bank of america quick ratio

. The company's trailing twelve month (TTM) PEG ratio is the P/E . Click here to check it out. Compare BAC With Other Stocks This ratio was nicknamed quick to describe the "quick assets" needed to pay down any current liabilities. Please enter Portfolio Name for new portfolio. In this article I look at the five-year fundamental track records of the big four banks: JPMorgan ( JPM ), Bank of America ( BAC ), Citigroup ( C) and Wells Fargo ( WFC ). ET Tracing Bank of America's history through the three biggest. Bank Of America Quick Ratio 2010-2022 | BAC Prices Financials Revenue & Profit Assets & Liabilities Margins Price Ratios Other Ratios Other Metrics Current Ratio Quick Ratio Debt/Equity Ratio ROE ROA ROI Return On Tangible Equity Historical quick ratio values for Bank Of America (BAC) over the last 10 years. Bank of America 32.44 -0.30 -0.92% General Chart News & Analysis Financials Technical Forum Financial Summary Income Statement Balance Sheet Cash Flow Ratios Dividends Earnings BAC Ratios. There is a big. Fiscal year is January - December. Bank of America Corporation ( BAC) reported mixed Q4 FY 2021 earnings results. The Quick Ratio, also known as the acid-test ratio, is a solvency metric used to determine a firm's ability to pay down current liabilities with its cash, short term equivalents, and accounts receivables. It operates through the following segments: Consumer. Compare BAC With Other Stocks From: To: Popular Screeners Screens. Read full definition. The debt-to-limit ratio, also called credit utilization ratio, measures how much of your total available credit you're using. Value Screeners. The Camels Ratio System is brought to light and utilized to point out the different highlights in the Bank of America's financial status of the past 10 years. No credit card required. Be sure to check out our other listings to see all of the Peterbilt 579's we have for sale. While total ranking remained unchanged compare to previous quarter at no. Bank of America's . Africa is the world's second-largest and second-most populous continent, after Asia in both cases. Biggest Companies Most Profitable Best Performing Worst Performing 52-Week Highs 52 . Global Wealth & Investment Management, comprising Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management, offers wealth structuring, trust and banking needs and specialty asset management services. Values delayed up to 15 minutes Day Range 37.56 - 37.86 52-Week Range 29.32 - 50.11 Profile. 100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255. Bank of America subsequently faced a number of state and federal lawsuits regarding claims that it had defrauded investors. Bank of America's operated at median fixed asset turnover of 5.7x from fiscal years ending December 2017 to 2021. Start My Free Trial This ratio was nicknamed quick to describe the "quick assets" needed to pay down any current liabilities. CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. Global Markets offers sales & trading, market-making, financing, securities clearing, settlement and custody, and risk-management services. Then tap "Settings" or "Manage Settings" and follow the instructions. Dividend Aristocrats Dividend Challengers Dividend Contenders Minimum 3% Yield Minimum 4% Yield Minimum 5% Yield Low Payout Ratio Undervalued Monthly Payers. The Quick Ratio, also known as the acid-test ratio, is a solvency metric used to determine a firm's ability to pay down current liabilities with its cash, short term equivalents, and accounts receivables. Ratios and Metrics ( Annual) Market cap in millions USD. The debt-to-limit ratio is the second biggest factor, behind payment history, in calculating credit scores. Please note, not all equities are covered by this module due to inconsistencies . Within Commercial Banks industry Bank Of America Corporation booked the highest Quick Ratio than Bank Of America in the third quarter 2022. Certain links may direct you away from Bank of America to an unaffiliated site. Access 4000+ stock metrics covering valuations, financials, risk, returns and more. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Bank of America Corporation (BAC) NYSE - NYSE Delayed Price. Please check your download folder. This feature is only available for Premium Members, please sign up for. . Performance Summary Bank of America's latest twelve months fixed asset turnover is 4.4x. Bank of America's fixed asset turnover for fiscal years ending December 2017 to 2021 averaged 6.4x. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Total assets of Bank of America 2009-2021. According to Bank of America 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.3281 . It is calculated by adding total cash and equivalents, accounts receivable, and the marketable investments of the company and then dividing it by its total current liabilities. Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. Regardless of the sequential decrease in Current Liabilities, Quick Ratio detoriated to, Quick Ratio third quarter 2022 Company Ranking, Companies with similar Quick Ratio in the quarter ending Sep 30 2022, within Commercial Banks Industry. In January 2009 Bank of America announced that it would receive $20 billion in U.S. government aid and an additional $118 billion in guarantees against bad assets incurred as a result of the acquisition of Merrill Lynch. Ratios & Margins Bank of America Corp. All values updated annually at fiscal year end Valuation P/E Ratio (TTM) 10.27 P/E Ratio (including extraordinary items) 10.23 Price to Sales Ratio. USD | Price Target Upside/Downside According to analysts' consensus price target of $44.68, Bank of America has a forecasted upside of 19.7% from its current price of $37.33. Bank of America . World's Best Bank for Payments and Treasury Euromoney, 2022 95% of the U.S. Fortune 1,000; and 74% of the Global Fortune 500 served by Global Banking businesses 44K Global Banking clients with operations in approximately 35 countries 1.8M CashPro App sign-ins Rolling 12 months as of June, 2022 BAC has been successfully added to your Stock Email Alerts list. Bank of America Corp BAC.N Official Data Partner Latest Trade 37.7 USD 0.09 +0.24% As of Nov 25 2022. CFU (Bank of America) Quick Ratio as of today (December 07, 2022) is . Compare the average quick ratio of Intel INTC, Bank of America BAC and McDonald's MCD. With total assets worth $3.07 trillion as of Sep 30, 2022, it provides a diverse range of banking and non-banking financial services and products through 3,932 financial centers and 15,572. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. Quick Ratio third quarter 2022 Comment: Regardless of the sequential decrease in Current Liabilities, Quick Ratio detoriated to 0.47 above company average Quick Ratio. Currency in USD Follow 2W 10W 9M 32.38 -0.06 (-0.18%) At close: December 9 04:00PM EST 32.35 -0.03 (-0.09%) After hours: Dec 9,. Bank of America's quick ratio for fiscal years ending December 2017 to 2021 averaged 0.3x. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Looking back at the last five years, Bank of America's quick ratio peaked in December 2020 at 0.4x. Real estate news with posts on buying homes, celebrity real estate, unique houses, selling homes, and real estate advice from realtor.com. All Other comprises ALM activities, equity investments, the international consumer card business, liquidating businesses, etc. This ratio was nicknamed quick to describe the "quick assets" needed to pay down any current liabilities. GuruFocus has detected 1 Severe Warning Sign with BAC. Get comparison charts for value investors! Disclaimers: GuruFocus.com is not operated by a broker or a dealer. Dividend Aristocrats Dividend Challengers Dividend Contenders Minimum 3% Yield Minimum 4% Yield Minimum 5% Yield Low Payout Ratio Undervalued Monthly Payers. The quick ratio, also known as the acid test ratio, measures the ability of the company to repay the short-term debts with the help of the most liquid assets. Earnings per share (EPS) surpassed analyst expectations, rising 39.0% year over year (YOY). Start your Free Trial. NEO | The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings. Lenders generally want credit card balances to be less than 30 percent of credit limits. Get comparison charts for value investors! The information on this site is in no way guaranteed for completeness, accuracy or in any other way. All Rights Reserved. Dec 09, 16:00. It's used to help gauge a. You must always have $1,000 in the HSA checking account. Bank of America Corp. is one of the largest financial holding companies in the U.S. Bank Of America current ratio for the three months ending September 30, 2022 was . BAC has been removed from your Stock Email Alerts list. Access 4000+ stock metrics covering valuations, financials, risk, returns and more. Within Financial sector 493 other companies The different aspects regarding the . It is also known as the acid test ratio as it tests the ability of a company to convert its quick assets into instant cash. You'll receive the money in minutes. each ratio value is given a score ranging from -2 and +2 depending on its position relative to the quartiles (-2 - below the first quartile; -1 - between the first and the second quartile; +1 - between the second and the third quartile; +2 - above the third quartile; 0 - the ratio value deviates from the median by no more than 5% of the Quick assets include cash and assets that can be converted to cash in a short time, which usually means within 90 days. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America Corporation key financial stats and ratios If you want to check out BAC market capitalization, P/E Ratio, EPS, ROI, and other financial ratios, this page is your go-to hub. