Bank of America
Combines U.S. consumer banking, Merrill wealth management, corporate banking and global markets.
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Profile
Combines U.S. consumer and small-business banking with Merrill wealth management, corporate and investment banking, and global markets. Revenue spans net interest income, asset-management and transaction fees, and trading, while results depend on credit conditions, market activity and banking regulation.
Provides deposits, cards, mortgages and other lending to consumers and small businesses through Consumer Banking's nationwide branch and digital network. Global Wealth & Investment Management serves clients through Merrill and Bank of America Private Bank, combining brokerage, investment management, banking and trust services.
Global Banking delivers commercial and corporate lending, treasury services, advisory and securities underwriting. Global Markets provides institutional sales and trading, market-making, financing, clearing and research across fixed income, currencies, commodities and equities. Retail banking is U.S.-centered, while institutional operations span major international markets.
A large consumer deposit base supports lending, while wealth, investment-banking and markets fees diversify revenue beyond net interest income. That mix connects household, wealth and corporate relationships. Results remain tied to interest rates, borrower credit, market activity, and bank capital, liquidity and conduct regulation.
Company facts
Key statistics
Year to date +11.4% · Average volume (30d) 29.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 3, 2026 | UBS | Reiterate | Buy | $68 | $70 |
| Jul 15, 2026 | Truist Financial | Target | $64 | $65 | |
| Jul 15, 2026 | Argus Research | Target | $47 | $70 | |
| Jul 15, 2026 | RBC Capital | Reiterate | Outperform | $53 | $65 |
| Jul 15, 2026 | Robert W. Baird | Target | $50 | $62 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 14, 2026Q2 FY26 | $1.13 | $1.21 | +7.1% | $30.78B | $31.56B | +2.5% | +1.60% |
| Apr 15, 2026Q1 FY26 | $1.01 | $1.11 | +9.9% | $29.95B | $30.27B | +1.1% | −1.49% |
| Jan 14, 2026Q4 FY25 | $0.96 | $0.98 | +2.3% | $27.76B | $28.37B | +2.2% | +0.17% |
| Oct 15, 2025Q3 FY25 | $0.95 | $1.06 | +11.3% | $27.52B | $28.09B | +2.1% | −3.52% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $46.99B | $46.67B | $48.22B | $49.69B | $47.89B | $49.39B | |
| Gross profit | $25.89B | $24.87B | $26.79B | $29.87B | $28.94B | $30.19B | |
| Operating income | $8.12B | $7.69B | $9.46B | $12.44B | $10.40B | $11.57B | |
| Net income | $7.40B | $7.12B | $8.47B | $7.53B | $8.58B | $9.07B | |
| Diluted EPS | $0.90 | $0.89 | $1.06 | $0.97 | $1.11 | $1.20 | |
| Gross margin | 55.1% | 53.3% | 55.6% | 60.1% | 60.4% | 61.1% | |
| Operating margin | 17.3% | 16.5% | 19.6% | 25.0% | 21.7% | 23.4% |
Fiscal years (4-quarter sums)FY21 $93.85B · FY22 $115.05B · FY23 $171.91B · FY24 $192.43B · FY25 $191.57B
Revenue by product · Q1 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $28.62B · Total debt $732.06B · Total assets $3.50T · Shareholders' equity $301.09B
Dividends
Raised for 16 straight years — most recently to $0.28 from $0.26 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jun 26 | $0.28 | |
| Mar 6, 2026 | Mar 6 | Mar 27 | $0.28 | |
| Dec 5, 2025 | Dec 5 | Dec 26 | $0.28 | |
| Sep 5, 2025 | Sep 5 | Sep 26 | $0.28 | raised from $0.26 |
| Jun 6, 2025 | Jun 6 | Jun 27 | $0.26 | |
| Mar 7, 2025 | Mar 7 | Mar 28 | $0.26 | |
| Dec 6, 2024 | Dec 6 | Dec 27 | $0.26 | |
| Sep 6, 2024 | Sep 6 | Sep 27 | $0.26 | raised from $0.24 |
Ownership
Shares outstanding 7.10B · Float 7.08B · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Warren E. Buffett | 568.07M | 7.80% | 13G | Nov 14, 2025 |
| BlackRock, Inc. | 545.68M | 7.69% | 13F | Aug 7, 2026 |
| Berkshire Hathaway Inc | 483.39M | 6.81% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 421.83M | 5.94% | 13F | Aug 13, 2026 |
| State Street Corp | 299.78M | 4.22% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 5, 2026 | Geoffrey S. Greener | officer: Chief Risk Officer | −126,756 | $53.01 |
| Mar 12, 2026 | Bernard A. Mensah | officer: President, International | −94,000 | $46.94 |
| Mar 5, 2026 | Sheri B. Bronstein | officer: Chief People Officer | −60,000 | $49.91 |
| Mar 4, 2026 | James P. DeMare | officer: Co-President | −83,832 | $50.00 |
| Mar 5, 2026 | Thomas M. Scrivener | officer: Chief Operations Executive | −50,000 | $49.82 |
Peers
- JPMorgan Chase
Largest U.S. bank across all four BAC segments with dominant market-share leads.
- Wells Fargo
Third-largest U.S. bank; deep overlap in consumer deposits, mortgages, and commercial lending.
- Citi
Global universal bank with dominant cross-border payments, markets, and cards franchises.
- Morgan Stanley
Wealth management and equities trading rival; Merrill Lynch's closest peer by AUM scale.
- Goldman Sachs
#1 M&A advisor and top FICC/equities dealer competing with BofA Securities globally.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bank of America | $62.30 | −0.04% | $442.26B | 14.4 | 12.7 | 2.3 | +19.3% |
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| Wells Fargo | $86.69 | +0.01% | $262.12B | 12.5 | 11.6 | 2.0 | +8.6% |
| Citi | $132.62 | −0.19% | $227.81B | 14.3 | 11.4 | 1.3 | +14.3% |
| Morgan Stanley | $214.50 | −0.13% | $338.75B | 17.5 | 16.3 | 2.7 | +36.8% |
| Goldman Sachs | $1,033.62 | +0.05% | $305.03B | 16.0 | 14.8 | 2.6 | +39.5% |
| Median | 15.4 | 14.8 | 2.6 | +27.8% |