Bank of America Annual Income Statement (NYSE:BAC)

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$16.67 $0.11 (0.66%) BAC stock closing price Oct 21, 2016 (Closing)

Financial analysis of Bank of America involves more than just checking the Bank of America stock price, by looking at the financial statements of the company in detail. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is generated for a specific period of time. The revenue decrease of $93.06B for 2015 impacts the BAC stock. Investors typically check year over year or quarter over quarter revenue growth. 2015 revenue is $93.06B and has decreased from $95.18B 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 2015 is $93.06B. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Bank of America Net Sales or Revenues
Cost Of Goods Sold (COGS)861M1.08B1.4B1.99B3B4B7.81B15.25B18.09B14.48B
Bank of America Gross Profit
Research & Development Expense----------
Selling General & Admin Expense59.52B76.46B71.68B79B88.35B95.59B110.58B65.59B43.31B38.85B
Income Before Depreciation Depletion Amortization32.68B17.65B28.62B19.09B23.72B34.61B32.06B32.27B57.79B63.69B
Depreciation Depletion Amortization834M936M1.09B1.26B4.69B14.13B1.98B1.83B1.68B1.76B
Non Operating Income----638M1.82B2.72B935M-410M-443M
Interest Expense9.69B9.85B11.36B14.75B18.62B19.98B23B25.07B34.78B29.51B
Bank of America Pretax Income
Provision for Income Taxes6.27B2.02B4.74B-1.12B-1.68B915M-1.92B420M5.94B10.84B
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations15.89B4.83B11.43B4.19B1.45B-2.24B6.28B4.01B14.98B21.13B
Extraordinary Items & Discontinued Operations----------
Bank of America Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS11.21B10.58B11.49B10.84B10.25B9.79B7.73B4.61B4.47B4.6B
Average Shares used to compute Basic EPS10.46B10.53B10.73B10.75B10.14B9.79B7.73B4.59B4.47B4.53B
Income Before Nonrecurring Items15.89B5.57B12.35B4.19B-1.57B10.16B6.77B4.32B15.03B21.66B
Income from Nonrecurring Items--741M-918.58M-3.02B-12.4B-497.25M-308.78M-44.3M-523.25M
Bank of America Earnings Per Share Basic Net
Bank of America Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items1.310.430.980.25-0.290.86-0.220.623.364.70
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.
All figures in USD. M: Millions of USD, B: Billions of USD.

Before investing one should read a report on Bank of America stock analysis. It helps to look at the following income statement items:
  • 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 not been the case with Bank of America. One must stay away from stocks whose revenues are declining.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $15.89B for Bank of America for 2015. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.
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)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield