Currently, Bank of America Corporation has a PEG ratio of 1.65 compared to the Banks - Major Regional industry's PEG ratio of 1.35. USD | Historical quick ratio values for Bank Of America (BAC) over the last 10 years. At the time of India's Independence in 1947, UBI . Average collection period, for Bank Of America's accouts receivable remained unchanged at 4056 days, in the Sep 30 2022 quarter. PE Ratio (TTM) 10.25: EPS (TTM) 3.16 . Fundamental company data provided by Morningstar, updated daily. Investment Thresholds for Top Investment HSAs Individual / Family Plans (Non-Employer Group) Optum Bank 2,000 Bank of America 1,000 Further Bank of America's operated at median fixed asset turnover of 5.7x from fiscal years ending December 2017 to 2021. All Rights Reserved. Gurus may be added or dropped from the GuruFocus site at any time. Tier 1 capital ratio at Bank of America 2009-2021. The debt-to-limit ratio is the second biggest factor, behind payment history, in calculating credit scores. Within Commercial Banks industry Bank Of America Corporation booked the highest Quick Ratio than Bank Of America in the third quarter 2022. The quick ratio measures a company's ability to pay off short term obligations with liquid assets. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Value Screeners. In other words, the quick ratio is an accounting ratio that measures a company's liquidity. It is also known as the acid test ratio as it tests the ability of a company to convert its quick assets into instant cash. Regardless of the sequential decrease in Current Liabilities, Quick Ratio detoriated to, Quick Ratio third quarter 2022 Company Ranking, Companies with similar Quick Ratio in the quarter ending Sep 30 2022, within Commercial Banks Industry. It operates through the following segments: Consumer. Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Please note, not all equities are covered by this module due to inconsistencies . Access 4000+ stock metrics covering valuations, financials, risk, returns and more. Click here to check it out. Fiscal year is January - December. The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina.The bank was founded in San Francisco and took its present form when NationsBank of Charlotte acquired it in 1998. NYSE | Get comparison charts for value investors! Compare the current vs average quick ratio of Bank of America BAC, Verizon Communications VZ and McDonald's MCD. Compare BAC With Other Stocks Total assets of Bank of America 2009-2021. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This ratio was nicknamed quick to describe the "quick assets" needed to pay down any current liabilities. Lenders generally want credit card balances to be less than 30 percent of credit limits. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. BAC's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth, BAC's Quick Ratio for the trailling 12 Months. Performance Summary Bank of America's latest twelve months fixed asset turnover is 4.4x. Quick assets include cash and assets that can be converted to cash in a short time, which usually means within 90 days. The quick ratio, also known as the acid test ratio, measures the ability of the company to repay the short-term debts with the help of the most liquid assets. The Camels Ratio System is brought to light and utilized to point out the different highlights in the Bank of America's financial status of the past 10 years. ROA ROI Return On Tangible Equity Current and historical current ratio for Bank Of America (BAC) from 2010 to 2022. Bank Of America risk-adjusted-performance technical analysis lookup allows you to check this and other technical indicators for Bank Of America or any other equities. Bank of America Market Cap $260B Today's Change (-0.18%) -$0.06 Current Price $32.38 Price as of December 9, 2022, 4:00 p.m. About Debt to Equity Ratio (Quarterly) The Company's quarterly Debt to Equity Ratio (D/E ratio) is Total Long Term Debt divided by total shareholder equity. Start My Free Trial The different aspects regarding the . Bank of America's . Company Name, Ticker, Customers, else.. You must always have $1,000 in the HSA checking account. In this article I look at the five-year fundamental track records of the big four banks: JPMorgan ( JPM ), Bank of America ( BAC ), Citigroup ( C) and Wells Fargo ( WFC ). Start My Free Trial Be sure to check out our other listings to see all of the Peterbilt 579's we have for sale. This ratio was nicknamed quick to describe the "quick assets" needed to pay down any current liabilities. Read full definition. