Bank Competitors

Stocks . Canada . 
Stock . Bank of America
BOFA Stock   24.50  0.31  1.28%   
Bank of America competes with DelphX Capital, Citadel Income, IShares Canadian, Altagas Cum, and European Residential; as well as few others. The company operates under Banks sector and is part of Financials industry. Analyzing Bank of America competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Bank of America to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Bank of America Correlation with its peers.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Bank of America competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
22.8224.4826.14
Details
Intrinsic
Valuation
LowRealHigh
22.0527.6129.27
Details
Naive
Forecast
LowNextHigh
22.9324.5926.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.1024.4024.69
Details

Bank of America Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Bank of America and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Bank and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Bank of America does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
FLSA
+ 0.86
RUDB
ERE-UN
+ 0.82
XHB
FLSA
+ 0.81
ERE-UN
EMNT
+ 0.77
CTF-UN
EMNT
+ 0.74
RUDB
RUDB
+ 0.73
ERE-UN
  
High negative correlations   
ERE-UN
- 0.8
DELX
ALA-PA
- 0.7
CTF-UN
ALA-PA
- 0.67
XHB
XHB
- 0.64
DELX
EMNT
- 0.63
ALA-PA
FLSA
- 0.63
ALA-PA

Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of America Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bank of America's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DELX  6.84 (0.77) 0.00 (0.09) 0.00 
 0.00 
 15.38 
(14.29)
 38.46 
CTF-UN  1.13  0.23  0.02 (0.27) 1.27 
(1.94)
 3.24 
(2.07)
 9.82 
XHB  0.19  0.01 (0.49)(0.22) 0.13 
(0.26)
 0.41 
(0.31)
 1.07 
ALA-PA  0.51  0.01 (0.17) 0.06  0.67 
(0.60)
 1.15 
(1.45)
 3.73 
ERE-UN  1.45  0.54  0.30 (3.38) 0.72 
(1.99)
 3.95 
(1.48)
 20.23 
RUDB  0.24  0.04 (0.22)(0.18) 0.34 
(0.25)
 0.58 
(0.62)
 1.96 
XEG  1.17  0.00 (0.04) 0.13  1.64 
(1.13)
 2.20 
(2.34)
 8.20 
SOLI-P  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
FLSA  0.42  0.05 (0.07) 0.27  0.32 
(0.49)
 0.95 
(0.85)
 2.60 
EMNT  3.50  0.30  0.02 (0.30) 3.75 
(6.65)
 10.71 
(6.90)
 26.79 

Cross Equities Net Income Analysis

Compare Bank of America and related stocks such as DelphX Capital Markets, Citadel Income, and iShares Canadian HYBrid Net Income Over Time
201020112012201320142015201620172018201920202021202220232024
DELX(1.5 M)(1.5 M)(1.5 M)(1.5 M)(1.5 M)(1.5 M)(1.5 M)(169.9 K)(8.5 M)(4.9 M)(2.6 M)(3.3 M)(4.7 M)(2 M)(2.1 M)
ERE-UN(61.3 K)(61.3 K)(61.3 K)(61.3 K)(61.3 K)(61.3 K)(61.3 K)(1.4 M)5.3 M(16.8 M)118.7 M96.1 M116.4 M(114.2 M)(108.5 M)
SOLI-P(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(60.7 K)(51.3 K)(53.9 K)
EMNT(100.6 K)(100.6 K)(100.6 K)(100.6 K)(100.6 K)(100.6 K)(100.6 K)(100.6 K)(113.6 K)(82 K)(1.3 M)(1.2 M)(1.5 M)(4.2 M)(4 M)

Bank of America and related stocks such as DelphX Capital Markets, Citadel Income, and iShares Canadian HYBrid Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Bank of America financial statement analysis. It represents the amount of money remaining after all of Bank of America operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Bank of America Competitive Analysis

