Bank Of America Corp
BACCompany Overview
No company description available.
Country
US
Market Cap
$258.25B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
46.52%
failed
Liabilities Compliance
146.27%
failed
Final Shariah Status
Failed
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | Bank Of America Corp |
| Ticker | BAC |
| Main Business | Finance |
| Type | |
| Industry | Finance |
| Country | US |
| Market Cap | $258.25 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Consumer Banking | $38,640.0 | $38,640.0 | Banking |
| Global Banking | $22,230.0 | $22,230.0 | Banking |
| Global Wealth & Investment Management | $21,750.0 | $21,750.0 | Investment |
| Global Markets | $18,140.0 | $0.0 | - |
| Fully taxable-equivalent (FTE) basis adjustment | $-438.0 | $0.0 | - |
| All Other | $-5,360.0 | $0.0 | - |
| Interest income | $0.0 | $0.0 | - |
| Total | $94,962.0 | $82,620.0 | 46.52% (failed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| long term debt and capital lease obligation non current | $302,200,000,000.0 | 117.02% |
| derivative product liabilities non current | $43,430,000,000.0 | 16.82% |
| current debt and capital lease obligation current | $32,100,000,000.0 | 12.43% |
| Total Interest-Bearing Debt | $377,730,000,000.0 | 146.27% |
| Market Capitalization | $258,248,900,000.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |