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

BAC's Operating Income Growth by Quarter and Year

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




BAC Operating Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 7,329.00 6,172.00 5,520.00
III Quarter September - 8,326.00 5,935.00 7,638.00
II Quarter June - 6,421.00 8,916.00 9,816.00
I Quarter March 7,909.00 7,306.00 9,292.00 9,780.00
FY   7,909.00 29,382.00 30,315.00 32,754.00



BAC Operating Income first quarter 2022 Y/Y Growth Comment
Bank Of America Corporation achieved in the first quarter 2022, above Company average Operating Income improvement of 8.25% year on year, to $ 7,909.00 millions.

Looking into first quarter 2022 results within Money Center Banks industry 2 other companies have achieved higher Operating Income growth. While Bank Of America Corporation' s Operating Income increase of 8.25% ranks overall at the positon no. 284 in the first quarter 2022.

Explain Operating Income growth


BAC Operating Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 18.75 % 11.81 % -42.52 %
III Quarter September - 40.29 % -22.3 % -21.34 %
II Quarter June - -27.98 % -9.17 % 5.27 %
I Quarter March 8.25 % -21.37 % -4.99 % 5.98 %
FY   - -3.08 % -7.45 % -13.5 %

Financial Statements
Bank Of America's first quarter 2022 Operating Income $ 7,909.00 millions BAC's Income Statement
Bank Of America's first quarter 2021 Operating Income $ 7,306.00 millions Quarterly BAC's Income Statement
New: More BAC's historic Operating Income Growth >>


BAC Operating Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - -11.97 % 3.99 % -27.73 %
III Quarter September - 29.67 % -33.43 % -22.19 %
II Quarter June - -12.11 % -4.05 % 0.37 %
I Quarter March 7.91 % 18.37 % 68.33 % 1.84 %
FY (Year on Year)   - -3.08 % -7.45 % -13.5 %




Operating Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #3
Financial Sector #55
Overall #284

Operating Income Y/Y Growth Statistics
High Average Low
120.54 % 2.09 % -82.19 %
(Dec. 30, 2009)   (Sep. 30, 2010)
Operating Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #3
Financial Sector #55
Overall #284
Operating Income Y/Y Growth Statistics
High Average Low
120.54 % 2.09 % -82.19 %
(Dec. 30, 2009)   (Sep. 30, 2010)

Operating Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Bank Of America's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
418.65 % 15.22 % -100 %
IV. Quarter  


BAC's I. Quarter Q/Q Operating Income Comment
Bank Of America Corporation achieved in the I. Quarter 2022 below company average Operating Income increase of 7.91% quarter on quarter, to $ 7,909.00 millions.

Within Money Center Banks industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While Bank Of America's Operating Income growth quarter on quarter, overall rank is 176.


Operating Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #4
Financial Sector #34
Overall #176
Operating Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #4
Financial Sector #34
Overall #176
Operating Income Q/Q Growth Statistics
High Average Low
418.65 % 15.22 % -100 %
IV. Quarter  


BAC's I. Quarter Q/Q Operating Income Comment
Bank Of America Corporation achieved in the I. Quarter 2022 below company average Operating Income increase of 7.91% quarter on quarter, to $ 7,909.00 millions.

Within Money Center Banks industry 3 other companies have achieved higher Operating Income quarter on quarter growth. While Bank Of America's Operating Income growth quarter on quarter, overall rank is 176.


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


Operating Income TTM Growth

12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Sep 30 2021)
12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
Cumulative Operating Income 12 Months Ending $ 29,985.00 $ 29,382.00 $ 28,225.00 $ 25,834.00 $ 28,329.00
Y / Y Operating Income Growth (TTM) 5.85 % -3.08 % -4.85 % -17.64 % -12.2 %
Year on Year Operating Income Growth Overall Ranking # 332 # 1259 # 1638 # 1756 # 1491
Seqeuential Operating Income Change (TTM) 2.05 % 4.1 % 9.26 % -8.81 % -6.55 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1126 # 1309 # 974 # 2182 # 1985




Cumulative Operating Income growth Comment
Although Bank Of America's Annual Operating Income growth year on year were below company's average 12.69% , Operating Income announced in the Mar 31 2022 period, show improvement in Operating Income trend, to cumulative trailing twelve month growth of 5.85% year on year, from -3.08% in Dec 31 2021.

In the Financial sector 76 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 332, from total ranking in previous quarter at 1259.

Operating Income TTM Q/Q Growth Statistics
High Average Low
120.54 %
2.09 %
-82.19 %
(Dec. 30, 2009)  

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 3
Financial Sector # 77
Overall # 332

Operating Income TTM Y/Y Growth Statistics
High Average Low
542.19 %
12.69 %
-78.84 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 10
Sector # 270
S&P 500 # 1121
Cumulative Operating Income growth Comment
Although Bank Of America's Annual Operating Income growth year on year were below company's average 12.69% , Operating Income announced in the Mar 31 2022 period, show improvement in Operating Income trend, to cumulative trailing twelve month growth of 5.85% year on year, from -3.08% in Dec 31 2021.

In the Financial sector 76 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 332, from total ranking in previous quarter at 1259.

Operating Income TTM Q/Q Growth Statistics
High Average Low
120.54 %
2.09 %
-82.19 %
(Dec. 30, 2009)  


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 3
Financial Sector # 77
Overall # 332

Operating Income TTM Y/Y Growth Statistics
High Average Low
542.19 %
12.69 %
-78.84 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 10
Sector # 270
S&P 500 # 1121




Other Operating Income Growth
Money Center Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
BAC's Operating Income Growth Ratio versus Money Center Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for BAC's Competitors
Operating Income Growth for Bank Of America's Suppliers
Operating 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 Operating Income increase for the quarter ending Mar 31 2022 within Financial SectorY/Y Change %Operating Income for the quarter ending Mar 31 2022
Axos Financial Inc 14.39%$ 14.391 millions
Abrdn Silver Etf Trust14.24%$ 14.244 millions
Blackrock Inc 14.17%$ 14.175 millions
Eagle Financial Services Inc 13.89%$ 13.891 millions
Columbia Banking System Inc 13.55%$ 13.549 millions
Horizon Bancorp Inc 13.53%$ 13.530 millions
United States Oil Fund Lp13.50%$ 13.499 millions
Customers Bancorp Inc 13.42%$ 13.419 millions
Hawthorn Bancshares Inc 13.39%$ 13.395 millions
Fvcbankcorp Inc 13.39%$ 13.392 millions
Victory Capital Holdings Inc 13.13%$ 13.128 millions
Emclaire Financial Corp12.96%$ 12.964 millions
Summit Financial Group Inc 12.47%$ 12.465 millions
Kilroy Realty Corporation12.44%$ 12.440 millions
Cubesmart12.44%$ 12.439 millions
Capital Bancorp Inc11.88%$ 11.876 millions
Medical Properties Trust Inc 11.75%$ 11.753 millions
Intercontinental Exchange Inc 11.21%$ 11.211 millions
City Office Reit Inc 11.12%$ 11.122 millions
Molina Healthcare Inc 11.04%$ 11.045 millions
First Industrial Realty Trust Inc 11.00%$ 10.998 millions
Nasdaq Inc 10.96%$ 10.959 millions
Erie Indemnity Company10.80%$ 10.798 millions
Periphas Capital Partnering Corp10.74%$ 10.741 millions
Cigna Corporation10.73%$ 10.731 millions
Washington Federal Inc10.68%$ 10.684 millions
Westamerica Bancorporation10.53%$ 10.529 millions
Equity Residential10.46%$ 10.459 millions
Servisfirst Bancshares Inc 10.28%$ 10.280 millions
Evercore Inc 10.19%$ 10.188 millions


       
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