B of A Financial Statements From 2010 to 2022

BAC
 Stock
  

USD 32.65  0.11  0.34%   

B of A 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 B of A financial statements helps investors assess B of A's valuation, profitability, and current liquidity needs.
We have found eighty-five available fundamental signals for Bank Of America, which can be analyzed and compared to other ratios and to its rivals. Make sure you validate all of Bank Of America prevailing market performance against the performance between 2010 and 2022 to make sure the company can sustain itself down the road.
B of A Net Income Per Employee is projected to increase significantly based on the last few years of reporting. The past year's Net Income Per Employee was at 153,740. The current year Average Equity is expected to grow to about 291.2 B, whereas Revenue Per Employee is forecasted to decline to about 428.2 K.
  
Check B of A financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among B of A main balance sheet or income statement drivers, such as Consolidated Income of 26.3 B, Earning Before Interest and Taxes EBIT of 29.7 B or Gross Profit of 97.6 B, as well as many exotic indicators such as Calculated Tax Rate of 6.04, PPandE Turnover of 8.52 or Cash and Equivalents Turnover of 0.26. B of A financial statements analysis is a perfect complement when working with B of A Valuation or Volatility modules. It can also supplement B of A's financial leverage analysis and stock options assessment as well as various B of A Technical models . Continue to the analysis of B of A Correlation against competitors.

B of A Revenues

109.46 Billion

B of A Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Accumulated Retained Earnings Deficit163.1 B188.1 B111 B
Increasing
Slightly volatile
Trade and Non Trade Receivables64.7 B72.3 B63.7 B
Decreasing
Very volatile
Property Plant and Equipment Net10.1 B10.8 B10.8 B
Decreasing
Slightly volatile
Total Liabilities2409.1 B2899.4 B2121.2 B
Increasing
Slightly volatile
Investments1891.9 B2000.3 B1471.1 B
Increasing
Slightly volatile
Goodwill and Intangible Assets67.5 B69 B74.4 B
Decreasing
Slightly volatile
Shareholders Equity USD289.8 B270.1 B255.8 B
Increasing
Slightly volatile
Shareholders Equity248.6 B270.1 B252.6 B
Increasing
Slightly volatile
Deposit Liabilities1866.6 B2064.4 B1363.1 B
Increasing
Slightly volatile
Total Debt USD463.8 B496.2 B490.9 B
Decreasing
Slightly volatile
Total Debt463.8 B496.2 B490.9 B
Decreasing
Slightly volatile
Cash and Equivalents USD564.3 B606.1 B429.4 B
Increasing
Slightly volatile
Cash and Equivalents375.7 B348.2 B193.6 B
Increasing
Slightly volatile
Total Assets2657.7 B3169.5 B2373.8 B
Increasing
Slightly volatile
Long Term Debt300.3 B279.8 B267.1 B
Decreasing
Slightly volatile

B of A Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense2.1 BB3.4 B
Increasing
Slightly volatile
Weighted Average Shares Diluted10.4 B8.6 B10.3 B
Decreasing
Slightly volatile
Weighted Average Shares10.2 B8.5 B10 B
Decreasing
Slightly volatile
Selling General and Administrative Expense50.8 B50.1 B58.8 B
Decreasing
Slightly volatile
Revenues USD97.6 B89.1 B88.7 B
Increasing
Stable
Revenues109.5 B93.9 B104.2 B
Decreasing
Slightly volatile
Preferred Dividends Income Statement Impact1.7 B1.6 B1.5 B
Increasing
Slightly volatile
Operating Income29.9 B29.4 B24.5 B
Increasing
Slightly volatile
Operating Expenses57.8 B59.7 B63.5 B
Decreasing
Slightly volatile
Net Income Common Stock USD24.7 B30.6 B14.5 B
Increasing
Slightly volatile
Net Income Common Stock24.7 B30.6 B14.5 B
Increasing
Slightly volatile
Net Income34.5 B32 B16.3 B
Increasing
Slightly volatile
Gross Profit97.6 B89.1 B88.7 B
Increasing
Stable
Earning Before Interest and Taxes USD29.7 B34 B19.5 B
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT29.7 B34 B19.5 B
Increasing
Slightly volatile
Consolidated Income26.3 B32 B16 B
Increasing
Slightly volatile

