Banking and financial services institution serving individuals, businesses, and institutional clients with comprehensive banking solutions.
Profile & Fundamentals
Bank of America (BAC.NYSE) Profile & Fundamentals
Review Bank of America reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Bank of America: Company Profile & Ownership
Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, checking accounts, and investment accounts and products; credit and debit cards; residential mortgages and home equity loans; and direct and indirect loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, and underwriting and advisory services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.
Company profile record
Bank of America Corp
Common Stock · Financials · Diversified Banks
Company
- Company / asset
- Bank of America Corp
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Diversified Banks
- HQ
- 🇺🇸 United States
- Head office
- Bank of America Corporate Center, Charlotte, NC, United States, 28255
Leadership & scale
- Chief executive
- Mr. Brian Thomas Moynihan
- CEO year born
- 1959
- Full-time employees
- 210K
- Fiscal year end
- December
- IPO date
- 1978-01-13
Fundamentals snapshot
- Market Cap
- USD 377.5B
- P/E
- 11.8x
- Revenue (Q3 26)
- USD 28.7B
- Profit (Q3 26)
- USD 6.9B
- Dividend Yield
- 1.6%
- Revenue (FY 25)
- USD 113.1B
- Shares in public float
- 6.9B
- Insider ownership
- 7.12%
Reporting & identifiers
- Symbol
- BAC.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US0605051046
- Asset ID
- equity_86024f0f-e3ec-533a-b886-0101ce4c3a73
Bank of America: Ownership
Shares Outstanding
Latest: 7.3B | Max: 10.6B | Min: 7.3B
Latest reported ownership snapshot
Float Shares
93.99%
6.9B latest reported shares
Insider Ownership
7.12%
Latest reported insider stake
Short Float
0.00%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 10,621,809,000 |
| 2018-01-01 | 9,996,000,000 |
| 2019-01-01 | 9,079,500,000 |
| 2020-01-01 | 8,785,000,000 |
| 2021-01-01 | 8,304,700,000 |
| 2022-01-01 | 8,155,700,000 |
| 2023-01-01 | 8,062,500,000 |
| 2024-01-01 | 7,843,700,000 |
| 2025-01-01 | 7,546,900,000 |
| 2026-01-01 | 7,312,500,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 545,683,702 | 7.88% | 2026-06-30 |
| Berkshire Hathaway Inc | 483,394,015 | 6.98% | 2026-06-30 |
| Vanguard Capital Management, LLC | 421,828,996 | 6.09% | 2026-06-30 |
| State Street Corp | 299,782,707 | 4.33% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 210,835,261 | 3.06% | 2026-09-30 |
| FMR Inc | 189,182,396 | 2.73% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 172,341,501 | 2.49% | 2026-06-30 |
| Vanguard 500 Index Investor | 170,789,781 | 2.48% | 2026-09-30 |
| Geode Capital Management, LLC | 157,607,251 | 2.28% | 2026-06-30 |
| JPMorgan Chase & Co | 131,583,164 | 1.9% | 2026-06-30 |
| Capital World Investors | 115,849,982 | 1.67% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 114,601,311 | 1.66% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 87,461,776 | 1.26% | 2026-06-30 |
| iShares Core S&P 500 ETF | 86,528,843 | 1.25% | 2026-10-23 |
| Fidelity 500 Index | 84,750,533 | 1.23% | 2026-08-31 |
Bank of America: Earnings, Profitability & Valuation
Income Statement Filed On
Cash Flow Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Bank of America's recent earnings show clear operational improvement. For the second quarter of 2026, the company generated 31.6 billion dollars in revenue and 9.07 billion dollars in net income, marking strong double-digit growth compared to the prior year. This progress was driven by wider lending spreads as maturing assets began paying higher yields, supported by solid trading and advisory fees. However, beneath the strong headline results, executive guidance for the third quarter warned that investment banking fees could drop by more than 10 percent while trading revenues remain flat. This divergence highlights that while the core spread-lending business is steadily compounding, capital markets revenues remain cyclical.
