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

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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

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Earnings data Q3 2024

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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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Cost of revenue

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SG&A

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EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

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Intangibles

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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

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Cash from financing

Change in stock

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Cash dividends paid

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Net change in cash

Free cash flow

The CFPB also said the bank withheld credit card rewards and opened accounts without consent.

Bank of America Ordered to Pay $250 Million Over Wrongful Fees

Bank of America will pay more than $100 million to customers for systematically double-dipping on fees imposed on customers with insufficient funds in their account and misappropriating sensitive personal information, the Consumer Financial Protection Bureau (CFPB) said on Tuesday.

US regulators fine Bank of America over junk fees -CFPB

The Consumer Financial Protection Board (CFPB) said Tuesday that Bank of America Corp. BAC, +0.46% to pay a total of $250 million for illegally charging junk fees, withholding credit card rewards, and opening fake accounts. The bank will pay more than $100 million to consumers who were harmed by these activities.

Bank of America ordered to pay $250 mln for fake accounts, junk fees and withholding credit card rewards

High rates and decent loan demand are expected to have supported BofA's (BAC) Q2 earnings amid rising funding costs, higher provisions and muted IB and trading performances.

Rates, Loans to Aid BofA (BAC) Q2 Earnings, IB & Trading to Hurt

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking.

US banking giants to report higher profits even as dealmaking drags

Bank of America Corporation easily passed the '23 stress test. The large bank now offers a 3.3% dividend yield that signaled a great buying opportunity during Covid. The stock is cheap at 8.5x '23 EPS targets, and Q2 results on July 18 should solidify the deep value here.

Bank of America Stock: Tasty Yield

PacWest Bancorp

Western Alliance Bancorporation

Zions Bancorp

JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. kick off second-quarter earnings season Friday after one of the choppiest three-month periods for the banking sector since the global financial crisis.

Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates

What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis. Bank earnings kick off Friday.

The American banking landscape is on the cusp of a seismic shift. Expect more pain to come

Bank of America has announced a 9% dividend increase, giving investors a current yield of 3.36%, the highest in at least 10 years. While the dividend growth rate has slowed, it remains steady and high enough. BAC stock looks undervalued compared to peers.

Bank of America: Still Undervalued After Dividend Increase

Unilever

Banks have announced dividend hikes this year, despite challenges in the financial industry. We're also seeing hikes from consumer staples like food companies. The future could be bright for large banks and consumer staples, as these sectors are seeing growing earnings and healthy margins.

Dividend Hike Alert: These 3 Top Stocks Are Raising Payouts

Liberty Media Corp-Liberty SiriusXM

Liberty SiriusXM should have brighter prospects. Buffett seems to agree with Wall Street's optimism about Bank of America and Citigroup.

Wall Street Thinks These 3 Warren Buffett Stocks Could Skyrocket the Most

In the harsh macroeconomic environment, identifying investment opportunities among the U.S. banks that offer growth potential and resilience is a cumbersome exercise. As financial markets enter July 2023, the banking sector presents three compelling opportunities for investors, especially for those seeking to capitalize on the emerging economic and technological landscape.

The 3 Best Bank Stocks to Buy for July 2023

Ally Financial

American Express

Bank of New York Mellon

Mastercard

Visa

If any investor has stood the test of time, it is Warren Buffett. For years, the “Oracle of Omaha” has had a rock-star-like presence in the investing world.

Interest Rates Headed Higher Again Soon: 7 ‘Strong Buy' Warren Buffett Dividend Stocks Will Benefit

Apple

Occidental Petroleum

Warren Buffett has overseen almost a 4,200,000% total return for his company's Class A shares (BRK.A) since becoming CEO of Berkshire Hathaway. The Oracle of Omaha's company is on pace to collect around $6 billion in dividend income this year.

Nearly Half of Warren Buffett's Dividend Income Comes From Just 3 Stocks

CHARLOTTE, N.C. , July 6, 2023 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on July 23, 2023 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due July 2024 (CUSIP No.

Bank of America Announces Redemptions of Floating Rate Senior Notes Due July 2024 and 3.864% Fixed/Floating Rate Senior Notes Due July 2024

Bank of America Corp (NYSE: BAC) raised its quarterly dividend by about 9.0% on Thursday. Its shares are still trending down at writing.

Bank of America raises quarterly dividend: ‘it's not a problem child'

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

U.S. bank stocks fell and a key regional index hit a near two-week low on Thursday amid lingering worries about the health of the lenders in the aftermath of the crisis in regional banks and ahead of second-quarter results that start next week.

US bank stocks fall as investors turn jittery ahead of Q2 results

Bank of America (BAC) intends to hike its quarterly dividend by 9.1%. Its previously announced dialogue with the Federal Reserve to understand the stress test result difference is ongoing.

BofA (BAC) Plans Dividend Hike Despite Stress Test Discrepancy

Ares Management

Cadence Bank

Citizens Financial Group

Comerica

Capital One

First Citizens BancShares

First Horizon National

Fifth Third Bancorp

F.N.B. Corp.

KeyCorp

PNC Financial Services

Pinnacle Financial Partners

Charles Schwab

Synovus Financial

South State

Truist Financial

U.S. Bancorp

Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big six” industry group, Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley are all scheduled to report on July 18.

These 20 banks have had the largest cuts to earnings estimates

Bank of America Corp (NYSE:BAC) became the latest 'big' US bank to signal an increase in its dividend after passing the Federal Reserve's stress tests. The Charlotte, North Carolina-based lender plans to raise its quarterly dividend by 9.1% to US$0.24 per share from US$0.22, starting from the third quarter of this year.

Bank of America joins peers in hiking dividend after passing stress test

Agilent Technologies

Autodesk

Amgen

Biogen

Blackrock Inc

Comcast

CME Group

Compass Minerals

Campbell Soup

Copart

Cheniere Energy Partners

Corteva Inc

Disney

Domino's Pizza

Ecolab

Equifax

Estee Lauder

Emerson Electric

Etsy

General Dynamics

Gilead Sciences

Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison. We share the heat map of the most investable candidates that may be worth your time for further analysis.

U.S. Wide-Moat Stocks On Sale - The July 2023 Heat Map

News for Bank of America Stock (BAC)