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

Earnings data Q3 2023

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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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Stockholders equity

Minority interest

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Book value per share

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Funds from operations

Change in working capital

Cash from investing

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Purchase/sale of investments

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Cash from financing

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Free cash flow

JPMorgan Chase & Co

Some of the largest U.S. banks will probably report weaker profits for the second quarter as they earn less from interest payments and set aside more money to cover deteriorating loans, analysts said.

JPMorgan and Bank of America are on track to report weaker profits in Q2

Bank of America investors have outperformed the S&P 500 recently. BofA has a solid banking franchise, benefiting from a higher-for-longer Fed. BAC's exposure to CRE loans is expected to remain well-controlled.

Bank of America: Let Your Winners Run

Bank of America (BAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Bank of America (BAC) Q2 Earnings Expected to Decline

CHARLOTTE, N.C. , July 9, 2024 /PRNewswire/ -- As previously announced, Bank of America will report its second-quarter 2024 financial results on Tuesday, July 16.

Bank of America to Report Second-Quarter 2024 Financial Results and Host Investor Conference Call on July 16

Bank of America has continued to outperform smaller, more spread-dependent banks, and Q2'24 should be the low point for NIM and net interest income. Leveraging past investments into technology, Bank of America should be able to pair slightly above-average revenue growth with above-average operating leverage, driving high single-digit pre-provision growth in '25-'26. Bank of America has opportunities to leverage growth in trading and investment banking that may not be fully appreciated, as well as core consumer growth opportunities in wealth and cards.

Bank of America Should Outperform On Core Growth In '25-'26, But Is That Priced In?

The upcoming US bank earnings season could bring a tidal shift for Bank of America Corp (NYSE:BAC), analysts at UBS said.  So far this year, investor enthusiasm for BofA shares seem to lag that for money center bank rivals Citigroup, Wells Fargo and JPMorgan Chase, the analysts noted, though all four stocks have performed fairly in-line with one another.

Bank of America and JPMorgan the ones to watch as US bank earnings season kicks off

UBS analysts on Monday called Bank of America Corp. the “most interesting money center,” as major banks approach second-quarter earnings season later this week.

UBS leans into Bank of America ahead of micro-focused bank earnings

Citigroup

LPL Financial Hlds

Raymond James

Charles Schwab

State Street

Wells Fargo

JPMorgan Chase & Co. on Monday drew a downgrade to peer perform while Bank of America Corp. was highlighted as a top pick at Wolfe Research before the big banks deliver profit updates in the coming days.

JPMorgan downgraded on valuation, while Bank of America shines as top pick: analyst

Dividend stocks have helped drive Berkshire Hathaway's outperformance over the last six decades. Many of the core holdings in Warren Buffett's 44-stock, $397 billion portfolio at Berkshire Hathaway generate meaningful dividend income.

Meet the Stock Generating More Than $1 Billion in Annual Dividend Income for Warren Buffett (Hint: It's Not Apple or Coca-Cola!)

SPDR Portfolio S&P 500 ETF

AT&T

The old saying of “it takes money to make money” doesn't apply to investing anymore. The democratization of Wall Street now allows investors with as little as $50 to invest in stocks to buy.

Only Have $50 to Invest? Then Buy These 3 Stocks Now.

Stocks like Citigroup (C), JPMorgan (JPM) and Bank of America (BAC) are expected to maintain their momentum and keep scaling new highs.

3 Bank Stocks to Keep an Eye On as They Hit a New 52-Week High

Bank of America Corp BAC stock hit a new 52-week high of $40.96 on Tuesday, continuing its impressive run.

Bank Of America Stock Is Up Over 21% For The Year: High Interest Rates Fuel Bullish Outlook

Ford Motor Company

Hewlett Packard

You don't have to shell out big bucks to buy quality stocks. There are a lot of great stocks available to buy for less than $50.

The 3 Best Under $50 Stocks to Buy in July 2024

Goldman Sachs

The industry's deposit growth is faring better than expected, an analyst says.

Analyst Downgrades Goldman and Upgrades BofA. Here's Why.

Bank of New York Mellon

Investors remain bullish on bank stocks in the first half of 2024, driven by rate cut expectations, decent lending and modest economic growth. So, banks - Citigroup (C), Wells Fargo (WFC), JPMorgan (JPM), Bank of America (BAC) and BNY Mellon (BK) - outperform the S&P 500 index.

5 S&P 500 Banks That Outperformed the Index in the First Half

U.S. Bancorp

The banking sector has a reputation for being a lucrative space for investors. Not only do bank stocks pay out massive dividends and yield impressive returns, but they are also great options for investors looking to build strong portfolios.

The 3 Best Bank Stocks To Buy In July 2024

Ally Financial

Jefferies Financial Group Inc

Kraft Heinz

Coca-Cola

Kroger

Paramount Global

Sirius XM Holdings Inc

This Berkshire/Buffett holdings list from Kiplinger first appeared on 5/16/24 on the Berkshire Hathaway SEC Form 13F. Kiplinger, YCharts, and Dogs-of-The-Dow all track this Berkshire batch. Here is your 6/28/24 YCharts update. 25 of 41 current Berkshire-owned-stocks pay dividends. As of 6/28/24, the top ten ranged from 2.41% to 4.97% by annual yield, and 38 of 41 ranged from 0.60% to 71.4% by broker-estimated target-price-upsides. Analyst-estimated top-ten net gains from Berkshire's June dividend dogs ranged from 15.93% to 40.57% from DEO, PARA, KHC, and SIRI, as per YCharts.

3 Buyable Berkshire Dividend Dogs From June And 6 To Watch

Morgan Stanley

24/7 Insights Financial stocks often do well when interest rates go higher Wall Street is only expecting one rate cut by the Federal Reserve this year Grab this free report now Access 2 legendary, high-yield dividend stocks Wall Street loves After years of a low-interest rate environment, which has reversed significantly over the last two years, many investors continue to turn to equities for growth potential and solid and dependable dividends.

4 Wall Street Blue Chip Financial Giants Are Raising Their Dividends

Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong - without too much inflation - to ensure banks are doing okay. What's called the Fed's “stress test” ended last week, and despite some concerns about the state of consumer credit, most banks passed with flying colors.

These Top 3 Banks Raise Dividends After Passing Fed Stress Test

American Express

Citizens Financial Group

Capital One

First Citizens BancShares

Fifth Third Bancorp

Huntington Bancshares

M&T Bank

PNC Financial Services

SPDR S&P 500 ETF Trust

Truist Financial

With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday.

This is how much the largest 20 U.S. banks raised dividends after stress tests

Alphabet

MercadoLibre

Latin America's MercadoLibre is in an ideal position to capitalize on the region's impending mobile e-commerce boom. Despite its age and massive size, Alphabet still has several growth engines other than Google that it can put to work.

If I Could Buy Only 3 Stocks in 2024, I Would Pick These

Here is a rundown of some of the Friday announcements from U.S. banks that were subject to this week's stress tests.

Bank of America, JPMorgan, Goldman Raise Investor Payouts Post-Stress Tests

JPMorgan said it was raising its quarterly dividend 8.7% to $1.25 per share and that it authorized a new $30 billion share repurchase program. Morgan Stanley said it was boosting its dividend 8.8% to 92.5 cents per share and authorized a $20 billion repurchase plan.

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

Big banks plan to pay out more to shareholders after passing regulators' annual stress test results earlier this week.

Big Banks Boost Dividends After Passing Stress Tests

U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve's annual health check.

News for Bank of America Stock (BAC)