Switch to:
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: 0.34 Max: 1.47
Current: 0.79
0.1
1.47
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: 0.09 Max: 0.12
Current: 0.11
0.06
0.12
Debt-to-Equity 1.02
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: 1.02 )
Ranked among companies with meaningful Debt-to-Equity only.
BAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82  Med: 1.91 Max: 4.24
Current: 1.02
0.82
4.24
Debt-to-EBITDA 3.06
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: 3.06 )
Ranked among companies with meaningful Debt-to-EBITDA only.
BAC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0  Med: 0 Max: 3.06
Current: 3.06
0
3.06
Beneish M-Score: -2.58
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
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 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
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

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

Ray Dalio 60,799 sh (New)
Steven Cohen 560,700 sh (+2963.93%)
George Soros 2,422,731 sh (+815.62%)
Louis Moore Bacon 3,525,000 sh (+314.71%)
Joel Greenblatt 200,503 sh (+131.42%)
PRIMECAP Management 13,416,627 sh (+32.33%)
Mario Gabelli 1,090,562 sh (+18.27%)
Sarah Ketterer 6,519,056 sh (+17.27%)
Diamond Hill Capital 8,836 sh (+14.69%)
Julian Robertson 979,500 sh (+12.03%)
Murray Stahl 50,153 sh (+1.52%)
Charlie Munger 2,300,000 sh (unchged)
Yacktman Fund 800,000 sh (unchged)
Ken Heebner 7,420,000 sh (unchged)
Tom Russo 47,975 sh (unchged)
Julian Robertson 100,000 sh (unchged)
Glenn Greenberg 14,532 sh (unchged)
Warren Buffett 679,000,000 sh (unchged)
Caxton Associates 550,000 sh (unchged)
Bill Nygren 18,300,000 sh (unchged)
Paul Tudor Jones Sold Out
Stanley Druckenmiller Sold Out
Alan Fournier Sold Out
John Griffin Sold Out
Donald Yacktman 865,000 sh (-0.57%)
Pioneer Investments 15,603,108 sh (-1.80%)
John Buckingham 269,250 sh (-2.25%)
Mairs and Power 12,538 sh (-3.58%)
Jeff Auxier 338,347 sh (-3.74%)
Richard Snow 2,721,760 sh (-4.98%)
Kahn Brothers 26,127 sh (-5.42%)
Steven Romick 15,963,136 sh (-6.80%)
Charles Brandes 3,811,129 sh (-7.28%)
David Dreman 96,746 sh (-7.58%)
Dodge & Cox 135,534,435 sh (-7.75%)
First Pacific Advisors 21,116,209 sh (-7.81%)
Barrow, Hanley, Mewhinney & Strauss 52,337,945 sh (-8.55%)
NWQ Managers 2,441,929 sh (-11.18%)
Richard Pzena 16,966,578 sh (-13.42%)
Ken Fisher 396,150 sh (-14.88%)
T Rowe Price Equity Income Fund 1,220,000 sh (-16.44%)
Charles de Vaulx 3,334,825 sh (-18.30%)
HOTCHKIS & WILEY 16,517,457 sh (-20.57%)
Michael Price 15,000 sh (-25.00%)
David Tepper 10,965,513 sh (-36.06%)
» More
Q2 2018

