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

Bank of America's stock price weakness presents a buying opportunity due to its discount to book value. The central bank's potential rate hikes and inflation trends could fuel Bank of America's net interest income growth. The upcoming 3Q-23 earnings release could result in a stock re-rating, and attention will be on net interest income and consumer net charge-offs.

Bank of America: Why It's Finally A Buy (Rating Upgrade)

BofA's 2023 Better Money Habits Survey Uncovers Changes in Younger Americans' Spending Priorities CHARLOTTE, N.C. , Oct. 13, 2023 /PRNewswire/ -- Today, 85% of Gen Zers cite one or more barriers to achieving financial success.

Gen Z is Tightening its Belt, with 73% Modifying Lifestyles Due to Inflation

This was despite strong growth in the net interest income driven by the Fed rate hikes, leading to an increase in the Bank of America revenues.

Bank Of America Stock Has An 83% Upside To Its Pre-Inflation Shock

High rates and decent consumer loan demand are expected to have supported BofA's (BAC) NII in Q3 amid a rise in deposit and funding costs and an inverted yield curve.

High Rates, Loan Demand to Aid BofA's (BAC) Q3 Earnings

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

The Federal Reserve's aggressive monetary policy tightening is prompting U.S. banks to slow the flow of credit and beef up cash levels after the panic in March when Silicon Valley Bank collapsed.

How U.S. bank balance sheets have changed as Fed raises rates

Apple

Warren Buffett has doubled the annualized total return of the broad-based S&P 500 since becoming CEO of Berkshire Hathaway in the mid-1960s. A majority of Berkshire's invested assets are tied up in two brand-name businesses that check all the appropriate boxes for the Oracle of Omaha and his investment team.

56% of Warren Buffett's $341 Billion Portfolio Is Invested in These 2 Stocks

CHARLOTTE, N.C. , Oct. 12, 2023 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on October 24, 2023 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due October 2024 (CUSIP No.

Bank of America Announces Redemptions of Floating Rate Senior Notes Due October 2024 and 0.810% Fixed/Floating Rate Senior Notes Due October 2024

Options traders are braced for larger-than-usual post-earnings stock price swings for some U.S. banks, despite signs of cooling volatility in broader markets, options data showed.

Options traders see larger-than-usual stock swings as banks report results

Coca-Cola

Teladoc

Amid the unpredictability of US monetary policy, savvy investors are becoming familiar with terms like “Stocks for Climbing Interest Rates.” Why? The answer lies in the US Federal Reserve's dance with potential rate hikes, all in a bid to temper mounting inflation.

3 Stocks That Get More Attractive Every Time Interest Rates Climb

Early in the pandemic, I bought Bank of America (NYSE: BAC ) stock for my retirement account. I believed interest rates would rise, and that when money cost money, the big bank would prosper.

Interest Rates Will Stabilize Eventually. Buy This Dividend Stock Before They Do.

Chevron

General Motors

The list of stocks hedge funds are buying is always lengthy but according to Morgan Stanley, hedge funds have been allocating capital to a select group of beaten down stocks on expectations that they will likely rebound in the coming months. Hedge funds are taking advantage of the 3% and 4% decline in European and U.S bank stocks.

3 Stocks Hedge Funds Are Loading Up on in Q4

JPMorgan, Wells Fargo and Citigroup will report third-quarter results on Friday, followed by others next week.

What Will Bank Earnings Say About the Economy?

Bank of America (BAC) reachead $27.02 at the closing of the latest trading day, reflecting a +0.04% change compared to its last close.

Bank of America (BAC) Increases Yet Falls Behind Market: What Investors Need to Know

PNC Financial Services

U.S. Bancorp

Rising interest rates have boosted earnings for U.S. banks in recent quarters. But their upcoming third-quarter earnings reports likely will disclose how that past boon has morphed into a burgeoning barrier to growth.

Rising Rates Turn From Friend to Foe for U.S. Banks

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

Financial Select Sector SPDR Fund

Bank stock indexes were moving higher on Wednesday to mark their sixth straight day of gains, as bond yields eased back. The SPDR S&P Bank ETF KBE, +0.87% was up 0.7% and is trading at its highest level since Sept.

Bank stock indexes mark sixth straight day of gains in morning trades

High rates and decent consumer loan demand are expected to have offered some support to Bank of America's (BAC) Q3 earnings amid rising deposit cost, higher provisions and weakness in IB and trading.

High Rates to Aid BofA (BAC) Q3 Earnings, IB & Trading to Hurt

CME Group

To combat rising inflation, the U.S. Federal Reserve has raised the Federal Funds Rate from a range of 0% to 0.25% in March 2022 to a range of 5.25% to 5.5% at the time of writing. Now, since this key rate has reached its highest level since 2001, it has consumers wondering have interest rates peaked?

Have Interest Rates Peaked? Why Bill Ackman Thinks Fed Rate Hikes Are Done

Alibaba

Charlie Munger, vice chairman of Berkshire Hathaway (NYSE: BRK.A )/(NYSE: BRK.B ) is one of the biggest names in the investing world with an impeccable track record over the years. Consequently, Charlie Munger stocks serve as barometers many investors emulate in the pursuit of wealth-building strategies.

3 Stocks Charlie Munger Believes Can Survive These Economic Headwinds

Amgen

Blackrock Inc

ConocoPhillips

Johnson & Johnson

MetLife

Altria

NextEra Energy

Paychex

Pfizer

Phillips 66

Sempra Energy

Texas Instruments

Vanguard High Dividend Yield ETF

There are 20 stocks on my high yield watchlist for October 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 0.50% during the month of September.

High Yield Stock Watchlist - October 2023

Bank of America (BAC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bank of America (BAC) Expected to Beat Earnings Estimates: Should You Buy?

CHARLOTTE, N.C. , Oct. 10, 2023 /PRNewswire/ -- As previously announced, Bank of America will report its third-quarter 2023 financial results on Tuesday, October 17.

Bank of America to Report Third-Quarter 2023 Financial Results on October 17

The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key driver of earnings for banks, has been boosted by the Federal Reserve's benchmark rate hikes over the last 18 months.

Slowing Loan Growth Expected to Squeeze Big US Banks' Profits

Bank of America Corp   (NYSE:BAC) stock is up 0.8% to trade at $26.29, brushing off a minor price-target cut from UBS to $35 from $36.

Options Traders Clocked This Bank Stock's Pullback

JPMorgan Chase & Co. Chief Executive Jamie Dimon acknowledged the tragedy of bloodshed in Israel and said bank employees remained safe over the weekend, as bank stocks fell more deeply into the red than the broad market on Monday.

JPMorgan's Jamie Dimon says bank employees safe over the weekend; bank stocks fall on heels of Israel-Hamas war

STAG Industrial

Interest rate-related concerns have pressured Stag Industrial shares so low that they offer a 4.3% yield at recent prices. Bank of America manages its assets more carefully than the regional banks that failed this spring, but its stock price has been beaten down regardless.

News for Bank of America Stock (BAC)