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BAC-PS

Bank of America Corporation

BAC-PS

Bank of America Corporation • NYSE
$19.47 ▼ -0.71% (-0.14)
Market Cap $142.18 B
52w High $21.49
52w Low $18.49
Dividend Yield 1.19%
P/E 5.54
Volume 69.18K
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 Q3-2024Q4-2024Q2-2025Q3-2025
Consumer Banking Segment
Consumer Banking Segment
 $0 ▲$0 ▲$10.81Bn ▲$11.17Bn ▲
Global Banking Segment
Global Banking Segment
 $0 ▲$0 ▲$5.69Bn ▲$6.25Bn ▲
Global Markets Segment
Global Markets Segment
 $0 ▲$0 ▲$5.98Bn ▲$6.22Bn ▲
Global Wealth and Investment Management Segment
Global Wealth and Investment Management Segment
 $0 ▲$0 ▲$5.94Bn ▲$6.31Bn ▲
Card Income Interchange Fees
Card Income Interchange Fees
 $0 ▲$3.08Bn ▲$0 ▼$0 ▲
Card Income Other
Card Income Other
 $0 ▲$1.74Bn ▲$0 ▼$0 ▲
Credit Card
Credit Card
 $0 ▲$0 ▲$0 ▲$0 ▲
Investment and Brokerage Services
Investment and Brokerage Services
 $4.55Bn ▲$0 ▼$0 ▲$0 ▲
Investment And Brokerage Services Brokerage Fees
Investment And Brokerage Services Brokerage Fees
 $1.01Bn ▲$0 ▼$0 ▲$0 ▲
Investment Banking Fees
Investment Banking Fees
 $1.40Bn ▲$0 ▼$0 ▲$0 ▲
Investment Banking Income Underwriting Income
Investment Banking Income Underwriting Income
 $740.00M ▲$0 ▼$0 ▲$0 ▲
Service Charges
Service Charges
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Charges DepositRelated Fees
Service Charges DepositRelated Fees
 $0 ▲$3.59Bn ▲$0 ▼$0 ▲
Service Charges LendingRelated Fees
Service Charges LendingRelated Fees
 $0 ▲$1.03Bn ▲$0 ▼$0 ▲
Investment And Brokerage Services Asset Management Fees
Investment And Brokerage Services Asset Management Fees
 $3.53Bn ▲$0 ▼$0 ▲$0 ▲
Investment Banking Income Financial Advisory Services
Investment Banking Income Financial Advisory Services
 $390.00M ▲$0 ▼$0 ▲$0 ▲
Investment Banking Income Syndication Fees
Investment Banking Income Syndication Fees
 $270.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past several years, Bank of America has grown its revenue meaningfully, especially as interest rates moved higher and economic activity recovered from the pandemic period. Profitability has been solid and fairly consistent, with operating and net income staying at healthy levels despite swings in the rate environment and credit conditions. Earnings per share have been relatively steady after a strong rebound from 2020, which signals that the bank has been able to absorb higher costs, investments in technology, and changing credit expenses while still producing substantial profits. For a preferred security like BAC‑PS, this pattern of stable, sizable earnings is an important backdrop because it suggests a robust earnings engine supporting the broader capital structure.

Balance Sheet

Balance Sheet The balance sheet reflects a very large, systemically important bank with a broad base of loans, securities, and other financial assets. Total assets have grown gradually, while shareholder equity has edged up over time, indicating that the bank has retained enough earnings to keep its capital position broadly intact even as it expands. Debt has increased, which is typical for a growing global bank that funds itself through multiple channels, but it remains supported by a sizable equity base and diversified funding. Cash and liquid balances move around from year to year, which is normal for a big bank adjusting to shifts in deposits, lending, and market conditions. Overall, the picture is of a well‑capitalized institution, though—as with any large bank—risk still depends on the quality of its loans, how it manages interest‑rate exposure, and ongoing regulatory capital demands.

Cash Flow

Cash Flow Reported cash flows are choppy, with some years showing meaningful inflows from operations and others showing outflows. For banks, this volatility is common and mainly reflects movements in loans, deposits, and trading positions rather than simple profit or loss. The absence of traditional capital spending is also typical, since banks invest more in technology and people than in factories or equipment, and those costs show up in the income statement rather than as classic capital expenditures. Because of this, standard free‑cash‑flow metrics are less informative for a bank than for an industrial company. What matters more is that the bank remains profitable, well‑funded, and able to access wholesale and retail funding markets, all of which appear consistent with the financial profile shown here. Nonetheless, the swingy nature of cash flows underlines that banking is sensitive to market stress and funding conditions.

Competitive Edge

Competitive Edge Bank of America holds a powerful position among the largest U.S. and global banks. Its strengths include enormous scale, a very broad customer base across consumers, small businesses, large corporations, and wealthy clients, and a well‑known brand that benefits from long‑standing relationships and trust. The bank combines a big physical footprint of branches and ATMs with a strong digital platform, which helps it serve both traditional and tech‑savvy customers. Its integrated offering—combining everyday banking, credit cards, mortgages, wealth management, and investment services—creates high switching costs, since many customers rely on multiple products at once. Technology investment and loyalty programs further deepen these relationships. At the same time, the bank faces intense competition from other megabanks, fintechs, and capital markets participants, and it must navigate heavy regulation and periodic economic downturns. Overall, the institution enjoys a wide and durable moat, but not an unchallenged one.

Innovation and R&D

Innovation and R&D Bank of America is leaning hard into technology and data, which is a key part of its long‑term strategy. Its AI‑powered assistant Erica, goal‑planning tool Life Plan, and unified mobile platform are designed to keep retail customers deeply engaged and reliant on its ecosystem. For business and institutional clients, the CashPro platform brings advanced digital tools, analytics, and AI‑driven insights into cash management, payments, and liquidity, making the bank harder to replace once embedded. The firm is investing heavily in artificial intelligence, automation, and research into areas like digital assets and blockchain, aiming to boost efficiency, improve risk detection, and personalize services at scale. These efforts can strengthen its moat by lowering costs and raising customer satisfaction, but they also bring execution risks, higher ongoing tech spending, and increased exposure to cybersecurity and regulatory scrutiny around data and AI. Still, relative to many peers, Bank of America appears to be positioning itself as a technology‑forward bank with a long runway for digital innovation.

Summary

Taken together, Bank of America looks like a large, diversified, and strongly profitable bank that has rebuilt and then sustained solid earnings power since the pandemic shock. Its balance sheet shows a substantial asset base supported by a stable equity foundation and diversified funding, which is critical for the resilience expected of a systemically important institution. Cash flows are inherently volatile, as is typical in banking, but the core business remains solidly profitable. Competitively, the bank benefits from scale, brand strength, an integrated product suite, and a combination of physical and digital distribution that creates meaningful customer stickiness. Its heavy investment in AI and digital capabilities aims to reinforce this position and improve efficiency over time. For a preferred security such as BAC‑PS, the key takeaway from this information is that the underlying issuer appears to be financially strong, broadly diversified, and actively investing to remain competitive, while still being exposed to the usual banking risks tied to the economy, credit quality, interest rates, and regulation. This is an interpretation of the data provided, not a judgment on whether the security is suitable for any particular investor.