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

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

Bank of America has faced headwinds in 2023, including bank runs and increased capital requirements, leading to a discount in its stock price. The bank has strong leadership, low-cost deposits, and a focus on technology, making it an attractive investment. Bank of America had a strong second quarter, with earnings per share up 21% YoY, and the stock is trading at a discount to its intrinsic value.

Out Of Favor Bank of America Is A Smart Buy At Current Levels

Located across 42 states and 14 countries, BofA inventors continue to build on its portfolio of more than 6,100 patents and applications. BofA has the most granted U.S. patents out of any financial services company.

Bank of America's inventor base exceeds 7,000

Bank of America has unveiled a platform to help business clients digitize trade finance. The company's CashPro Supply Chain Solutions tool is designed to offer supply chain participants “improved process efficiency and working capital optimization,” Bank of American said in a Monday (Sept. 18) press release.

Bank of America Debuts Tool to Digitize Trade Finance

Open Account Automation Marks First Phase of a Multi-Year Investment Benefiting All Parties in Supply Chain, Delivering Greater Visibility and Speed NEW YORK and TORONTO , Sept. 18, 2023 /PRNewswire/ -- As part of a multi-year effort to transform trade finance, Bank of America is launching CashPro Supply Chain Solutions, a platform that will offer participants in a supply chain the benefits of digitization with improved process efficiency and working capital optimization.

BofA Continues to Modernize Trade Finance with the Launch of CashPro® Supply Chain Solutions

Integration of Erica® Technology Strengthens Self-Service Capabilities for Over 40,000 Clients Around the World NEW YORK , Sept. 18, 2023 /PRNewswire/ -- Bank of America is elevating the experience of its business clients through enhancements to CashPro Chat, a virtual service advisor within the CashPro banking platform.

Enhancements to BofA's CashPro® Chat Create Greater Efficiencies for Business Clients

CHARLOTTE, N.C. , Sept. 18, 2023 /PRNewswire/ -- Bank of America Corporation today announced a corrected dividend amount on the Floating Rate Non-Cumulative Preferred Stock, Series F and the Adjustable Rate Non-Cumulative Preferred Stock, Series G, originally announced on July 14, 2023.

Bank of America Announces Dividend Correction on Series F and Series G Preferred Stock

General Mills

Skyworks Solutions

If that sounds appealing, then you may want to take a look at General Mills Inc. NYSE: GIS, Bank of America Co. NYSE: BAC and Skyworks Solutions Inc. NASDAQ: SWKS, all stocks meeting that description.

Want Income? These 3 Stocks Boosting Their Dividend Payouts

Bank of America's stability and financial health in the current economic environment is reassuring, with solid credit quality and cautious client spending despite some economic uncertainties. The bank faces challenges like declining net interest income due to an inverted yield curve and potential risks related to rising interest rates and economic indicators pointing towards elevated unemployment. While Bank of America appears to be trading below its fair value, investing in non-bank alternatives with similar yields may come with a better risk/reward.

15 Years After Lehman - Why I Wouldn't Buy Bank of America

Bank of America Corporation stock has underperformed its peers and JPMorgan Chase since late July, despite posting strong Q2 performance. The market has derated Bank of America downward to reflect higher execution risks as interest rate tailwinds are expected to peak. The risks of higher capital requirements likely worried investors, coupled with its HTM securities in its balance sheet.

Bank of America: Dip Buyers Have Returned, Might Be Gone If You Wait

Bank of America (BAC) is in a similar situation to 2017, and current buyers could benefit from future capital gains and dividend increases. BAC has made progress and growth over the last decade, and concerns about the recent banking crisis and raising rates are temporary. BAC's extensive reach, client acquisition engine, and active management of credit card debt indicate a potential for growth and stability.

Bank of America: Recent Weakness Makes It Appealing For Dividend Growth Investors

Apple

American Express

Since becoming CEO in 1965, Warren Buffett has overseen a greater-than 4,450,000% return in Berkshire Hathaway's Class A shares (BRK.A). Portfolio concentration has played a pivotal role in Warren Buffett's success as an investor.

61% of Warren Buffett's $353 Billion Portfolio Is Invested in Just 3 Stocks

BofA (BAC) will waive the $4.95 monthly fee for accounts with a minimum daily balance of $500 or more starting this November.

