BAC
SP100NYSEBank of America Corporation
Financial Services · Banks - Diversified · United States
Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, checking accounts, and investment accounts and products; credit and debit cards; residential mortgages and home equity loans; and direct and indirect loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, and underwriting and advisory services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.
www.bankofamerica.com ↗Shares trade at a low 14.6× trailing earnings, easing to 11.5× on forward estimates. Profitability shows a net margin of 29.0% and return on equity of 10.6%. Debt/equity stands at 2.64×. Revenue grew 8.1% year-on-year. It yields 1.9% in dividends. The mean analyst target of USD64.12 sits 9.2% above the current price (Strong Buy, 21 analysts).
business model
Bank of America is a diversified global bank that earns net interest income from lending and deposits and fee/noninterest income from wealth management, investment banking, trading, and card/service fees. It serves retail consumers, wealth clients, corporations, and institutions.
revenue segments
Four segments: Consumer Banking (deposits, cards, mortgages), Global Wealth & Investment Management (Merrill and Private Bank), Global Banking (commercial lending and investment banking), and Global Markets (sales and trading). The US is the core market, with global corporate and markets operations; net interest income is the largest revenue driver.
key dependencies
Depends on interest rates and the yield curve, deposit funding and stability, credit quality across consumer and commercial loans, capital and liquidity regulation (Basel/CCAR stress tests), and the macroeconomic cycle. Large securities portfolios expose it to rate-driven unrealized losses.
competitors
Competes with JPMorgan Chase, Wells Fargo, Citigroup, and other large banks, plus Goldman Sachs and Morgan Stanley in markets/wealth, and fintechs in payments and consumer finance.
moat
Moat comes from massive low-cost deposit scale, a leading US retail franchise, high customer switching costs, the Merrill wealth platform, brand trust, and regulatory barriers to entry; its large deposit base is a durable funding advantage.
risks
Risks include interest-rate sensitivity and unrealized bond losses, credit losses in a downturn (consumer, commercial real estate), tighter capital requirements, deposit competition and outflows, litigation/regulatory costs, and trading/market volatility.
Financials & metrics
as of 27 Aug 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $113.10B | $105.86B | $102.77B | $94.95B | — |
| Interest expense | $78.47B | $90.55B | $73.33B | $20.10B | — |
| Pretax income | $37.70B | $33.22B | $32.53B | $30.97B | — |
| Tax provision | $7.19B | $6.25B | $6.22B | $3.44B | — |
| Net income | $30.51B | $26.97B | $26.30B | $27.53B | — |
| Diluted EPS | $3.81 | $3.21 | $3.08 | $3.19 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $3.41T | $3.26T | $3.18T | $3.05T | — |
| Cash & equivalents | $239.32B | $296.49B | $341.42B | $237.46B | — |
| Total liabilities | $3.11T | $2.97T | $2.89T | $2.78T | — |
| Total debt | $365.90B | $326.67B | $334.30B | $302.91B | — |
| Long-term debt | $317.82B | $283.28B | $302.20B | $275.98B | — |
| Shareholders' equity | $303.24B | $293.96B | $291.65B | $273.20B | — |
| Retained earnings | $261.69B | $240.75B | $224.67B | $207.00B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $12.61B | -$8.80B | $44.98B | -$6.33B | — |
| Investing cash flow | -$145.16B | -$90.69B | -$35.39B | -$2.53B | — |
| Financing cash flow | $69.95B | $60.37B | $93.34B | -$106.04B | — |
| Free cash flow | $12.61B | -$8.80B | $44.98B | -$6.33B | — |
| Dividends paid | -$9.56B | -$9.50B | -$9.09B | -$8.58B | — |
| Share buybacks | -$24.10B | -$18.36B | -$4.58B | -$5.73B | — |
| End cash position | $231.84B | $290.11B | $333.07B | $230.20B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 27 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 27 Aug 2026News
Sector peers
Notes & alerts
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