What does the company do?
Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Through its banking subsidiaries and various non-banking subsidiaries throughout the United States and in selected international markets, it provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking and Global Wealth and Investment Management. Bank of America operates in 50 states, the District of Columbia and more than 40 foreign countries. Bank of America has 6,100 banking centers, approximately 18,700 automated teller machines (ATMs), nationwide call centers, and online and mobile banking platforms. On January 1, 2009, Bank of America announced the purchase of Merrill Lynch & Co., Inc. On July 1, 2008, Bank of America completed the acquisition of Countrywide Financial Corporation.
How much does the company sell and earn?
Investors need to know how much stuff or services a company sells, and how much of that total it keeps as income (or profit) to grow its business or return to shareholders. The more of each, the better. In general, look for companies that sell and earn more than peers.
- Bank of Am one-year sales: 81.87 Bil.
Difference from the average for the Money Center Banks group: 69.01% - Bank of Am one-year income: 600.00 Mil.
| Sales & Income (past 12 months) | Company | Industry |
|---|
| Sales | 81.87 Bil | 48.44 Bil | | Income | 600.00 Mil | -116.68 Mil |
How fast is the company growing?
- Bank of Am one-year sales growth: 42.70%.
Difference from the average for the Money Center Banks group: 27.50 pct. pts. - Bank of Am one-year income growth: -23.80%.
Difference from the average for the Money Center Banks group: -13.90 pct. pts.| Sales & Income Growth (past 12 months) | Company | Industry |
|---|
| Sales Growth | 42.70% | 15.20% | | Income Growth | -23.80% | -9.90% |
How profitable is the company?
Investors prefer companies that increase profit margins -- the percentage of sales that they keep -- every year. This is accomplished either by lowering expenses or raising prices. Look for companies that consistently find ways to squeeze more profits out of sales than their peers.
- Bank of Am one-year net profit margin: 4.2%
Difference from the company's 5-year average net profit margin: -17.8 pct. pts.
Difference from the average for the Money Center Banks group: -1.7 pct. pts.
| Net profit margins (%) |
|---|
| Company | 4.2% | | Company 5-Yr Avg. | 22.0% | | Industry | 5.8% |
How is the company's financial health?
The debt/equity ratio shows how much a firm has borrowed as a percentage of its stock equity. The lower, the better.
- Bank of Am debt/equity ratio: 3.19.
Difference from the average for the Money Center Banks group: 14.34%.
| | Company | Industry |
|---|
| Debt/equity ratio | 3.19 | 2.79 |
|
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