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BAC-PN

Bank of America Corporation

BAC-PN

Bank of America Corporation • NYSE
$20.87 ▼ -0.10% (-0.02)
Market Cap $152.40 B
52w High $22.10
52w Low $19.37
Dividend Yield 0.94%
P/E 5.94
Volume 41.21K
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 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 few years, with earnings staying consistently strong even as interest rates and the economy have shifted. Profitability dipped during the pandemic but recovered quickly and has since remained at a healthy level, showing the bank can navigate different environments. Margins have held up reasonably well, suggesting good cost control despite ongoing technology and regulatory spending. For a preferred security like BAC‑PN, this pattern of steady profits from a large, diversified bank is an important backdrop, though future earnings will still depend on credit quality, interest-rate trends, and the broader economy.

Balance Sheet

Balance Sheet The balance sheet is very large and has continued to expand, reflecting Bank of America’s role as a major global institution. Cash levels move around but remain substantial, while overall borrowings have risen over time, which is typical for a big bank that funds loans and securities through various forms of debt. Shareholder equity has inched higher, indicating the capital base is being maintained or modestly strengthened rather than drawn down. The bank still operates with the high leverage that is normal in banking, so asset quality, regulation, and capital rules remain key factors to watch for anyone relying on its financial strength, including preferred holders.

Cash Flow

Cash Flow Reported operating cash flow has swung between strong inflows and noticeable outflows over the past five years. For banks, this kind of volatility is common and mostly reflects movements in loans, deposits, and trading assets, rather than underlying profitability. There is essentially no traditional capital spending reported, since most technology and branch investments run through operating expenses instead of being booked as long‑lived assets. The main takeaway is that headline cash flow figures for a bank can look noisy from year to year and are less straightforward to interpret than for an industrial company, so they should be viewed together with earnings quality and capital strength.

Competitive Edge

Competitive Edge Bank of America holds a powerful position as one of the largest diversified banks in the United States, with a broad mix of retail, wealth management, and corporate and investment banking. Its nationwide branch and ATM network, combined with a very large digital user base, makes it hard for smaller banks and many fintechs to match its reach and convenience. Size helps it spread technology and regulatory costs across a wide customer base, supporting its cost efficiency. At the same time, it faces intense competition from other megabanks, digital‑only players, and capital markets firms, and it remains heavily exposed to regulatory changes and economic cycles that can pressure returns.

Innovation and R&D

Innovation and R&D The bank is clearly leaning into technology as a core part of its strategy, directing sizable ongoing investment into digital platforms, artificial intelligence, and cybersecurity. The Erica virtual assistant and the CashPro platform are good examples of how it is using AI and data analytics to deepen customer engagement, improve efficiency, and differentiate its offerings. A growing patent portfolio in areas like AI and information security suggests this is not just surface‑level innovation but a structured, long‑term effort. On top of that, its large sustainable‑finance program positions it to serve the rising demand for ESG‑linked products, though success will depend on execution and on how regulation and client preferences evolve.

Summary

Overall, Bank of America appears to combine solid, diversified earnings with a very large balance sheet and an aggressive push into digital and sustainable finance. Profitability has been steady across a challenging few years, and capital levels have inched higher, which matters for the resilience behind instruments like BAC‑PN. The bank’s scale, brand, and integrated technology create meaningful advantages, but they come with exposure to regulatory scrutiny, economic downturns, interest‑rate swings, and ongoing tech and compliance costs. For someone evaluating BAC‑PN, the story is less about rapid growth and more about the durability of this large, diversified franchise and its ability to keep adapting its technology and risk management over time.