---
title: Bank of America (BAC) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/bac
ticker: BAC
as_of: 2026-10-17
sector: Financial Services
industry: Banks - Diversified
---
# Bank of America (BAC)

Bank of America (BAC) closed at $51.23 on Oct 16, 2026, overvalued by 1% vs its model value of $50.87 (from the justified price to tangible book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $51.23 (Oct 16, 2026) |
| Model value (from the justified price to tangible book) | $50.87 |
| Price vs model | overvalued by 1% vs model |
| Range of that model | $44.51 – $59.34 |
| Market value | $358.2B |
| P/E (fiscal 2025) | 13.4 |
| Net margin (fiscal 2025) | 15.9% |
| Free cash flow (fiscal 2025) | — |
| Dividend yield (trailing twelve months) | 2.26% |
| Beta | 1.21 |
| Cost of capital (WACC) | 10.95% |
| Business classification | Mature & Stable (Low/slowing growth (~7% recent), High profitability (27% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Largest companies | #32 | $358.2B | https://sweetvaluelab.com/lists/largest-companies |
| Lowest P/E | #50 | 13.4× | https://sweetvaluelab.com/lists/lowest-pe |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.26% |
| Dividends per share, last 12 months | $1.16 |
| Coverage | — |
| Raised | 11 years in a row |
| Growth over 5 years | 9.1% a year |
| Latest payment | $0.32, ex-date Sep 4, 2026, paid Sep 25, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 2, 2021 | $0.75 |
| To Sep 1, 2022 | $0.85 |
| To Aug 31, 2023 | $0.90 |
| To Sep 6, 2024 | $0.98 |
| To Sep 5, 2025 | $1.06 |
| Trailing twelve months (to Sep 4, 2026) | $1.16 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/TBV · justified | primary | $50.87 | $44.51 | $59.34 |
| P/E · peers | cross check | $62.11 | $58.06 | $64.83 |
| P/E · own history | cross check | $52.96 | $41.80 | $60.01 |
| PEG | sanity check | $69.42 | $69.42 | $69.42 |
| Dividend discount | cross check | $22.98 | $16.25 | $35.72 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 15, 2026 | MOYNIHAN BRIAN T | Chair and CEO | Option/RSU exercise | 18,082 | — |
| Sep 15, 2026 | MOYNIHAN BRIAN T | Chair and CEO | Disposition to issuer | 18,082 | $1.1M |
| Sep 15, 2026 | MOYNIHAN BRIAN T | Chair and CEO | Option/RSU exercise | 18,082 | — |
| Mar 10, 2026 | Okpara Johnbull | Chief Accounting Officer | Other | 50 | $50,000 |
| Aug 15, 2026 | MOYNIHAN BRIAN T | Chair and CEO | Option/RSU exercise | 18,083 | — |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 14, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/70858/000007085826000481/bac-20261014.htm |
| Jul 31, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/70858/000007085826000394/bac-20260630.htm |
| Jul 24, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/70858/000007085826000364/bac-20260723.htm |
| Jul 14, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/70858/000007085826000353/bac-20260714.htm |
| May 6, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/70858/000007085826000273/bac-20260504.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Buffett | 2026-06-30 | 483,394,015 | $27.5B |
| Bill Nygren | 2026-06-30 | 23,090,903 | $1.3B |
| Richard Pzena | 2026-06-30 | 6,310,363 | $359.6M |
| Harry Burn | 2026-06-30 | 2,038,298 | $116.1M |

16 tracked managers in all.

## About

Operating globally through its various subsidiaries, Bank of America Corporation offers a comprehensive range of banking and financial products and services. Its extensive clientele includes individual consumers, small and mid-market businesses, institutional investors, large corporations, and government bodies worldwide. The Consumer Banking division provides diverse options such as traditional and money market savings accounts, certificates of deposit, individual retirement accounts (IRAs), and both interest-bearing and non-interest-bearing checking accounts, in addition to investment products. This segment also issues credit and debit cards, originates residential mortgages and home equity loans, and offers direct and indirect financing for needs like automotive purchases, recreational vehicles, and personal loans. Within its Global Wealth & Investment Management segment, the company…

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Source: https://sweetvaluelab.com/stocks/bac (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.