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

Earnings data Q1 2022

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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.

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Stockholders equity

Minority interest

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Total debt

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Book value per share

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Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

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Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Citigroup

Goldman Sachs

JPMorgan Chase & Co

PNC Financial Services

U.S. Bancorp

Wells Fargo

The failures of Silicon Valley Bank and First Republic Bank last year cost the Federal Deposit Insurance Corporation (FDIC) $18.7 billion. The FDIC imposed a special assessment on 114 financial institutions totaling $16.3 billion to recover lost funds.

The FDIC Assessed $16 Billion to Banks For Last Year's Banking Failures: Here's How Much the Big Banks Are Paying

CHARLOTTE, N.C. , Jan. 22, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on February 7, 2024 all €1,250,000,000 principal amount outstanding of its 1.379% Fixed/Floating Rate Senior Notes, due February 7, 2025 (ISIN: XS1560863802; Common Code: 156086380) (the "Notes").

Bank of America Announces Redemption of €1.25 Billion of 1.379% Fixed/Floating Rate Senior Notes, due February 7, 2025

These are three of the best-run banks in the world, but one stands a little apart as the best buy.

Comparing 3 Magnificent Bank Stocks: 1 Is the Best Buy Now

Verizon

Undervalued dividend stocks can be one way to kill two birds with one stone. Notably, they provide two routes to returns: dividends and capital appreciation.

The 3 Most Undervalued Dividend Stocks to Buy in January

CHARLOTTE, N.C. , Jan. 18, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:  Series of Preferred Stock Dividend per Shareor Depositary Share1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.38278 January 31 February 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,528.35511 February 29 March 15 Adjustable Rate Non-Cumulative Preferred Stock, Series G $1,528.35511 February 29 March 15 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U $22.17796 February 15 March 1 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X $31.25 February 15 March 5 Floating Rate Non-Cumulative Preferred Stock, Series 1 $0.39989 February 15 February 28 Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.40238 February 15 February 28 Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.40877 February 15 February 28 Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.39155 February 1 February 21 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA $30.50 March 1 March 18 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD $31.50 February 15 March 11 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF $29.375 March 1 March 15 6.000% Non-Cumulative Preferred Stock, Series GG $0.375 February 1 February 16 5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 March 1 March 25 5.000% Non-Cumulative Preferred Stock, Series LL $0.3125 March 1 March 18 4.250% Non-Cumulative Preferred Stock, Series QQ $0.2656250 February 1 February 20 4.750% Non-Cumulative Preferred Stock, Series SS $0.2968750 February 1 February 20   Bank of America Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

Bank of America Declares Preferred Stock Dividends for First Quarter 2024

Johnson & Johnson

Lowe's

McDonald's

Target

Walmart

Certain stocks stand out as stalwarts in finance and commerce, charting a course toward serious wealth accumulation. The strategies of these seven companies reveal a tapestry of edgy leadership.

7 Must-Have Stocks for Serious Wealth Accumulation

Morgan Stanley

If you're wondering which bank stocks to sell this month, look no further. U.S. banks have just reported their financial results for the fourth and final quarter of 2023, and it's proven to be a mixed bag.

3 Bank Stocks to Sell in January Before They Crash and Burn

Advanced Micro Devices

There are only five companies with trillion-dollar valuations as of January 2024, but more could join over the next several years. Bank of America could benefit from normalizing interest rates and has a history of shareholder-friendly capital allocation.

2 Companies That Could Be Worth $1 Trillion by 2030

That's Bank of America Corp. Chief Executive Brian Moynihan, who said Wednesday the bank is steering toward more growth in 2024 after the industry managed to navigate the failure of three major regional banks last year.

‘The industry weathered the storm' of bank failures in a difficult 2023, says Bank of America Chief Executive Brian Moynihan

Are you planning to rush into CDs and money market funds to lock in yields before the Fed cuts rates? Wake up and see the inflation-adjusted returns of these so-called guaranteed 5% yields. We discuss lower-risk preferred securities that offer better yields and significant capital upside.

I Am Grabbing These CD-Equivalents Before The Opportunity Disappears, Yields +5.5%

Bank of America's stock (NYSE: BAC) is down 1% since the start of 2023, as compared to the 25% rise in the S&P500 index over the same period. Further, at its current price of $33 per share, it is trading 9% below its fair value of $36 – Trefis' estimate for Bank of America's valuation.

Trailing S&P500 By 26% Since The Start Of 2023, What To Expect From Bank Of America Stock?