BAC Guru Trades in Q2 2018

Charlie Munger 2,300,000 sh (unchged)
Ken Fisher 372,880 sh (-5.87%)
Steven Romick 14,824,483 sh (-7.13%)
» 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
Ken Fisher 2018-06-30 Reduce -5.87%$28.19 - $31.22 $ 29.28-2%372,880
Dodge & Cox 2018-03-31 Reduce -7.75%0.26%$29.17 - $32.84 $ 29.28-7%135,534,435
Barrow, Hanley, Mewhinney & Strauss 2018-03-31 Reduce -8.55%0.22%$29.17 - $32.84 $ 29.28-7%52,337,945
Richard Pzena 2018-03-31 Reduce -13.42%0.38%$29.17 - $32.84 $ 29.28-7%16,966,578
HOTCHKIS & WILEY 2018-03-31 Reduce -20.57%0.48%$29.17 - $32.84 $ 29.28-7%16,517,457
David Tepper 2018-03-31 Reduce -36.06%1.72%$29.17 - $32.84 $ 29.28-7%10,965,513
Charles Brandes 2018-03-31 Reduce -7.28%0.18%$29.17 - $32.84 $ 29.28-7%3,811,129
NWQ Managers 2018-03-31 Reduce -11.18%0.13%$29.17 - $32.84 $ 29.28-7%2,441,929
George Soros 2018-03-31 Add 815.62%1.19%$29.17 - $32.84 $ 29.28-7%2,422,731
T Rowe Price Equity Income Fund 2018-03-31 Reduce -16.44%0.03%$29.17 - $32.84 $ 29.28-7%1,220,000
Mario Gabelli 2018-03-31 Add 18.27%0.03%$29.17 - $32.84 $ 29.28-7%1,090,562
Julian Robertson 2018-03-31 Add 12.03%0.4%$29.17 - $32.84 $ 29.28-7%979,500
Donald Yacktman 2018-03-31 Reduce -0.57%$29.17 - $32.84 $ 29.28-7%865,000
Ken Fisher 2018-03-31 Reduce -14.88%$29.17 - $32.84 $ 29.28-7%396,150
Joel Greenblatt 2018-03-31 Add 131.42%0.05%$29.17 - $32.84 $ 29.28-7%200,503
David Dreman 2018-03-31 Reduce -7.58%0.13%$29.17 - $32.84 $ 29.28-7%96,746
Kahn Brothers 2018-03-31 Reduce -5.42%0.01%$29.17 - $32.84 $ 29.28-7%26,127
Michael Price 2018-03-31 Reduce -25.00%0.02%$29.17 - $32.84 $ 29.28-7%15,000
Dodge & Cox 2017-12-31 Reduce -13.38%0.46%$25.45 - $29.88 $ 29.286%146,919,685
Barrow, Hanley, Mewhinney & Strauss 2017-12-31 Reduce -6.17%0.14%$25.45 - $29.88 $ 29.286%57,229,013
HOTCHKIS & WILEY 2017-12-31 Reduce -20.21%0.53%$25.45 - $29.88 $ 29.286%20,795,340
Richard Pzena 2017-12-31 Reduce -0.17%$25.45 - $29.88 $ 29.286%19,595,313
Bill Nygren 2017-12-31 Reduce -5.18%0.14%$25.45 - $29.88 $ 29.286%18,300,000
David Tepper 2017-12-31 Add 170.96%3%$25.45 - $29.88 $ 29.286%17,150,000
Charles Brandes 2017-12-31 Reduce -17.52%0.45%$25.45 - $29.88 $ 29.286%4,110,212
NWQ Managers 2017-12-31 Reduce -3.02%0.03%$25.45 - $29.88 $ 29.286%2,749,186
T Rowe Price Equity Income Fund 2017-12-31 Reduce -39.17%0.11%$25.45 - $29.88 $ 29.286%1,460,000
Mario Gabelli 2017-12-31 Add 638.64%0.15%$25.45 - $29.88 $ 29.286%922,116
Julian Robertson 2017-12-31 Reduce -5.34%0.23%$25.45 - $29.88 $ 29.286%874,300
Donald Yacktman 2017-12-31 Reduce -21.27%0.06%$25.45 - $29.88 $ 29.286%870,000
Yacktman Fund 2017-12-31 Reduce -20.00%0.08%$25.45 - $29.88 $ 29.286%800,000
Ken Fisher 2017-12-31 Reduce -97.14%0.59%$25.45 - $29.88 $ 29.286%465,383
George Soros 2017-12-31 New Buy0.22%$25.45 - $29.88 $ 29.286%264,600
David Dreman 2017-12-31 Add 16.47%0.25%$25.45 - $29.88 $ 29.286%104,681
Joel Greenblatt 2017-12-31 Add 5.39%$25.45 - $29.88 $ 29.286%86,641
Kahn Brothers 2017-12-31 Add 36.14%0.03%$25.45 - $29.88 $ 29.286%27,623
Warren Buffett 2017-09-30 New Buy9.68%$22.89 - $25.45 $ 29.2821%679,000,000
Dodge & Cox 2017-09-30 Reduce -0.57%0.02%$22.89 - $25.45 $ 29.2821%169,614,131
Barrow, Hanley, Mewhinney & Strauss 2017-09-30 Reduce -2.45%0.06%$22.89 - $25.45 $ 29.2821%60,991,382
HOTCHKIS & WILEY 2017-09-30 Reduce -8.12%0.22%$22.89 - $25.45 $ 29.2821%26,061,431
Richard Pzena 2017-09-30 Reduce -4.21%0.11%$22.89 - $25.45 $ 29.2821%19,628,386
Ken Fisher 2017-09-30 Add 2.32%0.01%$22.89 - $25.45 $ 29.2821%16,299,318
David Tepper 2017-09-30 Reduce -27.93%0.88%$22.89 - $25.45 $ 29.2821%6,329,404
Charles Brandes 2017-09-30 Reduce -26.10%0.68%$22.89 - $25.45 $ 29.2821%4,983,445
NWQ Managers 2017-09-30 Reduce -16.18%0.18%$22.89 - $25.45 $ 29.2821%2,834,695
T Rowe Price Equity Income Fund 2017-09-30 Reduce -20.56%0.07%$22.89 - $25.45 $ 29.2821%2,400,000
Donald Yacktman 2017-09-30 Reduce -0.45%$22.89 - $25.45 $ 29.2821%1,105,000
Julian Robertson 2017-09-30 Add 36.16%1.12%$22.89 - $25.45 $ 29.2821%923,600
Mario Gabelli 2017-09-30 Add 4.17%$22.89 - $25.45 $ 29.2821%124,839
David Dreman 2017-09-30 Add 12.60%0.14%$22.89 - $25.45 $ 29.2821%89,877
Joel Greenblatt 2017-09-30 Reduce -20.69%0.01%$22.89 - $25.45 $ 29.2821%82,213
Kahn Brothers 2017-09-30 Reduce -26.55%0.03%$22.89 - $25.45 $ 29.2821%20,290
Michael Price 2017-09-30 Reduce -20.00%0.02%$22.89 - $25.45 $ 29.2821%20,000
Donald Smith 2017-09-30 Sold Out 0.21%$22.89 - $25.45 $ 29.2821%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Bank of America Corporation

