Bank Of America Stock Net Income
| BOFA Stock | 21.97 0.15 0.69% |
Bank of America fundamentals help investors to digest information that contributes to Bank of AmericaCDR's financial success or failures. It also enables traders to predict the movement of Bank Stock. The fundamental analysis module provides a way to measure Bank of AmericaCDR's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bank of AmericaCDR stock.
| Last Reported | Projected for Next Year | ||
| Net Income From Continuing Ops | 27.1 B | 29.1 B | |
| Net Income Applicable To Common Shares | 29.9 B | 27.2 B | |
| Net Income | 27.1 B | 28.2 B |
Bank | Net Income |
Bank of America Company Net Income Analysis
Bank of AmericaCDR's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Bank of AmericaCDR Net Income | 27.13 B |
Most of Bank of AmericaCDR's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bank of America is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Bank Net Interest Income
Net Interest Income |
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Based on the recorded statements, Bank of America reported net income of 27.13 B. This is much higher than that of the Banks sector and significantly higher than that of the Financials industry. The net income for all Canada stocks is significantly lower than that of the firm.
Bank Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bank of AmericaCDR's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bank of AmericaCDR could also be used in its relative valuation, which is a method of valuing Bank of AmericaCDR by comparing valuation metrics of similar companies.Bank of America is currently under evaluation in net income category among its peers.
Bank Fundamentals
| Return On Equity | 0.0924 | ||||
| Return On Asset | 0.0084 | ||||
| Profit Margin | 0.28 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 158.05 B | ||||
| Shares Outstanding | 19.97 B | ||||
| Price To Book | 1.12 X | ||||
| Price To Sales | 4.75 X | ||||
| Revenue | 101.89 B | ||||
| Gross Profit | 96.07 B | ||||
| Net Income | 27.13 B | ||||
| Total Debt | 43.39 B | ||||
| Book Value Per Share | 35.79 X | ||||
| Cash Flow From Operations | (8.8 B) | ||||
| Earnings Per Share | 1.75 X | ||||
| Price To Earnings To Growth | 1.50 X | ||||
| Number Of Employees | 213 K | ||||
| Beta | 1.33 | ||||
| Market Capitalization | 455.84 B | ||||
| Total Asset | 3.26 T | ||||
| Retained Earnings | 242.35 B | ||||
| Annual Yield | 0.02 % | ||||
| Net Asset | 3.26 T | ||||
| Last Dividend Paid | 1.0 |
About Bank of AmericaCDR Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bank of America's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of AmericaCDR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bank of America based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bank of AmericaCDR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of AmericaCDR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of AmericaCDR will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bank of AmericaCDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of AmericaCDR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of AmericaCDR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of America to buy it.
The correlation of Bank of AmericaCDR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of AmericaCDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of AmericaCDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of AmericaCDR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.