Revenue segments as reported by the company.

Net interest income

Noninterest income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for credit losses

Noninterest expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Bank of America

Merrill Lynch Wealth Management is a wealth management division of Bank of America. The firm is headquartered in New York City, and occupies the entire 34 stories of 250 Vesey Street, part of the Brookfield Place complex, in Manhattan. Merrill Lynch employs over 15,000 financial advisors and manages $2.2 trillion in client assets.

Merrill Lynch

U.S. Trust is a private bank serving the needs of high net worth and ultra high net worth individuals and families by providing investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.

U.S. Tust

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The GWIM segment offers solutions to meet clients’ needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 and is headquartered in Charlotte, NC.

Earnings data Q1 2021

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Earnings data Q4 2021

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2024

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Bank of America posts robust Q4 earnings amidst growth opportunities

Bank of America's Q4 2022 performance reflects strength in earnings, asset quality, and revenue growth, supported by a focus on cost control and operational efficiency.
While facing challenges related to interest rates and regulatory changes, the bank is well-positioned to capitalize on opportunities in consumer and wealth management businesses.
Strategic initiatives to balance earnings, capital, and liquidity, alongside a commitment to prudent risk management, position Bank of America for sustainable growth and value creation.

Bank of America posts strong Q1 results, eyes growth opportunities

Bank of America delivered a robust Q1 performance with notable revenue and EPS growth, underpinned by strong asset quality and capital strength.
While facing challenges in managing expenses and deposit trends, the bank's focus on digital adoption and operational efficiency positions it for future growth.
Opportunities lie in optimizing net interest income, capitalizing on market disruptions, and leveraging AI for enhanced customer service and operational excellence.
Overall, Bank of America's strategic focus on growth, credit quality, and operational efficiency sets a solid foundation for sustained performance and shareholder value.

Bank of America posts record earnings, focuses on digital growth

Bank of America's strong financial performance, efficient expense management, and digital progress drove exceptional results.
While challenges like potential capital requirement increases exist, opportunities in technology and operational efficiency pave the way for future growth.
The bank's focus on stability, profitability, and organic growth positions it well for continued success in the market.
Overall, Bank of America's Q2 2023 earnings call reflects a solid foundation for sustained performance and innovation.

Bank of America posts strong Q3 earnings, eyes growth opportunities

Bank of America delivered a strong quarter with improved financials and segment performance, focusing on expense discipline and efficiency.
Despite challenges in operating leverage and potential Basel III impacts, the bank remains well-positioned with excess capital and strong customer engagement.
Opportunities lie in stabilizing deposit trends, capitalizing on Investment Banking growth, and aligning deposit strategies with loan growth.
Overall, Bank of America's performance reflects resilience and strategic positioning for future growth and profitability.

Bank of America posts solid Q4 results, eyes AI growth

Bank of America's Q4 2023 showcased strong performance in key segments, with a focus on expense discipline and credit quality metrics. The bank outlined strategies for future growth, emphasizing AI investments, capital allocation, and managing commercial credit performance effectively.

Bank of America reports strong Q1 earnings and eyes growth

Bank of America delivered strong Q1 2024 earnings, driven by robust performance across its business segments, including Investment Banking, Sales and Trading, and Global Markets.
The company's focus on operational excellence, digitization, and cost savings has resulted in improved efficiency and a strong balance sheet, with opportunities for further growth.
While challenges exist in expense management and asset balancing, Bank of America is well-prepared to navigate these hurdles and capitalize on opportunities for revenue and profitability.
Overall, Bank of America's strategic focus on customer relationships, expense control, and balance sheet strength positions it well for continued success and growth in the future.

Bank of America reports strong Q3 earnings and digital growth

Bank of America's Q3 2024 earnings call showcased robust financial performance, driven by revenue growth, net income, and strategic investments in key business areas.
The bank's emphasis on digital innovation, organic growth, and shareholder value creation underlines its competitive strengths and long-term sustainability.
While facing challenges such as anticipated rate cuts and regulatory complexities, Bank of America remains well-positioned to capitalize on growth opportunities and navigate industry dynamics effectively.
By focusing on responsible growth, operational efficiency, and customer-centric strategies, Bank of America continues to demonstrate resilience and strategic foresight in a dynamic market environment.

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Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

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Change in working capital

Cash from investing

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Purchase/sale of investments

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Cash from financing

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Free cash flow

JPMorgan Chase & Co

Toronto-Dominion Bank

Wells Fargo

Large banks gained toxic assets faster than small banks. ALLL peaked at 94% of their peak in 2008.

