Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Bank of America's share price for the quarter that ended in Sep. 2024 was $39.68. Bank of America's Shares Outstanding (EOP) for the quarter that ended in Sep. 2024 was 7,689 Mil. Therefore, Bank of America's market cap for the quarter that ended in Sep. 2024 was $305,090 Mil.
Bank of America's quarterly market cap
increased
from Mar. 2024 ($298,312 Mil) to Jun. 2024 ($309,202 Mil) but then
declined
from Jun. 2024 ($309,202 Mil) to Sep. 2024 ($305,090 Mil).
Bank of America's annual market cap
declined
from Dec. 2021 ($359,383 Mil) to Dec. 2022 ($264,853 Mil) but then
increased
from Dec. 2022 ($264,853 Mil) to Dec. 2023 ($265,840 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Bank of America's Enterprise Value for Today is $409,747 Mil.
Bank of America Market Cap Historical Data
The historical data trend for Bank of America's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Bank of America's Market Cap
For the Banks - Diversified subindustry, Bank of America's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Bank of America's Market Cap distribution charts can be found below:
* The bar in red indicates where Bank of America's Market Cap falls into.
Bank of America Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Bank of America's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bank of America (NYSE:BAC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Bank of America Market Cap Related Terms
Thank you for viewing the detailed overview of Bank of America's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 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 US-focused.
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