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

Agilent Technologies

Analog Devices

Autodesk

Amgen

Aspen Technology Inc

Bank of New York Mellon

Blackrock Inc

Comcast

CME Group

Compass Minerals

Campbell Soup

Cheniere Energy Partners

Cisco Systems

Corteva Inc

Disney

Domino's Pizza

Ecolab

Equifax

Estee Lauder

Emerson Electric

Etsy

General Dynamics

Gilead Sciences

Alphabet

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 June 2023 Heat Map

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

Shares of major U.S. banks and regional lenders outperformed broader markets in morning trading on Tuesday with the KBW Regional Banking index hitting its highest since late April.

US bank stocks rebound, regional banking index hits 6-week high

Amazon

Paramount Global

Visa

Warren Buffett's investing record with Berkshire Hathaway speaks for itself. Some of Berkshire's holdings are trading at attractive prices today.

4 Warren Buffett Stocks to Buy Hand Over Fist in June

Comerica

PacWest Bancorp

Western Alliance Bancorporation

Shares of U.S. banks fell on Monday with some investors pointing to worries that a flood of Treasury bill issuance following the raising of the U.S. debt ceiling would drain liquidity from lenders.

US bank shares fall after Treasury debt issuance, proposed new capital requirements

The Journal said that the precise amount of capital requirements will depend on the bank's business, with US megabanks with big trading businesses expected to face the largest increases.

Banks reportedly could face 20% hike to capital rules after string of failures

BofA data suggests Baby Boomers are relocating to Las Vegas and Tampa while Millennials prefer Austin. Both groups are leaving the larger cities of San Francisco and New York.

Bank of America Institute Finds Pandemic Migration Trends Continue with Faster Population Inflow into Sun Belt Cities like Austin and Tampa

Bank of America has developed some online tools for people wrestling with the idea of going electric.

Bank of America Has Launched This Solution to Smooth EV Transition

Johnson & Johnson

Warren Buffett has produced legendary returns for his investors during his 58 years behind the wheel at Berkshire Hathaway. Johnson & Johnson's bottom line can rise at a faster-than-usual pace now that it sells only pharmaceuticals and medical technology.

2 Warren Buffett Stocks to Buy in June and Hold Forever

This European oil producer is a cash cow.

Best Bank Stock to Buy: JPMorgan or Bank of America?

PNC Financial Services

Regions Financial

Charles Schwab

U.S. Bancorp

Shares of U.S. banks rose on Friday after the U.S. Senate on Thursday passed bipartisan legislation that lifted the government's $31.4 trillion debt ceiling and averted a historic default.

Banks stocks gain after US Congress averts historic debt default

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.

Bank of America's (BAC) 2Q23 View Bleak Amid Industry Woes

American Electric Power Company

ConocoPhillips

CVS Health

Coca-Cola

Medtronic

Pfizer

Phillips 66

Sempra Energy

Target

Vanguard High Dividend Yield ETF

There are 20 stocks on my high yield watchlist for June 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks underperformed the Vanguard High Yield Dividend ETF by about 1.5% during the month of May.

High Yield Stock Watchlist: June 2023

Higher rates, decent loan demand and efforts to bolster fee income support FDIC-Insured banks' like JPM, BAC, C & WFC financials.

FDIC-Insured Banks' Q1 Earnings Up on Higher NII, Two Banks Fail

Apple

American Express

Chevron

More than 75% of Berkshire Hathaway's portfolio is in five stocks. Professional investors often make focused bets that the rest of us can't afford or risk.

Warren Buffett's Portfolio Is Concentrated in a Few Stocks -- Should You Follow His Lead?

Bank of America Corporation (NYSE:BAC.PK ) Bernstein 39th Annual Strategic Decisions Conference June 1, 2023 2:30 PM ET Company Participants Brian Moynihan - Chief Executive Officer Conference Call Participants John McDonald - Bernstein John McDonald Okay, we're ready to go. Thanks, everyone.

Bank of America Corporation (BAC) Presents at Bernstein 39th Annual Strategic Decisions Conference (Transcript)

Bank of America Corp expects investment banking fees and trading revenues to be broadly flat this quarter, its CEO, Brian Moynihan, told investors at a conference on Thursday.

Bank of America CEO sees investment banking and trading staying flat in Q2

A rise in funding costs due to higher rates, waning loan demand, weakening asset quality and recession risk will hurt Zacks Major Regional Banks' financials. Yet, industry players like JPM, BAC & C are worth watching on restructuring and digitization efforts.

3 Major Regional Banks to Watch Amid Waning Loans, High Rates

The banking crisis that broke out in the first quarter has changed the banking landscape. But Berkshire Hathaway seems to believe that at least some bank stocks are poised to rebound.

Despite the Crisis, Warren Buffett Has Stuck With These 2 Mega Bank Stocks

Employers are More Than Twice as Likely as Female Employees (71% vs. 32%) to Have a Positive Perception of Their Company Culture Regarding Menopause CHARLOTTE, N.C.

BofA Report Finds 64% of Women Want Menopause-Specific Benefits, Yet Only 14% Believe Their Employer Recognizes the Need for Them

Over the past 58 years, the Oracle of Omaha has overseen a greater than 3,900,000% return in Berkshire Hathaway's Class A shares (BRK.A). Despite Berkshire holding stakes in 48 securities, three stocks stand out as historically cheap and ripe for the picking.

3 Warren Buffett Stocks That Are Screaming Buys in June

KeyCorp

SPDR S&P Regional Banking ETF

Financial Select Sector SPDR Fund

Zions Bancorp

Bank stocks fell Wednesday after the FDIC chairman said in a quarterly report that "downside risks" remain for the banking industry.

Bank Stocks Tumble As FDIC Warns Of 'Downside Risks.' Full Fallout From March Panic Unclear.

News for Bank of America Stock (BAC)