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

BAC Financial Results

Bank Of America Corp reported in I. Quarter net earnings per share of $0.62 an increase by 19.93 % year on year from $0.52 and an improvement of 141.38 % from $0.26 realized in IV. Quarter (Dec 31 2017).

Bank Of America's Revenue rose by % in I. Quarter (Mar 31 2018) year on year, to $23,125 million and advanced by 6.91 % sequentially.

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

More on BAC's Income Statement

*I. Quarter*
Earnings Per Share	Revenues
$ 0.62	$ 23,125 Mill
$+0.10 +19.93 %	$+969M +4.37 %

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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 $6,918 million in I. Quarter increased by 14.56 % from net earnings of $6,039 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 144.11 % from net income of $2,834.00 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 I. Quarter company's net cash flow was $46,807 million

Earnings quality

Bank Of America Corp payed out dividend of $0.44 per share in last 52 weeks representing 24.86 % of net earning per share in trailing twelve-month period.

During the same period Bank Of America Corp earned $ 4.85 cash per share, on a free-cash flow basis 273.82 % of net earning per share.

Book value fell by -0.34 % sequentially to $25.42 per share.
Tangible Book value fell to $ 16.48 per share from $ 16.79.

Company repurchased 0.24 million shares or 0.00 % in I. Quarter.
Interest Coverage Ratio was 3.09. Debt Coverage Ratio was 0.17.

• More on BAC's Dividends

Market Capitalization (Millions)	315,542
Shares Outstanding (Millions)	10,473
Total Debt (Millions $)	270,329
Revenue (TTM) (Millions $)	88,842
Net Income (TTM) (Millions $)	20,195
Cash Flow (TTM) (Millions $)	56,503
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.44 $
Dividend Yield TTM (%)	1.59 %
Employees (TTM) $	224,000

Earnings quality

Market Capitalization (Millions)	315,542
Shares Outstanding (Millions)	10,473
Total Debt (Millions $)	270,329
Revenue (TTM) (Millions $)	88,842
Net Income (TTM) (Millions $)	20,195
Cash Flow (TTM) (Millions $)	56,503
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.44 $
Dividend Yield TTM (%)	1.59 %
Employees (TTM) $	224,000

Operating Statistics	Decrease / Increase

• View Annual Report

Bank Of America Corp

BAC's Financial Statements and Analysis