Bank Net Income vs Extraordinary Items Analysis

BAC Stock

USD 39.29 0.07 0.18%

Bank of America financial indicator trend analysis is way more than just evaluating Bank of America prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of America is a good investment. Please check the relationship between Bank of America Net Income and its Extraordinary Items accounts. 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.

Net Income vs Extraordinary Items

Net Income vs Extraordinary Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of America Net Income account and Extraordinary Items. At this time, the significance of the direction appears to have weak relationship.

The correlation between Bank of America's Net Income and Extraordinary Items is 0.34. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of Bank of America, assuming nothing else is changed. The correlation between historical values of Bank of America's Net Income and Extraordinary Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Bank of America are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Net Income i.e., Bank of America's Net Income and Extraordinary Items go up and down completely randomly.

Correlation Coefficient

0.34

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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 operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Extraordinary Items

Most indicators from Bank of America's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Enterprise Value is projected to increase significantly based on the last few years of reporting.

	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 fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Other Assets
Total Assets		0.78	0.09	0.92	0.8	-0.14	0.66	0.68	0.49	-0.58	0.48	0.69	-0.02	0.26	0.48	-0.07	1.0	0.82	0.58	0.21	-0.03	0.11	0.09	-0.21	0.26	0.46
Short Long Term Debt Total	0.78		0.13	0.8	0.98	0.38	0.35	0.43	0.36	-0.47	0.4	0.73	0.34	0.49	0.59	0.02	0.77	0.98	0.5	0.57	0.01	0.51	0.49	0.27	0.01	0.42
Total Current Liabilities	0.09	0.13		-0.04	0.12	-0.28	0.6	0.53	0.87	0.13	-0.75	0.05	0.02	0.11	0.06	-0.34	0.1	0.15	0.79	0.52	0.99	-0.2	-0.25	-0.21	-0.05	-0.77
Total Stockholder Equity	0.92	0.8	-0.04		0.81	0.09	0.47	0.48	0.29	-0.37	0.58	0.84	0.28	0.37	0.52	0.06	0.9	0.82	0.47	0.28	-0.16	0.43	0.41	-0.12	0.02	0.59
Property Plant And Equipment Net	0.8	0.98	0.12	0.81		0.33	0.4	0.46	0.38	-0.51	0.4	0.71	0.27	0.43	0.6	0.1	0.8	0.99	0.5	0.52	0.0	0.47	0.45	0.24	-0.01	0.45
Net Debt	-0.14	0.38	-0.28	0.09	0.33		-0.55	-0.64	-0.43	0.15	0.14	0.31	0.65	0.55	0.03	0.31	-0.17	0.31	-0.39	0.36	-0.31	0.72	0.72	0.7	-0.43	0.32
Retained Earnings	0.66	0.35	0.6	0.47	0.4	-0.55		0.88	0.88	-0.39	-0.12	0.19	-0.37	-0.04	0.17	-0.41	0.68	0.4	0.82	0.28	0.53	-0.36	-0.38	-0.61	0.28	-0.12
