Bank Of America Corp (BAC)
Financials · Diversified Banks · US stock · S&P 500 component
$51.08
▲ +0.30 (0.59%)
Fair valueFair
$56 +9.9% to fair value
$28fair band $48–$68$84
Day's range
$50.20 – $51.21
52-week range
$46.12 – $65.23
About Bank Of America Corp
Bank of America is one of the largest banks in the United States, serving consumers, small businesses, corporations and investors. Its divisions include consumer banking, global wealth management through Merrill, global banking and global markets. It earns net interest income on loans and deposits, plus fees from cards, advice, underwriting, trading and asset management, so interest rates and economic conditions influence its results.
Revenue over the last twelve months came to $121.1 billion, and sales grew by 6.0% a year on average across the past three years. Operating margin is 36.2% and return on invested capital is 8%. It pays a dividend with a yield of 2.3%. The X-Ray Score is 48 out of 100.
Price chart
52-wk range $46.12 – $65.23Volume 37,424,112Daily, split-adjusted
Vitals
Market cap$372.6B
52-week range$46.12 – $65.23
Volume (last day)37,424,112
P/E (TTM)11.4
EBIT / EV yield8.9%
Free-cash-flow yield–
Dividend yield2.3%
Revenue (TTM)$121.1B
Net income (TTM)$33.7B
Operating margin36.2%
Return on capital8.0%
Debt incl. leases$351.8B
Cash & securities$229.7B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$56middle half of models $51 – $58
Fair
+9.9% to fair value
Average of the 4 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $51
Undervalued < $48Fair $48 – $68Overvalued > $68
P/E multiple
$52
P/B multiple
$48
P/S multiple
$53
Dividend discount, stable
$72
Dividend discount, multi-stage · not used
$144
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
58/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield8.9%
Fair value vs price1.1×
Growth
Weak
39/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)6.0%
EPS growth (3y)6.1%
Growth consistency90%
Profitability
Weak
43/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital8.0%
Operating margin36.2%
Financial health
Fair
53/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA2.6×
Interest coverNo interest cost
Dividends
Weak
47/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.3%
Dividend growth3.7%
Quarterly results: last 6 quarters
+9.4%
Mar '25
+8.1%
Jun '25
+10.8%
Sep '25
+6.4%
Dec '25
+7.2%
Mar '26
+15.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $31.6B, diluted EPS $1.21.
Compare with peers
USB Us Bancorp De63 PNC Pnc Financial Services...49 JPM Jpmorgan Chase & Co49 WFC Wells Fargo & Company38Other Diversified Banks companies by X-Ray Score.
SWOT analysis: Bank Of America Corp
Strengthsinside the company
- Operating profit covers interest 50x, so debt costs are a small drag.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Financials as favourable.
Threatsvaluation and setting
- The price trend is down on the daily and weekly signals.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare BAC with peers and sector
Medians of 6 Diversified Banks peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): JPM 49, WFC 38, C 24, USB 63, PNC 49, TFC 38.
| Metric | BAC | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 48 | 44 | 50 |
| Valuation | 58 | 55 | 52 |
| Growth | 39 | 28 | 54 |
| Profitability | 43 | 38 | 49 |
| Financial health | 53 | 46 | 50 |
| Dividends | 47 | 57 | 54 |
Sector leaders: highest X-Ray Score in Financials
BAC ranks #46 of 71 in Financials and #4 of 7 in Diversified Banks by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for BAC
Each factor is rated by where BAC stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 3 Average · 2 Bad of 8
Growth: 0 · 2 · 1
Profitability: 1 · 0 · 1
Valuation: 2 · 1 · 0
| Factor | BAC | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +6.0% | Average beats 36% | +8.3% | – | – |
| Revenue growth, last year | +6.8% | Average beats 49% | +6.9% | +6.6% | ≈ In line |
| EPS growth, 3 years a year | +6.1% | Bad beats 27% | +12.7% | – | – |
| Profitability | |||||
| Net margin | 27.8% | Good beats 76% | 21.8% | 27.0% | ≈ In line |
| Return on equity | 11.2% | Bad beats 29% | 15.7% | 10.1% | ≈ In line |
| Valuation | |||||
| P/E ratio | 11.1x | Good beats 74% | 13.8x | 11.9x | ≈ In line |
| Price / book | 1.2x | Good beats 78% | 2.2x | 1.2x | ≈ In line |
| Price / sales | 3.1x | Average beats 53% | 3.1x | 3.3x | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 5 Average · ● 3 BadCash quality
Earnings backed by cashGood
Risk models
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 51/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $89.1B | $95.0B | $102.8B | $105.9B | $113.1B |
| Operating income | $38.7B | $51.1B | $105.9B | $33.2B | $37.7B |
| Net income | $32.0B | $27.5B | $26.3B | $27.0B | $30.5B |
| Operating cash flow | −$7.2B | −$6.3B | $45.0B | −$8.8B | $12.6B |
| Operating margin | 43.4% | 53.8% | 103.0% | 31.4% | 33.3% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $3.57 | $3.19 | $3.05 | $3.19 | $3.81 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
2 bullish · 2 neutral · 12 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Neutral
4 bullish · 1 neutral · 3 bearish
Moving averages (daily)
| SMA 10 | 52.01 | Bearish |
| EMA 10 | 51.80 | Bearish |
| SMA 20 | 53.22 | Bearish |
| EMA 20 | 53.29 | Bearish |
| SMA 50 | 57.89 | Bearish |
| EMA 50 | 56.05 | Bearish |
| SMA 100 | 58.37 | Bearish |
| EMA 100 | 56.60 | Bearish |
| SMA 200 | 54.66 | Bearish |
| EMA 200 | 55.04 | Bearish |
Oscillators (daily)
| RSI (14) | 28.29 | Bullish |
| MACD (12, 26) | -1.99 | Bearish |
| Momentum (12) | -5.56 | Bearish |
| Stochastic %K (14) | 32.10 | Neutral |
| Williams %R (14) | -67.90 | Neutral |
| CCI (20) | -102.8 | Bullish |
Pivot points (classic, last session)
S3 49.44 | S2 49.82 | S1 50.45 | Pivot 50.83 | R1 51.46 | R2 51.84 | R3 52.47 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.16 USD
Yield on today's price
2.27%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.3200 | |
| 0.2800 | |
| 0.2800 | |
| 0.2800 | |
| 0.2800 | |
| 0.2600 | |
| 0.2600 | |
| 0.2600 | |
| 0.2600 | |
| 0.2400 | |
| 0.2400 | |
| 0.2400 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold BAC
| ETF | Share of the fund |
|---|---|
| KBWB Invesco KBW Bank | 7.76% |
| XLF Financial Select Sector SPDR | 4.90% |
| OMAH VistaShares Target 15 Berkshire Select... | 4.83% |
| IYF iShares U.S. Financials | 4.72% |
| VFH Vanguard Financials | 4.25% |
| PWV Invesco Dynamic Large Cap Value | 3.66% |
| USMC Principal U.S. Mega-Cap | 3.58% |
| FTHI First Trust BuyWrite Income | 2.26% |
The eight funds with the largest weight in BAC among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
BAC stock splits
BAC has split its stock 2 times since 1997. The latest was a 2-for-1 split on 30 Aug 2004.
Full BAC stock split history →BAC SEC filings
424B5SEC EDGAR
424B5
8-KSEC EDGAR
Director or officer change
424B5SEC EDGAR
424B5
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.