Bank of America Corp. operates as a bank holding company, which provides banking and nonbanking financial services and products through its banking and various nonbanking subsidiaries throughout the United States and in certain international markets. It operates through five segments: Consumer & Business Banking, Consumer Real Estate Services, Global Banking, Global Markets and Global Wealth & Investment Management. The Consumer & Business Banking segment offers a diversified range of credit, banking and investment products and services to consumers and businesses. Its products include traditional savings accounts, money market savings accounts, CDs, IRAs, noninterest- and interest-bearing checking accounts and investment accounts. The Consumer Real Estate Services segment provides an extensive line of consumer real estate products and services to customers nationwide. Its products include fixed- and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, HELOC and home equity loans. The Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment offers sales and trading services, which includes research to institutional clients across fixed income, credit, currency, commodity and equity businesses. The Global Wealth & Investment Management segment provides wealth management solutions to a broad base of clients from emerging affluent to the ultra-wealthy. Its services include investment and brokerage services, estate and financial planning, fiduciary portfolio management, cash and liability management and specialty asset management. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.
BAC Last Price: 15.62
Last Updated: November 24, 2013 1:16 AM EST
BAC Stock Message Board and Forum http://investorshangout.com/search?q=BAC&...mp;yt0=Go!
Bank of America Corp. BAC Officers and Executives
Name Age Officer Since Title
Mr. Charles Otis Holliday 65 2009 Chairman
Mr. Brian T. Moynihan 53 2004 President, Chief Executive Officer & Director
Mr. David C. Darnell 60 1979 Co-Chief Operating Officer
Mr. Tom K. Montag 56 2009 Co-Chief Operating Officer
Mr. Bruce R. Thompson 48 2007 Chief Financial Officer
Bank of America Corp.
100 North Tryon Street
Charlotte, North Carolina 28255
Phone
1 7043865681
Industry
Banks
Sector
Financials
Fiscal Year-end
12/2013
View SEC Filings Below
Revenue
$103.08B
Net Income
$4.19B
Employees
267,000
Annual Report Below for BAC
Bank of America Corp. BAC Recent Headlines
MarketWatch News on BAC
Banks and regulators clash on 'regulatory fervor' and 'pound of flesh' litigation 3:26 p.m. Nov. 22, 2013 - blogs.marketwatch.com
SAC Capital's 'Cohen tag bonuses,' and other banking reads 11:22 a.m. Nov. 22, 2013 - blogs.marketwatch.com
Time Warner Cable’s suitors lining up funds for bid 9:21 p.m. Nov. 21, 2013 - Dana Cimilluca
Bank CEOs: No appetite for acquisitions after J.P. Morgan got slammed 5:53 p.m. Nov. 21, 2013 - blogs.marketwatch.com
B.of A. hits a milestone; the Fannie roller coaster 2:30 p.m. Nov. 21, 2013 - Christina Rexrode
Finally, conflicts at SEC will get a day in court 7:00 a.m. Nov. 21, 2013 - Al Lewis
There may be more shoes to drop after J.P. Morgan settlement 5:59 p.m. Nov. 19, 2013 - blogs.marketwatch.com
