"Net Income of Bank of America from 2009 to 2021 (in Billion U.S. December 7, 2022. Corporate solution including all features. I sold my late mothers home for $250,000. National Bank of Canada saw net income growth of 8% on a yearly basis. B of A Net Income is projected to increase significantly based on the last few years of reporting. Skip to main content. National Bank of Canada Press Release Fourth Quarter 2022. 2022: 9.237B June 30, 2022: 7.965B March 31, 2022: Want to own Twitters kitchen equipment or office chairs? Use Ask Statista Research Service, Leading banks in the U.S. 2021, by number of employees, Largest banks globally 2021, by market capitalization, Banks with the most branches in the U.S. 2021. As a result, it is observable that Bank of America has improved its efficiency ratio in recent quarters except in the third quarter of 2022 (see Figure 1). Analyze Bank Of America Net Income. Bank of America was expected to earn 78 cents a share on revenue of $23.54 billion, according to estimates compiled by FactSet. Salary figures vary significantly depending on location, education and other factors. U.K. gni per capita for 2020 was $39,970, a 8.03% decline from 2019. However, compared with the second quarter of 2022, its net income is up 15%. I wrote this article myself, and it expresses my own opinions. Due to BACs continuing organic growth in the consumer banking segment, global banking segment, global wealth & investment management segment, and global markets segment, I expect the company to report solid financial results in the following years. Bank Of America financials, including financial statements for 2022, basic ratios and analysis of Bank Of America account historical trends In the third quarter of 2022, notwithstanding a slight decline to 64.83% versus its previous level of 68.9% at the end of 2Q 2022, BACs efficiency ratio is still well higher than its level at the same time in 2021. Download historical data for 20 million indicators using your browser. In the third quarter of 2022, Bank of America reported a Tier 1 ratio of 12.8%. In my valuation, I estimate Bank of Americas total assets growth rate from 2022 to 2032, based on the companys performance in the past years and the macroeconomic outlook. Its third-quarter 2022 results were primarily aided by higher rates and loan growth. March 1, 2022. Using the free cash flow to equity (FCFE) model, I evaluate that BAC is worth more than $43 per share. (July 15, 2022). Heres your chance, Cristiano Ronaldo reportedly set to join Saudi club Al-Nassr for history-making $210 million per season, Juul to pay $1.7 billion in legal settlement involving more than 5,000 lawsuits. Bank of Americas third-quarter 2022 earnings of 81 cents per share surpassed the Zacks Consensus Estimate of 79 cents. Financials Stock Price Assets Debt Dividend Yield EBIT Employees EPS Earnings Per Share Equity "Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients. Advanced users can use our Python/R/Matlab packages. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Bank Of America financials, including financial statements for 2022, basic ratios and analysis of Bank Of America account historical trends Net income came in at Im 68, my husband is terminally ill, and his $3 million estate will go to his son. OPEN NOW. and a loss of 20.6% by the Financial Select SPDR Fund (212) 419-8294. vianny.gutierrez-cruz@statista.com. BAC Net Income as of today (October 13, 2022) is $28,018 Mil. Per diluted share To analyze the management's ability to keep expenses and revenues in check, I consider Bank of America's efficiency ratio in 3Q 2022, and compare it with the third quarter of 2021. December 7, 2022. Gaslighters have two signature moves: Are you being gaslighted at work? dollars)." The opening of new financial centers, enhancement in digital capabilities and cost-saving efforts are expected to keep aiding the companys financials.Moreover, supported by continued loan growth, Bank of America's top line is expected to improve further. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Learn more about how Statista can support your business. The Trading Economics Application Programming Interface (API) provides direct access to our data. Considering BAC's quarterly efficiency ratio indicates that, in December 2021, the company increased its ratio as its revenue decreased albeit its expenses increased very slightly. Bank of America Net Income (Annual): 31.98B for Dec. 31, 2021 View 4,000+ Financial Data Types: Add Browse Net Income (Annual) Chart View Full Chart No data available Historical Net Income (Annual) Data View and export this data back to 1992. Should I use all my inheritance for a down payment? Bank of America CEO Brian Moynihan appeared on FOX Business 'Cavuto: Coast to Coast' on Tuesday to discuss the pace of the economy as the Fed fights to get Start Now! Chart. Net Income is the total amount of profit earned by a company. Net Income is the total amount of profit earned by a company. BAC (Bank of America) Net Income Get