Thomas Scrivener - Bank of America Chief Executive
| BOFA Stock | 24.88 0.12 0.48% |
Executive
Thomas Scrivener is Chief Executive of Bank of America
| Age | 52 |
| Address | Bank of America Corporate Center, Charlotte, NC, United States, 28255 |
| Phone | 704 386 5681 |
| Web | https://www.bankofamerica.com |
Bank of America Management Efficiency
The current year's Total Assets is expected to grow to about 3.2 T, whereas Net Tangible Assets are forecasted to decline to about 193.6 B. Bank of America's management efficiency ratios could be used to measure how well Bank of America manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | 0.0809 | ||||
| Return On Asset | 0.0073 |
Bank of America Leadership Team
Elected by the shareholders, the Bank of America's board of directors comprises two types of representatives: Bank of America inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank of America's management team and ensure that shareholders' interests are well served. Bank of America's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bank of America's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Joo, COO American | ||
| Aron Levine, President Banking | ||
| Paul Donofrio, Vice Chairman | ||
| Alastair Borthwick, Chief Officer | ||
| Darrin Boland, Chief Officer | ||
| Lorna Sabbia, Head Solutions | ||
| Matthew Koder, President Banking | ||
| Dean Athanasia, President Banking | ||
| Sarang Gadkari, CoHead Markets | ||
| Rudolf Bless, Chief Officer | ||
| Aditya Bhasin, Chief Officer | ||
| Brian Moynihan, Chairman CEO | ||
| James DeMare, President Markets | ||
| Geoffrey Greener, Chief Officer | ||
| Jeneen Marziani, President Cleveland | ||
| Thomas Scrivener, Chief Executive | ||
| Lee McEntire, Head Organization | ||
| Amy Littman, CoHead Risk | ||
| Christopher Hyzy, Chief Officer |
Bank Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Bank of America a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0809 | ||||
| Return On Asset | 0.0073 | ||||
| Profit Margin | 0.25 % | ||||
| Operating Margin | 0.31 % | ||||
| Current Valuation | 187.37 B | ||||
| Shares Outstanding | 20.15 B | ||||
| Price To Book | 1.32 X | ||||
| Price To Sales | 5.43 X | ||||
| Revenue | 98.58 B | ||||
| Gross Profit | 92.41 B |
Pair Trading with Bank of America
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of America position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of America will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.91 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.84 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.89 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.83 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Bank Stock
| 0.62 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Bank of America could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of America when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of America - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of America to buy it.
The correlation of Bank of America is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of America can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.