Bank Financial Statements From 2010 to 2024

BAC Stock  USD 37.92  0.11  0.29%   
Bank of America 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 Bank of America financial statements helps investors assess Bank of America's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Bank of America's valuation are summarized below:
Gross Profit
92.4 B
Profit Margin
0.2815
Market Capitalization
292.7 B
Revenue
94.2 B
Earnings Share
3.08
We have found one hundred twenty available fundamental signals for Bank Of America, which can be analyzed and compared to other ratios and to its rivals. Investors should ensure to validate all of Bank of America's prevailing performance against the performance from 2010 to 2024 to make sure the company is sustainable down the road.
Check Bank of America financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bank main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.6 B, Interest Expense of 77 B or Total Revenue of 64.8 B, as well as many exotic indicators such as Short Term Coverage Ratios of 1.47, Price Earnings Ratio of 11.05 or Price To Sales Ratio of 2.18. Bank financial statements analysis is a perfect complement when working with Bank of America Valuation or Volatility modules.
  
This module can also supplement Bank of America's financial leverage analysis and stock options assessment as well as various Bank of America Technical models . Check out the analysis of Bank of America Correlation against competitors.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

Bank of America Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.7 T3.2 T2.3 T
Slightly volatile
Short and Long Term Debt Total241.9 B334.3 B269.3 B
Pretty Stable
Total Current LiabilitiesT958.6 B164.3 B
Slightly volatile
Total Stockholder Equity166.8 B291.6 B236.4 B
Slightly volatile
Property Plant And Equipment Net9.4 B11.9 B10.1 B
Slightly volatile
Retained Earnings235.9 B224.7 B126.1 B
Slightly volatile
Cash358.5 B341.4 B206.7 B
Slightly volatile
Non Current Assets Total2.3 T2.2 T921.7 B
Slightly volatile
Net Receivables52.2 B96.7 B72.1 B
Pretty Stable
Common Stock Shares Outstanding6.7 B8.1 B9.1 B
Very volatile
Liabilities And Stockholders Equity1.7 T3.2 T2.3 T
Slightly volatile
Non Current Liabilities Total991.7 B1.9 T1.3 T
Very volatile
Other Current Assets811 B981 B933.7 B
Pretty Stable
Total Liabilities1.5 T2.9 TT
Slightly volatile
Property Plant And Equipment Gross9.1 B12.7 B10.1 B
Slightly volatile
Total Current AssetsT981 B587.7 B
Slightly volatile
Short Term Debt49.7 B32.1 B28.7 B
Pretty Stable
Common Stock Total Equity94.8 B67.8 B110.1 B
Slightly volatile
Common Stock93.5 B56.4 B109.3 B
Slightly volatile
Other Liabilities4.8 B5.1 B77.9 B
Slightly volatile
Accounts Payable352.2 B201.7 B315.6 B
Pretty Stable
Other Assets261.2 M275 M869.7 B
Pretty Stable
Long Term Debt282.8 B302.2 B310.7 B
Pretty Stable
Good Will65.2 B69 B65.2 B
Slightly volatile
Short Term Investments236.1 B266.6 B258 B
Pretty Stable
Preferred Stock Total Equity17.3 B32.7 B20.9 B
Slightly volatile
Intangible Assets1.8 B1.9 B6.1 B
Slightly volatile
Property Plant Equipment11.1 B13.2 B10.6 B
Slightly volatile
Net Tangible Assets192 B234.8 B179.7 B
Slightly volatile
Long Term Debt Total297.6 B248.4 B358.8 B
Slightly volatile
Long Term Investments968.6 BT1.2 T
Slightly volatile
Non Current Liabilities Other159.2 B176.1 B194.8 B
Slightly volatile
Short and Long Term Debt30.5 B32.1 B221.6 B
Slightly volatile
Capital Surpluse84.3 B53 B112.2 B
Slightly volatile
Earning Assets1.2 T1.9 T1.1 T
Slightly volatile
Net Invested Capital586 B597.6 B523.3 B
Slightly volatile
Capital Stock83.5 B84.8 B122.6 B
Slightly volatile

