Bank of America Corporation (BAC) Covered Calls

Bank of America Corporation covered calls Bank of America Corporation is a global leader in financial services, serving individuals, small businesses, and large corporations. The company provides a comprehensive suite of banking, investing, asset management, and risk management products. Through its diverse segments—Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets—it operates a vast network of retail centers and digital platforms to support the financial needs of millions worldwide.

You can sell covered calls on Bank of America Corporation to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for BAC (prices last updated Fri 4:16 PM ET):

Bank of America Corporation (BAC) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
52.55 +0.03 52.65 52.66 31.4M 14 384
Covered Calls For Bank of America Corporation (BAC)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 52.5 0.80 51.86 1.2% 54.8%
Mar 20 52.5 1.78 50.88 3.7% 37.5%
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Core Business and Products

Bank of America (BAC) is a leading multinational financial institution that serves approximately 69 million consumer and small business clients. As of early 2026, the company operates as a diversified financial powerhouse with eight primary lines of business organized into four main reportable segments:

  1. Consumer Banking: This segment provides a full range of credit, banking, and investment products to consumers and small businesses. Bank of America leads the U.S. market in consumer deposits and maintains a massive physical footprint with over 3,600 financial centers, complemented by a digital ecosystem utilized by nearly 60 million active users.
  2. Global Wealth & Investment Management: Through its Merrill and Bank of America Private Bank brands, the company provides personalized wealth management, brokerage, and retirement services. In 2026, it manages over $4.8 trillion in client balances, focusing on high-net-worth and ultra-high-net-worth individuals.
  3. Global Banking: This division provides lending-related products, integrated working capital management, and treasury solutions. It also includes the Global Corporate & Investment Banking team, which offers advisory services and debt and equity underwriting to large corporations and institutional investors.
  4. Global Markets: This segment provides sales and trading services, including market-making and financing, to institutional clients across fixed income, currencies, commodities, and equities.

Competitive Landscape

The financial services sector is highly competitive, characterized by rapid digital transformation and pressure from both traditional banks and fintech innovators:

  1. Primary Banking Rivals: Bank of America’s most direct competitors are the other "Big Four" U.S. institutions: JPMorgan Chase, Wells Fargo, and Citigroup. While JPMorgan Chase remains the largest by assets, Bank of America often competes for the lead in digital adoption and consumer deposit growth.
  2. Investment and Capital Markets: In the investment banking and trading space, the firm competes for high-profile deals and market share against Goldman Sachs and Morgan Stanley.
  3. Digital and Payment Competitors: As banking becomes increasingly digital, BAC faces competition for transactional volume from payment networks like Visa and Mastercard, as well as emerging fintech platforms that offer high-yield savings and low-fee brokerage services.

Strategic Outlook and Innovation

Entering 2026, Bank of America is leaning heavily into "Responsible Growth" and a massive $13 billion annual technology budget. A significant portion of this investment is dedicated to "Erica," the company’s AI-driven virtual financial assistant, which has now surpassed 3.2 billion client interactions. The firm is also a major innovator in the intellectual property space, holding over 1,500 AI-focused patents—nearly 20% of its total patent portfolio. Strategically, the bank is focusing on its "One Home Depot" style "One BofA" approach, seeking to deepen client relationships by integrating banking and Merrill investment services into a single digital experience. In the 2026 economic environment, marked by shifting interest rates and a resilient U.S. consumer, Bank of America is prioritizing operational efficiency and "Agentic AI" to automate back-office functions while maintaining its status as a top-tier dividend-payer and a central pillar of the global financial system.