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.
 
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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.
  
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.

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.

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 Expense4.7B20.1B73.3B77.0B
Depreciation And Amortization1.9B2.0B2.0B1.6B

Bank of America income statement Correlations

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0.360.180.14-0.030.10.10.110.320.10.420.4-0.190.110.22-0.360.2-0.460.730.79-0.480.91
0.630.181.00.870.550.550.560.820.550.160.460.280.150.92-0.420.44-0.10.370.320.00.15
0.630.141.00.870.560.560.570.820.550.160.460.290.150.93-0.410.45-0.10.320.26-0.020.1
0.33-0.030.870.870.160.160.170.870.15-0.020.030.10.180.87-0.090.030.02-0.010.070.25-0.02
0.620.10.550.560.161.01.00.141.00.40.890.63-0.450.29-0.80.95-0.150.610.39-0.270.13
0.620.10.550.560.161.01.00.141.00.40.890.63-0.450.29-0.80.95-0.150.610.39-0.270.13
0.640.110.560.570.171.01.00.151.00.40.890.62-0.430.31-0.810.95-0.160.620.4-0.280.14
0.390.320.820.820.870.140.140.150.130.140.190.030.20.9-0.230.05-0.170.160.15-0.120.21
0.620.10.550.550.151.01.01.00.130.40.890.62-0.440.29-0.80.96-0.150.620.39-0.270.13
0.410.420.160.16-0.020.40.40.40.140.40.66-0.25-0.320.12-0.710.57-0.770.640.46-0.720.42
0.690.40.460.460.030.890.890.890.190.890.660.3-0.330.29-0.910.96-0.50.780.51-0.610.36
0.15-0.190.280.290.10.630.630.620.030.62-0.250.3-0.470.09-0.230.390.590.09-0.030.16-0.2
0.080.110.150.150.18-0.45-0.45-0.430.2-0.44-0.32-0.33-0.470.370.51-0.420.04-0.17-0.10.09-0.02
0.530.220.920.930.870.290.290.310.90.290.120.290.090.37-0.230.2-0.120.190.16-0.120.11
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0.650.20.440.450.030.950.950.950.050.960.570.960.39-0.420.2-0.87-0.390.710.47-0.410.24
-0.3-0.46-0.1-0.10.02-0.15-0.15-0.16-0.17-0.15-0.77-0.50.590.04-0.120.6-0.39-0.48-0.40.62-0.49
0.690.730.370.32-0.010.610.610.620.160.620.640.780.09-0.170.19-0.730.71-0.480.88-0.490.7
0.480.790.320.260.070.390.390.40.150.390.460.51-0.03-0.10.16-0.490.47-0.40.88-0.190.88
-0.37-0.480.0-0.020.25-0.27-0.27-0.28-0.12-0.27-0.72-0.610.160.09-0.120.61-0.410.62-0.49-0.19-0.27
0.290.910.150.1-0.020.130.130.140.210.130.420.36-0.2-0.020.11-0.350.24-0.490.70.88-0.27
Click cells to compare fundamentals

Bank of America Account Relationship Matchups

Bank of America income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization1.7B1.8B1.9B2.0B2.0B1.6B
Interest Expense22.3B8.2B4.7B20.1B73.3B77.0B
Total Revenue85.6B74.2B89.1B95.0B98.6B64.8B
Gross Profit85.6B74.2B93.7B92.4B94.2B64.8B
Other Operating Expenses52.8B55.2B59.7B61.4B65.8B33.9B
Operating Income32.8B19.0B34.0B31.0B28.3B16.4B
Ebit32.8B19.0B34.0B31.0B28.3B16.4B
Ebitda34.5B20.8B35.9B32.9B30.4B18.0B
Total Operating Expenses52.8B55.2B59.7B61.4B65.8B69.1B
Income Before Tax32.8B19.0B34.0B31.0B28.3B16.4B
Total Other Income Expense Net32.8B19.0B34.0B31.0B28.3B29.8B
Net Income27.4B17.9B32.0B27.5B26.5B27.8B
Income Tax Expense5.3B1.1B2.0B3.4B1.8B1.7B
Selling General Administrative6.2B6.9B7.5B8.4B8.9B12.6B
Selling And Marketing Expenses1.9B1.7B1.9B1.8B1.9B1.7B
Net Income Applicable To Common Shares26.0B16.5B30.6B26.0B29.9B31.4B
Preferred Stock And Other Adjustments1.5B1.4B1.4B1.5B1.4B1.6B
Net Income From Continuing Ops27.4B17.9B32.0B27.5B26.5B17.4B
Tax Provision5.3B1.1B2.0B3.4B1.8B1.7B
Net Interest Income48.9B43.4B42.9B52.5B56.9B50.9B
Interest Income71.2B51.6B47.7B72.6B130.3B73.1B
Reconciled Depreciation1.7B1.8B1.9B2.0B2.1B1.6B

Bank of America Investors Sentiment

The influence of Bank of America's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bank. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Bank of America's public news can be used to forecast risks associated with an investment in Bank. The trend in average sentiment can be used to explain how an investor holding Bank can time the market purely based on public headlines and social activities around Bank Of America. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bank of America's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Bank of America's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Bank of America's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bank of America.

Bank of America Implied Volatility

    
  32.09  
Bank of America's implied volatility exposes the market's sentiment of Bank Of America stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bank of America's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Bank of America stock will not fluctuate a lot when Bank of America's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bank of America in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bank of America's short interest history, or implied volatility extrapolated from Bank of America options trading.

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

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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.
Pair CorrelationCorrelation Matching
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:
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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.