Recent News
April 23, 2026 — Company announced redemption of $3.0 billion of 3.559% senior notes due April 2027. April 23, 2026 — Board declared a regular quarterly common-stock cash dividend of $0.28 per share, payable June 26, 2026. March–June 2026 — Board authorized and declared several preferred-stock dividend payments for April–August schedules. June 4, 2026 — Bank of America announced plans to launch a cross-border real-time payments solution for corporate and institutional clients. June 23, 2026 — Extended relationship with Volvo Car Financial Services through 2030. May–June 2026 — Company public notices and consumer media reported branch closures around the Juneteenth holiday schedule.
Technical Analysis
ADX at 38.12 indicates a strong underlying trend; the directional structure supports continuation as DI+ sits at 32.71 and shows an increasing trend while DI- at 10.35 declines — that directional split conveys bullish directional strength that favors further upside relative to the current valuation.
MACD reads 1.49 with the MACD line above the signal at 1.15 and the MACD trend increasing; the recent cross above the signal line constitutes a bullish momentum confirmation that aligns with short‑term upside bias.
MRO at 20.15 and increasing signals the price sits above model target levels and raises the prospect of a near-term pullback toward value-based support; the oscillator’s positive reading implies that any consolidation would likely relieve extension rather than invalidate the bullish setup.
RSI at 61.68 and increasing shows persistent buying pressure without extreme overbought readings; that momentum supports a controlled advance while leaving room for further gains before exhaustion.
Price sits above most moving averages: close $58.19 exceeds the 12‑day EMA ($56.39) and the 200‑day average ($51.87), with the 12‑day EMA trending higher — this alignment reinforces a bias for continuation. Price trades near the 52‑week high ($58.33) and above the 20‑day average ($56.02), while Bollinger band placement (upper band ~ $57.72 / $59.42) shows price trading around the upper band, consistent with an elevated near‑term range.
SuperTrend lower support at $55.86 and the price‑200 day average near $51.87 function as reference supports; volume today (~33.3M) sits below recent multi‑period averages (~36M), implying moves have advanced on lighter-than-average participation and increasing the chance of a short consolidation.
Fundamental Analysis
Reported EPS $1.11 versus estimate $1.02 produced an EPS surprise of +8.82%, with forward EPS $1.2704 and forward PE ~40.22. Net income for the period totaled $8,584,000,000 on total revenue of $30,272,000,000; operating cash flow and free cash flow each show strong absolute generation ($41,770,000,000 free cash flow) and a free cash flow yield of 11.53%, which materially supports the current WMDST valuation.
Profitability metrics show ROE at 3.114% and ROA at 0.249%; ROE sits below the industry peer mean of 4.982% and the industry peer median of 4.917%, indicating lower returns on equity relative to peers despite positive net income. Earnings growth stands at 13.27% overall, with earnings growth year‑over‑year at 35.97% and quarter‑over‑quarter at -275.77%; the YoY gain confirms stronger annual momentum while the QoQ swing reflects quarterly variability in results.
Top‑line growth shows revenue growth year‑over‑year at 38.21% and quarter‑over‑quarter at 79.25%; those gains support valuation compression risk mitigation when paired with robust cash flow. P/B at 1.314 compares to the industry peer mean of 1.081 and median of 1.328 — above the peer mean and very close to the peer median. P/E at 45.78 sits below the industry peer mean of 54.58 and median of 53.88, while forward P/E (~40.22) remains slightly below the industry peer mean (~43.71), suggesting the market prices some earnings growth into multiples but that cash flow yields present a valuation disconnect.
Leverage and solvency metrics show debt-to-assets at 10.97% and debt-to-equity at 1.3915; those leverage measures sit below the industry peer mean debt-to-assets (16.4%) and the industry peer mean debt-to-equity (2.133), indicating comparatively lower leverage intensity. Dividend payout ratio at 30.59% with a dividend yield around 0.73% and dividend coverage of 3.27 reflects a conservative distribution relative to cash generation.
