Bank of America Corporation

Bank of America Corporationverified

BAC

Price:

$47

Market Cap:

$360.63B

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

The Current Ratio as of November 2024 (TTM) for Bank of America Corporation (BAC) is 0.28

According to Bank of America Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.28. This represents a change of -66.31% compared to the average of 0.83 of the last 4 quarters.

Bank of America Corporation (BAC) Historical Current Ratio (quarterly & annually)

How has BAC Current Ratio performed in the past?

The mean historical Current Ratio of Bank of America Corporation over the last ten years is 18.88. The current 0.28 Current Ratio has changed 48.95% 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 2024 quarter at 0.28.

Quarterly (TTM)
Annual

Average

18.88

Median

17.71

Minimum

1.53

Maximum

36.37

Bank of America Corporation (BAC) Current Ratio by Quarter and Year

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 = -92.38%

Minimum Annual Current Ratio = 1.53

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.53-92.38%
202220.02-35.90%
202131.24-14.10%
202036.3779.65%
201920.24-18.66%
201824.8990.83%
201713.04-15.29%
201615.4012.91%
201513.639.60%
201412.4464.09%

Bank of America Corporation (BAC) Average Current Ratio

How has BAC Current Ratio performed in the past?

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

17.60

5-year avg

21.88

10-year avg

18.88

Bank of America Corporation (BAC) Current Ratio vs. Peers

How is BAC’s Current Ratio compared to its peers?

Bank of America Corporation’s Current Ratio is less than Citigroup Inc. (3.49), greater than Wells Fargo & Company (0.26), greater than The Toronto-Dominion Bank (0), greater than Royal Bank of Canada (0.18), less than JPMorgan Chase & Co. (9.48), greater than Nu Holdings Ltd. (0), less than HSBC Holdings plc (3.01), less than Canadian Imperial Bank of Commerce (1.80), greater than Bank of Montreal (0), less than The Bank of Nova Scotia (1.60), less than Credit Suisse Group AG (3.54),

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