Bank Historical Balance Sheet

BAC Stock  USD 47.00  0.54  1.16%   
Trend analysis of Bank of America balance sheet accounts such as Short Long Term Debt Total of 285.8 B, Total Current Liabilities of 900.4 B or Total Stockholder Equity of 166.8 B provides information on Bank of America's total assets, liabilities, and equity, which is the actual value of Bank of America to its prevalent stockholders. By breaking down trends over time using Bank of America balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Bank of America latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Bank of America is a good buy for the upcoming year.

Bank of America Inventory

(72.25 Billion)

  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

About Bank Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Bank of America at a specified time, usually calculated after every quarter, six months, or one year. Bank of America Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of America and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Bank currently owns. An asset can also be divided into two categories, current and non-current.

Bank of America Balance Sheet Chart

At present, Bank of America's Retained Earnings are projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 343.8 B, whereas Total Assets are forecasted to decline to about 1.7 T.

Total Assets

Total assets refers to the total amount of Bank of America assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Bank of America books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Bank of America balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Bank of America are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most accounts from Bank of America's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Bank of America current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.At present, Bank of America's Retained Earnings are projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 343.8 B, whereas Total Assets are forecasted to decline to about 1.7 T.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total303.9B302.9B334.3B285.8B
Total Assets3.2T3.1T3.2T1.7T

Bank of America balance sheet Correlations

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0.920.75-0.06-0.030.810.090.470.490.2-0.340.830.840.810.230.520.060.90.820.30.270.430.41-0.120.020.38
0.80.880.160.120.810.330.40.470.31-0.530.670.710.70.370.60.10.80.990.370.510.470.450.24-0.010.24
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-0.6-0.180.41-0.38-0.34-0.530.31-0.67-0.72-0.63-0.39-0.130.01-0.26-0.380.23-0.63-0.52-0.57-0.320.280.290.07-0.410.21
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0.690.730.230.060.840.710.310.190.240.16-0.130.620.870.420.440.270.670.730.290.430.670.640.2-0.110.23
0.560.880.44-0.240.810.70.51-0.010.06-0.140.010.710.870.260.510.290.530.690.020.450.860.850.29-0.20.53
0.190.270.150.610.230.370.30.290.150.56-0.26-0.060.420.26-0.16-0.140.190.360.570.740.330.30.16-0.33-0.44
0.480.660.10.060.520.60.030.170.430.16-0.380.590.440.51-0.160.220.470.630.30.290.360.350.20.220.13
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1.00.55-0.30.10.90.8-0.170.680.70.4-0.630.780.670.530.190.47-0.080.810.440.20.070.05-0.220.280.22
0.820.870.150.160.820.990.310.40.480.33-0.520.660.730.690.360.630.10.810.40.490.450.430.230.00.19
0.430.13-0.480.910.30.37-0.390.790.780.97-0.570.110.290.020.570.3-0.320.440.40.57-0.1-0.14-0.30.13-0.71
0.210.530.20.530.270.510.360.280.260.51-0.320.130.430.450.740.29-0.150.20.490.570.520.50.34-0.15-0.28
0.110.780.74-0.20.430.470.72-0.36-0.25-0.270.280.370.670.860.330.360.40.070.45-0.10.521.00.55-0.40.38
0.090.770.75-0.240.410.450.72-0.38-0.27-0.30.290.380.640.850.30.350.410.050.43-0.140.51.00.56-0.380.42
-0.210.410.76-0.21-0.120.240.7-0.61-0.45-0.340.07-0.050.20.290.160.20.39-0.220.23-0.30.340.550.56-0.230.18
0.26-0.23-0.31-0.050.02-0.01-0.430.280.410.16-0.410.33-0.11-0.2-0.330.22-0.170.280.00.13-0.15-0.4-0.38-0.230.04
0.240.410.38-0.910.380.240.34-0.35-0.26-0.750.210.590.230.53-0.440.130.350.220.19-0.71-0.280.380.420.180.04
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Bank of America Account Relationship Matchups

