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

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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.

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Cost of revenue

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

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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

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Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Bank of America Corp BAC reported better-than-expected second-quarter results on Tuesday.

These Analysts Boost Their Forecasts On Bank of America Following Better-Than-Expected Earnings

Bank of America reported better than expected earnings for Q2, driven by strong investment banking results and solid net interest income. Despite strong performance, risks include a decline in federal fund rates and balance sheet deterioration. BAC faces potential challenges with a changing interest rate environment. Shares are likely fully valued.

Bank of America: Impending Fed Pivot Creates Risk

For Bank of America, digital channels have represented avenues of continued growth, making inroads with credit card spending in particular. According to management, there's still room left for consumers to keep spending on those cards.

Bank of America: Consumers Still Have Borrowing Power Left on Their Credit Cards

Bank of America Corporation (NYSE:BAC ) Q2 2024 Earnings Conference Call July 16, 2024 8:30 AM ET Company Participants Lee McEntire - Investor Relations Brian Moynihan - Chief Executive Officer Alastair Borthwick - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Jim Mitchell - Seaport Global Mike Mayo - Wells Fargo Securities Steven Chubak - Wolfe Research Betsy Graseck - Morgan Stanley Erika Najarian - UBS Ken Usdin - Jefferies Gerard Cassidy - RBC Vivek Juneja - JPMorgan Matt O'Connor - Deutsche Bank Operator Good day, everyone, and welcome to the Bank of America Earnings Announcement. At this time all participants are in a listen-only mode.

Bank of America Corporation (BAC) Q2 2024 Earnings Call Transcript

Goldman Sachs analyst Richard Ramsden reiterated a Buy rating on Bank Of America Corp BAC with a price target of $45.

Bank of America's Growth Boosted by Strong Fees and Operating Efficiency: Goldman Sachs Analyst

U.S. stocks traded mostly higher midway through trading, with the Dow Jones index surging more than 550 points on Tuesday.

Crude Oil Down 1%; Bank of America Posts Upbeat Earnings

Morgan Stanley

UnitedHealth Group

We hit the ground running in this morning's pre-market. Q2 earnings season for the next four weeks will bring us key performance numbers from all manner of publicly traded equities, while key economic data helps us interest-rate prognosticators keep tabs on the odds of a pending interest rate cut.

Retail Sales Came in Better Than Expected

Earnings season is here again, and kicking it off are financial stocks like the commercial and investment banks that most people avoid due to their complex business models. However, as these banking stocks start to report their quarterly figures, investors can get a feel for how the sector is doing and gain insight into how the rest of the economy is doing as a whole.

Could the Economy be Bottoming? Major Bank's Earnings Say Yes

Any investors still hoping for a July rate cut based on economic prints, we can uncross our fingers now.

Econ Reports, Q2 Earnings Take July Rate Cut Off the Table

Bank of America stock is trading higher Tuesday after the financial firm beat analysts' expectations for its second quarter. Here's what you need to know.

Bank of America Stock Pops After Q2 Earnings: What to Know

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

Compared to Estimates, Bank of America (BAC) Q2 Earnings: A Look at Key Metrics

Bank of America (BAC) shares rose Tuesday as second-quarter revenue and profit beat estimates despite slightly lower net interest income (NII) than analysts were anticipating.

Bank of America Posts Earnings Beat on Investment Banking Boost

BAC stock surged Tuesday after Bank of America reported results. PNC Financial, State Street, Morgan Stanley release earnings.

Bank Of America Stock Adds To 24% Rally On Q2 Earnings; Financial Stocks Eye Breakouts

BofA (BAC) records a marginal increase in revenues in the second quarter of 2024.

BofA (BAC) Gains on Q2 Earnings Beat, IB & Trading Fee Growth

Bank of America (BAC) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.88 per share a year ago.

Bank of America (BAC) Q2 Earnings and Revenues Beat Estimates

Bank of America earned $6.9 billion, or 83 cents per share, in the quarter ended June 30, compared with $7.4 billion, or 88 cents per share, a year earlier.

Bank of America profit drops on lower interest income, outlook lifts shares

Bank of America Corp (NYSE:BAC) shares rose over 2% premarket on Tuesday after it reported a smaller fall in profit for the second quarter than expected. Interest income dropped and it made more provisions for potential loan losses, however, earnings were better than Wall Street expected.

Bank of America earnings fall less than expected as investment banking fees jump

BAC's strong Q2 and positive banking sector trends suggest a bullish short-term outlook for financial stocks, reflecting industry-wide momentum.

Bank of America Exceeds Expectations on Robust Investment Banking Results

Bank of America's profit fell in the second quarter as its income from interest on loans shrank and it set aside more money to cover potential credit losses.

BofA's profit falls on shrinking interest income

CHARLOTTE, N.C. , July 16, 2024 /PRNewswire/ -- Bank of America reported its second quarter 2024 financial results today.

Bank of America Reports Second Quarter 2024 Financial Results

CEO Brian Moynihan told investors in April that net interest income would bottom in the second quarter. The measure, known as NII, is the difference between what the bank earns on loans and what it pays depositors for their savings.

Bank of America is about to report earnings — here's what Wall Street expects

Merck

PayPal

By one estimation, artificial intelligence (AI) can provide a $15.7 trillion lift to the global economy by 2030. Despite AI's seemingly limitless potential, some of Wall Street's smartest and richest money managers parted ways with their shares of Nvidia during the first quarter.

Forget Nvidia: Billionaires Are Dumping It and Piling Into These 3 Surprising Value Stocks Instead

Albertsons Companies

Capri Holdings Ltd

Enphase Energy

Goldman Sachs

JPMorgan Chase & Co

Kroger

Sunnova Energy International Inc

Sunrun

SolarEdge Technologies

Tapestry

CNBC's Jim Cramer on Monday named stocks that could stand to see gains if former President Donald Trump returns to office, as well as ones that may notch losses. "After this weekend, it sure seems like the Trump stocks are back," he said.

Jim Cramer names stocks that could rally, or fall, during another Trump presidency

Bank of America Corp BAC will be reporting its second-quarter earnings on Tuesday. Wall Street expects 80 cents in EPS and $25.2 billion in revenues as the company reports before market hours.

Bank Of America's Bullish Trajectory Ahead Of Q2 Earnings: What Technicals Reveal

Citigroup

Wells Fargo

Bond yields for three of the four biggest money-center banks have continued to tighten against Treasurys following their earnings updates, in a positive sign of demand ahead of billions of dollars in fresh debt expected from the banks.

News for Bank of America Stock (BAC)