Bank of America Corporation (BAC)
Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina. It is the second-largest bank in the United States by assets and serves a wide range of clients, including individuals, small businesses, and large corporations. Bank of America offers a range of banking and financial products and services, including checking and savings accounts, credit cards, mortgages, and investment products.
Company Info
US0605051046
060505104
Jan 13, 1978
Highlights
$356.48B
$2.76
16.83
2.06
$97.40B
$58.68B
$42.54B
$28.53 - $47.05
$47.79
0.96%
2.02
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bank of America Corporation, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Bank of America Corporation had a return of 40.71% year-to-date (YTD) and 61.18% in the last 12 months. Over the past 10 years, Bank of America Corporation had an annualized return of 12.79%, outperforming the S&P 500 benchmark which had an annualized return of 11.16%.
BAC
40.71%
9.83%
20.11%
61.18%
9.68%
12.79%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of BAC, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.01% | 2.21% | 9.85% | -2.40% | 8.05% | 0.05% | 1.36% | 1.09% | -1.99% | 5.39% | 40.71% | ||
| 2023 | 7.13% | -3.33% | -16.08% | 2.38% | -5.09% | 4.06% | 11.54% | -9.66% | -4.50% | -3.80% | 16.68% | 10.43% | 4.83% |
| 2022 | 3.71% | -4.20% | -6.29% | -13.44% | 4.26% | -15.84% | 8.61% | -0.59% | -9.55% | 19.34% | 5.02% | -11.99% | -23.82% |
| 2021 | -2.18% | 17.07% | 12.02% | 4.76% | 4.59% | -2.33% | -6.96% | 8.84% | 2.20% | 12.56% | -6.93% | 0.53% | 49.61% |
| 2020 | -6.79% | -13.19% | -25.03% | 13.28% | 0.29% | -0.85% | 4.76% | 3.46% | -5.76% | -1.62% | 18.82% | 8.31% | -11.63% |
| 2019 | 15.54% | 2.66% | -5.12% | 10.84% | -13.02% | 9.61% | 5.79% | -10.33% | 6.73% | 7.20% | 6.56% | 6.28% | 46.19% |
| 2018 | 8.40% | 0.31% | -6.22% | -0.23% | -2.54% | -2.93% | 9.54% | 0.16% | -4.29% | -6.65% | 3.27% | -12.74% | -14.98% |
| 2017 | 2.44% | 9.01% | -4.12% | -1.06% | -3.67% | 8.26% | -0.58% | -0.45% | 6.07% | 8.09% | 3.29% | 4.79% | 35.69% |
| 2016 | -15.98% | -11.46% | 8.40% | 7.69% | 1.58% | -9.97% | 9.19% | 11.91% | -3.04% | 5.43% | 28.48% | 4.64% | 33.37% |
| 2015 | -15.32% | 4.36% | -2.35% | 3.51% | 3.58% | 3.46% | 5.05% | -8.61% | -4.34% | 7.70% | 3.87% | -3.17% | -4.78% |
| 2014 | 7.58% | -1.31% | 4.12% | -11.98% | -0.00% | 1.59% | -0.78% | 5.51% | 6.29% | 0.65% | -0.70% | 5.30% | 15.74% |
| 2013 | -2.50% | -0.71% | 8.46% | 1.07% | 10.97% | -5.79% | 13.53% | -3.29% | -2.20% | 1.23% | 13.24% | -1.52% | 34.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BAC is 92, placing it in the top 8% of stocks on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Bank of America Corporation (BAC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Bank of America Corporation provided a 2.11% dividend yield over the last twelve months, with an annual payout of $0.98 per share. The company has been increasing its dividends for 14 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.98 | $0.92 | $0.86 | $0.78 | $0.72 | $0.66 | $0.54 | $0.39 | $0.25 | $0.20 | $0.12 | $0.04 |
Dividend yield | 2.11% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% | 0.67% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Bank of America Corporation. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.74 | |
| 2023 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.92 |
| 2022 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.86 |
| 2021 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.78 |
| 2020 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.72 |
| 2019 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.66 |
| 2018 | $0.00 | $0.00 | $0.12 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.54 |
| 2017 | $0.00 | $0.00 | $0.08 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.39 |
| 2016 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.25 |
| 2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.20 |
| 2014 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.12 |
| 2013 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.04 |
Dividend Yield & Payout
Dividend Yield
Payout Ratio
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Bank of America Corporation. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bank of America Corporation was 93.45%, occurring on Mar 6, 2009. Recovery took 3063 trading sessions.
The current Bank of America Corporation drawdown is 0.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -93.45% | Oct 8, 2007 | 356 | Mar 6, 2009 | 3063 | May 6, 2021 | 3419 |
| -67.76% | Aug 8, 1989 | 312 | Oct 30, 1990 | 387 | May 13, 1992 | 699 |
| -52.85% | Jul 15, 1998 | 607 | Dec 6, 2000 | 359 | May 17, 2002 | 966 |
| -46.64% | Feb 9, 2022 | 432 | Oct 27, 2023 | 261 | Nov 11, 2024 | 693 |
| -41.2% | Aug 27, 1987 | 69 | Dec 3, 1987 | 167 | Aug 2, 1988 | 236 |
Volatility
Volatility Chart
The current Bank of America Corporation volatility is 9.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Valuation
The Valuation section provides an assessment of the market value of Bank of America Corporation compared to its peers in the Banks - Diversified industry.
PE Ratio
The chart displays the price to earnings (P/E) ratio for BAC in comparison to other companies of the Banks - Diversified industry. Currently, BAC has a PE value of 16.8. This PE ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.PEG Ratio
The chart displays the price to earnings to growth (PEG) ratio for BAC in comparison to other companies of the Banks - Diversified industry. Currently, BAC has a PEG value of 2.1. This PEG ratio falls in the average range for the industry.Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Bank of America Corporation.
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Income Statement
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