B of A Financial Statements From 2010 to 2022

BAC -  USA Stock  

USD 36.67  0.83  2.32%

B of A financial statements provide useful quarterly and yearly information to potential Bank Of America investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on B of A financial statements helps investors assess B of A's valuation, profitability, and current liquidity needs.
We have found eighty-five available fundamental signals for Bank Of America, which can be analyzed and compared to other ratios and to its rivals. Make sure you validate all of Bank Of America prevailing market performance against the performance between 2010 and 2022 to make sure the company can sustain itself down the road.
B of A Revenue Per Employee is projected to increase significantly based on the last few years of reporting. The past year's Revenue Per Employee was at 395,057. The current year Average Equity is expected to grow to about 291.2 B, whereas Net Income Per Employee is forecasted to decline to about 65.8 K.
  
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Check B of A financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among B of A main balance sheet or income statement drivers, such as Consolidated Income of 26.3 B, Earning Before Interest and Taxes EBIT of 29.7 B or Gross Profit of 97.6 B, as well as many exotic indicators such as Calculated Tax Rate of 5.36, PPandE Turnover of 8.14 or Cash and Equivalents Turnover of 0.41. B of A financial statements analysis is a perfect complement when working with B of A Valuation or Volatility modules. It can also supplement various B of A Technical models. Continue to the analysis of B of A Correlation against competitors.

B of A Revenues

97.55 Billion

Share

B of A Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets3033.3 B3169.5 B2392.3 B
Increasing
Slightly volatile
Cash and Equivalents564.3 B606.1 B429.4 B
Increasing
Slightly volatile
Investments1891.9 B2000.3 B1471.1 B
Increasing
Slightly volatile
Deposit Liabilities1866.6 B2064.4 B1363.1 B
Increasing
Slightly volatile
Property Plant and Equipment Net10.1 B10.8 B10.8 B
Decreasing
Slightly volatile
Trade and Non Trade Receivables64.7 B72.3 B63.7 B
Decreasing
Very volatile
Goodwill and Intangible Assets67.5 B69 B74.4 B
Decreasing
Slightly volatile
Total Liabilities2743.5 B2899.4 B2136.4 B
Increasing
Slightly volatile
Shareholders Equity289.8 B270.1 B255.8 B
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit163.1 B188.1 B111 B
Increasing
Slightly volatile
Total Debt463.8 B496.2 B490.9 B
Decreasing
Slightly volatile
Shareholders Equity USD289.8 B270.1 B255.8 B
Increasing
Slightly volatile
Cash and Equivalents USD564.3 B606.1 B429.4 B
Increasing
Slightly volatile
Total Debt USD463.8 B496.2 B490.9 B
Decreasing
Slightly volatile
Long Term Debt311 B301.7 B269.6 B
Decreasing
Slightly volatile

B of A Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues97.6 B89.1 B88.7 B
Increasing
Stable
Selling General and Administrative Expense50.8 B50.1 B58.8 B
Decreasing
Slightly volatile
Operating Expenses57.8 B59.7 B63.5 B
Decreasing
Slightly volatile
Income Tax Expense2.1 BB3.4 B
Increasing
Slightly volatile
Consolidated Income26.3 B32 B16 B
Increasing
Slightly volatile
Net Income26.3 B32 B16 B
Increasing
Slightly volatile
Preferred Dividends Income Statement Impact1.7 B1.6 B1.5 B
Increasing
Slightly volatile
Net Income Common Stock24.7 B30.6 B14.5 B
Increasing
Slightly volatile
Weighted Average Shares8.7 B8.5 B9.9 B
Decreasing
Slightly volatile
Weighted Average Shares Diluted8.8 B8.6 B10.2 B
Decreasing
Slightly volatile
Earning Before Interest and Taxes EBIT29.7 B34 B19.5 B
Increasing
Slightly volatile
Revenues USD97.6 B89.1 B88.7 B
Increasing
Stable
Net Income Common Stock USD24.7 B30.6 B14.5 B
Increasing
Slightly volatile
Earning Before Interest and Taxes USD29.7 B34 B19.5 B
Increasing
Slightly volatile
Gross Profit97.6 B89.1 B88.7 B
Increasing
Stable
Operating Income29.9 B29.4 B24.5 B
Increasing
Slightly volatile

