Edition:
United States

Income Statements: Bank of America Corp (BAC)

BAC on New York Consolidated

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25 Jul 2016
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Interim Income Statement
View: AnnualInterim

In Millions ofU.S. Dollars
(except for per share items)
2016
2016-03-31
Period Length
3 Months
Interest Income, Bank 11,695.0
Total Interest Expense 2,524.0
Net Interest Income 9,171.0
Loan Loss Provision 997.0
Net Interest Inc. After Loan Loss Prov. 8,174.0
Non-Interest Income, Bank 10,341.0
Non-Interest Expense, Bank (14,816.0)
Net Income Before Taxes 3,699.0
Provision for Income Taxes 1,019.0
Net Income After Taxes 2,680.0
Minority Interest --
Equity In Affiliates --
U.S. GAAP Adjustment --
Net Income Before Extra. Items 2,680.0
Accounting Change --
Discontinued Operations --
Extraordinary Item --
Tax on Extraordinary Items --
Net Income 2,680.0
Preferred Dividends (457.0)
General Partners' Distributions --
Miscellaneous Earnings Adjustment 75.0
Pro Forma Adjustment --
Interest Adjustment - Primary EPS --
Income Available to Com Excl ExtraOrd 2,298.0
Income Available to Com Incl ExtraOrd 2,298.0
Basic Weighted Average Shares 10,339.70
Basic EPS Excluding Extraordinary Items 0.222
Basic EPS Including Extraordinary Items 0.222
Dilution Adjustment --
Diluted Weighted Average Shares 11,100.10
Diluted EPS Excluding ExtraOrd Items 0.207
Diluted EPS Including ExtraOrd Items 0.207
DPS - Common Stock Primary Issue 0.050
Gross Dividends - Common Stock 517.0
Total Special Items 418.0
Normalized Income Before Taxes 4,117.0
Effect of Special Items on Income Taxes 115.2
Inc Tax Ex Impact of Sp Items 1,134.2
Normalized Income After Taxes 2,982.9
Normalized Inc. Avail to Com. 2,600.9
Basic Normalized EPS 0.252
Diluted Normalized EPS 0.234

Fitch: Bank of America's Earnings Improve in 2Q16

(The following statement was released by the rating agency) CHICAGO, July 19 (Fitch) Bank of America's (BAC) second quarter 2016 earnings improved relative to the sequential period due to better market conditions and continued expense management efforts, according to Fitch Ratings. BAC's total revenue expanded 4.5% from the sequential quarter but declined 7% from the year-ago quarter. Overall return on average assets (ROA) was 0.78% in 2Q16, up from 0.50% in the sequential quarter but down