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 Q1 2023

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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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Stockholders equity

Minority interest

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Total debt

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Book value per share

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Funds from operations

Change in working capital

Cash from investing

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Purchase/sale of investments

Purchase/sale of business

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Net change in cash

Free cash flow

Bank of America has allocated over $500 million in equity investments to fund managers led by minorities and women.

Bank of America makes $500 million equity push for minority- and women-led funds

Bank stocks have grown increasingly risky amidst a collapse in the regional banking sector. Bank of America may face lower risk of fallout, but one must wonder how long the company can continue paying next to nothing on deposit rates. The company has a strong balance sheet and is repurchasing shares.

Bank of America: A Re-Evaluation Of The Stock Amidst An Increasingly Risky Environment

Bank of America Corp said on Thursday it has committed more than $500 million in equity investments to funds led by minority and women entrepreneurs, more than doubling from its initial commitment of $200 million.

Bank of America commits $500 mln to funds led by minority and women entrepreneurs

Investments in Diverse-led Funds Result in Capital Deployed to Over 1,000 Companies Across the U.S. NEW YORK , June 15, 2023 /PRNewswire/ -- Bank of America today announced that it has committed more than $500 million in equity investments to minority- and women-led funds, more than doubling its initial $200 million commitment.   The bank has committed equity to more than 150 funds, which to date have invested in over 1,000 companies that span 40 states.

BofA Surpasses $500 Million in Equity Investments to Support Minority and Women Entrepreneurs

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

Bank of America Corp. BAC, Citigroup Inc. C and Wells Fargo & Co. WFC reported drops in uninsured deposits as of March 31 as part of an overall sequential decline of 7.8% or $597.49 billion in uninsured deposits by all U.S. banks as of the end of the first quarter, S&P Global Inc. said in a research note published Thursday. JPMorgan Chase & Co. JPM reported a 1.9% increase in uninsured deposits.

Banks report the largest-ever quarterly sequential drop in uninsured deposits in Q1: S&P

Prudential Financial

Public Storage

Frequent dividend payments can provide a financial cushion during your retirement years and also help with current expenses. Companies that offer dividends give shareholders more reasons to hold onto shares during good times and bad times.

The 3 Most Undervalued Dividend Stocks to Buy in June 2023

Banks are undervalued right now, but picking the winners is a challenge, given the uncertain environment. Bank exchange-traded funds, like the SPDR S&P 500 Bank ETF, offer broad exposure to the industry.

You Don't Have to Pick a Winner Among Banks. Here's Why.

SPDR S&P Regional Banking ETF

Financial Select Sector SPDR Fund

Bank stocks moved mostly lower in mixed trading on Wednesday after the U.S. Federal Reserve left interest rates unchanged as expected, but stressed that another 50 basis points of rate hikes are on the table this year. JPMorgan Chase & Co JPM is down 0.5%, lower than is 0.2% drop prior to the Fed's move.

Bank stocks move lower after Fed eyes more rate hikes after June pause

A lot of uncertainty continues to hang over bank stocks. Analysts and investors remain divided over whether the bank failures that occurred in March and April of this year are behind us, or if there could be more trouble ahead for the sector.

3 Bank Stocks Ready for a Big Comeback

WASHINGTON , June 13, 2023 /PRNewswire/ -- A survey conducted by Georgetown University, in partnership with Bank of America, found that young adults looking to change job/fields cite paid time off (65%) and a flexible work schedule (58%) among the top benefits impacting their choice of an employer. In addition, 73% of young adults want benefits that can travel with them if they change jobs.

Georgetown University Survey Finds 65% of Young Adults Highlight Paid Time Off as the Top Benefit for Choosing an Employer

Bank of America Corporation (NYSE:BAC.PK ) Morgan Stanley US Financials, Payments and CRE Conference Call June 12, 2023 4:00 PM ET Company Participants Aron Levine - President, Preferred Banking Holly O'Neill - President, Retail Banking Conference Call Participants Betsy Graseck - Morgan Stanley Betsy Graseck Okay. Thanks everybody for joining us this afternoon.

