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

Bank Of America Corp reported in I. Quarter net earnings per share of $0.70 an increase by 12.9 % year on year from $0.62 and decline of -0.61 % from $0.70 earned in IV. Quarter (Dec 31 2018).

*I. Quarter*
Earnings Per Share	Revenues
$ 0.7	$ 23,004 Mill
$+0.08 +12.9 %	$-121M -0.52 %

Bank Of America's Revenue fell by -0.52 % in I. Quarter (Mar 31 2019) year on year, to $23,004 million and advanced by 1.18 % 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 $7,311 million in I. Quarter increased by 5.68 % from net earnings of $6,918 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 0.45 % from net income of $7,278.00 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 I. Quarter company's net cash and cash equivalents decreased by $0 million

Earnings quality

Bank Of America Corp payed out dividend of $0.64 per share in last 52 weeks representing 23.79 % of net earning per share in trailing twelve-month period.

During the same period Bank Of America Corp earned $ 1.46 cash per share, on a free-cash flow basis 54.19 % of net earning per share.

Book value grew by 2.77 % sequentially to $27.28 per share, 69.05% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 17.96 per share from $ 17.41.

Company repurchased 207.40 million shares or 2.08 % in I. Quarter.
Interest Coverage Ratio was 2.65. Debt Coverage Ratio was 0.22.

• More on BAC's Dividends

Market Capitalization (Millions)	285,055
Shares Outstanding (Millions)	9,787
Total Debt (Millions $)	247,937
Revenue (TTM) (Millions $)	91,126
Net Income (TTM) (Millions $)	28,540
Cash Flow (TTM) (Millions $)	-26,837
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.64 $
Dividend Yield TTM (%)	2.71 %
Employees (TTM) $	224,000

Earnings quality

• More on BAC's Balance Sheets

Market Capitalization (Millions)	285,055
Shares Outstanding (Millions)	9,787
Total Debt (Millions $)	247,937
Revenue (TTM) (Millions $)	91,126
Net Income (TTM) (Millions $)	28,540
Cash Flow (TTM) (Millions $)	-26,837
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.64 $
Dividend Yield TTM (%)	2.71 %
Employees (TTM) $	224,000

Operating Statistics	Decrease / Increase

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Bank Of America Corp

BAC's Financial Statements and Analysis