SymbolPriceYieldDescription
BACpB.PFD26.390.00
BACpL.PFD1264.005.747 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-
BMLpL.PFD24.274.18Deposit Shs Repr 1/1200th Pfd Shs Series -5-
BMLpG.PFD22.553.33Deposit shs Repr 1/1200th Fltg Rate Non-Cum Pfd Shs Series -1-
BMLpH.PFD22.623.36Deposit Shs Repr 1/1200th Fltg Rate Non Cum Pfd Shs Series -2-
BMLpI.PFD25.636.22Deposit Shs Repr 1/1200th 6 3/8% Non Cum Pfd Shs Series -3-
BMLpJ.PFD24.274.18Deposit Shs Repr 1/1200th Fltg Rate Non Cum Pfd Shs Series -4-
BACpI/CL.PFD24.996.63Deposit 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.PFD24.224.19Deposit Shs Repr 1/1000th Perp Pfd Shs Series -E-
BACRP.PFD80.000.007% Pfd Shs Series -B-
BACpW.PFD26.266.31Deposit Shs Repr 1/1000th 6.625 % Non-Cum Pfd Shs Series -W-
BACpY.PFD26.526.13Deposit Shs Repr 1/1000th 6 1/2 % Non-Cum Pfd Shs Series -Y-
BACpC.PFD26.445.86Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -CC-
BACpA.PFD26.135.74Deposit Shs Repr 1/1,000th Non-Cum Pfd Shs Series -EE-

