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

Bank Of America Corp reported in IV. Quarter net earnings per share of $0.70 an increase by 174.19 % year on year from $0.26 and an improvement of 6.71 % from $0.66 realized in III. Quarter (Sep 30 2018).

*IV. Quarter*
Earnings Per Share	Revenues
$ 0.7	$ 22,736 Mill
$+0.44 +174.19 %	$+1,106M +5.11 %

Bank Of America's Revenue rose by 5.11 % in IV. Quarter (Dec 31 2018) year on year, to $22,736 million and declined by -0.18 % sequentially.

Bank Of America is

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 $7,278 million in IV. Quarter increased by 156.81 % from net earnings of $2,834 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 1.55 % from net income of $7,167.00 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 IV. Quarter company's net cash and cash equivalents decreased by $-7,454 million

Earnings quality

Bank Of America Corp payed out dividend of $0.57 per share in last 52 weeks representing 21.84 % of net earning per share in trailing twelve-month period.

During the same period Bank Of America Corp earned $ 3.95 cash per share, on a free-cash flow basis 151.5 % of net earning per share.

Book value grew by 2.99 % sequentially to $26.55 per share, 39.72% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 17.41 per share from $ 16.80.

Company repurchased 176.10 million shares or 1.73 % in IV. Quarter.
Interest Coverage Ratio was 2.79. Debt Coverage Ratio was 0.21.

• More on BAC's Dividends

Market Capitalization (Millions)	300,641
Shares Outstanding (Millions)	9,995
Total Debt (Millions $)	249,529
Revenue (TTM) (Millions $)	91,247
Net Income (TTM) (Millions $)	28,147
Cash Flow (TTM) (Millions $)	19,970
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.57 $
Dividend Yield TTM (%)	2.33 %
Employees (TTM) $	224,000

Earnings quality

• More on BAC's Balance Sheets

Market Capitalization (Millions)	300,641
Shares Outstanding (Millions)	9,995
Total Debt (Millions $)	249,529
Revenue (TTM) (Millions $)	91,247
Net Income (TTM) (Millions $)	28,147
Cash Flow (TTM) (Millions $)	19,970
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.57 $
Dividend Yield TTM (%)	2.33 %
Employees (TTM) $	224,000

Operating Statistics	Decrease / Increase

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Bank Of America Corp

BAC's Financial Statements and Analysis