Bank Of America (BACRP) Service Charges (2009 - 2022)
Bank Of America's (BACRP) quarterly Service Charges came in at $809.0 million in Q3 2022, little changed year-over-year from $806.0 million in Q3 2021, and down 14.3% quarter-over-quarter from $944.0 million in Q2 2022.
Analysis
Bank Of America (BACRP) Service Charges (2009 - 2022) Analysis & Trends
Bank Of America has disclosed Service Charges across 14 years of filings, most recently posting $809.0 million for Q3 2022.
- In Q3 2022, Service Charges changed 0.37% year-over-year to $809.0 million; the TTM figure through Sep 2022 stood at $3.2 billion (down 24.54% YoY), while the FY2021 annual figure was $3.8 billion, down 29.93% from the prior year.
- Service Charges came in at $809.0 million for Q3 2022 at Bank Of America, down from $944.0 million in the prior quarter.
- In the past five years, Service Charges ranged from a high of $2.0 billion in Q3 2018 to a low of -$434.0 million in Q4 2018.
- Average Service Charges over 5 years is $1.2 billion, with a median of $1.3 billion recorded in 2020.
- Year-over-year, Service Charges tumbled 122.2% in 2018 and jumped 407.83% in 2019.
- Over 5 years, Service Charges stood at -$434.0 million in 2018, then jumped by 407.83% to $1.3 billion in 2019, then fell by 8.01% to $1.2 billion in 2020, then slumped by 39.46% to $744.0 million in 2021, then advanced by 8.74% to $809.0 million in 2022.
- Per Business Quant data, the three most recent Service Charges figures were $809.0 million in Q3 2022, $944.0 million in Q2 2022, and $734.0 million in Q1 2022.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bank Of America | 2,145.36 Bn | 1,556.87 Bn | 30.39 Bn |
| 2 | Morgan Stanley | 335.04 Bn | 174.91 Bn | - |
| 3 | Goldman Sachs | 309.52 Bn | -666.83 Bn | - |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn |
| 5 | Royal Bank Of Canada | 291.83 Bn | 64.95 Bn | - |
| 6 | Wells Fargo & Company | 273.52 Bn | 69.55 Bn | - |
| 7 | American Express | 218.84 Bn | 169.53 Bn | 17.99 Bn |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn |
| 9 | Toronto Dominion Bank | 205.93 Bn | 44.60 Bn | - |
| 10 | Schwab Charles | 185.39 Bn | 111.80 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2022 | 809.00 Mn |
| Jun 30, 2022 | 944.00 Mn |
| Mar 31, 2022 | 734.00 Mn |
| Dec 31, 2021 | 744.00 Mn |
| Sep 30, 2021 | 806.00 Mn |
| Jun 30, 2021 | 1.06 Bn |
| Mar 31, 2021 | 1.19 Bn |
| Dec 31, 2020 | 1.23 Bn |
| Sep 30, 2020 | 1.29 Bn |
| Jun 30, 2020 | 1.46 Bn |
| Mar 31, 2020 | 1.44 Bn |
| Dec 31, 2019 | 1.34 Bn |
| Sep 30, 2019 | 1.51 Bn |
| Jun 30, 2019 | 1.46 Bn |
| Mar 31, 2019 | 1.34 Bn |
| Dec 31, 2018 | -434.00 Mn |
| Sep 30, 2018 | 1.96 Bn |
| Jun 30, 2018 | 1.95 Bn |
| Mar 31, 2018 | 1.92 Bn |
| Dec 31, 2017 | 1.96 Bn |