Bank of America Corporation (BAC) Morgan Stanley US Financials, Payments and CRE Conference (Transcript)

CHARLOTTE, N.C. , June 12, 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 Shareor Depositary Share 1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.125 July 1 July 31 5.875% Non-CumulativePreferred Stock, Series HH $0.3671875 July 1 July 24   Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM $21.50 July 1 July 28   4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 July 15 August 3   4.125% Non-CumulativePreferred Stock, Series PP $0.2578125 July 15 August 2 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR $10.9375000 July 1 July 27   6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT $15.3125000 July 1 July 27   1 Each series of preferred stock, other than Series L, is represented by depositary shares.

Bank of America Declares Third Quarter 2023 Preferred Stock Dividends

In several notes to clients this month, Odeon Capital Group analyst Dick Bove has pointed out that Bank of America's big spending on stock buybacks over the past five years has been a waste for its shareholders, with the bank's stock price declining slightly during that period.

Bank of America execs blew $93.6 billion. Here's how they did it.

It is widely known amongst the investing community that attempting to time the markets is often a futile activity. However, when market forces align to demonstrate inevitable points at play, very seldom do investors thank their lucky stars that they did not ride the wave.

This Historical Indicator Makes Buffett's Bank Of America A Buy

AbbVie

Deere & Company

Johnson & Johnson

Kinder Morgan

Pfizer

Verizon

The market probably feels like the movie Groundhog's Day for many investors. The major indexes continue to trade within a range, which is frustrating both bulls and bears.

7 Top Blue-Chip Stocks to Buy in June 2023

Chevron

Vitesse Energy Inc

Chevron represents one of the larger holdings in the Berkshire Hathaway portfolio. Vitesse is an oil & gas stock currently yielding more than 8% Bank of America is a good value.

3 High-Yield Warren Buffett Dividend Stocks to Buy in June

CVS Health

Lululemon Athletica

Newmont Mining

NVIDIA

The first quarter of 2023 was quite eventful for investors, marked by several major bank collapses due to insufficient preparation for the rising interest rate environment and renewed fervor for artificial intelligence stocks following the rollout of OpenAI's ChatGPT. The S&P 500 climbed 7.45% for the quarter, while the Nasdaq soared 21.34% and the Dow Jones Industrial Average was mostly flat, up just 0.41%.

The Top Guru Stock Picks of the 1st Quarter

Apple

American Express

Coca-Cola

Portfolio concentration has played a pivotal role in Berkshire Hathaway's long-term outperformance. Five well-known businesses account for roughly 77% of the investment portfolio Buffett oversees at Berkshire Hathaway.

77% of Warren Buffett's $347 Billion Portfolio Is Invested in Only 5 Stocks

Amazon

Dollar General

Disney

Etsy

FedEx

Alphabet

Intuitive Surgical

MercadoLibre

Microsoft

Realty Income Corp

Pinterest

PayPal

Shopify

Block

Vanguard Total World Stock ETF

Walgreens

Here are 10 stocks that could be excellent additions to your portfolio for years to come.

Best Stocks to Buy in June 2023

Bank of America Corp promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday.

Exclusive: Bank of America promotes Bettamio to co-head of investment banking; Ahmad to co-head capital markets

CHARLOTTE, N.C. , June 8, 2023 /PRNewswire/ -- Bank of America today announced the following reporting dates for quarterly financial results: Fourth quarter 2023 – Friday, January 12, 2024 First quarter 2024 – Tuesday, April 16, 2024 Second quarter 2024 – Tuesday, July 16, 2024 Third quarter 2024 – Tuesday, October 15, 2024 The results will be released at approximately 6:45 a.m.

Bank of America Announces 2024 Financial Reporting Dates

Some top contenders can be ruled out. One stock could make Buffett's Berkshire Hathaway close to $8 billion over the next 12 months if analysts are right.

Wall Street Thinks This Stock Could Make Warren Buffett the Most Money Over the Next 12 Months

Comerica

KeyCorp

U.S. regional banks, including BAC, C, WFC, KEY and CMA, rally on optimistic investor sentiments as market participants expect no further increase in interest rate hikes.

Regional Bank Stocks Rebound on Expected Pause in Rate Hikes

Bank of America has delivered exceptional results over the last decade. BAC stock has been caught up in the banking malaise and has lost almost 50% from the peak. We tell you how you can make the case for investing in the stock and why it is still irrational.

Bank of America: Irrational Investing

Bank of America's (BAC) CEO expects trading and IB revenues to be flat in second-quarter 2023. Loan growth will likely be less than expected.

News for Bank of America Stock (BAC)