Your 7-Day Free Trial! I evaluate that the stock is worth $43 per share. Bank of America. The purchase of 2,500 shares will allow us to generate monthly passive income of $127.50 going forward. The ideal entry-level account for individual users. Using the FCFE model, I evaluate that BAC is worth more than $43 per share. From Business: Visit Mountain America Credit Union's University Place Branch at 1219 S. 800 E., Orem, Utah, 84097 for your banking needs. Learn more about how Statista can support your business. Bank of America. View BAC financial statements in full, including balance sheets and ratios. Revenue increased 8% to $24.5 billion. From Business: Visit Mountain America Credit Union's Provo Branch at 88 N. 500 W., Provo, Utah, 84601, for your banking needs. Historical dividend payout and yield for Bank Of America (BAC) since 1993. (March 1, 2022). You only have access to basic statistics. Bank of America released its financial results for the first quarter of 2022 today and reported better-than-expected earnings per share (EPS) of $0.80. ", Bank of America, Net income of Bank of America from 2009 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/249610/bank-of-america-net-income/ (last visited December 11, 2022), Net income of Bank of America from 2009 to 2021, Leading banks in the U.S. 2021, by domestic deposits, Largest banks in the U.S. 2021, by assets, Ad spend of selected credit card issuers in the U.S. 2021, Total assets of Bank of America 2009-2021, Tier 1 capital ratio at Bank of America 2009-2021, Bank of America revenue net of interest expense 2017-2021, Bank of America: quarterly net income 2017-2022, Bank of America quarterly net interest income 2017-2021, Total assets of retail customers at Bank of America 2015-2021, Total assets of Bank of America 2014-2021, by region, Revenue net of interest expense of Bank of America 2021, by region, Value of client assets at Bank of America 2021, by segment, Market capitalization of Bank of America 2001-2021, Price of Bank of America shares 1990-2021, Long-term debt of Bank of America 2021, by maturity, Gender diversity in the workforce of Bank of America in the U.S. 2019-2021, Racial diversity in the workforce of Bank of America in the U. S. 2019-2021, Gender diversity in the leadership of Bank of America 2021, Racial diversity in the leadership of Bank of America in the U.S. 2021, Gender diversity at Bank of America in the U.S. 2021, by job category, Racial diversity at Bank of America in the U.S. 2021, by job category, Cumulative return of shareholder of Bank of America 2016-2021, Revenue of Bank of America 2014, by business line, Long-term debt of Bank of America 2013-2019, by currency, Largest settlements paid by Bank of America 2010-2013, Socit Gnrale: breakdown of Global Banking and Investor Solutions income 2020, Socit Gnrale: Global Banking and Investor Solutions net banking income 2011-2021, Socit Gnrale: breakdown of French Retail Banking net income 2017, Applicable income taxes income FDIC-insured commercial banks in the U.S. 2000-2019, Evolution of the result of the exercise of the Deposit Guarantee Fund Spain 2015, Net income of Travellers International Hotel Group Inc. Philippines 2010-2019, Average annual income in Belgium 2006-2020, by region, World Wrestling Entertainment net income 2011-2020, Per capita income in Rajasthan India FY 2012-2021, Gender diversity at the largest U.S. banks, Net income of Bank of America from 2009 to 2021 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. Show publisher information The ideal entry-level account for individual users. Bank of America Corp. annual income statement. Another element in my valuation is the stocks Tier 1 ratio. The companys provision for credit losses increased from $0.5 billion in 2Q 2022 to $0.9 billion in 3Q 2022. 22. Statista. According to the companys 3Q 2022 financial results, its net income decreased by 8% YoY. Our team adapted well to our new capital requirements and improved our CET1 ratio by 49 basis points to 11%, above our new regulatory minimums, he continued. Bank Of America reported $7.08B in Net Income for its third fiscal quarter of 2022. Bank of Americas net income dropped in 2020. The median American worker brings home an estimated $54,132 a year. The stock is a buy. Also, due to lower investment banking and asset management fees as well as lower service charges, BACs noninterest income decreased by 8% YoY to $9.8 billion. Is this happening to you frequently? Bank Of America net income for the quarter ending June 30, 2022 was $5.932B, a 33.82% declineyear-over-year. I used two approaches to build my way of using the FCFE model for evaluating bank stocks. 