Bank of America ROE 2024

Bank of America ROE

0.09

Bank of America Dividend yield

2.43 %

Ticker

BAC

ISIN

US0605051046

WKN

858388

In 2024, Bank of America's return on equity (ROE) was 0.09, a -10.46% increase from the 0.1 ROE in the previous year.

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What does Bank of America do?

Bank of America Corp is an American multinational bank holding company headquartered in Charlotte, North Carolina. It is one of the largest banks in the world and offers a wide range of financial services and products to individuals, businesses, and institutions. The history of Bank of America dates back to 1904 when it was founded as the Bank of Italy in San Francisco. In 1928, it became known as Bank of America and quickly began to expand. In the 1950s and 60s, it was one of the first banks to offer credit cards and eventually merged with numerous other banks both domestically and internationally. As a result, it now has a presence in nearly every country in the world. Bank of America's business model includes various segments, including retail banking, commercial banking, wealth management, and investment banking. In retail banking, it offers checking accounts, savings accounts, credit cards, mortgages, auto loans, and various other financial products for individual customers. In commercial banking, the bank provides financing solutions and services to small and medium-sized businesses, institutions, and government agencies. Bank of America's wealth and investment management division offers a wide range of advisory and asset management services to high-net-worth individuals and institutional clients. For example, the bank offers a wide selection of investment funds, asset management services, and consulting services. Bank of America is also a major player in investment banking, where it assists companies with mergers and acquisitions, capital raising, and the placement of bonds and stocks in global markets. Bank of America is a leading global investment bank and has completed numerous landmark deals in recent years. Overall, Bank of America offers a wide range of products and services through its various business segments and branches to meet the financial needs of its customers. The bank also offers online banking and mobile banking services and actively promotes social and environmental responsibility. In summary, Bank of America Corp is one of the largest banks in the world, offering a wide range of financial services and products to individual customers, businesses, and institutions. Its business model includes retail banking, commercial banking, wealth management, and investment banking. Bank of America is a key player in investment banking and has completed numerous landmark deals in recent years. Branches and online banking are integral parts of its offering. Bank of America ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROE Details

Decoding Bank of America's Return on Equity (ROE)

Bank of America's Return on Equity (ROE) is a fundamental metric evaluating the company's profitability relative to its equity. Calculated by dividing net income by shareholder's equity, ROE illustrates how effectively the company is generating profits from shareholders’ investments. A higher ROE represents enhanced efficiency and profitability.

Year-to-Year Comparison

Analyzing Bank of America's ROE on a yearly basis aids in tracking its profitability trends and financial performance. An increasing ROE suggests enhanced profitability and value generation for shareholders, whereas a declining ROE may indicate issues in profit generation or equity management.

Impact on Investments

Bank of America's ROE is instrumental for investors assessing the company's profitability, efficiency, and investment attractiveness. A robust ROE indicates the firm’s adeptness at converting equity investments into profits, thereby enhancing its appeal to potential and current investors.

Interpreting ROE Fluctuations

Changes in Bank of America’s ROE can emanate from variations in net income, equity capital, or both. These fluctuations are scrutinized to evaluate management’s effectiveness, financial strategies, and the inherent risks and opportunities, aiding investors in making informed decisions.

Frequently Asked Questions about Bank of America Stock

What is the ROE (Return on Equity) of Bank of America this year?

The ROE of Bank of America this year is 0.09 undefined.

How has the Return on Equity (ROE) of Bank of America developed compared to the previous year?

The ROE of Bank of America has increased by -10.46% decreased compared to the previous year.

What impact does a high ROE (Return on Equity) have on investors of Bank of America?

A high ROE indicates that Bank of America generates good returns on capital and is successful in monetizing its investments. This is a positive indicator for investors.

What impact does a low ROE (Return on Equity) have on investors of Bank of America?

A low ROE can indicate that Bank of America is having difficulties monetizing its investments successfully and can be a negative signal for investors.

How does a change in the ROE (Return on Equity) of Bank of America affect the company?

A change in ROE (Return on Equity) of Bank of America can be an indicator of the financial performance of the company and demonstrate how successful the company is compared to other companies in the same industry.

How to calculate the ROE (Return on Equity) of Bank of America?

The ROE (Return on Equity) is calculated by dividing the company's profit by the total equity. The formula is: ROE = Profit / Total equity.

Which factors influence the ROE (Return on Equity) of Bank of America?

Some factors that can influence Bank of America's Return on Equity (ROE) include the efficiency in using equity, the profitability of the company, and the financing structure.

What strategic measures can take to improve the ROE (Return on Equity)?

To improve the Return on Equity (ROE), can take measures such as cost savings, increasing revenue, improving efficiency in the use of equity, and making changes in the financing structure. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to improve ROE.

How much dividend does Bank of America pay?

Over the past 12 months, Bank of America paid a dividend of 0.92 USD . This corresponds to a dividend yield of about 2.43 %. For the coming 12 months, Bank of America is expected to pay a dividend of 0.98 USD.

What is the dividend yield of Bank of America?

The current dividend yield of Bank of America is 2.43 %.

When does Bank of America pay dividends?

Bank of America pays a quarterly dividend. This is distributed in the months of July, September, December, March.

How secure is the dividend of Bank of America?

Bank of America paid dividends every year for the past 26 years.

What is the dividend of Bank of America?

For the upcoming 12 months, dividends amounting to 0.98 USD are expected. This corresponds to a dividend yield of 2.6 %.

In which sector is Bank of America located?

Bank of America is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Bank of America kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Bank of America from 3/29/2024 amounting to 0.24 USD, you needed to have the stock in your portfolio before the ex-date on 2/29/2024.

When did Bank of America pay the last dividend?

The last dividend was paid out on 3/29/2024.

What was the dividend of Bank of America in the year 2023?

In the year 2023, Bank of America distributed 0.86 USD as dividends.

In which currency does Bank of America pay out the dividend?

The dividends of Bank of America are distributed in USD.

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Our stock analysis for Bank of America Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Bank of America Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.