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BAC-PL

Bank of America Corporation

BAC-PL

Bank of America Corporation • NYSE
$1252.25 ▲ 0.01% (+0.13)
Market Cap $476.82 B
52w High $1350.00
52w Low $1150.00
Dividend Yield 72.50%
P/E 356.36
Volume 3.78K
Outstanding Shares 380.77M

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 Q1-2024Q3-2024Q4-2024Q2-2025
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
 $4.19Bn ▲$4.55Bn ▲$0 ▼$0 ▲
Investment And Brokerage Services Brokerage Fees
Investment And Brokerage Services Brokerage Fees
 $920.00M ▲$1.01Bn ▲$0 ▼$0 ▲
Investment Banking Fees
Investment Banking Fees
 $1.57Bn ▲$1.40Bn ▼$0 ▼$0 ▲
Investment Banking Income Underwriting Income
Investment Banking Income Underwriting Income
 $900.00M ▲$740.00M ▼$0 ▼$0 ▲
Investment And Brokerage Services Asset Management Fees
Investment And Brokerage Services Asset Management Fees
 $3.27Bn ▲$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
 $290.00M ▲$270.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past several years, Bank of America’s income statement shows a business that has become larger and more efficient, but still tied closely to the interest-rate and economic cycle. Revenue has climbed meaningfully as rates rose, while core profitability has stayed solid rather than explosive. Operating profit and net income have been relatively steady after a strong jump coming out of the pandemic, suggesting the bank has been good at managing costs and credit quality, even as conditions shifted. Earnings per share have moved within a fairly tight range, which points to a mature, diversified franchise rather than a high-growth story. The key watchpoints here are how earnings hold up if interest rates move lower and whether credit losses rise in a weaker economy.

Balance Sheet

Balance Sheet The balance sheet reflects a very large, diversified bank with substantial assets and a broad funding base. Total assets have grown gradually, while shareholder equity has only inched up, which is typical for a mature bank returning capital through buybacks and dividends. Debt levels have risen over time, indicating greater use of wholesale and market funding, but this sits alongside a sizeable base of customer deposits and a large securities portfolio. Cash and liquid assets move around from year to year, which is normal in banking as the mix of loans, securities, and deposits shifts. The main takeaway is a sizable, complex balance sheet that appears adequately capitalized, but still inherently sensitive to funding costs, regulation, and shifts in asset quality.

Cash Flow

Cash Flow Reported cash flow is choppy and sometimes negative, which is common for large banks and largely reflects movements in loans, deposits, and securities rather than underlying weakness. Years with negative operating cash flow often coincide with periods when the bank is deploying funds into loans or investments, while strong positive years reflect the opposite. Capital spending is minimal because banking is not a heavy bricks-and-mortar or factory-based business; most investment goes into people, technology, and systems, which flow through expenses rather than capital expenditure. Overall, the pattern suggests Bank of America can fund its operations and investments from its core business, but headline cash flow numbers need to be interpreted carefully in a banking context.

Competitive Edge

Competitive Edge Bank of America holds a powerful competitive position as one of the largest U.S. banks, with deep relationships across consumers, small businesses, large corporations, and wealth-management clients. Its scale allows it to spread technology and compliance costs over a very broad customer base, which smaller rivals struggle to match. The integration of traditional banking with Merrill Lynch’s wealth and investment platforms gives it a full “life-cycle” offering, from basic checking accounts to complex investment advice. Strong brand recognition, wide physical presence, and high switching costs for customers reinforce its entrenched position. At the same time, it faces ongoing pressure from other big banks, nimble fintechs, and non-bank lenders, so maintaining this edge depends on continuing to execute well on digital and customer experience.

Innovation and R&D

Innovation and R&D Bank of America stands out among large banks for its visible push into digital and AI-driven services. Its mobile and online platforms are heavily used, and tools like Erica (its AI virtual assistant) and Life Plan (its goal-based planning tool) show how the bank is trying to personalize and automate everyday banking and financial guidance at scale. A large and growing patent portfolio—especially in areas like information security, artificial intelligence, and machine learning—points to a sustained internal investment in technology rather than simply buying off-the-shelf solutions. The bank is also active in areas like digital cash-management tools for businesses and exploring newer technologies such as blockchain. In parallel, it is positioning itself as a leader in sustainable finance, tying innovation not just to convenience but also to environmental and social themes that regulators and many clients increasingly care about.

Summary

Putting it together, Bank of America looks like a mature, systemically important bank with rising revenue, stable profitability, and a very large, complex balance sheet backed by strong brand and scale advantages. Its income statement points to resilience more than rapid growth, while the balance sheet and cash flows reflect the typical complexities of a global bank that is closely linked to interest rates, credit conditions, and regulation. The company’s heavy investment in digital capabilities, AI, and integrated wealth management helps support its competitive moat and may drive efficiency and customer stickiness over time. Key uncertainties revolve around future interest-rate paths, credit losses in a downturn, regulatory changes, and continued competition from both large peers and fintechs. For holders of any Bank of America security, the story centers on the stability and adaptability of a large, diversified financial institution rather than short-term earnings swings.