BANK OF AMERICA CORP /DE/ (BACRP)

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The GWIM segment offers solutions to meet clients’ needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 and is headquartered in Charlotte, NC.

Address

BANK OF AMERICA CORPORATE CENTER
CHARLOTTE, NC 28255

Founded

1904

Number of Employees

213,000

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
- $1,647 $3,766 $13,456 $10,378 $29,160 $7,903 $25,994 $6,378 $5,543 $6,898 $11,112
Average Price - $17.41 $15.46 $25.13 $28.72 $29.42 $31.46 $40.58 $41.37 $31.78 $36.05 $30.55
# Shares Purchased - 94,603 243,557 535,365 361,416 991,187 251,179 640,561 154,165 174,407 191,361 363,780
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - 118.2% 145.7% 51.2% 32.3% 29.2% 20.8% -6.4% -8.1% 19.6% 5.4% 24.4%
S&P 500 Return to Date - 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 85.2%
Excess Total Return - -54.8% -22.8% -78.5% -72.5% -63.9% -54.1% -38.0% -45.4% -11.8% -2.0% -60.8%
Quartile Rank
Percentile Rank - 63% 70% 56% 51% 51% 41% 40% 38% 60% 53% 58%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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