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Quick Ratio third quarter 2022 Comment: Regardless of the sequential decrease in Current Liabilities, Quick Ratio detoriated to 0.47 above company average Quick Ratio. A month has gone by since the last earnings report for Bank of America (BAC). Global Banking, including Global Corporate Banking, Global Commercial Banking, Business Banking and Global Investment Banking, provides lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Popular Screeners Screens. Bank-specific ratios, such as net interest margin (NIM), provision for credit losses (PCL), and efficiency ratio are unique to the banking industry. Bank of America . Price Target Upside/Downside According to analysts' consensus price target of $44.68, Bank of America has a forecasted upside of 19.7% from its current price of $37.33. Read full definition. Currency in USD Follow 2W 10W 9M 32.38 -0.06 (-0.18%) At close: December 9 04:00PM EST 32.35 -0.03 (-0.09%) After hours: Dec 9,. The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Values delayed up to 15 minutes Day Range 37.56 - 37.86 52-Week Range 29.32 - 50.11 Profile. There is a big. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. GuruFocus does not calculate Quick Ratio for banks and insurance companies. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does U.S. Trust private bank. View and export this data going back to 1973. In January 2009 Bank of America announced that it would receive $20 billion in U.S. government aid and an additional $118 billion in guarantees against bad assets incurred as a result of the acquisition of Merrill Lynch. Any excess dollars over this amount can be transferred to the investment account. The Quick Ratio, also known as the acid-test ratio, is a solvency metric used to determine a firm's ability to pay down current liabilities with its cash, short term equivalents, and accounts receivables. Compare the quick ratio of Intel INTC, Bank of America BAC and McDonald's MCD. This feature is only available for Premium Members, please sign up for. Bank of America has received a consensus rating of Buy. Net income of Bank of America 2009-2021. 100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255. This investment adviser does not provide advice to individual investors. Sign in and tap "Transfer | Zelle.". Quick Ratio explanation, calculation, historical data and more Then tap "Settings" or "Manage Settings" and follow the instructions. While total ranking remained unchanged compare to previous quarter at no. It's used to help gauge a. Please enter Portfolio Name for new portfolio. Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. All Other comprises ALM activities, equity investments, the international consumer card business, liquidating businesses, etc. Access 4000+ stock metrics covering valuations, financials, risk, returns and more. Find the latest Bank of America Corporation (BAC) stock quote, history, news and other vital information to help you with your stock trading and investing. Shares have added about 8.1% in that time frame, outperforming the S&P 500. At the end of 2021 the company had a P/E ratio of 12.4 . IncomefromContinuedOperationsAnnualGrowth, See Quick Ratio BAC on the trailing twelve month basis, Back to BAC Financial Strength Comparisons, Go to Compare BAC Quick Ratio to its Competitors, Zions Bancorporation National Association. Value Screeners. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. Bank Of America Quick Ratio 2010-2022 | BAC. Global Markets offers sales & trading, market-making, financing, securities clearing, settlement and custody, and risk-management services. Looking back at the last five years, Bank of America's quick ratio peaked in December 2020 at 0.4x. Get comparison charts for value investors! Start Now! Global Wealth & Investment Management, comprising Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management, offers wealth structuring, trust and banking needs and specialty asset management services. 2016 Peterbilt 579 514,805 miles 80" Unibilt Sleeper Single Bed Paccar MX-13 - 455hp / 1650 torque Eaton 10 Speed Manual 13200 / 40000 Axles 3.55 . Please check your download folder. Get the latest Bank of America Corp (BAC) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Bank of America Corp. is one of the largest financial holding companies in the U.S. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. It is calculated by adding total cash and equivalents, accounts receivable, and the marketable investments of the company and then dividing it by its total current liabilities. Mobile & Online Banking Manage your account, make payments and transfer funds using our top-rated Mobile Banking app 5 and Online Banking. Please check your download folder. It is the second-largest banking institution in . BAC has been successfully added to your Stock Email Alerts list. Accounts Receivable turnover ratio remained unchanged compare to previous quarter at 0.09 below company average. . We supply you with a 10 day driveaway dealer plate / temp tag so that you can drive it home from the border. The debt-to-limit ratio, also called