BAC (Bank of America) Debt-to-Equity (2024)

What is Bank of America Debt-to-Equity?

Bank of America's for the quarter that ended in Jun. 2024 was $40,429 Mil. Bank of America's for the quarter that ended in Jun. 2024 was $290,474 Mil. Bank of America's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $293,892 Mil. Bank of America's debt to equity for the quarter that ended in Jun. 2024 was 1.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Bank of America's Debt-to-Equity or its related term are showing as below:

BAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9 Med: 1.04 Max: 1.22
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of Bank of America was 1.22. The lowest was 0.90. And the median was 1.04.

BAC's Debt-to-Equity is ranked worse than
69.03% of 1492 companies
in the Banks industry
Industry Median: 0.7 vs BAC: 1.13

Bank of America Debt-to-Equity Historical Data

The historical data trend for Bank of America's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bank of America Debt-to-Equity Chart

Bank of America Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity											Get a 7-Day Free Trial	1.00	1.03	1.13	1.11	1.15

Bank of America Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.15	1.15	1.15	1.14	1.13

Competitive Comparison of Bank of America's Debt-to-Equity

For the Banks - Diversified subindustry, Bank of America's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bank of America's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of America's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bank of America's Debt-to-Equity falls into.

Bank of America Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bank of America's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(	+	)	/	Total Stockholders Equity
	=	(32098	+	302204)	/	291646
	=	1.15

Bank of America's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(	+	)	/	Total Stockholders Equity
	=	(40429	+	290474)	/	293892
	=	1.13

Bank of America(NYSE:BAC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of and divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Bank of America Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Bank of America's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Bank of America Business Description

Industry

GURUFOCUS.COM »STOCK LIST »Financial Services » Banks » Bank of America Corp (NYSE:BAC) » Definitions » Debt-to-Equity

Comparable Companies

WFC C NTB JPM SHSE:601398 SHSE:601288 SHSE:601988 SHSE:601939 TSX:RY LSE:HSBA ASX:CBA TSE:8306 TSX:TD XSWX:UBSG TSE:8316 ASX:NAB XMAD:SAN SHSE:601328 ASX:WBC TSX:BMO

Traded in Other Exchanges

BACpS.PFD:USA BACpQ.PFD:USA BACpP.PFD:USA BACpO.PFD:USA BACpN.PFD:USA BACpM.PFD:USA BACpK.PFD:USA BACpB.PFD:USA BACRP.PFD:USA BMLpL.PFD:USA BMLpJ.PFD:USA BMLpH.PFD:USA BMLpG.PFD:USA BACpL.PFD:USA BACpE.PFD:USA BAC:Peru BAC:Mexico BAC_KZ:Kazakhstan 1BAC:Italy NCBd:UK 0Q16:UK NCB0:Germany NCB:Germany NCB:Germany NCB:Germany NCB:Germany BAC:Chile BOFA:Canada BOAC34:Brazil BOAC:Austria

Address

100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255

Website

https://www.bankofamerica.com

Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.

Executives

Thomas D Woods	director	100 NORTH TRYON STREET, CHARLOTTE NC 28255
James P Demare	officer: President, Global Markets	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Dean C Athanasia	officer: Pres Prf & Sm Bs Bk & Co-Hd CB	100 FEDERAL STREET, BOSTON MA 02110
Lindsay D. Hans	officer: Pres, Merrill Wealth Mgmt	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Eric A. Schimpf	officer: Pres, Merrill Wealth Mgmt	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Matthew M Koder	officer: Pres, Gl Corp & Invest Banking	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Jose E Almeida	director	ONE BAXTER PARKWAY, DEERFIELD IL 60015
Andrew M. Sieg	officer: Pres, Merill Lynch Wlth Mgmt	100 N TRYON STREET, CHARLOTTE NC 28255
Frank P Bramble	director
Bruce R. Thompson	officer: Vice Chair, Head Ent Credit	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Alastair M Borthwick	officer: Pres, Global Com Banking	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Aditya Bhasin	officer: Chief Tech & Info Officer	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Lauren A Mogensen	officer: Global Compl & Op Risk Exec	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Thomas M Scrivener	officer: Chief Operations Executive	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Bernard A Mensah	officer: President, International	100 NORTH TRYON STREET, CHARLOTTE NC 28255