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Bank of America (BAC)

(Delayed Data from NYSE)

$37.83 USD

37.83
28,112,057

-0.08 (-0.21%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $37.75 -0.08 (-0.21%) 5:10 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value D Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 18% (46 out of 252)

Industry: Banks - Major Regional

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Better trading starts here.

Balance Sheet

Research for BAC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Bank of America Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 899,397 801,144 853,165 889,921 673,090
Receivables NA NA NA 973,280 NA
Notes Receivable 0 0 0 0 0
Inventories 6,002 6,871 15,635 9,243 9,158
Other Current Assets 0 0 0 0 0
Total Current Assets NA NA NA NA NA
Net Property & Equipment 11,855 11,510 10,833 11,000 10,561
Investments & Advances 871,407 862,819 982,627 684,850 472,197
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 69,021 69,022 69,022 68,951 68,951
Deposits & Other Assets 200,198 199,401 199,213 182,382 170,175
Total Assets NA NA NA NA NA
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 315,985 222,567 216,082 189,644 189,313
Accounts Payable NA NA NA NA NA
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 207,527 224,073 200,419 181,799 182,798
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 95,530 80,399 100,690 71,320 83,270
Total Current Liabilities NA NA NA NA NA
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 302,204 275,982 280,117 262,934 240,856
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 43,432 44,816 37,675 45,526 38,229
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities NA NA NA NA NA
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 28,397 28,397 24,708 24,510 23,401
Common Stock (Par) 56,365 58,953 62,398 85,982 91,723
Capital Surplus 0 0 0 0 0
Retained Earnings 224,672 207,003 188,064 164,088 156,319
Other Equity -17,788 -21,156 -5,104 -1,656 -6,633
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 291,646 273,197 270,066 272,924 264,810
Total Liabilities & Shareholder's Equity NA NA NA NA NA
Total Common Equity 263,249 244,800 245,358 248,414 241,409
Shares Outstanding 7,913.70 8,022.40 8,184.00 8,650.70 8,995.10
Book Value Per Share 33.26 30.51 29.98 28.72 26.84

Fiscal Year End for Bank of America Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 955,528 899,397 975,379 969,175 1,000,911
Receivables NA NA NA NA NA
Notes Receivable NA 0 0 0 0
Inventories 8,762 6,002 7,591 6,788 6,809
Other Current Assets NA 0 0 0 0
Total Current Assets NA NA NA NA NA
Net Property & Equipment 11,901 11,855 11,821 11,688 11,708
Investments & Advances 909,982 871,407 778,873 756,158 797,005
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles 69,021 69,021 69,021 69,021 69,022
Deposits & Other Assets 196,560 200,198 200,196 198,094 195,408
Total Assets NA NA NA NA NA
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 368,553 315,985 340,899 329,644 370,944
Accounts Payable NA NA NA NA NA
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses 214,129 207,527 206,492 205,736 216,621
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities 114,326 95,530 102,820 97,818 92,452
Total Current Liabilities NA NA NA NA NA
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt 296,346 302,204 290,359 286,073 283,873
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 40,401 40,855 43,399 40,169
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA NA NA NA NA
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 28,397 28,397 28,397 28,397 28,397
Common Stock (Par) 54,310 56,365 56,710 57,267 57,264
Capital Surplus NA 0 0 0 0
Retained Earnings 228,902 224,672 223,749 218,397 213,062
Other Equity -18,057 -17,788 -21,792 -20,742 -18,527
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity 293,552 291,646 287,064 283,319 280,196
Total Liabilities & Shareholder's Equity NA NA NA NA NA
Total Common Equity 265,155 263,249 258,667 254,922 251,799
Shares Outstanding 7,890.60 7,913.70 7,913.70 7,946.30 7,969.10
Book Value Per Share 33.60 33.26 32.69 32.08 31.60