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

Bank of America's Series L preferreds have risen since I last wrote about them. The yield is down to 6%. That's still a much better yield than you'll find on most assets today. On the other hand, Bank of America's common equity has truly rallied and is now pricier than it once was.

Bank of America 6% Yield Preferreds - Upgrading To Strong Buy

In the most recent trading session, Bank of America (BAC) closed at $36.86, indicating a -0.51% shift from the previous trading day.

Bank of America (BAC) Suffers a Larger Drop Than the General Market: Key Insights

Goldman Sachs

JPMorgan Chase & Co

The banking sector is a cornerstone of a healthy economy, and cheap bank stocks present an enticing opportunity for discerning investors. However, with numerous players in the field, choosing the right ones for your portfolio requires careful consideration.

3 Cheap Bank Stocks You'll Regret Not Buying in 2024

CHARLOTTE, N.C., March 25, 2024 /PRNewswire/ -- Bank of America today announced Merrill is offering new income-focused portfolios designed to deliver predictable income for retirees over a 25-year period.

New Merrill Portfolios Designed to Provide BofA Clients Predictable Income in Retirement

Enbridge

PepsiCo

TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Bank of America and PepsiCo.

Top Wall Street analysts like these dividend stocks for portfolio income

Realty Income Corp

Reliable dividend growth is built on strong businesses. Bank of America has transformed since the Great Recession and has a historically attractive yield.

2 No-Brainer Dividend Stocks to Buy Right Now for Less Than $500

Intel

Occidental Petroleum

Occidental Petroleum is preparing for oil's future that most people don't expect. While it's been a challenging few quarters for the banking industry, Bank of America is holding up just fine.

Got $5,000? Buy and Hold These 3 Value Stocks for Years

CHARLOTTE, N.C. , March 22, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 25, 2024 all CAD1,000,000,000 principal amount outstanding of its 2.932% Fixed/Floating Rate Senior Notes, due April 2025 (CUSIP No.

Bank of America Announces Redemption of CAD1,000,000,000 2.932% Fixed/Floating Rate Senior Notes due April 2025

SoFi Technologies

Which is a better fit for your investing goals?

Dividend Stocks or Growth Stocks: Is Bank of America or SoFi Technologies the Better Stock to Buy?

Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app.

Bank of America Consolidates Banking, Investing, Retiring Into One App

New unified app receives 2024 Celent Model Bank award for customer-centered innovation CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- Bank of America has launched a massive update to its mobile app, reimagining how clients interact with their finances.

BofA Unifies Mobile Apps for Banking, Investing, and Retirement Into One Personalized Digital Experience

Bank of America is the second largest bank in the world and offers a wide array of services to individuals, institutions, and businesses. The bank has demonstrated solid growth in customer base and has the resources to invest in new product development. Bank of America is attractively valued with an 11% discount and offers a solid dividend yield, making it a "Strong Buy".

Bank Of America: Investing In Predictability

Citigroup

Jefferies Financial Group Inc

Morgan Stanley

Wells Fargo

Oppenheimer concludes there is a 25% upside, on average, for big banks like Bank of America or Citigroup.

Bank Stocks Are Hurting. Lower Rates Will Give Them a Lift Later This Year.

Apple

Chevron

Bank of America isn't in the same boat as several struggling banks. Apple wasn't a name that would have been found in Berkshire's portfolio a decade ago, but it has earned its spot there.

3 Warren Buffett Stocks to Buy Hand Over Fist in March

Bank of America (BAC) concluded the recent trading session at $36.01, signifying a +1.69% move from its prior day's close.

Why Bank of America (BAC) Outpaced the Stock Market Today

Research Shows Women are Taking Steps to Secure Their Financial Future; 83% Have or Want to Learn About Money and Finances NEW YORK, March 15, 2024 /PRNewswire/ -- Today, Merrill Wealth Management launched #WomenInvested Meet Ups: Real Conversations About Investing, a video series offering tips and insights in a jargon free zone to help women pursue their financial goals. The first installment is 'Women's Superpower: Investing' and highlights the essential role investing plays in helping women build a more secure financial future.

Merrill Launches New Video Series: #WomenInvested Meet Ups

American Express

Kraft Heinz

Coca-Cola

NVIDIA

Arguably the most important Apple (NASDAQ: AAPL) bull, the famous investor Warren Buffett, has always been a fascinating figure whose portfolio often gives invaluable insights into some of the safest and most promising stocks available on the market.

Here's how Warren Buffett's portfolio is performing in 2024

CHARLOTTE, N.C. , March 14, 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 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.125 April 1 April 30 Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z                       $32.500 April 1 April 23 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 April 1 April 24 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 April 15 May 3 4.125% Non-Cumulative Preferred Stock, Series PP $0.2578125 April 15 May 2 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR $10.9375000 April 1 April 29 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT $15.3125000 April 1 April 29 1 Each series of preferred stock, other than Series L, is represented by depositary shares.

Bank of America Declares Second Quarter 2024 Preferred Stock Dividends

Bank of America has made several leadership changes in its capital markets business, setting up a new advisory group called capital markets advisory in a bid to better align its offering amid a volatile macroeconomic and geopolitical environment, according to a memo seen by Reuters on Thursday.

Bank of America revamps its capital markets division, memo says

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

US stocks climbed higher in February with the DJIA adding 0.4% and the S&P closing in on the 5,000-point mark.

February's Dividend Portfolio Update Sets New Record - 100 Holdings, 19 Strategic Buys

Bank of America has joined the chorus of investment banks raising S&P 500 forecasts as economic optimism spreads. The bank raised its S&P 500 earnings per share (EPS) estimates to $250, up from the previous forecast of $235.

Bank of America joins investment banks hiking S&P 500 forecasts

Thanks to Charlie Munger, Buffett now targets well-rounded companies even if they aren't trading at dirt-cheap valuations. Buffett favors investing in companies that return capital to shareholders through dividends and share buybacks.

6 Dividend Stocks Make Up 78.4% of Warren Buffett's $370 Billion Portfolio, and They Are All Cheaper Than the S&P 500

Fifth Third Bancorp

Regions Financial

JPMorgan (JPM), BofA (BAC), Fifth Third (FITB), Regions Financial (RF) and other banks covered under the proposed capital plan can take a breather as the Fed signals modifications to the plan.

Wall Street Rejoices as Regulators Agree to Modify Capital Plan

The FDIC-Insured banks' (like JPM, BAC, C & WFC) Q4 earnings are hurt by rising funding costs, an increase in non-interest expenses and poor asset quality. Yet, higher rates, changing revenue mix and decent loan demand offer some support.

FDIC-Insured Banks' Q4 Earnings Down on Non-Recurring Charge

The Oracle of Omaha has delivered a nearly 5,000,000% aggregate return for Berkshire Hathaway's Class A (BRK.A) shareholders since taking the helm as CEO nearly six decades ago. Portfolio concentration has played a critical role in the sustained outperformance of Buffett's company.

News for Bank of America Stock (BAC)