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

Morgan Stanley

Wells Fargo

U.S. bank profits were significantly higher in the third quarter than the first half of 2020, although the industry still lagged behind 2019 levels, a regulator reported on Tuesday.

U.S. bank profits recover from early 2020 turmoil, still down from year prior

Bank of America has risen 62% since the COVID-19 low. Lower interest rates and credit provisions are (temporarily) hurting the earnings.

Bank Of America Is Recovering From COVID-19

Morgan Stanley is overall bullish on bank stocks in 2021, but downgraded three of the largest Monday. The Analyst: Morgan Stanley analyst Betsy Graseck issued the following ratings changes among large-cap banks and consumer finance stocks:

Morgan Stanley Bullish On Many Banks, But Downgrades Bank Of America, JPMorgan, Goldman Sachs

Bank of America's (BAC) plans to keep 2020-end bonus levels similar to the prior year despite impressive trading performance comes as a shock for Wall Street traders.

BofA (BAC) Plans to Keep 2020-end Bonus Flat Year Over Year

AbbVie

Bristol-Myers

General Motors

Kroger

Liberty Latin America

Merck

Pfizer

Snowflake

T-Mobile US

In this article we'll run through the Top 10 Stocks Warren Buffett Just Bought. If you're in a hurry to see the hedge fund legend's highest conviction new stock purchases, you can jump straight to the Top 5 Stocks Warren Buffett Just Bought .

Top 10 Stocks Warren Buffett Just Bought

Bank of America Corp (NYSE: BAC) shares are up 23.7% in the last six months, but at least one larger option trader is betting the Bank of America rally will be running out of steam in coming weeks. The Bank of America Trade: On Wednesday morning, Benzinga Pro subscribers received an option alert related to an unusually large Bank of America trade.

Bank Of America Option Trader Makes $2.6M Bet The Stock Is Headed Lower By January

The Fed is about to release the "pandemic-induced" mid-cycle CCAR stress tests. BAC should easily pass the CCAR stress tests and with flying colours.

Bank Of America: December CCAR And The Buybacks Catalyst

Blackrock Inc

Halliburton

Valero Energy

Energy Select Sector SPDR Fund

Financial Select Sector SPDR Fund

Exxon Mobil

Two industries more than pulled their weight on Tuesday.

Here's Who to Thank for the Stock Market's All-Time Highs

Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren't timid and registered double digit market beating gains. Financials, energy and industrial stocks aren't doing great but many of the stocks that delivered strong returns since March are still going very strong and hedge funds actually increased their positions in these stocks. In this article we will find out how hedge fund sentiment to Bank of America Corporation (NYSE:BAC) changed recently.

Do Hedge Funds Love Bank of America Corporation (BAC)?

AMTD International Inc

Bank of New York Mellon

M&T Bank

Third-quarter 13-F filings of major investment management companies have been hitting the market over the last couple of weeks. Investors monitor these regulatory filings not only to find lucrative investment ideas that are loved by gurus but also to gauge a measure of market sectors that are going out of favor among the best brains in the industry.

Gurus Looking Down on the Banking Sector

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about as they manage and build their personal portfolios. We surveyed a group of over 300 Benzinga readers on whether shares of Bank of America (NYSE: BAC) or Wells Fargo (NYSE: WFC) stock would grow the most by 2025.

Will Bank Of America Or Wells Fargo Stock Grow More By 2025?

U.S. Bancorp

American Express

After significantly cutting his stake again in Wells Fargo, there is a new pecking order among Buffett's favorite banks.

These Are Now Buffett's 3 Favorite Banks

Apple

Dominion Energy

Whether you realize it or not, the torch has been passed.

