Bank Of America Stock Current Liabilities
| BAC Stock | USD 38.40 0.03 0.08% |
Bank of America fundamentals help investors to digest information that contributes to Bank of America's financial success or failures. It also enables traders to predict the movement of Bank Stock. The fundamental analysis module provides a way to measure Bank of America's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bank of America stock.
The current year's Total Current Liabilities is expected to grow to about 1 T, whereas Non Current Liabilities Total is forecasted to decline to about 991.7 B. Bank | Current Liabilities |
Bank of America Company Current Liabilities Analysis
Bank of America's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Bank Current Liabilities Driver Correlations
Understanding the fundamental principles of building solid financial models for Bank of America is extremely important. It helps to project a fair market value of Bank Stock properly, considering its historical fundamentals such as Current Liabilities. Since Bank of America's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bank of America's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bank of America's interrelated accounts and indicators.
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Bank Current Liabilities Historical Pattern
Today, most investors in Bank of America Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Bank of America's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current liabilities growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Bank of America current liabilities as a starting point in their analysis.
Bank of America Current Liabilities |
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Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
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Bank Total Current Liabilities
Total Current Liabilities |
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In accordance with the recently published financial statements, Bank of America has a Current Liabilities of 0.0. This is 100.0% lower than that of the Banks sector and about the same as Financials (which currently averages 0.0) industry. The current liabilities for all United States stocks is 100.0% higher than that of the company.
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Bank of America ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Bank of America's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bank of America's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Bank Fundamentals
| Return On Equity | 0.0872 | ||||
| Return On Asset | 0.0077 | ||||
| Profit Margin | 0.27 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 38.75 B | ||||
| Shares Outstanding | 7.87 B | ||||
| Shares Owned By Insiders | 13.17 % | ||||
| Shares Owned By Institutions | 58.93 % | ||||
| Number Of Shares Shorted | 72.08 M | ||||
| Price To Earning | 11.71 X | ||||
| Price To Book | 1.07 X | ||||
| Price To Sales | 3.00 X | ||||
| Revenue | 98.58 B | ||||
| Gross Profit | 92.41 B | ||||
| EBITDA | 30.37 B | ||||
| Net Income | 26.52 B | ||||
| Cash And Equivalents | 733.43 B | ||||
| Cash Per Share | 91.42 X | ||||
| Total Debt | 334.3 B | ||||
| Debt To Equity | 7.37 % | ||||
| Book Value Per Share | 33.70 X | ||||
| Cash Flow From Operations | 44.98 B | ||||
| Short Ratio | 1.74 X | ||||
| Earnings Per Share | 2.90 X | ||||
| Price To Earnings To Growth | 3.69 X | ||||
| Target Price | 36.94 | ||||
| Number Of Employees | 212.34 K | ||||
| Beta | 1.39 | ||||
| Market Capitalization | 301.85 B | ||||
| Total Asset | 3.18 T | ||||
| Retained Earnings | 224.67 B | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 2.06 % | ||||
| Net Asset | 3.18 T | ||||
| Last Dividend Paid | 0.94 |
About Bank of America Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bank of America's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of America using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bank of America based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bank of America
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of America position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of America will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.96 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.93 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
| 0.83 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.72 | RY | Royal Bank Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Bank of America could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of America when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of America - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of America to buy it.
The correlation of Bank of America is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of America can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bank of America Piotroski F Score and Bank of America Altman Z Score analysis. For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.Note that the Bank of America information on this page should be used as a complementary analysis to other Bank of America's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Bank Stock analysis
When running Bank of America's price analysis, check to measure Bank of America's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.
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Is Bank of America's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of America. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of America listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 0.94 | Earnings Share 2.9 | Revenue Per Share 11.664 | Quarterly Revenue Growth (0.03) |
The market value of Bank of America is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of America's value that differs from its market value or its book value, called intrinsic value, which is Bank of America's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of America's market value can be influenced by many factors that don't directly affect Bank of America's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.