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BAC-PQ

Bank of America Corporation

BAC-PQ

Bank of America Corporation • NYSE
$17.38 ▼ -0.74% (-0.13)
Market Cap $126.92 B
52w High $19.09
52w Low $16.56
Dividend Yield 1.06%
P/E 4.95
Volume 47.43K
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’s income statement shows a large, diversified bank that has grown its revenue meaningfully over the last several years while keeping profitability relatively steady. Earnings were strongest a few years ago and have eased slightly since, but they remain high in absolute terms. Operating and net income indicate a bank that is consistently profitable through changing rate and credit cycles, with no obvious sign of structural deterioration in its core earnings power.

Balance Sheet

Balance Sheet The balance sheet reflects a very large, systemically important bank with expanding total assets and a sizeable cash position that moves around from year to year as markets and funding conditions change. Debt levels have risen over time, but equity has also trended upward, suggesting the bank is adding scale while maintaining a meaningful capital base. Overall leverage is high, as is normal for big banks, and ongoing regulatory oversight is an important part of the story for financial strength and resilience.

Cash Flow

Cash Flow Reported cash flows are choppy, with swings between positive and negative operating cash flow, which is common for large banks because of how loans, deposits, and securities flows are recorded. Recent negative operating cash flow likely reflects shifts in lending and investment activities rather than simple “cash burn.” With virtually no traditional capital spending and large access to funding markets, the headline cash flow figures need to be viewed in the context of a regulated bank balance sheet rather than like an industrial company.

Competitive Edge

Competitive Edge Bank of America holds a powerful competitive position as one of the largest, most diversified banks in the United States. Its mix of consumer banking, wealth management, commercial banking, and markets businesses gives it multiple sources of income and deep relationships across customer types. A well-known brand, extensive branch and digital presence, large deposit base, and strict regulatory barriers create a wide moat that is difficult for smaller or newer competitors to challenge at scale.

Innovation and R&D

Innovation and R&D The bank is highly active in technology and digital innovation, even though it does not label this as traditional “R&D.” It invests heavily in its mobile app, AI assistant Erica, the CashPro platform for businesses, and integrated offerings that tie together banking, investing, and retirement. Continued work in artificial intelligence, data analytics, real-time payments, and branch technology aims to make services more convenient and personalized, while also lowering costs and improving risk controls.

Summary

Overall, Bank of America looks like a mature yet still-evolving financial institution: large, profitable, and diversified, with a balance sheet that reflects both significant scale and the typical leverage of a major bank. Earnings have been resilient, though not immune to the interest rate and credit environment. Cash flow patterns are complex but broadly consistent with a big regulated lender. Its strong competitive position is underpinned by brand, scale, and regulatory barriers, while ongoing digital and AI investments are geared toward sustaining relevance and efficiency in a rapidly changing financial landscape. Risks remain tied to the economic cycle, interest rates, regulation, and successful execution of its technology strategy.