Bank of America Revenue, Profits - BAC Quarterly Income Statement

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$30.74 $0.02 (0.07%) BAC stock closing price Aug 17, 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 0.78% when compared to the same period in the past. Revenue for year 2018 Q2 is $27.33B and has increased from $27.12B 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.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Bank of America Revenues or Net Sales
27.33B27.12B24.04B25.34B25.99B24.9B22.56B24.04B22.85B22.04B
Cost Of Goods Sold (COGS)943M760M679M624M346M282M279M266M245M225M
Bank of America Gross Profit
26.39B26.36B23.36B24.71B25.64B24.62B24.45B23.78B22.61B21.81B
Research & Development Expense----------
Selling General & Admin Expense14.11B14.73B14.5B13.82B14.29B15.52B13.76B14.15B14.28B15.63B
Income Before Depreciation Depletion Amortization12.27B11.63B8.86B10.89B11.35B9.1B10.69B9.63B8.33B6.19B
Depreciation Depletion Amortization---473M151M160M162M176M181M186M187M
Non Operating Income----------
Interest Expense3.78B3.23B2.93B2.87B2.81B2.37B2.29B2.14B2.21B2.3B
Bank of America Pretax Income
8.5B8.39B6.41B7.87B8.38B6.57B8.22B7.3B5.93B3.7B
Provision for Income Taxes1.71B1.48B3.89B2.28B3.11B1.71B2.18B2.35B1.7B1.02B
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations6.78B6.92B2.37B5.59B5.27B4.86B4.7B4.96B4.23B2.68B
Extraordinary Items & Discontinued Operations----------
Bank of America Profit/ Loss (Net Income)
6.78B6.92B2.37B5.59B5.27B4.86B4.7B4.96B4.23B2.68B
Average Shares used to compute Diluted EPS10.31B10.47B10.62B10.73B10.82B10.91B10.96B11B11.06B10.34B
Average Shares used to compute Basic EPS10.18B10.32B10.47B10.2B10.01B10.1B10.17B10.25B10.25B10.34B
Income Before Nonrecurring Items6.78B6.92B5.3B5.59B5.27B4.86B4.7B4.96B4.23B2.68B
Income from Nonrecurring Items---2.94B-------
Bank of America Earnings Per Share Basic Net
0.640.630.200.500.490.430.430.430.380.21
Bank of America Earnings Per Share Diluted Net
0.630.620.200.480.460.410.400.410.360.21
EPS Diluted Before Nonrecurring Items0.630.620.470.480.460.410.400.410.360.21
Preferred Dividends Acc Pd267.71M414.89M270.87M-------
Dividends Common1229.241229.241234.48-------
Dividend Per Share Common0.120.120.120.120.080.080.080.080.050.05
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 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 $6.78B for Bank of America for 2018 Q2. 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)
15.93
PS Ratio (price sales ratio)
3.01
Operating Margin
44.9
Net Profit Margin
24.8
Dividend Yield
1.56%