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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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

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Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

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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

European hedge funds have reduced their exposure to U.S. banks at a fast pace since the beginning of the year, while roughly keeping their positioning in European banks, Goldman Sachs said in a recent report sent to clients.

US banks out of favor with European hedge funds, Goldman tells clients

Bank of America stock has been pressured downward by the narrative surrounding the paper losses in its Held to Maturity portfolio. However, as a percentage of total assets and total deposits, these paper losses are relatively small. Today, the bank trades at a discount to book value that we believe is an overreaction to the downside by the market.

Don't Be Fooled: Bank of America Is Trading At Discount

Chevron

While Warren Buffett's investing genius is undeniable, his portfolio picks may not be suitable for every investor. Following Buffett's market moves can provide valuable lessons, but it's equally important to develop an independent investing strategy.

2 Buffett Stocks I Don't Want to Own: A Personal Perspective

Higher rates, decent loan demand and opening of financial centers in new markets will support BofA (BAC), as fee income growth remains weak.

BofA (BAC) Rides on Rates & Expansion Efforts, Fee Income Ails

U.S. banks are poised for a rebound in unrealized losses on their bond and loan portfolios, after a surge in market interest rates.

Rebound in Rates Puts Pressure on Banks

Bank of America has been negatively impacted by the regional banking crisis and rising interest rates, causing a $100B+ unrealized loss in its bond portfolio. The bank has benefited from the Fed's interest rate increases and the bank's book value, despite the banking crisis, is still growing. Bank of America just passed the Fed's stress test and has significant liquidity, thereby no need to sell any bonds.

Bank of America Has No Bond Problem

Bank of America (BAC) delays announcing its dividend because of differences in the results of its stress test and that of the Fed.

BofA (BAC) Delays Dividend Amid Stress Test Result Discrepancy

Bank of America Corp on Monday said it had begun a dialogue with the Federal Reserve to understand differing results of the central bank's stress test and the company's own under the Dodd-Frank Act.

Bank of America to hold talks with Fed on stress test results

Truist Financial

Large banks, including JPM, C and MS, to lift dividends after sailing through the 2023 stress test. BAC didn't provide any updates.

Large Banks to Boost Dividends After Clearing Stress Test

Bank of New York Mellon

State Street

After markets closed last Wednesday, the Federal Reserve reported that all 23 banks required to prove their ability to withstand a major market and financial collapse could, in fact, pass the test.

Big Bank Dividend Increases Follow Stress Test Results

CHARLOTTE, N.C., July 3, 2023 /PRNewswire/ -- Bank of America's 2023 Dodd-Frank Act supervisory severely adverse stress test results, submitted to the Federal Reserve as part of Bank of America's Comprehensive Capital Analysis and Review (CCAR) submission on April 5, 2023, are available on the company's website at investor.bankofamerica.com.

Bank of America Comments on Stress Test Results

Apple

American Express

Coca-Cola

Each of Buffett's top five stocks in Berkshire Hathaway's portfolio pays dividends. Income, value, and growth investors should find a stock to their liking in this group.

Warren Buffett Has Over $270 Billion Invested in These 5 Dividend Stocks

General Motors

The Oracle of Omaha has doubled up the average annual total return of the S&P 500 since becoming CEO nearly 60 years ago. Two highly profitable, brand-name companies with sustained competitive advantages are ripe for the picking.

2 Warren Buffett Stocks That Are Screaming Buys in July and 1 to Avoid Like the Plague

Bank of America's share price has been under pressure this year, like so many other banks in the US. The stock is now trading below book value, but if you're looking for income, the preferred shares may be an interesting idea. Unfortunately, they are non-cumulative, but they enjoy good dividend coverage and asset coverage levels.

Bank of America: Consider Preferred Shares With A 6% Yield

Bank of America is Berkshire Hathaway's second-largest holding, and it added positions in the first quarter. The nation's second-largest bank has a low P/E ratio and is trading below book value.

You'll Regret Not Buying the Dip on This Warren Buffett Stock

Fintel reports that on June 30, 2023, RBC Capital reiterated coverage of Bank Of America (NYSE:BAC) with a Outperform recommendation.

RBC Capital Reiterates Bank of America Outperform Recommendation

Stress testing is not just to ensure the safety and soundness of the banking system, but also to determine large bank regulatory capital requirements. These requirements determine how much capital banks can return to shareholders.

3 Big Winners from Federal Reserve Bank Stress Testing

Bath and Body Works

Estee Lauder

There is no question that large-cap stocks are the winners in 2023 thus far.  The S&P 500 is up more than 14% year-to-date.

These 3 Large-Cap Stocks Are on Sale: Buy Them Now

UnitedHealth Group

Walmart

Bank of America looks like the best bank stock set to profit from AI. UnitedHealth Group should benefit from AI throughout all of its businesses.

Prediction: These 3 Stocks Will Be Among the Biggest Non-Tech AI Winners

Bank of America is expected to release its Q2 earnings in mid-July, which is significant for the market as bank earnings provide indicators about the state of the economy. Analysts predict BAC will report $25.17 billion in revenue and $0.85 in EPS for Q2, which would be a decline from Q1 but positive growth from the prior-year quarter. BAC may beat expectations on revenue due to increased retail sales and healthy mortgage rates but may struggle to meet earnings expectations due to rising PCLs.

Bank of America: Get Ready For Earnings

Wild price swings have eased, but bank stocks remain sharply below where they stood before a trio of failures.

Banks Brace for More Turmoil in Third Quarter

Occidental Petroleum

Warren Buffett has led Berkshire Hathaway's Class A shares (BRK.A) to a better-than-4,100,000% aggregate return since he became CEO. The Buffett-ism that's not given nearly enough credit for his long-term success is his penchant for portfolio concentration.

77% of Warren Buffett's $366 Billion Portfolio Is Invested in Only 6 Stocks

Stronger growth and employment data lift shares that rise with the economy.

Bank Stocks Lead Market Higher After Clearing Fed Tests

Markets were mixed, with tech taking a back seat on Thursday. Bank stress tests from the Federal Reserve were generally favorable.

Why Dividend Investors Must Watch Bank Stocks Now

Shares of major bank names are making moves today, after the Federal Reserve said all 23 of the biggest banks in the U.S. included in its annual stress test weathered a severe recession scenario.

News for Bank of America Stock (BAC)