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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Stockholders equity

Minority interest

Total liabilities & equity

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Book value per share

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Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

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Growth Surge Driven by CashPro ®  API Network and CashPro Developer Studio NEW YORK and SINGAPORE and LONDON , Oct. 22, 2024 /PRNewswire/ -- The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs). Over the last 12 months, Bank of America has seen a 51% increase1 in clients using APIs, with growth driven by innovations that have simplified onboarding and accelerated speed to transact.

BofA Sees 51% Increase in Companies Leveraging APIs For Real-Time Treasury Needs

Consumer and Small Business Cardholders Automatically Earn Extra Cash Back, Miles or Points as They Prep for the Holiday Season CHARLOTTE, N.C. , Oct. 22, 2024 /PRNewswire/ -- Bank of America announced the return of its highly anticipated More Rewards Day, taking place on Thursday, November 7, 2024.

BofA "More Rewards Day" Takes Place Thursday, November 7

Bank of America's preferred shares offer attractive fixed dividend yields, especially BAC.PB and BAC.PK, despite loan performance challenges and Warren Buffett selling common shares. The bank's net interest income remains strong, with loans generating more interest income, although higher interest expenses persist. Bank of America's loan growth outpaces the commercial banking sector, and they have maintained a low loan to deposit ratio since the pandemic.

Bank of America: Buffett Selling Should Not Distract From Preferred Share

Goldman Sachs

Charles Schwab

We also kick off a series exploring Warren Buffett's Berkshire Hathaway.

Big Banks Report

Bank of America on Monday extended its guaranteed exchange rates by up to one year, the longest tenor in the industry, in an effort to reduce the risks to cross-currency transactions amid rising volumes.

BofA extends guaranteed FX rate window to a year

Extension Follows Growth In Cross-Border Payments Company Named World's Best Bank for FX Payments NEW YORK and SINGAPORE and LONDON , Oct. 20, 2024 /PRNewswire/ -- Bank of America is simplifying the management of foreign exchange (FX) risk associated with cross-currency payments and receipts with the introduction of Guaranteed FX Rates of up to 1-year1, the longest tenor available in the industry today.  Using this strategic solution can help companies mitigate exposure to currency fluctuations and simplify treasury management processes such as forecasting and reconciliation.

BofA Extends Guaranteed FX Rates Up to 1-Year

Why is Buffett quietly offloading a significant chunk of Berkshire Hathaway's long-held stake in Bank of America?

Warren Buffett Dumps Nearly $10 Billion of 1 Key Stock and Buys $345 Million of His Favorite Stock. Here's What You Need to Know.

Inside Bank of America the troops are getting restless, and for plenty of reasons. Culturally, Brian Moynihan is an odd fit for an outfit that's based on wheeling and dealing.

Bank of America may be looking to drop longtime CEO Brian Moynihan

Bank of America's Q3 results show solid net interest income and well-covered preferred dividends, with a net profit of $6.9B and EPS of $0.816. The bank's CET1 ratio remains stable at 11.8%, despite dividend payments and stock buybacks, indicating strong financial health. The Series GG preferred shares offer a 6% yield but carry an imminent call risk, making them less attractive for new investments.

Bank Of America: A 6% Preferred Dividend Yield Remains Attractive

CHARLOTTE, N.C. , Oct. 18, 2024 /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 Floating Rate Non-Cumulative Preferred Stock, Series E $0.36606 October 31 November 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,417.64097 November 29 December 16 Adjustable Rate Non-CumulativePreferred Stock, Series G $1,417.64097 November 29 December 16 Floating Rate Non-CumulativePreferred Stock, Series 1 $0.38077 November 15 November 29 Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.38284 November 15 November 29 Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.38923 November 15 November 29 Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.37616 November 1 November 21 6.000% Non-CumulativePreferred Stock, Series GG $0.3750000 November 1 November 18 5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 December 1 December 26 5.000% Non-Cumulative Preferred Stock, Series LL $0.3125000 December 1 December 17 4.250% Non-CumulativePreferred Stock, Series QQ $0.2656250 November 1 November 18 4.750% Non-Cumulative Preferred Stock, Series SS $0.2968750 November 1 November 18 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 2024

Bank of America stock has been fairly lackluster over the past two years or so, trailing close peer JPMorgan significantly in that time. The bank's net interest margin hasn't quite seen the same degree of upside from higher interest rates, but that should change over the full course of the cycle. Upside to NIM can drive profitability closer to management's goal. At 11x forward EPS estimates, the stock looks like a reasonable value for long-term investors.

Bank of America: Reasonable Value On Upcoming NIM Expansion

The sale brought the firm's stake back below 10%.

Berkshire Sold Bank of America Stock Again. Here's Why.

JPMorgan Chase & Co

Wells Fargo

Big banks should see NII start to improve as the yield curve normalizes.

Big Bank Stocks Climb. 3 Stocks to Consider Adding to Your Portfolio.

Billionaire Warren Buffett's Berkshire Hathaway has unloaded more Bank of America stock as it continues to trim stake in the U.S. banking giant, according to a regulatory filing.

Buffett's Berkshire continues to reduce Bank of America stake

Bank of America reported strong 3Q24 results, driven by higher investment banking fees and trading revenues, despite increased loan losses affecting its credit profile. The bank's net interest income grew QoQ, with a positive outlook for mortgage and auto loans, though YoY growth was impacted by higher deposit costs. Technically, the stock is bullish, breaking above key moving averages, and remains undervalued compared to peers, suggesting potential for further upside.

Bank of America: Q3 Points To Upside Breakout (Technical Analysis)

Bank of America was once Berkshire Hathaway's second-largest position, but Buffett has sold about 25% of it so far.

Why Warren Buffett Just Sold $10.5 Billion Worth of One of Berkshire Hathaway's Largest Holdings

Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Earnings Results Provide Reassuring Economic View

CHARLOTTE, N.C. , Oct. 16, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, payable on December 27, 2024 to shareholders of record as of December 6, 2024.

Bank of America Declares Fourth Quarter 2024 Stock Dividends

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Bank of America To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Wednesday

Bank of America Corp BAC reported upbeat earnings on Tuesday for its third quarter.

Bank Of America Inflection To Continue Into Q4, Analysts Provide Takeaways From Q3 Results

Citigroup

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares US Financial Services ETF

Invesco KBW Bank ETF

Vanguard Financials ETF

Financial Select Sector SPDR Fund

A positive momentum has been noticed in the field of bank earnings. Related stocks and ETFs should gain in the near term.

Time for Big Bank ETFs on Upbeat Earnings?

Bank of America released its third quarter earnings Yesterday. The release beat expectations on revenue as well as on earnings per share. Shortly after the release came out, I sold 33% of my shares.

Bank of America Q3: Why I Sold Shares After Earnings

Earnings season has kicked off, and as usual, the banking and finance sector pushes the envelope first to show investors where the next market trend might be headed. Considering that financial services and markets make up a large portion of the United States economy, investors need to be able to understand what banking earnings mean.

Bank of America Earnings Uncover Shifts in Consumer Spending

As interest income rises, BofA also stands to gain from a trading and investment-banking bump.

Bank of America's Wall Street Bet Pays Off

Bank of America reported Q3 earnings with a slight stock increase of 0.55%, surpassing most analyst estimates. The key highlight is that net interest income started seeing a sequential recovery of 2%, despite an EPS decline. After Q3 earnings, the price-to-tangible book valuation became cheaper, so I reiterated my "buy rating" on the stock.

News for Bank of America Stock (BAC)