Bank of America (Bank of America) Allowance For Loans And Lease Losses : $-13,176.00 Mil (As of Mar. 2024)

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What is Bank of America Allowance For Loans And Lease Losses?

Bank of America's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-13,176.00 Mil.

Bank of America's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 ($-13,242.00 Mil) to Dec. 2023 ($-13,304.00 Mil) but then increased from Dec. 2023 ($-13,304.00 Mil) to Mar. 2024 ($-13,176.00 Mil).

Bank of America's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-12,319.00 Mil) to Dec. 2022 ($-12,630.00 Mil) and declined from Dec. 2022 ($-12,630.00 Mil) to Dec. 2023 ($-13,304.00 Mil).

Bank of America Allowance For Loans And Lease Losses Historical Data

The historical data trend for Bank of America's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank of America Allowance For Loans And Lease Losses Chart

Bank of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-9,257.00

-18,640.00

-12,319.00

-12,630.00

-13,304.00

Bank of America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-12,468.00	-12,902.00	-13,242.00	-13,304.00	-13,176.00

Bank of America Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Bank of America Allowance For Loans And Lease Losses Related Terms

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Bank of America (Bank of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of America Corp (ARCA:MPE) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Address

100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255

Website

https://www.bankofamerica.com

Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.

Executives

Brian T Moynihan	director, officer: Chairman and CEO	FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Warren E Buffett	10 percent owner	3555 FARNAM ST, STE 1440, OMAHA NE 68131
Berkshire Hathaway Inc	10 percent owner	3555 FARNAM STREET, OMAHA NE 68131
Monica C Lozano	director
Maria T Zuber	director	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Thomas D Woods	director	100 NORTH TRYON STREET, CHARLOTTE NC 28255
De Weck Pierre J.p.	director	SAN BASTIAUN 6, 7524 ZUOZ V8 00000
Sharon L. Allen	director	10040 E. HAPPY VALLEY ROAD #276, SCOTTSDALE AZ 85255
Susan S. Bies	director	6 HIGH COUNTRY WAY, LANDRUM SC 29356
Clayton Stuart Rose	director	LOGAN PASS PARTNERS, 420 LEXINGTON AVE STE 1820, NEW YORK NY 10170
Linda P Hudson	director
Michael D White	director	700 ANDERSON HILL ROAD, PURCHASE NY 10577
Bovender Jack O Jr	director	ONE PARK PLAZA, NASHVILLE TN 37203
Frank P Bramble	director
Thomas J May	director	C/O NORTHEAST UTILITIES, ONE FEDERAL STREET, BUILDING 111-4, SPRINGFIELD MA 01105