Financials · Diversified Banks · US stock · price as of 22 Oct 2026
Key indicators
Price
$51.08
52-week range
$46.12 – $65.23
Market cap
$372.6B
P/E (trailing)
11.4×
Dividend yield
2.3%
Revenue (last 12 months)
$121.1B
Revenue growth (3y a year)
6.0%
Price / book
1.2×
Return on equity
11.2%
Fair value
Fair value (average of valid models)$56.12 middle half of models $51 – $58
Versus priceFair+10% to fair value
P/E multiple
$51.57
P/B multiple
$48.11
P/S multiple
$52.88
Dividend discount, stable
$71.91
Model uncertainty
Medium
X-Ray Score
48/ 100 · Medium confidence · ahead of 35% of sector peers
Valuation58
Growth39
Profitability43
Financial health53
Dividends47
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
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%.
StocksXray gives Bank Of America Corp an X-Ray Score of 48 out of 100 (medium confidence), ahead of 35% of the S&P 500 stocks in its sector. Its strongest lens is valuation (58) and its weakest is growth (39).
Our fair value (the average of the valid models) is $56.12 (range $50.71 to $57.64). At $51.08 the stock trades 9% below that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Bank Of America Corp (BAC)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$39.55
$30.13
$31.58
$42.28
$54.13
$51.08
Market cap
$338.5B
$246.1B
$255.2B
$335.5B
$415.8B
$372.6B
P/E
11.1×
9.4×
10.4×
13.3×
14.2×
11.4×
Price / book
1.3×
0.9×
0.9×
1.1×
1.4×
1.2×
Dividend yield
1.97%
2.85%
2.91%
2.37%
2.00%
2.27%
Fundamentals checklist ● 1 Good · ● 4 Average · ● 2 Bad · each check graded against the sector
Risk models
Piotroski F-Score7 of 9Average
Growth
EPS growth (3y)6.1%Bad
Revenue growth (3y)6.0%Average
Growth consistency90%Average
Valuation
Fair value vs price1.1×Average
Profitability
Return on invested capital8.0%Bad
Operating margin36.2%Good
XStocksXray
Bank Of America Corp (BAC)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
89,113
94,950
102,769
105,856
113,097
121,098
Net income
31,978
27,528
26,305
26,973
30,509
33,655
Diluted EPS ($)
3.57
3.19
3.05
3.19
3.81
4.48
Net margin
35.9%
29.0%
25.6%
25.5%
27.0%
27.8%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
3,169,495
3,051,375
3,180,151
3,261,299
3,411,738
3,499,191
Cash
348,221
230,203
333,073
290,114
231,845
229,745
Total debt
280,117
285,882
315,304
307,479
338,216
339,863
Equity
270,066
273,197
290,209
293,963
303,243
301,094
Dividend per share ($)
0.78
0.86
0.92
1.00
1.08
1.12
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
