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 Q4 2022

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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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

Citigroup

Citizens Financial Group

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Charles Schwab

U.S. Bancorp

Wells Fargo

Among the top performers were Charles Schwab Corp. and Deutsche Bank's U.S. operations, while regional lenders Citizens Financial Corp. and US Bancorp were the laggards of the pack.

US banks shrug off turmoil to ace Fed's annual health checks

(Kitco News) - All 23 of the U.S. biggest banks are well positioned to weather a severe recession scenario and continue to provide lending to households and businesses, the Federal Reserve said in its annual bank stress test.

U.S. biggest banks can weather severe recession: Fed's annual bank stress test

Big U.S. banks sailed through the Federal Reserve's annual health check on Wednesday, in a vote of confidence for the sector that is still recovering from turmoil earlier this year and faces an uncertain economic outlook.

US banks ace Fed's annual health checks despite recent turmoil

Capital One

M&T Bank

PNC Financial Services

Truist Financial

UBS Group AG

Begun in the aftermath of the 2008 financial crisis, the Fed's annual stress test dictates how much capital the industry can return to shareholders.

Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test

BofA (BAC) sets sights on new markets and envisages opening financial centers across nine new markets by 2026. The company also aims to open more financial centers in its existing markets.

BofA (BAC) Intends to Expand in Nine New Markets by 2026

The Federal Reserve is set to release the results from its annual bank stress test on Wednesday after US markets close. The tests, born out of the Great Recession, are undertaken in order to determine if the nation's largest banks can withstand a severe economic downturn.

The Fed is about to reveal how safe America's biggest banks are after the crisis earlier this year

Broadcom

Home Depot

Dividend growth stocks put the power of compounding into overdrive. All three companies generate strong free cash flows, allowing for safe and growing dividends. These three dividend growth stocks have strong management teams that are guiding the company in the right direction for continued growth.

3 Of My Favorite Dividend Growth Stocks

BofA expands in Louisville as part of national growth strategy, plans to open five financial centers starting in 2024 LOUISVILLE, Ky. , June 28, 2023 /PRNewswire/ -- Bank of America has named John L.

BofA Names John L. Gardner President of Kentucky

BofA expands in Louisiana as part of national growth strategy, plans to open five financial centers in New Orleans in 2025 NEW ORLEANS , June 28, 2023 /PRNewswire/ -- Bank of America has named Jonathan Matessino president of Bank of America New Orleans/Baton Rouge. As president, Matessino will assume the responsibilities for connecting banking and investment resources offered through the bank's eight lines of business to people and companies across the region.

BofA Names Jonathan Matessino President of New Orleans and Baton Rouge

BofA expands in Omaha as part of national growth strategy, plans to open five financial centers by 2025 OMAHA, Neb. , June 28, 2023 /PRNewswire/ -- Bank of America has named Craig Korkow president of Bank of America Omaha.

BofA Names Craig Korkow President of Omaha

BofA expands in Wisconsin as part of national growth strategy, plans to open eight financial centers in Milwaukee and Madison by 2025 MILWAUKEE , June 28, 2023 /PRNewswire/ -- Bank of America has named Bryant Shurn president of Bank of America Wisconsin. As president, Shurn will assume the responsibilities for connecting banking and investment resources offered through the bank's eight lines of business to people and companies across the state.

BofA Names Bryant Shurn President of Wisconsin

Women in Younger Generations Closing the Gender Savings Gap CHARLOTTE, N.C. , June 28, 2023 /PRNewswire/ -- Today, Bank of America released its 2023 Financial Life Benefits® Impact Report, revealing that the average 401(k) account balance among men is 50% greater than women's overall ($89,000 vs.

BofA Data Finds Men's Average 401(k) Account Balance Exceeds Women's by 50%

The Fed won't reach its 2% inflation target till 2025, according to Bank of America's CEO.  Brian Moynihan added that data shows consumers are spending less, pointing to an incoming recession.

The Fed won't hit its 2% inflation target until 2025 - and consumers spending less shows recession is coming, Bank of America CEO says

The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday at 4:30 p.m. ET (2030 GMT).

Explainer: How does the Fed stress test US banks?

Apple

Apple has developed a strong competitive advantage through decades of practical innovation.  Buffett helped save one of the world's biggest banks.

54.5% of Warren Buffett's $366 Billion Berkshire Hathaway Portfolio is in These 2 Stocks

Bank of America Corp. BAC, +0.05% said Tuesday it plans to open more than 55 new financial centers in 34 markets including four new states by 2027. “By expanding our capabilities in these markets, we are able to better serve clients, and help drive local community growth and development,” CEO Brian Moynihan said in a prepared statement.

Bank of America to open 55 financial centers in 34 markets in 2023

Company plans to open more than 55 new financial centers in 2023 across 34 markets Three-year renovation of financial center network set to be completed by year end CHARLOTTE, N.C. , June 27, 2023 /PRNewswire/ -- Bank of America today announced it will expand its financial center network into nine new markets over the next four years, bringing banking, investing, retirement, lending and small business services and solutions to more clients and communities.

BofA to Open Financial Centers in 9 New Markets by 2026

Bank of America Corp is adding consumer branches in four new U.S. states, it said on Tuesday, bringing its national footprint closer to rival JPMorgan Chase & Co.

Bank of America to expand in four US states, closing gap with JPMorgan

Fifth Third Bancorp

Regions Financial

J.P. Morgan analyst Vivek Juneja on Tuesday cut price targets on nine major U.S. banks due to his “cautious” view on the sector in the face of increased regulatory requirements, declining net interest income and higher expenses pressured by inflation. The comment came a day ahead of the Fed's stress tests results on bank capital.

‘Cautious' JPMorgan analyst cuts price targets on nine major banks

Investors are concerned about Bank of America because it has tens of billions in unrealized bond losses. The bank still has one of the largest, most diverse deposit bases in the world.

Here's Why I Still Own Bank of America

CHARLOTTE, N.C. , June 26, 2023 /PRNewswire/ -- Bank of America Corporation ("BAC") (NYSE: BAC) and BofA Finance LLC ("BofA Finance") have issued and outstanding certain debt securities and certificates of deposit, listed by CUSIP No.

Outstanding Bank of America USD LIBOR CMS Instruments Expected to be Calculated Pursuant to Fallback Provisions After June 30, 2023

Home-equity lines of credit (HELOCs) and second-lien mortgages have been staging a notable comeback as U.S. homeowners look for liquidity and ways to monetize the pandemic surge in home prices, according to BofA Global.

HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.

Large banks, including Goldman, Bank of America, Morgan Stanley, JPMorgan and Citigroup, will be in spotlight as the Fed releases 2023 stress test results later this week.

How are 23 Large Banks Going to Fare in 2023 Stress Test?

Ally Financial

Celanese

Globe Life Inc

General Motors

Jefferies Financial Group Inc

Vitesse Energy Inc

Warren Buffett has been running circles around the benchmark S&P 500 for almost 60 years. The cheapest stocks in Berkshire Hathaway's $350 billion portfolio have forward price-to-earnings ratios of between 5.6 and 9.5.

The 10 Cheapest Stocks Warren Buffett Owns

The Federal Reserve will release the results of this year's banking "stress tests" on Wednesday, helping assess the stability of financial instutions.

News for Bank of America Stock (BAC)