Bank Of America (BAC) Earnings Report, Financial Results, Financial analysis

BAC Financial Results

Bank Of America Corp reported in III. Quarter net earnings per share of $0.66 an increase by 37.5 % year on year from $0.48 and an improvement of 4.76 % from $0.63 realized in II. Quarter (Jun 30 2018).

Bank Of America's Revenue rose by % in III. Quarter (Sep 30 2018) year on year, to $22,777 million and advanced by 0.74 % sequentially.

Bank Of America is Expected to report next financial results on January 21, 2019.

More on BAC's Income Statement

*III. Quarter*
Earnings Per Share	Revenues
$ 0.66	$ 22,777 Mill
$+0.18 +37.5 %	$+938M +4.3 %

Sales Growth by Division


	• Asset Management 38.94% Y/Y, • Global Banking 2.39% Y/Y, • Commercial & Investment 0.4% Y/Y


	• Consumer Banking -8.97% Y/Y, • Global Markets -1.57% Y/Y

BAC's Segments

BAC's NET INCOME

Bank Of America's net income of $7,167 million in III. Quarter increased by 28.28 % from net earnings of $5,587 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 5.65 % from net income of $6,784.00 million realized in previous quarter.

More on BAC's Growth

Bank Of America Income Growth by Division
• Global Markets 31.08% Y/Y,
• Commercial & Investment 4.67% Y/Y • Asset Management -19.31% Y/Y,
• Global Banking -9.69% Y/Y BAC's Cash flow In III. Quarter company's net cash flow was $13,659 million

Earnings quality

Bank Of America Corp payed out dividend of $0.51 per share in last 52 weeks representing 23.50 % of net earning per share in trailing twelve-month period.

During the same period Bank Of America Corp earned $ 4.56 cash per share, on a free-cash flow basis 210.21 % of net earning per share.

Book value grew by 0.57 % sequentially to $25.78 per share, 17.2% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 16.80 per share from $ 16.69.

Company repurchased 138.60 million shares or 1.34 % in III. Quarter.
Interest Coverage Ratio was 2.84. Debt Coverage Ratio was 0.19.

• More on BAC's Dividends

Market Capitalization (Millions)	282,341
Shares Outstanding (Millions)	10,171
Total Debt (Millions $)	263,135
Revenue (TTM) (Millions $)	90,141
Net Income (TTM) (Millions $)	23,703
Cash Flow (TTM) (Millions $)	12,477
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.51 $
Dividend Yield TTM (%)	2.16 %
Employees (TTM) $	224,000

Earnings quality

Market Capitalization (Millions)	282,341
Shares Outstanding (Millions)	10,171
Total Debt (Millions $)	263,135
Revenue (TTM) (Millions $)	90,141
Net Income (TTM) (Millions $)	23,703
Cash Flow (TTM) (Millions $)	12,477
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.51 $
Dividend Yield TTM (%)	2.16 %
Employees (TTM) $	224,000

Operating Statistics	Decrease / Increase

• View Annual Report

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Bank Of America Corp

BAC's Financial Statements and Analysis