Bank of America Corp BAC
Stock research in plain language · As of Oct 04, 2026 · updated once a week, after the trading week closes
What the company does
Bank of America Corp is a mega-cap company in the Financial Services sector (Banks - Diversified), with a market value of $375.9B, based in the USA.
It employs about 211,000 people and has been listed since Jan 13, 1978.
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.
Cheap or expensive? priced in line with its group
Its price-to-earnings (P/E) is 12.4 versus 14.1 for 4 direct peers — priced in line with its group.
Revenue is growing 17% versus the same quarter last year.
On analysts' next-year forecasts the multiple drops to 10.8 — they expect higher earnings.
The average analyst price target is 67.95, 26% above the current price (their view, not ours).
The stock sits at 42% of its one-year range (0% = the low, 100% = the high).
The risks
- • Net debt is 2.3× shareholders' equity — high leverage.
- • Quarterly report in 10 days (2026-10-14) — a day the stock can move a lot.
Strengths
- ✅ Profitable — 29 of every 100 dollars of revenue stays as profit.
- ✅ Generates free cash flow — profit becomes cash in the bank.
- ✅ Buys back its shares (5% fewer shares in a year).
- ✅ Most analysts rate it buy (21 vs 0).
- ✅ Revenue is growing 17% a year.
- ✅ Pays a dividend (2.1% a year).
What changed this week
Over the past week the stock fell 5.2% (for comparison: S&P 500 -0.2%, sector ETF XLF -2.5%).
This week's news
- U.S. debt could reach 160% of GDP within decade, Scope warns finance.yahoo.com · 2026-10-03
- Fed’s Hammack says there is time to weigh next rate move finance.yahoo.com · 2026-10-03
- BofA’s Hartnett Sees Risk-Off Mood Lasting Until Dollar Peaks finance.yahoo.com · 2026-10-02
- IonQ (IONQ) Stock Fair Value Edges Lower After Analysts Rework Growth And Risk finance.yahoo.com · 2026-10-02
- AI in regulated industries: BofA and S&P on the huge gains to be had, and the risks of rushing in finance.yahoo.com · 2026-10-01
- Bank stocks extend second-half slump amid sharp interest rate rise finance.yahoo.com · 2026-10-01
A description of facts from the filings and the market — not investment advice or a recommendation. "Cheap" and "expensive" are always relative to the comparison group.