BAC Earnings Prediction
The chart below shows how BAC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BAC sees a -4.15% change in stock price 10 days leading up to the earnings, and a +0.07% change 10 days following the report. On the earnings day itself, the stock moves by +1.60%. This data can give you a slight idea of what to expect for the next quarter's release.
BAC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
24.52B
15.27%
-0.24%
Gross Margin
--
--
--
Operating Margin
33.38%
33.95%
11.45%
Net Margin
27.18%
83.90%
-3.14%
EPS
0.82
134.29%
1.23%
No Data Available
BAC Earnings Analysis
Bank of America Corp Corporation (BAC.N) Earnings Conference Call
Positive
Strong Q4 Net Income: Reported $6.7 billion in net income for Q4 2024, translating to $0.82 EPS, marking a solid finish to the year with a full-year net income of $27.1 billion and EPS of $3.21.
Q4 Revenue Surge: Achieved a 15% year-over-year increase in revenue for Q4 2024, totaling $25.5 billion, with net interest income (NII) growing 3% and investment banking revenue soaring 44%.
Deposit Growth Momentum: Deposits grew by $35 billion in Q4 2024, marking six consecutive quarters of deposit growth, with consumer balances stabilizing and non-interest-bearing balances showing resilience.
Shareholder Capital Return Increase: Returned $21 billion of capital to shareholders in 2024, a 75% increase from 2023, which included an 8% rise in common dividends and $3.5 billion in share repurchases in Q4 alone.
Wealth Management Expansion: Added 24,000 new households in the wealth management segment, ending the year with $6 trillion in total client balances, reflecting strong organic growth and a 15% increase in net income from the previous year.
Negative
Net Income Decline: Net income for Q4 was $6.7 billion, a decrease from $7.1 billion in Q4 2023, indicating a year-over-year decline despite a strong revenue performance.
Rising Non-Interest Expenses: Non-interest expense rose to $16.8 billion, up from $15.5 billion in Q4 2023, driven by increased incentives and compliance costs, reflecting a 8% year-over-year increase.
Commercial Real Estate Decline: Commercial real estate loans dropped by 8% year-over-year, signaling potential weakness in this segment and raising concerns about future loan growth.
Stable Net Charge-Offs: Net charge-offs remained stable at $1.5 billion, with a charge-off ratio of 54 basis points, indicating ongoing credit risk despite a benign credit environment.
CET1 Ratio Improvement: The CET1 ratio improved to 11.9%, but the increase in risk-weighted assets due to loan growth suggests potential pressure on capital ratios moving forward.