B of A Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Capital Expenditure6.2 M5.8 M(196.7 M)
Increasing
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(318 B)(309.8 B)(80.1 B)
Decreasing
Slightly volatile
Net Cash Flow from Financing314.7 B291.6 B67.3 B
Increasing
Slightly volatile
Issuance Repayment of Debt Securities 60.7 B56.3 B(24.2 B)
Increasing
Slightly volatile
Net Cash Flow from Investing(321.5 B)(313.3 B)(80.6 B)
Decreasing
Slightly volatile
Net Cash Flow from Operations(7.4 B)(7.2 B)32.1 B
Decreasing
Slightly volatile
Effect of Exchange Rate Changes on Cash (3.5 B)(3.4 B)(825.1 M)
Decreasing
Very volatile
Net Cash Flow or Change in Cash and Cash Equivalents(33.1 B)(32.2 B)16.8 B
Increasing
Very volatile
Share Based Compensation2.3 B2.8 B1.1 B
Increasing
Slightly volatile
Depreciation Amortization and AccretionB1.9 B2.4 B
Decreasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share3.883.61.6157
Increasing
Slightly volatile
Earnings per Diluted Share3.853.571.5848
Increasing
Slightly volatile
Earnings per Basic Share USD3.883.61.6157
Increasing
Slightly volatile
Dividends per Basic Common Share0.840.780.3586
Increasing
Slightly volatile
Return on Average Equity0.09520.1120.0572
Increasing
Slightly volatile
Return on Average Assets0.00910.010.006
Increasing
Slightly volatile
Return on Invested Capital0.01190.0120.0085
Increasing
Slightly volatile
Gross Margin0.890.90.9842
Decreasing
Slightly volatile
Profit Margin0.280.3430.1656
Increasing
Slightly volatile
EBITDA Margin0.360.4030.2501
Increasing
Slightly volatile
Return on Sales0.330.3810.2218
Increasing
Slightly volatile
Asset Turnover0.03110.0290.0375
Decreasing
Slightly volatile
Payout Ratio0.220.2170.7913
Decreasing
Slightly volatile
Enterprise Value over EBITDA9.228.9832.1866
Decreasing
Slightly volatile
Enterprise Value over EBIT9.719.0(238)
Increasing
Slightly volatile
Price to Earnings Ratio12.6812.358102
Decreasing
Slightly volatile
Sales per Share10.6310.4928.9897
Increasing
Slightly volatile
Price to Sales Ratio3.724.242.4986
Increasing
Slightly volatile
Price to Book Value1.21.3480.8309
Increasing
Slightly volatile
Debt to Equity Ratio10.4110.7368.3991
Increasing
Slightly volatile
Dividend Yield0.01680.0180.0125
Increasing
Slightly volatile
Free Cash Flow per Share(0.87)(0.847)3.1546
Decreasing
Slightly volatile
Book Value per Share31.6631.79825.9942
Increasing
Slightly volatile
Tangible Assets Book Value per Share327365237
Increasing
Slightly volatile
Total Assets Per Share251293236
Increasing
Slightly volatile
Cash Flow Per Share5.045.054.2613
Decreasing
Very volatile
Calculated Tax Rate5.365.227.3657
Increasing
Slightly volatile
PPandE Turnover8.147.819.3223
Increasing
Stable
Cash and Equivalents Turnover0.410.40.6894
Decreasing
Slightly volatile
Revenue to Assets0.04690.03820.0457
Decreasing
Slightly volatile

B of A Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax29.7 B34 B19.5 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA32 B35.9 B21.9 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD32 B35.9 B21.9 B
Increasing
Slightly volatile
Market Capitalization319.4 B364.1 B215.6 B
Increasing
Slightly volatile
Enterprise Value297.2 B322.1 B309.1 B
Decreasing
Slightly volatile
Invested Capital2929.6 B2990.6 B2384.3 B
Increasing
Slightly volatile
Average Equity291.2 B273.4 B255.3 B
Increasing
Slightly volatile
Average Assets2970.5 B3063.7 B2384.2 B
Increasing
Slightly volatile
Invested Capital Average2896.8 B2920.1 B2400 B
Increasing
Slightly volatile
Tangible Asset Value2954.1 B3100.5 B2317 B
Increasing
Slightly volatile
Free Cash Flow(7.4 B)(7.2 B)31.9 B
Decreasing
Slightly volatile
Revenue Per Employee398.8 K395.1 K444.6 K
Increasing
Stable
Net Income Per Employee65.8 K75.4 K63.4 K
Increasing
Slightly volatile

B of A Fundamental Market Drivers

Forward Price Earnings8.64
Short Percent Of Float1.07%
Average Daily Volume Last 10 Day51.52M
Shares Short Prior Month65.35M
Average Daily Volume In Three Month54.44M
Date Short Interest29th of April 2022
Fifty Day Average39.03
Two Hundred Day Average43.16

B of A Upcoming Events

Upcoming Quarterly Report19th of January 2022
Next Financial Report21st of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End19th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About B of A Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include B of A income statement, its balance sheet, and the statement of cash flows. B of A investors use historical funamental indicators, such as B of A's revenue or net income, to determine how well the company is positioned to perform in the future. Although B of A investors may use each financial statement separately, they are all related. The changes in B of A's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on B of A's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on B of A Financial Statements. Understanding these patterns can help to make the right decision on long term investment in B of A. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Revenues89.1 B97.6 B
Revenue to Assets 0.0382  0.0469 
Revenue Per Employee395.1 K398.8 K
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company was founded in 1784 and is based in Charlotte, North Carolina. B of A operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 208000 people.

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Our tools can tell you how much better you can do entering a position in B of A without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with B of A

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 B of A 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 B of A will appreciate offsetting losses from the drop in the long position's value.

B of A Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to B of A could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B of A 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 B of A - 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 B of A is a statistical measure of how it moves in relation to other equities. 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 B of A 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 B of A 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.
Pair CorrelationCorrelation Matching
Continue to the analysis of B of A Correlation against competitors. Note that the Bank Of America information on this page should be used as a complementary analysis to other B of A'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Bank Of America price analysis, check to measure B of A'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 B of A is operating at the current time. Most of B of A's value examination focuses on studying past and present price action to predict the probability of B of A's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move B of A's price. Additionally, you may evaluate how the addition of B of A to your portfolios can decrease your overall portfolio volatility.
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Is B of A'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 B of A. If investors know B of A 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 B of A listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Bank Of America is measured differently than its book value, which is the value of B of A that is recorded on the company's balance sheet. Investors also form their own opinion of B of A's value that differs from its market value or its book value, called intrinsic value, which is B of A'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 B of A's market value can be influenced by many factors that don't directly affect B of A'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 B of A's value and its price as these two are different measures arrived at by different means. Investors typically determine B of A value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B of A'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.