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

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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.

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

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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.

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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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Bank of America Corporation (NYSE:BAC ) Morgan Stanley US Financials, Payments & CRE Conference Call June 11, 2024 9:30 AM ET Company Participants Dean Athanasia - President, Regional Banking Conference Call Participants Betsy Graseck - Morgan Stanley Betsy Graseck I do have to read a disclaimer notice. So, I'm going to start with that.

Bank of America Corporation (BAC) Morgan Stanley US Financials, Payments & CRE Conference (Transcript)

Chevron

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State Street

That's for at least two reasons. The first is higher interest rates: Many commercial mortgages are five-year balloons, which means that many loans extended at low rates in 2019 are repricing this year at much higher rates.

The bank stocks that conservative investors should consider

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Hamilton Insurance Group Ltd

A vibrant labor market dashed expectations of an interest rate cut soon. May's startling uptick in the pace of job additions and wages increased the belief that the Federal Reserve will hold rates at record highs through this summer and maybe beyond.

Strong Jobs Report Diminishes Fed Rate-Cut Hopes: 5 Winners

Merrill Brokers With Over $100,000 in Deferred Compensation Losses Should Immediately Contact the Law Firm of KlaymanToskes NEW YORK, NY / ACCESSWIRE / June 10, 2024 / National securities attorneys KlaymanToskes continues investigating Merrill Lynch, a division of Bank of America (NYSE:BAC), on behalf of former financial advisors following the filing of the firm's arbitration claim alleging that Merrill illegally withheld its brokers' deferred compensation. All former Merrill brokers/advisors who have suffered deferred compensation damages in excess of $100,000 should contact KlaymanToskes immediately at 888-997-9956.

Merrill Brokers Can Pursue Recovery of Their Deferred Compensation Losses Under ERISA: Contact KT Law Immediately

All Merrill Brokers Who Have Losses Over $100,000 Should Immediately Contact the Law Firm of KlaymanToskes NEW YORK, NY / ACCESSWIRE / June 10, 2024 / National investment loss and securities attorneys KlaymanToskes announces that the law firm has filed a FINRA arbitration claim against Merrill Lynch, a division of Bank of America (NYSE:BAC), on behalf of a former financial advisor who has lost over $3.2 million in deferred compensation damages. All former Merrill brokers/advisors who have suffered deferred compensation damages in excess of $100,000 are encouraged to explore all their legal options and to contact KlaymanToskes immediately at 888-997-9956.

KT Law Represents Former Merrill Broker in $3.2M Deferred Compensation Claim for ERISA Violations

Wells Fargo

JPMorgan Chase: Just By Opening 500 New Branches, It Could Potentially Generate Another $9.11B In Revenues

CHARLOTTE, N.C. , June 10, 2024 /PRNewswire/ -- Bank of America today announced the following reporting dates for quarterly financial results.

Bank of America Announces 2025 Financial Reporting Dates

Bank of America, together with other major retail banks, has outperformed both the S&P 500 and the S&P Banks index over the past year. Currently, BAC is exhibiting a trend of lower NII from a year ago, but non-interest income has picked up again, primarily due to higher S&T and IB activities. Charge-offs have been increasing from previous quarters due to higher delinquency rates in credit cards, coupled with the credit crisis in the commercial real estate space.

Bank of America: Still Undervalued Despite A Great YTD Performance

Chubb

Occidental Petroleum

Amidst the market's turbulence, it's always wise to follow someone like Warren Buffett. However, the maverick investor's recent statements point to an overbought stock market.

The 3 Best Warren Buffett Stocks to Buy in June 2024

Amazon

Hess

Griffin increased his Citadel hedge fund's stake in one oil stock by nearly 18x in Q1. He bought another 352,000-plus shares of a cloud services giant.

Billionaire Ken Griffin Goes Bargain Hunting: 3 Stocks He Just Bought

A stock market rally is still underway, with the S&P 500 index rebounding in May. Now, this rally has mostly been led by high-growth tech stocks.

