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Bank of America's market capitalization has fluctuated over the years, reaching a peak of $2.44 trillion in February 2022.
The bank's market cap has been influenced by factors such as economic conditions, regulatory changes, and investor sentiment.
In 2009, Bank of America's market cap was around $150 billion, a significant decrease from its 2007 peak of $250 billion.
The bank's market capitalization has continued to grow, driven by its recovery efforts and strategic initiatives.
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Market Cap Overview
Bank of America's market cap has increased significantly since 1998, with a whopping 205.36% growth.
This translates to a compound annual growth rate of 4.37%, a remarkable achievement over the past two decades.
The market cap has risen from $112.60B to $343.82B since December 1, 1998, a substantial increase that reflects the bank's growth and stability.
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Historical Data
Bank of America's market capitalization has experienced significant fluctuations over the years. The data shows that since December 1, 1998, the market cap has increased from $112.60B to $343.82B, an increase of 205.36%.
The market cap has grown at a compound annual growth rate of 4.37%. This steady growth is a testament to the bank's financial stability and resilience.
Here's a breakdown of the yearly evolution of Bank of America's market cap:
Calendar
Let's take a look at the calendar for Bank of America's earnings reports. We can see that they release their earnings reports on a quarterly basis, with the first report of the year typically coming in around April.
The estimated earnings per share for these reports are quite interesting, with the Q4 2024 earnings release estimated at $0.773 USD.
Here's a breakdown of the estimated earnings per share for each quarter:
It's worth noting that the estimated earnings per share for Q2 2026 is significantly higher than the previous quarters, at $1.100 USD.
Market Capitalization History
Bank of America's market capitalization has seen significant fluctuations over the years. The company's market cap has increased from $112.60B to $343.82B since December 1, 1998, an impressive growth of 205.36%.
This growth can be attributed to a compound annual growth rate of 4.37%. To put this into perspective, if you had invested $100 in Bank of America in 1998, it would be worth over $245 today.
Here's a breakdown of Bank of America's market capitalization history:
The market capitalization has fluctuated significantly over the years, with the highest point being $416.91B in 2007 and the lowest point being $52.17B in 2009.
Financial Analysis
Bank of America Corp's financials paint a picture of a massive institution. The bank's total assets come out to $3.1 trillion, with a significant chunk of that being investments at $1.7 trillion.
Net loans account for a substantial portion of the bank's assets, totaling $1.1 trillion. This is a key area of focus for Bank of America, as it indicates the bank's lending activities and revenue streams.
The bank's property, plant, and equipment (PP&E) is relatively small in comparison, at $12.2 billion. This suggests that Bank of America's operations are largely intangible and digital.
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Intangible assets, such as software and trademarks, make up a significant portion of the bank's total assets, at $69 billion. This is a key area of investment for the bank, as it seeks to stay ahead of the curve in terms of technology and innovation.
Other assets, including cash and securities, come out to $365.1 billion. This provides the bank with a liquidity buffer and a means of generating returns on its excess capital.
On the liability side of the balance sheet, Bank of America has a significant amount of deposits, totaling $2 trillion. This is a key source of funding for the bank, as it allows it to finance its lending activities and other operations.
The bank also has a substantial amount of debt, with short-term debt totaling $375.1 billion and long-term debt coming in at $283.3 billion. This provides the bank with a means of financing its operations and investing in new opportunities.
Here's a breakdown of Bank of America's key assets and liabilities:
BAC Price Targets Summary
The average 1-year price target for BAC is 51.832 USD. This is based on the consensus of Wall Street analysts.
According to the data, the low forecast for BAC's 1-year price target is 34.239 USD. This suggests that some analysts are more pessimistic about the company's future performance.
The high forecast for BAC's 1-year price target is 61.95 USD. This indicates that some analysts are very optimistic about the company's prospects.
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Frequently Asked Questions
What is the valuation of the Bank of America?
The market capitalization of Bank of America is $338.91 billion. This valuation represents the total value of the company's outstanding shares.
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