Bank of America BAC
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Bank of America (BAC) Business Model and Operations Summary
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
Key Insights
Bank of America (BAC) Core Market Data and Business Metrics
Latest Closing Price
$41.85Market Cap
$321.77 BillionPrice-Earnings Ratio
13.04Total Outstanding Shares
7.76 Billion SharesTotal Employees
212,000Dividend
$0.26 Per Share QuarterlyIPO Date
January 2, 1973SIC Description
National Commercial BanksPrimary Exchange
New York Stock ExchangeHeadquarters
Bank Of America Corporate Center, Charlotte, NC, 28255
Historical Stock Splits
If you bought 1 share of BAC before August 30, 2004, you'd have 2 shares today.
Execution Date | Split Amount |
---|---|
August 30, 2004 | 2-for-1 |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
---|---|---|---|
53,071,148 Shares | 1.65 | 3/14/2025 | 87,756,310 Shares |
39,695,630 Shares | 1.98 | 2/28/2025 | 78,488,330 Shares |
29,297,944 Shares | 2.71 | 2/14/2025 | 79,272,659 Shares |
37,261,897 Shares | 1.55 | 1/31/2025 | 57,754,684 Shares |
36,618,972 Shares | 1.98 | 1/15/2025 | 72,502,049 Shares |
29,878,567 Shares | 2.48 | 12/31/2024 | 73,992,719 Shares |
Cash Flow Statement
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Net Cash Flow From Operating Activities | $-8.80 Billion |
Net Cash Flow From Operating Activities, Continuing | $-8.80 Billion |
Net Cash Flow From Investing Activities | $-90.69 Billion |
Net Cash Flow, Continuing | $-39.13 Billion |
Exchange Gains/Losses | $-3.83 Billion |
Net Cash Flow | $-42.96 Billion |
Income Statement
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Income/Loss From Continuing Operations After Tax | $27.13 Billion |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $1.63 Billion |
Diluted Earnings Per Share | $3.21 |
Interest Income/Expense After Provision For Losses | $56.06 Billion |
Net Income/Loss Available To Common Stockholders, Basic | $25.50 Billion |
Net Income/Loss | $27.13 Billion |
Comprehensive Income
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Comprehensive Income/Loss | $29.64 Billion |
Comprehensive Income/Loss Attributable To Parent | $29.64 Billion |
Other Comprehensive Income/Loss | $29.64 Billion |
Other Comprehensive Income/Loss Attributable To Parent | $2.50 Billion |
Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
Balance Sheet
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Long-term Debt | $283.28 Billion |
Fixed Assets | $12.17 Billion |
Current Liabilities | $2.97 Trillion |
Current Assets | $3.26 Trillion |
Liabilities | $2.97 Trillion |
Equity Attributable To Parent | $295.56 Billion |
Historical Dividends
Current dividend: $0.26 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Jan 29, 2025 | Mar 28, 2025 | Mar 7, 2025 | $0.26 | Quarterly |
Oct 16, 2024 | Dec 27, 2024 | Dec 6, 2024 | $0.26 | Quarterly |
Jul 24, 2024 | Sep 27, 2024 | Sep 6, 2024 | $0.26 | Quarterly |
Apr 25, 2024 | Jun 28, 2024 | Jun 7, 2024 | $0.24 | Quarterly |
Jan 31, 2024 | Mar 29, 2024 | Mar 1, 2024 | $0.24 | Quarterly |
Oct 18, 2023 | Dec 29, 2023 | Dec 1, 2023 | $0.24 | Quarterly |