Bank Historical Income Statement

BAC Stock

USD 47.77 0.02 0.04%

Historical analysis of Bank of America income statement accounts such as Interest Expense of 77 B, Total Revenue of 64.8 B or Gross Profit of 61.2 B can show how well Bank of America performed in making a profits. Evaluating Bank of America income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Bank of America's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Bank of America latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Bank of America is a good buy for the upcoming year.

Net Income Gross Profit

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 nation.

For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

About Bank Income Statement Analysis

Bank of America Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Bank of America shareholders. The income statement also shows Bank investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Bank of America Income Statement Chart

At present, Bank of America's Total Other Income Expense Net is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 27.8 B, whereas Depreciation And Amortization is forecasted to decline to about 1.6 B.

Total Revenue Gross Profit Other Operating Expenses Ebitda Net Income Income Tax Expense

Total Revenue

Total revenue comprises all receipts Bank of America generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Bank of America minus its cost of goods sold. It is profit before Bank of America operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Bank of America. It is also known as Bank of America overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Bank of America financial statement analysis. It represents the amount of money remaining after all of Bank of America operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from Bank of America's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Bank of America current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 nation.

For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.At present, Bank of America's Total Other Income Expense Net is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 27.8 B, whereas Depreciation And Amortization is forecasted to decline to about 1.6 B.

	2021	2022	2023	2024 (projected)
Interest Expense	4.7B	20.1B	73.3B	77.0B
Depreciation And Amortization	1.9B	2.0B	2.0B	1.6B

Interest Expense Depreciation And Amortization

Bank of America income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.36	0.63	0.6	0.32	0.62	0.62	0.64	0.32	0.62	0.65	0.68	0.15	0.08	0.53	-0.57	0.65	-0.3	0.69	0.48	-0.37	0.29
Interest Expense	0.36		0.18	0.14	0.0	0.1	0.1	0.11	0.0	0.1	0.3	0.38	-0.19	0.11	0.22	-0.31	0.2	-0.46	0.73	0.79	-0.48	0.91
Total Revenue	0.63	0.18		1.0	0.86	0.55	0.55	0.56	0.86	0.55	0.31	0.48	0.28	0.15	0.92	-0.43	0.44	-0.1	0.37	0.32	0.0	0.15
Gross Profit	0.6	0.14	1.0		0.88	0.53	0.53	0.54	0.88	0.52	0.27	0.43	0.31	0.16	0.92	-0.4	0.41	-0.05	0.32	0.28	0.03	0.1
Other Operating Expenses	0.32	0.0	0.86	0.88		0.14	0.14	0.15	1.0	0.13	-0.06	0.04	0.08	0.18	0.87	-0.11	0.02	0.0	-0.01	0.08	0.23	0.0
Operating Income	0.62	0.1	0.55	0.53	0.14		1.0	1.0	0.14	1.0	0.83	0.91	0.63	-0.45	0.29	-0.83	0.95	-0.15	0.61	0.39	-0.27	0.13
Ebit	0.62	0.1	0.55	0.53	0.14	1.0		1.0	0.14	1.0	0.83	0.91	0.63	-0.45	0.29	-0.83	0.95	-0.15	0.61	0.39	-0.27	0.13
Ebitda	0.64	0.11	0.56	0.54	0.15	1.0	1.0		0.15	1.0	0.83	0.91	0.62	-0.43	0.31	-0.83	0.95	-0.16	0.62	0.4	-0.28	0.14
Total Operating Expenses	0.32	0.0	0.86	0.88	1.0	0.14	0.14	0.15		0.13	-0.06	0.04	0.08	0.18	0.87	-0.11	0.02	0.0	-0.01	0.08	0.23	0.0
Income Before Tax	0.62	0.1	0.55	0.52	0.13	1.0	1.0	1.0	0.13		0.83	0.91	0.62	-0.44	0.29	-0.82	0.96	-0.15	0.62	0.39	-0.27	0.13
Total Other Income Expense Net	0.65	0.3	0.31	0.27	-0.06	0.83	0.83	0.83	-0.06	0.83		0.87	0.42	-0.5	0.1	-0.83	0.86	-0.29	0.74	0.45	-0.51	0.28
Net Income	0.68	0.38	0.48	0.43	0.04	0.91	0.91	0.91	0.04	0.91	0.87		0.36	-0.35	0.29	-0.9	0.96	-0.46	0.76	0.49	-0.57	0.34
Income Tax Expense	0.15	-0.19	0.28	0.31	0.08	0.63	0.63	0.62	0.08	0.62	0.42	0.36		-0.47	0.09	-0.31	0.39	0.59	0.09	-0.03	0.16	-0.2
Selling General Administrative	0.08	0.11	0.15	0.16	0.18	-0.45	-0.45	-0.43	0.18	-0.44	-0.5	-0.35	-0.47		0.37	0.56	-0.42	0.04	-0.17	-0.1	0.09	-0.02
Selling And Marketing Expenses	0.53	0.22	0.92	0.92	0.87	0.29	0.29	0.31	0.87	0.29	0.1	0.29	0.09	0.37		-0.21	0.2	-0.12	0.19	0.16	-0.12	0.11
Cost Of Revenue	-0.57	-0.31	-0.43	-0.4	-0.11	-0.83	-0.83	-0.83	-0.11	-0.82	-0.83	-0.9	-0.31	0.56	-0.21		-0.86	0.52	-0.7	-0.46	0.54	-0.3
Net Income From Continuing Ops	0.65	0.2	0.44	0.41	0.02	0.95	0.95	0.95	0.02	0.96	0.86	0.96	0.39	-0.42	0.2	-0.86		-0.39	0.71	0.47	-0.41	0.24
Tax Provision	-0.3	-0.46	-0.1	-0.05	0.0	-0.15	-0.15	-0.16	0.0	-0.15	-0.29	-0.46	0.59	0.04	-0.12	0.52	-0.39		-0.48	-0.4	0.62	-0.49
Net Interest Income	0.69	0.73	0.37	0.32	-0.01	0.61	0.61	0.62	-0.01	0.62	0.74	0.76	0.09	-0.17	0.19	-0.7	0.71	-0.48		0.88	-0.49	0.7
Interest Income	0.48	0.79	0.32	0.28	0.08	0.39	0.39	0.4	0.08	0.39	0.45	0.49	-0.03	-0.1	0.16	-0.46	0.47	-0.4	0.88		-0.19	0.88
Reconciled Depreciation	-0.37	-0.48	0.0	0.03	0.23	-0.27	-0.27	-0.28	0.23	-0.27	-0.51	-0.57	0.16	0.09	-0.12	0.54	-0.41	0.62	-0.49	-0.19		-0.27
Extraordinary Items	0.29	0.91	0.15	0.1	0.0	0.13	0.13	0.14	0.0	0.13	0.28	0.34	-0.2	-0.02	0.11	-0.3	0.24	-0.49	0.7	0.88	-0.27

