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BML-PJ

Bank of America Corporation

BML-PJ

Bank of America Corporation • NYSE
$19.91 ▲ 0.56% (+0.11)
Market Cap $323.88 B
52w High $24.25
52w Low $19.40
Dividend Yield 1.36%
P/E 5.67
Volume 14.90K
Outstanding Shares 16.27B

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 Bank of America has grown its revenue meaningfully over the last five years, with earnings staying solid and relatively steady after the pandemic rebound. Profitability has been consistently strong, even as the bank has navigated changing interest rates and credit conditions. There was a peak in profit a few years ago, followed by a slight easing, but earnings remain well above earlier-pandemic levels. Overall, the income statement shows a mature, diversified bank that is still able to grow its top line while maintaining healthy bottom-line results, though not in a straight line year to year.

Balance Sheet

Balance Sheet The balance sheet reflects one of the world’s largest banks: very large assets, substantial deposits and borrowings, and a meaningful but stable capital base. Total assets have gradually expanded, while shareholder equity has inched up over time, suggesting that growth has not come at the cost of capital strength. Debt has increased, but this is normal for a major bank that funds loans and securities with various forms of borrowing. Cash levels move around from year to year but remain sizable, indicating ample liquidity. Overall, the balance sheet looks like that of a scaled, systemically important bank with significant resources and typical big-bank leverage.

Cash Flow

Cash Flow Cash flows are choppy, with swings between large inflows and modest outflows. This pattern is common for big banks because day‑to‑day movements in loans, deposits, and securities can cause operating cash flow to jump or dip in ways that don’t always match reported profits. The lack of notable capital spending in the data suggests that most investment is in financial assets and technology, not in physical equipment. The key takeaway is that traditional cash flow analysis is less straightforward for a bank, and short-term cash flow volatility is not unusual in this business model.

Competitive Edge

Competitive Edge Bank of America holds a powerful competitive position built on brand, scale, and diversification. It is one of the largest retail and commercial banks in the U.S., with deep relationships across consumers, small businesses, large corporations, and wealth-management clients. Its sheer size gives it cost advantages and supports heavy ongoing investment in technology and risk management. Customers often face high switching costs due to direct deposits, bill payments, and multiple connected products, which helps with retention. Its mix of consumer banking, Merrill wealth management, and corporate and investment banking provides balance across economic cycles. The main competitive risks come from other mega‑banks, nimble fintechs, and changing regulation, but its entrenched position and brand recognition give it a wide, durable moat.

Innovation and R&D

Innovation and R&D The bank is leaning heavily into technology and AI to defend and extend its moat. Its Erica virtual assistant and unified mobile platform show a clear push toward digital-first banking for consumers, while its CashPro platform offers sophisticated digital tools for corporate clients. A decentralized approach to innovation and a large patent portfolio suggest a culture that encourages new ideas across the organization. The bank is expanding AI into more areas, including internal tools and payments, and experimenting with “next-generation” branches that blend physical presence with advanced digital support. It is also investing in sustainable finance and new wealth-management offerings, which could open additional growth paths. The main uncertainty is execution: keeping these platforms secure, user-friendly, and ahead of both big-bank peers and fintech challengers.

Summary

Bank of America today looks like a large, mature, yet still evolving franchise. Its earnings power is strong and relatively steady, backed by a massive and diversified balance sheet. Cash flows are naturally volatile but typical for a global bank. Competitively, it benefits from scale, brand, and customer stickiness, while its strategic emphasis on digital banking, AI, and integrated wealth and corporate services aims to keep it at the forefront of the industry. Key watchpoints include how it manages credit quality through economic cycles, adapts to interest rate shifts and regulation, and continues to execute on its technology and innovation agenda without stumbling on operational or cybersecurity risks.