BofA Soars After Smashing Expectations, Reports Blowout Trading Revenue And Net Interest Income
With the big banks Q3 earnings reports coming to a gradual end after Friday's barrage, which saw solid results by JPM, medicore earnings by Citi and Wells, and an unexpected miss by Morgan Stanley, this morning we got the latest numbers from Bank of America which were solid, not only beating on the top and bottom line - with both FICC and equity revenue coming above expectations - but also reporting zero trading day losses in 2022. Only Goldman is now left tomorrow.
So what did Morgan Stanley report? Starting at the top, here are the Q3 results:
Revenue net of interest expense $24.50 billion, beating the exp. $23.57 billion
Net income of $7.1 billion, or 81 cents per share, coming in ahead of analyst expectations of exp. 77c
Highest net interest income in at least a decade as the lender reaps the benefits of the Federal Reserve’s interest-rate hikes, and debt traders beat analysts’ estimates.
The first thing to note, of course, is that like JPM and all the other banks, BofA took a substantial provision for credit losses, amounting to $898 million, above the $766 million analysts expected and the most since Q3 2020; on the other hand, net charge-offs of $520 million actually declined by $21 million from Q2 2022, and came in below expectations, indicative of still-strong consumers and businesses. Some more details:
Consumer net charge-offs of $459MM decreased $66MM from 2Q22, primarily driven by the absence of charge-offs associated with non-core mortgage sales
Commercial net charge-offs of $61MM remained low
Net charge-off ratio of 0.20% decreased 3 bps from 2Q22; net charge-off ratio remained near historical lows
As for the credit loss provision of $898MM, this was the result of a net reserve build of $378MM in 3Q22, "primarily driven by credit card loan growth and a dampening macroeconomic outlook."
BofA's total allowance for loan and lease losses of $12.3BN represented 1.20% of total loans and leases; the total allowance of 13.8BN included $1.5B for unfunded commitments. The silver lining: nonperforming loans (NPLs) decreased $0.2B from 2Q22 to $4.0BN.
Turning to BofA's net interest income - a huge source of revenue for the firm - it jumped 24% to $13.87 billion, the bank's highest net interest income in at least a decade, as the lender reaps the benefits of the Federal Reserve’s interest-rate hikes...
... driven by higher rates and loan growth, CFO Borthwick said. Net interest yield improved 38 basis points from a year earlier, with 20 basis points of that improvement occurring in the third quarter of this year alone. Notably, BofA also expects Q4 NII to rise by "at least" another $1.25 billion more than in the third quarter, or roughly $15.1 billion.
Some context: BofA's NII growth of 24% versus the third quarter last year might have been less than growth of more than one-third at JPMorgan and Wells Fargo. But the extra $2.7 billion in NII that Bank of America earned more than compensated for the fall in non-interest revenue and the big negative swing in loan loss provisions that all banks reported.
And looking ahead, the bank said on the earnings call that it expects Q4 NII to be at least $1.25BN more than Q3, rising to just over $15BN.
On the other hand, non-interest income fell 8% to $10.7 billion, driven by lower investment-banking and asset-management fees and lower service charges; yet as we note below, it mostly beat expectations across the board.
Consumer banking revenues came in at $9.9 billion - a 12% increase from a year ago - which the bank says is mostly due to the jump in net interest income. Revenue was $200 million higher than analysts were anticipating. Deposits were up 7% and exceeded $1 trillion for the fifth straight quarter. And loans were also up a whopping 5%.
It does warn that that was offset by “the impact of reduced customer non-sufficient funds and overdraft fees.”
And speaking of "strong consumers", on the earnings call, CEO Brian Moynihan gave another upbeat summary of the state of the US consumer (by which we assume he means those in the 10% who are still spending as opposed to the 90% who are now maxing out their credit cards to make ends meet): "First, consumers continue to spend at strong levels. Second, customer average deposit levels for September 2022 remain at multiples of the pre-pandemic levels. You can see that in the lower right. Third, there's plenty of capacity for borrowing."
