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BAC-PM

Bank of America Corporation

BAC-PM

Bank of America Corporation • NYSE
$22.44 ▼ -0.18% (-0.04)
Market Cap $163.87 B
52w High $23.84
52w Low $20.83
Dividend Yield 1.01%
P/E 6.39
Volume 33.12K
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 Q1-2024Q2-2024Q4-2024Q2-2025
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 ▲$4.32Bn ▲$0 ▼$0 ▲
Investment And Brokerage Services Brokerage Fees
Investment And Brokerage Services Brokerage Fees
 $920.00M ▲$950.00M ▲$0 ▼$0 ▲
Investment Banking Fees
Investment Banking Fees
 $1.57Bn ▲$1.56Bn ▼$0 ▼$0 ▲
Investment Banking Income Underwriting Income
Investment Banking Income Underwriting Income
 $900.00M ▲$870.00M ▼$0 ▼$0 ▲
Investment And Brokerage Services Asset Management Fees
Investment And Brokerage Services Asset Management Fees
 $3.27Bn ▲$3.37Bn ▲$0 ▼$0 ▲
Investment Banking Income Financial Advisory Services
Investment Banking Income Financial Advisory Services
 $370.00M ▲$370.00M ▲$0 ▼$0 ▲
Investment Banking Income Syndication Fees
Investment Banking Income Syndication Fees
 $290.00M ▲$320.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Bank of America shows a clear trend of growing revenue over the last several years, while keeping profits relatively steady and healthy. Earnings did dip slightly from the post‑pandemic peak but remain strong by historical standards, suggesting the bank has managed interest‑rate swings and credit costs reasonably well. Profitability metrics like operating income and net income have held up even as the business expanded, which points to solid cost control and pricing power. Overall, the income statement reflects a mature, diversified bank that generates consistent earnings through different parts of the economic cycle, though it is still sensitive to interest rates, loan losses, and capital markets activity.

Balance Sheet

Balance Sheet The balance sheet is very large, as expected for a major global bank, and has gradually expanded over time. Assets and equity have both grown, indicating a business that is scaling while still adding to its capital base. Debt levels have also risen, but in the context of a bigger franchise and remain supported by substantial equity. Cash and equivalents move around from year to year, which is normal for a bank actively managing liquidity and deposits, but overall liquidity looks ample. In simple terms, Bank of America appears well‑capitalized with a sizable cushion to absorb shocks, though its size and complexity mean it will always be tightly linked to regulation and systemic risk conditions.

Cash Flow

Cash Flow Reported operating cash flow has been quite volatile, including some years that show negative figures. For a manufacturing company that would be alarming, but for a large bank it mostly reflects shifts in loans, deposits, securities, and other balance sheet items rather than underlying weakness. Free cash flow matches operating cash flow because traditional capital spending is minimal; the bank’s “investment” spending is mostly in technology, people, and systems, which flows through the income statement rather than classic capital expenditures. The key takeaway is that cash movements can look lumpy on paper, but they are part of the normal mechanics of banking rather than a straightforward sign of strength or weakness.

Competitive Edge

Competitive Edge Bank of America holds a very strong competitive position as one of the largest U.S. banks, with a broad presence across consumer banking, small business, corporate banking, and wealth management. Its huge customer base, national branch footprint, and well‑known brand create meaningful advantages in gathering deposits and cross‑selling products. High switching costs and customer inertia make it hard for rivals to pry away established relationships, especially for complex corporate and wealth clients. Diversified revenue streams beyond traditional lending help soften the impact of interest‑rate cycles. On the risk side, its size makes it heavily regulated and closely tied to the health of the broader economy, so severe downturns or regulatory changes can have an outsized impact.

Innovation and R&D

Innovation and R&D Bank of America is leaning heavily into technology, with large ongoing spending on digital platforms, artificial intelligence, and data analytics. Tools like the Erica virtual assistant and the CashPro platform for businesses show how the bank is embedding AI into both customer‑facing and internal processes to improve service and cut costs. Its growing patent portfolio, especially in AI and security, suggests a deliberate effort to build proprietary capabilities rather than relying solely on off‑the‑shelf solutions. This focus on innovation strengthens client stickiness, supports its cost advantages, and helps defend against both traditional competitors and fintech challengers. The flip side is continued high investment requirements and the need to manage cybersecurity, data privacy, and execution risk as these technologies scale.

Summary

Overall, Bank of America comes across as a large, diversified, and relatively resilient banking franchise. Revenue has grown meaningfully over the past five years, with earnings that have stayed solid despite economic swings. The balance sheet is extensive and generally well supported by capital, while cash flow volatility is more a feature of the banking model than a red flag on its own. Its competitive moat is reinforced by size, brand, diversified business lines, and especially by its push into digital and AI‑driven services. Key uncertainties remain around the interest‑rate environment, credit quality in a weaker economy, regulatory pressure, and the ongoing costs and risks of rapid technological change. This analysis is descriptive and should not be taken as a recommendation to buy, sell, or hold any security, including BAC‑PM.