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Bank of America BAC

US equityMarket cap rank #30Banks - DiversifiedAsset Management
$56.06
+$0.06 (+0.11%)
Market open · Sep 24, 1:10 pm ET
After hours $56.14 +0.25%
Open$56.14
Prev close$56.00
Day range$55.84 – $56.53
Volume20.89M
Market cap$392.01B
P/E (TTM)12.9
Dividend yield2.00%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$31.56B+15.0% YoY
Net profit$9.07B+26.6% YoY
Diluted EPS$1.21+34.4% YoY
Free cash flow$29.04B+418.0% YoY
Operating cash flow$29.04B

Revenue, last 8 quarters

$25.3BSep '24$29.3BDec '24$28.2BMar '25$27.4BJun '25$28.1BSep '25$31.2BDec '25$30.3BMar '26$31.6BJun '26

Net profit, last 8 quarters

$6.9BSep '24$6.5BDec '24$7.4BMar '25$7.2BJun '25$8.5BSep '25$7.5BDec '25$8.6BMar '26$9.1BJun '26

Diluted EPS by quarter

0.81Sep '240.82Dec '240.89Mar '250.90Jun '251.06Sep '250.98Dec '251.11Mar '261.21Jun '26

Free cash flow by quarter

$-37.3BSep '24$25.9BDec '24$-2.2BMar '25$-9.1BJun '25$46.9BSep '25$-22.9BDec '25$41.8BMar '26$29.0BJun '26

Annual revenue

$85.5BFY20$89.1BFY21$95.0BFY22$102.8BFY23$105.9BFY24$113.1BFY25

Profitability & balance sheet

Net margin26.9%
Return on equity11.6%
Return on assets0.9%
Liabilities / assets91.4%
Cash & investments$239.19B
Total debt$399.84B
Net cash (debt)-$160.65B
Free cash flow / sales79.5%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Consumer Banking$11.34B 34.9%
  • Global Markets$8.02B 24.7%
  • Global Wealth & Investment Management$6.87B 21.2%
  • Global Banking$6.24B 19.2%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $31.56B $30.27B $113.10B $31.18B $28.09B
Total Operating Revenue $31.56B $30.27B $113.10B $31.18B $28.09B
Net Interest Income $16.00B $15.75B $60.10B $15.75B $15.23B
-Interest Income $33.83B $33.36B $138.57B $34.26B $35.37B
-Interest Expense $17.84B $17.61B $78.47B $18.51B $20.13B
Non-Interest Income $15.56B $14.53B $53.00B $15.43B $12.86B
-Fees and Commissions $8.94B $8.71B $32.77B $8.52B $8.32B
-Trading Gain Loss $4.18B $3.64B $12.01B $2.07B $3.20B
-Investment Banking Profit $2.14B $1.84B $6.63B $1.67B $2.01B
-Other Non-Interest Income $304.00M $341.00M $1.59B $3.18B -$685.00M
-Gain Loss on Sale of Assets $0.00 $0.00 $0.00 $0.00 $0.00
Credit Losses Provision -$1.37B -$1.34B -$5.68B -$1.31B -$1.30B
Non-Interest Expense $18.63B $18.53B $69.73B $17.44B $17.34B
Occupancy and Equipment $1.91B $1.90B $7.45B $1.88B $1.87B
Professional Expense and Contract Services Expense $573.00M $583.00M $2.58B $682.00M $606.00M
Selling and Admin Expenses $14.22B $14.03B $52.25B $12.96B $13.03B
-Selling & Marketing Expense $2.06B $1.66B $6.13B $1.57B $1.60B
-General & Admin Expense $12.15B $12.37B $46.12B $11.38B $11.44B
Other Non-Interest Expenses $1.92B $2.02B $7.45B $1.91B $1.83B
Pretax Profit $11.57B $10.40B $37.70B $12.44B $9.46B
Tax $2.49B $1.82B $7.19B $4.91B $987.00M
Net Profit $9.07B $8.58B $30.51B $7.53B $8.47B
Profit from Continuing Operations $9.07B $8.58B $30.51B $7.53B $8.47B
Net Income to Parent Company $9.07B $8.58B $30.51B $7.53B $8.47B
Preferred Stock Dividends $326.00M $429.00M $1.45B $328.00M $429.00M
Net Income to Common Stockholders $8.75B $8.16B $29.06B $7.20B $8.04B
Basic EPS $1.22 $1.12 $3.86 $0.99 $1.08
Diluted EPS $1.21 $1.11 $3.81 $0.98 $1.06
Dividend Per Share $0.28 $0.28 $1.08 $0.28 $0.28

