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

BAC Financial Results

Bank Of America Corp reported in IV. Quarter net earnings per share of $0.26 a decrease by 0 % year on year from $0.41 and decline of 0 % from $0.48 earned in III. Quarter (Sep 30 2017).

Bank Of America's Revenue fell by % in IV. Quarter (Dec 31 2017) year on year, to $21,630 million and declined by -0.96 % sequentially.

Bank Of America is

More on BAC's Income Statement

*IV. Quarter*
Earnings Per Share	Revenues
$ 0.26	$ 21,630 Mill
$-0.15 -37.35 %	$-5M -0.02 %

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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 $2,834 million in IV. Quarter decreased by -42.81 % from net earnings of $4,955 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -49.28 % from net income of $5,587.00 million realized in previous quarter.

More on BAC's Growth

Bank Of America Income Growth by Division

• Asset Management -19.31% Y/Y,
• Global Banking -9.69% Y/Y • Global Markets 31.08% Y/Y,
• Commercial & Investment 4.67% Y/Y

In IV. Quarter company's net cash and cash equivalents decreased by $-14,947 million

Earnings quality

Bank Of America Corp payed out dividend of $0.39 per share in last 52 weeks representing 23.49 % of net earning per share in trailing twelve-month period.

During the same period Bank Of America Corp earned $ 0.20 cash per share, on a free-cash flow basis 11.77 % of net earning per share.

Book value grew by 0.41 % sequentially to $25.51 per share, 57.47% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 16.79 per share from $ 16.66.

Company repurchased 252.54 million shares or 2.35 % in IV. Quarter.
Interest Coverage Ratio was 3.3. Debt Coverage Ratio was 0.17.

• More on BAC's Dividends

Market Capitalization (Millions)	315,654
Shares Outstanding (Millions)	10,473
Total Debt (Millions $)	260,068
Revenue (TTM) (Millions $)	87,873
Net Income (TTM) (Millions $)	19,316
Cash Flow (TTM) (Millions $)	14,000
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.39 $
Dividend Yield TTM (%)	1.59 %
Employees (TTM) $	224,000

Earnings quality

Market Capitalization (Millions)	315,654
Shares Outstanding (Millions)	10,473
Total Debt (Millions $)	260,068
Revenue (TTM) (Millions $)	87,873
Net Income (TTM) (Millions $)	19,316
Cash Flow (TTM) (Millions $)	14,000
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.39 $
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