Bank of America Revenue, Profits - BAC Quarterly Income Statement

Add to My Stocks
$29.26 $0.14 (0.48%) BAC stock closing price Jun 19, 2018 (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. The income statement is a summary of the revenue or sales, expenses and profitability - shown as Net Income, or lack of it. Like any other income statement, the BAC income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a QoQ revenue growth of 12.8% when compared to the same period in the past. Revenue for year 2018 Q1 is $27.12B and has increased from $24.04B quarter on quarter as is evident when you compare the latest figures in the latest Bank of America profit and loss statement with those of the prior corresponding period. Also see Bank of America assets and Bank of America free cash flow for a complete valuation of BAC stock.

View and download details of revenue and profits for Bank of America for latest & last 40 quarters.
show more
Quarterly
Annual
View Previous Quarters
View Next Quarters
Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Bank of America Revenues or Net Sales
27.12B24.04B25.34B25.99B24.9B22.56B24.04B22.85B22.04B22.43B
Cost Of Goods Sold (COGS)760M679M624M346M282M279M266M245M225M211M
Bank of America Gross Profit
26.36B23.36B24.71B25.64B24.62B24.45B23.78B22.61B21.81B21.19B
Research & Development Expense----------
Selling General & Admin Expense14.73B14.5B13.82B14.29B15.52B13.76B14.15B14.28B15.63B14.48B
Income Before Depreciation Depletion Amortization11.63B8.86B10.89B11.35B9.1B10.69B9.63B8.33B6.19B6.71B
Depreciation Depletion Amortization--473M151M160M162M176M181M186M187M202M
Non Operating Income----------
Interest Expense3.23B2.93B2.87B2.81B2.37B2.29B2.14B2.21B2.3B2.69B
Bank of America Pretax Income
8.39B6.41B7.87B8.38B6.57B8.22B7.3B5.93B3.7B3.82B
Provision for Income Taxes1.48B3.89B2.28B3.11B1.71B2.18B2.35B1.7B1.02B1.12B
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations6.92B2.37B5.59B5.27B4.86B4.7B4.96B4.23B2.68B3.34B
Extraordinary Items & Discontinued Operations----------
Bank of America Profit/ Loss (Net Income)
6.92B2.37B5.59B5.27B4.86B4.7B4.96B4.23B2.68B3.34B
Average Shares used to compute Diluted EPS10.47B10.62B10.73B10.82B10.91B10.96B11B11.06B10.34B11.15B
Average Shares used to compute Basic EPS10.32B10.47B10.2B10.01B10.1B10.17B10.25B10.25B10.34B10.4B
Income Before Nonrecurring Items6.92B5.3B5.59B5.27B4.86B4.7B4.96B4.23B2.68B3.34B
Income from Nonrecurring Items--2.94B--------
Bank of America Earnings Per Share Basic Net
0.630.200.500.490.430.430.430.380.210.29
Bank of America Earnings Per Share Diluted Net
0.620.200.480.460.410.400.410.360.210.28
EPS Diluted Before Nonrecurring Items0.620.470.480.460.410.400.410.360.210.28
Preferred Dividends Acc Pd414.89M270.87M--------
Dividends Common1229.241234.48--------
Dividend Per Share Common0.120.120.120.080.080.080.080.050.050.05
All figures in USD. M: Millions of USD, B: Billions of USD.
View Previous Quarters
View Next Quarters

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 QoQ 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: 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 $6.92B for Bank of America for 2018 Q1. 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 BAC financials along with Bank of America historical stock prices provide a lot of details about the firm.

Bank of America Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
16.71
PS Ratio (price sales ratio)
2.96
Operating Margin
42.9
Net Profit Margin
25.5
Dividend Yield
1.5%