Digging into that credit card business a little more: The firm added 1.25 million new accounts in the quarter, that’s the most of any quarter in at least the last year. But it doesn’t look like they’re widening their credit underwriting standards in any meaningful way here -- here are some crazy stats from BofA:
the average FICO score on consumer credit cards is 770;
the average FICO score on auto loans is 789.
the average FICO score on new mortgages is 768.
the average FICO score on home equity lines is 792!
Bank of America also gives a really interesting metric for cards called “risk-adjusted margin” -- that’s basically a measure of profitability that takes into account how much risk you’re taking on for every dollar of revenue. That’s down to 10.07% compared to a year ago (though it’s up slightly from the 9.95% at the end of the second quarter).
The firm’s credit card offerings give some interesting insight into the health of the US consumer right now. As Bloomberg notes, spending on cards soared 13%, and the average outstanding balances were also up 12.4%. For the past few years, banks have complained about higher payment rates on their cards, since customers were flush with cash following trillions of pandemic-induced stimulus packages. It’ll be interesting to hear today if they’re finally starting to see those payment rates come back down.
Bank of America also gives a really interesting metric for cards called “risk-adjusted margin” -- that’s basically a measure of profitability that takes into account how much risk you’re taking on for every dollar of revenue. That’s down to 10.07% compared to a year ago (though it’s up slightly from the 9.95% at the end of the second quarter).
BofA also saod that spending on travel and entertainment jumped 20%, so it sounds like the recent high levels of inflation haven’t dampened consumer demand too much. Still, it also looks like spending on gas was up a whopping 23% while food outlays were up 10%.
Here’s another interesting look at the health of the US consumer. BofA says that for those folks who had $2,000 in their bank accounts before the pandemic, they’re still sitting on balances that are five times higher. For folks who had $2,000 to $10,000 in their accounts before the pandemic, they’re now sitting on balances that are three times higher.
All that’s to say, consumers are still pretty flush with cash. That should mean they’re able to handle any downturns in the economy a little more easily than they otherwise would have.
Here are some more observations from Bloomberg:
Banks seem to be having a Goldilocks moment with their credit card portfolios. Spending is up (partly due to inflation and partly due to the fact that consumers are still embracing travel and dining out as the pandemic continues to recede), and that means the fees they collect from merchants each time a customer swipes their cards are also up.
Customers are also finally borrowing again after spending the past few years diligently paying off balances. That comes just as the Fed is raising interest rates, bolstering the net interest income these banks collect. But because folks are still sitting on so much cash, delinquencies remain freakishly low. This is one of banks’ most profitable businesses, so I’m sure this will get lots of attention from investors on today’s call.
Moynihan also made some other optimistic comments: “We continued to see strong organic client growth across our businesses, with increased client activity helping to drive revenue up by 8%. Our US consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts. Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”
And indeed, whereas total loans and leases grew by 12% Y/Y...
... the bank's deposits continue to shrink, down materially Q/Q, and up just 1% Y/Y, after peaking in Q1 2022, driven as usual by the liquidity injections of the Fed. No surprise that as QT has drained the system, that deposits have shrunk and banks have been forced to replace this declining funding with in-house loans and leases.
Turning to non-interest income, we find impressive results in the bank's global markets division where both equity and FICC trading beat expectations (in the case of FICC it even rose materially Y/Y) while investment banking was inline with expectations"
FICC trading revenue excluding DVA $2.57 billion, +27% y/y, beating the estimate $2.27 billion
Equities trading revenue excluding DVA $1.54 billion, -4.4% y/y, beating the estimate $1.53 billion
On the fixed income side of the house, here’s what BofA has to say about the much better-than-expected performance. It was “driven by improved performance across all macro products, partially offset by a weaker trading performance for credit and mortgage products."
Meanwhile, equities, which was down less than expected, was driven by “lower client activity in Asia and a weaker trading performance in cash, partially offset by increased client activity in derivatives.”
And something remarkable: the bank reported that in Q3 it suffered zero trading day losses, an amazin achievement for a quarter where most people could not make any money!
Moving onto investment banking: Advisory fees came in at $432 million, that’s slightly better than the $409 million folks were expecting (though still down a bit from a year ago). There was another beat in the otherwise subdued, debt capital markets revenue was $616 million, which is roughly in line with the $610 million folks were looking for there. Equity underwriting was $156 million, which is also in line with estimates.
