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.

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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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Ally Financial

American Express

Citigroup

Capital One

Mastercard

Visa

If any investor has stood the test of time, it is Warren Buffett, and with good reason.

As Interest Rates Explode Higher, 7 ‘Strong Buy' Warren Buffett Dividend Stocks Will Benefit Big Time

Apple

Amazon

General Motors

Coca-Cola

Occidental Petroleum

Warren Buffett is an investing legend. The stock portfolio of his holding company Berkshire Hathaway (NYSE: BRK-A /NYSE: BRK-B ) is closely followed by investors all over the world.

7 Warren Buffett Stocks That Should Be On Every Investor's Radar This Fall

BofA's (BAC) CFO believes that robust consumer spending has reduced the likelihood of a recession in the United States. He reiterates the third-quarter net interest income outlook.

BofA (BAC) CFO Optimistic on US Economy, Confirms Q3 NII View

Barclays

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Royal Bank of Canada

Wells Fargo

A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond.

Eight big banks must face US cities' bond collusion claims

Bank of America's minimum hourly pay will become $23 once the company's planned increase happens. That $1 bump is slated for U.S. employees in October.

Bank of America will increase their minimum wage to $23 an hour

CHARLOTTE, N.C. , Sept. 20, 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 Share 1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.125 October 1 October 30 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z $32.500 October 1 October 23 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 October 1 October 24 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 October 15 November 3 4.125% Non-Cumulative Preferred Stock, Series PP $0.2578125 October 15 November 2 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR $10.9375000 October 1 October 27 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT $15.3125000 October 1 October 27 1 Each series of preferred stock, other than Series L, is represented by depositary shares.

Bank of America Declares Fourth Quarter 2023 Preferred Stock Dividends

Bank of America Corporation (NYSE:BAC ) BofA Securities 28th Annual Financials CEO Conference September 20, 2023 7:15 AM ET Company Participants Alastair Borthwick - CFO Conference Call Participants Unidentified Analyst Thanks very much for being back with us. So this is a low stress day for me.

Bank of America Corporation (BAC) Presents at BofA Securities 28th Annual Financials CEO Conference (Transcript)

Bank of America will boost its minimum hourly wage to $23 in October as it heads toward a goal of raising hourly pay to $25 by 2025, the company said in a statement Wednesday.

Bank of America to raise minimum wage to $23 an hour in October

Yearly Minimum Rate of Pay for Full-Time Employees will Increase to Nearly $48,000 CHARLOTTE, N.C. , Sept. 20, 2023 /PRNewswire/ -- Today, Bank of America announced it has again increased its U.S. minimum hourly wage for employees on its stated path to $25 by 2025.

Bank of America Increases US Minimum Hourly Wage to $23 as Next Step to $25 by 2025

Chevron

Kraft Heinz

Moody's

Warren Buffett has effectively doubled the annualized total return of the benchmark S&P 500 since 1965. Portfolio concentration has proved crucial to the Oracle of Omaha's success as an investor.

88% of Warren Buffett's $352 Billion Portfolio Is Invested in Just 4 Sectors

Snowflake

Berkshire Hathaway owns stakes in more than 50 public companies Many of the stocks in Berkshire's portfolio use artificial intelligence as part of their operations. Warren Buffett would never buy a stock solely because of AI, but he's set to benefit significantly from the technology.

7 Artificial Intelligence Stocks Owned by Warren Buffett's $803 Billion Investment Company

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

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

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.

News for Bank of America Stock (BAC)