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Bank Of America Corporation  (BAC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial

Bank Of America's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics


What is ROE for Bank Of America in the forth quarter 2023?
Bank Of America Corporation achieved a return on average equity (ROE) of 9.29 % in its forth quarter 2023, this is above BAC's average return on equity of 6.72%.
Bank Of America Corporations equity during the 12 months ending in the forth quarter 2023 are valued at $285 billion

ROE decreased relative to the period ending , due to the decline in net income.

Within the Commercial Banks industry 35 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 1094, from total ROE ranking in the third quarter 2023 at 1272.

What is ROE?



Return On Equity (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change 6.75 % 6.51 % 5.28 % 5.09 % -
Y / Y Net Income Change -55.92 % 10.17 % 18.58 % 15.48 % 1.7 %
Net Income (TTM) in Millions 26,515 30,503 29,783 28,622 27,528
Return On Equity (TTM) 9.29 % 10.86 % 10.77 % 10.48 % 10.21 %
BAC's Total Ranking # 1094 # 1272 # 1355 # 1384 # 1562
Equity (TTM) in Millions 291,646 287,064 283,319 280,196 273,197
Seq. Equity Change 1.6 % 1.32 % 1.11 % 2.56 % 1.36 %
Seq. Net Income Change -59.7 % 5.32 % -9.23 % 14.43 % 0.71 %

Return On Equity Company Ranking
Within: No.
Industry # 36
Sector # 263
Overall # 1094

Return On Equity Statistics
High Average Low
16.97 %
6.72 %
-7.28 %
  (June 30, 2011)





BAC Annual Return On Equity (Dec 31 2023)
2023
(Dec 31 2022)
2022
(Dec 31 2021)
2021
(Dec 31 2020)
2020
(Dec 31 2019)
2019
Total Equity in Millions 291,646 273,197 270,066 272,924 264,810
Y / Y Equity Change 6.75 % 1.16 % -1.05 % 3.06 % -0.19 %
Net Income in Millions 26,515 27,528 31,978 17,894 27,430
Y / Y Net Income Change -3.68 % -13.92 % 78.71 % -34.76 % -2.55 %
Return On Equity 9.09 % 10.08 % 11.84 % 6.56 % 10.36 %





Annual Roe Comment
In 2023 ROE decreased compared to the previous year to 9.09 %, due to deterioration of net income.


More Return On Equity Ratios
Commercial Banks Industry Roe Trends and Statistics
Financial Sector Return On Equity Statistics
BAC's' Return on Equity at Yahoo Finance
BAC's Roe Ratio versus Commercial Banks Industry, Financial Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for BAC's Competitors
Return On Equity for Bank Of America's Suppliers
Roe for BAC's Customers




Companies with similar Return On Equity at Dec 31 2023, within Financial Sector ROE
Federal National Mortgage Association Fannie Mae  24.48 %
Federal Home Loan Mortgage Corporation  24.31 %
Pathward Financial Inc   24.21 %
Enstar Group Ltd  23.95 %
Westamerica Bancorporation  23.82 %
Manhattan Bridge Capital Inc   23.79 %
Globe Life Inc   22.93 %
Provident Bancorp Inc   22.88 %
Crossfirst Bankshares inc   22.77 %
Plumas Bancorp  22.70 %
Rli Corp  22.70 %
The Bank Of N t Butterfield and Son Limited  22.47 %
Sei Investments Company  22.40 %
Burford Capital Limited  22.39 %
Euronet Worldwide Inc   22.16 %
Crown Castle Inc  21.99 %
Aflac Incorporated  21.96 %
Equity Lifestyle Properties Inc   21.93 %
Progressive Corp  21.91 %
Oppfi Inc   21.78 %
Brookfield Asset Management Ltd   21.63 %
First Ban corp   21.62 %
Interactive Brokers Group inc   21.54 %
Ares Management Corporation  21.39 %
Public Storage  21.28 %
Value Line Inc  21.23 %
American Financial Group Inc   21.07 %
Onemain Holdings Inc   20.62 %
Universal Insurance Holdings Inc   20.57 %
Affiliated Managers Group inc   20.57 %


Date modified: 2024-02-21T14:42:28+00:00



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