What Bank of America (BAC) Investors Need to Know

Bank of America moved -0.3% this afternoon session, trading between a high of $28.97 and a low of $28.53 per share. Yesterday the stock finished at $28.65 per share, compared to an average analyst target price of $35.2.

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The large-cap major banks company is based in the United States, and over the last twelve months it has returned a dividend yield of 3.1%. Bank of America has trailing twelve months earnings per share (EPS) of 3.48, which at today's prices amounts to a price to earnings (P/E) ratio of 8.2.

Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 2.17. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.

Snapshot of Bank of America's Operating Margins:

Date Reported Total Revenue ($ k) Operating Expenses ($ k) Operating Margins (%) YoY Growth (%)
2023-02-22 94,950,000 33 -13.16
2022-02-22 89,113,000 38 72.73
2021-02-24 85,528,000 22 -38.89
2020-02-19 91,244,000 36 -5.26
2019-02-26 91,020,000 38 15.15
2018-02-22 87,352,000 33

Bank of America's net margins are averaging 27.833333333333332%, which is comparable to the Banking industry average of 26.96%. We also note a relatively high coefficient of variability of 55.8%. The firm's margins exhibit a relatively stable growth trend of -0.2%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.