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Bank Of America Corporation  (BAC)
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    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

Bank Of America Growth Comparisons

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BAC Revenue Growth Rate Comparisons Company Industry Sector S&P 500
Y / Y Revenue Growth (Q1 MRQ) -1.68 % 1.53 % 10.63 % 3.02 %
Q / Q Revenue Growth (Q1 MRQ) 17.57 % 10.17 % 7.9 % -2.06 %
Y / Y Revenue Growth (for 12 months ending Q1 TTM) 0.16 % 5.09 % 9.85 % %
Seq. Revenue Growth (for 12 months ending Q1 TTM) -0.45 % 0.32 % 2.58 % 0.69 %
Revenue 5 Year Average Growth 1.56 % 4.21 % 10.06 % 8.07 %


BAC's Growth Comparisons in I. Quarter 2024




Although the Commercial Banks industry saw advancing Revenue by 1.53%, Bank Of America announced -1.68% year on year revenue decline in the first quarter 2024, to $ 25.82 billions, and underperformed the 10.63% Revenue improvement in the Financial sector. The Financial sector grew above market average, while Commercial Banks industry and Bank Of America Corporation results underperformed, in the first quarter.

Top-line improved by 17.57% from the forth quarter. Looking into annual revenue rise of 1.56%, and S & P 500's average yearly revenue growth is 8.07% over the five years, including only Businesses with the first quarter 2024 Results. Bank Of America grew less than the market.


Growth Rates of BAC's Income in the first quarter 2024


BAC Operating Income Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y Operating Income Change (Q1 MRQ) -14.36 % 47.24 % 27.01 % 5.84 %
Seq. Operating Income Change (Q1 MRQ) 102.96 % 192.04 % 33.45 % 8.66 %
Y / Y Operating Income Growth (Q1 TTM) -12.14 % 13.46 % 135.32 % -5.56 %
Seq. Operating Income Growth (Q1 TTM) -4.4 % 13.25 % 6.87 % 1.84 %
Operating Income 5 Year Avg. Change -2.87 % -0.51 % 9.6 % 9.38 %


Income from Cont. Ops. Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y Income from Cont. Ops. Change (Q1 MRQ) -18.22 % -10.61 % -0.14 % -5.37 %
Seq. Income from Cont. Ops. Change (Q1 MRQ) 112.28 % 90.03 % 61.48 % 7.08 %
Y / Y Income from Cont. Ops. Change (Q1 TTM) -12.56 % -4.25 % 5.79 % -7.26 %
Seq. Income from Cont. Ops. Change (Q1 TTM) -5.61 % -3.16 % 1.05 % -1.36 %
Income from Cont. Ops. 5 Year Avg. Change -1.19 % -0.49 % 3.79 % 6.88 %

BAC Net Income Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y Net Income Growth (Q1 MRQ) -18.22 % -10.61 % -0.15 % -5.46 %
Q / Q Net Income Growth (Q1 MRQ) 112.28 % 90.04 % 61.19 % 10.02 %
Y / Y Net Income Change (Q1 TTM) -12.56 % -4.09 % 5.95 % -5.89 %
Seq. Net Income Change (Q1 TTM) -5.61 % -3.16 % 1.01 % -1.37 %
Net Income 5 Year Avg. Growth -1.19 % -0.52 % 3.84 % 7.08 %


BAC Operating Statistics Decrease / Increase
     
• View Annual Report

BAC's EPS Growth Rates


EPS from Cont. Ops. Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y EPS from Cont. Ops. Change (Q1 MRQ) -18.95 % -10.48 % -0.14 % -5.37 %
Seq. EPS from Cont. Ops. Change (Q1 MRQ) 113.89 % 90.93 % 61.48 % 7.08 %
Y / Y EPS from Cont. Ops. Change (Q1 TTM) -12.67 % -12.63 % - -
Seq. EPS from Cont. Ops. Change (Q1 TTM) -5.81 % -3.19 % 17.89 % 45.9 %
EPS from Cont. Ops. 5 Year Avg. Growth 3.26 % 0.58 % 3.79 % 6.88 %



BAC EPS Net Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y EPS Net Growth (Q1 MRQ) -19.15 % -10.48 % -0.15 % -5.46 %
Q / Q EPS Net Growth (Q1 MRQ) 113.98 % 90.94 % 61.19 % 10.02 %
Y / Y EPS Net Change (for 12 months ending Q1 TTM) - -12.88 % 5.98 % 99100.16 %
Seq. EPS Net Change (for 12 months ending Q1 TTM) -5.85 % -3.09 % 15.3 % 46.16 %
EPS Net 5 Year Avg. Change 3.37 % -0.52 % 3.84 % 7.08 %



Bank Of America's sharp decrease of -19.15% in income per share in the first quarter from the same quarter a year ago, was much faster than income per share decline in the Commercial Banks industry with -10.48%, and underperformed the -0.15% EPS decrease in the Financial sector. Financial sector grew above market average, while Commercial Banks industry and Bank Of America Corporation results underperformed, in the first quarter.

The Company's sequential EPS growth rate was very impressive 113.98% from the forth quarter. Average yearly income per share growth for Bank Of America is 3.37%, while S & P 500's average annual income per share growth is 7.08% over the five years, including only Businesses with the first quarter 2024 earnings results.

BAC Cash Flow Growth Rates


Free Cash Flow Growth Rates Company Industry Sector S&P 500
Y / Y Free Cash Flow Change (Q1 MRQ) - - - -51.5 %
Seq. Free Cash Flow Change (Q1 MRQ) - - - -84.35 %
Y / Y Free Cash Flow Change (Q1 TTM) 46.54 % -71.3 % -35.02 % -6.74 %
Seq. Free Cash Flow Change (Q1 TTM) -9.42 % -44.95 % -15.59 % -4.98 %
Free Cash Flow 5 Year Avg. Change 2.62 % -11.92 % 6.66 % 12.33 %

Net Cash Flow Growth Rates Company Industry Sector S&P 500
Y / Y Net Cash Flow Change (Q1 MRQ) - - - -
Seq. Net Cash Flow Change (Q1 MRQ) - - - -
Y / Y Net Cash Flow Change (Q1 TTM) - - - -
Seq. Net Cash Flow Change (Q1 TTM) - -85.02 % - -
Net Cash Flow 5 Year Avg. Change 38.8 % - -31.35 % -33.88 %

Capital Expenditures Company Industry Sector S&P 500
Y / Y Capital Expenditures Change (Q1 MRQ) - 4.06 % -9.45 % 5.04 %
Seq. Capital Expenditures Change (Q1 MRQ) - 58.53 % -21.35 % -14.8 %
Y / Y Capital Expenditures Change (Q1 TTM) - 5.88 % 29.49 % 20.14 %
Seq. Capital Expenditures Change (Q1 TTM) - 1.04 % -2.78 % -0.28 %
Capital Expenditures 5 Year Avg. Change - -7.58 % 1.41 % 10.16 %

Note
To view Detail Information & Trends click on Individual Category.
To see Industry, Sector or S&P 500 Performance, click on each Category respectivly, on the top of the Table.

For explanation of terms visit: Glossary
 







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