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BAC

Bank of America Corporation

BAC

Bank of America Corporation • NYSE
$53.69 ▲ 1.31% (+0.69)
Market Cap $392.03 B
52w High $54.69
52w Low $33.07
Dividend Yield 1.06%
P/E 14.67
Volume 18.72M
Outstanding Shares 7.30B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $48.221B ▲ $17.337B ▲ $8.469B ▲ 17.563% ▲ $1.08 ▲ $10.04B ▲
Q2-2025 $46.666B ▼ $17.183B ▼ $7.116B ▼ 15.249% ▼ $0.9 ▼ $8.269B ▼
Q1-2025 $46.989B ▲ $17.77B ▲ $7.396B ▲ 15.74% ▲ $0.91 ▲ $8.681B ▲
Q4-2024 $46.965B ▼ $16.787B ▲ $6.665B ▼ 14.191% ▲ $0.83 ▲ $7.667B ▼
Q3-2024 $48.869B $16.479B $6.896B 14.111% $0.82 $7.873B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $957.7B ▲ $3.403T ▼ $3.099T ▼ $304.152B ▲
Q2-2025 $653.421B ▼ $3.441T ▲ $3.142T ▲ $299.599B ▲
Q1-2025 $657.11B ▲ $3.349T ▲ $3.054T ▲ $295.581B ▲
Q4-2024 $642.918B ▲ $3.262T ▼ $2.966T ▼ $295.559B ▼
Q3-2024 $619.459B $3.324T $3.028T $296.512B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $8.469B ▲ $46.874B ▲ $1.943B ▲ $59.901B ▲ $-19.504B ▼ $46.874B ▲
Q2-2025 $7.116B ▼ $-9.132B ▼ $-56.918B ▲ $55.059B ▼ $-7.568B ▲ $-9.132B ▼
Q1-2025 $7.396B ▲ $-2.184B ▼ $-89.01B ▼ $72.832B ▲ $-16.535B ▼ $-2.184B ▼
Q4-2024 $6.665B ▼ $25.914B ▲ $9.41B ▲ $-36.768B ▼ $-5.475B ▲ $25.914B ▲
Q3-2024 $6.896B $-37.276B $-27.258B $36.779B $-25.043B $-37.276B

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Consumer Banking Segment
Consumer Banking Segment
 $0 ▲$0 ▲$0 ▲$10.81Bn ▲
Global Banking Segment
Global Banking Segment
 $0 ▲$0 ▲$0 ▲$5.69Bn ▲
Global Markets Segment
Global Markets Segment
 $0 ▲$0 ▲$0 ▲$5.98Bn ▲
Global Wealth and Investment Management Segment
Global Wealth and Investment Management Segment
 $0 ▲$0 ▲$0 ▲$5.94Bn ▲
Card income
Card income
 $1.62Bn ▲$1.62Bn ▲$1.52Bn ▼$0 ▼
Debt securities
Debt securities
 $6.83Bn ▲$6.71Bn ▼$6.77Bn ▲$0 ▼
Federal funds sold and securities borrowed or purchased under agreements to resell
Federal funds sold and securities borrowed or purchased under agreements to resell
 $5.20Bn ▲$4.38Bn ▼$3.77Bn ▼$0 ▼
Investment And Brokerage Services
Investment And Brokerage Services
 $4.55Bn ▲$4.71Bn ▲$4.81Bn ▲$0 ▼
Investment Banking Fees
Investment Banking Fees
 $1.40Bn ▲$1.65Bn ▲$1.52Bn ▼$0 ▼
Loans and Leases
Loans and Leases
 $15.72Bn ▲$15.69Bn ▼$15.22Bn ▼$0 ▼
Market making and similar activities
Market making and similar activities
 $3.28Bn ▲$2.50Bn ▼$3.58Bn ▲$0 ▼
other income
other income
 $-1020.00M ▲$-1060.00M ▼$-80.00M ▲$0 ▲
other interest income
other interest income
 $7.01Bn ▲$6.51Bn ▼$5.29Bn ▼$0 ▼
Service Charges
Service Charges
 $1.55Bn ▲$1.55Bn ▲$1.56Bn ▲$0 ▼
Trading account assets
Trading account assets
 $2.73Bn ▲$2.68Bn ▼$3.01Bn ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Bank of America’s revenue has grown meaningfully over the last few years, helped in part by higher interest rates and a broad mix of banking activities. Profit levels have been solid and fairly steady after rebounding from the pandemic dip, though earnings have not pushed far beyond their post‑recovery peak. Margins remain healthy for a large bank, suggesting good cost control and pricing power, but not without some pressure from higher expenses and credit provisioning. Overall, the income statement shows a mature franchise with resilient earnings rather than rapid, high‑growth performance.