Bank of America (BAC) to Expand SafeBalance Account Fee Waivers

Capital One

Goldman Sachs

Mastercard

Morgan Stanley

Charles Schwab

UBS Group AG

If you're looking for financial services stocks to buy, look no further. Bank stocks have underperformed by a wide margin this year.

The 7 Most Undervalued Financial Services Stocks to Buy in September 2023

Bank of America Corp. BAC, +1.72% said Wednesday it will waive the $4.95 monthly fee of its SafeBalance checking account program for accounts with a minimum daily balance of $500 starting in November. Bank of America also said SafeBalance customers will also see the $4.95 monthly fee waived for account holders under age 25, with the elimination of the requirement for being enrolled in school.

Bank of America waiving $4.95 fee for SafeBalance customers with $500 or more in their account

Total Accounts Surpass 5 Million, Including 2 Million Students CHARLOTTE, N.C. , Sept. 13, 2023 /PRNewswire/ -- Bank of America today announced plans to expand the monthly maintenance fee waiver criteria for SafeBalance®, an easy-to-use account that helps clients manage day-to-day finances with no overdraft fees.

BofA Expands Fee Waivers for SafeBalance® Account

Broadcom

Cisco Systems

NextEra Energy

AT&T

Some of the best opportunities can be found in undervalued dividend stocks with growth potential. In fact, I found seven of them which have at least 2% dividend yields with relatively low valuations, and solid growth prospects ahead of them.

The 7 Most Undervalued Dividend Stocks With Growth Potential to Buy in September 2023

BofA's (BAC) CFO expects the company to perform slightly better than the industry's expected 30-35% decline in third-quarter 2023 IB fees.

BofA (BAC) Sees Q3 IB Fee Dip, Reiterates NII & Expense Outlook

CVS Health

Disney

Alphabet

JPMorgan Chase & Co

Medtronic

Microsoft

Pfizer

Seasonal tendencies for the U.S. stock market between now and the end of the year will favor large-cap stocks over small caps.

Why large-cap stocks are a better bet for the rest of 2023 — and 10 you want to own

Bank of America Corporation (NYSE:BAC ) Barclays Global Financial Services Conference September 11, 2023 2:45 PM ET Company Participants Dean Athanasia - President, Regional Banking Alastair Borthwick - CFO Conference Call Participants Jason Goldberg - Barclays Jason Goldberg As everyone takes the seat, we will put up the ARS question to ask everyone, we are going to ask take a bit of their time. Next up, very pleased to have Bank of America with us, from the company, Dean Athanasia, who runs Regional Banking; Alastair Borthwick, who is the Chief Financial Officer.

Bank of America Corporation (BAC) Barclays Global Financial Services Conference (Transcript)

Investment banking fees are down 30% to 35% in the third quarter from a year earlier for the sector, but Bank of America will fare better than that average, its chief financial officer said on Monday.

Bank of America says Q3 investment banking fees down 30%-35% for sector

Fifth Third Bancorp

M.D.C. Holdings

Old National Bancorp

PNC Financial Services

Banks currently are the industry group that is most popular with the top-performing newsletters that my auditing firm monitors.

Why these investors love bank stocks

Amazon

Realty Income Corp

Volkswagen AG

York Water

Last week, yields on short-dated U.S. Treasuries quietly climbed to their highest point in almost 25 years. The effects of that rise, however, have been anything but silent.

5 Stocks to Buy on a Potential Debt Avalanche

Chevron

Coca-Cola

Occidental Petroleum

The conglomerate owns $178 billion in Apple shares, which is roughly 50% of its portfolio. Its next-largest holdings include stocks in the financial, energy, and consumer goods sectors.

Half of Warren Buffett's Portfolio Is in Apple. These 5 Stocks Make Up 66% of the Other Half.

Berkshire Hathaway's stock portfolio is a great resource to mine new investing ideas. Bank of America, Berkshire's second-largest stock position, screens as a compelling buy this month for multiple reasons.

1 No-Brainer Warren Buffett Stock to Buy in September

Citigroup

Wells Fargo

FDIC-Insured banks' (like JPM, BAC, C & WFC) Q2 earnings improve on higher rates, decent loan demand and efforts to bolster fee income. Yet, rising funding costs, poor asset quality and lower deposit balance remain headwinds.

News for Bank of America Stock (BAC)