credit utilization ratio, measures how much of your total available credit you're using. Bank of America Corporation ( BAC) reported mixed Q4 FY 2021 earnings results. Compare BAC With Other Stocks From: To: Bank of America has established an investment threshold of $1,000. Sorry. The Quick Ratio, also known as the acid-test ratio, is a solvency metric used to determine a firm's ability to pay down current liabilities with its cash, short term equivalents, and accounts receivables. You can select from a set of available technical indicators by clicking on the link to the right. $200 online bonus offer Unlimited 1.5% cash back on all purchases > Travel Rewards No annual fee. These assets include marketable securities, such as stocks or bonds that the company can sell on regulated exchanges. Bank Of America current ratio for the three months ending September 30, 2022 was . Stock quotes provided by InterActive Data. each ratio value is given a score ranging from -2 and +2 depending on its position relative to the quartiles (-2 - below the first quartile; -1 - between the first and the second quartile; +1 - between the second and the third quartile; +2 - above the third quartile; 0 - the ratio value deviates from the median by no more than 5% of the Bank of America Corporation key financial stats and ratios If you want to check out BAC market capitalization, P/E Ratio, EPS, ROI, and other financial ratios, this page is your go-to hub. You'll receive the money in minutes. Bank of America's operated at median quick ratio of 0.3x from fiscal years ending December 2017 to 2021. Quick Ratio(x) 13.84: 13.38: Total Debt / Mcap(x) 0.00 . Popular . Bank of America Corp BAC.N Official Data Partner Latest Trade 37.7 USD 0.09 +0.24% As of Nov 25 2022. Statistics Annual Quarterly More Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Price to earnings ratio Price to cash flow ratio Currency: USD Q1 '21 Q2 '21 The gurus listed in this website are not affiliated with GuruFocus.com, LLC. $200 online bonus offer 3% cash back in the category of your choice > Unlimited Cash Rewards No annual fee. No credit card required. No credit card required. Enroll your U.S. mobile number or email address, and the money will be sent directly into your Bank of America account. Only PremiumPlus Member can access this feature. With total assets worth $3.07 trillion as of Sep 30, 2022, it provides a diverse range of banking and non-banking financial services and products through 3,932 financial centers and 15,572. According to Bank of America 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.3281 . origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta . The quick ratio is the value of a business's "quick" assets divided by its current liabilities. Average Interest Earning Assets (USD Mil), Capital Adequacy Tier - Total Capital Ratio %, Float Percentage Of Total Shares Outstanding, Net Income Including Noncontrolling Interests, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, 100 NORTH TRYON STREET CHARLOTTE NC 28255. This ratio was nicknamed quick to describe the "quick assets" needed to pay down any current liabilities. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume . View Quick Ratio (Quarterly) for BOFA.NO. Compare the quick ratio of Bank of America BAC and McDonald's MCD. Bank Of America Quick Ratio 2010-2022 | BAC Prices Financials Revenue & Profit Assets & Liabilities Margins Price Ratios Other Ratios Other Metrics Current Ratio Quick Ratio Debt/Equity Ratio ROE ROA ROI Return On Tangible Equity Historical quick ratio values for Bank Of America (BAC) over the last 10 years. World's Best Bank for Payments and Treasury Euromoney, 2022 95% of the U.S. Fortune 1,000; and 74% of the Global Fortune 500 served by Global Banking businesses 44K Global Banking clients with operations in approximately 35 countries 1.8M CashPro App sign-ins Rolling 12 months as of June, 2022 This ratio was nicknamed quick to describe the "quick assets" needed to pay down any current liabilities. Dec 09, 16:00. BAC (Bank of America) Quick Ratio Get Your 7-Day Free Trial! Dividend Aristocrats Dividend Challengers Dividend Contenders Minimum 3% Yield Minimum 4% Yield Minimum 5% Yield Low Payout Ratio Undervalued Monthly Payers. Bank of America - Banking, Credit Cards, Loans and Merrill Investing Choose the card that works for you Customized Cash Rewards No annual fee. You can manage your stock email alerts here. Bank of America's fixed asset turnover for fiscal years ending December 2017 to 2021 averaged 6.4x. Check your text messages or email . . The Quick Ratio, also known as the acid-test ratio, is a solvency metric used to determine a firm's ability to pay down current liabilities with its cash, short term equivalents, and accounts receivables. Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. ET Tracing Bank of America's history through the three biggest. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. With 1.4 billion people as of 2021, it accounts for about 18% of the world's human population.Africa's population is the youngest amongst all the . It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Ratios & Margins Bank of America Corp. All values updated annually at fiscal year end Valuation P/E Ratio (TTM) 10.27 P/E Ratio (including extraordinary items) 10.23 Price to Sales Ratio. Bank of America Quick Ratio View and export this data going back to 1973. Bank of America Corp. company facts, information and financial ratios from MarketWatch. Bank of America Corporation (BAC) NYSE - NYSE Delayed Price. Will the recent positive trend continue . Bank of America's quick ratio for fiscal years ending December 2017 to 2021 averaged 0.3x. Compare BAC With Other Stocks P/E ratio as of December 2022 (TTM): 10.3. Dec 09, 16:00. Certain links may direct you away from Bank of America to an unaffiliated site. At about 30.3 million km 2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. In depth view into Bank of America Quick Ratio explanation, calculation, historical data and more . Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. Start your Free Trial. Bank of America has operations in several countries. Home Homepage Membership Levels About Us General Discussion Complete Stock List The Book Membership Data Coverage Founder's Message Free Trial FREE Trial Screeners GuruFocus Screeners All-In-One Screener Ben Graham Lost Formula Canadian Faster Growers CEO Buys Real estate news with posts on buying homes, celebrity real estate, unique houses, selling homes, and real estate advice from realtor.com. The Quick Ratio, also known as the acid-test ratio, is a solvency metric used to determine a firm's ability to pay down current liabilities with its cash, short term equivalents, and accounts receivables. Bank Of America Quick Ratio 2010-2022 | BAC Prices Financials Revenue & Profit Assets & Liabilities Margins Price Ratios Other Ratios Other Metrics Current Ratio Quick Ratio Debt/Equity Ratio ROE ROA ROI Return On Tangible Equity Historical quick ratio values for Bank Of America (BAC) over the last 10 years. Warning! BAC has been removed from your Stock Email Alerts list. 1. The company's trailing twelve month (TTM) PEG ratio is the P/E . NEO | GuruFocus has detected 1 Severe Warning Sign with BAC. Earnings per share (EPS) surpassed analyst expectations, rising 39.0% year over year (YOY). The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Show all statistics (6) Financial highlights. It has 5 business units: Consumer Banking, comprising Deposits & Consumer Lending businesses, provides credit, banking and investment products and services. CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Bank of America subsequently faced a number of state and federal lawsuits regarding claims that it had defrauded investors. Disclaimers: GuruFocus.com is not operated by a broker or a dealer. Compare the average quick ratio of Intel INTC, Bank of America BAC and McDonald's MCD. 1.8K views, 85 likes, 3 loves, 7 comments, 27 shares, Facebook Watch Videos from Fidelma Fidelia: 12.10.22 Patriot Streetfighter Economic Update, Stock Market Crash First Of The Year- Dividend Aristocrats Dividend Challengers Dividend Contenders Minimum 3% Yield Minimum 4% Yield Minimum 5% Yield Low Payout Ratio Undervalued Monthly Payers. Similar to companies in other sectors, banks have specific ratios to measure profitability and efficiency that are designed to suit their unique business operations. Africa is the world's second-largest and second-most populous continent, after Asia in both cases. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. . Biggest Companies Most Profitable Best Performing Worst Performing 52-Week Highs 52 . Get comparison charts for value investors! CAD | Within Financial sector 493 other companies Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual ( 10-K) and quarterly ( 10-Q) reports submitted to the Securities and Exchange Commission (SEC). Bank of America 32.44 -0.30 -0.92% General Chart News & Analysis Financials Technical Forum Financial Summary Income Statement Balance Sheet Cash Flow Ratios Dividends Earnings BAC Ratios. Get comparison charts for value investors! Your home equity line of credit made easy Start online Submit your secure application online - there's no fee and no obligation, and it only takes about 15 minutes. Union Bank of India (UBI) was registered on 11 November 1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi. Past performance is a poor indicator of future performance. 2004-2022 GuruFocus.com, LLC. CFU (Bank of America) Quick Ratio as of today (December 07, 2022) is . BAC Quick Ratio as of today (October 07, 2022) is . Ratios and Metrics ( Annual) Market cap in millions USD. Enroll now with Zelle.