Bank of America Corporation

BAC
Sector

Financials

Industry

Banks - Diversified

Market Cap

$360.63B

Employees

213K

Company Overview

Bank of America Corporation is a leading financial holding company offering a wide range of banking, investing, asset management, and risk management products and services to individual consumers, small and medium-sized businesses, institutional investors, large corporations, and governments globally. Its primary revenue streams are net interest income and noninterest income from fees and commissions, investment banking, and global markets activities. The company's competitive advantages include its extensive global network, strong brand recognition, and diversified product offerings.

Filing Highlights

Key insights and themes extracted from this filing

3 Themes

Financial Performance

3 Insights

Net income increased to $7.4 billion for the three months ended March 31, 2025, compared to $6.7 billion for the same period in 2024. This increase was primarily due to higher noninterest income and net interest income, partially offset by higher noninterest expense.

Noninterest income increased $1.1 billion to $12.9 billion for the three months ended March 31, 2025 compared to the same period in 2024. Investment and brokerage services increased $626 million primarily driven by higher asset management fees due to higher average equity market valuations and the impact of positive AUM flows.

Net interest income increased $411 million to $14.4 billion for the three months ended March 31, 2025 compared to the same period in 2024. The increase in net interest income was primarily driven by lower deposit costs, higher net interest income related to Global Markets activity and fixed-rate asset repricing.

Capital Allocation

2 Insights

Risk Factors

3 Insights