Bank of America CorporationBAC
NYSE•Financial Services•Banks - Diversified
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.
Bank of America Corporation (BAC) reported trailing twelve months revenue of $174.85B as of March 2026, a 20.9% increase year-over-year. Quarterly revenue reached $30.27B, reflecting continued top-line momentum.
Bank of America Corporation generated $31.70B in TTM net income, with quarterly EBITDA of $10.40B. The operating margin expanded from 17.3% to 34.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (34.4%) and net margin (28.4%) indicates moderate non-operating costs. Net margin has improved from 15.7% a year ago, signaling stronger bottom-line efficiency.
BAC trades at a P/E of 11.1x (below the broader market average) and a P/S of 2.0x. The price-to-book ratio of 1.2x reflects a moderate premium to book value.
The company generated $41.77B in free cash flow over the trailing twelve months, a 2012.5% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $3.50T in total assets with $300.76B in long-term debt against $300.67B in stockholders equity for a debt-to-equity ratio of 1.0. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~30.8% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~9.3% on average, adequate but below the threshold typically associated with wide moats.
Only 4 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
TTM revenue has grown consistently (6 of 7 quarters up), with ~79.9% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 36.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 1.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.
Shares decreased 6.8% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation