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 2021

Earnings data Q1 2022

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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

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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.

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Minority interest

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Book value per share

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Purchase/sale of investments

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Free cash flow

UBS Group AG

UBS sued Bank of America for $200 million on Wednesday, saying the second-largest U.S. bank refused to cover its legal costs related to risky mortgages issued before the 2008 global financial crisis.

UBS sues Bank of America for $200 mln over crisis-era mortgage costs

Bank of America exceeded Wall Street estimates in the second quarter, sending shares immediately higher. Berkshire Hathaway started trimming its position in the bank stock.

Is Bank of America Stock a Buy?

Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) has once again made headlines by significantly trimming its stake in one of its long-standing investments, Bank of America (NYSE: BAC).

Warren Buffet offloads $770 million of this stock in 4 days

Warren Buffett's Berkshire Hathaway (BRK.A,BRK.B) sold more shares of Bank of America (BAC) over the last week, extending Berkshire's pullback from one of its biggest bets after a runup in the bank's stock price.

Warren Buffett's Berkshire Hathaway Sells More BofA Shares

Buffett's Berkshire Hathaway first invested in the bank in 2011 amid the fallout from the 2008 financial crisis.

Warren Buffett dumps $3B worth Bank of America shares to cash in on soaring stock price

Warren Buffet's investment firm Berkshire Hathaway Inc (NYSE:BRK.A) has sold more Bank of American stock, bringing its sales to more than $3 million this month. The firm has been securing profits after the US bank's shares have added more than 20% in the year to date, closing at about $41 per share on Monday.

Warren Buffett's Berkshire Hathaway offloads more Bank of America shares

Warren Buffett's company has reduced its stake for nine consecutive trading days.

Berkshire Sells More Bank of America Stock. Here's When It Might Stop.

Warren Buffett's Berkshire Hathaway sold more Bank of America shares, boosting sales to more than $3 billion this month, taking profits after a big run-up in the second-largest U.S. bank's stock price.

Buffett's sales of Bank of America stock top $3 bln

Berkshire Hathaway trimmed its Bank of America position for the first time since 2019. Rising interest rates have Bank of America sitting on $115 billion in unrealized losses.

Berkshire Hathaway Keeps Selling Its Bank of America Stock. Should Investors Be Concerned?

Goldman Sachs

JPMorgan Chase & Co

Bank of America, Goldman Sachs, and JPMorgan Chase all outperformed the S&P 500 in the first half of 2024. There are a few reasons for the strong performance, including expectations of rate cuts and better-than-expected consumer defaults.

These 3 Stocks Beat the Market in the 1st Half of 2024. Here's Why They Could Still Be Big Winners.

Wells Fargo

Financial sector play XLF ETF earns a spot on IBD Leaderboard and trades in buy range, joining JPMorgan, Berkshire Hathaway and more.

JPMorgan, Goldman And Warren Buffett's Favorite Stock Share These Traits

Company Receives Accolades Throughout the Industry and Around the World for Delivering Digital Experiences that Drive Client Engagement NEW YORK and LONDON and HONG KONG , July 29, 2024 /PRNewswire/ -- This year, Bank of America has been recognized by many of the most influential industry groups and global banking award organizations around the world for its digital leadership. As the company continues to see record growth in digital engagement among clients, it recently received accolades from Euromoney, Global Finance, Celent, The Asian Banker, and others for its commitment to innovation and delivering world-class digital experiences.

BofA Recognized Globally for Digital Leadership and Commitment to Innovation

As the market rotation gets underway, with traders and investors showing growth in preferences for small-cap stocks and bonds, a few other cogs in the machine need to be in place first. Historically, whenever the financial markets are about to make a pivot, activity and price action around the financial sector are leading indicators for investors to consider.

Why Bank of America Just Approved a Huge Stock Buyback Program

Warren Buffett and his investment team have dumped nearly 52.8 million shares of Berkshire Hathaway's second-largest holding, Bank of America, over a six-session stretch. Buffett has been a net-seller of equities for six consecutive quarters (through Mar. 31, 2024).

Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

Yes, 34 million is a lot of shares, but it's best to look at the bigger picture. Berkshire Hathaway, Buffett's company, still owns nearly a billion shares.

Warren Buffett Recently Sold 34 Million Shares of Bank of America. But That Doesn't Mean You Should

Warren Buffett and Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) have now sold Bank of America (NYSE: BAC ) for six consecutive trading days. The conglomerate's last Form 4 revealed that it had sold 18.89 million shares between July 22 and July 24.

Warren Buffett Is Dumping Bank of America (BAC) Stock. What's Going On?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Brokers Suggest Investing in Bank of America (BAC): Read This Before Placing a Bet

The Multi-Year Partnership Aims to Empower Student-Athletes to Pursue Financial Goals NEW YORK , July 25, 2024 /PRNewswire/ -- Today, Merrill Wealth Management and IMG Academy announced a three-year partnership to offer more education and resources around financial awareness to student-athletes and their families. The program aims to provide actionable financial education to IMG Academy student-athletes that can help them throughout their student-athlete journey and in life.

Merrill and IMG Academy Launch Partnership to Bring Financial Education to Student-Athletes

Warren Buffett's holding company sold more Bank of America shares this week, reducing its holding across six consecutive trading days.

Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale

App on Track to Reach $1 Trillion by Year End NEW YORK , July 25, 2024 /PRNewswire/ -- Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years. Corporate payment approvals completed via the CashPro App surpassed a record $500 billion as of the middle of this year – up nearly 40% compared to the middle of last year – and are on pace to reach a trillion dollars by the end of 2024.

BofA's CashPro® App Surpasses $500 Billion in Payment Approvals

Warren Buffet has been selling shares of his second-largest holding in recent days.

Berkshire Hathaway Sells More Bank of America Stock

CHARLOTTE, N.C. , July 24, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, up $0.02 from the prior quarter.

Bank of America Increases Common Stock Dividend 8% to $0.26 Per Share, Authorizes $25 Billion Stock Repurchase Program

Citigroup

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

Morgan Stanley

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.

News for Bank of America Stock (BAC)