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

BAC's Revenue Growth by Quarter and Year

Bank Of America's Revenue results by quarter and year




BAC Revenue (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - 21,959.00 24,532.00 22,060.00
III Quarter September - 25,167.00 24,502.00 22,766.00
II Quarter June 25,377.00 25,197.00 22,688.00 21,466.00
I Quarter March 25,818.00 26,258.00 23,228.00 22,821.00
FY   51,195.00 98,581.00 94,950.00 89,113.00



BAC Revenue second quarter 2024 Y/Y Growth Comment
Bank Of America Corporation reported Revenue growth of 0.71% year on year in the second quarter 2024, to $ 25,377.00 millions, this is lower than Bank Of America Corporation's recent average Revenue growth of 4.68%.

Looking into second quarter 2024 results within Commercial Banks industry 30 other companies have achieved higher Revenue growth. While Bank Of America Corporation' s Revenue increase of 0.71% ranks overall at the positon no. 1673 in the second quarter 2024.




BAC Revenue ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - -10.49 % 11.21 % 9.76 %
III Quarter September - 2.71 % 7.63 % 11.95 %
II Quarter June 0.71 % 11.06 % 5.69 % -3.85 %
I Quarter March -1.68 % 13.04 % 1.78 % 0.24 %
FY   - 3.82 % 6.55 % 4.19 %

Financial Statements
Bank Of America's second quarter 2024 Revenue $ 25,377.00 millions BAC's Income Statement
Bank Of America's second quarter 2023 Revenue $ 25,197.00 millions Quarterly BAC's Income Statement
New: More BAC's historic Revenue Growth >>


BAC Revenue (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - -12.75 % 0.12 % -3.1 %
III Quarter September - -0.12 % 8 % 6.06 %
II Quarter June -1.71 % -4.04 % -2.32 % -5.94 %
I Quarter March 17.57 % 7.04 % 5.29 % 13.54 %
FY (Year on Year)   - 3.82 % 6.55 % 4.19 %




Revenue second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #31
Financial Sector #378
Overall #1673

Revenue Y/Y Growth Statistics
High Average Low
82.19 % 4.68 % -47.73 %
IV. Quarter   (Dec 31 2013)
Revenue second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #31
Financial Sector #378
Overall #1673
Revenue Y/Y Growth Statistics
High Average Low
82.19 % 4.68 % -47.73 %
IV. Quarter   (Dec 31 2013)

Revenue by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Bank Of America's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
117.99 % 2.85 % -52.69 %
(March 30, 2014)  


BAC's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2024 Bank Of America Corporation disclosed decrease in Revenue from the first quarter by -1.71% to $ 25,377.00 millions, from $ 25,818.00 millions declared in the previous reporting period.

It's not important problem, as Revenue always tend to slow in the II. Quarter.

Within Commercial Banks industry 8 other companies have achieved higher Revenue quarter on quarter growth. While Bank Of America's Revenue growth quarter on quarter, overall rank is 538.


Revenue Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #9
Financial Sector #101
Overall #538
Revenue Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #9
Financial Sector #101
Overall #538
Revenue Q/Q Growth Statistics
High Average Low
117.99 % 2.85 % -52.69 %
(March 30, 2014)  


BAC's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2024 Bank Of America Corporation reported decrease in Revenue from the previous quarter by -1.71% to $ 25,377.00 millions, from $ 25,818.00 millions released in the previous quarter.

But that's not important concern, as II. Quarter Revenue frequently gravitate to plunge in this quarter Joana Pinto Gonçalves, Commercial Banks industry advisor situated in Madrid wrote.

Within Commercial Banks industry 8 other companies have achieved higher Revenue quarter on quarter growth. While Bank Of America's Revenue growth quarter on quarter, overall rank is 538.


Bank Of America's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Jun 30 2024)
12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
Cumulative Revenue 12 Months Ending $ 98,321.00 $ 98,141.00 $ 98,581.00 $ 101,154.00 $ 100,489.00
Y / Y Revenue Growth (TTM) -2.16 % 0.16 % 3.82 % 9.38 % 10.74 %
Year on Year Revenue Growth Overall Ranking # 263 # 169 # 1113 # 1691 # 1765
Seqeuential Revenue Change (TTM) 0.18 % -0.45 % -2.54 % 0.66 % 2.56 %
Seq. Revenue Growth (TTM) Overall Ranking # 335 # 1379 # 1403 # 2050 # 2375




Cumulative Revenue growth Comment
For the 12 months ended Jun 30 2024 Bank Of America reported a decrease in Revenue by -2.16% year on year, to $98,321 millions, compare to the 0.16% growth at Mar 31 2024.

In the Financial sector 66 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 169 to 263.

Revenue TTM Q/Q Growth Statistics
High Average Low
36.78 %
3.04 %
-18.43 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 2
Financial Sector # 67
Overall # 263

Revenue TTM Y/Y Growth Statistics
High Average Low
36.78 %
3.04 %
-18.43 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 86
S&P 500 # 335
Cumulative Revenue growth Comment
For the 12 months ended Jun 30 2024 Bank Of America reported a decrease in Revenue by -2.16% year on year, to $98,321 millions, compare to the 0.16% growth at Mar 31 2024.

In the Financial sector 66 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 169 to 263.

Revenue TTM Q/Q Growth Statistics
High Average Low
36.78 %
3.04 %
-18.43 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 2
Financial Sector # 67
Overall # 263

Revenue TTM Y/Y Growth Statistics
High Average Low
36.78 %
3.04 %
-18.43 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 86
S&P 500 # 335




Other Revenue Growth
Commercial Banks Industry Revenue Growth Trends and Statistics
Financial Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
BAC's Revenue Growth Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for BAC's Competitors
Revenue Growth for Bank Of America's Suppliers
Revenue Growth for BAC's Customers

You may also want to know
BAC's Annual Growth Rates BAC's Profitability Ratios BAC's Asset Turnover Ratio BAC's Dividend Growth
BAC's Roe BAC's Valuation Ratios BAC's Financial Strength Ratios BAC's Dividend Payout Ratio
BAC's Roa BAC's Inventory Turnover Ratio BAC's Growth Rates BAC's Dividend Comparisons



Companies with similar Revenue decrease for the quarter ending Jun 30 2024 within Financial SectorY/Y Change %Revenue for the quarter ending Jun 30 2024
Moody National Reit Ii Inc 1.23%$ 1.232 millions
Synchrony Financial1.18%$ 1.179 millions
American Assets Trust Inc 1.07%$ 1.065 millions
Omega Healthcare Investors Inc 1.02%$ 1.022 millions
Kingsway Financial Services Inc0.95%$ 0.950 millions
Camden Property Trust0.92%$ 0.916 millions
Employers Holdings Inc 0.84%$ 0.836 millions
Univest Financial Corporation0.80%$ 0.799 millions
Sl green Realty corp0.79%$ 0.792 millions
Schwab Charles Corp0.73%$ 0.730 millions
Old Point Financial Corp0.73%$ 0.730 millions
Equitable Financial Life Insurance Company0.72%$ 0.722 millions
Bank Of America Corporation0.71%$ 0.714 millions
Triumph Financial Inc 0.61%$ 0.606 millions
First Trinity Financial Corporation0.50%$ 0.500 millions
Elevance Health Inc 0.49%$ 0.490 millions
Farmers and Merchants Bancorp0.43%$ 0.427 millions
Centerspace0.41%$ 0.412 millions
Gladstone Land Corp0.41%$ 0.410 millions




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