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

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Profit Margin

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

Provision for credit losses

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Year over year growth in Revenue and Operating Expenses.

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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.

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.

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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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We had upgraded Bank Of America to a Buy in October. We had also stuck a buy on busted preferred shares. We tell you why we are moving to sidelines on both.

Bank Of America: Time To Take Profits

Comcast

McDonald's

PepsiCo

Target

Exxon Mobil

The company's restaurants offer: Hamburgers and cheeseburgers Chicken sandwiches and nuggets Wraps Fries Salads Oatmeal Shakes Desserts Sundaes Soft serve cones Bakery items Soft drinks, coffee, and beverages Biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches The company operates a stunning 40,275 McDonald's locations worldwide as of early 2023.

6 Dividend Stocks With Businesses Anyone Can Understand

Fiserv

MercadoLibre

Fintech stocks still have a lot of potential to deliver solid gains for investors. These companies are pioneering how we transact money and sometimes challenge the nature of money with the case of cryptocurrencies such as Bitcoin ( BTC-USD ).

3 Fintech Stocks You'll Regret Not Buying Soon: December Edition

Bank of America stock has outperformed the S&P 500 since my previous update in September, as I urged investors to capitalize on the market's pessimism. BAC's valuation has normalized significantly, trading at a forward-adjusted P/E of 10.5x. As a result, the best buy levels are likely gone at BAC's cyclical lows in October 2023. BofA anticipates improved NIM dynamics and expects higher rates to continue benefiting its earnings visibility in the medium term.

Bank of America: Don't Be Fooled Into Getting Out This Early

Bank of America's loan book and securities portfolio have a significant difference between fair value and book value. The unrealized losses on the portfolio of securities held to maturity amount to $131 billion. The Series GG preferred shares of Bank of America offer an attractive yield and are callable at any moment.

Bank of America: Lower Interest Rates Will Restore Confidence

Citigroup

JPMorgan Chase & Co

Wells Fargo

The earnings calendar is barren until the end of the year, but earnings aren't far off for leaders like JPMorgan and Wells Fargo.

Earnings Calendar Spotlight: 4 Red-Hot Financial Stocks To Watch As Q4 Earnings Season Looms

Apple

American Express

The Oracle of Omaha has thoroughly outperformed the benchmark S&P 500 for nearly six decades. Warren Buffett has long believed that his and his teams' top investment ideas should hold added weight in Berkshire's investment portfolio.

65% of Warren Buffett's $374 Billion Portfolio Is Invested in Just 3 Stocks

Kroger

Warren Buffet is one of the most successful investors of all time as chairman of Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ), the conglomerate with an equity portfolio worth more than $300 billion. The average investor, however, can be successful in their own right by following the advice and actions of Buffett.

3 Warren Buffett-Approved Dividend Stocks

The capital will support an estimated 96 MW of C&I and community solar projects spanning more than nine states Represents Radial Power's inaugural tax equity financing transaction NEW YORK , Dec. 20, 2023 /PRNewswire/ -- Radial Power announced today that it has closed on $80 million in tax equity financing from Bank of America to support the company's pipeline of distributed generation projects through late 2024, encompassing both asset and portfolio-level turn-key integrated commercial & industrial (C&I) and community solar solutions.  This tax equity capital raise, alongside backleverage, will help fund the development and installation of an estimated 96 MW of C&I and community solar projects, across more than nine states and for multiple anchor real estate customers.

RADIAL POWER SECURES $80 MILLION IN TAX EQUITY FINANCING FROM BANK OF AMERICA

Coca-Cola

Coca-Cola recently forked over a large dividend payment to Buffett's Berkshire Hathaway. Berkshire will receive an even greater amount when Bank of America pays its Q4 dividends on Dec. 29.

Meet the Stock That Just Paid Warren Buffett $184 Million in Quarterly Dividends, and Another That's About to Pay Him $248 Million

Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.

