Bank of America Corporation

WBAG:BOAC Stock Report

Market Cap: €322.1b

Bank of America Past Earnings Performance

Past criteria checks 2/6

Bank of America has been growing earnings at an average annual rate of 2.4%, while the Banks industry saw earnings growing at 21.2% annually. Revenues have been growing at an average rate of 4.2% per year. Bank of America's return on equity is 8%, and it has net margins of 23.2%.

Key information

2.4%

Earnings growth rate

5.8%

EPS growth rate

Banks Industry Growth4.6%
Revenue growth rate4.2%
Return on equity8.0%
Net Margin23.2%
Next Earnings Update16 Jan 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Bank of America makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

WBAG:BOAC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2494,62621,94258,0690
30 Jun 2494,75622,83257,3740
31 Mar 2494,95923,35256,6870
31 Dec 2395,78724,86656,2870
30 Sep 2396,77228,93256,0520
30 Jun 2396,44328,24155,2240
31 Mar 2394,53627,07154,5440
31 Dec 2292,40726,01553,7640
30 Sep 2291,51625,88453,2750
30 Jun 2291,30226,56552,7100
31 Mar 2292,22429,59752,6250
31 Dec 2193,70730,55752,7610
30 Sep 2191,20428,99251,9310
30 Jun 2186,76126,17251,3450
31 Mar 2180,88320,49250,1830
31 Dec 2074,20816,47348,4830
30 Sep 2075,57018,01347,8730
30 Jun 2076,57918,84547,2150
31 Mar 2081,59722,67046,9870
31 Dec 1985,58225,99846,7420
30 Sep 1985,94626,28946,4340
30 Jun 1987,99827,71846,2860
31 Mar 1988,22227,07546,0300
31 Dec 1887,73826,69646,1880
30 Sep 1886,13021,73645,6740
30 Jun 1885,12719,99445,5010
31 Mar 1884,77918,27345,3960
31 Dec 1783,73016,61846,3590
30 Sep 1783,73718,79044,9870
30 Jun 1783,51718,28344,8490
31 Mar 1781,72417,96044,5050
31 Dec 1680,10416,14045,2870
30 Sep 1679,66014,84345,4590
30 Jun 1679,06114,56945,9020
31 Mar 1679,44814,65346,1740
31 Dec 1579,80414,42746,8960
30 Sep 1581,18514,82447,1630
30 Jun 1581,57210,17647,4930
31 Mar 1580,5647,01848,3000
31 Dec 1483,6194,47648,8760
30 Sep 1484,6184,23449,5390
30 Jun 1485,2796,92150,1270
31 Mar 1485,4598,45650,5400
31 Dec 1383,9469,18850,8210

Quality Earnings: BOAC has high quality earnings.

Growing Profit Margin: BOAC's current net profit margins (23.2%) are lower than last year (29.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BOAC's earnings have grown by 2.4% per year over the past 5 years.

Accelerating Growth: BOAC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BOAC had negative earnings growth (-24.2%) over the past year, making it difficult to compare to the Banks industry average (13.9%).

Return on Equity

High ROE: BOAC's Return on Equity (8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 11:10
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bank of America Corporation is covered by 62 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
David GeorgeBaird
Jason GoldbergBarclays