Bank of America Corporation
- Bank of America advanced 2.7% to $43.06 after the financial service provider reported better-than-expected earnings.
Revenue in the third quarter increased to $25.3 billion from $25.2 billion, net income eased to $6.9 billion from $7.8 billion, and diluted earnings per share fell to 81 cents from 90 cents a year ago.
Provision for credit losses was flat at $1.5 billion from the previous quarter and higher than $1.2 billion a year ago.
Oct 15, 2024 - Bank of America increased 4.4% to $43.73 after the financial services company reported better-than-expected second-quarter results.
Revenue in the quarter increased 1% to $25.4 billion from $25.2 billion, net income declined to $6.9 billion from $7.4 billion, and diluted earnings per share eased to 83 cents from 88 cents a year ago.
Net interest income decreased 3% to $13.9 billion from $13.7 billion, and credit loss provision increased to $1.5 billion from $1.3 billion in the previous quarter and $1.1 billion in the period a year ago.
The average deposit balance in the quarter increased by 2%, or $35 billion, to $1.9 trillion, and the company returned to shareholders $5.4 billion, $3.5 billion in stock repurchases, and $1.9 billion in stock dividends.
Jul 16, 2024 - Bank of America decreased 2.7% to $32.25 after the bank reported lower quarterly earnings because of one-time charges assessed by the FDIC and transitioning away from the London Interbank Offered Rate.
Revenue in the quarter increased to $22 billion, net income declined 50% to $3.1 billion from $7.1 billion, and diluted earnings per share dropped to 35 cents from 85 cents a year ago.
The charges in the quarter include a $1.6 billion pre-tax charge to transition away from LIBOR and a special fee of $2.1 billion charged by the Federal Deposit Insurance Corp. to rescue Silicon Valley Bank and Signature Bank.
Jan 12, 2024 - Bank of America Corp increased 1.3% to $27.33 after the financial services company reported quarterly results.
Revenue in the third quarter increased 3% to $25.2 billion from $24.5 billion and net interest income jumped 4% to $14.4 billion driven by higher interest rates and loan growth.
Net income in the quarter increased to $7.8 billion from $7.4 billion and diluted earnings per share edged up to 90 cents from 88 cents a year ago.
The provision for loan losses edged up by $336 million to $1.2 billion, reflecting weakening commercial real estate market conditions and stretched consumers.
Oct 17, 2023 - Bank of America jumped 2.5% to $30.01 after the bank reported better-than-expected revenue and earnings in its latest quarter results.
Revenue, net of interest expense, increased 11% to $25.2 billion from $22.7 billion and net income rose 19% to $7.4 billion from $6.2 billion and diluted earnings per share increased to 88 cents from 72 cents a year ago.
Provision of credit losses increased by $602 million to $1.1 billion. average deposit balance declined 7% to $1.9 trillion and average loan and lease balance increased 3% to $1.0 trillion.
Jul 18, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.94 | 0.88 | 0.90 | 0.35 | - | |
| 2022 | 0.8 | 0.73 | 0.81 | 0.85 | 3.19 | |
| 2021 | 0.86 | 1.03 | 0.85 | 0.82 | 3.57 | |
| 2020 | 0.4 | 0.37 | 0.51 | 0.59 | 1.87 | |
| 2019 | 0.7 | 0.74 | 0.56 | 0.74 | 2.75 | |
| 2018 | 0.62 | 0.63 | 0.66 | 0.7 | 2.61 | |
| 2017 | 0.41 | 0.46 | 0.48 | 0.47 | 1.82 | |
| 2016 | 0.21 | 0.36 | 0.41 | 0.40 | 1.38 | |
| 2015 | 0.27 | 0.45 | 0.37 | 0.28 | 1.37 | |
| 2014 | -0.05 | 0.19 | -0.04 | 0.32 | 0.42 | |
| 2013 | 0.10 | 0.32 | 0.20 | 0.28 | 0.9 | |
| 2012 | 0.03 | 0.19 | 0.00 | 0.03 | 0.25 | |
| 2011 | 0.17 | -0.90 | 0.56 | 0.18 | 0.01 | |
| 2010 | 0.28 | 0.27 | -0.77 | -0.15 | -0.37 | |
| 2009 | 0.44 | 0.33 | -0.26 | -0.80 | -0.29 | |
| 2008 | 0.23 | 0.72 | 0.15 | -0.56 | 0.54 | |
| 2007 | 1.16 | 1.28 | 0.82 | 0.03 | 3.29 | |
| 2006 | 1.07 | 1.19 | 1.18 | 1.15 | 4.59 | |
| 2005 | 1.07 | 1.14 | 0.95 | 0.88 | 4.04 |