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Bank Of America Corporation (NYSE: BAC) |
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Price: $44.0900
$-0.53 
-1.188%
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| Day's High:
| $44.46
| Week Perf:
| -1.74 %
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| Day's Low: |
$ 43.66 |
30 Day Perf: |
-1.45 % |
| Volume (M): |
43,282 |
52 Wk High: |
$ 48.08 |
| Volume (M$): |
$ 1,908,290 |
52 Wk Avg: |
$42.41 |
| Open: |
$43.99 |
52 Wk Low: |
$33.07 |
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| Market Capitalization (Millions $) |
342,615 |
| Shares
Outstanding (Millions) |
7,771 |
| Employees |
217,000 |
| Revenues (TTM) (Millions $) |
103,435 |
| Net Income (TTM) (Millions $) |
27,854 |
| Cash Flow (TTM) (Millions $) |
-39,825 |
| Capital Exp. (TTM) (Millions $) |
0 |
Bank Of America Corporation
Company Profile: Bank of America Corporation
Overview
Bank of America Corporation is a Delaware corporation that operates as both a bank holding company and a financial holding company under the Gramm-Leach-Bliley Act. The company is headquartered in the Bank of America Corporate Center, located in Charlotte, North Carolina.
Business Operations
The Corporation offers a diversified range of banking and non-banking financial services and products primarily across the United States and in selected international markets. Its operations are segmented geographically into regions: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest, and West.
Market Presence
Bank of America boasts a leading market share in bank deposits in key states, including California, Connecticut, Florida, Maryland, Massachusetts, Nevada, New Jersey, and Washington. Additionally, it ranks second in Arizona, Kansas, Missouri, New Mexico, North Carolina, Rhode Island, South Carolina, and Texas. The bank is also competitive in various other states, with notable placements throughout the eastern and western United States.
Regulatory Framework
As a financial holding company, Bank of America can engage in financial in natureactivities as defined by the Gramm-Leach-Bliley Act and the Federal Reserve Board. This allows the Corporation to expand its services through acquisitions or new business ventures, provided they notify the Federal Reserve Board thereafter. The company also leverages its national bank status to engage in financial activities through its subsidiaries, subject to regulatory conditions.
Business Segments
Bank of America operates through four primary business segments, recently renamed to better reflect its operational scope:
1. Global Consumer and Small Business Banking
2. Global Business and Financial Services
3. Global Capital Markets and Investment Banking
4. Global Wealth and Investment Management
These segments are involved in highly competitive environments, facing competition from traditional banks, credit unions, investment firms, and other financial institutions across various markets.
Competitive Landscape
Bank of America competes with a broad array of financial services providers, including local and regional banks, national financial entities, and nonbank financial organizations. Key factors in the competitive landscape include customer service quality, interest rates for loans and deposits, and overall customer convenience (such as the proximity of branches).
In the commercial banking sector, the bank engages with numerous competitors in both lending and investment services. Its mortgage banking division faces competition from various financial entities engaged in mortgage provision, while the trust division competes against other banks and investment firms for institutional and personal trust business.
Conclusion
Bank of America Corporation stands as a significant player in the U.S. banking landscape, with a strong presence across multiple states and robust competitive strategies in place. The companys diverse range of services and regulatory advantages enable it to effectively navigate the complexities of the financial industry.
Company Address: 100 N. Tryon Street Charlotte 28255 NC
Company Phone Number: 386-5681 Stock Exchange / Ticker: NYSE BAC
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Customers Net Income fell by |
BAC's Customers Net Profit Margin fell to |
-0.6 % |
11.38 %
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| Stock Performances by Major Competitors |
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| Bank Of America Corporation
Navigating the Waters of the Stock Market: A Closer Look at Bank of America Corporation
The stock market often mirrors the ebb and flow of economic currents, and recent financial reporting reveals both challenges and opportunities within the sector, particularly when examining the performance of Bank of America Corporation (BAC). While it is undeniable that the commercial banking sector is facing headwinds, Bank of America's results for the second quarter of 2024 offer a beacon of resilience and potential for stakeholders.
