Bank of America Income Statement - Quarterly (NYSE:BAC)

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$24.52 $0.06 (0.24%) BAC stock closing price Feb 17, 2017 (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. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement is generated for a specific period of time. The revenue decrease of $22.56B for 2016-Q4 impacts the BAC stock. Investors typically check year over year or quarter over quarter revenue growth. The Bank of America profit and loss statement for 2016-Q4 shows a profit of $4.7B. Profits have reduced from $4.96B QoQ. Apart from this an investor should also check Bank of America assets and Bank of America free cash flow. View details of revenue and profits for Bank of America for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
Bank of America Net Sales or Revenues
22.56B24.04B22.85B22.04B22.43B23.18B24.76B23.71B21.24B23.85B
Cost Of Goods Sold (COGS)279M266M245M225M211M214M216M220M237M270M
Bank of America Gross Profit
24.45B23.78B22.61B21.81B21.19B22.96B24.55B23.49B21.01B23.58B
Research & Development Expense----------
Selling General & Admin Expense13.76B14.15B14.28B15.63B14.48B14.41B14.39B16.25B14.19B20.54B
Income Before Depreciation Depletion Amortization10.69B9.63B8.33B6.19B6.71B8.56B10.16B7.25B6.82B3.03B
Depreciation Depletion Amortization176M181M186M187M202M207M212M213M228M234M
Non Operating Income----------
Interest Expense2.29B2.14B2.21B2.3B2.69B2.28B2.43B2.29B2.28B2.37B
Bank of America Pretax Income
8.22B7.3B5.93B3.7B3.82B6.07B7.52B4.74B4.31B431M
Provision for Income Taxes2.18B2.35B1.7B1.02B1.12B1.56B2.2B1.39B1.26B663M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations4.7B4.96B4.23B2.68B3.34B4.51B5.32B3.36B3.05B168M
Extraordinary Items & Discontinued Operations----------
Bank of America Net Income (Profit/Loss)
4.7B4.96B4.23B2.68B3.34B4.51B5.32B3.36B3.05B168M
Average Shares used to compute Diluted EPS10.96B11B11.06B10.34B11.15B11.2B11.24B11.27B11.27B10.52B
Average Shares used to compute Basic EPS10.17B10.25B10.25B10.34B10.4B10.44B10.49B10.52B10.52B10.52B
Income Before Nonrecurring Items4.7B4.96B4.23B2.68B3.34B4.51B5.32B3.36B3.84B168M
Income from Nonrecurring Items---------789.16M-
Bank of America Earnings Per Share Basic Net
0.430.430.380.210.290.390.480.280.26-0.01
Bank of America Earnings Per Share Diluted Net
0.400.410.360.210.280.370.450.270.25-0.01
EPS Diluted Before Nonrecurring Items0.400.410.360.210.280.370.450.270.32-0.01
Preferred Dividends Acc Pd322.89M547.45M--------
Dividends Common753.95759.29--------
Dividend Per Share Common0.080.080.050.050.050.050.050.050.050.05
All figures in USD. M: Millions of USD, B: Billions of USD.
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Bank of America stock analysis involves checking at least a few of the important things like:
  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ 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: Most businesses like Bank of America try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Bank of America historical stock prices to check how the price has moved with time. .

Bank of America Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
17.7680
PS ratio (
price sales ratio
)
2.7255
Operating margin
46.6
Net profit margin
20.8
Dividend yield
1.06%