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

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$23.09 $0.14 (0.61%) BAC stock closing price Dec 09, 2016 (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. 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 for BAC which implies a QoQ revenue growth of $1.19B is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The operating expenses (also check: Bank of America assets and Bank of America free cash flow) as shown in the Bank of America profit and loss statement 2016-Q3 total to $14.6B. This line item has decreased from $14.71B compared with last quarter. 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-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Bank of America Net Sales or Revenues
24.04B22.85B22.04B22.43B23.18B24.76B23.71B21.24B23.85B24.68B
Cost Of Goods Sold (COGS)266M245M225M211M214M216M220M237M270M282M
Bank of America Gross Profit
23.78B22.61B21.81B21.19B22.96B24.55B23.49B21.01B23.58B24.39B
Research & Development Expense----------
Selling General & Admin Expense14.15B14.28B15.63B14.48B14.41B14.39B16.25B14.19B20.54B18.72B
Income Before Depreciation Depletion Amortization9.63B8.33B6.19B6.71B8.56B10.16B7.25B6.82B3.03B5.68B
Depreciation Depletion Amortization181M186M187M202M207M212M213M228M234M235M
Non Operating Income----------
Interest Expense2.14B2.21B2.3B2.69B2.28B2.43B2.29B2.28B2.37B2.65B
Bank of America Pretax Income
7.3B5.93B3.7B3.82B6.07B7.52B4.74B4.31B431M2.8B
Provision for Income Taxes2.35B1.7B1.02B1.12B1.56B2.2B1.39B1.26B663M504M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations4.96B4.23B2.68B3.34B4.51B5.32B3.36B3.05B168M2.29B
Extraordinary Items & Discontinued Operations----------
Bank of America Net Income (Profit/Loss)
4.96B4.23B2.68B3.34B4.51B5.32B3.36B3.05B168M2.29B
Average Shares used to compute Diluted EPS11B11.06B10.34B11.15B11.2B11.24B11.27B11.27B10.52B11.27B
Average Shares used to compute Basic EPS10.25B10.25B10.34B10.4B10.44B10.49B10.52B10.52B10.52B10.52B
Income Before Nonrecurring Items4.96B4.23B2.68B3.34B4.51B5.32B3.36B3.84B168M3.55B
Income from Nonrecurring Items--------789.16M--1.26B
Bank of America Earnings Per Share Basic Net
0.430.380.210.290.390.480.280.26-0.010.19
Bank of America Earnings Per Share Diluted Net
0.410.360.210.280.370.450.270.25-0.010.19
EPS Diluted Before Nonrecurring Items0.410.360.210.280.370.450.270.32-0.010.31
Preferred Dividends Acc Pd547.45M335.64M--------
Dividends Common759.29510.84--------
Dividend Per Share Common0.080.050.050.050.050.050.050.050.050.01
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Bank of America stock analysis are:
  • Topline: A growing topline, as seen from the Bank of America revenue chart, as is the case with Bank of America indicates a growing business. One needs to compare the QoQ or YoY topline growth of BAC stock with its peers like JPM stock and WFC stock to see if the growth compares well with what can be expected for a company in that industry.
  • 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 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)
18.3250
PS ratio (
price sales ratio
)
2.5906
Operating margin
39.3
Net profit margin
20.6
Dividend yield
1%