Cash	0.68	0.43	0.53	0.48	0.46	-0.64	0.88		0.82	-0.48	0.05	0.23	-0.33	-0.13	0.42	-0.32	0.69	0.47	0.88	0.27	0.46	-0.26	-0.28	-0.45	0.4	-0.09
Non Current Assets Total	0.49	0.36	0.87	0.29	0.38	-0.43	0.88	0.82		-0.29	-0.4	0.2	-0.18	0.11	0.2	-0.38	0.5	0.4	0.94	0.51	0.81	-0.26	-0.3	-0.35	0.22	-0.45
Non Currrent Assets Other	-0.58	-0.47	0.13	-0.37	-0.51	0.15	-0.39	-0.48	-0.29		-0.47	-0.11	0.46	-0.04	-0.38	0.05	-0.6	-0.48	-0.26	-0.1	0.19	0.16	0.15	-0.07	-0.46	-0.35
Cash And Short Term Investments	0.48	0.4	-0.75	0.58	0.4	0.14	-0.12	0.05	-0.4	-0.47		0.39	0.07	0.04	0.38	0.27	0.46	0.37	-0.19	-0.14	-0.83	0.4	0.43	0.1	0.25	0.92
Net Receivables	0.69	0.73	0.05	0.84	0.71	0.31	0.19	0.23	0.2	-0.11	0.39		0.68	0.56	0.44	0.27	0.67	0.73	0.41	0.43	-0.05	0.67	0.64	0.2	-0.11	0.4
Common Stock Shares Outstanding	-0.02	0.34	0.02	0.28	0.27	0.65	-0.37	-0.33	-0.18	0.46	0.07	0.68		0.59	0.12	0.27	-0.05	0.28	0.02	0.47	-0.02	0.87	0.85	0.47	-0.44	0.12
Non Current Liabilities Total	0.26	0.49	0.11	0.37	0.43	0.55	-0.04	-0.13	0.11	-0.04	0.04	0.56	0.59		-0.19	0.04	0.25	0.42	0.14	0.52	0.06	0.52	0.5	0.34	-0.39	0.1
Other Current Assets	0.48	0.59	0.06	0.52	0.6	0.03	0.17	0.42	0.2	-0.38	0.38	0.44	0.12	-0.19		0.22	0.47	0.63	0.42	0.29	-0.02	0.36	0.35	0.2	0.22	0.24
Other Stockholder Equity	-0.07	0.02	-0.34	0.06	0.1	0.31	-0.41	-0.32	-0.38	0.05	0.27	0.27	0.27	0.04	0.22		-0.08	0.1	-0.27	-0.15	-0.35	0.4	0.41	0.39	-0.17	0.31
Total Liab	1.0	0.77	0.1	0.9	0.8	-0.17	0.68	0.69	0.5	-0.6	0.46	0.67	-0.05	0.25	0.47	-0.08		0.81	0.59	0.21	-0.02	0.07	0.05	-0.22	0.28	0.44
Property Plant And Equipment Gross	0.82	0.98	0.15	0.82	0.99	0.31	0.4	0.47	0.4	-0.48	0.37	0.73	0.28	0.42	0.63	0.1	0.81		0.52	0.5	0.03	0.45	0.43	0.23	0.0	0.41
Total Current Assets	0.58	0.5	0.79	0.47	0.5	-0.39	0.82	0.88	0.94	-0.26	-0.19	0.41	0.02	0.14	0.42	-0.27	0.59	0.52		0.57	0.71	-0.01	-0.04	-0.3	0.2	-0.3
Short Term Debt	0.21	0.57	0.52	0.28	0.52	0.36	0.28	0.27	0.51	-0.1	-0.14	0.43	0.47	0.52	0.29	-0.15	0.21	0.5	0.57		0.44	0.52	0.5	0.34	-0.15	-0.12
Other Current Liab	-0.03	0.01	0.99	-0.16	0.0	-0.31	0.53	0.46	0.81	0.19	-0.83	-0.05	-0.02	0.06	-0.02	-0.35	-0.02	0.03	0.71	0.44		-0.27	-0.31	-0.22	-0.05	-0.85
Common Stock Total Equity	0.11	0.51	-0.2	0.43	0.47	0.72	-0.36	-0.26	-0.26	0.16	0.4	0.67	0.87	0.52	0.36	0.4	0.07	0.45	-0.01	0.52	-0.27		1.0	0.55	-0.4	0.43
Common Stock	0.09	0.49	-0.25	0.41	0.45	0.72	-0.38	-0.28	-0.3	0.15	0.43	0.64	0.85	0.5	0.35	0.41	0.05	0.43	-0.04	0.5	-0.31	1.0		0.56	-0.38	0.46
Other Liab	-0.21	0.27	-0.21	-0.12	0.24	0.7	-0.61	-0.45	-0.35	-0.07	0.1	0.2	0.47	0.34	0.2	0.39	-0.22	0.23	-0.3	0.34	-0.22	0.55	0.56		-0.23	0.11
Accounts Payable	0.26	0.01	-0.05	0.02	-0.01	-0.43	0.28	0.4	0.22	-0.46	0.25	-0.11	-0.44	-0.39	0.22	-0.17	0.28	0.0	0.2	-0.15	-0.05	-0.4	-0.38	-0.23		0.04
Other Assets	0.46	0.42	-0.77	0.59	0.45	0.32	-0.12	-0.09	-0.45	-0.35	0.92	0.4	0.12	0.1	0.24	0.31	0.44	0.41	-0.3	-0.12	-0.85	0.43	0.46	0.11	0.04

