Bank of America Annual Income Statement (NYSE:BAC)

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$23.01 $0.09 (0.39%) BAC stock closing price Jan 13, 2017 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Bank of America stock price alone is not sufficient. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $93.06B to $93.66B and how operating and non operating activities have impacted the BAC stock. 2016 revenue is $93.66B and has increased from $93.06B year on year as is evident when you compare the latest figures in the latest Bank of America profit and loss statement with those of the prior corresponding period. (See also:Bank of America assets and Bank of America free cash flow) Bank of America revenue for 2016 is $93.66B. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Bank of America Net Sales or Revenues
93.66B93.06B95.18B101.7B100.08B115.07B134.19B150.45B113.11B119.19B
Cost Of Goods Sold (COGS)1.02B861M1.08B1.4B1.99B3B4B7.81B15.25B18.09B
Bank of America Gross Profit
92.65B92.2B94.1B100.3B98.09B112.07B130.2B142.64B97.86B101.1B
Research & Development Expense----------
Selling General & Admin Expense57.82B59.52B76.46B71.68B79B88.35B95.59B110.58B65.59B43.31B
Income Before Depreciation Depletion Amortization34.83B32.68B17.65B28.62B19.09B23.72B34.61B32.06B32.27B57.79B
Depreciation Depletion Amortization730M834M936M1.09B1.26B4.69B14.13B1.98B1.83B1.68B
Non Operating Income-----638M1.82B2.72B935M-410M
Interest Expense8.95B9.69B9.85B11.36B14.75B18.62B19.98B23B25.07B34.78B
Bank of America Pretax Income
25.15B22.15B6.86B16.17B3.07B-230M-1.32B4.36B4.43B20.92B
Provision for Income Taxes7.25B6.27B2.02B4.74B-1.12B-1.68B915M-1.92B420M5.94B
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations17.91B15.89B4.83B11.43B4.19B1.45B-2.24B6.28B4.01B14.98B
Extraordinary Items & Discontinued Operations----------
Bank of America Net Income (Profit/Loss)
17.91B15.89B4.83B11.43B4.19B1.45B-2.24B6.28B4.01B14.98B
Average Shares used to compute Diluted EPS-11.21B10.58B11.49B10.84B10.25B9.79B7.73B4.61B4.47B
Average Shares used to compute Basic EPS-10.46B10.53B10.73B10.75B10.14B9.79B7.73B4.59B4.47B
Income Before Nonrecurring Items-15.89B5.57B12.35B4.19B-1.57B10.16B6.77B4.32B15.03B
Income from Nonrecurring Items---741M-918.58M-3.02B-12.4B-497.25M-308.78M-44.3M
Bank of America Earnings Per Share Basic Net
-1.380.360.940.260.01-0.37-0.280.563.35
Bank of America Earnings Per Share Diluted Net
-1.310.360.900.250.01-0.37-0.280.553.35
EPS Diluted Before Nonrecurring Items-1.310.430.980.25-0.290.86-0.220.623.36
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common-0.200.120.040.040.040.040.042.242.40
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Bank of America stock analysis. An investor must check the following items in an income statement:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: Bank of America revenue chart) implies that the company is growing, which has been the case with Bank of America. One must stay away from stocks whose revenues are declining.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $93.66B - other expenses = $17.91B for BAC stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with Bank of America historical stock prices provides a lot of details about the firm. .

Bank of America Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
18.2620
PS ratio (
price sales ratio
)
2.5817
Operating margin
39.3
Net profit margin
20.6
Dividend yield
1%