Footer

    Edwyn
    Edwyn

    Conduct a professional comparative analysis in seconds. Empowering your financial decisions with data-driven insights.

    Subscribe to our newsletter

    The latest financial trends, sent to your inbox weekly.

    Products

    • Stock Comparisons
    • Enterprise Value Tool
    • EDGAR Database

    Guides

    • What is Enterprise Value?
    • How much is my company worth?

    Company

    • About
    • Contact us
    • Register

    Legal

    • Privacy
    • Terms

    © Edwyn, LLC. All rights reserved.

    Edwyn logo

    Edwyn

    Contact usWhat is Enterprise Value?Advanced EV Calculator
    BANK OF AMERICA CORP /DE/ (BAC)
    Add to EV Report
    Compare BAC
    Income
    Balance Sheet
    Edwyn logo

    Edwyn

    Tesla vs GMApple vs MicrosoftNvidia vs AMD
    NVDATSLAAAPL
    EV Demo
    Log in
    Edwyn logo

    Edwyn

    Find Companies
    Find Companies
    EV ReportCompare Stocks
    Companies, tickers…⌘ K
    Try EV demoCompare Stocks
    Log in
    Tesla vs GMApple vs MicrosoftNvidia vs AMD
    EV Demo
    NVDATSLAAAPL
    Log in to save
    Latest price
    $54.45
    0.78%
    Dollar Amounts
    USD (Millions)
    Metric20202021202220232024
    Revenue$85,528$89,113$94,950$98,581$101,887
    Gross Profit$30,315$29,382$33,512$32,736$35,075
    Operating Income$18,995$33,976$30,969$28,342$29,254
    Net Income$17,894$31,978$27,528$26,515$27,132
    Data source10-K10-K10-K10-K10-K
    Showing latest financials
    Data in millions of USD
    Doing some research...

    Commentary on BANK OF AMERICA CORPORATION Performance

    Over the five-year period, Bank of America’s revenue has shown steady growth, increasing from USD 85.5 billion in 2020 to USD 101.9 billion in 2024. This upward trajectory—approximately a 19% increase overall—indicates a resilient market presence. Meanwhile, gross profit figures have been relatively stable, fluctuating modestly between USD 30.3 billion and USD 35.1 billion. The exception in the data is the noticeable jump in operating income and net income from 2020 to 2021, where operating income surged from USD 19.0 billion to USD 33.98 billion and net income rose from USD 17.9 billion to USD 31.98 billion. These increases, which are well above a 20% year-over-year spike, may suggest significant operational improvements or a recovery effect following the challenging economic conditions seen in 2020. Following the pronounced recovery in 2021, there is a slight downward trend in operating income and net income over the subsequent years, with operating income dipping to USD 28.3 billion in 2023 before a modest recovery to USD 29.3 billion in 2024, and net income showing a similar pattern. This symptomatic trend might reflect increased competitive pressures, margin compression, or a return to normalized operating conditions after a period of economic rebound. Overall, the financial health of Bank of America appears robust, supported by consistent revenue growth and a strong recovery in operating profitability post-2020. The sustainability of this performance will likely depend on how effectively the bank manages operational efficiencies and navigates evolving market dynamics in the highly competitive U.S. financial services industry.

    This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.