Bank of America balance sheet Accounts

201920202021202220232024 (projected)
Total Assets2.4T2.8T3.2T3.1T3.2T1.7T
Short Long Term Debt Total386.6B399.1B303.9B302.9B334.3B285.8B
Other Current Liab(24.2B)(19.3B)(23.8B)(26.9B)(32.1B)(30.5B)
Total Current Liabilities24.2B19.3B23.8B26.9B857.5B900.4B
Total Stockholder Equity264.8B272.9B270.1B273.2B291.6B166.8B
Property Plant And Equipment Net10.6B11B10.8B11.5B11.9B9.4B
Net Debt96.4B(104.8B)(51.5B)65.5B(7.1B)(6.8B)
Retained Earnings156.3B164.1B188.1B207.0B224.7B235.9B
Cash168.7B387.0B355.4B237.5B327.5B343.8B
Non Current Assets Total781.5B963.7B1.3T1.2T2.8T3.0T
Non Currrent Assets Other(781.5B)(963.7B)(1.3T)(1.2T)(1.1T)(1.0T)
Cash And Short Term Investments414.3B621.5B654.5B458.3B327.5B279.3B
Net Receivables55.9B64.2B72.7B67.4B96.7B51.2B
Common Stock Shares Outstanding9.4B8.8B8.6B8.2B8.1B6.6B
Liabilities And Stockholders Equity2.4T2.8T3.2T3.1T3.2T1.7T
Non Current Liabilities Total240.9B262.9B280.1B2.5T2.8T3.0T
Other Current Assets1.3T1.2T1.2T133.8B981.0B762.1B
Other Stockholder Equity23.4B24.5B(5.1B)(21.2B)(24.3B)(23.1B)
Total Liab2.2T2.5T2.9T2.8T2.9T1.5T
Property Plant And Equipment Gross9.2B9.9B10.6B11B12.7B9.1B
Total Current Assets490.0B702.7B742.0B539.3B1.3T1.4T
Short Term Debt24.2B19.3B23.8B26.9B32.1B50.1B
Common Stock Total Equity91.7B86.0B62.4B59.0B67.8B94.8B
Accumulated Other Comprehensive Income(6.6B)(1.7B)(5.1B)(21.2B)(17.8B)(16.9B)
Common Stock91.7B86.0B62.4B59.0B56.4B93.5B
Other Liab5.3B11.1B6.7B5.6B5.1B4.8B
Accounts Payable182.8B181.8B2.1T224.1B201.7B352.2B
Other Assets1.2T1.2T1.1T1.3T(952.7B)(905.0B)
Long Term Debt240.9B262.9B280.1B276.0B302.2B282.8B
Short Term Investments245.6B234.5B299.2B220.8B266.6B236.1B
Inventory285M164M130M170M(68.8B)(72.2B)
Preferred Stock Total Equity23.4B24.5B24.7B28.4B32.7B17.3B
Intangible Assets1.7B1.6B2.2B2.1B400M380M
Property Plant Equipment10.6B11B10.8B11.5B13.2B11.1B
Retained Earnings Total Equity156.3B164.1B188.1B207.0B238.1B250.0B
Net Tangible Assets195.9B204.0B176.3B204.2B234.8B192.0B
Long Term Debt Total362.4B379.8B280.1B276.0B248.4B297.6B
Long Term Investments702.0B883.7B1.2T1.2T1.0T968.6B
Non Current Liabilities Other165.1B170.3B192.3B195.6B176.1B159.2B

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of America. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of America listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
0.98
Earnings Share
2.76
Revenue Per Share
11.95
Quarterly Revenue Growth
(0.01)
The market value of Bank of America is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of America's value that differs from its market value or its book value, called intrinsic value, which is Bank of America's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of America's market value can be influenced by many factors that don't directly affect Bank of America's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.