WMDST values the stock as under‑valued, a conclusion driven by a combination of a double‑digit free cash flow yield, below‑peer forward multiples, and large absolute cash flow generation despite below‑peer ROE; the valuation implies that current cash generation and capital returns leave room for multiple expansion if profitability trends normalize.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-15 |
| NEXT REPORT DATE: | 2026-07-15 |
| CASH FLOW | Begin Period Cash Flow | $ 231.8 B |
| Operating Cash Flow | $ 41.8 B | |
| Capital Expenditures | — | |
| Change In Working Capital | $ 30.1 B | |
| Dividends Paid | $ -2.63 B | |
| Cash Flow Delta | $ 10.6 B | |
| End Period Cash Flow | $ 242.5 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 30.3 B | |
| Forward Revenue | $ 8.0 B | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 605.0 M | |
| Depreciation and Amortization | $ 605.0 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 33.4 B | |
| Interest Expense | $ 17.6 B | |
| Net Interest Income | $ 15.7 B | |
| Income Before Tax | $ 10.4 B | |
| Tax Provision | $ 1.8 B | |
| Tax Rate | 17.493 % | |
| Net Income | $ 8.6 B | |
| Net Income From Continuing Operations | $ 8.6 B | |
| EARNINGS | ||
| EPS Estimate | $ 1.02 | |
| EPS Actual | $ 1.11 | |
| EPS Difference | $ 0.09 | |
| EPS Surprise | 8.824 % | |
| Forward EPS | $ 1.27 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.5 T | |
| Intangible Assets | $ 69.0 B | |
| Net Tangible Assets | $ 231.6 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 249.9 B | |
| Net Receivables | $ 96.1 B | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 82.8 B | |
| Total Current Liabilities | — | |
| Net Debt | $ 133.7 B | |
| Total Debt | $ 383.6 B | |
| Total Liabilities | $ 3.2 T | |
| EQUITY | ||
| Total Equity | $ 275.7 B | |
| Retained Earnings | $ 267.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 38.66 | |
| Shares Outstanding | 7.130 B | |
| Revenue Per-Share | $ 4.25 | |
| VALUATION | Market Capitalization | $ 362.3 B |
| Enterprise Value | $ 745.9 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 24.641 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 12.682 | |
| Asset To Liability | 1.094 | |
| Debt To Capital | 0.582 | |
| Debt To Assets | 0.11 | |
| Debt To Assets QoQ | 2.303 % | |
| Debt To Assets YoY | 6.328 % | |
| Debt To Assets IPRWA | high: 0.242 mean: 0.164 median: 0.159 BAC: 0.11 low: 0.002 |
|
| Debt To Equity | 1.391 | |
| Debt To Equity QoQ | 5.435 % | |
| Debt To Equity YoY | 10.751 % | |
| Debt To Equity IPRWA | high: 4.312 median: 2.341 mean: 2.133 BAC: 1.391 low: 0.017 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.314 | |
| Price To Book QoQ | -5.949 % | |
| Price To Book YoY | 14.634 % | |
| Price To Book IPRWA | high: 2.882 median: 1.328 BAC: 1.314 mean: 1.082 low: 0.001 |
|
| Price To Earnings (P/E) | 45.782 | |
| Price To Earnings QoQ | -16.48 % | |
| Price To Earnings YoY | -1.234 % | |
| Price To Earnings IPRWA | high: 70.027 mean: 54.576 median: 53.875 BAC: 45.782 low: 0.034 |
|
| PE/G Ratio | 3.451 | |
| Price To Sales (P/S) | 11.969 | |
| Price To Sales QoQ | -3.679 % | |
| Price To Sales YoY | 3.852 % | |
| Price To Sales IPRWA | high: 28.872 BAC: 11.969 median: 8.597 mean: 7.371 low: 0.006 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 40.224 | |
| Forward PE/G | 3.032 | |
| Forward P/S | 45.727 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.009 | |
| Asset Turnover Ratio QoQ | -4.262 % | |
| Asset Turnover Ratio YoY | 5.797 % | |
| Asset Turnover Ratio IPRWA | high: 0.025 mean: 0.011 median: 0.011 BAC: 0.009 low: 0.004 |
|
| Receivables Turnover | 0.312 | |
| Receivables Turnover Ratio QoQ | -1.023 % | |
| Receivables Turnover Ratio YoY | -7.426 % | |
| Receivables Turnover Ratio IPRWA | high: 3.666 median: 2.0 mean: 1.984 BAC: 0.312 low: 0.256 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 292.795 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 601.4 B | |
| Net Invested Capital | $ 659.3 B | |
| Invested Capital | $ 659.3 B | |
| Net Tangible Assets | $ 231.6 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 3.064 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.269 | |
| Dividend Payout Ratio | 0.306 | |
| Dividend Rate | $ 0.37 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.475 % | |
| Revenue Growth | 11.008 % | |
| Revenue Growth QoQ | 79.254 % | |
| Revenue Growth YoY | 38.205 % | |
| Revenue Growth IPRWA | high: 25.524 % BAC: 11.008 % mean: -0.299 % median: -1.929 % low: -16.051 % |
|
| Earnings Growth | 13.265 % | |
| Earnings Growth QoQ | -275.765 % | |
| Earnings Growth YoY | 35.968 % | |
| Earnings Growth IPRWA | high: 49.694 % BAC: 13.265 % mean: 3.805 % median: 3.333 % low: -29.412 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 41.8 B | |
| Free Cash Flow Yield | 11.528 % | |
| Free Cash Flow Yield QoQ | -294.664 % | |
| Free Cash Flow Yield YoY | -1765.896 % | |
| Free Cash Flow Yield IPRWA | high: 35.898 % BAC: 11.528 % median: 1.458 % mean: -0.481 % low: -4.948 % |
|
| Free Cash Growth | -282.044 % | |
| Free Cash Growth QoQ | 89.355 % | |
| Free Cash Growth YoY | 160.121 % | |
| Free Cash Growth IPRWA | high: 219.58 % median: -120.96 % mean: -152.242 % BAC: -282.044 % low: -635.913 % |
|
| Free Cash To Net Income | 4.866 | |
| Cash Flow Margin | 37.305 % | |
| Cash Flow To Earnings | 1.316 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.249 % | |
| Return On Assets QoQ | 12.67 % | |
| Return On Assets YoY | 11.161 % | |
| Return On Assets IPRWA | high: 0.614 % median: 0.396 % mean: 0.386 % BAC: 0.249 % low: 0.034 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.031 | |
| Return On Equity QoQ | 14.696 % | |
| Return On Equity YoY | 15.805 % | |
| Return On Equity IPRWA | high: 0.058 mean: 0.05 median: 0.049 BAC: 0.031 low: 0.003 |
|
| DuPont ROE | 3.103 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |