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

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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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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

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Purchase/sale of investments

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Free cash flow

BofA reported strong Q3 2023 results, but also revealed losses in the bank's HTM portfolio worth $131 billion. While I do earnings headwind as a consequence of the HTM paper losses, I defend a differentiated approach to BofA's ability to deliver shareholder value. Consensus sees BofA earning about $3.5/ share through 2028. If this is correct, investors buying the bank's equity at $27/ share will likely enjoy a 13% yield.

Bank of America: In Defense Of Its Multi-Billion Paper Losses

Bank of America Corporation is operating from a position of relative strength despite industry challenges and risks to the sector. The bank's stock price has fluctuated due to the impact of higher interest rates and the banking crisis. Bank of America has maintained stable net interest income and has a stable deposit base, but there are risks associated with the business model.

Bank of America: Impressive, But Still Concerning

Bank of America's Q3-2023 results showed robust revenues and a 10% increase in net income. The deposit flight that affected regional banks did not impact Bank of America, with 200,000 new checking accounts added and steady total deposits. We tell you why BAC could actually go up in a recession and upgrade this to a buy.

Bank of America Could Go Up In A Mild Recession

Bank of America helped rehabilitate some businesses it got from the Federal Reserves back in 2008 that are now subsidiaries. "Mark-to-market" valuations have little effect on the bank's business as long as a going concern is assumed and holds the securities to maturity. "Mark-to-market" valuations represent an opportunity cost that the certainty of future profits requires the company in question to give up.

Bank of America: The Elephant In The Room

Apple

Coca-Cola

Lennar

VanEck Morningstar Wide Moat ETF

Occidental Petroleum

T-Mobile US

At 93, Warren Buffett is now worth $116.2 billion. That's because he's been very careful with what he invests in.

The 7 Best Warren Buffett Stocks to Buy Now: October 2023

What Apple lacks in dividend yield, it makes up for in dividend growth. Bank of America's dividend yield of 3.5% looks especially attractive.

Nearly $212 Billion of Warren Buffett's Portfolio Is Invested in These 3 Super-Reliable Dividend Stocks

Ally Financial

Citigroup

Capital One

Chevron

D.R. Horton

General Motors

Jefferies Financial Group Inc

Johnson & Johnson

Kraft Heinz

Kroger

Louisiana-Pacific

Mondelez

Paramount Global

This Buffett holdings list from Kiplinger first appeared 8/21/23 on-line. Kiplinger, YCharts and Dogs of The Dow all track this Buffett/Berkshire batch. Here is your update from 10/17/23 YCharts data. 32 of 48 current Berkshire-Hathaway-owned-stocks pay dividends. As of 10/17/23 the top-ten ranged 3.05%-5.08% by annual-yield and 45 of 48 ranged 0.83% to 64.28% per broker-estimated target-price-upsides.

Buffett's 6 Dividend Buys For October

Procter & Gamble

Investing legend Warren Buffett has long preferred to own dividend stocks. BofA looks cheap, and the stock has a lot of runway to raise its 3.5%-yielding dividend.

The Best Warren Buffett Stocks You Can Buy With Huge Passive Income Potential

Goldman Sachs

Today's market is more treacherous than ever; this is not your father's - or even your grandfather's - business cycle; it is a new battlefield out there. Previously, when uncertainty became present throughout markets, information took weeks and sometimes months to dissipate and begin to move assets accordingly; today, it is almost instant.

Commercial Vs Investment Bank, Two Powerhouses Have THIS To Say

American Express

Nu Holdings

Berkshire Hathaway owns six different bank stocks in its massive portfolio. All but one of them are significantly underperforming the S&P 500 this year.

5 Out of 6 Warren Buffett Bank Stocks Are Underperforming the S&P 500 in 2023 -- Which Are the Best Buys Now?

Bank of America stock has declined in 2023 due to several reasons. Buffett likes the stock largely because of its business model, dividend, and valuation.

Warren Buffett Owns Over $28 Billion of This Beaten-Down Stock. Here's Why It's a No-Brainer Buy Right Now

Morgan Stanley

Wells Fargo

Staffing levels at some of America's biggest banks are reportedly getting smaller. Aside from the country's largest lender, JPMorgan Chase, the five biggest banks in the U.S. have quietly been cutting jobs all year, CNBC reported Thursday (Oct. 19.

