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Bank Of America Corporation  (BAC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial


 

Bank Of America Corporation

BAC's Financial Statements and Analysis



Bank Of America Corporation reported in the first quarter of 2024 net earnings per share of $0.76 a decrease by -19.15 % year on year from $0.94 and an improvement of 113.98 % from $0.36 realized in IV. Quarter (Dec 31 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 0.76 $  25,818 Mill
$-0.18     -19.15 % $-440M     -1.68 %



Bank Of America's Revenue fell by -1.68 % in first quarter of 2024 (Mar 31 2024) year on year, to $25,818 million and advanced by 17.57 % sequentially.


Bank Of America is

More on BAC's Income Statement



Bank Of America 's net income of $6,674.000 million in the first quarter of 2024 decreased by -18.22 % from net earnings of $8,161.000 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 112.28 % from net income of $3,144.000 million realized in previous quarter.

More on BAC's Growth



Bank Of America Inventories
In Mar 31 2024 company's net cash and cash equivalents decreased by $-19,669 million


Bank Of America Corporation payed out dividend of $0.98 per share in last 52 weeks representing 33.79 % of net earning per share in trailing twelve-month period.

During the same period Bank Of America Corporation earned $ 5.07 cash per share, on a free-cash flow basis 174.93 % of net earning per share.

Book value grew by 1.18 % sequentially to $36.55 per share, 79.66% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 24.42 per share from $ 24.06.

Company repurchased 41.98 million shares or 0.52 % in Mar 31 2024.
Interest Coverage Ratio was 1.33. Debt Coverage Ratio was 0.33.

More on BAC's Dividends

 Market Capitalization (Millions) 321,417
 Shares Outstanding (Millions) 8,031
 Total Debt (Millions $) 335,241
 Revenue (TTM) (Millions $) 98,141
 Net Income (TTM) (Millions $) 25,028
 Cash Flow (TTM) (Millions $) -62,814
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.98 $
 Dividend Yield TTM (%) 2.47 %
 Employees (TTM) $ 208,000




Bank Of America Corporation payed out dividend of $0.98 per share in the last 52 weeks representing 33.79 % of net earning per share in trailing twelve-month period.

During the same period Bank Of America Corporation had $ 5.07 cash flow per share, on a free-cash flow basis 174.93 % of net earning per share.

Book value grew by 1.18 % sequentially to $36.55 per share, 79.66% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 24.42 per share from $ 24.06.

Company repurchased 41.98 million shares or 0.52 % in Mar 31 2024.
Interest Coverage Ratio was 1.33. Debt Coverage Ratio was 0.33.

More on BAC's Balance Sheets

 Market Capitalization (Millions) 321,417
 Shares Outstanding (Millions) 8,031
 Total Debt (Millions $) 335,241
 Revenue (TTM) (Millions $) 98,141
 Net Income (TTM) (Millions $) 25,028
 Cash Flow (TTM) (Millions $) -62,814
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.98 $
 Dividend Yield TTM (%) 2.47 %
 Employees (TTM) $ 208,000
   


  News about Bank Of America Corporation Earnings

Bank of America Reports Decline in Income per Share for Q1 2024, Reflecting Market Concerns and Potential Long-Term Growth Opportunities

Bank Of America C...

Bank of America Corporation Reports Sharp Decline in EPS and Revenue in Q4 2023

Bank of America Corporation (BAC) recently released its fourth quarter financi...

Bank of America Corporation Reports Remarkable 11.11% Surge in Income during Latest Fiscal Period



Bank of America Corporation, one of the largest commercial banks in the United States, has experienced fluctuations in its stock price over the past year. However, despite a recent decline in share value, the company has shown steady revenue improvement and increased net profit per share. This article will analyze the financial results of Bank of America Corporation and discuss the potential impact of these developments on the company's future.
Financial Results Overview:
In its September 2023 report, Bank of America Corporation recorded a moderate 2.714% revenue improvement, reaching $25.17 billion. Additionally, the net profit per share grew by 11.11% to $0.90 compared to the previous yea...

Bank of America Scores Big in Second Fiscal Quarter of 2023; Reports Impressive Revenue and Profit Growth

Bank of America Corporation experienced strong financial performance in the fiscal second quarter of 2023, with double-digit improvements in both revenue and bottom-line figures. The company's revenue reached $25.20 billi...

The company disclosed splendid revenue jump, over the most recent fiscal period

Bank of America Corporation i...


Date modified: 2024-05-01T13:54:51+00:00





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