- BAC Ticker
- πΊπΈ NYSE Exchange
- 204,000 Employees
- π° Financials Sector
- π¦ Banks Industry
- Brian T. Moynihan CEO
Financial statements β Bank of America
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| 20 β 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Total Revenue |
|
94B | 110B | 110B | 100B | 94B |
| Cost Of Revenue |
|
11B | 3.6B | 3.3B | 3.4B | 3.6B |
| Gross Profit |
|
82B | 110B | 110B | 97B | 90B |
| Research and Development |
|
0 | 0 | 0 | 0 | 0 |
| Selling General and Admin |
|
8.8B | 8.5B | 7.4B | 7.4B | 7.5B |
| Operating Expense |
|
75B | 81B | 76B | 71B | 69B |
| Operating Income |
|
19B | 33B | 35B | 29B | 25B |
| Other Income Expense Net |
|
0 | 0 | 0 | 0 | 0 |
| EBIT |
|
19B | 33B | 35B | 29B | 25B |
| Interest Income |
|
0 | 0 | 0 | 0 | 0 |
| Pretax Income |
|
19B | 33B | 35B | 29B | 25B |
| Income Tax |
|
1.1B | 5.3B | 6.4B | 11B | 7.2B |
| Minority Interest |
|
0 | 0 | 0 | 0 | 0 |
| Net Income |
|
16B | 26B | 27B | 17B | 16B |
| Net Income Basic |
|
16B | 26B | 27B | 17B | 16B |
| 20 β 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Current cash |
|
0 | 0 | 0 | 0 | 0 |
| Short term investments |
|
1.6T | 1.2T | 1.1T | 1.1T | 990B |
| Receivables |
|
64B | 56B | 66B | 62B | 59B |
| Inventory |
|
0 | 0 | 0 | 0 | 0 |
| Other current assets |
|
47B | 40B | 44B | 40B | 45B |
| Current assets |
|
2.6T | 2.2T | 2.2T | 2.1T | 2T |
| Long term investments |
|
220B | 210B | 200B | 210B | 200B |
| Property plant equipment |
|
11B | 11B | 9.9B | 9.2B | 9.1B |
| Goodwill |
|
69B | 69B | 69B | 69B | 69B |
| Intangible assets |
|
0 | 0 | 0 | 0 | 2.9B |
| Other assets |
|
140B | 130B | 120B | 130B | 120B |
| Total assets |
|
2.8T | 2.4T | 2.4T | 2.3T | 2.2T |
| Accounts payable |
|
0 | 0 | 0 | 0 | 0 |
| Current long term debt |
|
280B | 270B | 250B | 260B | 240B |
| Other current liabilities |
|
2.3T | 1.9T | 1.8T | 1.8T | 1.7T |
| Total current liabilities |
|
2.5T | 2.2T | 2.1T | 2T | 1.9T |
| Long term debt |
|
0 | 0 | 0 | 0 | 0 |
| Other liabilities |
|
0 | 0 | 0 | 0 | 0 |
| Minority Interest |
|
0 | 0 | 0 | 0 | 0 |
| Total Liabilities |
|
2.5T | 2.2T | 2.1T | 2T | 1.9T |
| Common stock |
|
8.8B | 9.4B | 10B | 10B | 10B |
| Retained earning |
|
160B | 160B | 140B | 110B | 100B |
| Treasury stock |
|
0 | 0 | 0 | 0 | 0 |
| Capital surplus |
|
β’ | β’ | β’ | β’ | β’ |
| Shareholder equity |
|
270B | 260B | 270B | 270B | 270B |
| Net tangible assets |
|
180B | 170B | 170B | 180B | 170B |
| 20 β 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Net Income |
|
16B | 26B | 27B | 17B | 16B |
| Depreciation |
|
1.8B | 1.7B | 2.1B | 2.1B | 2.2B |
| Changes in receivables |
|
8.3B | -9.9B | 4.2B | 2.9B | 450M |
| Changes in inventories |
|
0 | 0 | 0 | 0 | 0 |
| Cash change |
|
6.3B | 1.1B | -420M | -1.2B | -550M |
| Cash flow |
|
38B | 62B | 40B | 10B | 18B |
| Capital expenditures |
|
0 | 0 | 0 | 0 | 0 |
| Investments |
|
β’ | β’ | β’ | β’ | β’ |
| Investing activity other |
|
β’ | β’ | β’ | β’ | β’ |
| Total investing cash flows |
|
-180B | -81B | -71B | -52B | -63B |
| Dividends paid |
|
β’ | β’ | β’ | β’ | β’ |
| Net borrowings |
|
-2.2T | -1.9T | -1.8T | -1.7T | -1.6T |
| Other financing cash flows |
|
β’ | β’ | β’ | β’ | β’ |
| Cash flow financing |
|
360B | 3.4B | 53B | 49B | 33B |
| Exchange rate effect |
|
β’ | β’ | β’ | β’ | β’ |
Analyst Recommendations
This chart is a recommendation for investors. To provide forecasts, analysts and brokers use companies' public financial reports and speak with their employees and clients. The end result is a solution that's marked on the chart, which shows analysts' opinions at different periods of time. Move your cursor to track on what the dates the recommendations changed.
Investors shouldn't only follow analyst recommendations. Forecasts should be used to supplement existing strategies and plans. Trading based on a recommendation chart is is considered bad practice. Analyst reports should only be used in conjunction with your own analytics.
Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell", "weak hold" and "underweight."
A company with a hold recommendation is expected to perform on par with comparable companies or in line with the market.
Also known as "moderate buy", "accumulate", and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
Also known as strong buy and "on the recommended list." Needless to say, buy is a recommendation to purchase a specific security.
Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell", "weak hold" and "underweight."
A company with a hold recommendation is expected to perform on par with comparable companies or in line with the market.
Also known as "moderate buy", "accumulate", and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
Also known as strong buy and "on the recommended list." Needless to say, buy is a recommendation to purchase a specific security.
Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.