BAC Stock - Bank of America Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $192.43B | $171.91B | $115.05B | $93.85B | $93.75B |
| Gross Profit | $96.07B | $94.19B | $92.41B | $93.71B | $74.21B |
| Gross Margin | 49.9% | 54.8% | 80.3% | 99.8% | 79.2% |
| Operating Income | $29.25B | $28.34B | $30.97B | $33.98B | $19.00B |
| Net Income | $27.13B | $26.52B | $27.53B | $31.98B | $17.89B |
| Net Margin | 14.1% | 15.4% | 23.9% | 34.1% | 19.1% |
| EPS | $3.25 | $3.10 | $3.21 | $3.60 | $1.88 |
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 3rd 2025 | Erste Group | Upgrade | Buy | - |
| July 8th 2025 | HSBC Securities | Downgrade | Hold | $51 |
| June 27th 2025 | Robert W. Baird | Downgrade | Neutral | $52 |
| May 15th 2025 | TD Cowen | Initiation | Buy | $53 |
| April 7th 2025 | Morgan Stanley | Upgrade | Overweight | $47 |
| March 7th 2025 | Robert W. Baird | Upgrade | Outperform | $50← $45 |
| January 7th 2025 | HSBC Securities | Upgrade | Buy | $50 |
| January 7th 2025 | UBS | Upgrade | Buy | $53← $43 |
| December 9th 2024 | Morgan Stanley | Downgrade | Equal Weight | $55← $48 |
| November 8th 2024 | Citigroup | Upgrade | Buy | $54← $46 |
| September 3rd 2024 | Deutsche Bank | Upgrade | Buy | $45 |
| July 9th 2024 | Piper Sandler | Upgrade | Neutral | $42← $37 |
| July 2nd 2024 | Seaport Research Partners | Upgrade | Buy | $48 |
| June 14th 2024 | Keefe Bruyette | Upgrade | Outperform | $46← $37 |
| April 19th 2024 | Wolfe Research | Upgrade | Outperform | $42 |
Earnings History & Surprises
BACEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2026 | Oct 14, 2026 | — | — | — | — |
Q3 2026 | Jul 14, 2026 | — | — | — | — |
Q2 2026 | Apr 15, 2026 | — | — | — | — |
Q1 2026 | Jan 14, 2026 | $0.96 | — | — | — |
Q4 2025 | Oct 15, 2025 | $0.95 | $1.06 | +11.3% | ✓ BEAT |
Q3 2025 | Jul 16, 2025 | $0.86 | $0.89 | +3.5% | ✓ BEAT |
Q2 2025 | Apr 15, 2025 | $0.82 | $0.90 | +10.2% | ✓ BEAT |
Q1 2025 | Jan 16, 2025 | $0.78 | $0.82 | +5.1% | ✓ BEAT |
Q4 2024 | Oct 15, 2024 | $0.77 | $0.81 | +5.2% | ✓ BEAT |
Q3 2024 | Jul 16, 2024 | $0.80 | $0.83 | +3.7% | ✓ BEAT |
Q2 2024 | Apr 16, 2024 | $0.76 | $0.83 | +9.2% | ✓ BEAT |
Q1 2024 | Jan 12, 2024 | $0.69 | $0.70 | +1.4% | ✓ BEAT |
Q4 2023 | Oct 17, 2023 | $0.82 | $0.90 | +9.8% | ✓ BEAT |
Q3 2023 | Jul 18, 2023 | $0.84 | $0.88 | +4.8% | ✓ BEAT |
Q2 2023 | Apr 18, 2023 | $0.82 | $0.94 | +14.6% | ✓ BEAT |
Q1 2023 | Jan 13, 2023 | $0.77 | $0.85 | +10.4% | ✓ BEAT |
Q4 2022 | Oct 17, 2022 | $0.77 | $0.81 | +5.2% | ✓ BEAT |
Q3 2022 | Jul 18, 2022 | $0.75 | $0.78 | +4.0% | ✓ BEAT |
Q2 2022 | Apr 18, 2022 | $0.75 | $0.80 | +6.7% | ✓ BEAT |
Q1 2022 | Jan 19, 2022 | $0.76 | $0.82 | +7.9% | ✓ BEAT |
Latest News
'Bank Of America Bonuses Will Jump For Investment Bankers This Year; Bank Of America To Reward Top Dealmakers With Bonus Increases Of About 20%, Source Says'
📈 PositiveTruist Securities Maintains Buy on Bank of America, Raises Price Target to $58
📈 PositiveKeefe, Bruyette & Woods Maintains Outperform on Bank of America, Raises Price Target to $64
📈 PositiveEli Lilly shares are trading higher after Bank of America reiterated a Buy rating, citing continued upside potential.
📈 PositiveMorgan Stanley Maintains Overweight on Bank of America, Lowers Price Target to $68
➖ NeutralPiper Sandler Maintains Neutral on Bank of America, Raises Price Target to $56
➖ NeutralBank Of America CEO Brian Moynihan Says Will Continue To Buy Smaller Firms In Payments And Lines Of Business; Says Will Buy Back More Stock
📈 PositiveBank Of America CEO Brian Moynihan Says Consumers In Good Shape; AI Will Definitely Reduce Expenses; Charge Offs To Flatten In Q4; Q4 Markets Revenue Will Be Up High Single Digits, Close To 10%; Expects Q4 Investment Banking Fees To Be Broadly Flat; We Don't See Indications Of Consumer Financial Stress
📈 PositiveOffice Of The Comptroller Of The Currency Releases Preliminary Findings from Its Review of Large Banks' Debanking Activities
➖ Neutral'U.S. Banks Shelve $20 Billion Bailout Plan For Argentina; Bankers Are Instead Discussing A Smaller, Short-term Facility To Help Argentina Make A Roughly $4 Billion Debt Payment In January' - WSJ Exclusive
📉 NegativeCORRECTION: Bank Of America Corp Credit Card Charge-Off Rate Was 2.10% In October; Credit Card Delinquency Rate Was 1.38% In October End
➖ NeutralTD Cowen Maintains Buy on Bank of America, Raises Price Target to $64
📈 PositiveMorgan Stanley Maintains Overweight on Bank of America, Raises Price Target to $70
📈 PositiveBank Of America CEO Moynihan Says Commercial Credit Is Not Deteriorating; Says I Would Not Be Worried About Frauds, These Are Isolated Cases
📈 PositiveBank Of America Says Targeting Growing Revenue Nearly 2x As Fast As Expenses; Generating Positive Operating Leverage And Margin Expansion; Improving Return On Average Allocated Capital 30% In The Medium-Term
📈 PositiveBank Of America Says Ultra HNW Segment Is Fastest Growing
📈 PositiveBank of America Announces Consumer Banking Medium Targets; 75M Clients, $20B Annual Net Income, 40% Return On Average Allocated Capital
📈 PositiveAT&T Enters $12B Revolving Credit Agreement With Citibank; Enters $17.5B Term Loan Agreement With Bank Of America
➖ NeutralWells Fargo Maintains Overweight on Bank of America, Raises Price Target to $62
📈 Positive'Fed Floats Plan With Much Smaller Capital Hikes for Big Banks; Officials Have Calculated That Terms Of Fed's Plan Would Lead To An Increase Of About 3% And 7% In Aggregate For Most Big Banks; Fed Floats Plan With Much Smaller Capital Hikes Of Between About 3% And 7% For Big U.S. Banks' - Bloomberg News
➖ NeutralFrequently Asked Questions about BAC
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