BANK OF AMERICA CORPORATION

Red flags

• Total long-term debt rose to $317.8 billion from $283.3 billion, while 2025 issuance of $98.1 billion exceeded maturities and redemptions of $74.6 billion, increasing refinancing and funding exposure.
• Credit-card loans had $2.604 billion past due 30+ days against $106.027 billion outstanding, materially worse than the overall portfolio’s 0.80% 30+ day delinquency rate.
• Unfunded credit-extension commitments totaled $1.193 trillion, including $476.9 billion of credit-card lines and $633.2 billion of loan commitments.
• The parent company is dependent on subsidiary dividends and transfers for liquidity, but subsidiaries face restrictions on dividends, affiliate transactions and use of deposited funds.
• Foreign-currency-denominated debt increased to $57.5 billion from $43.8 billion, adding currency and funding complexity.