CSIMarket
 


Bank Of America Corporation  (BAC)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 

BAC's Net Income Growth by Quarter and Year

Bank Of America's Net Income results by quarter and year




BAC Net Income (in millions $) FY 2021 FY 2020 FY 2019 FY 2018
IV Quarter December - 5,470.00 6,994.00 7,278.00
III Quarter September - 4,881.00 5,777.00 7,167.00
II Quarter June - 3,533.00 7,348.00 6,784.00
I Quarter March 8,050.00 4,010.00 7,311.00 6,918.00
FY   8,050.00 17,894.00 27,430.00 28,147.00



BAC Net Income first quarter 2021 Y/Y Growth Comment
Bank Of America Corporation achieved in the first quarter, above Company average Net Income surge of 100.75% year on year, to $ 8,050.00 millions.

Looking into first quarter results within Money Center Banks industry 5 other companies have achieved higher Net Income growth. While Bank Of America Corporation' s Net Income doubling of 100.75% ranks overall at the positon no. 174 in the first quarter.




BAC Net Income ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter December - -21.79 % -3.9 % 156.81 %
III Quarter September - -15.51 % -19.39 % 28.28 %
II Quarter June - -51.92 % 8.31 % 39.7 %
I Quarter March 100.75 % -45.15 % 5.68 % 14.56 %
FY   - -34.76 % -2.55 % 45.72 %

Financial Statements
Bank Of America's first quarter 2021 Net Income $ 8,050.00 millions BAC's Income Statement
Bank Of America's first quarter 2020 Net Income $ 4,010.00 millions Quarterly BAC's Income Statement
New: More BAC's historic Net Income Growth >>


BAC Net Income (Quarter on Quarter Growth %)

2021
2020 2019 2018
IV Quarter December - 12.07 % 21.07 % 1.55 %
III Quarter September - 38.15 % -21.38 % 5.65 %
II Quarter June - -11.9 % 0.51 % -1.94 %
I Quarter March 47.17 % -42.67 % 0.45 % 144.11 %
FY (Year on Year)   - -34.76 % -2.55 % 45.72 %




Net Income first quarter 2021 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #6
Financial Sector #53
Overall #174

Net Income Y/Y Growth Statistics
High Average Low
92.41 % 0.72 % -73.97 %
(March 31, 2015)   (Sep. 30, 2009)
Net Income first quarter 2021 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #6
Financial Sector #53
Overall #174
Net Income Y/Y Growth Statistics
High Average Low
92.41 % 0.72 % -73.97 %
(March 31, 2015)   (Sep. 30, 2009)

Net Income by Quarter for the Fiscal Years 2018, 2019, 2020, 2021

Bank Of America's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
539.63 % 30.15 % -92.75 %
(June 30, 2012)  


BAC's I. Quarter Q/Q Net Income Comment
Bank Of America Corporation achieved in the I. Quarter 2021 above company average sequential Net Income jump of 47.17%, to $ 8,050.00 millions, from $5,470.00 millions in the forth quarter.
Money Center Banks company is going from strength to strength, not only reporting higher then regular gain, but also increasing speed, Christian Mitchell, market veteran added.

Within Money Center Banks industry only one company achieved higher sequential Net Income growth. While Bank Of America's Net Income growth quarter on quarter, overall rank is 108.


Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #2
Financial Sector #30
Overall #108
Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #2
Financial Sector #30
Overall #108
Net Income Q/Q Growth Statistics
High Average Low
539.63 % 30.15 % -92.75 %
(June 30, 2012)  


BAC's I. Quarter Q/Q Net Income Comment
Bank Of America Corporation achieved in the I. Quarter 2021 above company average sequential Net Income jump of 47.17%, to $ 8,050.00 millions, from $5,470.00 millions in the forth quarter.
Money Center Banks company is impressively improving, not only claiming higher then regular gain, but also accelerating speed.

Within Money Center Banks industry only one company achieved higher sequential Net Income growth. While Bank Of America's Net Income growth quarter on quarter, overall rank is 108.


Bank Of America's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2021)
12 Months Ending
(Dec 31 2020)
12 Months Ending
(Sep 30 2020)
12 Months Ending
(Jun 30 2020)
12 Months Ending
(Mar 31 2020)
Cumulative Net Income 12 Months Ending $ 21,934.00 $ 17,894.00 $ 19,418.00 $ 20,314.00 $ 24,129.00
Y / Y Net Income Growth (TTM) -9.1 % -34.76 % -29.93 % -30.2 % -15.46 %
Year on Year Net Income Growth Overall Ranking # 368 # 1504 # 1362 # 429 # 1240
Seqeuential Net Income Change (TTM) 22.58 % -7.85 % -4.41 % -15.81 % -12.03 %
Seq. Net Income Growth (TTM) Overall Ranking # 535 # 1538 # 1405 # 454 # 1462




Cumulative Net Income growth Comment
Bank Of America showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 31 2020. If the fiscal year would end in Mar 31 2021, Bank Of America's annual Net Income fall would be -9.1% year on year to $21,934 millions.

