B of A Historical Income Statement

BAC -- USA Stock  

Earnings Call 

Historical analysis of B of A income statement accounts such as Earning Before Interest and Taxes EBIT of 10.3 B, Gross Profit of 88.7 B or Net Income of 26.3 B can show how well Bank Of America Corporation performed in making a profits. Evaluating B of A income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of B of A future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Bank Of America latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Bank Of America is a good buy for the upcoming year. Check also Trending Equities.
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Bank Of America Corporation Income Statement Chart
Consolidated Income    Earning Before Interest and Taxes EBIT    Net Income    Revenues    Weighted Average Shares    

Consolidated Income

The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of [NetIncNCI].

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding [TaxExp] and [IntExp] back to [NetInc].

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 Corporation operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of [NetIncNCI] from [ConsolInc]; and before the deduction of [PrefDivIS].

Revenues

Revenues refers to the total amount of money received by B of A for goods sold or services provided during a certain time period. It also includes all of Bank Of America sales as well as any other increase in Bank Of America Corporation equity.Revenues are reported on Bank Of America income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.

Weighted Average Shares

The weighted average number of shares or units issued and outstanding that are used by the company to calculate Earnings per Basic Share; determined based on the timing of issuance of shares or units in the period.
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