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

Apple

The billionaire investor is making some curious moves.

Does Warren Buffett Know Something Wall Street Doesn't? The Billionaire Legend Dumps $9.6 Billion of Key Holding While Buying $345 Million of His Favorite Stock.

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

U.S. consumers remain resilient with solid spending in the third quarter, two of the country's biggest lenders said on Friday, although there are signs higher inflation has stretched some Americans on lower incomes.

Big US banks say consumers are still strong, despite economy fears

An SEC filing released on October 10 revealed that Warren Buffett sold an additional $382.4 million in Bank of America (NYSE: BAC) stock.

Warren Buffett just unloaded $382 million of this stock

Warren Buffett now holds less than 10% stake in the Bank of America stock, meaning he is no longer required to disclose future stock sales.

Buffett's BAC stake drops below 10%: what it means for investors

JPMorgan Chase and Wells Fargo reported third-quarter earnings this morning.

Why JPMorgan Chase, Bank of America, and Wells Fargo Are Trading Higher

Warren Buffett's Berkshire Hathaway (BRK.A) won't have to report its transactions in Bank of America (BAC) stock promptly anymore.

Buffett Dumps More Bank of America Stock, No Longer Has To Report Moves Promptly

Bank of America Corporation BAC currently offers an annual dividend yield of 2.6%. That's a quarterly dividend amount of 26 cents per share ($1.04 a year).

How To Earn $500 A Month From Bank of America Stock Ahead Of Q3 Earnings

Despite the stock's decline since the summer and Warren Buffett's share sales, I believe Bank of America's AI investments, particularly Erica, will sustain growth and improve operational efficiency. The Federal Reserve's interest rate cuts and BAC's strong consumer spending trends present economic tailwinds, making the current market sentiment overly cautious. Analysts' conservative EPS projections for Q3 may be exceeded due to BofA's AI-driven efficiencies and robust performance in investment banking and capital markets.

Bank of America Q3 Preview: Erica AI To Power Growth

Billionaire Warren Buffett's Berkshire Hathaway unloaded more Bank of America stock this week that takes its stake in the U.S. banking giant below 10%.

Buffett's Berkshire cuts stake in BofA to below 10%

It's unclear whether Berkshire Hathaway CEO Warren Buffett is finished paring the Bank of America stake.

Berkshire Sells More Bank of America Stock; Now Holds 10% Stake

Warren Buffett's Berkshire Hathaway cut its stake in Bank of America below an important level.

Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently

Besides Wall Street's top -and-bottom-line estimates for Bank of America (BAC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Bank of America (BAC) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Allegations that back employees in India shared nonpublic information with investors ahead of stock sales are costing the bank business.

Bank of America Is Losing Work Over Block-Trading Probe in Asia

Bank of America is slated to report Q3 results next week. So, we discuss the factors impacting its performance and whether you should buy the stock now or not.

Evaluating BAC Stock Before Q3 Earnings: Should You Buy Now or Hold?

Majority of women and minority business owners surveyed plan to expand their businesses over the next 12 months CHARLOTTE, N.C. , Oct. 9, 2024 /PRNewswire/ -- Nearly four out of five (78%) small and mid-sized business owners anticipate revenue growth in the next 12 months.

BofA Study: Nearly 80% of U.S. Business Owners Anticipate Revenue Growth in the Coming Year

LGI Homes

The Fed recently cut rates for the first time in over four years, but it's just the beginning.

2 Rate-Cut Stocks at the Top of My Watch List Before 2025

More than nine in 10 high-net-worth Americans engage in philanthropy NEW YORK , Oct. 9, 2024 /PRNewswire/ -- The vast majority (91%) of affluent Americans donate to charity, but giving motivations, priorities and strategies vary by generation and gender, according to new data from Bank of America Private Bank. Direct giving with a financial contribution is the most common form of philanthropic involvement.

Bank of America Private Bank Study of Affluent Americans Finds Generational and Gender Divides in Charitable Giving

American Express

Chevron

Coca-Cola

Despite Berkshire Hathaway holding stakes in 43 stocks and two index funds, $210 billion of invested assets can currently be traced to only five brand-name businesses.

67% of Warren Buffett's $315 Billion Portfolio Is Invested in These 5 Unstoppable Stocks

U.S. banks are expected to see lower earnings in their third-quarter financial reports due to the ongoing impact of higher deposit costs.

What to Expect from Q3 Bank Earnings Starting This Week

Bank of America has named Eamon Brabazon co-head of global mergers and acquisitions, alongside Ivan Farman, according to an internal email seen by Reuters.

Bank of America names Brabazon co-head of global M&A, memo says

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) Q3 Earnings Expected to Decline

Altria

Marathon Petroleum

Over each quarterly announcement coming from companies, investors tend to focus a lot on the net earnings per share (EPS) figure and not a lot on metrics that matter – arguably – just as much. Today, investors have an additional insight into a select few companies that show aggressive new share buyback programs approved by management teams in recent months.

These Stocks Are Using Buybacks to Unlock Big Gains for Investors

CHARLOTTE, N.C. , Oct. 8, 2024 /PRNewswire/ -- As previously announced, Bank of America will report its third quarter 2024 financial results on Tuesday, October 15.

Bank of America to Report Third Quarter 2024 Financial Results and Host Investor Conference Call on October 15

Berkshire Hathaway, led by Warren Buffett (Trades, Portfolio), has steadily sold shares of Bank of America (BAC, Financial) despite nearing regulatory limits on stake reductions. Over six trading days, from September 30 to October 7, Berkshire sold Bank of America shares worth approximately $675.9 million.

Berkshire Hathaway Continues to Reduce Stake in Bank of America (BAC)

Warren Buffett (Trades, Portfolio)'s conglomerate, Berkshire Hathaway (BRK.A), has further reduced its holdings in Bank of America (BAC, Financial), amidst an ongoing stock selling spree that has accumulated over $10 billion in cash. According to a regulatory filing, the latest round marked the 14th sale, with the company collecting significant earnings by selling shares of the second-largest bank in the U.S.

News for Bank of America Stock (BAC)