BAC Financial Services

Bank of America Corporation

$49.66+0.18%

Price as of close on Nov 3, 2026 · Financials updated Nov 3, 2026

Basics

Sector: Financial Services
Industry: Banks - Diversified
Country: United States
Market cap: 342.7B USD
Full-time employees: 210,000

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
About average: profitability

Ranks #241 of 791 banks & insurance companies (top 31%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 13% from December 2022 to July 2026.
Bank of America had 13% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $85.5B in 2020 to $113.1B in 2025.
Bank of America's fiscal-year revenue rose in each of the five years to 2025, from $85.5B to $113.1B.
More volatile share price. Beta 1.19: tends to move more than the market.
Bank of America's shares have swung more with the market than most peers' (beta 1.19, above the market's 1.0).

StockQuotient Score

59/ 100

Oct 5 57 → Nov 4 59 (+2)

Valuation

Is the price right?

67/100

Moderate▲ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 66 → 67

Share price -2.0%+2
Company's reported figures updated-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield85.9%

SEC filings · latest balance sheetReported value40% base weight · Z-score 0.23Sector median: 0.7950 · MAD: 0.2843

Earnings yield9.6%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score 0.67Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

66/100

Moderate

1/1 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.6%

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth27.6%

SEC filings · 12 months to Jun 2026Reported value100% base weight · Z-score 0.65Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth5.9%

SEC filings · 3 years to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth8.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

44/100

Moderate▼ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 45 → 44

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Held back by:

▼ ROA

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets1.0%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.34Sector median: 0.0117 · MAD: 0.0062

Return on equity11.2%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.11Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Bank of America

Is Bank of America getting weaker?: Its latest SEC filing (Jul 31, 2026) showed no major changes. Its overall score is unchanged at 59/100 since Oct 28, 2026.
How is Bank of America valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 67/100 against 950 banks & insurance peers. Earnings yield 9.6% vs a peer median of 7.9% (stronger than 68% of peers).Earnings yield 9.6% vs peers 7.9% (stronger than 68% of peers).
Is Bank of America growing?: Yes, faster than most of its peers. Growth scores 66/100 against 950 banks & insurance peers. Earnings per share growth 27.6% vs a peer median of 16.0% (stronger than 66% of peers).Earnings per share growth 27.6% vs peers 16.0% (stronger than 66% of peers).
How profitable is Bank of America?: About as profitable as its peers. Profitability scores 44/100 against 950 banks & insurance peers. Return on assets 1.0% vs a peer median of 1.2% (weaker than 61% of peers).Return on assets 1.0% vs peers 1.2% (weaker than 61% of peers).
How risky is Bank of America?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 31, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	115.1B USD	119.2B USD	+3.6%
Net income (12 months)	31.7B USD	33.6B USD	+6.0%
Debt	383.6B USD	399.8B USD	+4.2%
Cash	242.5B USD	229.7B USD	−5.3%
Shares outstanding	7.10B	6.99B	−1.5%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Banks & Insurance · 209 companies

Valuations in Banks & Insurance are within their usual range since 2016.

55% of months since 2016 were valued lower than now.
27% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +25% and earnings +33% (medians): prices and earnings moved broadly together.
Median price-to-book is −57% vs the whole market, against a usual −57%.

2016Shaded: most expensive fifth of its range2026

Shown for Banks & Insurance: too few Banks - Diversified companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	35.9%	29.0%	25.6%	25.5%	27.0%	▲ 1.5 pts
Return on assets (ROA)	1.0%	0.9%	0.8%	0.8%	0.9%	▲ 0.1 pts
Return on equity (ROE)	11.8%	10.1%	9.1%	9.2%	10.1%	▲ 0.9 pts
Debt to equity	1.13×	1.05×	1.09×	1.05×	1.12×	▲ 6.6%

BAC price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

About average: profitability

Ranks #241 of 791 banks & insurance companies (top 31%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 13% from December 2022 to July 2026.

Bank of America had 13% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $85.5B in 2020 to $113.1B in 2025.

Bank of America's fiscal-year revenue rose in each of the five years to 2025, from $85.5B to $113.1B.

More volatile share price. Beta 1.19: tends to move more than the market.

Bank of America's shares have swung more with the market than most peers' (beta 1.19, above the market's 1.0).

Questions investors ask about Bank of America

Is Bank of America getting weaker?

Its latest SEC filing (Jul 31, 2026) showed no major changes. Its overall score is unchanged at 59/100 since Oct 28, 2026.

How is Bank of America valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 67/100 against 950 banks & insurance peers. Earnings yield 9.6% vs a peer median of 7.9% (stronger than 68% of peers).Earnings yield 9.6% vs peers 7.9% (stronger than 68% of peers).

Is Bank of America growing?

Yes, faster than most of its peers. Growth scores 66/100 against 950 banks & insurance peers. Earnings per share growth 27.6% vs a peer median of 16.0% (stronger than 66% of peers).Earnings per share growth 27.6% vs peers 16.0% (stronger than 66% of peers).

How profitable is Bank of America?

About as profitable as its peers. Profitability scores 44/100 against 950 banks & insurance peers. Return on assets 1.0% vs a peer median of 1.2% (weaker than 61% of peers).Return on assets 1.0% vs peers 1.2% (weaker than 61% of peers).

How risky is Bank of America?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

115.1B USD

119.2B USD

+3.6%

Net income (12 months)

31.7B USD

33.6B USD

+6.0%

Debt

383.6B USD

399.8B USD

+4.2%

Cash

242.5B USD

229.7B USD

−5.3%

Shares outstanding

7.10B

6.99B

−1.5%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

35.9%

29.0%

25.6%

25.5%

27.0%

▲ 1.5 pts

Return on assets (ROA)

1.0%

0.9%

0.8%

0.9%

▲ 0.1 pts

Return on equity (ROE)

11.8%

10.1%

9.1%

9.2%

10.1%

▲ 0.9 pts

Debt to equity

1.13×

1.05×

1.09×

1.05×

1.12×

▲ 6.6%