Rudolf Bless - Bank of America Chief Officer

BAC-PN Preferred Stock

USD 22.06 0.13 0.59%

Insider

Rudolf Bless is Chief Officer of Bank of America

Phone	704 386 5681
Web	https://www.bankofamerica.com

Bank of America Management Efficiency

Bank of America's management efficiency ratios could be used to measure how well Bank of America manages its routine affairs as well as how well it operates its assets and liabilities.

Compare Bank of America to Peers

Predict price of Bank of America

Bank of America has accumulated 275.98 B in total debt. Debt can assist Bank of America until it has trouble settling it off, either with new capital or with free cash flow. So, Bank of America's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bank of America sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bank to invest in growth at high rates of return. When we think about Bank of America's use of debt, we should always consider it together with cash and equity.

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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. Bank of America Corporation was founded in 1784 and is headquartered in Charlotte, North Carolina. Bank Of America operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 211225 people. Bank of America (BAC-PN) is traded on New York Stock Exchange in USA. It is located in Bank of America Corporate Center, Charlotte, NC, United States, 28255 and employs 216,823 people. Bank of America is listed under Banking category by Fama And French industry classification.

Management Performance

	Return On Equity	0.1
	Return On Asset	0.0089

Bank of America Leadership Team

Elected by the shareholders, the Bank of America's board of directors comprises two types of representatives: Bank of America inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank of America's management team and ensure that shareholders' interests are well served. Bank of America's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bank of America's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Rudolf Bless, Chief Officer
	Aditya Bhasin, Chief Officer
	Brian Moynihan, Chairman CEO
	Paul Donofrio, Vice Chairman
	Alastair Borthwick, Chief Officer
	Darrin Boland, Chief Officer
	James DeMare, Ex Markets
	Matthew Koder, Exec Banking
	Thomas Scrivener, Chief Exec
	Christopher Hyzy, Chief Officer

Bank Preferred Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right preferred stock is not an easy task. Is Bank of America a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

	Return On Equity	0.1
	Return On Asset	0.0089
	Profit Margin	0.30 %
	Operating Margin	0.34 %
	Current Valuation	(89.01 B)
	Shares Owned By Institutions	15.77 %
	Number Of Shares Shorted	302.12 K
	Price To Earning	9.47 X
	Revenue	94.95 B
	Gross Profit	92.41 B

Pair Trading with Bank of America

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of America position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of America will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bank Preferred Stock

0.67

Toronto Dominion Bank Fiscal Year End 5th of December 2024

Pair Corr

Moving against Bank Preferred Stock

0.65	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.59	WFC	Wells Fargo Aggressive Push	Pair Corr
0.51	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.5	NWG	Natwest Group PLC	Pair Corr
0.44	C	Citigroup Aggressive Push	Pair Corr

The ability to find closely correlated positions to Bank of America could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of America when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of America - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of America to buy it.

The correlation of Bank of America is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Bank of America can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Bank Preferred Stock

Bank of America financial ratios help investors to determine whether Bank Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bank with respect to the benefits of owning Bank of America security.

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