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

BAC Financial Results

Bank Of America Corp reported in II. Quarter net earnings per share of $0.63 an increase by 53.66 % year on year from $0.41 and an improvement of 1.61 % from $0.62 realized in I. Quarter (Mar 31 2018).

Bank Of America's Revenue rose by % in II. Quarter (Jun 30 2018) year on year, to $22,609 million and declined by -2.23 % sequentially.

Bank Of America is Expected to report next financial results on October 15, 2018.

More on BAC's Income Statement

*II. Quarter*
Earnings Per Share	Revenues
$ 0.63	$ 22,609 Mill
$+0.22 +53.66 %	$+361M +1.62 %

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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 $6,784 million in II. Quarter increased by 39.7 % from net earnings of $4,856 million achieved in I. Quarter a year ago.

Sequentially net earnings fell by -1.94 % from net income of $6,918.00 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 II. Quarter company's net cash and cash equivalents decreased by $-33,042 million

Earnings quality

Bank Of America Corp payed out dividend of $0.48 per share in last 52 weeks representing 24.12 % of net earning per share in trailing twelve-month period.

During the same period Bank Of America Corp earned $ 5.54 cash per share, on a free-cash flow basis 278.25 % of net earning per share.

Book value grew by 0.82 % sequentially to $25.63 per share, 53.39% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 16.69 per share from $ 16.48.

Company repurchased 163.30 million shares or 1.56 % in II. Quarter.
Interest Coverage Ratio was 2.95. Debt Coverage Ratio was 0.18.

• More on BAC's Dividends

Market Capitalization (Millions)	316,189
Shares Outstanding (Millions)	10,309
Total Debt (Millions $)	267,217
Revenue (TTM) (Millions $)	89,203
Net Income (TTM) (Millions $)	22,123
Cash Flow (TTM) (Millions $)	3,174
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.48 $
Dividend Yield TTM (%)	1.57 %
Employees (TTM) $	224,000

Earnings quality

Market Capitalization (Millions)	316,189
Shares Outstanding (Millions)	10,309
Total Debt (Millions $)	267,217
Revenue (TTM) (Millions $)	89,203
Net Income (TTM) (Millions $)	22,123
Cash Flow (TTM) (Millions $)	3,174
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.48 $
Dividend Yield TTM (%)	1.57 %
Employees (TTM) $	224,000

Operating Statistics	Decrease / Increase

• View Annual Report

Bank Of America Corp

BAC's Financial Statements and Analysis