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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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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.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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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.

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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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If You Were Defrauded By Barred Financial Advisor Rajesh Markan, Contact the Law Firm of KlaymanToskes LOS ANGELES, CA / ACCESSWIRE / October 29, 2024 / National investment loss and securities lawyers KlaymanToskes issues an important notice to customers of financial advisor Rajesh Markan, formerly of Merrill Lynch, a division of Bank of America (NYSE:BAC). The law firm is representing numerous customers of Markan and has filed multiple customer complaints with the Financial Industry Regulatory Authority ("FINRA") alleging that Markan misappropriated their monies.

Important Notice to Rajesh Markan Clients

Hilltop Holdings

If Your Funds Were Misappropriated By Financial Advisor Rajesh Markan, Contact the Law Firm of KlaymanToskes DALLAS, TX / ACCESSWIRE / October 29, 2024 / National investment loss and securities law firm KlaymanToskes is investigating barred financial advisor Rajesh Markan, of Merrill Lynch, a division of Bank of America (NYSE:BAC), and Hilltop Securities (NYSE:HTH), who is facing several pending customer complaints alleging over $3,000,000 in collective investor damages. The law firm is representing numerous customers of Markan and has filed multiple customer complaints with the Financial Industry Regulatory Authority ("FINRA") alleging that Markan misappropriated their monies.

Notice To Customers of Rajesh Markan Who Had Their Funds Misappropriated

Bank of America has appointed 30-year veteran Brian Weinstein to a newly created role as head of its EMEA Global Markets division, according to a memo seen by Reuters on Monday.

BofA appoints insider Brian Weinstein to lead its EMEA global markets division

Apple

American Express

Coca-Cola

Nearly $193 billion of the $313 billion investment portfolio Warren Buffett oversees at Berkshire Hathaway can be traced to four market-leading businesses.

62% of Warren Buffett's $313 Billion Portfolio Is Invested in These 4 Magnificent Stocks

Market watchers have been trying to understand the thinking behind Berkshire Hathaway's sales of its two largest equity holdings.

Did Warren Buffett Send the Market a Warning With Berkshire's Sales of Apple and Bank of America? Here's What Billionaire Investor David Einhorn Thinks

CEO Brian Moynihan seems to be doing much of nothing.

Activist investors may be targeting Too Big to Fail lender Bank of America

Dublin, Oct. 25, 2024 (GLOBE NEWSWIRE) -- The "Commercial Banking Market Report 2024" report has been added to ResearchAndMarkets.com's offering. This Commercial Banking industry report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. The commercial banking market size has grown rapidly in recent years. It will grow from $3.35 trillion in 2023 to $3.84 trillion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth during the historic period can be attributed to several factors such as the rise in global trade among countries, the increasing digitization of the banking sector, the growing threat of cyber-attacks and the need for enhanced cybersecurity measures, a heightened focus on environmental, social, and governance (ESG) criteria, and improved bank profitability. North America was the largest region in the commercial banking market in 2023. The commercial banking market size is expected to see rapid growth in the next few years. It will grow to $6.65 trillion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to several factors such as increasing economic stability and integration into global markets, a growing need for business loans and financial services, rising interest rates, a heightened demand for financial services, and the expansion of internet banking.

Commercial Banking Market Review 2018-2023 & Forecast to 2033 by Product, Function & Application with Profiles of Key Players - JPMorgan Chase, Bank of America, Agriculture Bank of China & More

SPOKANE, Wash. and BOISE, Idaho , Oct. 24, 2024 /PRNewswire/ -- Bank of America has named Lauren Murray president of Bank of America Spokane/Boise.

BofA Names Lauren Murray President of Spokane/Boise

Bank of America (BAC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Bank of America Corporation (BAC) is Attracting Investor Attention: Here is What You Should Know

Company's patent portfolio includes nearly 1,100 AI and machine learning patents CHARLOTTE, N.C. and LONDON and HONG KONG , Oct. 23, 2024 /PRNewswire/ -- Bank of America is dedicated to the use of innovative technology to best meet the needs of its clients and employees.

AI Patents at BofA Increase 94% Since 2022

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

September's investment activity was minimal, with $1,000 invested mainly in Business Development Companies, while I traveled through Hungary, Albania, and Oman. Traveling highlighted the benefits of lower living costs abroad, reinforcing the idea that financial independence is about where and how you live. My September dividend income hit a record $1,141, driven by Ares Capital and MidCap Financial, with a focus on high-yield BDCs.

My Dividend Stock Portfolio: New September Dividend Record - 100 Holdings With 12 Buys

Growth Surge Driven by CashPro ®  API Network and CashPro Developer Studio NEW YORK and SINGAPORE and LONDON , Oct. 22, 2024 /PRNewswire/ -- The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs). Over the last 12 months, Bank of America has seen a 51% increase1 in clients using APIs, with growth driven by innovations that have simplified onboarding and accelerated speed to transact.

