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 Growth | 11.2% |
Revenue growth rate | 3.1% |
Return on equity | 9.1% |
Net Margin | 26.4% |
Next Earnings Update | 16 Apr 2024 |
Recent past performance updates
Recent updates
Bank of America: A Bad Call On My Part (Rating Upgrade)
Mar 27Bank Of America: Investing In Predictability
Mar 20First Look At 2 Bank of America Preferred Stocks
Mar 02Bank of America's Q4 Earnings Signal Need For Fed Rate Cut (Rating Downgrade)
Jan 17Here's What Analysts Are Forecasting For Bank of America Corporation (NYSE:BAC) Following Its Earnings Miss
Jan 16Bank of America: Tough Q4 Ahead
Jan 09Bank of America: Lower Interest Rates Will Restore Confidence
Dec 23Bank Of America: The Soaring Value Of Low-Cost Deposit Base
Dec 15Bank of America: Using 6.4%-Yielding Preferred Shares To Speculate On A Rate Cut
Dec 02Bank of America (NYSE:BAC) Is Increasing Its Dividend To $0.24
Nov 22Bank of America Is Developing A Big Problem: Commercial Lending
Nov 10Bank of America (NYSE:BAC) Has Announced That It Will Be Increasing Its Dividend To $0.24
Nov 05Why I Chose Bank of America Over Competitors For The Dividend Income Accelerator Portfolio
Nov 02Bank of America: Deep Dive And Why I Am Bullish On The Stock
Oct 25Bank of America's (NYSE:BAC) Dividend Will Be Increased To $0.24
Oct 22Avoid Bank of America As Securities Losses Balloon To $131.6 Billion
Oct 19Bank of America: Why It's Finally A Buy (Rating Upgrade)
Oct 13Bank of America: Now Things Are Getting Interesting
Oct 06Bank of America: Why A Low Valuation And High Yield Aren't Good Enough Yet
Sep 15Bank of America (NYSE:BAC) Is Paying Out A Larger Dividend Than Last Year
Aug 25Bank of America: Buy Before It Goes Ex-Dividend
Aug 20Bank of America: Grab A 6-6.2% Yield With The Preferred Shares
Aug 12Bank of America (NYSE:BAC) Is Paying Out A Larger Dividend Than Last Year
Aug 10Revenue & Expenses BreakdownBeta
How Bank of America makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Dec 23 | 94,187 | 24,866 | 56,287 | 0 |
30 Sep 23 | 96,772 | 28,932 | 56,052 | 0 |
30 Jun 23 | 96,443 | 28,241 | 55,224 | 0 |
31 Mar 23 | 94,536 | 27,071 | 54,544 | 0 |
31 Dec 22 | 92,407 | 26,015 | 53,764 | 0 |
30 Sep 22 | 91,516 | 25,884 | 53,275 | 0 |
30 Jun 22 | 91,302 | 26,565 | 52,710 | 0 |
31 Mar 22 | 92,224 | 29,597 | 52,625 | 0 |
31 Dec 21 | 93,707 | 30,557 | 52,761 | 0 |
30 Sep 21 | 91,204 | 28,992 | 51,931 | 0 |
30 Jun 21 | 86,761 | 26,172 | 51,345 | 0 |
31 Mar 21 | 80,883 | 20,492 | 50,183 | 0 |
31 Dec 20 | 74,208 | 16,473 | 48,483 | 0 |
30 Sep 20 | 75,570 | 18,013 | 47,873 | 0 |
30 Jun 20 | 76,579 | 18,845 | 47,215 | 0 |
31 Mar 20 | 81,597 | 22,670 | 46,987 | 0 |
31 Dec 19 | 85,582 | 25,998 | 46,742 | 0 |
30 Sep 19 | 85,946 | 26,289 | 46,434 | 0 |
30 Jun 19 | 87,998 | 27,718 | 46,286 | 0 |
31 Mar 19 | 88,222 | 27,075 | 46,030 | 0 |
31 Dec 18 | 87,738 | 26,696 | 46,188 | 0 |
30 Sep 18 | 86,130 | 21,736 | 45,674 | 0 |
30 Jun 18 | 85,127 | 19,994 | 45,501 | 0 |
31 Mar 18 | 84,779 | 18,273 | 45,396 | 0 |
31 Dec 17 | 83,730 | 16,618 | 46,359 | 0 |
30 Sep 17 | 83,737 | 18,790 | 44,987 | 0 |
30 Jun 17 | 83,517 | 18,283 | 44,849 | 0 |
31 Mar 17 | 81,724 | 17,960 | 44,505 | 0 |
31 Dec 16 | 80,104 | 16,140 | 45,287 | 0 |
30 Sep 16 | 79,660 | 14,843 | 45,459 | 0 |
30 Jun 16 | 79,061 | 14,569 | 45,902 | 0 |
31 Mar 16 | 79,448 | 14,653 | 46,174 | 0 |
31 Dec 15 | 79,804 | 14,427 | 46,896 | 0 |
30 Sep 15 | 81,185 | 14,824 | 47,163 | 0 |
30 Jun 15 | 81,572 | 10,176 | 47,493 | 0 |
31 Mar 15 | 80,564 | 7,018 | 48,300 | 0 |
31 Dec 14 | 83,619 | 4,476 | 48,876 | 0 |
30 Sep 14 | 84,618 | 4,234 | 49,539 | 0 |
30 Jun 14 | 85,279 | 6,921 | 50,127 | 0 |
31 Mar 14 | 85,459 | 8,456 | 50,540 | 0 |
31 Dec 13 | 83,946 | 9,188 | 50,821 | 0 |
30 Sep 13 | 79,090 | 7,264 | 51,404 | 0 |
30 Jun 13 | 76,510 | 5,014 | 51,625 | 0 |
31 Mar 13 | 75,189 | 3,541 | 52,004 | 0 |
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.