# Bank of America Corporation (BAC)

> Bank of America takes deposits, makes loans, manages investments, and provides financial services to consumers, businesses, institutions, and governments.

- Exchange: NYSE · Sector: Financials · Industry: Banks Diversified
- Headquarters: Charlotte, North Carolina
- Founded: 1998 (present corporation; high confidence); predecessor roots date to 1904
- Employees: approximately 213,000 (December 31, 2025)
- SEC CIK: 0000070858 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000070858))
- Full page: https://inspectstocks.com/stocks/bac
- Data as of: price 2026-09-25; newest filing used 2026-07-31; latest fiscal period ended 2026-06-30

## Grade

**B** on the balance-sheet rubric used for lenders, 4 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | $33.7B |  |
| Earnings growing overall | passed | $33.7B | $29.8B |
| Earnings growing recently | passed | $33.7B | $30.5B |
| Earns well on its assets | failed | 1.0% |  |
| Book value per share growing | passed | $39.48 | $33.45 |

Business quality (the + / − mark): 6 of 8 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 27.8% |  |
| Healthy profit margin | passed | 27.8% |  |
| Good return on equity | failed | 11.1% |  |
| Debt under control | passed | 1.15 |  |
| Turns sales into cash | passed | 18.1% |  |
| Earns a wide spread on lending | failed | 1.8% |  |
| Runs the bank efficiently | passed | 59.4% |  |
| Credit losses well covered | passed | 4.4% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $121.1B |
| Net income, trailing twelve months | $33.7B |
| Net margin | 27.8% |
| Return on equity | 11.1% |
| Debt to equity | 1.15 |
| Diluted EPS, trailing twelve months | $4.34 |
| Share price | $56.70 |
| Market value | $396.5B |
| Price / earnings | 13.1x |
| Price / sales | 3.3x |

## What the business does

Bank of America operates through four main businesses: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It earns interest from loans and other assets, while paying interest to depositors and other funders; it also collects fees for services such as investment advice, payments, and investment banking, and earns revenue from trading for clients. Its customers include people, businesses, large companies, institutional investors, and governments.

### How it makes money

- **Consumer Banking** — Makes money from interest on consumer loans and fees for banking and card services, while also paying interest on deposits. Revenue was $11.3 billion (Q2 2026, high).
- **Global Wealth & Investment Management** — Earns investment management and brokerage fees, as well as interest on loans and deposits for wealth clients. Revenue was $6.9 billion (Q2 2026, high).
- **Global Banking** — Earns interest on loans to businesses and fees from deposit services, payments, debt and equity underwriting, and advice on company transactions. Revenue was $6.2 billion (Q2 2026, high).
- **Global Markets** — Earns revenue by trading and financing for institutional and corporate clients. Sales and trading revenue was $7.2 billion (Q2 2026, high); this is not the segment's total revenue.

### Products

- **Checking, savings, and payment accounts** — Bank accounts for individuals and businesses, used to hold money, receive payments, and make payments.
- **Credit cards and consumer loans** — Cards and loans for consumers, including credit card borrowing and home-equity lending.
- **Wealth advice and investment management** — Investment advice, brokerage services, and management of clients’ investments through Merrill and the Private Bank.
- **Business banking and treasury services** — Loans, deposit accounts, and services that help businesses manage cash, payments, and daily banking.
- **Investment banking** — Advice on company transactions and help raising money by issuing debt or shares.
- **Markets trading and financing** — Trading, financing, and risk-management services for companies and institutional investors in financial markets.

### Customers

- Individual consumers, who open accounts, use cards, borrow, and make payments.
- Small businesses, which use business accounts, loans, and payment and cash-management services.
- Middle-market businesses, which use lending, deposit, payment, and advisory services.
- Large corporations, which use business banking, loans, treasury services, investment banking, and markets services.
- Institutional investors, which use trading, financing, and investment services.
- Governments, which use banking and financial services.

### Competitors

- JPMorgan Chase & Co. (JPM) — Consumer and business banking, wealth management, investment banking, and markets services.
- Wells Fargo & Company (WFC) — Consumer and business banking, deposits, lending, and wealth services.
- Citigroup Inc. (C) — Consumer and business banking, corporate banking, investment banking, and markets services.
- The Goldman Sachs Group, Inc. (GS) — Investment banking, markets trading, and wealth management.
- Morgan Stanley (MS) — Wealth management, investment banking, and markets services.

### What it depends on

- The bank relies on customer deposits and access to capital markets to fund lending and other activities; sustained deposit outflows or higher borrowing costs could affect funding.
- The parent company depends on its subsidiaries for liquidity, and rules can restrict transfers of funds from subsidiaries to the parent.
- Its banking, lending, trading, and investment services are subject to extensive United States and international rules, examinations, and capital and liquidity requirements.
- Its operations depend on its own information systems and those of outside service providers, including systems used to protect customer information and process transactions.

### What could go wrong

- Economic, interest-rate, and financial-market changes can affect loan repayment, asset values, trading results, funding costs, and the amount of money the company must set aside for credit losses; the 10-K also identifies credit concentrations and housing-market weakness.
- A sustained loss of deposits, difficulty borrowing, or higher funding costs could affect liquidity; the parent company may also face limits on moving funds from its subsidiaries.
- Cybersecurity incidents, information-system failures, changing regulations, lawsuits, or regulatory actions could interrupt services, cause financial losses, or harm the company’s reputation.

## More on this company

- [Overview](https://inspectstocks.com/stocks/bac)
- [Financial statements](https://inspectstocks.com/stocks/bac/financials)
- [Competitors](https://inspectstocks.com/stocks/bac/peers)
- [Earnings](https://inspectstocks.com/stocks/bac/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.