Click cells to compare fundamentals

Bank of America Account Relationship Matchups

Bank of America fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4T	2.8T	3.2T	3.1T	3.2T	1.7T
Short Long Term Debt Total	265.1B	282.3B	303.9B	302.9B	334.3B	241.9B
Total Current Liabilities	24.2B	19.3B	23.8B	26.9B	958.6B	1.0T
Total Stockholder Equity	264.8B	272.9B	270.1B	273.2B	291.6B	166.8B
Property Plant And Equipment Net	10.6B	11B	10.8B	11.5B	11.9B	9.4B
Net Debt	96.4B	(104.8B)	(51.5B)	65.5B	(7.1B)	(6.8B)
Retained Earnings	156.3B	164.1B	188.1B	207.0B	224.7B	235.9B
Cash	168.7B	387.0B	355.4B	237.5B	341.4B	358.5B
Non Current Assets Total	781.5B	963.7B	1.3T	1.2T	2.2T	2.3T
Non Currrent Assets Other	(781.5B)	(963.7B)	(1.3T)	(1.2T)	(416.6B)	(437.4B)
Cash And Short Term Investments	414.3B	621.5B	654.5B	458.3B	(27.9B)	(26.5B)
Net Receivables	55.9B	64.2B	72.7B	67.4B	96.7B	51.2B
Common Stock Shares Outstanding	1.8B	1.7B	1.6B	1.6B	8.1B	5.8B
Liabilities And Stockholders Equity	2.4T	2.8T	3.2T	3.1T	3.2T	1.7T
Non Current Liabilities Total	240.9B	262.9B	280.1B	2.5T	1.9T	991.7B
Other Current Assets	1.3T	1.2T	1.2T	133.8B	981.0B	762.1B
Other Stockholder Equity	23.4B	24.5B	(5.1B)	(21.2B)	(24.3B)	(23.1B)
Total Liab	2.2T	2.5T	2.9T	2.8T	2.9T	1.5T
Property Plant And Equipment Gross	9.2B	9.9B	10.6B	11B	12.7B	9.1B
Total Current Assets	490.0B	702.7B	742.0B	539.3B	981.0B	1.0T
Short Term Debt	24.2B	19.3B	23.8B	26.9B	32.1B	49.7B
Other Current Liab	(24.2B)	(19.3B)	(23.8B)	(26.9B)	926.5B	972.8B
Common Stock Total Equity	91.7B	86.0B	62.4B	59.0B	67.8B	94.8B
Accumulated Other Comprehensive Income	(6.6B)	(1.7B)	(5.1B)	(21.2B)	(17.8B)	(16.9B)
Common Stock	91.7B	86.0B	62.4B	59.0B	56.4B	93.5B
Other Liab	5.3B	11.1B	6.7B	5.6B	5.1B	4.8B
Accounts Payable	182.8B	181.8B	2.1T	224.1B	201.7B	352.2B
Other Assets	1.2T	1.2T	1.1T	1.3T	275M	261.3M
Long Term Debt	240.9B	262.9B	280.1B	276.0B	302.2B	282.8B
Short Term Investments	245.6B	234.5B	299.2B	220.8B	266.6B	236.1B
Inventory	285M	164M	130M	170M	(68.8B)	(72.2B)
Preferred Stock Total Equity	23.4B	24.5B	24.7B	28.4B	32.7B	17.3B
Intangible Assets	1.7B	1.6B	2.2B	2.1B	1.9B	1.8B
Property Plant Equipment	10.6B	11B	10.8B	11.5B	13.2B	11.1B
Retained Earnings Total Equity	156.3B	164.1B	188.1B	207.0B	238.1B	250.0B
Net Tangible Assets	195.9B	204.0B	176.3B	204.2B	234.8B	192.0B
Long Term Debt Total	362.4B	379.8B	280.1B	276.0B	248.4B	297.6B
Long Term Investments	702.0B	883.7B	1.2T	1.2T	1.0T	968.6B
Non Current Liabilities Other	165.1B	170.3B	192.3B	195.6B	176.1B	159.2B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

MSFT	Microsoft
GOOG	Alphabet Inc Class C
C	Citigroup

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

Details

Is Bank Stock a good investment?

Details

What is Bank of America's Net Worth?

Details

Largest Banks - Diversified Companies

View

Largest Financial Services Companies

View

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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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.

	Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
	Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Global Correlations Find global opportunities by holding instruments from different markets
	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Bank Net Income vs Extraordinary Items Analysis

Net Income vs Extraordinary Items

Net Income vs Extraordinary Items Correlation Analysis

Correlation Coefficient

Net Income

Extraordinary Items

Bank of America fundamental ratios Correlations

Bank of America Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of America fundamental ratios Accounts

Also Currently Popular

Complementary Tools for Bank Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Common Stock	+ 1.0	Common Stock Total Equity
Other Current Liab	+ 0.99	Total Current Liabilities
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.98	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.98	Short Long Term Debt Total

Other Assets	- 0.85	Other Current Liab
Other Current Liab	- 0.83	Cash And Short Term Investments
Other Assets	- 0.77	Total Current Liabilities
Cash And Short Term Investments	- 0.75	Total Current Liabilities
Cash	- 0.64	Net Debt
Other Liab	- 0.61	Retained Earnings