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
| ISIN | US0605051046 |
|---|---|
| CUSIP | 060505104 |
| Sector | Financial Services |
| Industry | Banks—Diversified |
Highlights
| Market Cap | $245.01B |
|---|---|
| EPS | $3.57 |
| PE Ratio | 8.67 |
| PEG Ratio | 7.17 |
| Revenue (TTM) | $96.77B |
| Gross Profit (TTM) | $92.41B |
| Year Range | $24.76 - $35.88 |
| Target Price | $33.98 |
| Short % | 0.97% |
| Short Ratio | 1.27 |
Share Price Chart
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Performance
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.
Compare to other instruments
Popular comparisons: BAC vs. JPM, BAC vs. SPY, BAC vs. WFC, BAC vs. XLF, BAC vs. TROW, BAC vs. VOO, BAC vs. SCHD, BAC vs. KNOP, BAC vs. USB, BAC vs. GS
Return
Bank of America Corporation had a return of -3.61% year-to-date (YTD) and -1.59% in the last 12 months. Over the past 10 years, Bank of America Corporation had an annualized return of 9.20%, while the S&P 500 had an annualized return of 9.85%, indicating that Bank of America Corporation did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.61% | 19.92% |
| 1 month | 11.89% | 5.06% |
| 6 months | 7.51% | 7.11% |
| 1 year | -1.59% | 16.17% |
| 5 years (annualized) | 6.58% | 11.84% |
| 10 years (annualized) | 9.20% | 9.85% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -5.09% | 4.06% | 11.54% | -9.66% | -4.50% | -3.80% | 16.68% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BAC Bank of America Corporation | -0.10 | ||||
^GSPC S&P 500 | 1.25 |
Dividend History
Bank of America Corporation granted a 2.97% dividend yield in the last twelve months. The annual payout for that period amounted to $0.92 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.92 | $0.86 | $0.78 | $0.72 | $0.66 | $0.54 | $0.39 | $0.25 | $0.20 | $0.12 | $0.04 | $0.04 |
Dividend yield | 2.97% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% | 0.67% | 0.26% | 0.34% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2013 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 |
| 2012 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 |
Dividend Yield & Payout
Dividend Yield
Payout Ratio
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -93.45% | Oct 8, 2007 | 356 | Mar 6, 2009 | 3063 | May 6, 2021 | 3419 |
| -67.75% | 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 | — | — | — |
| -41.2% | Aug 27, 1987 | 69 | Dec 3, 1987 | 167 | Aug 2, 1988 | 236 |
Volatility Chart
The current Bank of America Corporation volatility is 6.65%, 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.