Bank of America (LIM:BAC) 3-Year Book Growth Rate : 5.10% (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Bank of America 3-Year Book Growth Rate?

Bank of America's Book Value per Share for the quarter that ended in Dec. 2023 was $33.34.

During the past 12 months, Bank of America's average Book Value per Share Growth Rate was 8.90% per year. During the past 3 years, the average Book Value per Share Growth Rate was 5.10% per year. During the past 5 years, the average Book Value per Share Growth Rate was 5.30% per year. During the past 10 years, the average Book Value per Share Growth Rate was 4.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Bank of America was 46.20% per year. The lowest was -21.80% per year. And the median was 4.75% per year.

Competitive Comparison of Bank of America's 3-Year Book Growth Rate

For the Banks - Diversified subindustry, Bank of America's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bank of America's 3-Year Book Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of America's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Bank of America's 3-Year Book Growth Rate falls into.

Bank of America 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Bank of America (LIM:BAC) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Bank of America 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of Bank of America's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Bank of America (LIM:BAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of America Corp (LIM:BAC) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Address

100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255

Website

https://www.bankofamerica.com

Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.