Similar companies
| Company | Revenue | |
|---|---|---|
 |
JP Morgan Chase & Co.JPM |
68.9B 61.1% |
Income Statement (NONE)
| Q1 '25 | QoQ | |
|---|---|---|
| Revenue | 47B | 85.4% |
| Gross Profit | 27.4B | 8% |
| Cost of Revenue | 19.6B | 58.2% |
| Operating expense | 17.8B | 2.6% |
| Net Income | 7.4B | 11% |
| EBITDA | 27.7B | 290.3% |
Balance Sheet (NONE)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 3,349B | 2.7% |
| Total Liabilities | 3,054B | 3% |
| Total Equity | 296B | 0% |
| Shares Outstanding | 7.77B | 0.9% |
Cash Flow (NONE)
| Q1 '25 | QoQ |
|---|
EPS
Financial Highlights for Bank of America in Q1 '25
Bank of America reported a revenue of 47B, which is a 85.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 27.4B, marking a 8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 19.6B, a -58.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 17.8B, showing a -2.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 7.4B, showing a 11% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 27.7B, showing a 290.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Bank of America with growth in revenue, gross profit, and net income.
