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

High interest rates continued to pressure net interest income. Bank of America saw its credit quality continue to deteriorate.

3 Important Things We Just Learned From Bank of America

24 Museums around the world to receive critical conservation funding  CHARLOTTE, N.C. , April 17, 2024 /PRNewswire/ -- Twenty-four cultural institutions have been named as grant recipients of the 2024 Bank of America Art Conservation Project.

Grants to Preserve Historic Art Awarded in 11 Countries by BofA

CHARLOTTE, N.C. , April 17, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 25, 2024 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2025 (CUSIP No.

Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 3.841% Fixed/Floating Rate Senior Notes Due April 2025

Citigroup

Goldman Sachs

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

iShares US Financial Services ETF

JPMorgan Chase & Co

Invesco KBW Bank ETF

Morgan Stanley

Vanguard Financials ETF

Wells Fargo

Financial Select Sector SPDR Fund

While most big banks beat on both lines in the first-quarter earnings season, higher rates may weigh on the financial ETFs over the medium term.

Bank ETFs in Focus on Mixed Q1 Earnings

EPS slightly underperforms against analysts' predictions. Revenue outshines estimates, indicating strong performance.

Bank of America Beats Revenue Expectations, Misses on EPS

Bank stocks are typically the first to lead an economic cycle, and for the United States, it looks like the cycle found its bottom last month. However, business is only one driver, as a strong consumer is equally necessary to push the economy in the right direction.

Commercial Banks Could Be Back in Play, Led by Bank of America

Cardlytics

Cardlytics recently appointed Liane Hornsey to its Board of Directors, which could attract new investors and accelerate hiring and productivity.

The Power Of Cardlytics' Data Partnerships Including Bank of America

Apple

Tesla

With earnings season officially underway, the S&P 500 has been meandering between positive and negative territory throughout today's trading session, most recently trading modestly lower.

3 Heavy Weight Stocks Dragging the Market Down Today

Bank of America beat on earnings and revenue, but charge-offs for bad loans were higher than expected. Bank officials attributed the charge-offs to its credit card portfolio and said conditions are improving.

Why Bank of America Stock Is Under Pressure Today

PNC Financial Services

U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.

Big banks led by Citi continue layoffs amid pressure to cut costs

Bank of America's Q1 earnings report beat market expectations, with non-GAAP EPS of $0.83 and revenues of $25.82B. The bank's strong balance sheet and capital ratios position it well for growth and potential regulatory changes.

Bank Of America Q1: Still Fits Buffett's 10xEBT Rule Well

Bank of America (BAC) Q1 2024 Earnings Call Transcript

Bank of America's stock has performed well and kept pace with broader trends since October 2023. The bank's net interest margin and net interest yield have exceeded expectations and remained steady. Signs of the coming recession are showing up in many metrics. This is a great time to sell.

Bank of America: Signs Of The Recession

Johnson & Johnson

UnitedHealth Group

Both Housing Starts and Building Permits missed expectations, while BofA, J&J and UnitedHealth all beat on earnings.

Housing Numbers Shrink as Q1 Earnings Heat Up: BAC, JNJ, UNH

Bank of America's first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4 billion digital logins; digital sales represented 50% of total sales, the company noted in its earnings supplementals.

Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion

Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected quarterly results thanks to a resilient economy, strong consumer spending and a flurry of Wall Street activity.

Three Key Takeaways From Big Bank Earnings

Although the revenue and EPS for Bank of America (BAC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Bank of America (BAC) Reports Q1 Earnings: What Key Metrics Have to Say

BofA (BAC) records a decline in revenues and higher expenses in the first quarter of 2024.

BofA (BAC) Q1 Earnings Beat on Strength in IB and Trading

Bank of America could be a buy or a sell on post-earnings action. Morgan Stanley reports first EPS gain in eight quarters.

Bank Of America Rebound Hinges On Today's Action; Morgan Stanley Surges On Earnings

The Senate Finance Committee has asked Bank of America to provide details about its handling of millions of dollars in fees made by billionaire private equity investor Leon Black to disgraced financier and sex offender Jeffrey Epstein, the New York Times reported Tuesday.

Senators Ask Bank Of America For Details About Leon Black's Payments To Jeffrey Epstein, Report Says

Bank of America (BAC) on Tuesday posted better-than-expected first-quarter results, including net interest income, a key profitability metric that has dogged its peers in the past week.

Bank of America Posts Better-Than-Forecast Earnings, Net Interest Income

Bank of America (BAC) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.94 per share a year ago.

Bank of America (BAC) Beats Q1 Earnings and Revenue Estimates

Bank of America Corp (NYSE:BAC) shares fell in pre-market trading even though first-quarter earnings fell less than expected. The lender reported an 18% fall in net income to $6.7 billion for the first three months of 2024, on revenue down 2% to $25.8 billion.

Bank of America delivers earnings beat after best opening quarter for trading arm

Today, on 16th April Bank of America's earnings report for the first quarter of 2024 was published on its official website.Bank of America reported a net income of $3.1 billion, or $0.35 per diluted share, compared to $7.1 billion, or $0.85 per diluted share in Q4-22. The net interest income (NII) decreased 5% to $13.

Bank of America Q1 earnings: net income hits record $3.1B, BAC shares up

Bank of America's profit fell on Tuesday as the lender earned less from customer interest payments.

News for Bank of America Stock (BAC)