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Bank of America
BAC · NYSEBanks & Capital Markets
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Company details
Market cap
~$405B
P/E ratio
~14×
Div yield
~2.0%
EPS (TTM)
~$4.00
Net income
$30.5B
Rev. growth
+7%
Revenue
$113B
Deposits
~$2T
In plain English
Bank of America is a universal bank built on a roughly $2 trillion pile of cheap consumer deposits. It lends that money back out as mortgages, cards and business loans, runs the Merrill wealth-management arm for trillions in client assets, and operates a Wall Street investment-banking and trading business — all stitched together after the crisis-era takeovers of Merrill Lynch and Countrywide. Warren Buffett's Berkshire Hathaway is its single largest shareholder.
In simple terms
What Bank of America really sells
Bank of America is a universal bank built on a roughly $2 trillion pile of cheap consumer deposits. It lends that money back out as mortgages, cards and business loans, runs the Merrill wealth-management arm for trillions in client assets, and operates a Wall Street investment-banking and trading business — all stitched together after the crisis-era takeovers of Merrill Lynch and Countrywide. Warren Buffett's Berkshire Hathaway is its single largest shareholder.
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Risk read
Moderate
SteadierMore speculative
Why this rating?