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 +0.24% 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
28.99%
92.62%
-3.21%
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
Q4 Net Income Report: Reported $6.7 billion in net income for Q4, 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, totaling $25.5 billion, with net interest income growing 3% and investment banking revenue soaring 44%.
Wealth Management Growth: Added 24,000 new households in wealth management, ending the year with $6 trillion in total client balances, reflecting strong organic growth and client engagement.
Shareholder Return Increase: Returned $21 billion to shareholders in 2024, a 75% increase from 2023, which included an 8% rise in common dividends and $3.5 billion in share repurchases.
CET1 Ratio Strength: Maintained a strong CET1 ratio of 11.9% with $201 billion in regulatory capital, providing a buffer of nearly 115 basis points above the required minimum, supporting future growth initiatives.
Negative
Net Income Decline: Net income for Q4 was $6.7 billion, which is a decrease from the adjusted $5.9 billion in Q4 2023, indicating a decline in profitability year-over-year.
Rising Non-Interest Expenses: Non-interest expense increased to $16.8 billion, up from the previous year, driven by higher incentives and compliance costs, reflecting rising operational pressures.
Commercial Real Estate Decline: Commercial real estate loans dropped by 8% year-over-year, signaling potential weakness in this segment and concerns about the broader real estate market.
Net Charge-Off Stability: Net charge-offs remained steady at $1.5 billion, with expectations for the net charge-off ratio to remain in the range of 50 to 60 basis points, indicating ongoing credit risk concerns.
CET1 Ratio Improvement: The CET1 ratio improved to 11.9%, but the company faces regulatory pressures that could impact future capital management strategies, limiting flexibility in growth initiatives.