Broadcom

Lennar

Many investors continue to prioritize dividends when buying stocks, relying on the payments for income, particularly in retirement. To many investors, dividends provide a more reliable and consistent return than stock price appreciation, which is prone to market fluctuations.

3 Top-Rated Dividend Stocks Wall Street Analysts Are Loving Now: January 2024

Three of the six largest U.S. banks announced new bond issues on Tuesday, kicking off an expected heavy week for new bank debt.

Three of 'Big Six' U.S. banks tap bond market post-earnings

One major Wall Street bank is weighing in on what it calls “an extreme scenario” in which no Group-of-10 central bank cuts interest rates this year due to sticky inflation, strong economic growth, or fresh shocks that push price gains higher.In a note on Tuesday, Athanasios Vamvakidis, a U.K.-based FX strategist at Bank of America BAC, -2.64%, said it's worth considering the implication of a seemingly “unrealistic” scenario in which major central banks stay on hold.For now, markets are pricing in about six interest rate cuts from the Federal Reserve and the European Central Bank, starting respectively in March and April; five cuts by the Bank of England; and two cuts by the Reserve Bank of Australia. BofA foresees fewer cuts for all of them due to sticky inflation, resilient economies, and “stretched” labor markets, the strategist said.

Bank of America considers ‘unthinkable' scenario of no irate cuts this year

Blackstone Group

JPMorgan CEO Jamie Dimon, Bank of America CEO Brian Moynihan, Standard Chartered CEO Bill Winters and Blackstone CEO Steve Schwarzman met Chinese Premier Li Qiang on the first day of the World Economic Forum meeting on Tuesday.

JPMorgan's Dimon, top bankers meet China's Li, Ukraine's Zelenskiy in Davos

This afternoon (or morning if you're in the States), Morgan Stanley and Goldman Sachs posted their financial results for the 2023 FY. The other financial services titans like JPMorgan, Citigroup and Wells Fargo all reported theirs last Friday.

Banking stocks' financial results this earnings season: the scars of 2023

Banks on Tuesday will urge the U.S. Federal Reserve to completely overhaul a draft rule hiking bank capital, in the latest leg of Wall Street's effort to water down the Basel Endgame proposal that bankers say will hurt the economy.

Big US banks to call on Fed to rewrite contentious bank capital rule

American Express

Mastercard

Visa

The credit cycle, as well as the business cycle in the United States economy, is getting underway for a major pivot coming into 2024. Whether you are a long-term investor or enjoy dabbling in and out of markets in trading, this new cycle could bring you several potential opportunities for your money to be deployed.

Rising credit card delinquencies make these stocks your safer bet

Bank of New York Mellon

Charles Schwab

Last year, and its final quarter in particular, saw remarkable growth both on the stock market and with numerous cryptocurrencies.

S&P 500 forecast for end of 2024

Apple

Chevron

Kraft Heinz

Coca-Cola

Occidental Petroleum

The Oracle of Omaha has overseen a nearly 4,500,000% return in his company's Class A shares (BRK.A) since becoming CEO in the mid-1960s. Dividend stocks are Berkshire Hathaway's unsung hero.

Warren Buffett Is Raking in $4.65 Billion in Annual Dividend Income From These 6 Stocks

Buffett is one of history's shrewdest and most successful dividend investors. Even though Apple's dividend yield is relatively small today, it generates huge income for Berkshire Hathaway.

Warren Buffett's Biggest Bets: 56.6% of Berkshire Hathaway's $359 Billion Portfolio Is Invested in These 2 Passive-Income-Generating Blue Chip Dividend Stocks

Bank of America shares have returned 28% since October 2023 when I argued for a "Buy", outperforming the S&P 500. Bank of America's Q4 results show strong earnings and a ~$33 billion decrease in paper losses in the securities portfolio. The outlook for interest rates in 2024 has shifted, setting BofA up for more upside in the bank's HTM asset portfolio.

Bank of America: Fed Pivot Reverses ~$33 Billion In Paper Losses, With More Upside Ahead

We are off to a good enough start in the Q4 earnings season, though it may be hard to reach that conclusion from the seemingly 'noisy' big bank results.

Breaking Down Early Q4 Earnings Results

Coinbase

PepsiCo

Here are some of the major companies whose stocks moved on the week's news.

The Score: PepsiCo, Coinbase, Bank of America and More Stocks That Defined the Week

Bank of America Corporation (BAC) Q4 2023 Earnings Call Transcript

News for Bank of America Stock (BAC)