In the Financial sector 103 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 368, from total ranking in previous quarter at 1504.

Net Income TTM Q/Q Growth Statistics
High Average Low
92.41 %
0.72 %
-73.97 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 24
Financial Sector # 104
Overall # 368

Net Income TTM Y/Y Growth Statistics
High Average Low
3147.06 %
83.41 %
-80.16 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 24
Sector # 223
S&P 500 # 535
Cumulative Net Income growth Comment
Bank Of America showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 31 2020. If the fiscal year would end in Mar 31 2021, Bank Of America's annual Net Income drop would be -9.1% year on year to $21,934 millions.

In the Financial sector 103 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 368, from total ranking in previous quarter at 1504.

Net Income TTM Q/Q Growth Statistics
High Average Low
92.41 %
0.72 %
-73.97 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 24
Financial Sector # 104
Overall # 368

Net Income TTM Y/Y Growth Statistics
High Average Low
3147.06 %
83.41 %
-80.16 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 24
Sector # 223
S&P 500 # 535




Other Net Income Growth
Money Center Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
BAC's Net Income Growth Ratio versus Money Center Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for BAC's Competitors
Net Income Growth for Bank Of America's Suppliers
Net Income Growth for BAC's Customers

You may also want to know
BAC's Annual Growth Rates BAC's Profitability Ratios BAC's Asset Turnover Ratio BAC's Dividend Growth
BAC's Roe BAC's Valuation Ratios BAC's Financial Strength Ratios BAC's Dividend Payout Ratio
BAC's Roa BAC's Inventory Turnover Ratio BAC's Growth Rates BAC's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Mar 31 2021 within Financial SectorY/Y Change %Net Income for the quarter ending Mar 31 2021
Pra Group Inc175.81%$ 175.807 millions
Business First Bancshares Inc 174.04%$ 174.039 millions
Commerce Bancshares Inc 168.59%$ 168.591 millions
Pacific Premier Bancorp Inc166.78%$ 166.775 millions
United Bankshares Inc166.03%$ 166.028 millions
Capital City Bank Group Inc 163.87%$ 163.869 millions
Heartland Financial Usa Inc 163.54%$ 163.543 millions
Chemung Financial Corp162.14%$ 162.144 millions
Federal Agricultural Mortgage Corporation158.98%$ 158.979 millions
Enterprise Bancorp inc 157.70%$ 157.705 millions
First Citizens Bancshares Inc157.69%$ 157.685 millions
America First Multifamily Investors L p 152.95%$ 152.949 millions
Merchants Bancorp152.14%$ 152.138 millions
Moelis and Co151.60%$ 151.603 millions
Sound Financial Bancorp Inc 149.85%$ 149.847 millions
Spirit Of Texas Bancshares Inc 147.57%$ 147.570 millions
Hmn Financial Inc146.79%$ 146.787 millions
First Busey Corporation146.13%$ 146.134 millions
Mid Penn Bancorp Inc143.90%$ 143.897 millions
Wintrust Financial Corp143.82%$ 143.820 millions
Luther Burbank Corp 143.02%$ 143.017 millions
S and t Bancorp Inc 141.12%$ 141.116 millions
Artisan Partners Asset Management Inc 139.71%$ 139.713 millions
Pcb Bancorp139.64%$ 139.642 millions
American International Group Inc 137.61%$ 137.606 millions
Willis Towers Watson Plc135.14%$ 135.144 millions
Morgan Stanley134.16%$ 134.157 millions
Trustmark Corp133.87%$ 133.873 millions
Bok Financial Corp132.81%$ 132.815 millions
Enterprise Financial Services Corp132.56%$ 132.561 millions


Economy


Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production

Productivity

Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales

Stocks


Event Calendar

SUM's Profile

Stock Price

SUM's Financials

Business Description

Fundamentals

Charts & Quotes

SUM's News

Suppliers

SUM's Competitors

Customers & Markets

Economic Indicators

SUM's Growth

Company Segments

Screening


Stock Performance

Growth Rates

Profitability

Valuation

Dividend

Financial Strength

Efficiency

Largest Companies

Management Effectivness

Industries


At a Glance

Performance

Growth Rates

Profitability

Valuation

Financial Strength

Markets


At a Glance

Stocks

Indices

Sectors & Industries

Financials

Commodities

Currencies

News


At a Glance

Stocks

Economy

Industries

Other

Help


Sitemap

Advertise

About us

Glossary


Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.    Copyright © 2021 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071