Bank of America Corp
NYSE:BAC

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Bank of America Corp
NYSE:BAC
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Price: 46.75 USD 1.85% Market Closed
Market Cap: 358.7B USD
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Bank of America Corp
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
|

Bank of America Corp
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
Bank of America Corp
NYSE:BAC
Tax Provision
-$1.7B
CAGR 3-Years
3%
CAGR 5-Years
22%
CAGR 10-Years
-4%
JPMorgan Chase & Co
NYSE:JPM
Tax Provision
-$15.3B
CAGR 3-Years
-8%
CAGR 5-Years
-14%
CAGR 10-Years
-4%
Wells Fargo & Co
NYSE:WFC
Tax Provision
-$3.2B
CAGR 3-Years
11%
CAGR 5-Years
7%
CAGR 10-Years
11%
Citigroup Inc
NYSE:C
Tax Provision
-$3B
CAGR 3-Years
20%
CAGR 5-Years
9%
CAGR 10-Years
9%
US Bancorp
NYSE:USB
Tax Provision
-$1.3B
CAGR 3-Years
15%
CAGR 5-Years
4%
CAGR 10-Years
4%
No Stocks Found

Bank of America Corp
Glance View

Market Cap
359.4B USD
Industry
Banking

Bank of America Corp., one of the largest financial institutions in the United States, operates as a multifaceted banking entity that serves millions of customers worldwide. Founded in 1904, the bank has evolved through strategic acquisitions, including the purchase of Merrill Lynch, which expanded its reach into investment and wealth management services. Bank of America stands out for its strong retail banking presence, delivering a wide array of products—from checking and savings accounts to mortgages and loans—which cater to both individual consumers and small businesses. With its robust digital banking platform, the bank has embraced technology to enhance customer experiences, making it easier for clients to access services conveniently from their devices, thereby staying competitive in a rapidly changing financial landscape. For investors, Bank of America presents a compelling opportunity as it combines stability with growth potential. The bank has demonstrated resilience in various market conditions, showcasing a solid financial performance characterized by steady revenue growth, improving efficiency ratios, and a consistent return on equity. With a focus on managing costs and continuing to innovate its service offerings, Bank of America is well-positioned to navigate economic fluctuations. Furthermore, the bank's commitment to returning capital to shareholders through dividends and share buybacks strengthens its appeal as an investment choice. As the financial services sector continues to evolve, Bank of America's strategic initiatives and strong positioning could deliver sustained financial health and attractive long-term returns for investors looking to gain exposure to the banking sector.

BAC Intrinsic Value
53.64 USD
Undervaluation 13%
Intrinsic Value
Price

See Also

What is Bank of America Corp's Tax Provision?
Tax Provision
-1.7B USD

Based on the financial report for Sep 30, 2024, Bank of America Corp's Tax Provision amounts to -1.7B USD.

What is Bank of America Corp's Tax Provision growth rate?
Tax Provision CAGR 10Y
-4%

Over the last year, the Tax Provision growth was 36%. The average annual Tax Provision growth rates for Bank of America Corp have been 3% over the past three years , 22% over the past five years , and -4% over the past ten years .

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