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 Q4 2022

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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

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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

Goldman Sachs

JPMorgan Chase & Co

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

Morgan Stanley

Wells Fargo

While we think tech stocks will return to the front of the pack before long, we think bank stocks may fare better than many over the rest of the year,' says Capital Economics

Why bank stocks don't need ‘rotation out of tech' to keep rising after July jump

Prestigious Program Has Provided 4,500 Students with Work Experience, Leadership Skills to Help Build Future Careers WASHINGTON , July 24, 2024 /PRNewswire/ -- Bank of America is celebrating two decades of helping prepare the next generation of the nation's workforce for skilled, high-demand careers through its signature philanthropic program, Student Leaders® (#BofAStudentLeaders). Launched in 2004, the program connects service-minded high school juniors and seniors to eight-week paid summer internships with local nonprofits to gain early work experience and leadership skills.

BofA Celebrates 20 Years of Paid Summer Internship Program - Student Leaders

Apple

AbbVie

AGNC Investment

Antero Midstream Partners

Apple Hospitality REIT

Ares Capital

Apollo Commercial Real Estate Finance

Broadcom

Boeing

Alibaba

BASF SE

Brookfield Renewable Partners

B&G Foods

Bank of Montreal

Bayerische Motoren Werke AG

Bank of Nova Scotia

BRT Apartments

Blackstone Group

Blackstone Secured Lending Fund

Colgate-Palmolive

Canadian Imperial Bank of Commerce

Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

Bank of America has appointed bank veteran Kevin Brunner as the new head of technology, media and telecommunications investment banking, according to a memo seen by Reuters and confirmed by a company spokesperson.

BofA appoints insider Brunner as head of TMT investment banking, memo shows

Does Bank of America (BAC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Bank of America (BAC) is a Great Choice

American Express

Warren Buffett's long-term investment strategy has yielded significant returns over nearly six decades. Buffett's portfolio concentrates on select companies, with Apple, Bank of America, and American Express as top holdings.

3 Warren Buffett Stocks to Buy Hand Over Fist

The Oracle of Omaha's sensational investing track record has earned him an extensive following on Wall Street. New filings show that Buffett and his top advisors sold nearly 33.9 million shares of Bank of America stock from July 17 through July 19.

5 Subtle Reasons Warren Buffett Just Sold $1.48 Billion Worth of Bank of America Stock

Buffett trimmed his Bank of America stock for the first time since 2019 last week. The sales come after Buffett sold 13% of his Apple stake in the first quarter.

Billionaire Warren Buffett Sells Bank of America: 3 Possible Reasons Why

Bank of America offers competitive yields on preferred shares, with the 6% yielding fixed preferred share being a better option for income investors. Despite facing challenges with rising interest rates, Bank of America has navigated its earnings well and maintained stability in net interest margin. Investors should be cautious of risks such as loan losses and consider fixed rate preferred shares over floating rate options in anticipation of interest rate cuts.

Bank of America: Don't Be Fooled By The 7% Preferred Share Yield

Fifth Third Bancorp

Bank stocks just kicked off another earnings season , making way for giants in other industries to announce their  quarterly results.

3 Bank Stocks Pulling Back from 2-Year Highs

24/7 Insights For the first time in almost five years, Warren Buffett trims his Bank of America stake Large cap financials have posted mixed second-quarter results Grab this free report today Access 2 legendary, high-yield dividend stocks Wall Street loves If any investor has stood the test of time, it's Warren Buffett, and with good reason.

Warren Buffett Sells Bank of America – 6 Dividend Stocks Are 78.3% of the Portfolio

Bank of America (BAC) shares fell in intraday trading Monday after Warren Buffett's Berkshire Hathaway (BRK.A) cut its stake in the bank by $1.5 billion.

Berkshire Hathaway Cuts Stake in Bank of America

In a surprising move, Berkshire Hathaway Inc (NYSE: BRK.B), led by legendary investor Warren Buffett, has sold $1.5 billion worth of Bank of America Corporation (NYSE: BAC) stock. This sale involved unloading 33.9 million shares, marking the first reduction in Berkshire's holding in the financial giant since late 2019.

