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

Citigroup

JPMorgan Chase & Co

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

Financial Select Sector SPDR Fund

Bank stock indexes were moving higher on Wednesday to mark their sixth straight day of gains, as bond yields eased back. The SPDR S&P Bank ETF KBE, +0.87% was up 0.7% and is trading at its highest level since Sept.

Bank stock indexes mark sixth straight day of gains in morning trades

High rates and decent consumer loan demand are expected to have offered some support to Bank of America's (BAC) Q3 earnings amid rising deposit cost, higher provisions and weakness in IB and trading.

High Rates to Aid BofA (BAC) Q3 Earnings, IB & Trading to Hurt

CME Group

To combat rising inflation, the U.S. Federal Reserve has raised the Federal Funds Rate from a range of 0% to 0.25% in March 2022 to a range of 5.25% to 5.5% at the time of writing. Now, since this key rate has reached its highest level since 2001, it has consumers wondering have interest rates peaked?

Have Interest Rates Peaked? Why Bill Ackman Thinks Fed Rate Hikes Are Done

Alibaba

Wells Fargo

Charlie Munger, vice chairman of Berkshire Hathaway (NYSE: BRK.A )/(NYSE: BRK.B ) is one of the biggest names in the investing world with an impeccable track record over the years. Consequently, Charlie Munger stocks serve as barometers many investors emulate in the pursuit of wealth-building strategies.

3 Stocks Charlie Munger Believes Can Survive These Economic Headwinds

Amgen

Blackrock Inc

ConocoPhillips

Goldman Sachs

Johnson & Johnson

Coca-Cola

MetLife

Altria

Morgan Stanley

NextEra Energy

Paychex

Pfizer

PNC Financial Services

Phillips 66

Sempra Energy

Texas Instruments

U.S. Bancorp

Vanguard High Dividend Yield ETF

There are 20 stocks on my high yield watchlist for October 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks underperformed the Vanguard High Yield Dividend ETF by about 0.50% during the month of September.

High Yield Stock Watchlist - October 2023

Bank of America (BAC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bank of America (BAC) Expected to Beat Earnings Estimates: Should You Buy?

CHARLOTTE, N.C. , Oct. 10, 2023 /PRNewswire/ -- As previously announced, Bank of America will report its third-quarter 2023 financial results on Tuesday, October 17.

Bank of America to Report Third-Quarter 2023 Financial Results on October 17

The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key driver of earnings for banks, has been boosted by the Federal Reserve's benchmark rate hikes over the last 18 months.

Slowing Loan Growth Expected to Squeeze Big US Banks' Profits

Bank of America Corp   (NYSE:BAC) stock is up 0.8% to trade at $26.29, brushing off a minor price-target cut from UBS to $35 from $36.

Options Traders Clocked This Bank Stock's Pullback

JPMorgan Chase & Co. Chief Executive Jamie Dimon acknowledged the tragedy of bloodshed in Israel and said bank employees remained safe over the weekend, as bank stocks fell more deeply into the red than the broad market on Monday.

JPMorgan's Jamie Dimon says bank employees safe over the weekend; bank stocks fall on heels of Israel-Hamas war

STAG Industrial

Interest rate-related concerns have pressured Stag Industrial shares so low that they offer a 4.3% yield at recent prices. Bank of America manages its assets more carefully than the regional banks that failed this spring, but its stock price has been beaten down regardless.

3 Exceptional Dividend Stocks With Yields Above 3% to Buy and Hold

Profit updates from the U.S.'s largest banks are expected to fare better than their stock price weakness would suggest when third-quarter earnings season kicks off this coming Friday.

Bank earnings await after a weak quarter for stock prices, but the biggest names remain more favored

You might have expected financial stocks to be among the worst performers in the S&P 500 this year, in light of three high-profile bank failures, the pressure from the decline in market values for banks' bond holdings and the competition for deposits as interest rates have risen. But the financial sector is down 2.8% this year with dividends reinvested.

Here's what to expect when banks report earnings, and how cheap their stocks are now

General Motors

Stocks have fallen since the end of July, with the S&P 500 down 7%. Coca-Cola, Bank of America, and several other big names have fallen to 52-week lows amid the sell-off.

Coca-Cola, Bank of America, and other big-name stocks just hit their lowest levels in a year as the market sell-off rages on

Bank of America stock has taken a beating this year, falling 9.95% in the last month and 23% for the year. The stock has been affected by concerns about treasury yields and unrealized losses. BAC has a large amount of unrealized treasury losses, but its liquidity is still superior to that of the other Big Four banks--including JP Morgan.

Bank of America: Now Things Are Getting Interesting

American Express

Kraft Heinz

Bank of America is undervalued, even by the standards of bank stocks, in the current environment. Kraft Heinz is in the midst of an effective turnaround effort, but its impacts have been obscured.

3 Warren Buffett Stocks to Buy Hand Over Fist In October

Alaska Air Group

Dominion Energy

Realty Income Corp

Skyworks Solutions

AT&T

Down markets spawn the next set of winners. When the tape is lousy, creating a shopping list of stocks to buy is a lot more constructive than tracking portfolio drawdown. The article provides a short list of six stocks I believe warrant further due diligence: including Bank of America, Alaska Air Group, Dominion Energy, Realty Income, AT&T, and Skyworks Solutions.

A Lousy Tape Demands A Shopping List

Annual Bank of America report also spotlights women, Hispanic-Latino, Black, and Asian American and Pacific Islander business owners' concerns and outlook CHARLOTTE, N.C. , Oct. 4, 2023 /PRNewswire/ -- Small business owners nationwide continue to be bullish on their own business outlook, as 67% anticipate revenue growth over the next 12 months, despite the ongoing impacts of inflation and high operating costs, according to Bank of America's 2023 Women & Minority Business Owner Spotlight.

67% of Small Business Owners Foresee Revenue Increasing Over the Next Year; Supply Chain and Labor Issues Easing

Apple

Chevron

Moody's

Occidental Petroleum

At 93 years of age, Warren Buffett remains a stalwart in the world of investing, earning recognition as one of the most successful stock investors in history.

Warren Buffett's portfolio up 60% in 5 years: Here are the biggest winners

Agilent Technologies

Analog Devices

Autodesk

Amazon

Boeing

Biogen

Bank of New York Mellon

Bristol-Myers

Colgate-Palmolive

Clorox

Comcast

Compass Minerals

Campbell Soup

Salesforce

Corteva Inc

Disney

Ecolab

Equifax

Estee Lauder

Etsy

Fortinet

Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison. We share the heat map of the most investable candidates that may be worth your time for further analysis.

U.S. Wide-Moat Stocks On Sale - The October 2023 Heat Map

News for Bank of America Stock (BAC)