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

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

Before You Buy Bank of America: Here's a Banking Stock I'd Buy First

Apple

Activision Blizzard

American Express

Chevron

DaVita

ITOCHU Corp

Kraft Heinz

Coca-Cola

Moody's

Mitsui & Co Ltd

Occidental Petroleum

The Oracle of Omaha has overseen a greater-than 4,200,000% return on Berkshire Hathaway's Class A shares (BRK.A) since becoming CEO. A top reason for Buffett's long-term outperformance is his penchant for portfolio concentration.

90% of Warren Buffett's $372 Billion Portfolio Is Invested in Only 14 Stocks

AbbVie

Arbor Realty Trust

Abbott Labs

Archer-Daniels-Midland Company

Aflac

Ameriprise Financial

Amazon

Becton, Dickinson and Co.

Blackrock Inc

Bristol-Myers

Citigroup

Cardinal Health

Caterpillar

Cisco Systems

CVS Health

Disney

Digital Realty Trust

Duke Energy

Emerson Electric

Enterprise Products Partners

Eaton

In 2015, I started publishing updates regarding my dividend growth portfolio, and I keep doing so every quarter. This is part of being transparent with my readers, so they can see what I hold and its correlation with my writing. This article summarizes Q2 of 2023 and focuses on goals, current holdings, allocation, sales, and buys.

My Dividend Growth Portfolio - Q2 2023 Summary

Blackstone Group

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

Big U.S. banks kick off second-quarter earnings on Friday, with investors bracing for a subsequent wave of borrowing in the bond market from America's top lenders.

JPMorgan, Citi and Wells earnings to unleash borrowing blitz by banks

Banking sector earnings can tell us a thing or two about the state of the economy.

2 Things to Watch as Banks Enter Earnings Season

High rates and modest loan demand are expected to have aided BofA's (BAC) Q2 earnings amid rising funding costs.

High Rates, Loan Demand to Support BofA's (BAC) Q2 Earnings

Bank of America Corp. BAC, +0.22% said Thursday its artificial intelligence (AI) virtual assistant called Emily has engaged with more than 37 million clients via 1.5 billion-plus interactions since its launch in June, 2018. In 2023, client engagement with Erica has risen 35% over the year-ago period to more than 333 million times.

Bank of America says 37 mln clients have used its Emily virtual financial assistant

Since launching five years ago, Erica® has helped over 37 million Bank of America clients manage their finances CHARLOTTE, N.C. , July 13, 2023 /PRNewswire/ -- Erica, the most advanced and first widely available virtual financial assistant, has surpassed 1.5 billion interactions with Bank of America clients.

BofA's Erica Surpasses 1.5 Billion Client Interactions, Totaling More Than 10 Million Hours of Conversations

The bank has been ordered to compensate affected customers and pay fines to government regulators.

Bank of America to Pay $250M in Refunds and Fines for Junk Fees, Fake Accounts

BofA (BAC) is penalized $250 million over business malpractices that include opening unauthorized accounts, charging double overdraft fees and withholding credit card rewards.

BofA (BAC) to Pay $250M in Fines for Unscrupulous Practices

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

5 ‘Strong Buy' Blue Chip Dividend Stocks Still Make Up a Stunning 72% of Warren Buffett's Portfolio

McCormick

Coca-Cola has a globally recognized brand and a long track record of increasing its dividend. McCormick's pricing power is helping it weather some short-term headwinds.

3 Value Stocks You Can Buy Right Now With Less Than $100

Bank of America made at least $80 million by repeatedly charging customers a $35 fee, the CFPB said. The bank would sometimes push the fee multiple times on the same transaction, per the CFPB.

Bank of America raked in at least $80 million by repeatedly charging some customers a $35 fee, regulators say

Shares of Bank of America Corp (NYSE: BAC) are trending up even though it received a penalty from the Consumer Financial Protection Bureau on Tuesday.

Bank of America fined for deceptive practices

It's not the first time the financial giant has been called out on overdraft fees. The Consumer Financial Protection Bureau (CFPB) ordered Bank of America earlier today to pay over $250 million for unlawful practices, including “double-dipping” on overdraft fees, using customers' information to open accounts without their knowledge since 2012, and failing to fulfill rewards bonuses that had been explicitly promised to individuals.

Bank of America has to pay $100 million to harmed customers. You might be one of them

Bank of America is being ordered by federal regulators to pay customers for illegally "double-dipping on fees," withholding credit card rewards and opening fake accounts.

Bank of America ordered to pay over $100M for 'double-dipping on fees,' withholding credit card rewards

Bank of America reaped hundreds of millions of dollars by charging multiple fees to customers who did not have enough funds in their accounts from February 2018 until February 2022, the CFPB said.

Bank of America fined $250M over junk fees, fake accounts

The bank said it reduced overdraft fees and eliminated all non-sufficient fund fees in the first half of 2022.

Regulators Fine Bank of America $150 Million

The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay more than $250 million in penalties and restitution to customers.

Bank of America Ordered to Pay $250 Million in Penalties and Restitution

Bank of America (BAC) doesn't possess 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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

PNC Financial Services

Earnings season kicks off this week. In a tried-and-true Wall Street ritual, bank stocks will be among the first to report.

What are the 3 Best Bank Stocks This Earnings Season?

The Consumer Financial Protection Bureau accused Bank of America of knowingly harming customers and ordered the bank to pay millions in penalties because of it.

Bank Of America Fined $250 Million Over Fake Accounts And Illegal Junk Fees

The announcement is the latest sign that some of the practices exposed by the Wells Fargo fake accounts scandal in 2016 weren't confined to that bank.

Bank of America fined $150 million for consumer abuses including fake accounts, bogus fees

CHARLOTTE, N.C. , July 11, 2023 /PRNewswire/ -- As previously announced, Bank of America will report its second-quarter 2023 financial results on Tuesday, July 18.

Bank of America to Report Second-Quarter 2023 Financial Results on July 18

Bank of America is also being ordered to pay penalties for withholding reward bonuses and opening some accounts without customer consent.

News for Bank of America Stock (BAC)