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Bank of America Account Relationship Matchups

Bank of America income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.7B	1.8B	1.9B	2.0B	2.0B	1.6B
Interest Expense	22.3B	8.2B	4.7B	20.1B	73.3B	77.0B
Total Revenue	85.6B	74.2B	89.1B	95.0B	98.6B	64.8B
Gross Profit	85.6B	74.2B	84.5B	92.4B	94.2B	61.2B
Other Operating Expenses	52.8B	55.2B	59.7B	61.4B	65.8B	38.3B
Operating Income	32.8B	19.0B	34.0B	31.0B	28.3B	16.4B
Ebit	32.8B	19.0B	34.0B	31.0B	28.3B	16.4B
Ebitda	34.5B	20.8B	35.9B	32.9B	30.4B	18.0B
Total Operating Expenses	52.8B	55.2B	59.7B	61.4B	65.8B	38.3B
Income Before Tax	32.8B	19.0B	34.0B	31.0B	28.3B	16.4B
Total Other Income Expense Net	32.8B	19.0B	34.0B	31.0B	28.3B	29.8B
Net Income	27.4B	17.9B	32.0B	27.5B	26.5B	27.8B
Income Tax Expense	5.3B	1.1B	2.0B	3.4B	1.8B	1.7B
Selling General Administrative	6.2B	6.9B	7.5B	8.4B	8.9B	12.6B
Selling And Marketing Expenses	1.9B	1.7B	1.9B	1.8B	1.9B	1.7B
Cost Of Revenue	16.3B	227M	4.6B	2.5B	4.4B	4.2B
Net Income Applicable To Common Shares	26.0B	16.5B	30.6B	26.0B	29.9B	31.4B
Preferred Stock And Other Adjustments	1.5B	1.4B	1.4B	1.5B	1.4B	1.6B
Net Income From Continuing Ops	27.4B	17.9B	32.0B	27.5B	26.5B	17.4B
Tax Provision	5.3B	1.1B	2.0B	3.4B	1.8B	1.7B
Net Interest Income	48.9B	43.4B	42.9B	52.5B	56.9B	50.9B
Interest Income	71.2B	51.6B	47.7B	72.6B	130.3B	73.1B
Reconciled Depreciation	1.7B	1.8B	1.9B	2.0B	2.1B	1.6B

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When determining whether Bank of America offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bank of America's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bank Of America Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bank Of America Stock:

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For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of America. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of America listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.10)

Dividend Share

0.98

Earnings Share

2.76

Revenue Per Share

11.95

Quarterly Revenue Growth

(0.01)

The market value of Bank of America is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of America's value that differs from its market value or its book value, called intrinsic value, which is Bank of America's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of America's market value can be influenced by many factors that don't directly affect Bank of America's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Bank of America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Bank Historical Income Statement

About Bank Income Statement Analysis

Bank of America Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Net Income

Bank of America income statement Correlations

Bank of America Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of America income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Total Operating Expenses	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit

Cost Of Revenue	- 0.9	Net Income
Net Income From Continuing Ops	- 0.86	Cost Of Revenue
Cost Of Revenue	- 0.83	Total Other Income Expense Net
Cost Of Revenue	- 0.83	Ebitda
Cost Of Revenue	- 0.83	Ebit
Cost Of Revenue	- 0.83	Operating Income