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.

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Cost of revenue

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SG&A

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EBITDA

Net income

Earnings per share

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Current assets

Cash & equivalents

Receivables

Inventory

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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

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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

CHARLOTTE, N.C. , Oct. 16, 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 Share or Depositary Share1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.38181 October 31 November 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,534.62400 November 30 December 15 Adjustable Rate Non-Cumulative Preferred Stock, Series G $1,534.62400 November 30 December 15 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U $22.26014 November 15 December 1 Floating Rate Non-Cumulative Preferred Stock, Series 1 $0.39997 November 15 November 28 Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.40247 November 15 November 28 Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.40886 November 15 November 28 Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.39237 November 1 November 21 6.000% Non-Cumulative Preferred Stock, Series GG $0.375 November 1 November 16 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series JJ $25.625 December 1 December 20 5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 December 1 December 26 5.000% Non-Cumulative Preferred Stock, Series LL $0.3125 December 1 December 18 4.250% Non-Cumulative Preferred Stock, Series QQ $0.2656250 November 1 November 17 4.750% Non-Cumulative Preferred Stock, Series SS $0.2968750 November 1 November 17 1  Each series of preferred stock, other than Series F and Series G, is represented by depositary shares.

Bank of America Declares Preferred Stock Dividends for Fourth Quarter 2023

Bank of America Corp (NYSE:BAC) is gearing up to announce its quarterly earnings on Tuesday, October 17, 2023, at around 6:45 AM ET. Analysts are optimistic about the bank surpassing expectations, with a consensus earnings estimate of $0.80 per share on revenue totaling $25.21 billion, reflecting a 17.0% year-over-year decline.

Bank of America gears up for Q3 earnings; analysts predict strong beat

Bank of America (BAC) is expected to have witnessed a year-over-year fall in advisory fees in the third quarter of 2023 due to muted deal-making activities.

Muted Investment Banking to Hurt BofA's (BAC) Q3 Earnings

Company has also made $24 Million Investment in 2023 Neighborhood Builders® and Neighborhood Champions to Support Local Organizations CHARLOTTE, N.C. , Oct. 16, 2023 /PRNewswire/ -- Bank of America today announced the latest honorees of its Neighborhood Builders Social Equality Award (NBSE), which recognizes individual leaders from across the country who serve as catalysts in advancing social equality and economic opportunity.

Bank of America Names Neighborhood Builders Social Equality Awardees Who are Advancing Opportunities in Communities Across the Country

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

Consumers with weaker credit histories are facing pressure. And though headwinds remain, the nation's banking public remains robust at U.S. banks.

Banks beat expectations but some economic cracks form as caution abounds

Ally Financial

KeyCorp

Regions Financial

Truist Financial

U.S. Bancorp

The third-quarter earnings-reporting season got off to a very solid start on Friday, as four leading mega-cap money center banks posted stellar results.

Top Financials Blew Out Q3 Earnings on Friday: 6 Banks That Pay Huge Dividends May Do the Same This Week

Apple

AbbVie

Arbor Realty Trust

Abbott Labs

Archer-Daniels-Midland Company

Aflac

Ameriprise Financial

Amazon

American Express

Becton, Dickinson and Co.

Blackrock Inc

Bristol-Myers

Cardinal Health

Caterpillar

Cisco Systems

CVS Health

Chevron

Disney

Digital Realty Trust

Duke Energy

Emerson Electric

Enterprise Products Partners

Eaton

In 2015, I started publishing updates regarding my dividend growth portfolio, and I keep doing so every quarter. This is part of being transparent with my readers, so they can see what I hold and its correlation with my writing.

My Dividend Growth Portfolio - Q3 2023 Summary

Bank of America is a large and complex financial institution with four primary operating segments. Each of these tell an interesting story about the bank and they demonstrate how the firm operates as a whole. In all, the company looks to be really solid and shares are cheap on both an absolute basis and relative to similar firms.

Bank Of America: A Great Firm To Bank On As Earnings Near

Despite banks continuing to see benefits of high rates, worries about deposit costs and consumer credit still lurk.

Big-Bank Profits May Be Higher, but for How Much Longer?

Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted as written, but said they were hopeful they could win some changes.

Big U.S. banks warn capital hikes could weigh on green energy, equity products

Seasonality, subdued market volatility and lower client activity are expected to have hurt Bank of America's (BAC) trading revenues in the third quarter of 2023.

Subdued Trading to Hurt Bank of America's (BAC) Q3 Earnings

Bank of America's stock price weakness presents a buying opportunity due to its discount to book value. The central bank's potential rate hikes and inflation trends could fuel Bank of America's net interest income growth. The upcoming 3Q-23 earnings release could result in a stock re-rating, and attention will be on net interest income and consumer net charge-offs.

Bank of America: Why It's Finally A Buy (Rating Upgrade)

BofA's 2023 Better Money Habits Survey Uncovers Changes in Younger Americans' Spending Priorities CHARLOTTE, N.C. , Oct. 13, 2023 /PRNewswire/ -- Today, 85% of Gen Zers cite one or more barriers to achieving financial success.

Gen Z is Tightening its Belt, with 73% Modifying Lifestyles Due to Inflation

This was despite strong growth in the net interest income driven by the Fed rate hikes, leading to an increase in the Bank of America revenues.

Bank Of America Stock Has An 83% Upside To Its Pre-Inflation Shock

High rates and decent consumer loan demand are expected to have supported BofA's (BAC) NII in Q3 amid a rise in deposit and funding costs and an inverted yield curve.

High Rates, Loan Demand to Aid BofA's (BAC) Q3 Earnings

The Federal Reserve's aggressive monetary policy tightening is prompting U.S. banks to slow the flow of credit and beef up cash levels after the panic in March when Silicon Valley Bank collapsed.

How U.S. bank balance sheets have changed as Fed raises rates

Warren Buffett has doubled the annualized total return of the broad-based S&P 500 since becoming CEO of Berkshire Hathaway in the mid-1960s. A majority of Berkshire's invested assets are tied up in two brand-name businesses that check all the appropriate boxes for the Oracle of Omaha and his investment team.

56% of Warren Buffett's $341 Billion Portfolio Is Invested in These 2 Stocks

CHARLOTTE, N.C. , Oct. 12, 2023 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on October 24, 2023 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due October 2024 (CUSIP No.

Bank of America Announces Redemptions of Floating Rate Senior Notes Due October 2024 and 0.810% Fixed/Floating Rate Senior Notes Due October 2024

Options traders are braced for larger-than-usual post-earnings stock price swings for some U.S. banks, despite signs of cooling volatility in broader markets, options data showed.

Options traders see larger-than-usual stock swings as banks report results

Coca-Cola

Teladoc

Amid the unpredictability of US monetary policy, savvy investors are becoming familiar with terms like “Stocks for Climbing Interest Rates.” Why? The answer lies in the US Federal Reserve's dance with potential rate hikes, all in a bid to temper mounting inflation.

3 Stocks That Get More Attractive Every Time Interest Rates Climb

Early in the pandemic, I bought Bank of America (NYSE: BAC ) stock for my retirement account. I believed interest rates would rise, and that when money cost money, the big bank would prosper.

Interest Rates Will Stabilize Eventually. Buy This Dividend Stock Before They Do.

General Motors

The list of stocks hedge funds are buying is always lengthy but according to Morgan Stanley, hedge funds have been allocating capital to a select group of beaten down stocks on expectations that they will likely rebound in the coming months. Hedge funds are taking advantage of the 3% and 4% decline in European and U.S bank stocks.

3 Stocks Hedge Funds Are Loading Up on in Q4

JPMorgan, Wells Fargo and Citigroup will report third-quarter results on Friday, followed by others next week.

What Will Bank Earnings Say About the Economy?

Bank of America (BAC) reachead $27.02 at the closing of the latest trading day, reflecting a +0.04% change compared to its last close.

Bank of America (BAC) Increases Yet Falls Behind Market: What Investors Need to Know

PNC Financial Services

Rising interest rates have boosted earnings for U.S. banks in recent quarters. But their upcoming third-quarter earnings reports likely will disclose how that past boon has morphed into a burgeoning barrier to growth.

News for Bank of America Stock (BAC)