Business Description

Industry: Banks » Banks - Global    NAICS: 522110    SIC: 6021
Compare:SHSE:601398, SHSE:601939, NYSE:WFC, NYSE:JPM, LSE:HSBA, SHSE:601288, NYSE:C, SHSE:601988, TSX:RY, XMCE:SAN, TSX:TD, ASX:CBA, TSE:8306, TSX:BNS, ASX:WBC, XSWX:UBSGE, SHSE:601328, XAMS:INGA, ASX:NAB, TSE:8316 » 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 - May 07, 2018

Bank of America (NYSE:BAC)



At the end of 2017, Bank of America had total loans and leases of $936B and total deposits of $1.3T. Given the large low-cost deposit base there is considerable positive leverage in a rising interest rate environment.

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

Check out Jeff Auxier latest stock trades

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.



Check out Dodge & Cox latest stock trades

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.

Check out Bruce Berkowitz latest stock trades

Top Ranked Articles about Bank of America Corporation

The One Stock Warren Buffett and Ken Fisher Keep Buying in a Significantly Overvalued Market Pioneers of the price-sales ratio think alike on tech-giant Apple despite both owning other companies like Wells Fargo
Warren Buffett (Trades, Portfolio) and Ken Fisher (Trades, Portfolio), two investing titans who value securities using the price-sales ratio, think alike on Apple Inc. (NASDAQ:AAPL). According to the aggregated portfolio, the two gurus have a combined holding of 24.20% in the Cupertino, California-based tech giant. Read more...
Citigroup, JPMorgan and Wells Fargo Report Bank Earnings Friday Citigroup and JPMorgan beat earnings estimates
Citigroup (NYSE:C), Wells Fargo (NYSE:WFC) and JPMorgan (NYSE:JPM) led the beginning of the second-quarter earnings season on Friday. Both Citigroup and JPMorgan beat earnings expectations with comparable quarter revenue growth, while Wells Fargo slightly underperformed. Read more...
Charlie Munger’s 2nd Quarter Portfolio Sage continues to allow time to reward him for 4 highly profitable investments
Many people don’t know that Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) vice chairman Charlie Munger (Trades, Portfolio) manages his own portfolio, possibly because he hasn’t changed it since 2014. Indeed, in the second quarter, Warren Buffett (Trades, Portfolio)’s sage business partner didn’t touch a share, opting to hang on to his favorites and allow time to reward him. Each is down slightly year to date, but that puts hardly a dent in his long-term gains. Read more...
Corporate Buybacks Don’t Always Mean Higher Share Prices Contrary to popular belief, share repurchases do not always result in higher prices
When Apple (NASDAQ:AAPL) CEO Tim Cook announced the company will use a sizeable portion of its over $269 billion in repatriated earnings for an aggressive, accelerated share repurchase plan, shareholders were positively giddy. A review of Apple’s stock price over the past year indicates their jubilation was warranted. Read more...
Bank of America Still Looks Attractive The stock is not expensive and estimates on growth are particularly favorable
The bank and financial services industry is popular again as macroeconomic factors predict further rises in the Fed’s interest rates. Read more...
How Buybacks Can Erode Long-Term Growth SEC commissioner wants new rules to incentivize executives to hold shares long-term. A selling spree often occurs eight days after buyback announcement
As share buybacks by U.S. corporations continue at a breakneck pace, one single factor could bring the practice among corporate managers to a screeching halt. Read more...
Charles Brandes Takes Stake in Latin American Bank Graham disciple adds to his holdings in the financial services sector
Charles Brandes (Trades, Portfolio), leader of Brandes Investment Partners, disclosed this week he took a 7.59% stake in Banco Lationamericano de Comercio Exterior SA (NYSE:BLX) on June 29. Read more...
Relief for Bank Stocks After falling for three straight weeks, shares of top banks rally, but investors may want to look closely at book value per share
Wall Street appeared to be handing the nation’s top banks its own version of stress testing as the financial stocks fared worse than any other sector for most of June. Read more...
Warren Buffett’s Portfolio Stumbles in First Half 2018 Top holdings, except Apple, decline for year
While mostly tallying overall gains, the majority of Berkshire Hathaway Chairman and CEO Warren Buffett (Trades, Portfolio)’s largest portfolio holdings, which represent more than half of assets, have underperformed the year-to-date return of the S&P 500. Read more...
NXT-ID Subsidiary FitPay® Provides Product Update on Flip - a Contactless Payment Device for Bitcoin

