Bank of America Corp. logo

BAC

Bank of America Corp.

$27.14

Earnings Summary

Revenue
$19990Mn
Net Profits
$4696Mn
Net Profit Margins
23.49%

Highlights

Revenue:

Bank of America Corp.’s revenue jumped 2.57% since last year same period to $19990Mn in the Q4 2016. On a quarterly growth basis, Bank of America Corp. has generated -7.6% fall in its revenue since last 3-months.

Net Profits:

Bank of America Corp.’s net profit jumped 40.77% since last year same period to $4696Mn in the Q4 2016. On a quarterly growth basis, Bank of America Corp. has generated -5.23% fall in its net profits since last 3-months.

Net Profit Margins:

Bank of America Corp.’s net profit margin jumped 37.25% since last year same period to 23.49% in the Q4 2016. On a quarterly growth basis, Bank of America Corp. has generated 2.57% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Bank of America Corp. post its latest quarter earnings

EPS Estimate Current Quarter
0.84
EPS Estimate Current Year
0.84

Highlights

EPS Estimate Current Quarter:

Bank of America Corp.’s earning per share (EPS) estimates for the current quarter stand at 0.84 - a 9.09% jump from last quarter’s estimates.

EPS Estimate Current Year:

Bank of America Corp.’s earning per share (EPS) estimates for the current year stand at 0.84.

Key Ratios

Key ratios of the Bank of America Corp. post its Q4 2022 earnings

Return on Assets (ROA)
0.01
Return on Equity (ROE)
10.61
Dividend Per Share (DPS)
0.22

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Bank of America Corp.’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Bank of America Corp.’s return on equity (ROE) stands at 10.61.

Dividend Per Share (DPS):

Bank of America Corp. declared 0.22 dividend per share during the earnings announcement for Q4 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2019-02-26
0.63
0.7
11.11%
2018-04-30
0.59
0.62
5.08%
2018-10-29
0.62
0.66
6.45%
2018-07-30
0.57
0.63
10.53%

Company Information

Bank of America is a multinational financial services and investment bank headquartered in Charlotte, North Carolina. Bank of America is only after JP Morgan Chase in being the 2nd largest banking institution in the USA and 8th largest globally. Now Bank of America is the result of the merger of NationsBank and then BankAmerica in 1998. Bank of America lent D.E. Shaw & Co. hedge funds to run various businesses for the bank. However, after D.E. Shaw suffered significant losses in 1998 due to Russian Bond Default, October 1998 witnessed the most significant bank acquisition when NationsBank acquired BankAmerica. The commercial banking operations of the bank are spread across all 50 states of the USA and across 40 countries. Its commercial banking service portfolio encapsulates more than 46 million consumers and small business relationships. The Bank of America found its place on spot #25 of the Fortune 500 of the largest US corporations in terms of total revenue. Apart from this, Euromoney Institutional Investor named Bank of America as the ‘World’s Best Bank’ in their 2018 Awards for Excellence. The critical areas of operation of Bank of America are: Consumer Banking: These are primarily the banking services to retail customers, including small businesses and consumers. Global Banking: This includes Global Corporate Banking, Business Banking, Global Commercial Banking, and Global Investment Banking. Merrill Lynch operates the investment banking division Bank of America acquired after the deal closed in January 2009. Global Wealth and Investment Management: Bank of America is among the ten largest wealth managers in the USA. It includes businesses of US Trust and Merrill Lynch Global Wealth Management. Global Markets: This division offers services to clients trading in financial securities and Institutional Clients. Currently Bank Of America Corp. has a market cap of $215.86 Billion. It has a P.E ratio of 8.3. The shares of Bank Of America Corp. are trading at $27.14. .

Organisation
Bank of America Corp.
Headquarters
Bank of America Corporate Center, Charlotte, NC, United States, 28255
Employees
217000
Industry
Finance
CEO
Brian Moynihan