Bank of America Revenue, Profits - BAC Annual Income Statement

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$29.26 $0.14 (0.48%) BAC stock closing price Jun 19, 2018 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Bank of America stock price. In the income statement, an investor can check for important parameters like the topline or sales, the bottomline or profits, the basic EPS, dividends etc. The income statement for BAC which shows a YOY revenue growth of 7.05% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. One also needs to look at Bank of America assets, operating expenses and Bank of America free cash flow. The Bank of America profit and loss statement shows revenue of $100.26B for 2017. Revenue has grown by 7.05% YOY for BAC stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Bank of America Revenues or Net Sales
100.26B93.66B93.06B95.18B101.7B100.08B115.07B134.19B150.45B113.11B
Cost Of Goods Sold (COGS)1.93B1.02B861M1.08B1.4B1.99B3B4B7.81B15.25B
Bank of America Gross Profit
98.33B92.65B92.2B94.1B100.3B98.09B112.07B130.2B142.64B97.86B
Research & Development Expense----------
Selling General & Admin Expense58.14B57.82B59.52B76.46B71.68B79B88.35B95.59B110.58B65.59B
Income Before Depreciation Depletion Amortization40.19B34.83B32.68B17.65B28.62B19.09B23.72B34.61B32.06B32.27B
Depreciation Depletion Amortization-730M834M936M1.09B1.26B4.69B14.13B1.98B1.83B
Non Operating Income------638M1.82B2.72B935M
Interest Expense10.98B8.95B9.69B9.85B11.36B14.75B18.62B19.98B23B25.07B
Bank of America Pretax Income
29.21B25.15B22.15B6.86B16.17B3.07B-230M-1.32B4.36B4.43B
Provision for Income Taxes10.98B7.25B6.27B2.02B4.74B-1.12B-1.68B915M-1.92B420M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations18.23B17.91B15.89B4.83B11.43B4.19B1.45B-2.24B6.28B4.01B
Extraordinary Items & Discontinued Operations----------
Bank of America Profit/ Loss (Net Income)
18.23B17.91B15.89B4.83B11.43B4.19B1.45B-2.24B6.28B4.01B
Average Shares used to compute Diluted EPS10.78B11.04B11.21B10.58B11.49B10.84B10.25B9.79B7.73B4.61B
Average Shares used to compute Basic EPS10.2B10.28B10.46B10.53B10.73B10.75B10.14B9.79B7.73B4.59B
Income Before Nonrecurring Items21.1B17.91B15.89B5.57B12.35B4.19B-1.57B10.16B6.77B4.32B
Income from Nonrecurring Items-2.87B---741M-918.58M-3.02B-12.4B-497.25M-308.78M
Bank of America Earnings Per Share Basic Net
1.631.581.380.360.940.260.01-0.37-0.280.56
Bank of America Earnings Per Share Diluted Net
1.561.501.310.360.900.250.01-0.37-0.280.55
EPS Diluted Before Nonrecurring Items1.831.501.310.430.980.25-0.290.86-0.220.62
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.390.250.200.120.040.040.040.040.042.24
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:

  • 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 YoY topline or sales 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 from a company in that industry.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $18.23B for BAC stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called the profit and loss statement. Apart from the BAC 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)
16.63
PS Ratio (price sales ratio)
2.95
Operating Margin
42.9
Net Profit Margin
25.5
Dividend Yield
1.5%