
BAC · NYSE
Bank of America is a diversified U.S. financial-services company that sells deposit accounts, loans, payments, investment banking, securities trading, asset management and wealth-management services. It makes money primarily through net interest income on lending and investments, plus fees and market-based revenue from capital markets, brokerage, advisory and transaction services. Its customers span consumers, small businesses, corporations, institutional investors and high-net-worth clients. The supplied evidence does not provide a current segment revenue split or customer-count breakdown. BAC reported $113.1 billion of FY2025 revenue and $30.5 billion of net income, up from $105.9 billion and $27.0 billion in FY2024.
Bank of America gained $0.28, or 0.45%, over the supplied week, rising from $62.62 on July 28 to $62.90 on August 4. The move was primarily a recovery from a sharp midweek setback: shares fell 2.5% to $61.07 on July 29, then advanced for three consecutive sessions, including gains of 0.66% on July 30, 0.36% on July 31 and 0.85% on August 3, before adding 0.67% on August 4. The evidence identifies no BAC-specific common-stock announcement driving those reversals. Instead, sentiment reflected a strong backdrop for large banks, with robust sector trading, lending and investment-banking activity and the financial ETF XLF reaching a record high before easing.