As of Q4'25, Bank of America ( BAC ) reported Cash & Short-term Investments of USD 963.7B and Debt of USD 365.9B. This marks a significant increase in cash holdings and a notable reduction in debt compared to previous quarters. From Q1'23 to Q4'25, the chart shows that Cash & Short-term Investments for BAC generally trended upward, with a sharp surge from Q2'25 ( USD 653.4B ) to Q4'25 ( USD 963.7B ). Debt levels remained relatively stable until Q2'25, after which there was a dramatic decline from USD 760.8B in Q2'25 to USD 365.9B in Q4'25. This indicates a major shift in the company's balance sheet, with a strengthened liquidity position and reduced leverage toward the end of the period.