012_뱅크 오브 아메리카|Bank of America|美国银行_2 (영어|English|英语)

Category	Description
Ticker	BAC
Company	Bank of America Corporation
Sector	Financial
Industry	Banks - Diversified
Country	USA
Market Cap	346.93B
Volume	57,953,018
Dividend%	2.4%(0.72$)
Website	www.bankofamerica.com

Company Introduction

Bank of America was founded in 1784 and is headquartered in Charlotte, North Carolina. As of April 2021, it is one of the largest U.S. financial institutions serving approximately 66 million consumer and small business customers through approximately 4,300 retail financial centers and has approximately 17,000 ATMs and a digital banking platform with 40 million active users.

 

Bank of America operates through four business segments: consumer banking, global wealth and investment management, global banking and global market. It provides banking, financial products and services to individual consumers, small businesses, institutional investors, large corporations and governments around the world.

Consumer Finance Sector: Credit, banking and investment products and services to individual clients and small businesses.

Global Wealth & Investment Management: high-quality services to clients through overall financial advisory network, including investment management, brokerage, banking and retirement products.

Global Banking Segment: loan-related products and services, integrated capital management and financial solutions, acquisitions and advisory services to clients.

Global Market Segments: trading services and research to institutional clients across fixed income, credit, currencies, commodities and equities.

Investment Point

1) Annual increasing dividend: As a dividend aristocrat stock, Bank of America has increased its dividend by 34% annually over the past 10 years from $0.04 per share in 2010 to $0.72 per share in 2020. Dividends are paid quarterly, usually in March, June, September and December.

2) No.2 of World's Best Portfolio: The World's Best Investor Warren Buffett's investment portfolio is published every quarter, so you can check the recent portfolio share and changes through https://whalewisdom.com/. For reference, the top 5 portfolios for the first quarter of 2021 were Apple (40%), Bank of America (14.45%), American Express (7.93%), Coca-Cola (7.8%), and Kraft Heinz (4.82%) which account for 75% of the total.

 

 

Past Revenue Trend

Bank of America is generating profits through banking and financial products; it has been experiencing a negative growth of -1% on average over the past five years.

l  Trailing 12 Months: Sum of the previous 12 months

l  Quarterly: quarterly results

l  YoY Quarterly Growth: Year-on-year growth rate

Past EPS Trend

Unlike sales, EPS deteriorated several years ago, then has grown at an average annual rate of 18% over the past five years.

l  EPS: Earning Per Share

Future Sales and EPS trends

Sales have stagnated in difficult circumstances at 2020. And sales are expected to grow at a CAGR of 4%, profit at 17%, and EPS at 22% over the next three years. In particular, the dividend per share is expected to grow 12% annually.

 

Stock price trend and target price

The average target price of Wall Street analysts is 44.17$ (highest price 52$, lowest price  34$), showing 10.01% upside potential. Moreover, 7 of 13 analysts gave a buy opinion. (As of August 9, 21)

For hedge funds, the number of shares held decreased by 32.3M from the previous quarter.

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