Bank Income Statement Research

BAC Stock

USD 35.77 0.54 1.53%

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 Bank of America Valuation and Bank of America Correlation analysis.

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.

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

Interest Expense Depreciation And Amortization

Bank of America income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.36	0.63	0.63	0.33	0.62	0.62	0.64	0.39	0.62	0.41	0.69	0.15	0.08	0.53	-0.58	0.65	-0.3	0.69	0.48	-0.37	0.29
Interest Expense	0.36		0.18	0.14	-0.03	0.1	0.1	0.11	0.32	0.1	0.42	0.4	-0.19	0.11	0.22	-0.19	0.2	-0.46	0.73	0.79	-0.48	0.91
Total Revenue	0.63	0.18		1.0	0.87	0.55	0.55	0.56	0.82	0.55	0.16	0.46	0.28	0.15	0.92	-0.4	0.44	-0.1	0.37	0.32	0.0	0.15
Gross Profit	0.63	0.14	1.0		0.87	0.56	0.56	0.57	0.82	0.55	0.16	0.46	0.29	0.15	0.93	-0.41	0.45	-0.1	0.32	0.26	-0.02	0.1
Other Operating Expenses	0.33	-0.03	0.87	0.87		0.16	0.16	0.17	0.87	0.15	-0.02	0.03	0.1	0.18	0.87	-0.1	0.03	0.02	-0.01	0.07	0.25	-0.02
Operating Income	0.62	0.1	0.55	0.56	0.16		1.0	1.0	0.14	1.0	0.4	0.89	0.63	-0.45	0.29	-0.81	0.95	-0.15	0.61	0.39	-0.27	0.13
Ebit	0.62	0.1	0.55	0.56	0.16	1.0		1.0	0.14	1.0	0.4	0.89	0.63	-0.45	0.29	-0.81	0.95	-0.15	0.61	0.39	-0.27	0.13
Ebitda	0.64	0.11	0.56	0.57	0.17	1.0	1.0		0.15	1.0	0.4	0.89	0.62	-0.43	0.31	-0.81	0.95	-0.16	0.62	0.4	-0.28	0.14
Total Operating Expenses	0.39	0.32	0.82	0.82	0.87	0.14	0.14	0.15		0.13	0.14	0.19	0.03	0.2	0.9	-0.19	0.05	-0.17	0.16	0.15	-0.12	0.21
Income Before Tax	0.62	0.1	0.55	0.55	0.15	1.0	1.0	1.0	0.13		0.4	0.89	0.62	-0.44	0.29	-0.8	0.96	-0.15	0.62	0.39	-0.27	0.13
Total Other Income Expense Net	0.41	0.42	0.16	0.16	-0.02	0.4	0.4	0.4	0.14	0.4		0.66	-0.25	-0.32	0.12	-0.69	0.57	-0.77	0.64	0.46	-0.72	0.42
Net Income	0.69	0.4	0.46	0.46	0.03	0.89	0.89	0.89	0.19	0.89	0.66		0.3	-0.33	0.29	-0.88	0.96	-0.5	0.78	0.51	-0.61	0.36
Income Tax Expense	0.15	-0.19	0.28	0.29	0.1	0.63	0.63	0.62	0.03	0.62	-0.25	0.3		-0.47	0.09	-0.23	0.39	0.59	0.09	-0.03	0.16	-0.2
Selling General Administrative	0.08	0.11	0.15	0.15	0.18	-0.45	-0.45	-0.43	0.2	-0.44	-0.32	-0.33	-0.47		0.37	0.51	-0.42	0.04	-0.17	-0.1	0.09	-0.02
Selling And Marketing Expenses	0.53	0.22	0.92	0.93	0.87	0.29	0.29	0.31	0.9	0.29	0.12	0.29	0.09	0.37		-0.23	0.2	-0.12	0.19	0.16	-0.12	0.11
Cost Of Revenue	-0.58	-0.19	-0.4	-0.41	-0.1	-0.81	-0.81	-0.81	-0.19	-0.8	-0.69	-0.88	-0.23	0.51	-0.23		-0.86	0.57	-0.61	-0.35	0.62	-0.19
Net Income From Continuing Ops	0.65	0.2	0.44	0.45	0.03	0.95	0.95	0.95	0.05	0.96	0.57	0.96	0.39	-0.42	0.2	-0.86		-0.39	0.71	0.47	-0.41	0.24
Tax Provision	-0.3	-0.46	-0.1	-0.1	0.02	-0.15	-0.15	-0.16	-0.17	-0.15	-0.77	-0.5	0.59	0.04	-0.12	0.57	-0.39		-0.48	-0.4	0.62	-0.49
Net Interest Income	0.69	0.73	0.37	0.32	-0.01	0.61	0.61	0.62	0.16	0.62	0.64	0.78	0.09	-0.17	0.19	-0.61	0.71	-0.48		0.88	-0.49	0.7
Interest Income	0.48	0.79	0.32	0.26	0.07	0.39	0.39	0.4	0.15	0.39	0.46	0.51	-0.03	-0.1	0.16	-0.35	0.47	-0.4	0.88		-0.19	0.88
Reconciled Depreciation	-0.37	-0.48	0.0	-0.02	0.25	-0.27	-0.27	-0.28	-0.12	-0.27	-0.72	-0.61	0.16	0.09	-0.12	0.62	-0.41	0.62	-0.49	-0.19		-0.27
Extraordinary Items	0.29	0.91	0.15	0.1	-0.02	0.13	0.13	0.14	0.21	0.13	0.42	0.36	-0.2	-0.02	0.11	-0.19	0.24	-0.49	0.7	0.88	-0.27

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Bank of America Account Relationship Matchups

Bank of America income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
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
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
Income Before Tax	32.8B	19.0B	34.0B	31.0B	28.3B	16.4B
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
Cost Of Revenue	16.3B	(227M)	(4.6B)	2.5B	4.4B	4.2B
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

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

0.97	C	Citigroup Financial Report 12th of July 2024	Pair Corr
0.95	CM	Canadian Imperial Bank Financial Report 23rd of May 2024	Pair Corr
0.9	NU	Nu Holdings Financial Report 20th of May 2024	Pair Corr
0.76	RY	Royal Bank Financial Report 23rd of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Bank

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Is Bank Stock a good investment?

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What is Bank of America's Net Worth?

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Check out Bank of America Valuation and Bank of America Correlation analysis.

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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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

(0.19)

Dividend Share

0.94

Earnings Share

2.9

Revenue Per Share

11.664

Quarterly Revenue Growth

(0.03)

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.

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Bank Income Statement Research

Bank of America income statement Correlations

Bank of America Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of America income statement Accounts

Pair Trading with Bank of America

Moving together with Bank Stock

Complementary Tools for Bank Stock analysis

COMMON DESTINATIONS

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COMPANY

Gross Profit	+ 1.0	Total Revenue
Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebit

Cost Of Revenue	- 0.88	Net Income
Net Income From Continuing Ops	- 0.86	Cost Of Revenue
Cost Of Revenue	- 0.81	Ebitda
Cost Of Revenue	- 0.81	Ebit
Cost Of Revenue	- 0.81	Operating Income
Cost Of Revenue	- 0.8	Income Before Tax