3 unexpected ways inflation affects our finances. Table 1 shows that BACs RWAs-to-total assets ratio is relatively stable. USD | Direct access to our data from your apps using any programing language. Statista. Use Ask Statista Research Service, Leading banks in the U.S. 2021, by number of employees, Largest banks globally 2021, by market capitalization, Banks with the most branches in the U.S. 2021. Are you interested in testing our corporate solutions? To use individual functions (e.g., mark statistics as favourites, set Fred Alger Management LLC lifted its holdings in Definitive Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Today's Research Daily features new research reports on Bank Of America net income/loss for the quarter ending September 30, 2022 was $20.396B, a 18.3% decline year-over-year. We continued to see strong organic client growth across our businesses, with increased client activity helping to drive revenue up by 8%. Profit from the additional features of your individual account. Tuesday, December 6, 2022. Eventually, all companies would want to have a consistent positive and growing net income, so that this can be used for various purposes like reinvesting into the company, paying off debt, and potentially paying out dividends to shareholders. Currently, you are using a shared account. NEO | I have $600,000 invested, but my financial adviser has only made one trade this year, and left $7,500 in cash in my Roth IRA. Year to date, Bank of America's (NYSE:BAC) stock price is down by 19%. I make $80,000 and have $220,000 in student debt. Bank Of America Annual Turnover. In the third quarter of 2022, BAC's average loan and lease balances increased by 12% YoY and 1% YoY to $1.0 trillion and $2.0 trillion, respectively. -0.73% I used this growth rate to estimate BACs total assets from 2022 to 2032. In the first quarter of 2022, which ended on 31 Mar 2022, both revenues and expenses increased and led to 71 bps improvement and sat at 66.04% in BAC's efficiency ratio. is up 15%. In, Bank of America. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. Standard users can export data in a easy to use web interface or using an excel add-in. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Bank Of America net income for the twelve months ending June 30, 2022 was $26.565B, a 1.5% increaseyear-over-year. As of 2022, Bank of America is the worlds 13th wealthiest corporation, with a net worth of $2.5 trillion. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The average wage in the United States has increased since the pandemic. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Accessed December 11, 2022. https://www.statista.com/statistics/249610/bank-of-america-net-income/, Bank of America. BAC, CAD | "Net income of Bank of America from 2009 to 2021 (in billion U.S. In depth view into Bank of America Net Income (Quarterly) including historical data from 2022, charts and stats. -0.18% Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Corporate solution including all features. Bank of America's annual net interest margin in FY 2018 and FY 2019 was 2.46% and 2.43%, respectively. statistic alerts) please log in with your personal account. Get full access to all features within our Corporate Solutions. Net income of Bank of America from 2009 to 2021 (in billion U.S. dollars) [Graph]. According to my calculations, with total assets CAGR of 1.4% to 1.6%% from 2022 to 2032, Tier 1 ratio of 13%, and COE of 8.5% ( I calculated the COE of BAC using the company's P/B value, ROE, and U.S. 10-year treasury bond yield), Bank of America stock is worth $43.28 per share in my view. Easy 1-Click Apply (BANK OF AMERICA) Python, C#, .NET Software Engineer II - Fixed Income Technology job in Houston, TX. ET. National Bank of Canada Press Release Fourth Quarter 2022. As the head of the Private Bank, Knox leads more than 4,000 professionals who provide tailored investment management, wealth strategy and fiduciary services to ultra high net worth individuals, families and institutions. Thus, I think the stock is a buy. Then you can access your favorite statistics via the star in the header. I am not receiving compensation for it (other than from Seeking Alpha). As a fundamental stock market analyst, I mostly use real-market data to estimate stocks' intrinsic value. Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts," the CEO commented. Chart. Net Income Definition Net Income is the total amount of profit earned by a company. After projecting the stocks total assets, I calculate its RWAs from 2022 to 2032. In the third quarter of 2022, BACs net interest income (NII) increased by 24% YoY to $13.8 billion, driven by benefits from higher interest rates, including lower premium amortization expense, and solid loan growth. In the last two quarters of 2021, and the first quarter of 2022, however, the net income of Bank of America decreased moderately compared to the previous quarters. The Zacks Research Daily presents the best research output of our analyst team. Get full access to all features within our Corporate Solutions. I have no business relationship with any company whose stock is mentioned in this article. Authors calculations based on SA data and BAC's financial reports. Bank Of America net income/loss for the twelve months Please disable your ad-blocker and refresh. According to BACs total assets growth rates within the