Turning to the global wealth and investment management division saw, revenue climbed 2% to $5.43 billion. This business saw client balances drop 12% in the period because of lower market valuations. Still, the firm added a record number of new bank accounts in the division, so it seems like all the recent markets craziness hasn’t slowed interest in BofA’s offerings here.
Shifting away from revenue and looking at spending, we find that Bank of America joined rivals in adding to headcount in the quarter. The firm ended the third quarter with 213,270 people on its payrolls after adding about 4,000 staffers during the period. Total comp expenses was little changed from Q2 and modestly higher compared to a year ago.
Overall, this was a blowout quarter by BofA which reported stronger results than most other banks - including JPM - largely thanks to its markets division and soaring net interest income. As such it is no surprise that the bank's stock is soaring more than 5% this morning as sellside commentators are uniformly supportive of the results.
More in the bank's full presentation results below (pdf link).
Meet the Bitcoinetas, a fleet of transformative vehicles on a mission to spread the bitcoin message everywhere they go. From Argentina to South Africa,…
You may have seen that picture of Michael Saylor in a bitcoin-branded van, with a cheerful guy right next to the car door. This one:
Ariel Aguilar and La Bitcoineta European Edition at BTC Prague.
That car is the Bitcoineta European Edition, and the cheerful guy is Ariel Aguilar. Ariel is part of the European Bitcoineta team, and has previously driven another similar car in Argentina. In fact, there are currently five cars around the world that carry the name Bitcoineta (in some cases preceded with the Spanish definite article “La”).
Argentina: the original La Bitcoineta
The story of Bitcoinetas begins with the birth of 'La Bitcoineta' in Argentina, back in 2017. Inspired by the vibrancy of the South American Bitcoin community, the original Bitcoineta was conceived after an annual Latin American Conference (Labitconf), where the visionaries behind it recognized a unique opportunity to promote Bitcoin education in remote areas. Armed with a bright orange Bitcoin-themed exterior and a mission to bridge the gap in financial literacy, La Bitcoineta embarked on a journey to bring awareness of Bitcoin's potential benefits to villages and towns that often remained untouched by mainstream financial education initiatives. Operated by a team of dedicated volunteers, it was more than just a car; it was a symbol of hope and empowerment for those living on the fringes of financial inclusion.
The concept drawing for La Bitcoineta from December 2017.
Ariel was part of that initial Argentinian Bitcoineta team, and spent weeks on the road when the car became a reality. The original dream to bring bitcoin education even to remote areas within Argentina and other South American countries came true, and the La Bitcoineta team took part in dozens of local bitcoin meetups in the subsequent years.
The original La Bitcoineta from Argentina.
One major hiccup came in late 2018, when the car was crashed into while parked in Puerto Madryn. The car was pretty much destroyed, but since the team was possessed by a honey badger spirit, nothing could stop them from keeping true to their mission. It is a testament to the determination and resilience of the Argentinian team that the car was quickly restored and returned on its orange-pilling quest soon after.
Argentinian Bitcoineta after a major accident (no-one got hurt); the car was restored shortly after.
Over the more than 5 years that the Argentinian Bitcoineta has been running, it has traveled more than 80,000 kilometers - and as we’ll see further, it inspired multiple similar initiatives around the world.
In early 2021, the president of El Salvador passed the Bitcoin Law, making bitcoin legal tender in the country. The Labitconf team decided to celebrate this major step forward in bitcoin adoption by hosting the annual conference in San Salvador, the capital city of El Salvador. And correspondingly, the Argentinian Bitcoineta team made plans for a bold 7000-kilometer road trip to visit the Bitcoin country with the iconic Bitcoin car.
However, it proved to be impossible to cross so many borders separating Argentina and Salvador, since many governments were still imposing travel restrictions due to a Covid pandemic. So two weeks before the November event, the Labitconf team decided to fund a second Bitcoineta directly in El Salvador, as part of the Bitcoin Beach circular economy. Thus the second Bitcoineta was born.
Salvadoran’s Bitcoineta operates in the El Zonte region, where the Bitcoin Beach circular economy is located.
