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.

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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

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

Fintel reports that on June 30, 2023, RBC Capital reiterated coverage of Bank Of America (NYSE:BAC) with a Outperform recommendation.

RBC Capital Reiterates Bank of America Outperform Recommendation

JPMorgan Chase & Co

Morgan Stanley

Stress testing is not just to ensure the safety and soundness of the banking system, but also to determine large bank regulatory capital requirements. These requirements determine how much capital banks can return to shareholders.

3 Big Winners from Federal Reserve Bank Stress Testing

Bath and Body Works

Estee Lauder

There is no question that large-cap stocks are the winners in 2023 thus far.  The S&P 500 is up more than 14% year-to-date.

These 3 Large-Cap Stocks Are on Sale: Buy Them Now

UnitedHealth Group

Walmart

Bank of America looks like the best bank stock set to profit from AI. UnitedHealth Group should benefit from AI throughout all of its businesses.

Prediction: These 3 Stocks Will Be Among the Biggest Non-Tech AI Winners

Bank of America is expected to release its Q2 earnings in mid-July, which is significant for the market as bank earnings provide indicators about the state of the economy. Analysts predict BAC will report $25.17 billion in revenue and $0.85 in EPS for Q2, which would be a decline from Q1 but positive growth from the prior-year quarter. BAC may beat expectations on revenue due to increased retail sales and healthy mortgage rates but may struggle to meet earnings expectations due to rising PCLs.

Bank of America: Get Ready For Earnings

Citigroup

Goldman Sachs

Wells Fargo

Wild price swings have eased, but bank stocks remain sharply below where they stood before a trio of failures.

Banks Brace for More Turmoil in Third Quarter

Apple

American Express

Chevron

Coca-Cola

Occidental Petroleum

Warren Buffett has led Berkshire Hathaway's Class A shares (BRK.A) to a better-than-4,100,000% aggregate return since he became CEO. The Buffett-ism that's not given nearly enough credit for his long-term success is his penchant for portfolio concentration.

77% of Warren Buffett's $366 Billion Portfolio Is Invested in Only 6 Stocks

Stronger growth and employment data lift shares that rise with the economy.

Bank Stocks Lead Market Higher After Clearing Fed Tests

Markets were mixed, with tech taking a back seat on Thursday. Bank stress tests from the Federal Reserve were generally favorable.

Why Dividend Investors Must Watch Bank Stocks Now

Shares of major bank names are making moves today, after the Federal Reserve said all 23 of the biggest banks in the U.S. included in its annual stress test weathered a severe recession scenario.

Banks Pass Fed Stress Test, Options Bulls Reinvest

Big banks cleared the Fed stress tests Wednesday are could announce increased dividends Friday.

JPMorgan, Bank of America, Goldman May Lift Dividends After Stress Tests

Capital One

All 23 banks have passed the Federal Reserve's 2023 stress test. Yet, the banks, expected to announce capital plans on Friday, will likely be a little conservative this time.

Banks to be Conservative Despite Passing 2023 Stress Test

Banks stocks are heading higher on Thursday as investors react to the results of a stress test from the Federal Reserve. This stress test shows that banks have the capacity to weather economic turmoil with cash available to them.

Why Are Bank Stocks WFC, JPM, BAC Up Today?

Huntington Bancshares

M&T Bank

Charles Schwab

Western Alliance Bancorporation

Zions Bancorp

Bank stocks rose early Thursday after the Federal Reserve announced its 2023 stress test results Wednesday for a hypothetical "severe" recession.

JPMorgan, Wells Fargo Lead, Bank Stocks Climb, After Federal Reserve Stress Test

America's large systematically important banks passed their stress tests. The report by the Federal Reserve provides some relief to policymakers, investors and management.

“It's a mess” – Pro blasts Bank of America CEO for its $100B problem

The largest US banks have demonstrated sufficient resilience to withstand a severe recession while maintaining lending to households and businesses, according to the Federal Reserve's annual bank resilience test conducted on Wednesday. The importance of the stress tests was heightened this year following the collapse of three US banks, which sent shockwaves through the banking system.

Federal Reserve stress test shows US banks resilient in face of recession

Bank of America is a large, customer-oriented bank with several features that help it withstand market and economic pressures. It's posting healthy operating results and doing its best under the circumstances.

Where Will Bank of America Stock Be in 1 Year?

Markel

Berkshire Hathaway owns a portfolio of dozens of stocks. Three of the conglomerate's recent stock purchases look especially attractive from a long-term perspective.

Warren Buffett Loves These Stocks. Are They Right for You?

Bank of America appears to be a strong rebound candidate. Occidental Petroleum should bounce back when oil prices rise again.

3 Beaten-Down Warren Buffett Stocks to Buy Right Now

Big U.S. banks' commercial real estate portfolios put in a surprisingly good performance during the Federal Reserve's annual health checks, with losses declining slightly on last year, the central bank said on Wednesday.

Factbox: Big banks stand strong against Fed's commercial real estate gloom

Citizens Financial Group

U.S. Bancorp

Among the top performers were Charles Schwab Corp. and Deutsche Bank's U.S. operations, while regional lenders Citizens Financial Corp. and US Bancorp were the laggards of the pack.

US banks shrug off turmoil to ace Fed's annual health checks

(Kitco News) - All 23 of the U.S. biggest banks are well positioned to weather a severe recession scenario and continue to provide lending to households and businesses, the Federal Reserve said in its annual bank stress test.

U.S. biggest banks can weather severe recession: Fed's annual bank stress test

Big U.S. banks sailed through the Federal Reserve's annual health check on Wednesday, in a vote of confidence for the sector that is still recovering from turmoil earlier this year and faces an uncertain economic outlook.

US banks ace Fed's annual health checks despite recent turmoil

PNC Financial Services

Truist Financial

UBS Group AG

Begun in the aftermath of the 2008 financial crisis, the Fed's annual stress test dictates how much capital the industry can return to shareholders.

Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test

BofA (BAC) sets sights on new markets and envisages opening financial centers across nine new markets by 2026. The company also aims to open more financial centers in its existing markets.

News for Bank of America Stock (BAC)