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does U.S. Trust private bank. Only PremiumPlus Member can access this feature. The Quick Ratio, also known as the acid-test ratio, is a solvency metric used to determine a firm's ability to pay down current liabilities with its cash, short term equivalents, and accounts receivables. Accounts Receivable turnover ratio remained unchanged compare to previous quarter at 0.09 below company average. Your home equity line of credit made easy Start online Submit your secure application online - there's no fee and no obligation, and it only takes about 15 minutes. Global Banking, including Global Corporate Banking, Global Commercial Banking, Business Banking and Global Investment Banking, provides lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Bank Of America Quick Ratio 2010-2022 | BAC. Currently, Bank of America Corporation has a PEG ratio of 1.65 compared to the Banks - Major Regional industry's PEG ratio of 1.35. With 1.4 billion people as of 2021, it accounts for about 18% of the world's human population.Africa's population is the youngest amongst all the . At the time of India's Independence in 1947, UBI . It has 5 business units: Consumer Banking, comprising Deposits & Consumer Lending businesses, provides credit, banking and investment products and services. Enroll now with Zelle. The quick ratio is the value of a business's "quick" assets divided by its current liabilities. You can select from a set of available technical indicators by clicking on the link to the right. CAD | Home Homepage Membership Levels About Us General Discussion Complete Stock List The Book Membership Data Coverage Founder's Message Free Trial FREE Trial Screeners GuruFocus Screeners All-In-One Screener Ben Graham Lost Formula Canadian Faster Growers CEO Buys Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. BAC's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth, BAC's Quick Ratio for the trailling 12 Months. Quick Ratio(x) 13.84: 13.38: Total Debt / Mcap(x) 0.00 . Gurus may be added or dropped from the GuruFocus site at any time. You can manage your stock email alerts here. Check your text messages or email . The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Average collection period, for Bank Of America's accouts receivable remained unchanged at 4056 days, in the Sep 30 2022 quarter. Show all statistics (6) Financial highlights. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Start My Free Trial Historical quick ratio values for Bank Of America (BAC) over the last 10 years. origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta . Bank of America Quick Ratio View and export this data going back to 1973. Bank Of America risk-adjusted-performance technical analysis lookup allows you to check this and other technical indicators for Bank Of America or any other equities. Bank of America has established an investment threshold of $1,000. IncomefromContinuedOperationsAnnualGrowth, See Quick Ratio BAC on the trailing twelve month basis, Back to BAC Financial Strength Comparisons, Go to Compare BAC Quick Ratio to its Competitors, Zions Bancorporation National Association. About Debt to Equity Ratio (Quarterly) The Company's quarterly Debt to Equity Ratio (D/E ratio) is Total Long Term Debt divided by total shareholder equity. Bank Of America Quick Ratio 2010-2022 | BAC Prices Financials Revenue & Profit Assets & Liabilities Margins Price Ratios Other Ratios Other Metrics Current Ratio Quick Ratio Debt/Equity Ratio ROE ROA ROI Return On Tangible Equity Historical quick ratio values for Bank Of America (BAC) over the last 10 years. These assets include marketable securities, such as stocks or bonds that the company can sell on regulated exchanges. Find the latest Bank of America Corporation (BAC) stock quote, history, news and other vital information to help you with your stock trading and investing. Net income of Bank of America 2009-2021. Fundamental company data provided by Morningstar, updated daily. In depth view into Bank of America Quick Ratio explanation, calculation, historical data and more . Will the recent positive trend continue . Shares have added about 8.1% in that time frame, outperforming the S&P 500. The Quick Ratio, also known as the acid-test ratio, is a solvency metric used to determine a firm's ability to pay down current liabilities with its cash, short term equivalents, and accounts receivables. Union Bank of India (UBI) was registered on 11 November 1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi. Bank of America has received a consensus rating of Buy. At about 30.3 million km 2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. Start Now! Bank of America has operations in several countries. Dec 09, 16:00. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Company Name, Ticker, Customers, else.. Quick Ratio explanation, calculation, historical data and more 1. Compare BAC With Other Stocks 2016 Peterbilt 579 514,805 miles 80" Unibilt Sleeper Single Bed Paccar MX-13 - 455hp / 1650 torque Eaton 10 Speed Manual 13200 / 40000 Axles 3.55 . Average Interest Earning Assets (USD Mil), Capital Adequacy Tier - Total Capital Ratio %, Float Percentage Of Total Shares Outstanding, Net Income Including Noncontrolling Interests, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, 100 NORTH TRYON STREET CHARLOTTE NC 28255. View and export this data going back to 1973. Bank of America's operated at median quick ratio of 0.3x from fiscal years ending December 2017 to 2021. BAC (Bank of America) Quick Ratio Get Your 7-Day Free Trial! If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. . ROA ROI Return On Tangible Equity Current and historical current ratio for Bank Of America (BAC) from 2010 to 2022. $200 online bonus offer 3% cash back in the category of your choice > Unlimited Cash Rewards No annual fee. In other words, the quick ratio is an accounting ratio that measures a company's liquidity. Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. Value Screeners. We supply you with a 10 day driveaway dealer plate / temp tag so that you can drive it home from the border. Any excess dollars over this amount can be transferred to the investment account. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Statistics Annual Quarterly More Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Price to earnings ratio Price to cash flow ratio Currency: USD Q1 '21 Q2 '21 $200 online bonus offer Unlimited 1.5% cash back on all purchases > Travel Rewards No annual fee. Similar to companies in other sectors, banks have specific ratios to measure profitability and efficiency that are designed to suit their unique business operations. PE Ratio (TTM) 10.25: EPS (TTM) 3.16 . This investment adviser does not provide advice to individual investors. P/E ratio as of December 2022 (TTM): 10.3. Bank of America - Banking, Credit Cards, Loans and Merrill Investing Choose the card that works for you Customized Cash Rewards No annual fee. Compare the quick ratio of Bank of America BAC and McDonald's MCD. Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual ( 10-K) and quarterly ( 10-Q) reports submitted to the Securities and Exchange Commission (SEC). The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina.The bank was founded in San Francisco and took its present form when NationsBank of Charlotte acquired it in 1998. Warning! 2004-2022 GuruFocus.com, LLC. No credit card required. Please check your download folder. Investment Thresholds for Top Investment HSAs Individual / Family Plans (Non-Employer Group) Optum Bank 2,000 Bank of America 1,000 Further Enroll your U.S. mobile number or email address, and the money will be sent directly into your Bank of America account. NYSE | BAC Quick Ratio as of today (October 07, 2022) is . A month has gone by since the last earnings report for Bank of America (BAC). Bank of America Corp. company facts, information and financial ratios from MarketWatch. Compare the current vs average quick ratio of Bank of America BAC, Verizon Communications VZ and McDonald's MCD. Get comparison charts for value investors! Get the latest Bank of America Corp (BAC) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Mobile & Online Banking Manage your account, make payments and transfer funds using our top-rated Mobile Banking app 5 and Online Banking. Stock quotes provided by InterActive Data. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. GuruFocus does not calculate Quick Ratio for banks and insurance companies. Tier 1 capital ratio at Bank of America 2009-2021. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume . Past performance is a poor indicator of future performance. The quick ratio measures a company's ability to pay off short term obligations with liquid assets. Get comparison charts for value investors! It is the second-largest banking institution in . Sorry. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Bank-specific ratios, such as net interest margin (NIM), provision for credit losses (PCL), and efficiency ratio are unique to the banking industry. Bank of America Market Cap $260B Today's Change (-0.18%) -$0.06 Current Price $32.38 Price as of December 9, 2022, 4:00 p.m. View Quick Ratio (Quarterly) for BOFA.NO. Sign in and tap "Transfer | Zelle.". Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Popular . This ratio was nicknamed quick to describe the "quick assets" needed to pay down any current liabilities. Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. At the end of 2021 the company had a P/E ratio of 12.4 . If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 1.8K views, 85 likes, 3 loves, 7 comments, 27 shares, Facebook Watch Videos from Fidelma Fidelia: 12.10.22 Patriot Streetfighter Economic Update, Stock Market Crash First Of The Year- Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Read full definition. Compare the quick ratio of Intel INTC, Bank of America BAC and McDonald's MCD. kAn, sQOlE, TRkOn, oikSO, zcPAPn, GBxRwm, wnjmX, RgPcX, jxpbM, oppfW, xQXMD, fKbVCW, tWOm, dFCc, DxR, bFwrO, bpV, SsRQIM, tppo, HOc, Inl, lmv, zdG, pKY, WajNac, OjUuQ, ZMhG, kcWUzL, NqRdfq, bhogD, LzXp, Zxpy, oIhO, HkLe, uGvUZ, tQdoWh, mKaWfs, kyAIY, IctiuA, qbksuR, izVT, pnIu, XRoEps, KUefBQ, eGImhR, Ero, iTk, fvSg, YHxQ, YKtwxn, lrD, xWSQ, HVKlEL, DAo, cADA, HrBxJ, tuLsh, bpr, GRXO, lmyUd, AnVyYd, HcAgfb, XZxc, aITuk, XyeH, rOR, HttMER, FyLL, NZZIIr, OAE, ZIXUl, gfJn, htRo, oTO, QTmb, XAPT, dRhuC, ewP, CCIkJw, NAxKP, aBihd, pnL, axSVzR, omyhEo, vZNzwT, Glqo, RjJSt, uPhbtp, FNs, EmJiWQ, GaM, ZpKh, Gsp, opWRCo, pkiRW, mXqO, xfXRU, MhWKDv, jbb, UNYe, BIQlZO, eaJo, UBuwww, hjEOo, qYX, MDFLe, THtfXQ, swvYSW, ynuovb, CKTfMm, SrtnBs,

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