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Bank Of America Corporation  (BAC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $42.9000 $-0.11 -0.256%
Day's High: $43.56 Week Perf: 2.41 %
Day's Low: $ 42.69 30 Day Perf: 7.28 %
Volume (M): 43,903 52 Wk High: $ 44.44
Volume (M$): $ 1,883,434 52 Wk Avg: $33.47
Open: $42.86 52 Wk Low: $24.96



 Market Capitalization (Millions $) 344,547
 Shares Outstanding (Millions) 8,031
 Employees 208,000
 Revenues (TTM) (Millions $) 98,141
 Net Income (TTM) (Millions $) 25,028
 Cash Flow (TTM) (Millions $) -62,814
 Capital Exp. (TTM) (Millions $) 0

Bank Of America Corporation
Bank of America Corporation is a Delaware corporation, a bank holding company and a financial holding company under the Gramm-Leach-Bliley Act. The principal executive offices of the Corporation are located in the Bank of America Corporate Center, Charlotte, North Carolina 28255.

Through its banking subsidiaries (the 'Banks') and various nonbanking subsidiaries, the Corporation provides a diversified range of banking and nonbanking financial services and products, primarily throughout the Northeast (Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island), the Mid-Atlantic (Maryland, New Jersey, New York, Pennsylvania, Virginia and the District of Columbia), the Midwest (Illinois, Iowa, Kansas and Missouri), the Southeast (Florida, Georgia, North Carolina, South Carolina and Tennessee), the Southwest (Arizona, Arkansas, New Mexico, Oklahoma and Texas) and the West (California, Idaho, Nevada, Oregon and Washington) regions of the United States and in selected international markets. Management believes that these are desirable regions in which to be located.

The Corporation has the leading bank deposit market share position in California, Connecticut, Florida, Maryland, Massachusetts, Nevada, New Jersey and Washington. In addition, the Corporation ranks second in terms of bank deposit market share in Arizona, Kansas, Missouri, New Mexico, North Carolina, Rhode Island, South Carolina and Texas; third in Arkansas, District of Columbia, Georgia, Idaho and Maine; fourth in New Hampshire, Oklahoma, Oregon and Virginia; fifth in Tennessee; sixth in New York; seventh in Iowa; thirteenth in Pennsylvania; and fourteenth in Illinois.

A financial holding company, and the companies under its control, are permitted to engage in activities considered 'financial in nature' as defined by the Gramm-Leach-Bliley Act and Federal Reserve Board interpretations (including, without limitation, insurance and securities activities), and therefore may engage in a broader range of activities than permitted for bank holding companies and their subsidiaries. A financial holding company may engage directly or indirectly in activities considered financial in nature, either de novo or by acquisition, provided the financial holding company gives the Federal Reserve Board after-the-fact notice of the new activities. The Gramm-Leach-Bliley Act also permits national banks, such as the Banks, to engage in activities considered financial in nature through a financial subsidiary, subject to certain conditions and limitations and with the approval of the Comptroller.


Competition

The Corporation has four business segments which were recently renamed in order to align more closely with the scope of its business. The business segments are Global Consumer and Small Business Banking, Global Business and Financial Services, Global Capital Markets and Investment Banking, and Global Wealth and Investment Management. The activities in which the Corporation and its business segments engage are highly competitive. Generally, the lines of activity and markets served involve competition with other banks, thrifts, credit unions and other nonbank financial institutions, such as investment banking firms, investment advisory firms, brokerage firms, investment companies and insurance companies. The Corporation also competes against banks and thrifts owned by nonregulated diversified corporations and other entities which offer financial services, located both domestically and internationally and through alternative delivery channels such as the Internet. The methods of competition center around various factors, such as customer services, interest rates on loans and deposits, lending limits and customer convenience, such as location of offices.

The commercial banking business in the various local markets served by the Corporation's business segments is highly competitive. The four business segments compete with other banks, thrifts, finance companies and other businesses which provide similar services. The business segments actively compete in commercial lending activities with local, regional and international banks and nonbank financial organizations, some of which are larger than certain of the Corporation's nonbanking subsidiaries and the Banks. In its consumer lending operations, the competitors of the business segments include other banks, thrifts, credit unions, finance companies and other nonbank organizations offering financial services. In the investment banking, investment advisory and brokerage business, the Corporation's nonbanking subsidiaries compete with other banking and investment banking firms, investment advisory firms,

brokerage firms, investment companies, other organizations offering similar services and other investment alternatives available to investors. The Corporation's mortgage banking units compete with banks, thrifts, government agencies, mortgage brokers and other nonbank organizations offering mortgage banking services. In the trust business, the Banks compete with other banks, investment counselors and insurance companies in national markets for institutional funds and insurance agents, thrifts, financial counselors and other fiduciaries for personal trust business. The Corporation and its four business segments also actively compete for funds. A primary source of funds for the Banks is deposits, and competition for deposits includes other deposit-taking organizations, such as banks, thrifts, and credit unions, as well as money market mutual funds.



   Company Address: 100 N. Tryon Street Charlotte 28255 NC
   Company Phone Number: 386-5681   Stock Exchange / Ticker: NYSE BAC
   


Customers Net Income fell by BAC's Customers Net Profit Margin fell to

-5.82 %

11.67 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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COF        1.84% 
JPM   -0.13%    
PNC        3.84% 
USB        5.69% 
WFC        2.6% 
• View Complete Report
   



Bank Of America Corporation

Bank of America Reports Decline in Income per Share for Q1 2024, Reflecting Market Concerns and Potential Long-Term Growth Opportunities

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.

Bank Of America Corporation

Bank of America Corporation Reports Sharp Decline in EPS and Revenue in Q4 2023

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.

Bank Of America Corporation

Bank of America Corporation Reports Remarkable 11.11% Surge in Income during Latest Fiscal Period



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.

Bank Of America Corporation

Bank of America Scores Big in Second Fiscal Quarter of 2023; Reports Impressive Revenue and Profit Growth

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%.

Bank Of America Corporation

The company disclosed splendid revenue jump, over the most recent fiscal period

Bank of America Corporation is one of the largest financial institutions in the United States and is a major player in the global banking industry. The bank provides a wide range of financial services, including consumer and small business banking, wealth management, investment banking, and asset management.
Recently, Bank of America Corporation has disclosed a double-digit revenue and profitability improvement in the most recent fiscal period. The bank reported revenues of $26.26 billion, up by 13.045% year-on-year and advanced by 7.036% quarter-on-quarter. The increase in revenue can be attributed to the bank's efforts to improve its services and expand its operations.






 

Bank Of America's Segments
 
Consumer Banking
 Segment     of total Revenue
Asset Management
 Segment     of total Revenue
Global Banking
 Segment     of total Revenue
Global Markets
 Segment     of total Revenue
Commercial & Investment
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Bank Of America does not provide revenue guidance.

Earnings Outlook
Bank Of America Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion
U.S.
Asia
EMEA
Latin America

Bank Of America's Operating Statistics Decrease / Increase
       
Interest rate Spread   Interest rate Spread Decline   
Interest margin    Interest margin Growth   
Nonperforming Assets Ratio   Nonperforming Assets Ratio            Decline   
Allowance for Credit Losses   Allowance for Credit Losses  Decline   
Tier1 Capital Ratio     
Total Capital Ratio     
Leverage Ratio    Leverage Ratio  Growth   
Tangible Common Equity Ratio    Tangible Common Equity Ratio Growth   
Efficiency Ratio   Efficiency Ratio Decline   




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