# Bank of America Corporation (BAC-PP)

> Source: Nexqual · https://nexqual.com/BAC-PP · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Bank of America Corporation (BAC-PP), nexqual.com/BAC-PP" · informational, not investment advice.

**Price:** USD 14.78 (+0.41% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 14.72 · day 14.67–14.78 · 52w 14.62–17.63 · market cap null · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $121B, net income $33.7B (27.8% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $6.7M; 1 not under a Rule 10b5-1 plan ($6.7M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: None.
- Total return with dividends: 1Y -10.3% vs S&P 500 +13.4%; 5Y -23.0% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $89.1B | $95.0B | $103B | $106B | $113B | $121B |
| Net income | $32.0B | $27.5B | $26.3B | $27.0B | $30.5B | $33.7B |
| EPS (diluted) | $3.57 | $3.19 | $3.05 | $3.19 | $3.81 | — |
| Net margin | 35.9% | 29.0% | 25.6% | 25.5% | 27.0% | 27.8% |
| Revenue growth | +4.2% | +6.6% | +8.2% | +3.0% | +6.8% | — |
| Cash + short-term investments | $348B | $230B | $333B | $290B | $232B | — |
| Total debt | $280B | $286B | $315B | $307B | $338B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)

P/E at fiscal year-ends: Dec 2025 4.3x, Dec 2024 5.4x, Dec 2023 5.7x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-05 | Greener Geoffrey S | Chief Risk Officer | 126,756 | $6.7M | 8.4% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -10.3% | -23.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -10.3% | -5.1% |
| Volatility (annualized) | 8.9% | 15.4% |
| Max drawdown | -11.8% (Feb 2026→Oct 2026) | -34.9% (Dec 2021→Oct 2022) |

## Peers (Banks - Diversified)
JPM (JP Morgan Chase & Co.) USD 331.58 -1.47% · HSBC (HSBC Holdings, plc.) USD 90.68 -1.32% · RY (Royal Bank Of Canada) USD 201.17 -0.44% · WFC (Wells Fargo & Company) USD 82.39 -0.75% · MUFG (Mitsubishi UFJ Financial Group,) USD 21.07 -1.59% · TD (Toronto Dominion Bank (The)) USD 124.61 -0.41%

## More
Full page: https://nexqual.com/BAC-PP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BAC-PP's own 10-K filed 2026-02-25 (https://www.sec.gov/Archives/edgar/data/70858/000007085826000157/bac-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Bank of America | "Bank of America has always been the bank of opportunity for our shareholders, our clients and customers, our communities and our teammates." |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $97.69B | 86.4% | +5.7% |
| Non Us | $15.41B | 13.6% | +14.8% |
| — EMEA (part of Non Us) | $7.56B | 6.7% | +16.3% |
| — Asia (part of Non Us) | $6.00B | 5.3% | +15.8% |
| — Latin America (part of Non Us) | $1.84B | 1.6% | +6.1% |
| Total revenue | $113.10B | 100% | — |

## Company outlook (8-K filed 2026-10-14)

- "See Endnote F on page 10 for more information. 5 VaR model uses a historical simulation approach based on three years of historical data and an expected shortfall methodology equivalent to a 99% confidence level."
- "Retail Banking Advice Satisfaction Study measures customer satisfaction with retail bank advice / guidance in the past 12 months."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | — | — | — | $30.46B | — |
| Next quarter (ends 2027-03-31) | — | — | — | $31.88B | — |
| Current fiscal year (ends 2026-12-31) | — | — | — | $122.77B | — |
| Next fiscal year (ends 2027-12-31) | — | — | — | $130.23B | — |