The better you understand Bank of America competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Bank of America's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Bank of America's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
BOFA DELX CTF-UN XHB ALA-PA ERE-UN RUDB XEG SOLI-P FLSA
 1.28 
 24.50 
Bank
 10.00 
 0.11 
DelphX
 3.17 
 2.60 
Citadel
 0.15 
 19.54 
IShares
 1.00 
 19.19 
Altagas
 1.66 
 3.67 
European
 0.23 
 21.30 
RBC
 0.49 
 18.60 
IShares
 0.00 
 0.05 
Solid
 0.26 
 11.74 
Fidelity
Market Volatility
(90 Days Market Risk)
Very steady
Out of control
Moderately volatile
Very steady
Very steady
Moderately volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Good
Very Weak
OK
Modest
Very Weak
Good
OK
Very Weak
Very Weak
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Very High
Low
Low
Low
Low
Low
Low
Below Average
About Average
Current Valuation
(Equity Enterprise Value)
Under Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Buy
Strong Sell
Strong Sell
Hold
Cautious Hold
Hold
Cautious Hold
Strong Hold
Strong Sell
Strong Buy
Current Ratio
N/A
0.18
165.78
N/A
N/A
0.19
N/A
N/A
N/A
N/A
Net Asset
3.18 T
237.08 K
N/A
430.05 M
21.59 B
1.72 B
N/A
642.76 M
164.39 K
N/A
Profit Margin
0.25
N/A
N/A
N/A
0.0239
-0.49
N/A
N/A
N/A
N/A
EBITDA
N/A
(4.49 M)
N/A
N/A
1.14 B
66.25 M
N/A
N/A
(60.75 K)
N/A
Operating Margin
0.31
270.88
131.28
N/A
0.0733
0.68
N/A
N/A
N/A
N/A
Current Valuation
184.38 B
19.87 M
(11.41 M)
N/A
N/A
1.57 B
N/A
N/A
(29.73 K)
N/A
Price To Book
1.3
25.82
0.8
N/A
N/A
0.57
N/A
N/A
2.65
N/A
Retained Earnings
224.67 B
(34.63 M)
N/A
N/A
N/A
170.62 M
N/A
N/A
(296.95 K)
N/A
Five Year Return
N/A
N/A
N/A
2.6
N/A
5.24
N/A
20.7
N/A
N/A
One Year Return
N/A
N/A
N/A
10.8
N/A
N/A
7.2
14.8
N/A
N/A
Beta
1.33
0.76
0.68
0.94
1.32
1.29
N/A
0.92
-0.3
N/A
Number Of Employees
213 K
N/A
N/A
1
2.93 K
N/A
N/A
7
N/A
N/A
Equity Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
N/A
99.84
N/A
N/A
Shares Outstanding
20.15 B
181.67 M
15.16 M
N/A
N/A
92.21 M
N/A
N/A
5.6 M
N/A
Three Year Return
N/A
N/A
N/A
2.1
N/A
N/A
N/A
25.9
N/A
N/A
Cash Flow From Operations
43.26 B
(2.01 M)
17.66 M
N/A
738 M
55.21 M
N/A
N/A
(49 K)
N/A
Annual Yield
0.022
N/A
N/A
N/A
0.0524
0.0483
N/A
N/A
N/A
N/A
Total Debt
32.1 B
2.6 M
N/A
N/A
7.68 B
992.49 M
N/A
N/A
19.2 K
N/A
Return On Equity
0.0809
N/A
-10.87
N/A
0.0477
-0.11
N/A
N/A
-0.28
N/A
Bond Positions Weight
N/A
N/A
N/A
97.03
N/A
N/A
N/A
N/A
N/A
N/A
Holdings Turnover
N/A
N/A
N/A
30.71
N/A
N/A
N/A
154.1
N/A
N/A
Return On Asset
0.0073
-16.93
-7.08
N/A
0.0273
0.0251
N/A
N/A
-0.15
N/A
Book Value Per Share
35.37
-0.025
4.02
N/A
24.88
4.43
N/A
N/A
0.056
N/A
Number Of Shares Shorted
N/A
9.76 K
N/A
N/A
8.1 K
735.89 K
N/A
N/A
130
N/A
Total Asset
3.18 T
237.08 K
N/A
430.05 M
21.59 B
1.72 B
N/A
642.76 M
164.39 K
N/A
Last Dividend Paid
0.98
N/A
N/A
0.065
1.05
0.18
N/A
0.042
N/A
N/A
Short Ratio
N/A
0.47
N/A
N/A
1.62
4.24
N/A
N/A
0.31
N/A
Debt To Equity
N/A
N/A
N/A
N/A
N/A
2.56
N/A
N/A
N/A
N/A
Target Price
N/A
N/A
N/A
N/A
N/A
3.86
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
14.74
N/A
N/A
52.87
19.95
N/A
N/A
N/A
N/A
Market Capitalization
498.16 B
19.98 M
48.83 M
N/A
N/A
338.42 M
N/A
549.94 M
280 K
N/A
Price To Earnings To Growth
2.06
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Earning
N/A
N/A
4.03
N/A
N/A
1.68
N/A
2.18
N/A
N/A
Price To Sales
5.26
1428.73
-8.15
N/A
N/A
3.49
N/A
N/A
N/A
N/A
Net Income
26.52 B
(2.04 M)
(7.51 M)
N/A
283 M
(114.23 M)
N/A
N/A
(51.33 K)
N/A
Earnings Per Share
1.47
-0.02
-0.45
N/A
0.89
-0.3
N/A
4.08
-0.01
N/A
Shares Owned By Insiders
N/A
31.83
N/A
N/A
N/A
12.43
N/A
N/A
42.85
N/A
Revenue
98.58 B
N/A
(5.99 M)
N/A
10.57 B
95.68 M
N/A
N/A
N/A
N/A
Working Capital
N/A
(2.37 M)
N/A
N/A
N/A
(92.8 M)
N/A
N/A
145.19 K
N/A
Ten Year Return
N/A
N/A
N/A
3.3
N/A
N/A
N/A
3.7
N/A
N/A