3 Value Stocks to Buy for Incredible Long-Term Upside

Bank of America's stock has outperformed the S&P 500 with a 39% total return since July 2023. The stock currently trades at 1.2x price to book, a relative bargain compared to long term historical price to book valuations. The latest concern about consumer credit card debt may be overblown, as charge off rates are moving in the right direction.

Bank of America Hasn't Run Out Of Steam Yet

Making their way onto the Zacks Rank #1 (Strong Buy) list now appears to be a good time to consider a pair of big bank stocks in Bank of America (BAC) and Wells Fargo (WFC).

Time to Buy Stock in These 2 Big Banks

Bank of America (BAC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Bank of America (BAC) a New Strong Buy Stock

Gap Inc

Masimo

BAC, GPS and MASI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 5, 2024.

Best Momentum Stocks to Buy for June 5th

Bank of America stock has outperformed the S&P 500 by two times since mid-August 2023 when my initial bullish thesis was published. The bank's consolidated revenue and EPS stagnate, but the situation does not look bad when we look at the segments level. The Consumer and Global Banking segments are struggling due to temporary headwinds caused by high interest rates.

Bank of America: Building Sustainable Value For Shareholders

Gilead Sciences

Hedge fund operator Ken Griffin is the founder and CEO of Citadel, one of the world's most successful alternative investment firms. It has over $103 billion in assets under management (AUM) and Griffin likes to cast a wide net when making investments.

3 Dividend Stocks That Even Ken Griffin Is Buying

Bank of America (BAC) closed the most recent trading day at $39.88, moving -0.28% from the previous trading session.

Bank of America (BAC) Stock Dips While Market Gains: Key Facts

Bank of America Corp. Chief Executive Brian Moynihan said the economic health of the United States going forward depends on whether consumers keep spending despite inflation that may start cooling off late next year.

‘We got to keep the consumer in the game': Brian Moynihan worries about a spending slowdown

The FDIC-Insured banks' (like JPM, BAC, C & WFC) Q1 earnings are hurt by rising funding costs, a lower NII and an increase in expenses. Yet, higher rates, a changing revenue mix and a rise in deposit balance offer some support.

FDIC-Insured Banks' Q1 Earnings Down on Lower NII, Loan Balance

Payments modernization, depending on the financial services company, will be synonymous with upgrades. But it also needs to be synonymous with innovation, collaboration and business outcomes.

Bank of America: Collaboration and Innovation Will Drive the Future of Payments

Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this year. From hardware to software, both consumers and small to medium-sized businesses are pulling back on their purchases, Moynihan said at a New York financial conference, according to a Thursday (May 30) CNBC report.

Bank of America CEO: Consumers, Businesses Pulling Back on Spending

Bank of America Corporation (NYSE:BAC ) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 11:00 AM ET Company Participants Brian Moynihan - CEO Conference Call Participants John McDonald - Bernstein Stock Analyst John McDonald Okay. We're ready to get going.

Bank of America Corporation (BAC) Bernstein's 40th Annual Strategic Decisions Conference (Transcript)

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T-Mobile US

This Berkshire/Buffett holdings list from Kiplinger first appeared 5/16/24 on the Berkshire Hathaway SEC Form-13F. Kiplinger, YCharts, and Dogs-Of-The-Dow all track this Berkshire batch. Here is your 5/28/24 update from YCharts data. 25 of 41 current Berkshire-owned-stocks pay dividends. As of 5/28/24 the top-ten ranged 2.22%-4.57% by annual yield and 36 of 41 ranged 0.51% to 69.04% by broker-estimated target-price-upsides. Analyst-estimated top-ten net gains from Berkshire's May divi-dogs ranged 13.56%-50.69% from TMUS, AON, OXY, MA, LEN, ALLY, DEO, CVX, KHC, and SIRI per YCharts.

News for Bank of America Stock (BAC)