Revenue Growth Amidst Challenges
Bank of America reported a revenue of $25.38 billion, reflecting a modest growth of 0.714% year-over-year. Although this figure is a slight improvement, it comes at a time when many peers in the commercial banking sector are grappling with declining orders and dwindling top-line revenues. For context, Bank of America's revenue saw a decrease of -1.708% from the previous financial reporting period, which recorded $25.82 billion. Despite this drop, it's essential to recognize the company's efforts to pivot strategically in a challenging environment.
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| Bank Of America Corporation
Bank Of America Corporation recently reported disappointing financial numbers for the period ending March 31, 2024. The company's earnings per share (EPS) deteriorated by 19.15% to $0.76 from $0.94, and revenue depreciated by 1.676% to $25.82 billion year on year. These numbers were not as strong as investors had hoped, causing some concern in the stock market.
However, it is important to note that the previous financial reporting period showed significant improvements in EPS and revenue. EPS improved from $0.36 per share, and revenue increased by 17.574% from $21.96 billion. This indicates that while the recent numbers may be disappointing, the company has shown growth in the past.
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| Bank Of America Corporation
Bank of America Corporation (BAC) recently released its fourth quarter financial report for 2023, showcasing some interesting and concerning figures. The report revealed a significant decline in both top and bottom-line performance, with income per share plunging by 58.39% and revenue dropping by 10.488% compared to the previous year.
The revenue for the fourth quarter of 2023 was reported at $21.96 billion, down from $24.53 billion in the same period the previous year. Similarly, the earnings per share (EPS) for Q4 2023 stood at $0.36, a substantial decrease from $0.85 in the comparable three months of the preceding year.
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| Bank Of America Corporation
Bank of America Corporation, one of the largest commercial banks in the United States, has experienced fluctuations in its stock price over the past year. However, despite a recent decline in share value, the company has shown steady revenue improvement and increased net profit per share. This article will analyze the financial results of Bank of America Corporation and discuss the potential impact of these developments on the company's future.
Financial Results Overview:
In its September 2023 report, Bank of America Corporation recorded a moderate 2.714% revenue improvement, reaching $25.17 billion. Additionally, the net profit per share grew by 11.11% to $0.90 compared to the previous year. These figures highlight the company's ability to resist the downward trend observed across the commercial banks industry during the same period.
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| Bank Of America Corporation
Bank of America Corporation experienced strong financial performance in the fiscal second quarter of 2023, with double-digit improvements in both revenue and bottom-line figures. The company's revenue reached $25.20 billion, marking an increase of 11.059% year-on-year. However, revenue decreased by -4.041% quarter-on-quarter.
On the other hand, bottom-line figures showed significant growth, with a 20.55% increase to $0.88. However, sequentially, income per share decreased by -6.38%.
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| Per Share |
Current |
| Earnings (TTM) |
3.37 $ |
| Revenues (TTM) |
13.31 $
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| Cash Flow (TTM) |
- |
| Cash |
163.13 $
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| Book Value |
38.04 $
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| Dividend (TTM) |
1.02 $ |
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| Per Share |
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| Earnings (TTM) |
3.37 $
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| Revenues (TTM) |
13.31 $ |
| Cash Flow (TTM) |
- |
| Cash |
163.13 $
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| Book Value |
38.04 $ |
| Dividend (TTM) |
1.02 $ |
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| Brokerage commissions and asset management fee revenue Global Markets |
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 2.29 % |
of total Revenue |
| Trading Derivatives and Securities |
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20.42 % |
of total Revenue |
| Trading Derivatives and Securities Market making and similar activities |
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13.24 % |
of total Revenue |
| Trading Derivatives and Securities Net Interest Income |
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3.64 % |
of total Revenue |
| Trading Derivatives and Securities Other |
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3.54 % |
of total Revenue |
| Trading Derivatives and Securities Interest rate risk |
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4.66 % |
of total Revenue |
| Trading Derivatives and Securities Interest rate risk Market making and similar activities |
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1.83 % |
of total Revenue |
| Trading Derivatives and Securities Interest rate risk Net Interest Income |
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2.39 % |
of total Revenue |
| Trading Derivatives and Securities Interest rate risk Other |
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0.44 % |
of total Revenue |
| Trading Derivatives and Securities Foreign exchange risk |
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2.08 % |
of total Revenue |
| Trading Derivatives and Securities Foreign exchange risk Market making and similar activities |
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1.97 % |
of total Revenue |
| Trading Derivatives and Securities Foreign exchange risk Net Interest Income |
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0.06 % |
of total Revenue |
| Trading Derivatives and Securities Foreign exchange risk Other |
