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BML-PL

Bank of America Corporation

BML-PL

Bank of America Corporation • NYSE
$19.18 ▲ 0.84% (+0.16)
Market Cap $325.00 B
52w High $24.51
52w Low $18.79
Dividend Yield 1.29%
P/E 5.46
Volume 23.32K
Outstanding Shares 16.94B

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 Earnings have been solid and fairly resilient. Revenue has grown strongly over the last few years, helped by higher interest income and a broad mix of banking and fee businesses. Profitability peaked a few years ago and has eased slightly since, but net income and earnings per share remain comfortably above pre‑pandemic levels. Overall, this looks like a mature, highly profitable franchise rather than a fast‑growing one, with performance still sensitive to interest rates and credit conditions.

Balance Sheet

Balance Sheet The balance sheet is very large and has continued to expand, which is typical for a global systemically important bank. Assets have grown faster than shareholders’ equity, indicating some increase in leverage, but equity has also edged up, supporting capital strength. Cash balances have moved down from earlier highs as funds are deployed across the business, while overall borrowing has trended higher. In banking, the details of loan quality and regulatory capital ratios matter more than simple size metrics, but at a high level Bank of America appears steady and well-capitalized for a big diversified bank.

Cash Flow

Cash Flow Reported cash flows are choppy, with some years showing sizable inflows and others outflows from operating activities. For a bank, this volatility often reflects shifts in loans, deposits, and securities rather than underlying weakness. Profitability is consistently positive, but the timing of cash movements on the balance sheet makes the cash flow statement look lumpy. With essentially no traditional capital spending in this data, the key takeaway is that cash generation is uneven year to year but backed by a profitable core franchise.

Competitive Edge

Competitive Edge Bank of America sits near the top tier of global banks, with enormous scale, a well‑known brand, and a broad mix of businesses spanning consumer banking, wealth management, and investment banking. Its nationwide branch and ATM network, combined with embedded relationships across checking, lending, and investing, creates high switching costs for many customers. Scale gives it cost advantages and supports heavy technology investment, while its diversified revenue streams reduce reliance on any single business line. Competition from other big banks and fintechs is intense, but its size, integration, and customer base provide a durable competitive moat.

Innovation and R&D

Innovation and R&D The bank has leaned heavily into digital innovation. Its AI assistant Erica and financial planning tool Life Plan show a clear push toward personalized, always‑on guidance inside its mobile app. Digital engagement is high and growing, especially among younger customers. The company files a large number of technology patents each year, focused on artificial intelligence, data analytics, and security, signaling a structured innovation engine rather than ad‑hoc projects. Corporate platforms like CashPro and experiments with embedded finance, advanced ATMs, and blockchain point to a long‑term strategy of using technology to lock in clients and streamline operations.

Summary

Bank of America today looks like a large, profitable, technology‑driven universal bank with a strong competitive position. Earnings are healthy, with revenue up sharply from pandemic levels and profits holding at robust, if not record, levels. The balance sheet is huge and somewhat more leveraged than a few years ago, but equity has grown and the firm remains one of the key pillars of the U.S. financial system. Cash flows are naturally volatile for a bank and need to be interpreted in context of loan and deposit flows. Its digital capabilities, patent activity, and integrated banking‑and‑wealth offering strengthen its moat, but results will still be heavily influenced by the interest‑rate cycle, credit quality in downturns, regulatory pressure, and technology competition from both incumbents and fintech players.