Ratios

vs
industry
vs
history
PE Ratio 16.43
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: 16.43 )
Ranked among companies with meaningful PE Ratio only.
BAC' s PE Ratio Range Over the Past 10 Years
Min: 4.13  Med: 16.95 Max: 49.03
Current: 16.43
4.13
49.03
Forward PE Ratio 11.42
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: 11.42 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 16.43
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: 16.43 )
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: 16.95 Max: 49.03
Current: 16.43
4.13
49.03
Price-to-Owner-Earnings 6.96
BAC's Price-to-Owner-Earnings is ranked lower than
99.99% of the 896 Companies
in the Global Banks - Global industry.

( Industry Median: 14.46 vs. BAC: 6.96 )
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: 5.51 Max: 355.65
Current: 6.96
0.75
355.65
PB Ratio 1.23
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: 1.23 )
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: 1.23
0.12
1.73
PS Ratio 3.52
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: 3.52 )
Ranked among companies with meaningful PS Ratio only.
BAC' s PS Ratio Range Over the Past 10 Years
Min: 0.17  Med: 1.92 Max: 3.98
Current: 3.52
0.17
3.98
Price-to-Free-Cash-Flow 4.83
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: 4.83 )
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: 3.54 Max: 32.92
Current: 4.83
0.3
32.92
Price-to-Operating-Cash-Flow 4.83
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: 4.83 )
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: 3.55 Max: 464.1
Current: 4.83
0.29
464.1
EV-to-Revenue 4.28
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: 4.28 )
Ranked among companies with meaningful EV-to-Revenue only.
BAC' s EV-to-Revenue Range Over the Past 10 Years
Min: 3  Med: 4.5 Max: 11.9
Current: 4.28
3
11.9
Shiller PE Ratio 43.76
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: 43.76 )
Ranked among companies with meaningful Shiller PE Ratio only.
BAC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 0.96  Med: 8.4 Max: 51.94
Current: 43.76
0.96
51.94

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.65
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: 1.65 )
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: 1.65
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 % 1.68
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: 1.68 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 20.18
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: 20.18 )
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: 20.18
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 1.73
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: 1.73 )
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: 1.96 Max: 6.43
Current: 1.73
0.46
6.43
Price-to-Intrinsic-Value-Projected-FCF 0.54
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: 0.54 )
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: 0.78 Max: 3.45
Current: 0.54
0.09
3.45
Price-to-Median-PS-Value 1.81
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: 1.81 )
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: 0.19  Med: 1.18 Max: 2.19
Current: 1.81
0.19
2.19
Price-to-Graham-Number 1.11
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: 1.11 )
Ranked among companies with meaningful Price-to-Graham-Number only.
BAC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.5  Med: 1.2 Max: 2.99
Current: 1.11
0.5
2.99

More Statistics

Revenue (TTM) (Mil) $88,229.00
EPS (TTM) $ 1.77
Beta1.65
Volatility15.97%
52-Week Range $22.75 - 33.05
Shares Outstanding (Mil)10,139.35

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 91,454 96,303 103,112
EBIT (Mil $) 38,249 44,346 47,301
EBITDA (Mil $)
EPS ($) 2.49 2.82 3.31
EPS without NRI ($) 2.49 2.82 3.31
EPS Growth Rate
(Future 3Y To 5Y Estimate)
17.80%
Dividends per Share ($) 0.61 0.82 1.17

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

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}