Bank of America (BAC) 2023 Q4 Earnings Review

DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.

BAC 10Qs & 10Ks live in a different time zone

by Yimin Xu

For some non-obvious reason, financial stocks tend to submit their quarterly cash flow statements weeks after their earnings report. I try to write up the earnings reviews as soon as the 10Q/Ks become available.

Simply put, a terrible quarter

We will cut to the chase. This was simply a quarter to forget for Bank of America.