Bank of America Corp

NYSE BAC

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Bank of America Corp Retention Ratio for the Trailing 12 Months (TTM) ending March 31, 2024: 62.26%

Bank of America Corp Retention Ratio is 62.26% for the Trailing 12 Months (TTM) ending March 31, 2024, a -10.39% change year over year. The retention ratio, also known as the plowback ratio, measures the proportion of a company's earnings that are retained after paying dividends. It is calculated by dividing the net income minus dividends paid by the net income. This ratio indicates the percentage of earnings that are reinvested back into the company rather than being distributed to shareholders as dividends. A higher retention ratio suggests a higher level of reinvestment, indicating potential future growth opportunities.

Bank of America Corp Retention Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 69.48%, a -5.09% change year over year.
Bank of America Corp Retention Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 73.20%, a 18.15% change year over year.
Bank of America Corp Retention Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 61.95%, a -14.70% change year over year.
Bank of America Corp Retention Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 72.63%, a -3.14% change year over year.

NYSE: BAC

Bank of America Corp

CEO	Mr. Brian Thomas Moynihan
IPO Date	Jan. 13, 1978
Location	United States
Headquarters	Bank of America Corporate Center, Charlotte, NC, United States, 28255
Employees	212,000
Sector	Financial Services
Industry	Banks - diversified

Description

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.

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