Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of business and is important item when evaluating financial statements of a company. Revenues from a firm's main business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can includes product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
B of A Revenue Assessment
Based on latest financial disclosure Bank of America Corporation reported 80.69 B of revenue. This is 1554.29% higher than that of Financial sector, and 135.97% higher than that of Money Center Banks industry, The Revenue for all stocks is 696.53% lower than the firm.
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Bank of America Corporation is rated fifth in revenue category among related companies. Market size based on revenue of Money Center Banks industry is currently estimated at about 666.6 Billion. B of A retains roughly 80.69 Billion in revenue claiming about 12% of all equities under Money Center Banks industry.
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