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

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$16.77 $0.1 (0.6%) BAC stock closing price Oct 24, 2016 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Bank of America stock price. 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 QoQ growth of $1.19B. The Bank of America profit and loss statement for 2016-Q3 shows a profit of $4.96B. Profits have grown from $4.23B 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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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
Cost Of Goods Sold (COGS)266M245M225M211M214M216M220M237M270M282M
Bank of America Gross Profit
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
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)
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
Bank of America Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.410.360.210.280.370.450.270.32-0.010.31
Preferred Dividends Acc Pd503M335.64M--------
Dividends Common765.36510.84--------
Dividend Per Share Common0.
All figures in USD. M: Millions of USD, B: Billions of USD.

Bank of America stock analysis involves checking at least a few of the important things like:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that BAC stock has a topline or revenue of $24.04B for 2016-Q3 as per this Bank of America revenue chart. Investors look for stocks with a growing top line.
  • 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 $4.96B for Bank of America for 2016-Q3. 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