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $3.50T $3.50T $3.41T $3.41T $3.40T
Cash, Cash Equivalents & Federal Funds Sold $651.61B $633.13B $555.90B $555.90B $580.52B
-Cash and Cash Equivalents $239.19B $249.87B $239.32B $239.32B $254.72B
-Money Market Investments $412.42B $383.26B $316.58B $316.58B $325.80B
Securities Investment $1.05T $1.08T $1.11T $1.11T $1.10T
-Trading Securities $179.80B $178.24B $181.09B $181.09B $160.78B
-Available for Sale Securities $14.88B $17.43B $16.18B $16.18B $14.34B
-Held to Maturity Securities $505.80B $514.74B $522.66B $522.66B $531.41B
-Short Term Investments $348.54B $368.96B $386.80B $386.80B $390.29B
Derivative Assets $45.34B $48.32B $40.88B $40.88B $42.12B
Net Loan $1.20T $1.19T $1.16T $1.16T $1.14T
-Gross Loan $1.21T $1.20T $1.17T $1.17T $1.16T
-Allowance for Loans and Lease Losses $13.06B $13.10B $13.16B $13.16B $13.21B
Receivables $121.61B $111.98B $114.38B $114.38B $116.10B
-Accounts Receivable $106.27B $96.08B $98.19B $98.19B $99.86B
-Other Receivables $15.35B $15.90B $16.19B $16.19B $16.24B
Net PPE $12.79B $12.54B $12.52B $12.52B $12.35B
Goodwill and Other Intangible Assets $69.02B $69.02B $69.02B $69.02B $69.02B
-Goodwill $69.02B $69.02B $69.02B $69.02B $69.02B
Other Assets $354.11B $354.90B $350.86B $350.86B $343.54B
Total Liabilities $3.20T $3.20T $3.11T $3.11T $3.10T
Total Deposits $2.03T $2.04T $2.02T $2.02T $2.00T
Federal Funds Purchased and Securities Sold Under Agreement to Repurchase $332.22B $353.02B $344.72B $344.72B $342.59B
Derivative Product Liabilities $42.58B $43.94B $42.08B $42.08B $40.16B
Short-Term Debt and Capital Lease Obligation $75.86B $82.84B $48.09B $48.09B $54.20B
-Current Debt $75.86B $82.84B $48.09B $48.09B $54.20B
Trading Liabilities $123.16B $129.83B $106.00B $106.00B $117.32B
Long Term Debt and Capital Lease Obligation $323.99B $300.76B $317.82B $317.82B $311.48B
-Long Term Debt $323.99B $300.76B $317.82B $317.82B $311.48B
Non-Current Liabilities $1.15B $1.16B $1.18B $1.18B $1.11B
Other Liabilities $274.02B $246.31B $229.90B $229.90B $230.50B
Total Equity $301.09B $300.67B $303.24B $303.24B $304.15B
Stockholders' Equity $301.09B $300.67B $303.24B $303.24B $304.15B
Capital Stock $38.61B $43.88B $52.08B $52.08B $57.76B
-Common Stock $13.61B $18.89B $26.08B $26.08B $31.76B
-Preferred Stock $25.00B $25.00B $25.99B $25.99B $25.99B
Retained Earnings $274.52B $267.77B $261.69B $261.69B $258.14B
Gains/Losses Not Affecting Retained Earnings -$12.03B -$10.98B -$10.53B -$10.53B -$11.75B

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $29.04B $41.77B $12.61B -$22.95B $46.87B
Net cash flow from continuing operations $29.04B $41.77B $12.61B -$22.95B $46.87B
Net Income from Continuing Operations $9.07B $8.58B $30.51B $7.53B $8.45B
Gain/Loss from Continuing Operations -$16.00M -$3.00M $20.00M -$3.00M $3.00M
Depreciation & Depletion & Amortization $612.00M $605.00M $2.31B $594.00M $584.00M
Deferred Tax $511.00M $101.00M $295.00M $550.00M -$206.00M
Other Non-Cash Items $1.14B $238.00M $3.74B $2.44B $1.56B
Change in Working Capital $15.34B $30.08B -$33.08B -$36.14B $34.69B
-Change in Payables and Accrued Expense $27.13B $14.54B $17.32B -$2.92B $10.80B
-Change in Loans $4.23B -$5.76B $4.22B $1.54B -$1.41B
-Change in Other Current Assets -$18.94B $1.07B -$19.58B $4.96B -$5.24B
-Change in Other Working Capital $2.92B $20.23B -$35.03B -$39.71B $30.54B
Net cash flow from investing -$16.76B -$66.45B -$145.16B -$1.17B $1.94B
Net Cash Flow from Continuing Investing Activities -$16.76B -$66.45B -$145.16B -$1.17B $1.94B
Proceeds Payment in Interest Bearing Deposits in Bank -$2.06B $88.00M -$1.10B $738.00M $1.17B
Net Investment Purchase and Sale $30.32B $22.09B $1.40B $11.21B -$4.99B
Net Income from Loans -$13.82B -$20.65B -$95.27B -$20.83B -$20.27B
Net Other Investing Changes -$2.05B -$1.29B -$4.33B -$1.52B -$554.00M
Financing Cash Flow -$24.73B $35.92B $69.95B $10.05B -$67.99B
Net Cash Flow from Continuing Financing Activities -$24.73B $35.92B $69.95B $10.05B -$67.99B
Change in Federal Funds and Securities Sold for Repurchase -$20.80B $8.30B $16.95B $2.13B -$56.87B
Increase/Decrease in Deposit -$12.54B $18.93B $53.26B $16.52B -$9.41B
Net Issuance Payments of Debt $16.97B $21.29B $28.53B -$238.00M $3.30B
Net Common Stock Issuance -$6.01B -$7.24B -$21.43B -$6.31B -$5.30B
Net Preferred Stock Issuance $0.00 -$1.00B $2.82B $0.00 $2.50B
Cash Dividends Paid -$2.33B -$2.63B -$9.56B -$2.36B -$2.45B
Net Other Financing Activities -$26.00M -$1.75B -$613.00M $306.00M $239.00M
Ending Cash Balance $229.75B $242.48B $231.85B $231.85B $246.51B
Net Change in Cash -$12.45B $11.23B -$62.60B -$14.07B -$19.17B
Beginning Cash Balance $242.48B $231.85B $290.11B $246.51B $266.01B
Effect of Exchange Rate Changes -$289.00M -$600.00M $4.33B -$592.00M -$331.00M
Free Cash Flow $29.04B $41.77B $12.61B -$22.95B $46.87B
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