Bank of America Corp Overview
Industry: Banks Diversified
Sector: Financial Services
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. The company was founded in 1784 and is based in Charlotte, North Carolina. 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 Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Bank of America Corp into one research view. The sections below show what strengthens or weakens the research case.
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Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Net income was $7.2B (-14% YoY).
What changed
- Net income -14% YoY to $7.2B.
Guidance / outlook
No formal outlook was extracted from this filing excerpt. Open the SEC source to review full management commentary.
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
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Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Bank of America Just Raised Its Dividend 14%. The Buyback Is the Bigger Story.
Headline from Yahoo Finance: Bank of America Just Raised Its Dividend 14%. The Buyback Is the Bigger Story.
Higher Dividend And Buybacks Might Change The Case For Investing In Bank of America (BAC)
Headline from Yahoo Finance: Higher Dividend And Buybacks Might Change The Case For Investing In Bank of America (BAC).
Bank of America hikes common stock dividend by 14%
Headline from Reuters: Bank of America hikes common stock dividend by 14%.
Bank of America to raise quarterly dividend to $0.32
Headline from CNBC: Bank of America to raise quarterly dividend to $0.32.
Rollins downgraded at Bank of America after earnings miss clouds demand outlook (ROL:NYSE)
Headline from Seeking Alpha: Rollins downgraded at Bank of America after earnings miss clouds demand outlook (ROL:NYSE).
Bank of America (BAC) Preferred Dividend Update Keeps Valuation In Focus
Headline from Yahoo Finance: Bank of America (BAC) Preferred Dividend Update Keeps Valuation In Focus.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.