The eye-catching Volkswagen minibus has been donated to the Bitcoin Beach team, which uses the car for the needs of its circular economy based in El Zonte.
Late 2021 saw one other major development in terms of grassroots bitcoin adoption. On the other side of the planet, in South Africa, Hermann Vivier initiated the Bitcoin Ekasi project. “Ekasi” is a colloquial term for a township, and a township in the South African context is an underdeveloped urban area with a predominantly black population, a remnant of the segregationist apartheid regime. Bitcoin Ekasi emerged as an attempt to introduce bitcoin into the economy of the JCC Camp township located in Mossel Bay, and has gained a lot of success on that front.
Bitcoin Ekasi was in large part inspired by the success of the Bitcoin Beach circular economy back in El Salvador, and the respect was mutual. The Bitcoin Beach team thus decided to pass on the favor they received from the Argentinian Bitcoineta team, and provided funds to Bitcoin Ekasi for them to build a Bitcoineta of their own.
Bitcoin Ekasi’s Bitcoineta as seen at the Adopting Bitcoin Cape Town conference.Bitcoin Ekasi’s Bitcoineta as seen at the Adopting Bitcoin Cape Town conference. Hermann Vivier is seen in the background. South African Bitcoineta serves the needs of Bitcoin Ekasi, a local bitcoin circular economy in the JCC Camp township.
Bitcoin Ekasi emerged as a sister organization of Surfer Kids, a non-profit organization with a mission to empower marginalized youths through surfing. The Ekasi Bitcoineta thus partially serves as a means to get the kids to visit various surfer competitions in South Africa. A major highlight in this regard was when the kids got to meet Jordy Smith, one of the most successful South African surfers worldwide.
Coincidentally, South African surfers present an intriguing demographic for understanding Bitcoin due to their unique circumstances and needs. To make it as a professional surfer, the athletes need to attend competitions abroad; but since South Africa has tight currency controls in place, it is often a headache to send money abroad for travel and competition expenses. The borderless nature of Bitcoin offers a solution to these constraints, providing surfers with an alternative means of moving funds across borders without any obstacles.
Photo taken at the South African Junior Surfing Championships 2023. Back row, left to right:
Mbasa, Chuma, Jordy Smith, Sandiso. Front, left to right: Owethu, Sibulele.
To find out more about Bitcoineta South Africa and the non-profit endeavors it serves, watch Lekker Feeling, a documentary by Aubrey Strobel:
The European Bitcoineta started its journey in early 2023, with Ariel Aguilar being one of the main catalysts behind the idea. Unlike its predecessors in El Salvador and South Africa, the European Bitcoineta was not funded by a previous team but instead secured support from individual donors, reflecting a grassroots approach to spreading financial literacy.
European Bitcoineta sports a hard-to-overlook bitcoin logo along with the message “Bitcoin is Work. Bitcoin is Time. Bitcoin is Hope.”
The European Bitcoineta is a Mercedes box van adorned with a prominent Bitcoin logo and inspiring messages, and serves as a mobile hub for education and discussion at numerous European Bitcoin conferences and local meetups. Inside its spacious interior, both notable bitcoiners and bitcoin plebs share their insights on the walls, fostering a sense of camaraderie and collaboration.
Inside the European Bitcoineta, one can find the wall of fame, where visitors can read messages from prominent bitcoiners such as Michael Saylor, Uncle Rockstar, Javier Bastardo, Hodlonaut, and many others.On the “pleb wall”, any bitcoiner can share their message (as long as space permits).
Introduced in December 2023 at the Africa Bitcoin Conference in Ghana, the fifth Bitcoineta was donated to the Ghanaian Bitcoin Cowries educational initiative as part of the Trezor Academy program.
Bitcoineta West Africa was launched in December 2023 at the Africa Bitcoin Conference. Among its elements, it bears the motto of the Trezor Academy initiative: Bitcoin. Education. Freedom.
Bitcoineta West Africa was funded by the proceeds from the bitcoin-only limited edition Trezor device, which was sold out within one day of its launch at the Bitcoin Amsterdam conference.
