Earnings Summary

Bank Of America Corp.’s revenue fell -5.42% since last year same period to $23803Mn in the Q3 2024. On a quarterly growth basis, Bank Of America Corp. has generated -6.2% fall in its revenue since last 3-months.

Bank Of America Corp.’s net profit fell -11.61% since last year same period to $6896Mn in the Q3 2024. On a quarterly growth basis, Bank Of America Corp. has generated -0.01% fall in its net profits since last 3-months.

Bank Of America Corp.’s net profit margin fell -6.55% since last year same period to 28.97% in the Q3 2024. On a quarterly growth basis, Bank Of America Corp. has generated 6.6% jump in its net profit margins since last 3-months.

Bank Of America Corp.’s price-to-earnings ratio after this Q3 2024 earnings stands at 15.43.

Bank Of America Corp.’s earning per share (EPS) estimates for the current quarter stand at 0.79 - a 2.6% jump from last quarter’s estimates.

Bank Of America Corp.’s earning per share (EPS) estimates for the current year stand at 0.79.

Bank Of America Corp.’s earning per share (EPS) fell -10% since last year same period to 0.81 in the Q3 2024. This indicates that the Bank Of America Corp. has generated -10% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Bank Of America Corp.’s return on assets (ROA) stands at 0.01.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Bank Of America Corp.’s return on equity (ROE) stands at 0.08.

Bank Of America Corp. declared 0.26 dividend per share during the earnings announcement for Q3 2024.