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BAC-PO

Bank of America Corporation

BAC-PO

Bank of America Corporation • NYSE
$17.97 ▼ -0.61% (-0.11)
Market Cap $131.23 B
52w High $19.94
52w Low $17.14
Dividend Yield 1.09%
P/E 5.11
Volume 75.52K
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 Q1-2024Q3-2024Q4-2024Q2-2025
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 Revenue has grown strongly over the past several years, with the bank earning much more from lending, fees, and other services than it did earlier in the decade. Profitability has been consistently solid, even as economic conditions and interest rates shifted. Operating and net income dipped only modestly when conditions were tougher and have remained resilient overall. Margins look healthy for a large diversified bank, suggesting good cost control and pricing power, though earnings are still sensitive to credit cycles, interest rates, and the broader economy.

Balance Sheet

Balance Sheet The balance sheet is very large and has expanded steadily, reflecting a broad lending franchise and a wide base of customer deposits. Equity has grown over time, indicating that the bank has been able to retain earnings and build capital. Debt levels have also climbed, which is typical for a major bank that funds itself through various borrowings, but it does mean leverage is structurally high by design. Cash and liquid resources remain significant, though they move around from year to year as the bank manages deposits, loans, and securities. Overall, it looks like a mature, well-capitalized balance sheet, but inherently exposed to credit quality, liquidity conditions, and regulatory demands.

Cash Flow

Cash Flow Cash flows are choppy from year to year, swinging between positive and negative, which is common for large banks because movements in loans, deposits, and trading assets can dominate reported cash flow. Periods of negative operating cash flow do not necessarily signal distress here; they can reflect growth in lending or changes in funding. The absence of large reported capital spending lines is also typical, since most investment is in people, technology, and financial assets rather than physical plants. Still, the volatility in cash flow underlines that this is a balance-sheet-driven business where liquidity and funding management are critical ongoing risks.

Competitive Edge

Competitive Edge Bank of America holds a top-tier position in U.S. and global banking, supported by its massive scale, well-known brand, and broad product range. It serves consumers, small businesses, large corporations, and wealth management clients, which helps spread risk and deepen relationships. Customers often find it inconvenient to switch primary banks, which supports stability in its deposit base. Technologically, the bank has moved ahead of many traditional peers, using advanced digital platforms and AI to improve service and efficiency, which strengthens its moat. However, it still faces intense competition from other large banks, capital markets firms, and fast-moving fintechs, as well as ongoing regulatory and political scrutiny.

Innovation and R&D

Innovation and R&D The bank is highly active in innovation, especially in artificial intelligence, digital banking, and data analytics. Its virtual assistant, Erica, and internal AI tools show a clear push to automate routine work, personalize customer service, and reduce costs. The CashPro platform and integrated mobile experiences for both consumers and businesses position the bank as a digital leader, not just a traditional lender. A large and rising patent base, plus a sizable technology budget, suggests that innovation is not a side project but a core strategy. The bank is also experimenting with more futuristic areas and leaning into sustainability-related finance, which could open new long-term opportunities but also involves execution and technology risks.

Summary

Bank of America appears to be a financially solid, diversified banking group with growing revenues, steady profitability, and a large, well-established balance sheet. Its earnings and cash flows show the usual sensitivity to interest rates and credit conditions that all big banks face, but there are no obvious signs of structural weakness in the data provided. The bank’s size, brand, and broad offerings give it a strong position against competitors, while its heavy focus on AI, digital platforms, and patents suggests it is actively trying to stay ahead of both traditional rivals and fintech challengers. Key uncertainties remain around the economic cycle, credit quality, regulation, and how well its technology investments translate into sustainable competitive and financial advantages over time.