Balance Sheet

Balance Sheet The balance sheet is very large and has expanded steadily, reflecting Bank of America’s role as a systemically important bank. Cash and liquid assets fluctuate from year to year, which is typical for a big bank managing deposits, loans, and securities through different rate environments. Debt levels have risen over time, while shareholders’ equity has grown more slowly, indicating a somewhat higher reliance on borrowing but still anchored by a sizeable capital base. The picture is of a highly scaled institution with broad diversification, where the key questions are around interest‑rate risk, credit quality, and regulatory capital rather than simple leverage metrics.

Cash Flow

Cash Flow Reported cash flows are quite volatile, with some years showing sizable inflows and others showing outflows, even while profits remain strong. This is common in banking, where changes in deposits, loans, and securities can swing cash figures more than underlying earnings do. Capital spending is modest, as most investment is in people and technology rather than physical assets, so traditional free‑cash‑flow measures are less informative here. The main takeaway is that accounting cash flow is noisy, and understanding the bank’s funding mix, liquidity, and asset quality matters more than year‑to‑year cash flow swings.

Competitive Edge

Competitive Edge Bank of America holds a leading position among U.S. banks, supported by a powerful brand, a massive customer base, and a very broad product set spanning consumer banking, wealth management, and corporate and investment services. Its scale provides cost advantages and a large, relatively low‑cost deposit base, which is critical in a rising or volatile rate environment. Digital capabilities such as the Erica assistant, Life Plan, and the CashPro platform deepen customer engagement and make it harder for smaller peers to match the experience. At the same time, the bank faces intense competition from other megabanks, fintechs, and large technology companies, along with ongoing regulatory scrutiny and economic cycle risks.

Innovation and R&D

Innovation and R&D Bank of America is clearly leaning into technology, treating itself as a tech‑driven bank rather than a traditional financial utility. It invests heavily in artificial intelligence, data analytics, and cybersecurity, and has built distinctive tools like Erica for consumers and CashPro for businesses, which can improve service, reduce costs, and encourage customers to stay within its ecosystem. A large and growing patent portfolio, including work in AI, blockchain, and even quantum computing, suggests a deliberate effort to build and protect proprietary capabilities. The opportunity is a more efficient, personalized, and sticky franchise; the key risks are continued high spending, fast‑moving technology shifts, and the need to manage data privacy and regulation carefully.

Summary

Overall, Bank of America looks like a mature, system‑critical bank combining solid, steady profitability with a very large and diversified balance sheet. It appears to be using its scale and financial strength to push hard into digital platforms and AI, aiming to lock in customers and widen its competitive moat. The main strengths are its brand, breadth of services, low‑cost funding base, and visible commitment to innovation. The main areas to watch are interest‑rate and credit‑cycle exposure, regulatory and capital requirements, competition from both large peers and digital challengers, and whether the heavy technology investment continues to translate into better economics and stronger customer loyalty over time.

NEWS

November 24, 2025 · 2:00 PM UTC

BofA Awards $500,000 in Grants to Tampa Museum of Art and Tampa Theatre

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November 21, 2025 · 12:00 PM UTC

BofA to help L.A. Wildfire Clients Rebuild with Financing, Rate Preservation, Extended Forbearance

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November 20, 2025 · 12:00 PM UTC

The Global Power of Sport: Bank of America Partners with Great Ethiopian Run to Expand Access to Endurance Sports

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November 19, 2025 · 9:00 AM UTC

Bank of America Partners with Sir David Beckham as it Expands its Global Sports Partnerships

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November 18, 2025 · 7:00 AM UTC

BofA Report: 74% of Small and Mid-Sized Business Owners Expect Revenue to Increase in the Next Year

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