Bank of America's recent earnings show clear operational improvement. For the second quarter of 2026, the company generated 31.6 billion dollars in revenue and 9.07 billion dollars in net income, marking strong double-digit growth compared to the prior year. This progress was driven by wider lending spreads as maturing assets began paying higher yields, supported by solid trading and advisory fees. However, beneath the strong headline results, executive guidance for the third quarter warned that investment banking fees could drop by more than 10 percent while trading revenues remain flat. This divergence highlights that while the core spread-lending business is steadily compounding, capital markets revenues remain cyclical.
Revenue, Net Income, and Free Cash Flow
Latest: USD 113.1B | Max: USD 113.1B | Min: USD -8.8B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 14x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have expanded solidly, with the efficiency ratio improving to 59 percent and return on tangible common equity reaching 17 percent in mid-2026. This margin strength reflects positive operating leverage, as rising yields on maturing loans and securities have outpaced modest increases in deposit funding expenses. Looking ahead, margin expansion will moderate into a more sustainable pace. While contractual reinvestment will continue lifting loan yields, rising deposit competition and normalizing credit card loss provisions will absorb part of the gain. Long-term profitability should settle into a durable, mid-teens return on equity rather than accelerating indefinitely.
Profitability margins have expanded solidly, with the efficiency ratio improving to 59 percent and return on tangible common equity reaching 17 percent in mid-2026. This margin strength reflects positive operating leverage, as rising yields on maturing loans and securities have outpaced modest increases in deposit funding expenses. Looking ahead, margin expansion will moderate into a more sustainable pace. While contractual reinvestment will continue lifting loan yields, rising deposit competition and normalizing credit card loss provisions will absorb part of the gain. Long-term profitability should settle into a durable, mid-teens return on equity rather than accelerating indefinitely.
Profitability Margins
Latest: 95.0% | Max: 100.0% | Min: 21.8%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
95.0%
Gross profit / revenue
Operating Margin
33.3%
Operating income / revenue
Net Margin
27.0%
Net income / revenue
FCF Margin
11.2%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 80,104,000,000 | 17,906,000,000 | 17,277,000,000 |
| 2017-12-31 | 83,730,000,000 | 18,232,000,000 | 9,864,000,000 |
| 2018-12-31 | 87,738,000,000 | 28,147,000,000 | 39,520,000,000 |
| 2019-12-31 | 85,582,000,000 | 27,430,000,000 | 61,777,000,000 |
| 2020-12-31 | 74,208,000,000 | 17,894,000,000 | 37,993,000,000 |
| 2021-12-31 | 89,113,000,000 | 31,978,000,000 | -7,193,000,000 |
| 2022-12-31 | 94,950,000,000 | 27,528,000,000 | -6,327,000,000 |
| 2023-12-31 | 98,581,000,000 | 26,515,000,000 | 44,982,000,000 |
| 2024-12-31 | 101,887,000,000 | 27,132,000,000 | -8,805,000,000 |
| 2025-12-31 | 113,097,000,000 | 30,509,000,000 | 12,613,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 13.6 | Trailing four quarters |
| 2024-12-31 | 12.7 | Trailing four quarters |
| 2023-12-31 | 10.2 | Trailing four quarters |
| 2022-12-31 | 9.8 | Annual net income |
| 2021-12-31 | 11.6 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 100 | 31.24 | 22.35 | 21.57 |
| 2017-12-31 | 100 | 34.89 | 21.77 | 11.78 |
| 2018-12-31 | 99.74 | 39.42 | 32.08 | 45.04 |
| 2019-12-31 | 100 | 38.27 | 32.05 | 72.18 |
| 2020-12-31 | 100 | 25.6 | 24.11 | 51.2 |
| 2021-12-31 | 94.84 | 38.13 | 35.88 | -8.07 |
| 2022-12-31 | 97.32 | 32.62 | 28.99 | -6.66 |
| 2023-12-31 | 95.54 | 28.75 | 26.9 | 45.63 |
| 2024-12-31 | 94.29 | 28.71 | 26.63 | -8.64 |
| 2025-12-31 | 94.98 | 33.33 | 26.98 | 11.15 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-05.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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