NYSE$BAC
Bank of America Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Bank of America reported a decrease in net income and revenue, driven by lower net interest income, while investment banking and asset management fees increased.
Bank of America's Q1 2024 net income was $6.7 billion, or $0.76 per diluted share, compared to $8.2 billion, or $0.94 per diluted share in Q1 2023. Revenue decreased by 2% to $25.8 billion, impacted by lower net interest income. The results include a $700 million FDIC special assessment expense.
- Net income was $6.7 billion, with diluted earnings per share of $0.76.
- Revenue decreased by 2% to $25.8 billion, influenced by lower net interest income.
- Net interest income decreased by 3% to $14.0 billion due to higher deposit costs.
- The company returned $4.4 billion to shareholders through dividends and share repurchases.
Headline financials
Revenue & EPS history
Bank of America · Revenue · Quarterly
$25.8B
Revenue by segment
Bank of America · $26.9B total across 4 segments · Q3 2023
- Consumer Banking$10.5B+5.7%38.9%
- Global Banking$6.2B+10.9%23.0%
- Wealth & Investment Mgmt$5.32B-2.0%19.8%
- Global Markets$4.94B+10.2%18.3%
Forward guidance
The earnings report did not include forward guidance. Therefore, no information is available regarding the company's expectations for future performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.4%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+3.9%
Avg return
30 days after
56%
41 / 73 earnings
Positive
+10.0%
Q3 2022
Best reaction
-14.4%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | +1.1% | -6.7% | |
| Q4 2025 | -3.5% | +1.1% | -6.7% | |
| Q3 2025 | +4.2% | +3.9% | +5.0% | |
| Q2 2025 | +1.0% | +1.8% | +7.1% | |
| Q1 2025 | +3.6% | +2.0% | +21.0% | |
| Q4 2024 | -1.2% | -0.9% | -0.3% | |
| Q3 2024 | +2.1% | +1.0% | +9.5% | |
| Q2 2024 | +5.0% | +2.4% | -6.8% | |
| Q1 2024 | -2.0% | +2.8% | +9.1% | |
| Q4 2023 | -3.1% | +1.3% | +11.5% | |
| Q3 2023 | +1.2% | -2.5% | +9.4% | |
| Q2 2023 | +7.2% | +8.8% | -0.4% | |
| Q1 2023 | -1.0% | -1.6% | -6.3% | |
| Q4 2022 | +0.1% | -2.2% | +3.2% | |
| Q3 2022 | +10.0% | +10.3% | +17.9% | |
| Q2 2022 | +3.4% | +3.7% | +12.9% | |
| Q1 2022 | +5.3% | -0.0% | -7.2% | |
| Q4 2021 | -1.1% | -3.7% | -0.6% | |
| Q3 2021 | +7.5% | +7.7% | +8.7% | |
| Q2 2021 | -2.6% | -7.4% | +4.4% | |
| Q1 2021 | -1.8% | -4.5% | +6.2% | |
| Q4 2020 | -2.0% | -4.4% | +3.6% | |
| Q3 2020 | -3.2% | -4.9% | +8.2% | |
| Q2 2020 | -5.6% | -0.7% | +7.6% | |
| Q1 2020 | -9.7% | -5.2% | -9.7% | |
| Q4 2019 | -1.7% | -1.7% | -1.3% | |
| Q3 2019 | +1.8% | +4.3% | +10.8% | |
| Q2 2019 | +1.7% | +2.0% | -6.8% | |
| Q1 2019 | +0.6% | +0.6% | -4.2% | |
| Q4 2018 | +9.2% | +10.4% | +9.6% | |
| Q3 2018 | +0.2% | -0.5% | -4.4% | |
| Q2 2018 | +5.1% | +5.5% | +6.3% | |
| Q1 2018 | +0.8% | +1.5% | +4.2% | |
| Q4 2017 | +0.8% | +2.2% | +2.3% | |
| Q3 2017 | +3.1% | +4.0% | +4.2% | |
| Q2 2017 | +0.2% | -0.9% | -1.6% | |
| Q1 2017 | -0.3% | -0.4% | -0.3% | |
| Q4 2016 | -3.8% | -1.3% | +0.7% | |
| Q3 2016 | +1.6% | +4.2% | +23.4% | |
| Q2 2016 | +4.4% | +5.3% | +10.9% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | -5.3% | — | — | |
| Q3 2015 | +4.3% | — | — | |
| Q2 2015 | +4.8% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | -4.1% | — | — | |
| Q3 2014 | -2.7% | — | — | |
| Q2 2014 | -3.9% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | +2.9% | — | — | |
| Q2 2013 | +6.0% | — | — | |
| Q1 2013 | -6.8% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q4 2012 | -5.4% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | -8.3% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q3 2011 | -3.4% | — | — | |
| Q2 2011 | -14.4% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q4 2010 | +2.3% | — | — | |
| Q4 2007 | +2.3% | — | — | |
| Q3 2010 | +3.9% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q4 2008 | -0.8% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q1 2009 | +6.3% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q3 2009 | +4.2% | — | — | |
| Q3 2008 | +4.2% | — | — | |
| Q2 2009 | -0.1% | — | — | |
| Q2 2008 | -0.1% | — | — |
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