Bank of America Annual Income Statement (NYSE:BAC)

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$22.57 $0.41 (1.85%) BAC stock closing price Dec 07, 2016 (Closing)

Looking at financial statements, along with the Bank of America stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the BAC stock is bound to reflect the impact of the YoY decline of $2.13B. Along with Bank of America assets and Bank of America free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have increased from $4.83B YoY and 2015 revenue is $93.06B. 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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Annual
Quarterly
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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
93.06B95.18B101.7B100.08B115.07B134.19B150.45B113.11B119.19B117.02B
Cost Of Goods Sold (COGS)861M1.08B1.4B1.99B3B4B7.81B15.25B18.09B14.48B
Bank of America Gross Profit
92.2B94.1B100.3B98.09B112.07B130.2B142.64B97.86B101.1B102.54B
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
22.15B6.86B16.17B3.07B-230M-1.32B4.36B4.43B20.92B31.97B
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)
15.89B4.83B11.43B4.19B1.45B-2.24B6.28B4.01B14.98B21.13B
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
1.380.360.940.260.01-0.37-0.280.563.354.66
Bank of America Earnings Per Share Diluted Net
1.310.360.900.250.01-0.37-0.280.553.354.59
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 Common0.200.120.040.040.040.040.042.242.402.12
All figures in USD. M: Millions of USD, B: Billions of USD.
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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: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. BAC stock had a poor bottom line growth.
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)
17.9130
PS ratio (
price sales ratio
)
2.5323
Operating margin
39.3
Net profit margin
20.6
Dividend yield
1.02%