Justice Department details the 'Event 3? suspect loans that were allowed into securitizations 4:38 p.m. Nov. 19, 2013 - blogs.marketwatch.com
A gutsy bet against Apple wins big 6:00 a.m. Nov. 19, 2013 - Mark Hulbert
Bitcoin frenzy as the price goes parabolic 3:24 p.m. Nov. 18, 2013 - blogs.marketwatch.com
Bank-stocks fund hits highest level since crisis 11:37 a.m. Nov. 18, 2013 - Christina Rexrode
The 'Volcker Rule' could be delayed until next year, and other morning reads 8:54 a.m. Nov. 18, 2013 - blogs.marketwatch.com
Why Jamie Dimon isn’t the worst CEO on Wall Street 1:10 p.m. Nov. 15, 2013 - David Weidner
Best free apps for traders and investors 12:48 p.m. Nov. 15, 2013 - blogs.marketwatch.com
Stock futures rise; S&P 500 eyes 6th up week 9:03 a.m. Nov. 15, 2013 - Sara Sjolin
Nordstrom, FedEx, Kimberly are stocks to watch 5:30 a.m. Nov. 15, 2013 - Sue Chang
Moody's cuts Morgan, Goldman & J.P. Morgan debt 5:03 p.m. Nov. 14, 2013 - Sital S. Patel
Fannie, Freddie up on talk of hedge-fund interest 11:41 a.m. Nov. 13, 2013 - Christina Rexrode
How to invest in and buy a bitcoin 3:22 p.m. Nov. 12, 2013 - blogs.marketwatch.com
New report says bank branches are shrinking as mobile banking takes hold 2:09 p.m. Nov. 12, 2013 - blogs.marketwatch.com
Obama's Next Mess: The Mortgage Market 5:41 a.m. Nov. 23, 2013 - Barrons.com
Bank Of America Rises In Long Awaited Turnaround 7:10 p.m. Nov. 22, 2013 - Seeking Alpha
FedEx to Pay $16.5 Million to Settle Suit 6:15 p.m. Nov. 22, 2013 - WSJ.com
Citigroup: The Best 'Bang For Your Buck' Bank? 4:03 p.m. Nov. 22, 2013 - Seeking Alpha
Big Bank Stocks Are Still Cheap, Says Oppenheimer 2:08 p.m. Nov. 22, 2013 - TheStreet.com
U.S. Stocks For A Baby Boom 12:36 p.m. Nov. 22, 2013 - Seeking Alpha
Charter Continues Talks on Financing for Time Warner Cable Bid 12:06 p.m. Nov. 22, 2013 - benzinga.com
Citigroup Opens Zambia’s Bond Market to Overseas Investors and 2 Other Hot Stocks to Watch 12:05 p.m. Nov. 22, 2013 - Wall St. Cheat Sheet
Bank Of America Stock Hits New 52-Week High (BAC) 10:10 a.m. Nov. 22, 2013 - TheStreet.com
JPM Is a 'Buy,' Despite WaMu, Says Goldman 10:04 a.m. Nov. 22, 2013 - TheStreet.com
Will JPMorgan Chase Move Higher? 8:23 a.m. Nov. 22, 2013 - Wall St. Cheat Sheet
'Fast Money' Recap: The Markets Roar Back 5:00 a.m. Nov. 22, 2013 - TheStreet.com
Trade of the Day: Bank of America (BAC) 3:10 a.m. Nov. 22, 2013 - InvestorPlace.com
3 Problems With Dow 16,000 2:41 a.m. Nov. 22, 2013 - InvestorPlace.com
Time Warner Cable's Suitors Line Up Funds 8:57 p.m. Nov. 21, 2013 - WSJ.com
Target and Sears Results Show Retail Hardships as Dow Hits Record: Market Recap 5:11 p.m. Nov. 21, 2013 - Wall St. Cheat Sheet
Peer-To-Peer Lending's Threat To Bank Earnings 4:23 p.m. Nov. 21, 2013 - Seeking Alpha
Big Banks Lead Market Higher Following Yellen Approval (update 1) 4:12 p.m. Nov. 21, 2013 - TheStreet.com
BofA firmly above level from when Moynihan took over 4:05 p.m. Nov. 21, 2013 - Seeking Alpha
BofA Raises $500 Million for Green and Renewable Energy Projects 11:56 a.m. Nov. 21, 2013 - 247WallSt.com
Press Releases on BAC
What's Going On: Facebook Inc, 3D Systems Corporation, Twitter Inc, Bank of America Corp 9:36 a.m. Nov. 22, 2013 - ACCESSWIRE
