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

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$23.63 $0.92 (4.05%) BAC stock closing price Apr 24, 2017 (Closing)

BAC stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Bank of America stock price. In the income statement, an investor can look at important parameters like revenue, gross profits, net profits, and EPS basic to gain deeper insights. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $22.56B to $24.9B and how operating and non operating activities have impacted the BAC stock. 2017-Q1 revenue is $24.9B and has increased from $22.56B 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. (See also: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. 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4
Bank of America Net Sales or Revenues
24.9B22.56B24.04B22.85B22.04B22.43B23.18B24.76B23.71B21.24B
Cost Of Goods Sold (COGS)282M279M266M245M225M211M214M216M220M237M
Bank of America Gross Profit
24.62B24.45B23.78B22.61B21.81B21.19B22.96B24.55B23.49B21.01B
Research & Development Expense----------
Selling General & Admin Expense15.52B13.76B14.15B14.28B15.63B14.48B14.41B14.39B16.25B14.19B
Income Before Depreciation Depletion Amortization9.1B10.69B9.63B8.33B6.19B6.71B8.56B10.16B7.25B6.82B
Depreciation Depletion Amortization162M176M181M186M187M202M207M212M213M228M
Non Operating Income----------
Interest Expense2.37B2.29B2.14B2.21B2.3B2.69B2.28B2.43B2.29B2.28B
Bank of America Pretax Income
6.57B8.22B7.3B5.93B3.7B3.82B6.07B7.52B4.74B4.31B
Provision for Income Taxes1.71B2.18B2.35B1.7B1.02B1.12B1.56B2.2B1.39B1.26B
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations4.86B4.7B4.96B4.23B2.68B3.34B4.51B5.32B3.36B3.05B
Extraordinary Items & Discontinued Operations----------
Bank of America Net Income (Profit/Loss)
4.86B4.7B4.96B4.23B2.68B3.34B4.51B5.32B3.36B3.05B
Average Shares used to compute Diluted EPS10.91B10.96B11B11.06B10.34B11.15B11.2B11.24B11.27B11.27B
Average Shares used to compute Basic EPS10.1B10.17B10.25B10.25B10.34B10.4B10.44B10.49B10.52B10.52B
Income Before Nonrecurring Items4.86B4.7B4.96B4.23B2.68B3.34B4.51B5.32B3.36B3.84B
Income from Nonrecurring Items----------789.16M
Bank of America Earnings Per Share Basic Net
0.430.430.430.380.210.290.390.480.280.26
Bank of America Earnings Per Share Diluted Net
0.410.400.410.360.210.280.370.450.270.25
EPS Diluted Before Nonrecurring Items0.410.400.410.360.210.280.370.450.270.32
Preferred Dividends Acc Pd502M322.89M547.45M-------
Dividends Common751.88753.95759.29-------
Dividend Per Share Common0.080.080.080.050.050.050.050.050.050.05
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:
  • Revenue: This is the inflow that is generated from the sale of goods or services and is $24.9B for this quarter of 2017-Q1. Our Bank of America revenue chart gives a clear visual representation of how the topline growth has been. Investors often invest in only those companies where the revenue is growing at a steady rate.
  • 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)
14.9560
PS ratio (
price sales ratio
)
2.5292
Operating margin
46.6
Net profit margin
20.8
Dividend yield
1.23%