# Bank of America Corporation (BAC) — Stock CV

Bank of America Corporation is a $380B financial services company. Revenue grew 15.9% over the last year, and it keeps 28¢ of every dollar of sales as profit. It trades at 11.3× earnings — around the middle of its own history.

> Bank of America is a formidable financial titan with a $3.5 trillion balance sheet and a cornerstone of the American economy, holding the second-largest deposit market share in the United States.

## Identity

- **Ticker**: BAC
- **Sector**: Financial Services
- **Industry**: Banks
- **Headquarters**: CHARLOTTE, NC
- **Employees**: 213 000
- **Website**: https://www.bankofamerica.com
- **Market cap**: $380B
- **Last price**: $54.40
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $121B
- **Net income**: $33.7B
- **Free cash flow**: $94.7B
- **Net debt**: $86.0B
- **P/E**: 11.3
- **Revenue growth (YoY)**: 15.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 67 |
| Growth | 37 |
| Profitability | 67 |
| Health | 48 |
| Quality | 55 |
| Moat | 25 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +15.9% YoY
- [x] Profitable — $33.7B TTM
- [x] Profit growing — +5.6% YoY
- [x] Generates cash — $94.7B TTM
- [x] Debt under control — ~0.9y of cash flow to repay
- [x] Established company — $380B market cap
- [x] Not printing shares — -12.7% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — Altman Z 0.1 — distress
- [x] Pays a dividend — yield 2.57%
- [x] Valuation not extreme — P/E 11.3

## Experience (career milestones)

- **2026** — Bank of America entered into a joint venture agreement with Jio Financial Services to acquire up to…
- **FY2021** — Best year on record: $32.0B net income
- **FY2020** — Became debt-free: cash now exceeds total debt
- **FY2019** — Revenue crossed $100B: $114B for the year
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $50B: $83.7B in first reported year
- **2008** — Through a series of mergers and acquisitions, it built upon its commercial banking business by establishing Merrill…
- **Sep 14, 2007** — Bank of America won approval from the Federal Reserve to acquire LaSalle Bank Corporation…
- **2006** — Bank of America and Banco Itaú (Investimentos Itaú S.A.) entered into an acquisition agreement, through…
- **2005** — Bank of America acquired a 9% stake in China Construction Bank, one of the Big Four banks in China, for…
- **1998** — NationsBank of Charlotte acquired BankAmerica in 1998 in what was the largest bank acquisition in history at that time
- **1983** — Bank of America expanded outside California, through acquisition of Seafirst Corporation in Seattle and its…
- **1958** — New technologies enabled the direct linking of credit cards with individual bank accounts, so that, in 1958, the…
- **1922** — Headquartered in San Francisco, California, Giannini acquired Banca d'America e d'Italia in 1922 and eventually did…
- **1874** — Commercial National Bank was founded in Charlotte

## Strengths

- Strongly profitable — 27.8% net margin
- Revenue growing 15.9% year over year
- Strong cash conversion — FCF is 78.2% of revenue

## Watch-outs

- Altman Z-Score 0.13 — elevated financial-distress risk

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $89.1B | $32.0B | -$7.19B |
| FY2022 | $95.0B | $27.5B | -$6.33B |
| FY2023 | $98.6B | $26.5B | $45.0B |
| FY2024 | $102B | $27.1B | -$8.80B |
| FY2025 | $113B | $30.5B | $12.6B |

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Source: https://stockcv.com/BAC — derived from company filings; may be delayed or incomplete. Information, not investment advice.