During the past 13 years, the highest P/B Ratio of Bank of America was 1.62. Fundamental company data provided by Morningstar, updated daily. Bank of America's tangible book value per share for the quarter that ended in Sep. 2022 was $21.36. The assets may be carried on the balance sheets at the original cost minus depreciation. You can apply the same method to get the book value growth rate using book value per share data. Bank of America(NYSE:BAC) Tangible Book per Share Explanation. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. During the past 5 years, the average Book Value Per Share Growth Rate was 5.40% per year. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. BofA CEO Moynihan on short list to replace Yellen, Gaparino says via Twitter, BofA Names Jim Morehead President of Seattle, Bank of America Corp. stock outperforms competitors despite losses on the day. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. The profitability module also shows relationships Book value per share can be defined as the amount of equity available to shareholders expressed on a per common share basis. Disclaimers: GuruFocus.com is not operated by a broker or a dealer. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company. During the past 10 years, the average Book Value Per Share Growth Rate was 4.40% per year. Please enter Portfolio Name for new portfolio. Bank of America's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2021 is calculated as, Bank of America's Tangible Book Value Per Share for the quarter that ended in Sep. 2022 is calculated as. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. These fundamental indicators attest to how well Bank Of America utilizes its assets to generate profit and value for its shareholders. The lowest was -21.80% per year. Full-size SUV $81/day. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. Book Value Per Share: The amount of equity available to shareholders expressed on a per common share basis. Past performance is a poor indicator of future performance. You can manage your stock email alerts here. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. During the past 13 years, the highest P/B Ratio of Bank of America was 1.62. Theoretically it is what the shareholders will receive if the company is liquidated. Bank of America was off 5.7%, to $21.38, above its tangible book value of about $19.40 a share at year-end 2019. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. And the median was 0.90. Bank Of America Click here to check it out. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Hence, today's PB Ratio of Bank of America is 1.08. For the Banks - Diversified subindustry, Bank of America's Book Value per Share, along with its competitors' market caps and Book Value per Share data, can be viewed below: * Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Bank of America's current price is 30.815. And the median was 4.75% per year. Gurus may be added or dropped from the GuruFocus site at any time. GuruFocus has detected 1 Severe Warning Sign with BAC. Profitability drivers are factors that can directly affect your. Bank of America has operations in several countries. Most of Bank Of America's fundamental indicators, such as Book Value Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. Bank of America Book Value per Share. View Book Value (Per Share) for BAC. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Book value per share is $27.84, and tangible book value per share is $19.79. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. Bank of America has operations in several countries. The lowest was -21.80% per year. Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. Usually a company's book value and Tangible Book per Share may not reflect its true value. If the correlation is 0, the equities are not correlated; they are entirely random. Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. However, Bank Of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. So, investors can't just sell and buy back Twitter - 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 Twitter to buy it. These fundamental indicators attest to how well Bank Of America utilizes its assets to generate profit and value for its shareholders. Please click on the following links to see related term pages. Its book value per share for the quarter that ended in Sep. 2022 was 30.26. Otherwise, we render a sell signal. We use both quantitative as well as qualitative analysis to arrive at, Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Bank of America's book value per share for the quarter that ended in Sep. 2022 was $29.96. Upgrade to remove this ad. Power for Customer Satisfaction with Financial Health Support, Bank of America Awards $1 Million to Motown Museum, Bank of America Consumer Clients Make $294 Billion in Payments in February, up 16% Year-Over-Year, Virginia Union University Receives $1M Grant from Bank of America, BofA Adds ACH Positive Pay On The CashPro App, Giving Clients Greater Control And Peace Of Mind, Digital Engagement Soars at Bank of America to More Than 10 Billion Logins, up 15% Year-Over-Year. For investors in BANK OF AMERICA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, BANK OF AMERICA will eventually generate negative long term returns. And the median was 0.90. NYSE and AMEX data is at least 20 minutes delayed. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Alternatively, perfect negative correlation means that if Twitter moves in either direction, the perfectly negatively correlated security will move in the opposite direction. Bank of America(NYSE:BAC) Book Value per Share Explanation. Book values of financial companies are more accurate indicator of the economic value of the company. 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. About Book Value (Per Share) Book Value, per share, reveals the current state of the company and ignores future growth potential. It indicates the level of safety associated with each common share after removing the effects of liabilities. All Rights Reserved. Start Now! All Rights Reserved. Gurus may be added or dropped from the GuruFocus site at any time. You can apply the same method to get the book value growth rate using book value per share data. Warning! The correlation of Twitter is a statistical measure of how it moves in relation to other equities. So, investors can't just sell and buy back Ralph Lauren - 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 Ralph Lauren Corp to buy it. This may underestimate the true economic values of the assets. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. 2022 was $29.87.During the past 12 months, Bank of Americas average Book Value Per Share Growth Rate was 5.80% per year. In addition, you can, When running BANK OF AMERICA price analysis, check to, Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk For BANK OF AMERICA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of BANK OF AMERICA to generate income relative to revenue, assets, operating costs, and current equity. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. All currency related amount are indicated in the company's associated stock exchange currency. $18,000 (min > Northfield) $65,000. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does U.S. Trust private bank. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms. The revised BVPS will be as follows: BVPS = $15,000,000 / 2,500,000. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation. Click here to check it out. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. ZacksTrade and Zacks.com are separate companies. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. BAC has been removed from your Stock Email Alerts list. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Thank you for viewing the detailed overview of Bank of America's Tangible Book per Share provided by GuruFocus.com. Bank stocks Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates. Check out. The Rentals theme has 40 constituents at this time. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Upgrade now. $ 50 $ 100 BAC Bank of America Corp. ( BAC) $32.32 0.37 % Live $ Dec 9 2022, 9:30 AM Bank of America Corp.: $32.38 1D 1W 1M 1Y 3Y Key Stats $32.17 Day's Range $32.595 $29.14 52-Week Range $48.97 Company Information Bank of America is a multinational financial services and investment bank headquartered in Charlotte, North Carolina. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. Announces Closing Of $575 Million Initial Public Offering, Earn affiliate commissions by embedding GuruFocus Charts. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms. The historical data trend for Bank of America's Book Value per Share can be seen below: * For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. Bank of America: Double-Digit Investor Yield Ahead, Bank of America (BAC) Stock Sinks As Market Gains: What You Should Know, $BAC $BAC.PE $BAC.PL - Bank of America Corporation (BAC) Presents at RBC Capital Markets Global Financial Instituti. Book value may include intangible items which may come from the company's past acquisitions. Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. Current and historical book value per share for Bank Of America (BAC) from 2010 to 2022. Bank of America Price to Tangible Book Value View 4,000+ Financial Data Types: Add Browse Price to Tangible Book Value Chart View Price to Tangible Book Value for BAC. Note that "N/A" values will not show up in the chart. If the correlation is 0, the equities are not correlated; they are entirely random. Bank of America has operations in several countries. Macroaxis can help you discover thousands of investment opportunities in different asset classes. Sep '18 Jan '19 May '19 285.00 270.00 255.00 240.00 Historical Book Value (Per Share) Data View and export this data back to During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bank of America was 46.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.50% per year. Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). Investors typically determine Bank Of America value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. 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. 3 Reasons Bank of America Can Still Perform Well in a Difficult Bond Market, Bank of America (BAC) Dips More Than Broader Markets: What You Should Know, Jefferies (JEF) Stock Up 4.4% on Q1 Earnings & Revenue Beat, 3 Warren Buffett Stocks to Buy Hand Over Fist in March, The Zacks Analyst Blog Highlights Bank of America, Qualcomm ConocoPhillips, Target and Caterpillar. The profitability progress is the general direction of BANK OF AMERICA's change in net profit over the period of time. $32.37 Calculated as: Total Shareholders Equity / Common Shares They offer a diverse range of products and services including personal, commercial, corporate and investment banking. During the past 12 months, Bank of America's average Book Value Per Share Growth Rate was 5.80% per year. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. The correlation of Bank Of America is a statistical measure of how it moves in relation to other equities. You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. It employs 208000 people. Bank of America's current price is $32.38. Bank of America (BAC) Book Value (Per Share) - Zacks.com Bank of America (BAC) (Delayed Data from NYSE) $36.09 USD -0.11 (-0.30%) Updated Nov 2, 2022 04:00 PM ET After-Market: Down 21.9% in 4 Weeks, Here's Why Bank of America (BAC) Looks Ripe for a Turnaround. This investment adviser does not provide advice to individual investors. Book value less intangibles is called Tangible Book. Only PremiumPlus Member can access this feature. 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. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Search and find Lakeland rental car deals on KAYAK now.25% of our users found rental cars in United States for $47 or less. All Rights Reserved. Its book value per share for the quarter that ended in Sep. 2022 was $29.96. Only PremiumPlus Member can access this feature. 5 Big Investors Betting on CSCO Stock. The current price to book ratio for Bank Of America as of December 09, 2022 Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. The naive approach to look at Book Value per Share is to compare it to current stock price. NASDAQ data is at least 15 minutes delayed. Please enter Portfolio Name for new portfolio. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. If the real value is higher than the market price, Bank Of America is considered to be undervalued, and we provide a buy recommendation. Upgrade now. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Book values of financial companies are more accurate indicator of the economic value of the company. In short, this is how much a company is worth. In accordance with the recently published financial statements, the book value per share of Bank Of America is about 29.957 times. The ability to find closely correlated positions to Ralph Lauren could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ralph Lauren when you sell it. Jefferies (JEF) Stock Up 4.4% on Q1 Earnings & Revenue Beat, With Six More Rate Hikes Planned for 2022, Here Are 3 Bank Stocks to Buy, The Zacks Analyst Blog Highlights Bank of America, Qualcomm ConocoPhillips, Target and Caterpillar, Top Stock Reports for Bank of America, Qualcomm & ConocoPhillips. Note that "N/A" values will not show up in the chart. The profitability module also shows relationships between BANK OF AMERICA's most relevant fundamental drivers. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. Average Interest Earning Assets (USD Mil), Capital Adequacy Tier - Total Capital Ratio %, Float Percentage Of Total Shares Outstanding, Net Income Including Noncontrolling Interests, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, Growth Rate Calculation Example (GuruFocus), Bluescape Opportunities Acquisition Corp. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. Bank of America Invests Nearly $43 Million to Help Drive Economic Mobility in Washington, D.C. Bank of America Offers 100,000 Small Business Owners Skills-Building Through the Bank of America Institute for Women's Entrepreneurship at Cornell, Artists Living with Disabilities or Impacted by Housing Insecurity to be Featured in Bank of America Financial Centers Across the United States, Bank of America Becomes First Financial Institution Certified by J.D. Profitability drivers are factors that can directly affect your. However, Bank Of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Warning! Upgrade to remove this ad. Mar 23 2020 Click here to check it out. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. This includes personalizing content and advertising. For the Banks industry and Financial Services sector, Bank of America's Book Value per Share distribution charts can be found below: * The bar in red indicates where Bank of America's Book Value per Share falls into. The book value is essentially the tangible accounting value of a firm The naive approach to look at Book Value per Share is to compare it to current stock price. Should You Invest in the Invesco S&P 500 Equal Weight Financials ETF (RYF)? Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. This feature is only available for Premium Members, please sign up for. For BANK OF AMERICA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of BANK OF AMERICA to generate income relative to revenue, assets, operating costs, and current equity. Average Interest Earning Assets (USD Mil), Capital Adequacy Tier - Total Capital Ratio %, Float Percentage Of Total Shares Outstanding, Net Income Including Noncontrolling Interests, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, Bank of America Honors Five Leaders Creating Change for People and Communities of Color. We use cookies to understand how you use our site and to improve your experience. These fundamental indicators attest to how well BANK OF AMERICA utilizes its assets to generate profit and value for its shareholders. Bank Of America book value per share for the See rankings and related performance below. Home Homepage Membership Levels About Us General Discussion Complete Stock List The The profitability module also shows relationships between Bank of America (NYSE:BAC) Book Value per Share Competitive Comparison, Bank of America (NYSE:BAC) Book Value per Share Distribution, 100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255. For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. For investors in BANK OF AMERICA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, BANK OF AMERICA will eventually generate negative long term returns. The book value is the difference between total assets and liabilities. Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It can combine. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The assets may be carried on the balance sheets at the original cost minus depreciation. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 25,000. online bonus points offer. For the Banks industry and Financial Services sector, Bank of America's Tangible Book per Share distribution charts can be found below: * The bar in red indicates where Bank of America's Tangible Book per Share falls into. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. Bank of America Corp stock PB Ratio (=1.08) is close to 2-year low of 0.99. Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. The profitability module also shows relationships between BANK OF AMERICA's most relevant fundamental drivers. Copyright 2022 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Should You Invest in the Financial Select Sector SPDR ETF (XLF)? For the Banks - Diversified subindustry, Bank of America's Tangible Book per Share, along with its competitors' market caps and Tangible Book per Share data, can be viewed below: * Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. Usually a company's book value and Tangible Book per Share may not reflect its true value. BAC has been removed from your Stock Email Alerts list. It provides multiple suggestions of what could affect the performance of BANK OF AMERICA over time as well as its relative position and ranking within its peers. It also may over-estimate their true economic value because the assets can become obsolete. Note that "N/A" values will not show up in the chart. Book your rental car in United States at least 1 day before your trip in order to get a below-average price. Bank of America Corp stock PB Ratio (=1.08) is close to 2-year low of 0.99. Should Invesco Dynamic Large Cap Value ETF (PWV) Be on Your Investing Radar? Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. Book flight reservations, rental cars, and hotels on southwest. Bank of America (BAC) Gains As Market Dips: What You Should Know, Top Stock Reports for Bank of America, Qualcomm & ConocoPhillips, RBC Capital Sticks to Their Buy Rating for Bank of America (BAC), Earn affiliate commissions by embedding GuruFocus Charts, 100 NORTH TRYON STREET CHARLOTTE NC 28255. Companies providing rental and leasing services to public and business. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. If you do not, click Cancel. We help investors to determine the real value of Bank Of America using virtually all public information available. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. During the past 5 years, the average Book Value Per Share Growth Rate was 5.40% per year. This investment adviser does not provide advice to individual investors. Enterprise Value can be a useful tool to compare companies with different capital structures. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. The naive approach to look at Book Value per Share is to compare it to current stock price. Bank of America (NYSE:BAC) Tangible Book per Share Competitive Comparison, Bank of America (NYSE:BAC) Tangible Book per Share Distribution, 100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255. Usually a company's book value and Tangible Book per Share may not reflect its true value. With Sanibel Captiva Community Bank as your lender, you get a local partner guiding you through the mortgage process. If the correlation is 0, the equities are not correlated; they are entirely random. The assets may be carried on the balance sheets at the original cost minus depreciation. Please enter Portfolio Name for new portfolio. Should You Invest in the Fidelity MSCI Financials Index ETF (FNCL)? Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Please click on the following links to see related term pages. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Bank Of America fundamental comparison: Short Ratio vs Book Value Per Share Zacks Rank Education -- Learn more about the Zacks Rank A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Twitter moves, either up or down, the other security will move in the same direction. Only PremiumPlus Member can access this feature. The lowest was 0.26. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Earn affiliate commissions by embedding GuruFocus Charts, 100 NORTH TRYON STREET CHARLOTTE NC 28255. GuruFocus has detected 1 Severe Warning Sign with BAC. How good is it? Average Interest Earning Assets (USD Mil), Capital Adequacy Tier - Total Capital Ratio %, Float Percentage Of Total Shares Outstanding, Net Income Including Noncontrolling Interests, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, Growth Rate Calculation Example (GuruFocus), Bank of America Offers 100,000 Small Business Owners Skills-Building Through the Bank of America Institute for Women's Entrepreneurship at Cornell, Bank of America awards $1 million grant to Detroit Employment Solutions Corporation, Digital Engagement Soars at Bank of America to More Than 10 Billion Logins, up 15% Year-Over-Year, Bank of America Announces Redemption of CAD1,000,000,000 2.604% Fixed/Floating Rate Senior Notes due March 2023, Bank of America Launches Online Payment Solution, "Pay by Bank", Bank of America Announces New Secured Credit Offerings and Digital Resources to Help Entrepreneurs Start and Grow Their Businesses, Bank of America Becomes First Financial Institution Certified by J.D. The historical data trend for Bank of America's Book Value per Share can be seen below: * For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Fundamental company data provided by Morningstar, updated daily. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings. Sorry. When running Bank Of America price analysis, check to, Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk These fundamental indicators attest to how well BANK OF AMERICA utilizes its assets to generate profit and value for its shareholders. Stock quotes provided by InterActive Data. WBO:BOAC has been successfully added to your Stock Email Alerts list. 2. Learn more about Zacks Equity Research reports. Thank you for viewing the detailed overview of Bank of America's Book Value per Share provided by GuruFocus.com. 7:58 PM ET. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company. View and export this data going back to 1973. Past performance is a poor indicator of future performance. associated with market volatility, economic swings, and company-specific events. You can manage your stock email alerts here. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) It indicates the level of safety associated with each common share after removing the effects of liabilities. Intermediate $39/day. Check out. Should You Invest in the Invesco S&P 500 Equal Weight Financials ETF (RYF)? Upgrade now. The profitability module also shows relationships between BANK OF AMERICA's most relevant fundamental drivers. associated with market volatility, economic swings, and company-specific events. The BAC stock price closed at $26.85 on Wednesday. Since intangibles such as goodwill cannot be sold when the company liquidates, For B of A profitability analysis, we use financial ratios and fundamental drivers that measure the ability of B of A to generate income relative to revenue, assets, operating costs, and current Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. During the past 3 years, the average Book Value Per Share Growth Rate was 6.50% per year. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ralph Lauren moves, either up or down, the other security will move in the same direction. Unlike more traditional methods such as. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Investors typically determine Bank Of America value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank Of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Bank of America's book value per share for the quarter that ended in Sep. 2022 was 30.26. Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). BAC has been successfully added to your Stock Email Alerts list. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. WBO:BOAC has been removed from your Stock Email Alerts list. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. 2004-2022 GuruFocus.com, LLC. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America (WBO:BOAC) Book Value per Share Competitive Comparison, Bank of America (WBO:BOAC) Book Value per Share Distribution, 100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255. Unlimited 1.5 points for every $1 spent on all purchases >. For B of A profitability analysis, we use financial ratios and fundamental drivers that measure the ability of B of A to generate income relative to revenue, assets, operating costs, and current equity. 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