TrendingWallStreet.com Initiates Volume Coverage on BAC, FNMA, MU, and LQMT 2:01 a.m. Nov. 22, 2013 - ACCESSWIRE
Bank of America Issues $500 Million "Green Bond" 10:35 a.m. Nov. 21, 2013 - BusinessWire
Omega Commercial Finance Targets Niche Lending Opportunities 9:23 a.m. Nov. 21, 2013 - ACCESSWIRE
TrendingWallStreet.com Initiates Market Coverage on BAC, NVGC, GRPN, and YHOO 12:16 a.m. Nov. 21, 2013 - ACCESSWIRE
Bank of America Art Conservation Project Announces Call for 2014 Grant Submissions 10:00 a.m. Nov. 19, 2013 - BusinessWire
Notable News Buzz & Trend Analysis: Bank of America, The Boeing Company, Cell Therapeutics Inc, General Electric, Exxon Mobil Corporation 9:39 a.m. Nov. 18, 2013 - PR Newswire
Merrill Lynch Study Finds Boomers' Generosity Toward Family Members Runs Deep During Times of Need 9:00 a.m. Nov. 18, 2013 - BusinessWire
Insider Trading Reports for Facebook, Microsoft, Archer Daniels Midland, Zynga, Yahoo, and Apple 8:55 a.m. Nov. 18, 2013 - PR Newswire
Financial Companies Report Promotions, Recognitions, Launches and Announcements - Research Report on Bank of America, Goldman Sachs, U.S. Bancorp, Visa, and Morgan Stanley 8:00 a.m. Nov. 18, 2013 - PR Newswire
Boston Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
Metro New York Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
Chicago Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
Dallas/Fort Worth Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
Greater Washington Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
San Francisco Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
Atlanta Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
Los Angeles Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
Miami Small Business Owners Say Finding and Retaining Talent Is Challenging, but Critical for Success 9:00 a.m. Nov. 14, 2013 - BusinessWire
Valuation
P/E Current
62.56
P/E Ratio (with extraordinary items)
24.22
P/E Ratio (without extraordinary items)
46.44
Price to Sales Ratio
1.21
Price to Book Ratio
0.57
Enterprise Value to EBITDA
105.14
Enterprise Value to Sales
6.41
Total Debt to Enterprise Value
0.95
Efficiency
Revenue/Employee
0.39
Income Per Employee
0.02
Total Asset Turnover
0.05
Profitability
Operating Margin
3.03
Pretax Margin
2.98
Net Margin
4.06
Return on Assets
0.19
Return on Equity
1.79
Return on Total Capital
0.50
Return on Invested Capital
0.87
Capital Structure
Total Debt to Total Equity
274.80
Total Debt to Total Capital
71.67
Total Debt to Total Assets
26.94
Long-Term Debt to Equity
101.01
Long-Term Debt to Total Capital
26.35
Bank of America Corp. BAC Financials
Fiscal year is January-December. All values USD millions. 2008 2009 2010 2011 2012 5-year trend
Interest Income 85.68B 77.92B 75.5B 66.24B 57.4B
Interest and Fees on Loans 56.02B 48.7B 51B 44.97B 38.88B
Interest Income on Fed. Funds 3.31B 2.89B 1.83B 2.15B 1.5B
Interest Income on Fed. Repos 13.15B 0 0 9.52B 0
Interest on Bank Deposits 0 0 0 0 0
Other Interest or Dividend Income 13.21B 26.32B 22.67B 9.6B 17.02B
Total Interest Expense 40.32B 30.81B 23.97B 21.62B 16.74B
Interest Expense on Bank Deposits 15.25B 7.81B 4B 3B 1.99B
Other Interest Expense 25.07B 23B 19.98B 18.62B 14.75B
Interest Expense on Debt 9.94B 20.93B 17.41B 11.81B 12.99B
