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BAC (Bank of America) Scaled Net Operating Assets : 0.00 (As of Sep. 2024)


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What is Bank of America Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bank of America's operating assets for the quarter that ended in Sep. 2024 was $2,704,834 Mil. Bank of America's operating liabilities for the quarter that ended in Sep. 2024 was $2,692,414 Mil. Bank of America's Total Assets for the quarter that ended in Jun. 2024 was $3,257,996 Mil. Therefore, Bank of America's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.00.

Bank of America Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bank of America's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(2838732-2554203)/3051375
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3180151 - 341419
=2838732

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2888505 - 302204 - 32098
=2554203

Bank of America's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(2704834-2692414)/3257996
=0.00

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3324293 - 619459
=2704834

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3027781 - 296927 - 38440
=2692414

* 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 Scaled Net Operating Assets Related Terms

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Bank of America Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of America Corp (NYSE:BAC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
BACpS.PFD:USA BACpQ.PFD:USA BACpP.PFD:USA BACpO.PFD:USA BACpN.PFD:USA BACpM.PFD:USA BACpK.PFD:USA BACpB.PFD:USA BACRP.PFD:USA BMLpL.PFD:USA BMLpJ.PFD:USA BMLpH.PFD:USA BMLpG.PFD:USA BACpL.PFD:USA BACpE.PFD:USA BAC:Peru BAC:Mexico BAC_KZ:Kazakhstan 1BAC:Italy NCBd:UK NCB:Germany NCB:Germany NCB:Germany NCB:Germany BAC:Chile BOFA:Canada BOAC34:Brazil BOAC:Austria
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 $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.
Executives
Berkshire Hathaway Inc 10 percent owner 3555 FARNAM STREET, OMAHA NE 68131
Bernard A Mensah officer: President, International 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Lindsay D. Hans officer: Pres, Merrill Wealth Mgmt 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Thomas D Woods director 100 NORTH TRYON STREET, CHARLOTTE NC 28255
James P Demare officer: President, Global Markets 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Dean C Athanasia officer: Pres Prf & Sm Bs Bk & Co-Hd CB 100 FEDERAL STREET, BOSTON MA 02110
Eric A. Schimpf officer: Pres, Merrill Wealth Mgmt 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Matthew M Koder officer: Pres, Gl Corp & Invest Banking 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Jose E Almeida director ONE BAXTER PARKWAY, DEERFIELD IL 60015
Andrew M. Sieg officer: Pres, Merill Lynch Wlth Mgmt 100 N TRYON STREET, CHARLOTTE NC 28255
Frank P Bramble director
Bruce R. Thompson officer: Vice Chair, Head Ent Credit 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Alastair M Borthwick officer: Pres, Global Com Banking 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Aditya Bhasin officer: Chief Tech & Info Officer 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Lauren A Mogensen officer: Global Compl & Op Risk Exec 100 NORTH TRYON STREET, CHARLOTTE NC 28255