BAC Bank of America Corp
FY2024 10-K
Bank of America Corp (BAC) filed its fiscal year 2024 10-K annual report with the SEC on Feb 25, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business: Diversified financial services including banking, trading, wealth management, and capital markets operations
- • No new products or segments introduced; focus remains on managing market, liquidity, and credit risks amid macroeconomic uncertainty
Management Discussion & Analysis
- • Revenue $97B, down 3% YoY compared to $100B last fiscal year
- • Net income $30B with operating margin 31.0% vs 30.3% prior year
Risk Factors
- • Regulatory risk from qualitative goodwill impairment test as of June 30, 2024, based on macroeconomic conditions and reporting unit performance
- • Macroeconomic exposure reflected in $69.0B total goodwill across all reporting segments as of December 31, 2024
Financial SummaryXBRL
Revenue
$101.9B
Net Income
$27.1B
Net Margin
26.6%
ROE
9.2%
Total Assets
$3.26T
EPS (Diluted)
$3.21
Operating Cash Flow
-$8.8B
Source: XBRL data from Bank of America Corp FY2024 10-K filing on SEC EDGAR. All figures in USD.
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