RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE

Bank of America Net Income 2024

Bank of America Net Income

25.03 B USD

Bank of America Dividend yield

2.43 %

Ticker

BAC

ISIN

US0605051046

WKN

858388

In 2024, Bank of America's profit amounted to 25.03 B USD, a 0.65% increase from the 24.87 B USD profit recorded in the previous year.

The Bank of America Net Income history

YEARNET INCOME (undefined USD)
2029e29.97
2028e28.85
2027e27.1
2026e30.76
2025e27.4
2024e25.03
202324.87
202226.02
202130.56
202016.47
201926
201826.7
201716.62
201616.14
201514.43
20144.48
201310.08
20122.76
20110.08
2010-3.6
2009-2.21
20082.49
200714.69
200621.11
200516.45
200413.93

Bank of America Aktienanalyse

What does Bank of America do?

Bank of America Corp is an American multinational bank holding company headquartered in Charlotte, North Carolina. It is one of the largest banks in the world and offers a wide range of financial services and products to individuals, businesses, and institutions. The history of Bank of America dates back to 1904 when it was founded as the Bank of Italy in San Francisco. In 1928, it became known as Bank of America and quickly began to expand. In the 1950s and 60s, it was one of the first banks to offer credit cards and eventually merged with numerous other banks both domestically and internationally. As a result, it now has a presence in nearly every country in the world. Bank of America's business model includes various segments, including retail banking, commercial banking, wealth management, and investment banking. In retail banking, it offers checking accounts, savings accounts, credit cards, mortgages, auto loans, and various other financial products for individual customers. In commercial banking, the bank provides financing solutions and services to small and medium-sized businesses, institutions, and government agencies. Bank of America's wealth and investment management division offers a wide range of advisory and asset management services to high-net-worth individuals and institutional clients. For example, the bank offers a wide selection of investment funds, asset management services, and consulting services. Bank of America is also a major player in investment banking, where it assists companies with mergers and acquisitions, capital raising, and the placement of bonds and stocks in global markets. Bank of America is a leading global investment bank and has completed numerous landmark deals in recent years. Overall, Bank of America offers a wide range of products and services through its various business segments and branches to meet the financial needs of its customers. The bank also offers online banking and mobile banking services and actively promotes social and environmental responsibility. In summary, Bank of America Corp is one of the largest banks in the world, offering a wide range of financial services and products to individual customers, businesses, and institutions. Its business model includes retail banking, commercial banking, wealth management, and investment banking. Bank of America is a key player in investment banking and has completed numerous landmark deals in recent years. Branches and online banking are integral parts of its offering. Bank of America ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Net Income Details

Understanding Bank of America's Profit Margins

The profit margins of Bank of America represent the net income earned after deducting all operational expenses, costs, and taxes from the revenue. This figure is a clear indicator of Bank of America's financial health, operational efficiency, and profitability. Higher profit margins signify better cost management and income generation capabilities.

Year-to-Year Comparison

Evaluating Bank of America's profit on a yearly basis can offer significant insights into its financial growth, stability, and trends. A consistent increase in profit suggests improved operational efficiency, cost management, or increased revenue, while a decrease may indicate rising costs, declining sales, or operational challenges.

Impact on Investments

Bank of America's profit figures are critical for investors who are aiming to understand the company's financial standing and future growth prospects. Increased profits often lead to higher stock valuations, boosting investor confidence and attracting more investments.

Interpreting Profit Fluctuations

When Bank of America’s profit increases, it often indicates enhanced operational efficiency or increased sales. In contrast, a decline in profit can signal operational inefficiencies, increased costs, or competitive pressures, necessitating strategic interventions to boost profitability.

Frequently Asked Questions about Bank of America Stock

How much profit has Bank of America made this year?

Bank of America has made 25.03 B USD this year.

How has the profit developed compared to last year?

The profit has increased by 0.65% compared to last year increased

What impact do the earnings have on the shareholders?

An increase in earnings is usually seen as a positive indicator for shareholders as it means that the company is generating profits.

How does Bank of America publish its earnings?

Bank of America publishes its earnings in the form of quarterly or annual reports.

Which financial indicators are included in the quarterly or annual reports?

The quarterly or annual reports contain information about sales and profit, cash flow, balance sheet, and other fundamentals.

Why is it important for investors to know the earnings of Bank of America?

The profits of Bank of America are an important indicator of the financial health of the company and can help investors decide whether they want to invest in the company or not.

How can one learn more about the earnings of Bank of America?

You can learn more about the earnings of Bank of America by reviewing the quarterly or annual reports or following the company presentations.

How much dividend does Bank of America pay?

Over the past 12 months, Bank of America paid a dividend of 0.92 USD . This corresponds to a dividend yield of about 2.43 %. For the coming 12 months, Bank of America is expected to pay a dividend of 0.98 USD.

What is the dividend yield of Bank of America?

The current dividend yield of Bank of America is 2.43 %.

When does Bank of America pay dividends?

Bank of America pays a quarterly dividend. This is distributed in the months of July, September, December, March.

How secure is the dividend of Bank of America?

Bank of America paid dividends every year for the past 26 years.

What is the dividend of Bank of America?

For the upcoming 12 months, dividends amounting to 0.98 USD are expected. This corresponds to a dividend yield of 2.6 %.

In which sector is Bank of America located?

Bank of America is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Bank of America kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Bank of America from 3/29/2024 amounting to 0.24 USD, you needed to have the stock in your portfolio before the ex-date on 2/29/2024.

When did Bank of America pay the last dividend?

The last dividend was paid out on 3/29/2024.

What was the dividend of Bank of America in the year 2023?

In the year 2023, Bank of America distributed 0.86 USD as dividends.

In which currency does Bank of America pay out the dividend?

The dividends of Bank of America are distributed in USD.

Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.

The Bank of America stock can be added to a savings plan with the following providers: Trade Republic, Scalable Capital and Consorsbank

Andere Kennzahlen von Bank of America

Our stock analysis for Bank of America Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Bank of America Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.