Interest Capitalized 0 0 0 0 0
Other Borrowed Funds 15.14B 2.08B 2.57B 6.81B 1.76B
2008 2009 2010 2011 2012 5-year trend
Net Interest Income 45.36B 47.11B 51.52B 44.62B 40.66B
Loan Loss Provision 26.83B 48.57B 28.44B 13.41B 8.17B
Net Interest Income after Provision 18.54B (1.46B) 23.09B 31.21B 32.49B
Non-Interest Income 30.88B 66.26B 54.4B 43.04B 45.68B
Securities Gain 1.12B 4.72B 2.53B 3.37B 1.66B
Trading Account Income (5.91B) 12.24B 10.05B 6.71B 5.87B
Trust Income, Commissions & Fees 30.87B 40.55B 24.39B 32.32B 32.21B
Commission & Fee Income 30.87B 40.55B 24.39B 32.32B 32.21B
Other Operating Income 4.81B 8.75B 17.44B 628M 5.94B
Non-Interest Expense 40.59B 64.89B 68.89B 70.35B 75.04B
Labor & Related Expense 18.37B 32.13B 35.82B 36.97B 37.54B
Equipment Expense 3.8B 7.36B 7.17B 5.11B 6.84B
Other Operating Expense - 23.06B 23.72B - 29.31B
Operating Income 8.82B (97M) 8.6B 3.89B 3.13B
Non-Operating Income (Expense) 0 10.01B 5.26B 0 0
Non-Operating Interest Income - - - - -
Miscellaneous Non Operating Expense 0 0 0 0 0
Equity in Affiliates (Pretax) - 10.01B 5.26B 0 0
Unusual Expense 4.4B 5.56B 15.19B 4.12B 53M
Pretax Income 4.43B 4.36B (1.32B) (230M) 3.07B
Income Taxes 420M (1.92B) 915M (1.68B) (1.12B)
Income Tax - Current - Domestic 5.64B (3.02B) (508M) (340M) 1.05B
Income Tax - Current - Foreign 585M 735M 815M 613M 569M
Income Tax - Deferred - Domestic (5.79B) 172M (86M) (3.26B) (3.49B)
Income Tax - Deferred - Foreign (12M) 198M 694M 1.31B 753M
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 0 0 0 0 0
Other After Tax Income (Expense) (69M) (3.99B) (4M) 0 (2M)
Consolidated Net Income 3.94B 2.28B (2.24B) 1.45B 4.19B
Minority Interest Expense 0 0 0 0 0
Net Income 3.94B 2.28B (2.24B) 1.45B 4.19B
Extraordinaries & Discontinued Operations 0 0 0 0 0
Extra Items & Gain/Loss Sale Of Assets 0 0 0 0 0
Cumulative Effect - Accounting Chg - 0 0 0 0
Discontinued Operations 0 0 0 0 0
Net Income After Extraordinaries 3.94B 2.28B (2.24B) 1.45B 4.19B
Preferred Dividends 1.45B 4.49B 1.36B 1.36B 1.43B
Net Income Available to Common 2.49B (2.21B) (3.6B) 85M 2.76B
EPS (Basic) 0.54 (0.29) (0.37) 0.01 0.26
Basic Shares Outstanding 4.59B 7.73B 9.79B 10.14B 10.75B
EPS (Diluted) 0.54 (0.29) (0.37) 0.01 0.25
Diluted Shares Outstanding 4.6B 7.73B 9.79B 10.25B 10.84B
Bank of America Corp. BAC Filings
SEC Filings for Bank of America Corp.
Filing Date Document Date Type Category Amended
11/14/2013 09/30/2013 13F N/A
11/01/2013 N/A SC 13D/A N/A *
10/30/2013 09/30/2013 10-Q Quarterly Reports
10/16/2013 10/16/2013 8-K Special Events
10/15/2013 N/A SC 13D/A N/A *
10/01/2013 N/A S-8 Registration Statement
10/01/2013 10/01/2013 8-K Special Events
09/23/2013 N/A SC 13D/A N/A *
09/23/2013 N/A SC 13D/A N/A *
09/03/2013 09/03/2013 8-K Special Events
08/22/2013 08/22/2013 8-K Special Events
08/14/2013 06/30/2013 13F N/A
08/01/2013 06/30/2013 10-Q Quarterly Reports
08/01/2013 N/A SC 13D N/A
07/24/2013 07/24/2013 8-K Special Events
07/17/2013 07/17/2013 8-K Special Events
07/17/2013 N/A SC 13D/A N/A *
07/17/2013 N/A SC 13D/A N/A *
07/02/2013 07/02/2013 8-K Special Events
06/10/2013 N/A SC 13G/A Institutional Ownership *
SEC Filings provided by EDGAR Online, Inc.
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