Bank Of America Corp.
BAC
Market Cap$282.25B
Close$
Earnings Call Q4 2023
January 12, 2024 - AI Summary
Bank of America reported solid fourth quarter and full year results, with adjusted net income of $5.9 billion or $0.70 per share.
The bank delivered strong profits in 2023 despite a challenging economic environment, geopolitical tensions, and rate hikes.
Consumer deposit balances remained 30% higher than pre-pandemic levels, although there was a decline in average balance size accounts as customers moved excess balances into the markets for higher yields.
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$31.22
18.6% downside
Current Fair Value
18.6% downsideOvervalued by 18.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $282.25 Billion |
|---|---|
| Enterprise Value | $900.44 Billion |
| Dividend Yield | $0.9297 (2.6%) |
| Earnings per Share | $3.1 |
| Beta | 1.1 |
| Outstanding Shares | 7,890,638,876 |
| Avg 30 Day Volume | 41,814,534 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 11.35 |
|---|---|
| PEG | -19.27 |
| Price to Sales | 1.83 |
| Price to Book Ratio | 1.07 |
| Enterprise Value to Revenue | 5.24 |
| Enterprise Value to EBIT | 31.77 |
| Enterprise Value to Net Income | 36 |
| Total Debt to Enterprise | 0.69 |
| Debt to Equity | 2.12 |
Revenue Sources
No data
ESG Score
No data
About Bank Of America Corp.
213,000 employees
CEO: Brian Moynihan Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial a...