BAC-PQ
Price:
$18.78
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
2021-10-20
Stock Exchange
NYSE
Ticker
BAC-PQ
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.
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-PQ'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.
Average
18.88
Median
17.71
Minimum
1.53
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 = -92.38%
Minimum Annual Current Ratio = 1.53
Year | Current Ratio | Change |
---|---|---|
2023 | 1.53 | -92.38% |
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-PQ) 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’s Current Ratio is less than Bank of America Corporation (0.28), less than JPMorgan Chase & Co. (9.48), greater than Wells Fargo & Company (0.26), less than JPMorgan Chase & Co. (9.48), less than Bank of America Corporation (0.28),
Company | Current Ratio | Market cap |
---|---|---|
0.28 | $354.67B | |
9.48 | $688.91B | |
0.26 | $248.11B | |
9.48 | $677.28B | |
0.28 | $353.99B |
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What is the Current Ratio?
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How does the current Current Ratio for Bank of America Corporation (BAC-PQ) compare to its historical average?