BofA Sees 51% Increase in Companies Leveraging APIs For Real-Time Treasury Needs

Consumer and Small Business Cardholders Automatically Earn Extra Cash Back, Miles or Points as They Prep for the Holiday Season CHARLOTTE, N.C. , Oct. 22, 2024 /PRNewswire/ -- Bank of America announced the return of its highly anticipated More Rewards Day, taking place on Thursday, November 7, 2024.

BofA "More Rewards Day" Takes Place Thursday, November 7

Bank of America's preferred shares offer attractive fixed dividend yields, especially BAC.PB and BAC.PK, despite loan performance challenges and Warren Buffett selling common shares. The bank's net interest income remains strong, with loans generating more interest income, although higher interest expenses persist. Bank of America's loan growth outpaces the commercial banking sector, and they have maintained a low loan to deposit ratio since the pandemic.

Bank of America: Buffett Selling Should Not Distract From Preferred Share

Goldman Sachs

Charles Schwab

We also kick off a series exploring Warren Buffett's Berkshire Hathaway.

Big Banks Report

Bank of America on Monday extended its guaranteed exchange rates by up to one year, the longest tenor in the industry, in an effort to reduce the risks to cross-currency transactions amid rising volumes.

BofA extends guaranteed FX rate window to a year

Extension Follows Growth In Cross-Border Payments Company Named World's Best Bank for FX Payments NEW YORK and SINGAPORE and LONDON , Oct. 20, 2024 /PRNewswire/ -- Bank of America is simplifying the management of foreign exchange (FX) risk associated with cross-currency payments and receipts with the introduction of Guaranteed FX Rates of up to 1-year1, the longest tenor available in the industry today.  Using this strategic solution can help companies mitigate exposure to currency fluctuations and simplify treasury management processes such as forecasting and reconciliation.

BofA Extends Guaranteed FX Rates Up to 1-Year

Why is Buffett quietly offloading a significant chunk of Berkshire Hathaway's long-held stake in Bank of America?

Warren Buffett Dumps Nearly $10 Billion of 1 Key Stock and Buys $345 Million of His Favorite Stock. Here's What You Need to Know.

Inside Bank of America the troops are getting restless, and for plenty of reasons. Culturally, Brian Moynihan is an odd fit for an outfit that's based on wheeling and dealing.

Bank of America may be looking to drop longtime CEO Brian Moynihan

Bank of America's Q3 results show solid net interest income and well-covered preferred dividends, with a net profit of $6.9B and EPS of $0.816. The bank's CET1 ratio remains stable at 11.8%, despite dividend payments and stock buybacks, indicating strong financial health. The Series GG preferred shares offer a 6% yield but carry an imminent call risk, making them less attractive for new investments.

Bank Of America: A 6% Preferred Dividend Yield Remains Attractive

CHARLOTTE, N.C. , Oct. 18, 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-Cumulative Preferred Stock, Series E $0.36606 October 31 November 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,417.64097 November 29 December 16 Adjustable Rate Non-CumulativePreferred Stock, Series G $1,417.64097 November 29 December 16 Floating Rate Non-CumulativePreferred Stock, Series 1 $0.38077 November 15 November 29 Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.38284 November 15 November 29 Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.38923 November 15 November 29 Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.37616 November 1 November 21 6.000% Non-CumulativePreferred Stock, Series GG $0.3750000 November 1 November 18 5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 December 1 December 26 5.000% Non-Cumulative Preferred Stock, Series LL $0.3125000 December 1 December 17 4.250% Non-CumulativePreferred Stock, Series QQ $0.2656250 November 1 November 18 4.750% Non-Cumulative Preferred Stock, Series SS $0.2968750 November 1 November 18 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 Fourth Quarter 2024

Bank of America stock has been fairly lackluster over the past two years or so, trailing close peer JPMorgan significantly in that time. The bank's net interest margin hasn't quite seen the same degree of upside from higher interest rates, but that should change over the full course of the cycle. Upside to NIM can drive profitability closer to management's goal. At 11x forward EPS estimates, the stock looks like a reasonable value for long-term investors.

Bank of America: Reasonable Value On Upcoming NIM Expansion

The sale brought the firm's stake back below 10%.

Berkshire Sold Bank of America Stock Again. Here's Why.

JPMorgan Chase & Co

Wells Fargo

Big banks should see NII start to improve as the yield curve normalizes.

Big Bank Stocks Climb. 3 Stocks to Consider Adding to Your Portfolio.

Billionaire Warren Buffett's Berkshire Hathaway has unloaded more Bank of America stock as it continues to trim stake in the U.S. banking giant, according to a regulatory filing.

News for Bank of America Stock (BAC)