Bank of America Corp
NYSE:BAC

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Bank of America Corp
NYSE:BAC
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Price: 44.17 USD 1.82% Market Closed
Market Cap: 338.9B 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
339.6B USD
Industry
Banking
Economic Moat
Wide

Bank of America Corp., a behemoth in the financial services sector, has carved its niche by weaving a complex tapestry of banking operations that touch nearly every aspect of modern financial life. Founded in the early 20th century and headquartered in Charlotte, North Carolina, the company has grown from its roots as a regional player into a global powerhouse. This transformation was facilitated by a series of strategic acquisitions and mergers, including the pivotal acquisition of Merrill Lynch during the financial crisis of 2008. The move bolstered its presence in investment banking, providing a sturdy backbone to its diverse portfolio of services. Today, Bank of America operates through a well-oiled machinery of divisions, including retail banking, corporate, investment banking, and wealth management, each contributing to the overarching goal of financial superintendence. At the core of its revenue model lies a blend of interest income from loans and deposits, intertwined with non-interest income from service fees and advisory roles. Retail banking remains a cornerstone, serving millions of households with a spectrum of products from everyday checking accounts to mortgages. Meanwhile, its Global Wealth and Investment Management division caters to affluent clients, offering tailored solutions to grow and protect wealth, accentuated by the prestige of Merrill Lynch’s brokerage services. Corporate and investment banking, on the other hand, facilitates capital raising, mergers and acquisitions, and risk management for businesses of varying scales. These multifaceted operations not only generate substantial revenue streams from varied interest differentials and fees but also provide a solid foundation for sustainable growth in the ever-evolving finance landscape.

BAC Intrinsic Value
51.46 USD
Undervaluation 14%
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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