Large Banks Have Been Building Up Toxic Assets, But There Is Light

Bank of America, one of the leading financial institutions in the U. S., has seen its stock increase from $18 to $38 off the March 2020 bottom compared to the S&P 500 which gained almost 75% – the stock is leading the broader market by a considerable margin and is trading 8% above its pre-Covid-1.

Price Correction In The Cards For Bank Of America Stock?

Citigroup

Capital One

Goldman Sachs

Morgan Stanley

Restrictions imposed on major banks like Capital One (COF), Wells Fargo (WFC), JPMorgan (JPM), Citi (C), Morgan Stanley (MS), Goldman (GS) & BofA (BAC) will likely end after the results for 2021 stress test come out.

Restrictions on Major Banks' Dividend & Buybacks to End in June

The Federal Reserve announced it would not extend SLR relief program, which enabled banks to keep lending in crisis times.

The Fed Is Ending One of Its Pandemic Relief Programs This Month. Here's How It Will Impact Banks.

Apple

Alphabet

Johnson & Johnson

Lockheed Martin

Mastercard

Procter & Gamble

Target

Are you a new investor looking to build your first portfolio? Consider these nine high-quality names great stocks to buy.

9 First Stocks a New Investor Should Buy

The Federal Reserve will end its restrictions on bank dividends and buybacks for most institutions on June 30 as long as they pass the current round of stress tests, the central bank announced Thursday.

The Fed will lift restrictions on dividends and buybacks for most banks after June 30

Despite the dire economic scenario, banks proved resilient during the crisis.

Bank Stocks Rally as Fed Sets End for Capital Return Restrictions

The restrictions will end as long as banks' capital levels remain above their regulatory requirements following this year's stress testing.

Fed to End Restrictions on Bank Dividends and Share Repurchases on June 30

The Federal Reserve said temporary limits on dividend payments and share buybacks will end for most banks after June 30, following the completion of annual stress tests to determine their resilience to a hypothetical downturn.

The Wall Street Journal: Fed says limits on payouts, share buybacks to end for most banks after June 30

Big U.S. banks are on track to produce blockbuster first-quarter profit gains, but enthusiasm might fade when investors look under the hood.

U.S. bank profits may leap, then fade, as investors look under the hood

Blackrock Inc

Janet Yellen and Elizabeth Warren argue whether asset managers, particularly BlackRock (BLK), be tagged as SIFIs like JPMorgan (JPM), Citigroup (C) and Bank of America (BAC).

Should Asset Managers Like BlackRock be Under Higher Scrutiny?

Bank of America (BAC) closed the most recent trading day at $36.90, making no change from the previous trading session.

Bank of America (BAC) Flat As Market Sinks: What You Should Know

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation announced today that it will redeem all outstanding shares of its 6.000% Non-Cumulative Preferred Stock, Series EE (the “Series EE Preferred Stock”), and the corresponding depositary shares representing fractional interests in the outstanding shares of the Series EE Preferred Stock (the “Series EE Depositary Shares”), on April 25, 2021. All 36,000,000 Series EE Depositary Shares (NYSE: BAC PrA) (CUSIP No. 060505260), each representin

Bank of America Announces Full Redemption of Depositary Shares Representing Interests in Its 6.000% Non-Cumulative Preferred Stock, Series EE

Bank stocks could jump as much as 45% on various macroeconomic factors, from a steepening yield curve to attractive relative valuation that supports the sector's outperformance, according to Morgan Stanley. In a note published on Wednesday, the bank listed five factors that could drive the cohort higher, especially on the expectation of a rotation to value stocks rotation continuing in the near term.

Bank stocks could jump 45% on rising bond yields and attractive relative value, Morgan Stanley says

HSBC Holdings

The world's 60 largest commercial and investment banks poured a total US$3.8 trillion into fossil fuels between 2016 and 2020, according to a report by a group of non-governmental organizations. JP Morgan Chase (NYSE:JPM) financed the most deals by value, investing US$316.7bn over the five years, with North American banks – Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC) and RBC (TSE:RY) - making up the top five.

Barclays and HSBC among biggest lenders to fossil fuels industry, report finds

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation announced today that it will redeem on April 24, 2021 all CAD500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2022 (CUSIP No. 060505FH2, ISIN: CA060505FH28) (the “Notes”), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of April 24, 2021. Since April 24, 2021 is not a business day, the redemption pric

Bank of America Announces Redemption of CAD500,000,000 Floating Rate Senior Notes due April 2022

With these bank stocks up between 90% and 128% over the last 12 months, it's time to take profits.

