Bank of America Corporation

NYSE:BAC Stock Report

Market Cap: US$298.3b

Bank of America Past Earnings Performance

Past criteria checks 2/6

Bank of America has been growing earnings at an average annual rate of 2.6%, while the Banks industry saw earnings growing at 10.4% annually. Revenues have been growing at an average rate of 3.1% per year. Bank of America's return on equity is 9.1%, and it has net margins of 26.4%.

Key information

2.6%

Earnings growth rate

7.4%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate3.1%
Return on equity9.1%
Net Margin26.4%
Next Earnings Update16 Apr 2024

Recent past performance updates

Recent updates

Bank of America: A Bad Call On My Part (Rating Upgrade)

Mar 27

Bank Of America: Investing In Predictability

Mar 20

First Look At 2 Bank of America Preferred Stocks

Mar 02

Bank of America's Q4 Earnings Signal Need For Fed Rate Cut (Rating Downgrade)

Jan 17

Here's What Analysts Are Forecasting For Bank of America Corporation (NYSE:BAC) Following Its Earnings Miss

Jan 16
Here's What Analysts Are Forecasting For Bank of America Corporation (NYSE:BAC) Following Its Earnings Miss

Bank of America: Tough Q4 Ahead

Jan 09

Bank of America: Lower Interest Rates Will Restore Confidence

Dec 23

Bank Of America: The Soaring Value Of Low-Cost Deposit Base

Dec 15

Bank of America: Using 6.4%-Yielding Preferred Shares To Speculate On A Rate Cut

Dec 02

Bank of America (NYSE:BAC) Is Increasing Its Dividend To $0.24

Nov 22
Bank of America (NYSE:BAC) Is Increasing Its Dividend To $0.24

Bank of America Is Developing A Big Problem: Commercial Lending

Nov 10

Bank of America (NYSE:BAC) Has Announced That It Will Be Increasing Its Dividend To $0.24

Nov 05
Bank of America (NYSE:BAC) Has Announced That It Will Be Increasing Its Dividend To $0.24

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

Nov 02

Bank of America: Deep Dive And Why I Am Bullish On The Stock

Oct 25

Bank of America's (NYSE:BAC) Dividend Will Be Increased To $0.24

Oct 22
Bank of America's (NYSE:BAC) Dividend Will Be Increased To $0.24

Avoid Bank of America As Securities Losses Balloon To $131.6 Billion

Oct 19

Bank of America: Why It's Finally A Buy (Rating Upgrade)

Oct 13

Bank of America: Now Things Are Getting Interesting

Oct 06

Bank of America: Why A Low Valuation And High Yield Aren't Good Enough Yet

Sep 15

Bank of America (NYSE:BAC) Is Paying Out A Larger Dividend Than Last Year

Aug 25
Bank of America (NYSE:BAC) Is Paying Out A Larger Dividend Than Last Year

Bank of America: Buy Before It Goes Ex-Dividend

Aug 20

Bank of America: Grab A 6-6.2% Yield With The Preferred Shares

Aug 12

Bank of America (NYSE:BAC) Is Paying Out A Larger Dividend Than Last Year

Aug 10
Bank of America (NYSE:BAC) Is Paying Out A Larger Dividend Than Last Year

Revenue & Expenses Breakdown
Beta

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


Earnings and Revenue History

NYSE:BAC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2394,18724,86656,2870
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
30 Sep 1379,0907,26451,4040
30 Jun 1376,5105,01451,6250
31 Mar 1375,1893,54152,0040

Quality Earnings: BAC has high quality earnings.

Growing Profit Margin: BAC's current net profit margins (26.4%) are lower than last year (28.2%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: BAC's earnings have grown by 2.6% per year over the past 5 years.

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

Earnings vs Industry: BAC had negative earnings growth (-4.4%) over the past year, making it difficult to compare to the Banks industry average (-9%).


Return on Equity

High ROE: BAC's Return on Equity (9.1%) is considered low.


Return on Assets


Return on Capital Employed


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