Financials Bank of America Corporation

Equities

BAC

US0605051046

Banks

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT After market 07:50:11 pm
37.83 USD -0.21% Intraday chart for Bank of America Corporation 37.74 -0.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 316,808 262,205 364,110 265,703 266,455 297,604 - -
Enterprise Value (EV) 1 316,808 262,205 364,110 265,703 266,455 297,604 297,604 297,604
P/E ratio 12.8 x 16.2 x 12.5 x 10.4 x 10.9 x 11.8 x 10.8 x 9.89 x
Yield 1.87% 2.38% 1.75% 2.6% 2.73% 2.64% 2.86% 3.34%
Capitalization / Revenue 3.45 x 3.05 x 4.09 x 2.8 x 2.7 x 2.92 x 2.85 x 2.75 x
EV / Revenue 3.45 x 3.05 x 4.09 x 2.8 x 2.7 x 2.92 x 2.85 x 2.75 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.29 x 1.06 x 1.46 x 1.08 x 1.01 x 1.07 x 1.01 x 0.95 x
Nbr of stocks (in thousands) 8,995,107 8,650,790 8,184,084 8,022,432 7,913,732 7,866,868 - -
Reference price 2 35.22 30.31 44.49 33.12 33.67 37.83 37.83 37.83
Announcement Date 1/15/20 1/19/21 1/19/22 1/13/23 1/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 91,839 86,027 89,113 94,950 98,581 101,882 104,548 108,383
EBITDA - - - - - - - -
EBIT 1 36,344 30,315 29,382 33,512 32,736 35,978 37,533 39,253
Operating Margin 39.57% 35.24% 32.97% 35.29% 33.21% 35.31% 35.9% 36.22%
Earnings before Tax (EBT) 1 32,754 18,995 33,976 30,969 28,342 29,898 31,453 33,801
Net income 1 25,998 16,473 30,557 26,015 24,866 25,536 27,166 28,428
Net margin 28.31% 19.15% 34.29% 27.4% 25.22% 25.06% 25.98% 26.23%
EPS 2 2.750 1.870 3.570 3.190 3.080 3.202 3.506 3.825
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.6600 0.7200 0.7800 0.8600 0.9200 1.000 1.081 1.263
Announcement Date 1/15/20 1/19/21 1/19/22 1/13/23 1/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 22,766 22,060 23,228 22,688 24,502 24,532 26,258 25,197 25,167 21,959 25,818 25,313 25,372 25,081 25,992
EBITDA - - - - - - - - - - - - - - -
EBIT 1 8,326 7,329 7,909 7,415 9,199 8,989 10,020 9,159 9,329 4,228 8,581 9,122 9,277 9,050 9,632
Operating Margin 36.57% 33.22% 34.05% 32.68% 37.54% 36.64% 38.16% 36.35% 37.07% 19.25% 33.24% 36.04% 36.56% 36.08% 37.06%
Earnings before Tax (EBT) 1 8,950 7,818 7,879 6,892 8,301 7,897 9,089 8,034 8,095 3,124 7,262 7,465 7,588 7,355 7,656
Net income 1 7,260 6,773 6,600 5,932 6,579 6,904 7,656 7,102 7,270 2,838 6,142 6,478 6,444 6,461 6,551
Net margin 31.89% 30.7% 28.41% 26.15% 26.85% 28.14% 29.16% 28.19% 28.89% 12.92% 23.79% 25.59% 25.4% 25.76% 25.2%
EPS 2 0.8500 0.8200 0.8000 0.7300 0.8100 0.8500 0.9400 0.8800 0.9000 0.3500 0.7600 0.8106 0.8006 0.8110 0.8405
Dividend per Share 2 0.2100 0.2100 0.2100 0.2100 0.2200 0.2200 0.2200 0.2200 0.2400 0.2400 0.2400 0.2400 0.2591 0.2604 0.2567
Announcement Date 10/14/21 1/19/22 4/18/22 7/18/22 10/17/22 1/13/23 4/18/23 7/18/23 10/17/23 1/12/24 4/16/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.6% 6.76% 12.2% 10.8% 9.75% 9.39% 9.61% 10%
ROA (Net income/ Total Assets) 1.14% 0.67% 1.05% 0.88% 0.84% 0.83% 0.85% 0.86%
Assets 1 2,280,526 2,458,657 2,910,190 2,956,250 2,960,238 3,079,954 3,194,636 3,318,483
Book Value Per Share 2 27.30 28.70 30.40 30.60 33.30 35.30 37.40 39.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/15/20 1/19/21 1/19/22 1/13/23 1/12/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
37.83 USD
Average target price
39.7 USD
Spread / Average Target
+4.95%
Consensus
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