Time To Take Profits On These Big Banks

Large-cap bank stocks have the headroom to rise 21% as buy-rated lenders benefit from repairing in the US economy from the COVID-19 health crisis and an accompanying increase in borrowing rates, says Bank of America. In a note published Tuesday, BofA increased its price objectives on banks by 11%, outlining a 21% implied upside for larger companies and a 20% upside for small and mid-cap banks. It pointed out that the KBW Nasdaq Bank Index has gained more than 50% since early November when Pfizer announced the creation of a coronavirus vaccine and is up about 20% so far in 2021. "[But] we think the sector has room to run," said BofA.  Among the calls, the target on JPMorgan Chase shares was pushed up to $181 from $163, with a potential gain of 20% from Monday's close at just below $151. The "economic recovery is fast gaining steam, and will be likely turbocharged by the recently passed $1.9 trillion stimulus plan," said BofA analysts led by Erika Najarian in a note about the higher price objectives. Also, BofA's rates strategists have upwardly revised their year-end forecast on the 10-year Treasury yield to 2.15% from 1.75%.  The US government has been sending $1,400 checks to most Americans as part of the stimulus package. Bank of America foresees 2021 economic growth of 6.5% with an upward bias. Meanwhile, investors pricing in the potential for hotter inflation stoked by economic growth have propelled the 10-year yield to 14-month highs, past 1.7%. The 10-year yield and other long-dated Treasury yields are tied to mortgages, auto loans and other lending programs and banks can earn more from loans as those rates increase. Wells Fargo's price objective was lifted to $43 from $39, indicating a 10% increase from Monday's settlement  Citigroup's target was unchanged at $100 but still implies a 39% gain.  BofA said banks during recent conversations ahead of their quiet period before earnings, "suggest a continued upward bias to consensus estimates," even though there are expectations for "softer net interest income trends" in the first quarter. That view stems from stronger liquidity levels "as solid deposit growth continues to outpace loan growth near-term." "It's early in the bank renaissance," said BofA. "Perhaps the most important takeaway to emerge from the economic shock of the pandemic is that it finally proved that banks had transformed themselves from the Global Financial Crisis, with all banks under coverage remaining profitable for full-year 2020, even with an accelerated increase in loan loss reserves," the analysts said. "This should effectively lower the cost of equity the markets assign to banks in recovery."

Big bank stocks could rise by another 21% in a 'renaissance' for the sector supported by economic recovery, says Bank of America (C, JPM, WFC)

Financial Select Sector SPDR Fund

SPDR S&P Bank ETF

Bank stocks dropped Monday, with a widely watched bank ETF pulling further away from a 13-year high as borrowing costs tracked by the 10-year Treasury yield edged lower. Bank stocks in recent sessions have been gaining as the 10-year Treasury yield and other long-dated yields rise while investors price in expectations of stronger inflation as the economy recovers from the COVID-19 pandemic. Banks seeking to lend money can see interest income improve when long-dated yields rise.

Bank stocks tumble as yields falling from 14-month high pause interest-income optimism (KBE, WFC, C, BAC, JPM)

The shares of Bank of America Corporation (NYSE:BAC) are down 2.3% to trade at $37.63 at last check, sliding further from its recent March 18, 12-year high of $39.96.

Options Traders Blast BAC Following Recent Bounce

BAC is a core holding of my income portfolio. Both short and long-term rates matter a lot to banks.

Why You Should Own Bank Of America In An Income Portfolio

Brian Moynihan also says that bank is eager to buy back more stock pending approval from federal regulators.

Bank of America CEO Says Its Earnings Are Poised to ‘Substantially Increase' as Rates Rise

U.S. equity futures are trading mixed early Monday hours before the opening bell on Wall Street.

US stocks mixed as Fed moves to restore big bank's capital requirements

AMERISAFE

Avnet

BWX Technologies

CNO Financial Group

CyrusOne

CRA International

CareTrust REIT

Dollar General

Danaher

Dick's Sporting Goods

Exponent

First Financial Northwest

Comfort Systems USA

First Midwest Bancorp

Fulton Financial

W. R. Grace & Co.

Great Southern Bancorp

Getty Realty

Hackett Group

Hurco Companies

Innovative Industrial Properties

Investar Hhld

Kimball International

A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.

Dividend Challenger Highlights: Week Of March 21

After the abrupt drop in rates last year, a rise in short- or long-term rates significantly boosts net interest income.

News for Bank of America Stock (BAC)