
EPS (TTM) $ 1.77
Beta1.59
Volatility17.05%
52-Week Range $22.07 - 33.05
Shares Outstanding (Mil)10,175.91

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 93,343 98,120 104,041
EBIT (Mil $) 40,368 44,724 47,729
EBITDA (Mil $)
EPS ($) 2.48 2.86 3.65
EPS without NRI ($) 2.48 2.86 3.65
EPS Growth Rate
(Future 3Y To 5Y Estimate)
22.30%
Dividends per Share ($) 0.60 0.86 1.44

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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