Bank of America Corporation
- Bank of America declined 0.6% to $45.49 after the financial service provider reported better-than-expected earnings.
Revenue in the second quarter advanced 4% to $26.5 billion from $25.4 billion, net income rose 3% to $7.1 billion from $6.9 billion, and diluted earnings per share soared 7% to 89 cents from 83 cents a year ago.
The company returned $7.3 billion to shareholders, $2.0 billion through common stock dividends and $5.3 billion in share repurchases, and announced plans to increase the quarterly common stock dividend 8% beginning in the third quarter.
Book value per common share rose 8% to $37.13; tangible book value per common share rose 9% to $27.71.
In the quarter, the return on average common shareholders' equity ratio was 10.0%; the return on average tangible common shareholders' equity ratio was 13.4%.
“We delivered another solid quarter, with earnings per share up seven percent from last year.
Net interest income grew for the fourth straight quarter, reflecting eight consecutive quarters of deposit growth and seven percent year-over-year loan growth," Chairman and CEO Brian Moynihan said in a statement to investors.
"Consumers remained resilient, with healthy spending and asset quality, and commercial borrower utilization rates rose," he added.
"So far this year, we have supplied more capital to our businesses and returned 40 percent more capital to shareholders in the first half of this year than last year,” reiterating the company's commitment to return capital to shareholders.
Jul 16, 2025 - 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
| 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 |