Bank Historical Income Statement
BAC Stock | USD 37.81 0.72 1.94% |
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 64.8 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.
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.
Bank |
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
Bank Of America Income Statement is one of the three primary financial statements used for reporting Bank's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Bank Of America revenue and expense. Bank of America Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Bank of America's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Other Income Expense Net is expected to grow to about 29.8 B, whereas Depreciation And Amortization is forecasted to decline to about 1.6 B. Add Fundamental
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.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 tightly coupled 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 Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Other Income Expense Net is expected to grow to about 29.8 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 |
Bank of America income statement Correlations
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Bank of America Account Relationship Matchups
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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 | 93.7B | 92.4B | 94.2B | 64.8B | |
Other Operating Expenses | 52.8B | 55.2B | 59.7B | 61.4B | 65.8B | 33.9B | |
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 | 69.1B | |
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 | |
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 |
Pair Trading with Bank of America
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 America 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 America will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
0.9 | C | Citigroup Aggressive Push | PairCorr |
0.87 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
0.8 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Bank of America 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 America 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 America - 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 America 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 America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Of America 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 America 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 tightly coupled 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.Note that the Bank Of America information on this page should be used as a complementary analysis to other Bank of America's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Bank Stock analysis
When running Bank of America's price analysis, check to measure Bank of America's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.
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Is Bank of America's industry 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 (0.61) | Dividend Share 0.92 | Earnings Share 3.08 | Revenue Per Share 11.731 | Quarterly Revenue Growth (0.11) |
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.