Cash And Equivalents
N/A
220.71 K
61.09 M
N/A
N/A
15.95 M
N/A
N/A
N/A
N/A
Cash Per Share
N/A
N/A
4.03
N/A
N/A
0.18
N/A
N/A
N/A
N/A
Gross Profit
92.41 B
(195.5 K)
(5.99 M)
N/A
2.87 B
68.98 M
N/A
N/A
N/A
N/A
Day Typical Price
24.4
0.11
2.58
19.51
19.08
3.67
21.3
18.54
0.05
11.76
Accumulation Distribution
0.0135
N/A
0.0231
0.0041
0.0172
0.0243
5.0E-4
0.0134
N/A
0.0135
Market Facilitation Index
0.33
N/A
0.06
0.08
0.33
0.09
0.01
0.25
N/A
0.16
Daily Balance Of Power
0.9394
9.2 T
1.333333
0.375
0.5758
0.6667
(5.00)
0.36
0.0
0.1875
Period Momentum Indicator
0.31
0.01
0.08
0.03
0.19
0.06
(0.05)
0.09
N/A
0.03
Rate Of Daily Change
1.01
1.1
1.03
1.0
1.01
1.02
1.0
1.0
1.0
1.0
Day Median Price
24.35
0.11
2.57
19.5
19.02
3.67
21.31
18.52
0.05
11.77
Price Action Indicator
0.31
0.005
0.07
0.055
0.26
0.035
(0.03)
0.13
N/A
(0.01)
Relative Strength Index
32.92
58.45
66.29
50.07
12.93
14.84
83.87
71.63
N/A
33.66
Coefficient Of Variation
525.1
(2,777)
1026.34
1297.74
21769.09
467.69
1030.89
2735.0
N/A
571.55
Mean Deviation
1.12
6.84
1.13
0.1879
0.5068
1.45
0.2414
1.17
N/A
0.418
Jensen Alpha
0.1933
(0.77)
0.228
0.0127
0.0069
0.544
0.0398
0.0045
N/A
0.0459
Total Risk Alpha
0.0441
(1.79)
(0.11)
(0.03)
(0.12)
0.131
(0.03)
(0.19)
N/A
(0.0007)
Sortino Ratio
0.1895
N/A
0.0187
(0.49)
(0.17)
0.2982
(0.22)
(0.04)
N/A
(0.07)
Downside Variance
0.9194
N/A
3.94
0.0522
0.5698
1.84
0.1921
3.05
N/A
0.2705
Standard Deviation
1.64
9.17
1.72
0.2364
0.7047
2.5
0.3472
1.5
N/A
0.5328
Kurtosis
10.31
(0.34)
2.2
0.1482
1.03
19.83
2.28
0.7764
N/A
0.6898
Potential Upside
2.5
15.38
3.24
0.41
1.15
3.95
0.5806
2.2
N/A
0.9483
Treynor Ratio
0.3344
(0.09)
(0.27)
(0.22)
0.0598
(3.38)
(0.18)
0.1342
N/A
0.2696
Maximum Drawdown
10.15
38.46
9.82
1.07
3.73
20.23
1.96
8.2
N/A
2.6
Variance
2.69
84.17
2.97
0.0559
0.4966
6.27
0.1206
2.26
N/A
0.2838
Market Risk Adjusted Performance
0.3444
(0.08)
(0.26)
(0.21)
0.0698
(3.37)
(0.17)
0.1442
N/A
0.2796
Risk Adjusted Performance
0.1514
(0.02)
0.0803
0.0367
0.0026
0.1709
0.0623
0.0329
N/A
0.1298
Skewness
2.43
0.2552
(0.01)
0.5242
(0.17)
3.54
(0.90)
(0.53)
N/A
0.1239
Semi Deviation
0.6478
N/A
1.27
0.1269
0.6658
0.7218
0.3407
1.64
N/A
0.3223
Information Ratio
0.1107
(0.05)
0.0215
(0.48)
(0.18)
0.1616
(0.28)
(0.05)
N/A
(0.07)
Value At Risk
(1.43)
(14.29)
(2.07)
(0.31)
(1.45)
(1.48)
(0.62)
(2.34)
N/A
(0.85)
Expected Short fall
(1.42)
N/A
(1.94)
(0.26)
(0.60)
(1.99)
(0.25)
(1.13)
N/A
(0.49)
Downside Deviation
0.9589
N/A
1.98
0.2284
0.7548
1.36
0.4383
1.75
N/A
0.5201
Semi Variance
0.4196
N/A
1.62
0.0161
0.4432
0.521
0.1161
2.68
N/A
0.1039

Bank of America Competition Performance Charts

Five steps to successful analysis of Bank of America Competition

Bank of America's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Bank of America in relation to its competition. Bank of America's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Bank of America in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Bank of America's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Bank of America, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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When determining whether Bank of America offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bank of America's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bank Of America Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bank Of America Stock:
How To Invest In Bank
Details
Is Bank Stock a good investment?
Details
What is Bank of America's Net Worth?
Details
Largest Diversified Banks Companies
View
Largest Banks - Diversified Companies
View
Check out Bank of America Correlation with its peers.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Bank of America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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