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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Cost of revenue

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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

Trading bonds is working out better than holding them.

Bonds Are a Problem, and One Solution, for Bank of America

Impressive trading and IB performance, and solid NII growth on high interest rates support BofA's (BAC) Q2 earnings amid an increase in deposit cost, worsening credit quality and a rise in expenses.

BofA's (BAC) Q2 Earnings Beat on Robust Trading, IB & NII

Although the revenue and EPS for Bank of America (BAC) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Bank of America (BAC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Bank of America (BAC) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.73 per share a year ago.

Bank of America (BAC) Tops Q2 Earnings and Revenue Estimates

Results from banks like Bank of America NYSE: BAC and JPMorgan Chase NYSE: JPM suggest the Fed is getting closer to achieving its much-desired soft-landing. Bank of America's Q2 results are driven by increased client activity compounded by higher interest rates.

Banking On Bank Of America In The 2nd Half

Morgan Stanley

Markets prepared for a flat open Tuesday morning. Bank of America reported surprising strength in its trading operations.

What These 2 Big Bank Stocks Are Saying About the Bull Market

Bank of America (NYSE: BAC) had a strong quarter, helped by rising interest rates. The company's revenue jumped by 11% to over $25.33 billion.

Bank of America (BofA) Q2 revenue and profits jumps as rates rise

Bank of America Corp (NYSE:BAC) has posted second-quarter earnings that beat estimates as it grew its customer base and benefitted from higher interest rates.  However, the Charlotte, North Carolina-based lender has also increased its provision for credit losses by $602 million to $1.1 billion due to the impact the higher rates will have on customers.

Bank of America credits market share gains, higher rates for 2Q earnings beat

New York City's top pension official has urged Bank of America's board to claw back pay from executives after the bank agreed to pay $250 million to settle regulatory claims that it double-charged customers and took other steps without authorization.

New York City pension chief urges pay clawbacks at Bank of America

Bank of America' Corp.'s BAC, +1.00% second-quarter earnings beat Wall Street expectations, sending the megabank's stock up by 0.8% in premarket trades on Tuesday. Bank of America said its profit for the three months ended June 30 rose to $7.4 billion, or 88 cents a share, from $6.2 billion, or 73 cents a share, in the year-ago quarter.

Bank of America stock rises after second-quarter earnings and revenue beat expectations

Bank of America's profit rose in the second quarter as it earned more from customers' loan payments, while its trading arm fared better than expected.

Bank of America profit rises on boost from interest income

CHARLOTTE, N.C. , July 18, 2023 /PRNewswire/ -- Bank of America reported its second-quarter 2023 financial results today.

Bank of America Reports Second-Quarter 2023 Financial Results

Visa

Visa has industry-leading profit margins. Bank of America has a record number of consumer checking accounts.

3 Financial Stocks That Shine on the Bottom Line

The losses, which totaled $99 billion at the end of the first quarter, have weighed on its stock.

Bank of America's Huge Bond Losses Could Widen in Second Quarter

Agnico Eagle Mines

Kellogg

Northrop Grumman

Prudential Financial

Public Storage

Restaurant Brands

Dabbling in the vast ocean of stock market investing, savvy players continue to be drawn by the allure of undervalued dividend stocks. These attractions could prove irresistible, particularly for those plotting a long-term investment course where valuation and investment return assume a towering significance over time.

7 Undervalued Dividend Stocks With Growth Potential for Investors

Subdued trading business due to muted market volatility and client activity is expected to have hurt Bank of America's (BAC) Q2 earnings.

Subdued Trading to Hurt Bank of America's (BAC) Q2 Earnings

Ally Financial

KeyCorp

Regions Financial

Truist Financial

U.S. Bancorp

The second-quarter earnings reporting season got off to a solid start on Friday, as Citigroup, JPMorgan, Wells Fargo and BlackRock all came in with results featuring better-than-expected revenues.

Top Financials Blew Out Q2 Earnings Last Friday: 6 Banks That Pay Huge Dividends May Do the Same This Week

Goldman Sachs

JPMorgan Chase & Co

Wells Fargo

Citigroup

JPMorgan Chase & Co. Chief Executive Jamie Dimon on Friday said the U.S. economy was basically doing OK, even if customers were spending “a little more slowly.”

The nation's biggest banks are gearing up for more consumer struggles ahead

CHARLOTTE, N.C. , July 14, 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 Share1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.36230 July 31 August 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,292.66397 August 31 September 15 Adjustable Rate Non-Cumulative Preferred Stock, Series G $1,292.66397 August 31 September 15 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U $21.58 August 15 September 1 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X $31.25 August 15 September 5 Floating Rate Non-Cumulative Preferred Stock, Series 1 $0.3883 August 15 August 29 Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.39056 August 15 August 29 Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.39695 August 15 August 29 Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.37561 August 1 August 21 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA $30.50 September 1 September 18 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD $31.50 August 15 September 11 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF $29.375 September 1 September 15 6.000% Non-Cumulative Preferred Stock, Series GG $0.375 August 1 August 16 5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 September 1 September 25 5.000% Non-Cumulative Preferred Stock, Series LL $0.3125 September 1 September 18 4.250% Non-Cumulative Preferred Stock, Series QQ $0.2656250 August 1 August 17 4.750% Non-Cumulative Preferred Stock, Series SS $0.2968750 August 1 August 17 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 Third Quarter 2023

Bank of America saw double-digit revenue and net income gains in Q1. It is trading near its lowest valuation in years.

Why Bank of America Stock Fell 13.4% in the First Half of 2023

Bank of America (BAC) is expected to have witnessed a fall in advisory fees in the second quarter of 2023 due to a decline in deal-making.

Muted Investment Banking to Hurt BofA (BAC) in Q2 Earnings

Bank of New York Mellon

Lockheed Martin

Charles Schwab

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Earnings Previews:  Bank of America, Bank of New York Mellon, Charles Schwab, Lockheed Martin, Morgan Stanley

Some of the largest U.S. banks got a profit boost from higher interest rates and pointed to early signs of recovery in investment banking but warned that the economy was slowing and losses would increase in commercial real estate.

U.S. banks point to resilient but slowing economy, flag risks ahead

The key items to consider with BAC's second quarter results are the analysts' consensus forecasts, management disclosures, and relevant third-party data. My prediction is that Bank of America's Q2 2023 earnings will be in line with expectations. I maintain a Buy rating for BAC, considering my expectations of in-line Q2 results, the bank's network expansion potential in the US, and its dividend growth outlook.

Bank of America: Key Things To Watch With Q2 Earnings

Bank of America passed its recent stress test and raised its dividend. Its stress-test scores, however, don't tell the whole story.

News for Bank of America Stock (BAC)