Bank of America Corporation

Bank of America Corporationverified

BAC

Price:

$41.67

Market Cap:

$325.87B

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers i...[Read more]

Industry

Banks - Diversified

IPO Date

1973-02-21

Stock Exchange

NYSE

Ticker

BAC

The PE Ratio as of July 2024 (TTM) for Bank of America Corporation (BAC) is 14.62

According to Bank of America Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 14.62. This represents a change of 14.48% compared to the average of 12.77 of the last 4 quarters.

Bank of America Corporation (BAC) Historical PE Ratio (quarterly & annually)

How has BAC PE Ratio performed in the past?

The mean historical PE Ratio of Bank of America Corporation over the last ten years is 14.67. The current 14.62 PE Ratio has changed 9.86% with respect to the historical average. Over the past ten years (40 quarters), BAC's PE Ratio was at its highest in in the December 2017 quarter at 32.67. The PE Ratio was at its lowest in in the September 2014 quarter at -95.37.

Quarterly (TTM)
Annual

Average

14.67

Median

11.94

Minimum

8.84

Maximum

38.97

Bank of America Corporation (BAC) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Bank of America Corporation PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 166.61%

Maximum Annual PE Ratio = 38.97

Minimum Annual Increase = -71.56%

Minimum Annual PE Ratio = 8.84

Quarterly (TTM)
Annual
YearPE RatioChange
202310.204.44%
20229.76-17.39%
202111.82-20.30%
202014.8322.97%
201912.0636.42%
20188.84-46.46%
201716.5130.06%
201612.6914.53%
201511.08-71.56%
201438.97166.61%

Bank of America Corporation (BAC) Average PE Ratio

How has BAC PE Ratio performed in the past?

The current PE Ratio of Bank of America Corporation (BAC) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

10.59

5-year avg

11.73

10-year avg

14.67

Bank of America Corporation (BAC) PE Ratio vs. Peers

How is BAC’s PE Ratio compared to its peers?

Bank of America Corporation’s PE Ratio is less than Citigroup Inc. (15.71), greater than Wells Fargo & Company (11.64), greater than The Toronto-Dominion Bank (12.63), greater than Royal Bank of Canada (13.93), greater than JPMorgan Chase & Co. (11.35), less than Nu Holdings Ltd. (46.73), greater than HSBC Holdings plc (6.92), greater than Canadian Imperial Bank of Commerce (10.46), greater than Bank of Montreal (14.16), greater than The Bank of Nova Scotia (9.96), greater than Credit Suisse Group AG (-0.44),

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Frequently asked questions❓

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