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Earnings transcript
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BAC
Bank of America Corporation
$56.2
-0.33
(-0.58%)
| Exchange: | NYSE |
| Market Cap: | 398.828B |
| Shares Outstanding: | 974.783M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Diversified | |||||
| CEO: | Brian Thomas Moynihan | |||||
| Full Time Employees: | 213000 | |||||
| Address: |
| |||||
| Website: | https://www.bankofamerica.com |
Operating globally through its various subsidiaries, Bank of America Corporation offers a comprehensive range of banking and financial products and services. Its extensive clientele includes individual consumers, small and mid-market businesses, institutional investors, large corporations, and government bodies worldwide. The Consumer Banking division provides diverse options such as traditional and money market savings accounts, certificates of deposit, individual retirement accounts (IRAs), and both interest-bearing and non-interest-bearing checking accounts, in addition to investment products. This segment also issues credit and debit cards, originates residential mortgages and home equity loans, and offers direct and indirect financing for needs like automotive purchases, recreational vehicles, and personal loans. Within its Global Wealth & Investment Management segment, the company delivers investment management, brokerage, banking, and trust and retirement solutions. It also crafts tailored wealth management strategies, including specialized asset management services. The Global Banking segment furnishes a broad spectrum of lending products, including commercial loans, leases, commitment facilities, trade finance, and both commercial real estate and asset-based lending. Furthermore, it provides treasury solutions such as cash management, foreign exchange, short-term investment options, and merchant services, alongside working capital management guidance. This segment also engages in debt and equity underwriting, distribution, and advisory services related to mergers and acquisitions. Through its Global Markets segment, Bank of America performs market-making activities, offers financing, and provides securities clearing, settlement, and custody services. It also devises risk management products employing interest rate, equity, credit, currency, and commodity derivatives, as well as foreign exchange, fixed-income, and mortgage-related instruments. As of December 31, 2021, the corporation served approximately 67 million consumer and small business clients. Its widespread infrastructure comprised around 4,200 retail financial centers and approximately 16,000 ATMs, supplemented by digital banking platforms utilized by roughly 41 million active users. Founded in 1784, Bank of America is headquartered in Charlotte, North Carolina.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 171,912,000 | 192,434,000 | 191,567,000 |
| Gross Profit | 94,187,000 | 96,066,000 | 107,422,000 |
| EBITDA | 30,399,000 | 31,443,000 | 40,009,000 |
| Operating Income | 28,342,000 | 29,254,000 | 37,695,000 |
| Net Income | 26,515,000 | 27,132,000 | 30,509,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,180,151,000 | 3,261,519,000 | 3,410,394,000 |
| Total Liabilities | 2,888,505,000 | 2,965,960,000 | 3,107,151,000 |
| Total Stockholders Equity | 291,646,000 | 295,559,000 | 303,243,000 |
| Total Debt | 618,189,000 | 658,428,000 | 365,904,000 |
| Cash and Cash Equivalents | 341,419,000 | 296,486,000 | 231,845,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 44,982,000 | -8,805,000 | 12,613,000 |
| Capital Expenditure | 0 | 0 | 0 |
| Free Cash Flow | 44,982,000 | -8,805,000 | 12,613,000 |
| Net Income | 26,515,000 | 27,132,000 | 30,509,000 |
| Net Change in Cash | 102,870,000 | -42,959,000 | -58,269,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 132,304,880.277 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 135,175,556.824 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 133,400,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 32,221,112.638 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 32,920,228.137 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 32,487,814.636 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 50,920,594.624 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 52,360,467.675 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 51,469,858.006 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 44,653,071.754 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 45,621,928.878 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 45,022,676.106 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 6.820 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.940 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.750 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: Bank of America reported a robust revenue of $26.6 billion in Q2 2025, as highlighted in the earnings call transcript, reflecting strong operational results. Key metrics such as net income and operating cash flow from recent income and cash flow statements indicate consistent profitability, supported by a healthy net profit margin (TTM).
- Strong Capital Position: The balance sheet data shows significant total assets and a manageable debt-to-equity ratio (TTM), indicating a stable financial structure. This provides BAC with resilience against market volatility and the ability to fund growth initiatives.
- Market Leadership and Scale: With a substantial market capitalization and a large employee base as per the company profile, BAC holds a dominant position in the banking industry within the financial services sector. This scale enables economies of operation and a broad customer reach.
- Dividend Appeal: A competitive dividend yield (TTM) as per key metrics makes BAC attractive to income-focused investors, supported by consistent dividend payments as seen in cash flow statements under net dividends paid.
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Intrinsic Value Calculator
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Common questions about BAC valuation
Is Bank of America Corporation (BAC) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Bank of America Corporation (BAC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BAC a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BAC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BAC’s P/E ratio?
You can see BAC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BAC?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BAC a good long-term investment?
Whether BAC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BAC
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Daily snapshot
-0.58
Trading Metrics:
| Open: | 57.23 | Previous Close: | 56.53 | |
| Day Low: | 56.03 | Day High: | 57.33 | |
| Year Low: | 44.75 | Year High: | 57.98 | |
| Price Avg 50: | 52.85 | Price Avg 200: | 52.23 | |
| Volume: | 69.879M | Average Volume: | 36.94M |
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Login — it's freeBAC full analysis
Hey everyone, welcome back to the channel. Today, we’re doing a comprehensive deep dive on one of the largest financial institutions on the planet: Bank of America. Ticker symbol BAC. With a market cap north of $380 billion, this is a stock that’s in nearly every dividend portfolio and a bellwether for the entire U.S. economy. We’re going to look at the business, the earnings, the balance sheet, the valuation, and I’ll give you my honest take on whether now…
