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

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$23.8 $0.14 (0.58%) BAC stock closing price Jul 21, 2017 (Closing)

BAC stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Bank of America stock price. The income statement gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. 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 $1.09B. One also needs to look at Bank of America assets, operating expenses and Bank of America free cash flow. The profit and loss statement shows revenue of $25.99B for 2017-Q2. Revenue has grown by $1.09B QoQ for BAC stock. 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-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1
Bank of America Net Sales or Revenues
25.99B24.9B22.56B24.04B22.85B22.04B22.43B23.18B24.76B23.71B
Cost Of Goods Sold (COGS)346M282M279M266M245M225M211M214M216M220M
Bank of America Gross Profit
25.64B24.62B24.45B23.78B22.61B21.81B21.19B22.96B24.55B23.49B
Research & Development Expense----------
Selling General & Admin Expense14.29B15.52B13.76B14.15B14.28B15.63B14.48B14.41B14.39B16.25B
Income Before Depreciation Depletion Amortization11.35B9.1B10.69B9.63B8.33B6.19B6.71B8.56B10.16B7.25B
Depreciation Depletion Amortization160M162M176M181M186M187M202M207M212M213M
Non Operating Income----------
Interest Expense2.81B2.37B2.29B2.14B2.21B2.3B2.69B2.28B2.43B2.29B
Bank of America Pretax Income
8.38B6.57B8.22B7.3B5.93B3.7B3.82B6.07B7.52B4.74B
Provision for Income Taxes3.11B1.71B2.18B2.35B1.7B1.02B1.12B1.56B2.2B1.39B
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.27B4.86B4.7B4.96B4.23B2.68B3.34B4.51B5.32B3.36B
Extraordinary Items & Discontinued Operations----------
Bank of America Net Income (Profit/Loss)
5.27B4.86B4.7B4.96B4.23B2.68B3.34B4.51B5.32B3.36B
Average Shares used to compute Diluted EPS10.82B10.91B10.96B11B11.06B10.34B11.15B11.2B11.24B11.27B
Average Shares used to compute Basic EPS10.01B10.1B10.17B10.25B10.25B10.34B10.4B10.44B10.49B10.52B
Income Before Nonrecurring Items5.27B4.86B4.7B4.96B4.23B2.68B3.34B4.51B5.32B3.36B
Income from Nonrecurring Items----------
Bank of America Earnings Per Share Basic Net
0.490.430.430.430.380.210.290.390.480.28
Bank of America Earnings Per Share Diluted Net
0.460.410.400.410.360.210.280.370.450.27
EPS Diluted Before Nonrecurring Items0.460.410.400.410.360.210.280.370.450.27
Preferred Dividends Acc Pd361M513.19M322.89M-------
Dividends Common746.39748.06753.95-------
Dividend Per Share Common0.080.080.080.080.050.050.050.050.050.05
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Bank of America stock analysis. It helps to look at the following income statement items:
  • 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 $25.99B for 2017-Q2 as per this Bank of America revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. BAC stock had a healthy bottom line growth.
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)
14.1670
PS ratio (
price sales ratio
)
2.4444
Operating margin
35.9
Net profit margin
19.5
Dividend yield
1.34%