Bank of America Financials
| BOFA Stock | 21.95 0.02 0.09% |
Bank | Select Account or Indicator |
Understanding current and past Bank of America Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Bank of America's financial statements are interrelated, with each one affecting the others. For example, an increase in Bank of America's assets may result in an increase in income on the income statement.
Please note, the presentation of Bank of America's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Bank of America's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Bank of America's management manipulating its earnings.
Bank of America Stock Summary
Bank of America competes with Thunderbird Entertainment, Atrium Mortgage, Roadman Investments, MTY Food, and Quorum Information. Bank of America is entity of Canada. It is traded as Stock on NEO exchange.Specialization | Financial Services, Banks - Diversified |
| Instrument | Canada Stock View All |
| Exchange | NEO Exchange |
| ISIN | CA06048X1087 |
| Business Address | Bank of America |
| Sector | Banks |
| Industry | Financials |
| Benchmark | Dow Jones Industrial |
| Website | www.bankofamerica.com |
| Phone | (704) 386 5681 |
You should never invest in Bank of America without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Bank Stock, because this is throwing your money away. Analyzing the key information contained in Bank of America's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Bank of America Key Financial Ratios
There are many critical financial ratios that Bank of America's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Bank of America reports annually and quarterly.| Revenue | 101.89 B | |||
| Net Income | 27.13 B | |||
| Total Asset | 3.26 T | |||
| Retained Earnings | 242.35 B |
Bank of America Key Balance Sheet Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 2.8T | 3.2T | 3.1T | 3.2T | 3.3T | 3.3T | |
| Retained Earnings | 164.1B | 188.1B | 207.0B | 224.7B | 242.3B | 216.8B | |
| Cash | 387.0B | 355.4B | 237.5B | 341.4B | 296.5B | 327.5B | |
| Long Term Debt | 262.9B | 280.1B | 276.0B | 302.2B | 283.3B | 301.7B | |
| Net Receivables | 64.2B | 72.3B | 67.5B | 81.9B | 82.2B | 77.8B | |
| Total Liab | 2.5T | 2.9T | 2.8T | 2.9T | 3.0T | 3.0T | |
| Net Invested Capital | 530.7B | 549.2B | 547.7B | 597.6B | 599.1B | 610.6B | |
| Short Long Term Debt | 19.3B | 23.8B | 26.9B | 32.1B | 43.4B | 31.1B | |
| Capital Stock | 110.5B | 87.1B | 87.4B | 84.8B | 68.5B | 73.8B |
Bank of America Key Income Statement Accounts
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Tax Provision | 1.1B | 2.0B | 3.4B | 1.8B | 2.1B | 2.1B | |
| Net Interest Income | 43.4B | 42.9B | 52.5B | 56.9B | 56.1B | 55.1B | |
| Interest Income | 51.6B | 47.7B | 72.6B | 130.3B | 146.6B | 95.3B | |
| Interest Expense | 8.2B | 4.7B | 20.1B | 73.3B | 90.5B | 95.1B | |
| Selling General Administrative | 41.2B | 45.0B | 45.9B | 47.7B | 49.6B | 49.8B | |
| Total Revenue | 85.5B | 89.1B | 95.0B | 98.6B | 101.9B | 102.9B | |
| Net Income From Continuing Ops | 17.9B | 32.0B | 27.5B | 26.5B | 27.1B | 29.1B | |
| Reconciled Depreciation | 1.8B | 1.9B | 2.0B | 2.1B | 2.2B | 2.1B | |
| Income Before Tax | 19.0B | 34.0B | 31.0B | 28.3B | 29.3B | 32.0B | |
| Net Income | 17.9B | 32.0B | 27.5B | 26.5B | 27.1B | 29.1B |
Bank of America Key Cash Accounts
Cash flow analysis captures how much money flows into and out of Bank of America. It measures of how well Bank is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Bank of America brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Bank had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Bank of America has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Investments | (189.4B) | (310.3B) | 84.0B | 43.2B | (90.7B) | (95.2B) | |
| Change In Cash | 218.9B | (32.2B) | (118.0B) | 146.8B | (43.0B) | (40.8B) | |
| Free Cash Flow | 38.0B | (7.2B) | (6.3B) | 43.3B | (8.8B) | (8.4B) | |
| Depreciation | 1.8B | 1.9B | 2.0B | 2.0B | 2.2B | 2.1B | |
| Other Non Cash Items | 3.3B | (4.3B) | 7.9B | 1.5B | 3.2B | 2.5B | |
| Dividends Paid | 7.7B | 8.1B | 8.6B | 9.0B | 9.5B | 8.9B | |
| Net Income | 17.9B | 30.6B | 26.0B | 24.9B | 27.1B | 28.2B | |
| End Period Cash Flow | 380.5B | 348.2B | 230.2B | 349.1B | 290.1B | 322.6B |
Bank Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Bank of America's current stock value. Our valuation model uses many indicators to compare Bank of America value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bank of America competition to find correlations between indicators driving Bank of America's intrinsic value. More Info.Bank of America is rated fifth in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.09 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Bank of America is roughly 11.00 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Bank of America's earnings, one of the primary drivers of an investment's value.Bank of America Systematic Risk
Bank of America's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Bank of America volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Bank of America correlated with the market. If Beta is less than 0 Bank of America generally moves in the opposite direction as compared to the market. If Bank of America Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bank of America is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bank of America is generally in the same direction as the market. If Beta > 1 Bank of America moves generally in the same direction as, but more than the movement of the benchmark.
Bank of America Total Assets Over Time
Bank of America March 23, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Bank of America help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bank of America. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bank of America based on widely used predictive technical indicators. In general, we focus on analyzing Bank Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bank of America's daily price indicators and compare them against related drivers.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.21 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.05 |
Complementary Tools for Bank Stock analysis
When running Bank of America's price analysis, check to measure Bank of America's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.
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