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

Bank Of America Corporation reported in I. Quarter net earnings per share of $0.86 an increase by 115 % year on year from $0.40 and an improvement of 44.97 % from $0.59 realized in IV. Quarter (Dec 31 2020).

*I. Quarter*
Earnings Per Share	Revenues
$ 0.86	$ 22,821 Mill
$+0.46 +115 %	$+54M +0.24 %

Bank Of America's Revenue rose by 0.24 % in I. Quarter (Mar 31 2021) year on year, to $22,821 million and advanced by 13.54 % sequentially.

Bank Of America is Expected to report next financial results on February 23, 2022.

More on BAC's Income Statement

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 $8,050 million in I. Quarter increased by 100.75 % from net earnings of $4,010 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 47.17 % from net income of $5,470.00 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 In I. Quarter company's net cash and cash equivalents decreased by $-54,362 million

Earnings quality

Bank Of America Corporation payed out dividend of $0.88 per share in last 52 weeks representing 37.77 % of net earning per share in trailing twelve-month period.

During the same period Bank Of America Corporation payed $ -3.81 cash per share, on a free-cash flow basis .

Book value grew by 0.67 % sequentially to $31.29 per share, 60.13% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 20.64 per share from $ 20.44.

Company repurchased 23.70 million shares or 0.27 % in I. Quarter.
Interest Coverage Ratio was 5.33. Debt Coverage Ratio was 0.1.

• More on BAC's Dividends

Market Capitalization (Millions)	345,978
Shares Outstanding (Millions)	8,756
Total Debt (Millions $)	272,935
Revenue (TTM) (Millions $)	85,582
Net Income (TTM) (Millions $)	21,934
Cash Flow (TTM) (Millions $)	75,711
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.88 $
Dividend Yield TTM (%)	2.43 %
Employees (TTM) $	208,000

Earnings quality

• More on BAC's Balance Sheets

Market Capitalization (Millions)	345,978
Shares Outstanding (Millions)	8,756
Total Debt (Millions $)	272,935
Revenue (TTM) (Millions $)	85,582
Net Income (TTM) (Millions $)	21,934
Cash Flow (TTM) (Millions $)	75,711
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.88 $
Dividend Yield TTM (%)	2.43 %
Employees (TTM) $	208,000

Operating Statistics	Decrease / Increase

• View Annual Report


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Bank Of America Corporation

BAC's Financial Statements and Analysis