Other operating expenses
Bank of America Other operating expenses decreased by 0.3% to $867.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 2.6%, from $890.00M to $867.00M. Over 2 years (FY 2021 to FY 2023), Other operating expenses shows an upward trend with a 38.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests unexpected operational costs or one-time charges that may negatively impact operating margins.
Detailed definition
Other operating expenses capture miscellaneous costs incurred during the normal course of business that are not categori...
Peer comparison
Varies widely by company based on accounting policies and the frequency of non-recurring events.
other_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $973.00M | $778.00M | $565.00M | $757.00M | $1.17B | $1.17B | $925.00M | $939.00M | $1.22B | $890.00M | $2.90B | $1.58B | $870.00M | $867.00M |
| QoQ Change | — | -20.0% | -27.4% | +34.0% | +54.3% | +0.3% | -21.0% | +1.5% | +30.0% | -27.1% | +225.8% | -45.6% | -44.8% | -0.3% |
| YoY Change | — | — | — | — | +20.0% | +50.5% | +63.7% | +24.0% | +4.5% | -24.0% | +213.5% | +67.9% | -28.7% | -2.6% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Consumer Banking | $870.00M | $867.00M | $3.93B | $4.14B | $3.94B | $4.05B | $4.51B | $4.25B |
| Global Markets | $870.00M | $867.00M | $2.67B | $2.76B | $2.86B | $2.91B | $2.96B | $3.21B |
| Global Banking | $870.00M | $867.00M | $1.92B | $1.99B | $1.98B | $1.92B | $1.85B | $2.01B |
| Global Wealth & Investment Management | $870.00M | $867.00M | $1.59B | $1.63B | $1.63B | $1.65B | $1.65B | $1.68B |
| Global Wealth And Investment Management | -$592.00M | -$1.02B | $2.91B | $805.00M | -$829.00M | -$685.00M | $2.29B | $341.00M |
| Total | $870.00M | $867.00M | — | — | — | — | — | — |
Consumer Banking, Global Banking, Global Markets, Global Wealth & Investment Management were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Other operating expenses at Other Companies
Frequently Asked Questions
- What is Bank of America's other operating expenses?
- Bank of America (BAC) reported other operating expenses of $867.00M in Q3 2024.
- How has Bank of America's other operating expenses changed year-over-year?
- Bank of America's other operating expenses decreased by 2.6% year-over-year, from $890.00M to $867.00M.
- What is the long-term trend for Bank of America's other operating expenses?
- Over 2 years (2021 to 2023), Bank of America's other operating expenses has grown at a 38.8% compound annual growth rate (CAGR), from $3.09B to $5.95B.
- What does other operating expenses mean?
- Miscellaneous operational costs that do not fit into standard expense categories like R&D or marketing.