Bank of America Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization1.6 BB1.5 B
Slightly volatile
Interest Expense77 B73.3 B21.6 B
Slightly volatile
Total Revenue64.8 B98.6 B78.1 B
Slightly volatile
Gross Profit64.8 B94.2 B78 B
Slightly volatile
Other Operating Expenses33.9 B65.8 B55.4 B
Very volatile
EBITDA18 B30.4 B21.5 B
Slightly volatile
Net Income27.8 B26.5 B16.8 B
Slightly volatile
Selling General Administrative12.6 B8.9 B10.9 B
Pretty Stable
Selling And Marketing Expenses1.7 B1.9 B1.7 B
Slightly volatile
Net Income Applicable To Common Shares31.4 B29.9 B17.2 B
Slightly volatile
Preferred Stock And Other Adjustments1.6 B1.4 B1.9 B
Slightly volatile
Net Income From Continuing Ops17.4 B26.5 B17.1 B
Slightly volatile
Tax Provision1.7 B1.8 B5.2 B
Slightly volatile
Net Interest Income50.9 B56.9 B44.2 B
Slightly volatile
Interest Income73.1 B130.3 B61.3 B
Slightly volatile
Reconciled Depreciation1.6 B2.1 BB
Slightly volatile

Bank of America Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow241.7 B230.2 B174.7 B
Slightly volatile
Depreciation2.2 B2.1 B2.2 B
Pretty Stable
Net Income27.8 B26.5 B17.5 B
Slightly volatile
End Period Cash Flow349.7 B333.1 B197.4 B
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price Earnings Ratio11.0510.195118.5936
Slightly volatile
Price To Sales Ratio2.182.87012.6341
Slightly volatile
Dividend Yield0.03730.03360.0238
Slightly volatile
Price Book Value Ratio1.530.92690.9689
Slightly volatile
Dividend Payout Ratio0.510.34270.4073
Slightly volatile
Ebt Per Ebit1.061.030.9486
Pretty Stable
Effective Tax Rate0.06120.06450.6713
Slightly volatile
Company Equity Multiplier12.6810.904110.0906
Pretty Stable
Long Term Debt To Capitalization0.580.50890.4916
Pretty Stable
Cash Per Share79.5275.737750.5209
Slightly volatile
Total Debt To Capitalization0.670.53410.537
Very volatile
Payout Ratio0.510.34270.4073
Slightly volatile
Debt Equity Ratio1.841.14631.1811
Very volatile
Quick Ratio0.70.735214.1731
Slightly volatile
Cash Ratio0.340.35625.5967
Slightly volatile
Days Of Sales Outstanding393375346
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.670.860.9381
Slightly volatile
Price To Book Ratio1.530.92690.9689
Slightly volatile
Current Ratio0.971.023415.3307
Pretty Stable
Fixed Asset Turnover5.067.94497.4214
Slightly volatile
Enterprise Value Multiple8.238.665532.227
Slightly volatile
Debt Ratio0.170.10510.1207
Pretty Stable
Price Sales Ratio2.182.87012.6341
Slightly volatile
Return On Assets0.00950.00830.007
Slightly volatile
Receivables Turnover0.930.9741.4274
Slightly volatile
Asset Turnover0.04710.02960.0368
Slightly volatile
Net Profit Margin0.160.28150.1952
Slightly volatile
Price Fair Value1.530.92690.9689
Slightly volatile
Return On Equity0.110.09090.0727
Slightly volatile

Bank Fundamental Market Drivers

Forward Price Earnings11.4416
Cash And Short Term Investments-27.9 B

Bank Upcoming Events

16th of April 2024
Upcoming Quarterly Report
View
16th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
10th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Bank of America Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Bank of America income statement, its balance sheet, and the statement of cash flows. Bank of America investors use historical funamental indicators, such as Bank of America's revenue or net income, to determine how well the company is positioned to perform in the future. Although Bank of America investors may use each financial statement separately, they are all related. The changes in Bank of America's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bank of America'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 Bank of America Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Bank of America. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Total Revenue98.6 B64.8 B
Cost Of Revenue-204.3 M-194.1 M
Ebit Per Revenue 0.30  0.31 

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 the analysis of Bank of America Correlation against competitors.
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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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.