Biggest Banks Cut 20,000 Jobs Amid High Interest Rates

Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.

Big banks are quietly cutting thousands of employees, and more layoffs are coming

Bank of America still sees a soft landing, expecting the economy to trough in the middle of next year. Management said high interest rates would be a tailwind for profits.

Think Bank of America Stock Is Too Risky? Listen to What the CEO Just Said

With lending conditions "tight" and consumer temperature on inflation concerns still hot, Bank of America Chairman and CEO Brian Moynihan reveals timing of an economic slowdown.

Bank of America CEO says tight lending environment will lead to a slowdown in the US economy

Comcast

Home Depot

Mastercard

McDonald's

Royal Bank of Canada

Charles Schwab

Visa

I believe that a well-balanced and broadly diversified portfolio with a reduced risk level is the key to long-term investment success. Dividend growth companies are crucial for a well-balanced portfolio, since they can serve as growth drivers for your wealth. I will introduce you to 10 dividend growth companies that stand out due to their appealing Valuation, growth perspectives, financial health, and competitive advantages.

October 2023's Top 10 Dividend Growth Stocks: Your Path To Wealth And Stability

CHARLOTTE, N.C. , Oct. 18, 2023 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.24 per share, payable on December 29, 2023 to shareholders of record as of December 1, 2023.

Bank of America Declares Fourth-Quarter 2023 Stock Dividend

AbbVie

AGNC Investment

Allianz SE

Antero Midstream Partners

Apple Hospitality REIT

Ares Capital

Apollo Commercial Real Estate Finance

Broadcom

Boeing

Alibaba

BASF SE

Brookfield Renewable Partners

B&G Foods

Bank of Montreal

Bayerische Motoren Werke AG

Bank of Nova Scotia

BRT Apartments

Blackstone Group

Colgate-Palmolive

Canadian Imperial Bank of Commerce

My Dividend Stock Portfolio: New September Dividend Record - 98 Holdings With 22 Buys

Goldman Sachs and Bank of America have announced a markedly opposite set of financial results as the run of bank earnings calls continues.

Goldman Sachs Profit Falls 36% As Bank Of America Notches Earnings Beat

Bank of America Corporation (NYSE:BAC ) Q3 2023 Earnings Call Transcript October 17, 2023 8:30 AM ET Company Participants Lee McEntire - IR Brian Moynihan - CEO Alastair Borthwick - CFO Conference Call Participants Gerard Cassidy - RBC Jim Mitchell - Seaport Global Erika Najarian - UBS Mike Mayo - Wells Fargo Steven Chubak - Wolfe Research Matt O'Connor - Deutsche Bank John McDonald - Autonomous Research Vivek Juneja - JPMorgan Ken Usdin - Jefferies Manan Gosalia - Morgan Stanley Chris Kotowski - Oppenheimer Operator Good day everyone and welcome to the Bank of America Earnings Announcement. At this time, all participants are in a listen-only mode.

Bank of America Corporation (BAC) Q3 2023 Earnings Call Transcript

Fixed-rate bonds that lost value as interest rates rose can even help out in some ways.

Bondholdings Become Less of a Burden at Bank of America, Other Big Banks

Bank of America's earnings showed a continued surge in P2P volumes, as Zelle transactions climbed double digits, measured year over year. As noted in presentation materials released Tuesday (Oct. 17), the bank said that digital adoption, overall, has touched 74% of the bank's consumers, representing 46 million digital active users, and 3.2 billion digital logins.

Bank of America Says Zelle Transactions Climb 27% Year over Year

Retail Sales infer a consumer willing to spend, and the outlook for Q3 GDP is likely up somewhat on this news.

Retail Sales Hotter at +0.7%; JNJ, BAC, GS All Beat in Q3

Interest rate hikes by the Federal Reserve to bring down inflation helped Bank of America (BAC) post better-than-expected results, and shares rose over 1% in early trading on Tuesday.

Bank of America Posts Better-Than-Expected Profit on High Interest Rates

News for Bank of America Stock (BAC)