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Bank of America Corporation

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Dividend Score

Dividend Score ranks stocks based on metrics important to dividend investors, helping you identify companies with a history of consistent dividends and the financial strength

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Health Checks

Dividend Payout Ratio

BAC's Dividend Payout Ratio of 25.95% is considered safe for the Financial Services sector, indicating that the company retains enough earnings to support business growth.

Interest Rate Coverage

BAC's Interest Coverage Ratio of 0.819 poses a risk, signaling financial challenges due to insufficient earnings to cover interest expenses.

Dividend Stability

BAC has maintained stable dividend payments over the past 10 years with no cuts over 5%.

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Bank of America Corporation Key Metrics

Market Cap
$326B
52 Weeks Low
$24.96
52 Weeks High
$44.44
Dividend Yield
2.26%
P/E
13.42x
P/S
2.74x

Upcoming Events

    BAC Dividends

    Dividend Yield
    2.26%
    Payout Ratio
    25.95%
    Dividend Amount Per Share
    $0.96
    Last Ex-Dividend Date
    Jun 07, 2024

    BAC Dividend Saftey

    BAC paid out 25.95% of its $27B earnings as dividends over the last 12 months.

    Safe

    1. Very Unsafe

    2. Unsafe

    3. Somewhat Safe

    4. Safe

    5. Very Safe

    Dividend Payout Ratio

    BAC's Dividend Payout Ratio of 25.95% is considered safe for the Financial Services sector, indicating that the company retains enough earnings to support business growth.

    Interest Rate Coverage

    BAC's Interest Coverage Ratio of 0.819 poses a risk, signaling financial challenges due to insufficient earnings to cover interest expenses.

    Income Quality

    BAC demonstrates robust income quality with consistent, high-quality earnings and minimal risk of dividend cuts.

    BAC Dividend Growth

    Bank of America Corporation(BAC) offers a dividend yield of 2.26% and pays $0.96 in dividends per share. Explore the historical dividend growth of BAC.

    Dividend Stability

    BAC has maintained stable dividend payments over the past 10 years with no cuts over 5%.

    Dividend Growth

    BAC's dividend payments have shown moderate growth, growing by 5.922% annually over the last 5 years.

    Earnings Growth

    BAC's earnings have shown moderate growth, growing by 3.447% annually over the last 5 years. Moderate growth indicates some stability but also potential uncertainty, suggesting that while dividends can continue, significant increases might be less likely.

    BAC Dividend Yield Attractiveness

    Bank of America Corporation(BAC) provides a dividend yield of 2.26%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.

    Yield %

    BAC

    Industry

    Peers

    Sector

    2.26%

    3.64%

    4.34%

    4.94%

    Dividend Yield

    BAC's dividend yield of 2.26% is considered good compared to the sector average of 4.938%, providing a strong safety margin for investors.

    BAC Financials

    BAC Income Statement Key Metrics

    • Revenue(TTM)119.14 B
    • Gross Profit(TTM)93.32 B
    • EBITDA(TTM)20.04 B
    • Net Income(TTM)24.52 B
    • EPS Diluted(TTM)2.88

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    BAC earnings and revenue history

    Gross Profit Margin vs Peers

    Profit margin ratio of BAC (0.955) is higher than the average of its peers (0.903).

    Net Profit Margin vs Peers

    Net profit margin ratio of BAC (0.269) is higher than the average of its peers (0.225).

    Revenue Growth

    BAC's revenue has shown poor growth over the past 10 years, increasing by only 1.66%.

    BAC Return on Equity

    See how efficiently BAC generates profit for it's shareholders.

    9.09%

    10
    0
    100

    1. Poor

    2. Average

    3. Strong

    Return on Equity vs Peers

    Return on Equity ratio of BAC (0.091) is lower than the average of its peers (0.106).

    Return on Equity Growth

    BAC's Return on Equity has grown significantly over the past 10 years, increasing by over 16.44%.

    BAC FY, 2023 Revenue Breakdown

    See how BAC converts it's revenue into profit.

    BAC Balance Sheet Health

    BAC Balance Sheet Breakdown 2023

    Assets

    1. Long Term Assets

    2. Cash & Equivalents

    3. Inventory

    4. Receivables

    5. Property Plant Equipments

    6. Others

    Liabilities

    1. Short Term Debt

    2. Long Term Debt

    3. Account Payables

    4. Others

    BAC financial position analysis

    Short Term Liabilities

    BAC's short term assets($981B) can safely cover it's short term liabilities($959B).

    Long Term Liabilities

    BAC's short term assets($981B) cannot safely cover it's long term liabilities($2T).

    BAC Debt to Equity