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 Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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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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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

Amgen

Blackrock Inc

ConocoPhillips

Cisco Systems

Goldman Sachs

Johnson & Johnson

JPMorgan Chase & Co

Coca-Cola

MetLife

Altria

Morgan Stanley

NextEra Energy

PepsiCo

Pfizer

PNC Financial Services

Sempra Energy

Target

Texas Instruments

U.S. Bancorp

Vanguard High Dividend Yield ETF

There are 22 stocks on my high yield watchlist for November 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks underperformed the Vanguard High Yield Dividend ETF by about 1% during the month of October.

High Yield Stock Watchlist - November 2023

Bank of America Corp. has drawn an upgrade to market perform from underperform at Keefe, Bruyette & Woods after “the fever broke” around higher bond yields that have impacted bank stocks.

Bank of America upgraded to market perform at KBW because ‘the fever broke' around bond yields

ACM Research

Disney

Extra Space Storage

Realty Income Corp

Paramount Global

In investing, finding the right stocks to buy can be a daunting task. But November 2023 offers a promising landscape for savvy investors.

Your Smartest Buys Now: The Top 7 Bargain Stocks to Buy in November

First Horizon National

Invesco KBW Bank ETF

M&T Bank

New York Community Bancorp

Truist Financial

Western Alliance Bancorporation

Wells Fargo

Zions Bancorp

The SPDR S&P Regional Banking ETF NYSEARCA: KRE closed 1.08% lower on November 6, after a privately held regional bank was closed by the Iowa Division of Banking.

Banking and trucking: Is the economy rolling toward troubles?

Apple

Amazon

Snowflake

Warren Buffett has led the Berkshire Hathaway investment conglomerate to market-beating returns since 1965. The investing legend doesn't factor artificial intelligence (AI) into his strategy, but the technology might be critical to Berkshire's future.

Warren Buffett's Best 5 Artificial Intelligence (AI) Stocks

Citigroup

Banks are selling risk to hedge funds and private-equity firms through so-called synthetic risk transfers.

Big Banks Cook Up New Way to Unload Risk

Chevron

Analysts see a 21% upside potential for Bank of America. Chevron's share price could rebound by 23%, if Wall Street's average price target is right.

$45 Billion of Warren Buffett's Portfolio Is Invested in 2 Stocks That Could Soar More Than 20% Over the Next 12 Months, According to Wall Street

American Express

If any investor has stood the test of time, it's Warren Buffett, and with good reason.

5 Blue Chip Dividend Stocks Make Up a Stunning 74% of Warren Buffett's Portfolio

Bank of America's mobile app flashed a message on Friday that said customers could be facing temporary delays in depositing funds into their accounts after a technical glitch impacted multiple financial institutions.

BofA notifies customers of temporary industry-wide deposit delays

Goldman Sachs Group Inc.'s stock GS, +4.06% is the biggest gainer among the 30 stocks in the Dow Jones Industrial Average DJIA, +0.80% at midday Friday with a rise of 4% at midday on Friday. The stock has risen 12.6% so far this week.

Goldman Sachs leads gainers among the 30 stocks in the Dow Jones Industrial Average; Bank of America up handily

Shares of Bank of America Corp. surged 3.6% toward a fifth straight gain in morning trading Friday, as they got a big boost from October jobs data, which fueled hopes that interest rates may have peaked. BofA's stock was up a scant 0.1% in the premarket just before the jobs data was released.

Bank of America's stock gets a big boost from jobs data, surges toward a 5th straight gain

Capitulation signs are, well, emerging in emerging markets, with stocks at their worst level relative to U.S. since 1971.

Bank of America says emerging markets are showing signs of capitulation

Adobe

Costco

Mastercard

STAG Industrial

The stock market has helped many investors generate long-term returns. However, the market has various stretches of high volatility that can rattle many investors.

Find Stability in the Market With These 7 Blue-Chip Stocks to Buy

In today's article, I will demonstrate why I incorporated Bank of America into The Dividend Income Accelerator Portfolio. I will show you in detail why I selected Bank of America over competitors such as JPMorgan, Wells Fargo, and Citigroup. I believe that Bank of America is the most attractive pick among its peer group in terms of Valuation, and the best choice to combine dividend income with dividend growth.

Why I Chose Bank of America Over Competitors For The Dividend Income Accelerator Portfolio

Warren Buffett is undeniably the greatest living investor. Since becoming chairman of Berkshire Hathaway (NYSE: BRK-A )(NYSE: BRK-B ) in 1965, he generated returns of 3.7 million percent for investors.

Wall Street Predicts These 3 Warren Buffett Stocks Will Soar 88% to 242%

Merrill Center for Family Wealth™ publishes guide to productive family conversations about money and relationships NEW YORK , Nov. 2, 2023 /PRNewswire/ -- Nearly four in five wealthy families have had unplanned discussions about wealth with 26% later regretting it, according to a new study published by the Merrill Center for Family Wealth™, a part of Merrill Private Wealth Management. The research found 33% of families increased family conversations about wealth since the Pandemic; however, many families dive in without a plan, process, or skills to make well-intended conversations productive.

Spontaneous Family Wealth Discussions and Decisions Can Lead to Regrets, Finds Merrill Study

Best Buy

Discover

Pioneer Natural Resources

Skyworks Solutions

The market slide continues in October with the SPDR S&P 500 Trust ETF dropping by 2.17%, marking three consecutive months of losses for the fund. The top 10 stocks on the watchlist for November 2023 offer a 4.58% dividend yield, more than double the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 8.20% since its inception in November 2020.

My Top 10 High Yield Dividend Stocks For November 2023

Bank stocks continue to be under pressure, with the shares of many lenders now at a 52-week low. The Standards and Practices (S&P) Banks Index is currently down 22% versus a year-to-date gain of 10% in the benchmark S&P 500 index.

Financial Steals: 3 Bank Stocks With Outstanding Value

Bank stocks continued to trade mixed after the Federal Reserve said it would leave interest rates unchanged, as expected. Bank of America Corp. BAC dipped fractionally after losing 0.3% shortly before the Fed's announcement.

Bank stocks mixed after Fed leaves rates unchanged, as Bank of America dips while Goldman Sachs rises

ConnectOne Bancorp

Fifth Third Bancorp

SPDR S&P Regional Banking ETF

Washington Federal

Financial Select Sector SPDR Fund

The clouds over bank stocks aren't expected to clear anytime soon, fund manager Dave Ellison said, but some names remain attractive based on valuation.

Investors should ‘be patient' with beaten-down bank sector, buy-side fund manager says

The Oracle of Omaha has substantially outpaced the total return of the broad-based S&P 500 since becoming CEO of Berkshire Hathaway nearly six decades ago. Bargains can always be found in Berkshire Hathaway's investment portfolio.

3 Warren Buffett Stocks That Are Screaming Buys in November

Bank of America operates four key segments. Higher interest rates are having a big effect on the company.

4 Things You Need to Know if You Buy Bank of America Today

Ally Financial

Bank stocks are getting hit with concerns over rising interest rates and commercial real estate failures. Investors would be smart to look at bank stocks with stable deposit bases and minimal real estate exposure.

Bank Stocks Are Falling Again -- Should You Buy The Dip?

News for Bank of America Stock (BAC)