Bank of America Corporation
BAC-
Bank of America advanced 2.7% to $43.06 after the financial service provider reported better-than-expected earnings.
Revenue in the third quarter increased to $25.3 billion from $25.2 billion, net income eased to $6.9 billion from $7.8 billion, and diluted earnings per share fell to 81 cents from 90 cents a year ago.
Provision for credit losses was flat at $1.5 billion from the previous quarter and higher than $1.2 billion a year ago.
Oct 15, 2024 -
Bank of America increased 4.4% to $43.73 after the financial services company reported better-than-expected second-quarter results.
Revenue in the quarter increased 1% to $25.4 billion from $25.2 billion, net income declined to $6.9 billion from $7.4 billion, and diluted earnings per share eased to 83 cents from 88 cents a year ago.
Net interest income decreased 3% to $13.9 billion from $13.7 billion, and credit loss provision increased to $1.5 billion from $1.3 billion in the previous quarter and $1.1 billion in the period a year ago.
The average deposit balance in the quarter increased by 2%, or $35 billion, to $1.9 trillion, and the company returned to shareholders $5.4 billion, $3.5 billion in stock repurchases, and $1.9 billion in stock dividends.
Jul 16, 2024 -
Bank of America decreased 2.7% to $32.25 after the bank reported lower quarterly earnings because of one-time charges assessed by the FDIC and transitioning away from the London Interbank Offered Rate.
Revenue in the quarter increased to $22 billion, net income declined 50% to $3.1 billion from $7.1 billion, and diluted earnings per share dropped to 35 cents from 85 cents a year ago.
The charges in the quarter include a $1.6 billion pre-tax charge to transition away from LIBOR and a special fee of $2.1 billion charged by the Federal Deposit Insurance Corp. to rescue Silicon Valley Bank and Signature Bank.
Jan 12, 2024 -
Bank of America Corp increased 1.3% to $27.33 after the financial services company reported quarterly results.
Revenue in the third quarter increased 3% to $25.2 billion from $24.5 billion and net interest income jumped 4% to $14.4 billion driven by higher interest rates and loan growth.
Net income in the quarter increased to $7.8 billion from $7.4 billion and diluted earnings per share edged up to 90 cents from 88 cents a year ago.
The provision for loan losses edged up by $336 million to $1.2 billion, reflecting weakening commercial real estate market conditions and stretched consumers.
Oct 17, 2023 -
Bank of America jumped 2.5% to $30.01 after the bank reported better-than-expected revenue and earnings in its latest quarter results.
Revenue, net of interest expense, increased 11% to $25.2 billion from $22.7 billion and net income rose 19% to $7.4 billion from $6.2 billion and diluted earnings per share increased to 88 cents from 72 cents a year ago.
Provision of credit losses increased by $602 million to $1.1 billion. average deposit balance declined 7% to $1.9 trillion and average loan and lease balance increased 3% to $1.0 trillion.
Jul 18, 2023
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| Trading Volume | 913,655 |
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40.42 - 25.17 |
| Market Cap Full | $ 318.1B |
Quarterly +
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Q1 | 1.8% | 12.7% | -13.8% | -7.4% |
| Q2 | - | 4.8% | 0.5% | -24.5% |
| Q3 | - | -0.5% | -4.6% | -3% |
| Q4 | - | -4.2% | 26.2% | 9.7% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2025 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.8 | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| 1 | 1.4 | 10.1 | -0.8 | 6.3 | -1.9 | 3 | -0.5 | - | - | - | - |
| 2023 | |||||||||||
| 7.1 | -3.4 | -16.7 | 2.6 | -5.1 | 3.2 | 11.6 | -10.5 | -4.5 | -3.8 | 15.7 | 10.5 |
| 2022 | |||||||||||
| 2.8 | -3.4 | -6.7 | -13.4 | 4.2 | -16.3 | 8.2 | -0.3 | -10.2 | 18.7 | 5 | -12 |
| 2021 | |||||||||||
| -2.2 | 19.3 | 9.4 | 4.8 | 4.6 | -2.7 | -7 | 8.8 | 1.7 | 12.5 | -6.9 | 0.1 |
| 2020 | |||||||||||
| -6.2 | -13.5 | -25.3 | 13.3 | 0.3 | -1.5 | 4.8 | 3.5 | -6.4 | -1.6 | 18.8 | 7.6 |
EPS
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Q1 | 0.9 | 0.8 | 0.9 | 0.4 |
| Q2 | 0.9 | 0.7 | 1 | 0.4 |
| Q3 | 0.9 | 0.8 | 0.9 | 0.5 |
| Q4 | 0.4 | 0.9 | 0.8 | 0.6 |
| A | 3.07 | 3.2 | 3.6 | 1.9 |