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

Most stocks in most industries are currently bracing for a severe recession in 2023.

Despite the Stormy Environment, This Warren Buffett Stock Has Quite the Rosy Outlook

Citigroup

Goldman Sachs

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares US Financial Services ETF

JPMorgan Chase & Co

SPDR S&P Bank ETF

Invesco KBW Bank ETF

Morgan Stanley

Vanguard Financials ETF

Wells Fargo

Financial Select Sector SPDR Fund

Only five out of six big U.S. banks were able to beat overall in the latest earnings season.

Financial ETFs Up on Upbeat Earnings

American Express

American Express and Bank of America said U.S. consumers have demonstrated a willingness to continue to pay higher prices.

U.S. consumer is soldiering on despite soaring inflation and recession risk, credit card giants say

Apple

Chevron

Coca-Cola

Occidental Petroleum

The Oracle of Omaha is a big believer that portfolio concentration drives wealth creation.

77% of Warren Buffett's $313 Billion Portfolio Is Invested in These 6 Stocks

Bank of America consumer and small business credit cardholders will automatically earn extra cash back, miles or points to kick off holiday season CHARLOTTE, N.C. , Oct. 20, 2022 /PRNewswire/ -- On Saturday, November 5 th, Bank of America will introduce its first-ever More Rewards Day  – a one-day celebration giving Bank of America consumer and small business cardholders the opportunity to earn bonus rewards for all the purchases they make with a Bank of America credit card on that day.

Bank of America Celebrates Clients with More Rewards Day on Saturday, November 5th

Interest income is higher, trading activity is strong, and these banks delivered impressive numbers in the third quarter.

3 Bank Stocks I'd Buy More of Right Now

General Mills

J.B. Hunt Transport Services

PepsiCo

Procter & Gamble

United Continental Hlds

The picture emerging from the 2022 Q3 earnings season belies pre-season fears of an impending earnings cliff. The overall corporate profitability picture isn't great, but it isn't bad either.

The Earnings Picture Is Good Enough, So Far

CHARLOTTE, N.C. , Oct. 19, 2022 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.22 per share, payable on December 30, 2022 to shareholders of record as of December 2, 2022.

Bank of America Declares Fourth-Quarter 2022 Stock Dividends

General Electric

GlaxoSmithKline

Inmode Ltd

El Pollo Loco

Splunk

I know that saying “This time could be different” is dangerous. But still, when it comes to U.S. stocks, I believe that this time could be different and that the long-awaited (by me, at least) bull market may have begun.

7 Quality Stocks Selling at a Discount as Q4 Kicks Off

Carnival

Interpublic Group of Companies

Norwegian Cruise Line

PerkinElmer

Regions Financial

Warner Bros Discovery Inc

Many S&P 500 investors are still hiding from the bear. But some are stepping in front of what they think is a moneymaking moment.

Gutsy Investors Load Up On 9 Stocks In Surprise $1.3 Trillion Rally

Bank of America is the only big-four bank that repurchased shares in this year's third quarter.

Superb Capital Management Will Allow Bank of America to Keep Repurchasing Shares

These once-popular loans have fallen out of favor with Wall Street.

Higher Interest Rates Have Caused This Lending Market to Dry Up

Bank of America Corp employees will have to work from office depending on their role and functional needs, with some of them needing to be in office for three days a week, according to a memo seen by Reuters.

Bank of America updates on return-to-office plans - memo

The moment is a humbling one for Solomon, who seized on the possibilities within the nascent consumer business after becoming CEO four years ago.

Goldman's pivot away from money-losing Marcus shows that disrupting retail banking is hard

Tesla

Barclays

Mizuho Financial Group

Mitsubishi UFJ Financial

Private equity deals drive leveraged debt for lenders as Musk moved to close his Twitter buyout. The post PE Deals Misfire; Losses Pile As Tesla CEO Musk Tries To Take Twitter Private appeared first on Investor's Business Daily.

PE Deals Misfire; Losses Pile As Tesla CEO Musk Tries To Take Twitter Private

Company Announces $24 Million Investment in 2022 Neighborhood Builders® and Neighborhood Champions to Support Local Organizations CHARLOTTE, N.C. , Oct. 18, 2022 /PRNewswire/ -- Bank of America today announced the second group of honorees of its Neighborhood Builders: Racial Equality Award, which recognizes the impactful work of leaders who strive to advance racial equality and economic opportunity in Black, Hispanic-Latino, Asian American, and Native American communities.

Bank of America Names Neighborhood Builders Racial Equality Awardees who are Advancing Opportunities for Minority Communities

With last week's drop in all stock indices, investors seemed willing to start the search for a market bottom. The S&P 500 is down over 23% year-to-date (YTD), while Nasdaq is down over 32% YTD and far removed from its November 2021 highs.

Stocks and global growth sentiment pointing to ‘full capitulation' – here's what we know

"The banks could never pull it off because the Fed kept rates so low that it was hard for them to make money. Now that's over," he said.

Jim Cramer says bank stocks could be the new market leaders

Earnings have revealed a divide between lenders on deposit pressures, though maybe not as much as the market thinks.

Funding Worries Hit Some Banks More Than Others

Bank of America Corporation (NYSE:BAC.PK ) Q3 2022 Earnings Conference Call October 17, 2022 8:30 AM ET Company Participants Lee McEntire - Investor Relations Brian Moynihan - Chief Executive Officer Alastair Borthwick - Chief Financial Officer Conference Call Participants James Mitchell - Seaport Global Erika Najarian - UBS Glenn Schorr - Evercore ISI John McDonald - Autonomous Research Michael Mayo - Wells Fargo Matthew O'Connor - Deutsche Bank Kenneth Usdin - Jefferies Vivek Juneja - JPMorgan Betsy Graseck - Morgan Stanley Gerard Cassidy - RBC Capital Markets Charles Peabody - Portales Partners Operator Good day, everyone, and welcome to today's Bank of America Earnings Announcement. At this time, all participants are in a listen-only mode.

Bank of America Corporation (BAC) Q3 2022 Earnings Call Transcript

Bank of New York Mellon

Charles Schwab

Following a rough week for the market, bank stocks helped pivot the narrative positively through better-than-expected earnings performances. Mainly, the prevailing theme centered on net interest income as the financial sector benefitted from higher interest rates.

Why Are Bank Stocks BAC, BK, SCHW Trending Today?

Bank of America Corp. Chief Executive Brian Moynihan said high inflation and rising interest rates haven't done much to weaken the health of the American consumer.

Bank of America CEO Says Consumers Are in Good Shape

Bank of America Corp (NYSE: BAC), on Monday, reported market-beating results for its fiscal third quarter. Shares are up more than 5.0% this morning.

Should you buy the Bank of America stock after ‘stellar' Q3 results?

Higher rates, solid loan demand and impressive trading business performance support BofA's (BAC) Q3 earnings amid dismal IB performance and higher provisions on worsening macroeconomic outlook.

BofA (BAC) Q3 Earnings Beat on Solid NII, Provisions & IB Ail

The bank reported earnings results for the third quarter of the year.

News for Bank of America Stock (BAC)