With plans for an extensive tour spanning Ghana, Togo, Benin, Nigeria, and potentially other countries within the ECOWAS political and economic union, Bitcoineta West Africa embodies the spirit of collaboration and solidarity in driving Bitcoin adoption and financial inclusion throughout the Global South.
Bitcoineta West Africa surrounded by a group of enthusiastic bitcoiners at the Black Star Square, Accra, Ghana.
All the Bitcoineta cars around the world share one overarching mission: to empower their local communities through bitcoin education, and thus improve the lives of common people that might have a strong need for bitcoin without being currently aware of such need. As they continue to traverse borders and break down barriers, Bitcoinetas serve as a reminder of the power of grassroots initiatives and the importance of financial education in shaping a more inclusive future. The tradition of Bitcoinetas will continue to flourish, and in the years to come we will hopefully encounter a brazenly decorated bitcoin car everywhere we go.
If the inspiring stories of Bitcoinetas have ignited a passion within you to make a difference in your community, we encourage you to take action! Reach out to one of the existing Bitcoineta teams for guidance, support, and inspiration on how to start your own initiative. Whether you're interested in spreading Bitcoin education, promoting financial literacy, or fostering empowerment in underserved areas, the Bitcoineta community is here to help you every step of the way. Together, we will orange pill the world!
This is a guest post by Josef Tetek. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Over the last few years, digital currencies and gold have become decent barometers of speculative investor appetite. Such isn’t surprising given the evolution…
Over the last few years, digital currencies and gold have become decent barometers of speculative investor appetite. Such isn’t surprising given the evolution of the market into a “casino” following the pandemic, where retail traders have increased their speculative appetites.
“Such is unsurprising, given that retail investors often fall victim to the psychological behavior of the “fear of missing out.” The chart below shows the “dumb money index” versus the S&P 500. Once again, retail investors are very long equities relative to the institutional players ascribed to being the “smart money.””
“The difference between “smart” and “dumb money” investors shows that, more often than not, the “dumb money” invests near market tops and sells near market bottoms.”
That enthusiasm has increased sharply since last November as stocks surged in hopes that the Federal Reserve would cut interest rates. As noted by Sentiment Trader:
“Over the past 18 weeks, the straight-up rally has moved us to an interesting juncture in the Sentiment Cycle. For the past few weeks, the S&P 500 has demonstrated a high positive correlation to the ‘Enthusiasm’ part of the cycle and a highly negative correlation to the ‘Panic’ phase.”
That frenzy to chase the markets, driven by the psychological bias of the “fear of missing out,” has permeated the entirety of the market. As noted in “This Is Nuts:”
“Since then, the entire market has surged higher following last week’s earnings report from Nvidia (NVDA). The reason I say “this is nuts” is the assumption that all companies were going to grow earnings and revenue at Nvidia’s rate. There is little doubt about Nvidia’s earnings and revenue growth rates. However, to maintain that growth pace indefinitely, particularly at 32x price-to-sales, means others like AMD and Intel must lose market share.”
Of course, it is not just a speculative frenzy in the markets for stocks, specifically anything related to “artificial intelligence,” but that exuberance has spilled over into gold and cryptocurrencies.
Birds Of A Feather
There are a couple of ways to measure exuberance in the assets. While sentiment measures examine the broad market, technical indicators can reflect exuberance on individual asset levels. However, before we get to our charts, we need a brief explanation of statistics, specifically, standard deviation.
“Like a rubber band that has been stretched too far – it must be relaxed in order to be stretched again. This is exactly the same for stock prices that are anchored to their moving averages. Trends that get overextended in one direction, or another, always return to their long-term average. Even during a strong uptrend or strong downtrend, prices often move back (revert) to a long-term moving average.”
The idea of “stretching the rubber band” can be measured in several ways, but I will limit our discussion this week to Standard Deviation and measuring deviation with “Bollinger Bands.”
“Standard Deviation” is defined as:
“A measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of the variance.”
In plain English,this meansthat the further away from the average that an event occurs, the more unlikely it becomes. As shown below, out of 1000 occurrences, only three will fall outside the area of 3 standard deviations. 95.4% of the time, events will occur within two standard deviations.
A second measure of “exuberance” is “relative strength.”
“In technical analysis, the relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can read from 0 to 100.
Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.” – Investopedia
With those two measures, let’s look at Nvidia (NVDA), the poster child of speculative momentum trading in the markets. Nvidia trades more than 3 standard deviations above its moving average, and its RSI is 81. The last time this occurred was in July of 2023 when Nvidia consolidated and corrected prices through November.
Interestingly, gold also trades well into 3 standard deviation territory with an RSI reading of 75. Given that gold is supposed to be a “safe haven” or “risk off” asset, it is instead getting swept up in the current market exuberance.
The same is seen with digital currencies. Given the recent approval of spot, Bitcoin exchange-traded funds (ETFs), the panic bid to buy Bitcoin has pushed the price well into 3 standard deviation territory with an RSI of 73.
In other words, the stock market frenzy to “buy anything that is going up” has spread from just a handful of stocks related to artificial intelligence to gold and digital currencies.
It’s All Relative
We can see the correlation between stock market exuberance and gold and digital currency, which has risen since 2015 but accelerated following the post-pandemic, stimulus-fueled market frenzy. Since the market, gold and cryptocurrencies, or Bitcoin for our purposes, have disparate prices, we have rebased the performance to 100 in 2015.
Gold was supposed to be an inflation hedge. Yet, in 2022, gold prices fell as the market declined and inflation surged to 9%. However, as inflation has fallen and the stock market surged, so has gold. Notably, since 2015, gold and the market have moved in a more correlated pattern, which has reduced the hedging effect of gold in portfolios. In other words, during the subsequent market decline, gold will likely track stocks lower, failing to provide its “wealth preservation” status for investors.
The same goes for cryptocurrencies. Bitcoin is substantially more volatile than gold and tends to ebb and flow with the overall market. As sentiment surges in the S&P 500, Bitcoin and other cryptocurrencies follow suit as speculative appetites increase. Unfortunately, for individuals once again piling into Bitcoin to chase rising prices, if, or when, the market corrects, the decline in cryptocurrencies will likely substantially outpace the decline in market-based equities. This is particularly the case as Wall Street can now short the spot-Bitcoin ETFs, creating additional selling pressure on Bitcoin.
Just for added measure, here is Bitcoin versus gold.
Not A Recommendation
There are many narratives surrounding the markets, digital currency, and gold. However, in today’s market, more than in previous years, all assets are getting swept up into the investor-feeding frenzy.
Sure, this time could be different. I am only making an observation and not an investment recommendation.
However, from a portfolio management perspective, it will likely pay to remain attentive to the correlated risk between asset classes. If some event causes a reversal in bullish exuberance, cash and bonds may be the only place to hide.
BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals.
Credit: Impact Journals
BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals.
Impact Journals will be participating as an exhibitor at the American Association for Cancer Research (AACR) Annual Meeting 2024 from April 5-10 at the San Diego Convention Center in San Diego, California. This year, the AACR meeting theme is “Inspiring Science • Fueling Progress • Revolutionizing Care.”
Visit booth #4159 at the AACR Annual Meeting 2024 to connect with members of the Agingteam.
About Aging-US:
Agingpublishes research papers in all fields of aging research including but not limited, aging from yeast to mammals, cellular senescence, age-related diseases such as cancer and Alzheimer’s diseases and their prevention and treatment, anti-aging strategies and drug development and especially the role of signal transduction pathways such as mTOR in aging and potential approaches to modulate these signaling pathways to extend lifespan. The journal aims to promote treatment of age-related diseases by slowing down aging, validation of anti-aging drugs by treating age-related diseases, prevention of cancer by inhibiting aging. Cancer and COVID-19 are age-related diseases.
Agingis indexed and archived byPubMed/Medline (abbreviated as “Aging (Albany NY)”), PubMed Central, Web of Science: Science Citation Index Expanded (abbreviated as “Aging‐US” and listed in the Cell Biology and Geriatrics & Gerontology categories), Scopus (abbreviated as “Aging” and listed in the Cell Biology and Aging categories), Biological Abstracts, BIOSIS Previews, EMBASE, META (Chan Zuckerberg Initiative) (2018-2022), and Dimensions (Digital Science).
Please visit our website at www.Aging-US.com and connect with us:
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