Earnings Growth & Price Strength Make Bank of America (BAC) a Stock to Watch

In less than eight years, Apple has become Berkshire Hathaway's largest holding by a mile. Bank of America is Buffett and Berkshire's second largest holding.

57.7% of Warren Buffett's $375 Billion Portfolio Is Invested in These 2 Dividend-Paying Stocks

I have been giving Bank of America stock positive coverage all year long due to the opportunities presented by the Spring banking crisis and subsequent treasury yield panic. Unfortunately Bank of America has rallied 28% off the lows and is no longer all that cheap. Fortunately the company's preferred shares yield 6.24% so that's an alternative for those who don't see Bank of America rising much further.

Bank Of America: Grab The 6% Yield Preferreds

In terms of market cap, a tech giant comprises nearly half of Berkshire's entire equity portfolio. Berkshire also gets paid regularly by a bank familiar to nearly every American.

2 Hot Warren Buffett Stocks That Raised Their Dividends This Year

Amazon

Mastercard

Moody's

Markel

Amazon has solid growth prospects in e-commerce and even better opportunities with its cloud services platform. Bank of America ranks among the most innovative banks in the world.

Got $1,000? 5 Buffett Stocks to Buy and Hold Forever

Bank of America is expected to significantly increase profitability in a normalized interest rate environment due to its low-cost deposit base. The bank's market power and customer trust enable it to maintain higher spreads as interest rates rise. The bank's asset portfolio will take time to adjust to higher rates, but overall net interest margins are expected to improve over the next 5 years.

Bank Of America: The Soaring Value Of Low-Cost Deposit Base

CHARLOTTE, N.C. , Dec. 15, 2023 /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 Share 1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.125 January 1 January 30 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 January 1 January 24 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM $21.50 January 1 January 29 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 January 15 February 5 4.125% Non-Cumulative Preferred Stock, Series PP $0.2578125 January 15 February 2 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR $10.9375000 January 1 January 29 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT $15.3125000 January 1 January 29 1 Each series of preferred stock, other than Series L, is represented by depositary shares.

Bank of America Declares First Quarter 2024 Preferred Stock Dividends

Bank of America (BAC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Bank of America (BAC): Can Its 5.9% Jump Turn into More Strength?

PNC Financial Services

An analyst upgraded his recommendations on no less than five banking stocks. He feels that the Fed gave the sector a major boost on Wednesday.

Why Bank of America and PNC Stocks Crushed the Market Today

Goldman Sachs

Morgan Stanley

Corporate bonds from the big money-center banks are rallying in concert with their stock prices amid more bullish sentiment on Wall Street about potential interest-rate cuts in 2024.

Bond prices rally for JPMorgan, Morgan Stanley, Goldman Sachs and Bank of America as sentiment turns bullish on money-center banks

Nu Holdings

I have great respect for Warren Buffett. He's one of the great “buy-and-hold” investors of all time.

The 3 Most Undervalued Warren Buffett Stocks to Buy in December

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest level since early March just before a crisis that put some banks out of business.

Bank stocks rally to pre-crisis levels after Fed meeting

Fifth Third Bancorp

SoFi Technologies

Bank stocks are up today and investors wonder why have come to the right place! The reason that bank stocks are up on Thursday has to do with an update from the Federal Reserve.

Why Are Bank Stocks Up Today?

Bank of Hawaii

Citizens Financial Group

The Fed signals interest rate cuts for 2024, driving the bank stocks higher. The rate cuts offer banks, including JPMorgan (JPM), Bank of America (BAC), Citizens Financial (CFG) and Bank of Hawaii (BOH), a much-needed breather and will aid financials.

Bank Stocks Soar as Fed Signals Three Rate Cuts for 2024

Several major bank stocks jumped after the U.S. Federal Reserve held rates steady for the third straight time on Wednesday. Fed officials also signaled at least three rate cuts in 2024.

News for Bank of America Stock (BAC)