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0.04 % |
of total Revenue |
| Trading Derivatives and Securities Equity risk |
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7.98 % |
of total Revenue |
| Trading Derivatives and Securities Equity risk Market making and similar activities |
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7.22 % |
of total Revenue |
| Trading Derivatives and Securities Equity risk Net Interest Income |
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-1.25 % |
of total Revenue |
| Trading Derivatives and Securities Equity risk Other |
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2.01 % |
of total Revenue |
| Trading Derivatives and Securities Credit risk |
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5.12 % |
of total Revenue |
| Trading Derivatives and Securities Credit risk Market making and similar activities |
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1.57 % |
of total Revenue |
| Trading Derivatives and Securities Credit risk Net Interest Income |
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2.52 % |
of total Revenue |
| Trading Derivatives and Securities Credit risk Other |
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1.03 % |
of total Revenue |
| Trading Derivatives and Securities Other risk |
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0.58 % |
of total Revenue |
| Trading Derivatives and Securities Other risk Market making and similar activities |
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0.64 % |
of total Revenue |
| Trading Derivatives and Securities Other risk Net Interest Income |
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-0.08 % |
of total Revenue |
| Trading Derivatives and Securities Other risk Other |
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0.03 % |
of total Revenue |
| Investment and brokerage services |
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17.59 % |
of total Revenue |
| Asset management fees |
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13.66 % |
of total Revenue |
| Brokerage fees |
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3.93 % |
of total Revenue |
| Total investment banking fees |
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5.57 % |
of total Revenue |
| Underwriting income |
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2.81 % |
of total Revenue |
| Syndication fees |
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1.35 % |
of total Revenue |
| Financial advisory services |
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1.4 % |
of total Revenue |
| Consumer Banking |
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7.26 % |
of total Revenue |
| Consumer Banking Investment and brokerage services |
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0.3 % |
of total Revenue |
| Consumer Banking Asset management fees |
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0.2 % |
of total Revenue |
| Consumer Banking Brokerage fees |
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0.1 % |
of total Revenue |
| Global Wealth and Investment Management Segment |
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15.53 % |
of total Revenue |
| Global Wealth and Investment Management Investment and brokerage services |
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14.94 % |
of total Revenue |
| Global Wealth and Investment Management Asset management fees |
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13.47 % |
of total Revenue |
| Global Wealth and Investment Management Brokerage fees |
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1.47 % |
of total Revenue |
| Global Wealth and Investment Management Total investment banking fees |
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0.25 % |
of total Revenue |
| Global Wealth and Investment Management Underwriting income |
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0.25 % |
of total Revenue |
| Global Banking Segment |
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10.33 % |
of total Revenue |
| Global Banking Investment and brokerage services |
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0.07 % |
of total Revenue |
| Global Banking Brokerage fees |
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0.07 % |
of total Revenue |
| Global Banking Total investment banking fees |
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3.1 % |
of total Revenue |
| Global Banking Underwriting income |
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1.18 % |
of total Revenue |
| Global Banking Syndication fees |
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0.68 % |
of total Revenue |
| Global Banking Financial advisory services |
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1.24 % |
of total Revenue |
| Global Markets |
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19.71 % |
of total Revenue |
| Global Markets Investment and brokerage services |
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2.29 % |
of total Revenue |
| Global Markets Brokerage fees |
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2.29 % |
of total Revenue |
| Global Markets Total investment banking fees |
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2.49 % |
of total Revenue |
| Global Markets Underwriting income |
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1.66 % |
of total Revenue |
| Global Markets Syndication fees |
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0.67 % |
of total Revenue |
| Global Markets Financial advisory services |
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0.16 % |
of total Revenue |
| All Other |
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-5.62 % |
of total Revenue |
| All Other Investment and brokerage services |
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-0.01 % |
of total Revenue |
| All Other Asset management fees |
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-0.01 % |
of total Revenue |
| All Other Total investment banking fees |
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-0.27 % |
of total Revenue |
| All Other Underwriting income |
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-0.27 % |
of total Revenue |
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