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

Nordstrom

Goldman Sachs

General Electric

JPMorgan Chase & Co

SPDR S&P 500 ETF Trust

Mark Hillman (Trades, Portfolio)'s Hillman Capital Management sold shares of the following stocks during the first quarter of 2021, which ended on March 31.

Hillman Capital Exits Nordstrom, Goldman Sachs

Citigroup

Morgan Stanley

Wells Fargo

WASHINGTON (Reuters) -U.S. bank profits rose 29.1% during the first quarter of 2021 from the previous quarter as banks adjusted expectations for future credit losses downward, a bank regulator said on Wednesday.

U.S. bank profits rose 29% as outlook for future credit losses adjusted downward

Wall Street bank chiefs touted the role their institutions have played in getting the pandemic-hit U.S. economy back on track and in promoting diversity and racial justice as they appeared before Congress on Wednesday.

Wall Street CEOs tout COVID assistance, diversity efforts before U.S. Senate

Wall Street CEOs to testify before Senate Banking Committee — live blog

The CEOs of some of America's largest banks will testify before the Senate Banking Committee on Wednesday, and the House Financial Services Committee Thursday, where they are expected to be challenged on a drop in lending over the past year, efforts to increase diversity and fight systemic racism and defend themselves against accusations of "woke capitalism,"

Capitol Report: Big Bank CEOs to be grilled by Congress on drop in loans, diversity and ‘woke capitalism'

Mastercard

Charles Schwab

UnitedHealth Group

To say that Wall Street portfolio managers tend to talk amongst themselves is probably an understatement, as those in the industry tend to mingle professionally and socially.

Hedge and Mutual Fund Managers Love These Red-Hot Financials

Former Aviva Plc Chief Financial Officer Tom Stoddard joined Bank of America Corp as vice chairman of investment banking, according to an internal memo, returning to his advisory roots after a stint in the insurance industry.

Former Aviva CFO Stoddard joins BofA as investment banking vice chair

Bank of America is emerging from the pandemic in good shape with respect to capital and credit, and spread/loan demand headwinds should ease as the year goes on. The pandemic accelerated customer acceptance of digital banking, which only plays to Bank of America's strengths in this area, giving the company more opportunities to gain share at attractive economics.

Bank Of America's Run Of Outperformance Fairly Values The Longer-Term Opportunity

Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses. Lenders, including Capital One, Citigroup and JPMorgan, have been sending out more promotions to enroll new customers and encourage borrowers to spend, said Andrew Davidson of marketing-tracker Mintel Comperemedia.

Big banks look for post-pandemic rebound of credit card revenue

Kroger

Microsoft

Pfizer

Uber

Some of the world's most successful money managers piled into these popular stocks during the first quarter.

5 Stocks Billionaires Couldn't Stop Buying in Q1

Bank of America stock has gained more than 125% since the March 23 lows of last year and at its current price of $42 per share, it is at the same level as its fair value of $42 – Trefis' estimate for Bank of America's valuation. Further, the U.S. bank stocks have enjoyed a strong rally in 2021.

Bank of America Stock Is Fairly Priced

Bank of America wants to attract and retain the best talent, and the bank is willing to pay extra for it, CEO Brian Moynihan said Thursday.

Bank of America 'willing to pay what it takes' to hire best talent, CEO says

Disney

Andreas Halvorsen (Trades, Portfolio)'s Viking Global Investors recently released its portfolio updates for the first quarter of 2021, which ended on March 31.

Andreas Halvorsen Sells Disney, Buys Bank of America

About two-thirds of U.S. banks are either already taking measures to limit the growth in their balance sheets or would take steps to cap them if they continue growing, a Federal Reserve survey of bank finance officers showed on Thursday.

U.S. banks ready to start limiting balance sheet growth - Fed survey

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America announced today it has increased its target for equity investment in minority focused funds from $200 million to $350 million. In less than a year, the company has committed more than $250 million to 90 investment funds across the U.S. These funds provide capital to Black, Hispanic-Latino, Asian, Native American, other under-represented minority and women entrepreneurs to help them establish and grow their businesses. Today's announcement articu

Bank of America Surpasses Equity Investment Goal of $200 Million and Increases Target to $350 Million to Support Minority Entrepreneurs

Cincinnati Financial

Canadian Natural Resources

St. Joe

Bruce Berkowitz (Trades, Portfolio), founder and managing member of Fairholme Capital Management, disclosed this week that his firm's top four sells during the first quarter were in The St. Joe Co. ( JOE , Financial), Bank of America Corp. ( BAC , Financial), Canadian Natural Resources Ltd. ( CNQ , Financial) and Cincinnati Financial Corp. ( CINF , Financial).

Bruce Berkowitz's Top 4 Sells in the 1st Quarter

Union Pacific

Union Pacific Corporation (UNP) CEO Lance Fritz Presents at BofA Securities 2021 Virtual Transportation, Airlines, and Industrials Conference (Transcript)

Alcoa

Alcoa Corporation (AA) CEO Roy Harvey Presents at Bank of America Global Metals, Mining & Steel Virtual Conference 2021 (Transcript)

Bank of America's "busted" preferred has appeal for income investors.

Bank Of America: A Preferred Worth Holding

The bank will also require its vendors to pay an hourly minimum of $15.

Bank of America Raising Minimum Wage to $25 Per Hour

Bank of America, one of the US' largest banks, announced on Tuesday that it will be increasing its hourly minimum wage to $25 by 2025. "A core tenet of responsible growth is our commitment to being a great place to work which means investing in the people who serve our clients," Sheri Bronstein, chief human resources officer at Bank of America, said in a statement. "That includes providing strong pay and competitive benefits to help them and their families, so that we continue to attract and retain the best talent."

Bank of America will boost its minimum wage to $25 an hour by 2025

Bank of America said Tuesday that it will raise the hourly minimum wage of its US employees to $25 by 2025.

Bank of America will raise its hourly minimum wage to $25 by 2025

Bank of America said on Tuesday it will raise its U.S. minimum hourly wage to $25 by 2025.

Bank of America to raise U.S. minimum hourly wage to $25 by 2025

The second biggest U.S. bank by assets has helped push compensation higher in recent years.

Bank of America says it will boost minimum wage to $25 an hour by 2025

Bank of America Corp. said Tuesday that it will raise its minimum hourly wage for U.S. employees to $25 by 2025. The announcement comes a little over a year after the bank raised its U.S. minimum wage to $20 an hour.

News for Bank of America Stock (BAC)