The Stark Reality Buffett Followers Must Face

SPDR S&P Bank ETF

Bank stocks are among the most exposed to a new wave of coronavirus infections, but Jefferies strategists think now is the time to pile in. Financial sector profits nosedived early in the pandemic as firms diverted profits to bolster reserves for soured loans. Banks have so far set aside roughly $110 billion for loan losses, and that sum now serves as a "huge safety cushion" as the economy continues to recover, the team led by Sean Darby said Wednesday. With revenues trending higher and loss provision costs falling, bank stocks might be rebounding from their bottom, the strategists added.

Bet on bank stocks now before a virus vaccine and easier lending lifts the sector in 2021, Jefferies says

Wall Street legend Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B) filed its 13F form this week, revealing that Buffett has continued to reduce his exposure to a number of large U.S. banks. The lone exception to Buffett's bank selling in the third quarter was Bank of America Corp (NYSE: BAC), which Buffett was buying.

How Bank Of America Has Become One Of Warren Buffett's Best Investments

BofA's (BAC) ratings and outlook affirmation by Moody's reflects solid balance sheet position, prudent cost management, focus on digitizing operations and business diversification efforts.

BofA's (BAC) Ratings Affirmed by Moody's, Outlook Stable

Ameris Bancorp

The financial sector could be a major beneficiary of a widely available vaccine.

Why a Coronavirus Vaccine is Good News for Banks

Canadian Natural Resources

Kinder Morgan

AT&T

Bruce Berkowitz (Trades, Portfolio), founder and managing member of the Fairholme Fund (Trades, Portfolio), disclosed this week that his top four buys during the third quarter were Bank of America Corp. (NYSE:BAC), AT&T Inc. (NYSE:T), Canadian Natural Resources Ltd. (NYSE:CNQ) and Kinder Morgan Inc. (NYSE:KMI).

Bruce Berkowitz's Top 4 Buys in the 3rd Quarter

Capital One

Invesco KBW Bank ETF

State Street

Shares of the big banks have lagged behind the broader market. But the group could soar during a sustained economic recovery.

Deep Dive: Put bank stocks in the ‘buy' pile if you think a coronavirus vaccine will help mend the economy

Discover

Synchrony Financial

Major card issuers - JPMorgan (JPM), BofA (BAC), Citi (C), Capital One (COF), Synchrony Financial (SYF), American Express (AXP) and Discover Financial (DFS) - report mixed data on charge-offs and delinquency rates for October.

Card Issuers' Charge-Offs, Delinquency a Mixed Bag in October

Alphabet

Micron Technology

Li Lu (Trades, Portfolio), founder of Himalaya Capital, disclosed four positions in his third-quarter 13-F filing: Facebook Inc. (NASDAQ:FB), Micron Technology Inc. (NASDAQ:MU), Bank of America Inc. (NYSE:BAC) and Alphabet Inc. (NASDAQ:GOOG).

New Premium Guru Li Lu's 4 Holdings

BOA clearly generates stronger risk-adjusted returns compared to Citi. It is a superior banking franchise, no doubt. Citi's cheap valuation, however, is too tempting for some and yet many fear it is a value trap that will perennially underperform.

Citigroup Or Bank Of America: Which Is The Better Bank To Own In 2021?

Although Bank of America stock has gained around 50% since the March bottom, it is still down 26% YTD. Trefis estimates Bank of America's valuation to be around $29 per share - around 10% above the current market price.

Down 25% YTD, Bank of America Stock Is Pressured By Low Interest Rates

Here's why bank stocks have outpaced the S&P 500 this week. Trade two of the industry's biggest names with these tactical ideas.

Retracement in Bank Stocks Provides Buying Opportunity

Loans under deferral at the biggest four US banks plunged from $190 billion in June to $90 billion as of September 30, but it is uncertain whether they will continue declining in the coming months, according to Financial Times analysis of regulatory filings. The Q3 decline owes to consumers and businesses resuming payments as the economy began to reopen and social distancing measures eased in many regions. But spiking coronavirus infection rates across the US have raised concerns that the dip in deferrals could only be temporary.

News for Bank of America Stock (BAC)