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BAC-PB

Bank of America Corporation

BAC-PB

Bank of America Corporation • NYSE
$25.18 ▼ -0.16% (-0.04)
Market Cap $351.72 B
52w High $25.78
52w Low $24.04
Dividend Yield 1.50%
P/E 7.17
Volume 26.65K
Outstanding Shares 13.97B

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 Q2-2024Q3-2024Q4-2024Q2-2025
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 ▲
Investment and Brokerage Services
Investment and Brokerage Services
 $4.32Bn ▲$4.55Bn ▲$0 ▼$0 ▲
Investment And Brokerage Services Brokerage Fees
Investment And Brokerage Services Brokerage Fees
 $950.00M ▲$1.01Bn ▲$0 ▼$0 ▲
Investment Banking Fees
Investment Banking Fees
 $1.56Bn ▲$1.40Bn ▼$0 ▼$0 ▲
Investment Banking Income Underwriting Income
Investment Banking Income Underwriting Income
 $870.00M ▲$740.00M ▼$0 ▼$0 ▲
Investment And Brokerage Services Asset Management Fees
Investment And Brokerage Services Asset Management Fees
 $3.37Bn ▲$3.53Bn ▲$0 ▼$0 ▲
Investment Banking Income Financial Advisory Services
Investment Banking Income Financial Advisory Services
 $370.00M ▲$390.00M ▲$0 ▼$0 ▲
Investment Banking Income Syndication Fees
Investment Banking Income Syndication Fees
 $320.00M ▲$270.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past several years, Bank of America has grown its overall revenue meaningfully while keeping profits relatively steady at a high level. Profitability dipped somewhat from the peak a few years ago but has remained strong and consistent, suggesting the core businesses are still very healthy. Earnings per share have been fairly stable as well, which points to disciplined cost control and a business model that can handle changing interest rate and credit conditions without major swings in bottom‑line results.

Balance Sheet

Balance Sheet The balance sheet is very large and has continued to expand, reflecting Bank of America’s role as a systemically important global bank. Cash levels move around from year to year but remain substantial, which is important for liquidity and regulatory demands. Debt has risen over time, outpacing growth in shareholders’ equity, which means the bank is leaning more on borrowing relative to its own capital. Even so, equity has edged up and remains sizable, indicating a solid capital base, though with somewhat higher leverage than a few years ago.

Cash Flow

Cash Flow Reported cash flows are quite volatile, with some years showing strong positive operating cash flow and others appearing negative. For banks, this kind of movement is often driven by shifts in loans, deposits, and securities rather than by underlying profitability, so it doesn’t read the same way as it would for an industrial company. The fact that capital spending is minimal in this format means reported free cash flow essentially mirrors operating cash flow, reinforcing that cash movements are mainly about balance sheet management, funding, and interest rate dynamics rather than big investment projects.

Competitive Edge

Competitive Edge Bank of America holds a powerful position as one of the largest diversified banks in the United States, with a well‑known brand, a vast branch and ATM network, and a very strong digital platform. Its activities span consumer banking, wealth management, and corporate and investment banking, giving it multiple sources of revenue and many opportunities to serve the same customer in different ways. This scale and breadth create cost advantages and customer “stickiness,” but also tie the bank closely to the health of the broader economy, the credit cycle, and a demanding regulatory environment.

Innovation and R&D

Innovation and R&D The company is leaning heavily into technology to reinforce its moat. Its AI assistant Erica, the CashPro platform for businesses, and the Merrill and Merrill Edge wealth offerings all show a push to make banking more digital, personalized, and efficient. A large and growing patent portfolio supports this strategy, particularly in artificial intelligence, data analytics, and payment technologies. Bank of America is also exploring areas like real‑time payments, embedded finance, and digital assets. The opportunity is meaningful—better customer engagement and lower costs—but it comes with execution risk and the need to navigate evolving regulation and cybersecurity threats.

Summary

Bank of America today combines solid, steady profitability with a very large and complex balance sheet and highly volatile reported cash flows, which is typical for a global bank of its size. Earnings have held up well through different environments, and capital remains strong even as the bank has taken on more debt. Its competitive edge rests on scale, brand, diversification, and a fast‑improving digital offering, all of which are being reinforced by significant investment in technology and AI. Key watchpoints include credit quality, interest rate sensitivity, regulatory changes, and the bank’s ability to keep executing on its innovation agenda without sacrificing risk control or balance sheet strength.