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BAC-PK

Bank of America Corporation

BAC-PK

Bank of America Corporation • NYSE
$24.87 ▼ -0.16% (-0.04)
Market Cap $352.03 B
52w High $25.38
52w Low $23.36
Dividend Yield 1.47%
P/E 7.08
Volume 17.07K
Outstanding Shares 14.15B

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 Bank of America has grown its revenue meaningfully over the past five years, with earnings staying consistently strong even as interest rate and economic conditions shifted. Profit levels dipped during the pandemic but recovered quickly and have remained solid since. The bank appears to manage its costs well, maintaining healthy core profitability. Overall, the income statement shows a large, diversified bank that has handled recent cycles without major damage to its bottom line.

Balance Sheet

Balance Sheet The balance sheet is very large and has continued to expand, which is typical for a major diversified bank. Capital levels have inched up over time, suggesting a thicker equity cushion to absorb shocks. Debt and other funding have also grown, but in a way that looks consistent with a bigger balance sheet rather than aggressive over‑leveraging. Cash and liquid resources are substantial, even though they fluctuate as the bank adjusts to market and regulatory conditions. In short, the balance sheet looks robust and built for scale, though it always remains exposed to credit quality and interest‑rate risk inherent in banking.

Cash Flow

Cash Flow Reported cash flows swing sharply from year to year, including some periods of negative operating cash flow. For a bank, this is not unusual because movements in loans and deposits can make the cash flow statement look volatile even when the underlying business is stable and profitable. There is essentially no traditional capital spending in the way an industrial company has it; investment shows up instead through lending and securities. The key point is that earnings are positive and recurring, but the cash flow figures themselves should be read carefully given the nature of banking.

Competitive Edge

Competitive Edge Bank of America holds a top‑tier position among U.S. and global banks, supported by enormous scale, a very large and low‑cost deposit base, and a widely recognized brand. Its operations span consumer banking, wealth management, corporate banking, and markets activities, which spreads risk across many lines of business. Customers face meaningful hassle in switching banks, and Bank of America uses loyalty programs and integrated banking‑and‑investing services to deepen relationships. Together, these factors create a wide and durable competitive moat, though the bank still faces intense competition from other big banks and from nimble fintechs.

Innovation and R&D

Innovation and R&D The bank invests heavily in technology and innovation, with a large yearly tech budget and thousands of patents, many tied to artificial intelligence. Its digital assistant, Erica, and related AI tools for employees and advisors show a clear push to automate routine work and personalize service at scale. The bank is expanding into generative AI, exploring blockchain for faster settlements, and partnering with fintech firms to enhance its platforms, especially for business clients. It is also reshaping its branches into advisory centers while keeping digital as the primary channel. Overall, Bank of America is acting more like a technology‑enabled financial platform than a traditional bank.

Summary

Bank of America appears to combine strong, steady profitability with a sizeable and well‑capitalized balance sheet, even as reported cash flows remain choppy in the way bank statements often are. Its competitive edge rests on sheer scale, a powerful brand, a sticky deposit base, and broad diversification across customer types and products. On top of that, it is leaning hard into technology and AI to protect and extend its moat. For a preferred shareholder, the key themes are stability of earnings, resilience across economic cycles, and ongoing investment in innovation—balanced against the usual banking risks of credit losses, rate swings, regulatory changes, and potential technology or cybersecurity issues that come with being a digital leader.