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 2022

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Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

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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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Income tax payable

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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

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Cash from financing

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Cash from other sources

Net change in cash

Free cash flow

Berkshire now has sold Bank of America stock for 12 straight trading sessions.

Berkshire Hathaway Continues to Sell Bank of America Stock; Stake Now at 11.1%

Bank of America Corporation (NYSE:BAC ) Barclays 22nd Annual Global Financial Services Conference September 10, 2024 1:05 PM ET Company Participants Brian Moynihan - Chairman, CEO & President Conference Call Participants Jason Goldberg - Managing Director, Barclays Jason Goldberg Thanks, everybody. Thanks again for joining us today at this conference.

Bank of America Corporation (BAC) Barclays 22nd Annual Global Financial Services Conference (Transcript)

Bank of America (BAC) has raised its minimum wage to $24 an hour in the U.S., they announced Tuesday.

Bank of America Raises Minimum Wage to $24 an Hour

Bank of America CEO Brian Moynihan said on Tuesday Warren Buffett has been a great investor in the company, but he has not asked the legendary investor about recent moves to reduce his stake in the lender.

Bank of America CEO says Buffett has been a great backer, hasn't asked about stock sales

JPMorgan Chase & Co

Bank stocks are in focus today, after Federal Reserve Vice Chairman for Supervision Michael Barr announced a revised draft of the Basel rule, also known as "Basel Endgame.

2 Bank Stocks Lower Amid Revised Basel Plan

The new rate, announced on Tuesday, represents a $1-per-hour increase for all full- and part-time hourly Bank of America workers in the United States.

Bank of America ups minimum hourly pay to $24

Apple

First Solar

Block

Warren Buffett, the Oracle of Omaha, and Dr. Michael Burry, Christian Bale's character in the film The Big Short, are two of my favorite investment legends.

Why Are Warren Buffett and Michael Burry Selling Stocks?

Warren Buffett's Berkshire Hathaway is a large shareholder, probably because of Bank of America's durability. The stock's valuation does not look compelling right now, based on its price-to-book ratio.

Should You Buy Bank of America While It's Below $45?

The banking giant said it remains on track to pay $25 an hour by 2025 — a significant bump from the $15-per-hour minimum in 2018.

Bank of America raises employee minimum wage to $24 per hour

Bank of America has raised its minimum hourly wage in the United States to $24, it said on Tuesday.

Bank of America boosts US minimum hourly wage to $24

The bank has committed to $25 per hour by 2025 CHARLOTTE, N.C. , Sept. 10, 2024 /PRNewswire/ -- Today, Bank of America announced that it has raised its U.S. minimum hourly wage to $24 per hour, the latest step in the company's commitment to $25 by 2025.

BofA Raises U.S. Minimum Hourly Wage to $24, Increasing Starting Salary to Nearly $50K

Bank of America has hired technology banking veteran Tim Carpenter from peer JPMorgan Chase to co-lead its software investment banking business, a source familiar with the matter said on Monday.

Bank of America hires JPMorgan's Tim Carpenter to co-lead software investment banking, source says

Chevron

Friday's jobs report marked the second month in a row with substantially fewer jobs created than analysts expected—renewing fears that a recession is imminent, if not already underway.

Three Stocks Warren Buffett Is Selling as a Recession Nears

Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) further trimmed its stake in Bank of America (BAC), selling just over 18.7 million shares over the course of this week, according to a filing by the U.S. Securities and Exchange Commission (SEC).

Warren Buffett's Berkshire Hathaway Further Trims Bank of America Stake

Citigroup

Wells Fargo

The FDIC-Insured banks' (like JPM, BAC, C & WFC) Q2 earnings gain from higher non-interest income, while poor credit quality poses a headwind.

FDIC-Insured Banks' Q2 Earnings Rise, Asset Quality Concerns Linger

Microsoft

Fabrinet

Robinhood

The Nasdaq 100 closed slightly higher during Thursday's session. Investors, meanwhile, focused on some notable insider trades.

Microsoft, Bank of America And 2 Other Stocks Executives Are Selling

Warren Buffett's Berkshire Hathaway has trimmed its stake in Bank of America once again, making the total sales since mid-July nearly $7 billion.

Buffett's Berkshire offloads Bank of America shares again; total sales near $7 bln

Although abstaining from selling Bank of America (NYSE: BAC) stock during the second quarter, as revealed in his updated portfolio, Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A), has sold almost $7 billion worth of this stock since the end of Q2.

Warren Buffett just dumped $760 million of this stock

Warren Buffett's conglomerate has sold shares of the financial isntituion for nine straight days.

Berkshire Hathaway Sells $760 Million of Bank of America Stock as Stake Keeps Shrinking

Berkshire Hathaway began liquidating its big stake in the banking company in mid-July—and has already unloaded about 15% of its interest.

Why Berkshire Hathaway Might Stop Selling Bank of America Stock Once It Reaches This Number

A whistleblower complaint has alleged that Bank of America shared nonpublic information with some investors before it sold stock in India, the Wall Street Journal reported on Thursday.

BofA accused by whistleblower of sharing nonpublic information with some investors, WSJ reports

Bank of America BAC -0.36%decrease; red down pointing triangle has opened an internal investigation following allegations that bankers in Asia shared nonpublic information with investors before the bank sold hundreds of millions of dollars of stock.

Bank of America Shared Nonpublic Information With Investors in India, Whistleblower Says

Buffett bought seven stocks for Berkshire Hathaway in Q2 and added to another existing position in August. Several of the stocks can be ruled out for income investors through a process of elimination.

Warren Buffett Recently Bought 8 Stocks. Here's the Best of the Bunch for Income Investors.

Coca-Cola

Occidental Petroleum

Warren Buffett loves stocks that pay him dividends though he steadfastly refuses to allow Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) to reward its shareholders.

3 Stocks Delivering $2.6 Billion in Dividends to Warren Buffett Each Year

Warren Buffett is slashing his stake in Bank of America stock. Let's analyze what should be investors' take on this.

News for Bank of America Stock (BAC)