B of A Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation2.3 B2.8 B1.1 B
Increasing
Slightly volatile
Effect of Exchange Rate Changes on Cash (3.5 B)(3.4 B)(825.1 M)
Decreasing
Very volatile
Net Cash Flow from Operations(7.4 B)(7.2 B)33.4 B
Decreasing
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(318 B)(309.8 B)(80.1 B)
Decreasing
Slightly volatile
Net Cash Flow from Investing(321.5 B)(313.3 B)(86.8 B)
Decreasing
Slightly volatile
Net Cash Flow from Financing314.7 B291.6 B70.3 B
Increasing
Slightly volatile
Issuance Repayment of Debt Securities 60.7 B56.3 B(24.2 B)
Increasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(33.1 B)(32.2 B)16.8 B
Increasing
Very volatile
Depreciation Amortization and AccretionB1.9 B2.4 B
Decreasing
Slightly volatile
Capital Expenditure6.2 M5.8 M(196.7 M)
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share327365237
Increasing
Slightly volatile
Sales per Share11.8711.0510.5629
Increasing
Very volatile
Return on Sales0.330.3810.2218
Increasing
Slightly volatile
Return on Invested Capital0.01190.0120.0085
Increasing
Slightly volatile
Return on Average Equity12.7111.77856.1883
Increasing
Slightly volatile
Return on Average Assets1.151.06790.6592
Increasing
Slightly volatile
Price to Sales Ratio3.724.242.4986
Increasing
Slightly volatile
Price to Earnings Ratio12.6812.358102
Decreasing
Slightly volatile
Price to Book Value1.21.3480.8309
Increasing
Slightly volatile
Payout Ratio0.220.2170.7913
Decreasing
Slightly volatile
Profit Margin36.7634.073216.461
Increasing
Slightly volatile
Gross Margin0.890.90.9842
Decreasing
Slightly volatile
Free Cash Flow per Share(0.87)(0.8469)3.2972
Decreasing
Slightly volatile
Enterprise Value over EBITDA9.228.9832.1866
Decreasing
Slightly volatile
Enterprise Value over EBIT9.719.0(238)
Increasing
Slightly volatile
Earnings per Basic Share USD3.883.61.6157
Increasing
Slightly volatile
Earnings per Diluted Share3.853.571.5517
Increasing
Slightly volatile
Earnings per Basic Share3.883.61.5819
Increasing
Slightly volatile
EBITDA Margin0.360.4030.2501
Increasing
Slightly volatile
Dividends per Basic Common Share0.840.780.3586
Increasing
Slightly volatile
Dividend Yield0.01680.0180.0125
Increasing
Slightly volatile
Debt to Equity Ratio1.161.03611.0672
Decreasing
Slightly volatile
Book Value per Share31.6631.79825.9942
Increasing
Slightly volatile
Asset Turnover0.04280.03130.0452
Decreasing
Slightly volatile
Total Assets Per Share423392257
Increasing
Slightly volatile
Cash Flow Per Share(0.92)(0.8905)3.346
Decreasing
Slightly volatile
Calculated Tax Rate6.045.88067.4688
Increasing
Slightly volatile
PPandE Turnover8.528.59729.4119
Increasing
Stable
Cash and Equivalents Turnover0.260.25760.667
Decreasing
Slightly volatile
Revenue to Assets0.04160.02960.0446
Decreasing
Slightly volatile

B of A Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Asset Value2954.1 B3100.5 B2317 B
Increasing
Slightly volatile
Market Capitalization319.4 B364.1 B215.6 B
Increasing
Slightly volatile
Invested Capital Average2896.8 B2920.1 B2400 B
Increasing
Slightly volatile
Invested Capital2929.6 B2990.6 B2384.3 B
Increasing
Slightly volatile
Free Cash Flow(7.4 B)(7.2 B)31.9 B
Decreasing
Slightly volatile
Enterprise Value297.2 B322.1 B309.1 B
Decreasing
Slightly volatile
Average Equity291.2 B273.4 B255.3 B
Increasing
Slightly volatile
Earnings before Tax29.7 B34 B19.5 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD32 B35.9 B21.9 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA32 B35.9 B21.9 B
Increasing
Slightly volatile
Average Assets2970.5 B3063.7 B2384.2 B
Increasing
Slightly volatile
Revenue Per Employee428.2 K451.2 K451.2 K
Increasing
Slightly volatile
Net Income Per Employee165.9 K153.7 K77.1 K
Increasing
Slightly volatile

B of A Fundamental Market Drivers

Forward Price Earnings9.6154
Cash And Short Term Investments654543000000.00

B of A Upcoming Events

Upcoming Quarterly Report19th of January 2022
Next Financial Report21st of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End19th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About B of A Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include B of A income statement, its balance sheet, and the statement of cash flows. B of A investors use historical funamental indicators, such as B of A's revenue or net income, to determine how well the company is positioned to perform in the future. Although B of A investors may use each financial statement separately, they are all related. The changes in B of A's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on B of A'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 B of A Financial Statements. Understanding these patterns can help to make the right decision on long term investment in B of A. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Revenues93.9 B109.5 B
Revenue to Assets 0.029611  0.0416 
Revenue Per Employee451.2 K428.2 K

Be your own money manager

Our tools can tell you how much better you can do entering a position in B of A without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with B of A

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 B of A 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 B of A will appreciate offsetting losses from the drop in the long position's value.

Moving together with B of A

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+0.97WFCWells Fargo Fiscal Year End 13th of January 2023 PairCorr
+0.87BLKBlackRock Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to B of A could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B of A 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 B of A - 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 B of A is a statistical measure of how it moves in relation to other equities. 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 B of A 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 B of A 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
Continue to the analysis of B of A Correlation against competitors. Note that the Bank Of America information on this page should be used as a complementary analysis to other B of A'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Bank Of America price analysis, check to measure B of A'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 B of A is operating at the current time. Most of B of A's value examination focuses on studying past and present price action to predict the probability of B of A's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move B of A's price. Additionally, you may evaluate how the addition of B of A to your portfolios can decrease your overall portfolio volatility.
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Is B of A'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 B of A. If investors know B of A 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 B of A 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 YOY
(0.047) 
Market Capitalization
276.5 B
Quarterly Revenue Growth YOY
0.009
Return On Assets
0.0089
Return On Equity
0.1011
The market value of Bank Of America is measured differently than its book value, which is the value of B of A that is recorded on the company's balance sheet. Investors also form their own opinion of B of A's value that differs from its market value or its book value, called intrinsic value, which is B of A'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 B of A's market value can be influenced by many factors that don't directly affect B of A'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 B of A's value and its price as these two are different measures arrived at by different means. Investors typically determine B of A value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B of A'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.