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 7% 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 Growth | 11.2% |
| Revenue growth rate | 4.2% |
| Return on equity | 8.0% |
| Net Margin | 23.2% |
| Next Earnings Update | 16 Jan 2025 |
Recent past performance updates
Recent updates
Bank of America: Bull Rally Strength Continues (Technical Analysis)(Rating Upgrade)
Nov 10Bank of America: We May Have Already Seen The Top
Oct 27Bank of America Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Oct 17
Bank of America Q3 Earnings: Net Interest Income Finally Rose
Oct 16Buffett Selling Bank Of America Is A Warning
Oct 10Trimming Bank of America Is Good For Buffett, Not Us
Sep 23Bank of America: Triple Whammy Ahead
Sep 14Ten Reasons That Likely Motivated Buffett To Sell Bank Of America Stock
Sep 03Bank of America: Potential Net Interest Income Trough Strengthens Outlook
Aug 23Bank of America's (NYSE:BAC) Upcoming Dividend Will Be Larger Than Last Year's
Aug 12Bank of America's (NYSE:BAC) Dividend Will Be Increased To $0.26
Jul 28Bank of America Corporation (NYSE:BAC) Just Released Its Second-Quarter Earnings: Here's What Analysts Think
Jul 18Bank of America: Impending Fed Pivot Creates Risk
Jul 17Bank of America: Let Your Winners Run
Jul 09Bank Of America: Swap A 5.6% Yield For A 6.1% Yield
Jun 15Revenue & Expenses Breakdown
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 |
|---|---|---|---|---|
| 30 Sep 24 | 94,626 | 21,942 | 58,069 | 0 |
| 30 Jun 24 | 94,756 | 22,832 | 57,374 | 0 |
| 31 Mar 24 | 94,959 | 23,352 | 56,687 | 0 |
| 31 Dec 23 | 95,787 | 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 |
Quality Earnings: BAC has high quality earnings.
Growing Profit Margin: BAC'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: BAC's earnings have grown by 2.4% 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 (-24.2%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).
Return on Equity
High ROE: BAC's Return on Equity (8%) is considered low.