Bank Of America Corp.
BAC
Market Cap$358.71B
Close$
Earnings Call Q3 2024
October 15, 2024 - AI Summary
**Strong Financial Performance**: Bank of America reported $25.5 billion in revenue and $6.9 billion in net income for Q3, demonstrating solid performance in a stable yet slowly growing economy. Year-to-date net income has reached over $20 billion, with earnings per share at $0.81.
**Net Interest Income (NII) Growth Outlook**: NII showed signs of recovery with a 2% increase QoQ to $14 billion. The bank expects NII to continue growing in Q4, forecasting at least $14.3 billion. This positions them well for 2025, despite the volatile rate environment.
**Consumer and Commercial Deposits Dynamics**: While Bank of America has added 360,000 net new consumer checking accounts, consumer deposits have slightly declined due to higher-yielding, interest-sensitive customers moving their balances. However, commercial deposit growth is strong, reflecting increased cash balances on corporate balance sheets.
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$34.11
27% downside
Current Fair Value
27% downsideOvervalued by 27% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $358.71 Billion |
|---|---|
| Enterprise Value | $796.70 Billion |
| Dividend Yield | $1.04 (2.13903743315508%) |
| Earnings per Share | $3.1 |
| Beta | 1.33 |
| Outstanding Shares | 7,818,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 15.48 |
|---|---|
| PEG | -133.3 |
| Price to Sales | 3.12 |
| Price to Book Ratio | 1.26 |
| Enterprise Value to Revenue | 6.69 |
| Enterprise Value to EBIT | 41.01 |
| Enterprise Value to Net Income | 33 |
| Total Debt to Enterprise | 0.92 |
| Debt to Equity | 2.47 |
Revenue Sources
No data
Insider Trades
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...