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

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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

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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

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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

Morgan Stanley

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.

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

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

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

News for Bank of America Stock (BAC)