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BAC-PP

Bank of America Corporation

BAC-PP

Bank of America Corporation • NYSE
$16.96 ▼ -0.88% (-0.15)
Market Cap $123.85 B
52w High $18.78
52w Low $16.17
Dividend Yield 1.03%
P/E 4.83
Volume 67.16K
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 Over the last five years, Bank of America has grown its revenue meaningfully while keeping profitability relatively steady. Earnings stayed solid even as interest rates and the economic backdrop shifted, which suggests a resilient core franchise. Operating and EBITDA results have held up well, with only modest swings from year to year, reflecting good cost control and the benefits of scale. The main risk is that a large bank’s income is very sensitive to interest rate cycles, loan demand, and credit losses, so current profit levels may not be guaranteed if the economy weakens or rates move sharply in either direction.

Balance Sheet

Balance Sheet The balance sheet is very large and broadly stable, with total assets rising over time and shareholders’ equity inching up rather than surging. Debt funding has grown but appears proportionate to the expansion of the balance sheet, which is typical for a major bank. Cash and equivalents remain substantial, though they move around year to year as funding markets and deposit flows change. Overall, the bank looks well-capitalized on the surface and continues to operate with a sizable equity cushion, but as with any large bank, asset quality, regulation, and risk management are the real safeguards behind the numbers.

Cash Flow

Cash Flow Cash flow swings have been pronounced, with some years showing strong positive operating cash flow and others showing negative figures. For a diversified bank, this volatility is often driven by movements in loans, deposits, trading positions, and other balance sheet items, rather than by underlying weakness in the business. Reported free cash flow mirrors operating cash flow, and capital spending in the traditional sense is minimal, since most investment is in technology and people rather than physical assets. The key takeaway is that headline cash flow figures for a big bank can be noisy and should be read in the context of funding and regulatory liquidity, not just year‑to‑year ups and downs.

Competitive Edge

Competitive Edge Bank of America holds a powerful competitive position built on scale, a trusted national brand, and a broad mix of services. It serves everyday consumers, small businesses, large corporations, and wealthy clients, which gives it multiple ways to earn money and smooths out some economic bumps. Customers who bundle checking, credit cards, mortgages, and investments face meaningful switching frictions, which helps retention. Its vast branch and ATM network, combined with strong digital and mobile platforms, creates a “high‑tech, high‑touch” offering that is difficult for smaller or more narrowly focused rivals to match. The main challenges are intense competition from other big banks, fintech firms, and evolving regulation.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. The bank has built a large patent portfolio and has invested heavily in artificial intelligence, mobile banking, and digital platforms. Its virtual assistant, Erica, has become a flagship AI tool for retail customers, while the CashPro platform offers sophisticated, data‑driven services to corporate clients. Ongoing and planned multi‑billion‑dollar spending on technology and AI suggests that management sees digital capability as a key differentiator and barrier to entry. The opportunity is to deepen customer engagement and lower costs; the risk is execution—ensuring these investments deliver real value and keep pace with fast‑moving fintech and big‑tech competitors.

Summary

Overall, Bank of America appears to combine solid profitability, a large and diversified balance sheet, and a strong competitive moat anchored in brand, scale, and technology. Earnings have held up well through shifting interest rate environments, and the firm’s mix of retail banking, wealth management, and corporate services offers multiple, complementary revenue streams. The bank is leaning hard into AI and digital platforms, which could enhance efficiency and customer loyalty if executed well. Key uncertainties include sensitivity to the economic cycle, credit quality in a downturn, regulatory and capital requirements, and the need to continually invest in technology to keep its edge. For observers, it is a story of a mature financial giant trying to stay ahead through innovation while managing the inherent risks of being one of the largest banks in the world.