Warren Buffett sells $1.5 billion in Bank of America stock: What it means for investors

In what can be considered a surprise move, Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) has significantly reduced its stake in a stock it has rarely touched in recent years.

Warren Buffett just dumped $1.5 billion of this stock

Bank of America Corp.'s stock fell in premarket trading Monday, a day after its largest shareholder, Berkshire Hathaway Inc., disclosed that it had sold shares in the bank.

Berkshire Hathaway's Warren Buffett trims stake in Bank of America after stock's 2024 rally

Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run.

Warren Buffett's Berkshire trims Bank of America stake for the first time since 2019 after strong rally

Bank of America beats profit estimates and forecasts growth in net interest income despite expected interest rate cuts. Bank of America's 25% premium to book value is undervalued, making it a 'Buy' for investors. Bank of America's strong net interest income forecast and potential for book value growth make it a solid investment opportunity.

Bank of America: A Buy On NII Forecast

Bank of America's second-quarter earnings beat expectations. The bank expects consumer credit conditions to improve as a growth driver.

Is Bank of America Stock a Buy Now After Earnings?

The banking giant reported impressive second-quarter results and an even more optimistic forecast.

Bank of America Is Up 30% in 2024 – Is It Still a Smart Buy Now?

Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed.

Berkshire sells around $1.48 bln Bank of America shares, filing shows

CHARLOTTE, N.C. , July 19, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: Series of Preferred Stock Dividend per Share or Depositary Share 1 Record Date Payment Date Floating Rate Non-CumulativePreferred Stock, Series E $0.37912 July 31 August 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,533.54544 August 30 September 16 Adjustable Rate Non-CumulativePreferred Stock, Series G $1,533.54544 August 30 September 16 Fixed-to-Floating Rate Non-CumulativePreferred Stock, Series X $31.25 August 15 September 5 Floating Rate Non-CumulativePreferred Stock, Series 1 $0.39672 August 15 August 28 Floating Rate Non-CumulativePreferred Stock, Series 2 $0.39915 August 15 August 28 Floating Rate Non-CumulativePreferred Stock, Series 4 $0.40553 August 15 August 28 Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.38892 August 1 August 21 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA $30.50 September 1 September 17 Fixed-to-Floating Rate Non-CumulativePreferred Stock, Series DD $31.50 August 15 September 10 Fixed-to-Floating Rate Non-CumulativePreferred Stock, Series FF $29.375 September 1 September 16 6.000% Non-CumulativePreferred Stock, Series GG $0.375 August 1 August 16 5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 September 1 September 25 5.000% Non-Cumulative Preferred Stock, Series LL $0.3125 September 1 September 17 4.250% Non-Cumulative Preferred Stock, Series QQ $0.2656250 August 1 August 19 4.750% Non-Cumulative Preferred Stock, Series SS $0.2968750 August 1 August 19 1 Each series of preferred stock, other than Series F and Series G, is represented by depositary shares.

Bank of America Declares Preferred Stock Dividends for Third Quarter 2024

CrowdStrike

No trader wants to get hit with an error message when logging into their brokerage account at market open, but that's exactly what happened to some on Friday morning.

CrowdStrike outage affects Schwab, E*Trade and other brokerages — preventing people from trading

Bank of America (BAC) stock is trading near its 2-year high after releasing better-than-expected Q2 earnings. Here we assess whether it is too late to buy the shares or still have an opportunity to accumulate them.

BAC Stock Near 2-Year High Post Q2 Earnings: Too Late to Invest?

Bank of America reported mixed second-quarter results this week as lower net interest income weighted on its profits. It saw strong results in areas including investment banking and wealth management.

Bank of America Says It's Poised to Start Growing Its Net Interest Income Again. Is It Time to Buy the Stock?

Chevron

Coca-Cola

The affably-named "Oracle of Omaha" has delivered a cumulative return of more than 5,400,000% for Berkshire Hathaway's Class A shares (BRK.A) since becoming CEO in the mid-1960s. Portfolio concentration has been an unsung hero for Warren Buffett and Berkshire's shareholders.

News for Bank of America Stock (BAC)