BAC
Price:
$44.38
Market Cap:
$340.52B
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers i...[Read more]
Industry
Banks - Diversified
IPO Date
1973-02-21
Stock Exchange
NYSE
Ticker
BAC
According to Bank of America Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 6.24. This represents a change of 168.50% compared to the average of 2.32 of the last 4 quarters.
The mean historical Current Ratio of Bank of America Corporation over the last ten years is 18.73. The current 6.24 Current Ratio has changed 3.23% with respect to the historical average. Over the past ten years (40 quarters), BAC's Current Ratio was at its highest in in the December 2021 quarter at 31.22. The Current Ratio was at its lowest in in the September 2019 quarter at 0.88.
Average
18.73
Median
17.71
Minimum
0.04
Maximum
36.37
Discovering the peaks and valleys of Bank of America Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 90.83%
Maximum Annual Current Ratio = 36.37
Minimum Annual Increase = -99.79%
Minimum Annual Current Ratio = 0.04
Year | Current Ratio | Change |
---|---|---|
2023 | 0.04 | -99.79% |
2022 | 20.02 | -35.90% |
2021 | 31.24 | -14.10% |
2020 | 36.37 | 79.65% |
2019 | 20.24 | -18.66% |
2018 | 24.89 | 90.83% |
2017 | 13.04 | -15.29% |
2016 | 15.40 | 12.91% |
2015 | 13.63 | 9.60% |
2014 | 12.44 | 64.09% |
The current Current Ratio of Bank of America Corporation (BAC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
17.10
5-year avg
21.58
10-year avg
18.73
Bank of America Corporation’s Current Ratio is greater than Citigroup Inc. (3.49), greater than Wells Fargo & Company (0.06), greater than The Toronto-Dominion Bank (0), greater than Royal Bank of Canada (0), less than JPMorgan Chase & Co. (9.48), greater than Nu Holdings Ltd. (0), greater than HSBC Holdings plc (0), greater than Canadian Imperial Bank of Commerce (0), greater than Bank of Montreal (0), greater than The Bank of Nova Scotia (0), greater than Credit Suisse Group AG (3.54),
Company | Current Ratio | Market cap |
---|---|---|
3.49 | $134.28B | |
0.06 | $237.64B | |
0 | $92.75B | |
0 | $170.61B | |
9.48 | $682.19B | |
0 | $49.25B | |
0 | $176.87B | |
0 | $60.33B | |
0 | $70.66B | |
0 | $65.90B | |
3.54 | $3.50B |
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