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Bank of America Corp
Previous close
$44.77
Day range
$44.95 - $45.50
Year range
$27.34 - $45.55
Market cap
346.28B USD
Avg Volume
34.58M
P/E ratio
16.41
Dividend yield
2.30%
Primary exchange
NYSE
Top news
Q3 earnings report for Bank of America
Financials
Income Statement
Revenue
Net income
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 23.80B | -0.54% |
Operating expense | 16.48B | 4.05% |
Net income | 6.90B | -11.61% |
Net profit margin | 28.97 | -11.13% |
Earnings per share | 0.81 | -10.00% |
EBITDA | — | — |
Effective tax rate | 5.84% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 827.77B | -3.86% |
Total assets | 3.32T | 5.43% |
Total liabilities | 3.03T | 5.64% |
Total equity | 296.51B | — |
Shares outstanding | 7.67B | — |
Price to book | 1.27 | — |
Return on assets | 0.84% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | 6.90B | -11.61% |
Cash from operations | -37.28B | -416.65% |
Cash from investing | -27.26B | 54.52% |
Cash from financing | 36.78B | 33.12% |
Net change in cash | -25.04B | -14.73% |
Free cash flow | — | — |
About
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States. It serves about 10 percent of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
Through mergers, the oldest branch of the Bank of America franchise can be traced to 1784, when Massachusetts Bank was chartered, the first federally chartered joint-stock owned bank in the United States. Wikipedia
Founded
Sep 30, 1998
Website
Employees
213,000
