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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Berkshire Hathaway owns more than 1 billion shares of Bank of America, as of the latest information. The bank is Berkshire's second-largest investment, with a stake of 13.1% worth about $38 billion.

How Much Money Does Warren Buffett Have Invested in Bank of America?

Apple

Amazon

Bank of Montreal

First Horizon National

Alphabet

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Oaktree Specialty Lending

Invesco QQQ

Royal Bank of Canada

Charles Schwab

Toronto-Dominion Bank

Taiwan Semiconductor Manufacturing

Big tech earnings are approaching, but I'm not betting on them. Big tech stocks have gotten too expensive. I have sold most of my U.S. tech stocks and reinvested the proceeds into high-income investments.

Forget Big Tech Earnings, Buy Income Instead

SoFi Technologies

Bank stocks have been beaten down by economic uncertainty and interest rate headwinds. SoFi trades for an incredibly cheap valuation, considering its rapid growth rate and profitable business.

2 Incredibly Cheap Fintech Stocks to Buy Now

Robust consumer spending in the past few years has helped the U.S. avoid a recession. Consumer spending continues to grow, albeit at a slower pace than last year.

Bank of America Just Told Us Something Important About Consumer Spending

American Express

Coca-Cola

Buffett's "big four" are Apple, Bank of America, American Express, and Coca-Cola. He's invested heavily in these stocks primarily because he believes in their businesses.

Why Warren Buffett Has 68% of Berkshire Hathaway's $361 Billion Portfolio Invested in Only 4 Stocks

Bank of America reported a decline in net interest income year-over-year. If rates stay higher for longer, this metric could continue to face pressure.

Should You Buy Bank of America Hand Over Fist Right Now? There's 1 Good Reason to Think Twice.

The lull in net interest income is at or near its cyclical bottom, if not already past it. The company's investment-oriented business lines are doing particularly well right now despite economic challenges.

Buy Bank of America Stock on This Dip. The Good Outweighs the Bad.

At the end of 2023, Warren Buffett's holding company, Berkshire Hathaway, had $34.8 billion worth of Bank of America stock in its equity portfolio. A leading brand helps Bank of America attract and retain customers.

Warren Buffett Has $34.8 Billion Invested in This Dividend Stock. Is It a Smart Buy Now?

Bank of America's stock has surged by 13.47% since my previous coverage, prompting a reevaluation of its investment potential. Q1 2024 data leaves a fair price estimate at $47.30, with a $59.66 future target, indicating 36.4% near-term upside and 12% annual returns.

Bank of America: Considerable Near-Term Potential, But Annualized Returns Likely Lower

Li Lu is a Warren Buffett disciple who was funded by Charlie Munger. He has 70% of his American portfolio in Bank of America and Alphabet stocks.

This Billionaire Warren Buffett Disciple Has 70% of His American Portfolio in Just 2 Stocks

The Oracle of Omaha has delivered a greater than 4,900,000% aggregate return in his company's Class A shares (BRK.A) since becoming CEO of Berkshire Hathaway. Portfolio concentration has been integral to Berkshire Hathaway's sustained outperformance of the benchmark S&P 500.

68% of Warren Buffett's $372 Billion Portfolio Is Invested in Just 4 Stocks

Most bank stocks offer stability and passive income opportunities. Bank of America is Warren Buffett's favorite bank stock.

If You'd Invested $1,000 in Bank of America 5 Years Ago, Here's How Much You'd Have Today

Chevron

Kraft Heinz

Occidental Petroleum

Warren Buffett's Berkshire Hathaway has more than $10 billion invested in seven stocks, but Apple is its largest holding by a wide margin. Apple is losing market share to smartphone competitors in China, and the European Union's Digital Markets Act could weaken its ability to monetize the App Store.

Warren Buffett Has Over $10 Billion Invested in 7 Stocks. Here's the Best Stock to Buy Right Now, According to Wall Street.

High interest rates continued to pressure net interest income. Bank of America saw its credit quality continue to deteriorate.

3 Important Things We Just Learned From Bank of America

24 Museums around the world to receive critical conservation funding  CHARLOTTE, N.C. , April 17, 2024 /PRNewswire/ -- Twenty-four cultural institutions have been named as grant recipients of the 2024 Bank of America Art Conservation Project.

Grants to Preserve Historic Art Awarded in 11 Countries by BofA

CHARLOTTE, N.C. , April 17, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 25, 2024 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2025 (CUSIP No.

Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 3.841% Fixed/Floating Rate Senior Notes Due April 2025

Citigroup

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares US Financial Services ETF

Invesco KBW Bank ETF

Vanguard Financials ETF

Wells Fargo

Financial Select Sector SPDR Fund

While most big banks beat on both lines in the first-quarter earnings season, higher rates may weigh on the financial ETFs over the medium term.

Bank ETFs in Focus on Mixed Q1 Earnings

EPS slightly underperforms against analysts' predictions. Revenue outshines estimates, indicating strong performance.

Bank of America Beats Revenue Expectations, Misses on EPS

Bank stocks are typically the first to lead an economic cycle, and for the United States, it looks like the cycle found its bottom last month. However, business is only one driver, as a strong consumer is equally necessary to push the economy in the right direction.

Commercial Banks Could Be Back in Play, Led by Bank of America

Cardlytics

Cardlytics recently appointed Liane Hornsey to its Board of Directors, which could attract new investors and accelerate hiring and productivity.

The Power Of Cardlytics' Data Partnerships Including Bank of America

Tesla

With earnings season officially underway, the S&P 500 has been meandering between positive and negative territory throughout today's trading session, most recently trading modestly lower.

3 Heavy Weight Stocks Dragging the Market Down Today

Bank of America beat on earnings and revenue, but charge-offs for bad loans were higher than expected. Bank officials attributed the charge-offs to its credit card portfolio and said conditions are improving.

Why Bank of America Stock Is Under Pressure Today

PNC Financial Services

U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.

Big banks led by Citi continue layoffs amid pressure to cut costs

Bank of America's Q1 earnings report beat market expectations, with non-GAAP EPS of $0.83 and revenues of $25.82B. The bank's strong balance sheet and capital ratios position it well for growth and potential regulatory changes.

Bank Of America Q1: Still Fits Buffett's 10xEBT Rule Well

Bank of America (BAC) Q1 2024 Earnings Call Transcript

News for Bank of America Stock (BAC)