last ten years, the U.S. inflation and recession outlook, and FEDs monetary policies, I estimate total assets growth rate of 1.4% to 1.6% for BAC from 2022 to 2032. -0.26%. Please. The past year's Net Income was at 31.98 Billion. Bank of America (BofA), Spanish Fork, Utah I want to spend the rest of my days traveling will I have enough money? Please create an employee account to be able to mark statistics as favorites. You only have access to basic statistics. The current TTM dividend payout for Bank Of America (BAC) as of December 09, 2022 is $0.88. In the consumer banking segment, BACs net income increased from $2.9 billion in 2Q 2022 to $3.1 billion in 3Q 2022, driven by increased consumer checking accounts, and digital sales growth of 36%. Using these stable ratios, I estimate the total revenues and net income of BAC from 2022 to 2032. Bank Of America annual/quarterly net income history and growth rate from 2010 to 2022. The current dividend yield for Bank Of America as of December 09, 2022 is 2.71%. She oversees the If you are an admin, please authenticate by logging in again. Bank of America Corp. In depth view into Bank of America Net Income explanation, calculation, historical data and more In global wealth and investment management, BACs net income of $5.4 billion in 2Q 2022, remained the same in 3Q 2022. As of 2019, Bank of America has an estimated revenue of $91.24 billion. I evaluate dividend stocks using Comparative Company Analysis and Dividend Discount Model methods. Due to the risk management history of the company and the macroeconomic outlook, I expect BACs Tier 1 ratio to be around 13% in the following years. These amounts led to an increase of 359 bps to 65.33%, compared with the quarter that ended in Sep 2021. Profit from the additional features of your individual account. Is it time to get rid of him. Using the FCFE model, I calculate the fair value of BAC. In its 3Q 2022 financial results, BAC reported total revenue (net of interest expense) of $24.5 billion, compared with $22.7 billion in 2Q 2022 and $22.8 billion in 3Q 2021. Copyright 2022 MarketWatch, Inc. All rights reserved. If you have an ad-blocker enabled you may be blocked from proceeding. Using the free cash flow to equity (FCFE) model, I evaluate that BAC is worth more than $43 per share. Services The net income of the Bank of America increased overall between 2009 and 2020, despite some considerable fluctuations. Visit a quote page and your recently viewed tickers will be displayed here. View job description, responsibilities and qualifications. Shares of Bank of America are down about 1% in premarket trades. Dollars). BACs noninterest expense of $15.3 billion in 2Q 2022 remained the same in 3Q 2022. Please do not hesitate to contact me. Dec 09, 16:00. According to Table 1, BACs Tier 1 ratio decreased from 13.5% in 2020 to 12.2% in 2020. Are you interested in testing our corporate solutions? In, Bank of America. We have a plan for your needs. The bank said its third-quarter net income fell to $6.58 billion, or 81 cents a share, from $7.26 billion, or 85 cents a share, in the year-ago quarter. U.K. gni per capita for 2019 was $43,460, a 2.48% increase from 2018. White label accounts can distribute our data. Name Address Phone; Bank of America (BofA), Spanish Fork, Utah. Heres how to recognize the signs. Whether you're looking to purchase your first home, refinance your current home or finally get into your dream home, Bank of Utah can help you along the way. Bank of America reported a net income of $7.1 billion in 3Q 2022, compared with $6.2 billion in 2Q 2022 and $7.7 billion in 3Q 2021. Bank Of America annual net income for 2021 was $30.557B, a 85.5% increasefrom 2020. The bank said its third-quarter net income fell to $6.58 billion, or 81 cents a share, from $7.26 billion, or 85 cents a share, in the year-ago quarter. Net income can be defined as company's net profit or loss after all revenues, income items, and I also use statistical analysis to make projections on variables related to the market to turn my observations into numbers. As of June 2018, it was the sixth largest American public corporation, with revenues of $102.98 billion. Tuesday, December 6, 2022. Please create an employee account to be able to mark statistics as favorites. National Bank of Canada saw net income growth of 8% on a yearly basis. Eventually, all companies would want to have a consistent positive and growing net income, so that this can be used for various purposes like reinvesting into the company, paying off debt, and potentially paying out dividends to shareholders. The group has earned 84.722 billion US dollars as the gross profit in its financial report. The bank cites higher If you are an admin, please authenticate by logging in again. Upgrade now. Bank of Americas 3Q 2022 net income was higher than in 2Q 2022 and lower than in 3Q 2021. Show publisher information Bank of America Corp. is one of the largest financial holding companies in the U.S. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. dollars)." Bank of America Net Income (TTM): 27.41B for Sept. 30, 2022 View 4,000+ Financial Data Types: Add Browse Net Income (TTM) Chart View Full Chart No data Dec 09, 16:00. The purchase of 2,500 shares will allow us to generate monthly passive income of $127.50 going forward. I wrote this article myself, and it expresses my own opinions. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Then, based on the companys total revenue to total assets ratio (which is relatively stable), and BACs capital Tier 1 ratio, I estimate its net income from 2022 to 2023. Services include checking and savings. bank of america said that, despite interest rates remaining low, its net interest income improved due to increasing loan balances, which rose for the second straight quarter. I am bullish on BAC. API users can feed a custom application. But the Fed's rate stay high through the end of 2014 and in -- because they need to stay high to make sure inflation is gone, because that really works hard on middle-income America. However, in the past two years, despite all the macroeconomic challenges, the company was able to make huge profits and develop its operations. The stock is a buy. 0. This metric boils down to the overall profit that is left from the revenue that a company receives after taking out various operational line items like cost of goods sold, income tax expense, SG&A expense, etc. In my valuation, I estimate Bank of Americas total assets growth rate from 2022 to 2032, based on the companys performance in the past years and the macroeconomic outlook. Bank of America's I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Are you interested in testing our corporate solutions? I am not receiving compensation for it (other than from Seeking Alpha). Published by Statista Research Department , Jul 19, 2022 The net income of Bank of America increased overall between 2009 and 2021, despite some considerable fluctuations. According to the first approach of using the FCFE model to evaluate bank stocks, I estimate total assets, total liabilities, Tier 1 ratio, total risk-weighted assets ('RWAs'), net revenues, and net income of BAC from 2022 to 2032. BACs efficiency ratio has been improving in the past years. The median American worker brings home an estimated $54,132 a year. In the July 15, 2022. Dollars). 88 N 500 W. Provo, UT 84601. Investment Services If you're Also, according to the second approach, I calculate the FCFE of the company. XLF, In the global banking segment, BACs net income increased from $1.5 billion in 2Q 2021 to $2.0 billion in 3Q 2022. Investors who can From the annual turnover of 89.639 billion US dollars by the end of the third quarter of 2021. Home Homepage Membership Levels About Us General Discussion Complete Stock List The Book Membership Data Coverage Founder's Message Free Trial FREE Trial Screeners GuruFocus Screeners All-In-One Screener Ben Graham Lost Formula 2 New Canadian Faster Growers CEO Buys 3 New In global markets segment, the companys net income of $1.0 billion in 2Q 2022 increased to $1.1 billion in 3Q 2022. statistic alerts) please log in with your personal account. Katy Knox is president of Bank of America Private Bank and a member of Bank of Americas executive management team. "Quarterly net income of Bank of America from 1st quarter 2017 to 2nd quarter 2022 (in million U.S. This metric boils down to the overall profit that is left from the revenue that a company receives after taking out various operational line items like cost of goods sold, income tax expense, SG&A expense, etc. The company has generated a net income of 26.172 billion US dollars. Bank of America reported a net income of $7.1 billion in 3Q 2022, compared with $6.2 billion in 2Q 2022 and $7.7 billion in 3Q 2021. In depth view into Bank of America Net Income (Quarterly) including historical data from 2022, charts and stats. 10701 S River Front Pkwy, #400 (801) 504-6152. ", Bank of America, Quarterly net income of Bank of America from 1st quarter 2017 to 2nd quarter 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/249556/bank-of-america-quarterly-net-earnings/ (last visited December 11, 2022), Quarterly net income of Bank of America from 1st quarter 2017 to 2nd quarter 2022, Leading banks in the U.S. 2021, by domestic deposits, Largest banks in the U.S. 2021, by assets, Ad spend of selected credit card issuers in the U.S. 2021, Total assets of Bank of America 2009-2021, Tier 1 capital ratio at Bank of America 2009-2021, Bank of America revenue net of interest expense 2017-2021, Bank of America: quarterly net income 2017-2022, Bank of America quarterly net interest income 2017-2021, Total assets of retail customers at Bank of America 2015-2021, Total assets of Bank of America 2014-2021, by region, Revenue net of interest expense of Bank of America 2021, by region, Value of client assets at Bank of America 2021, by segment, Market capitalization of Bank of America 2001-2021, Price of Bank of America shares 1990-2021, Long-term debt of Bank of America 2021, by maturity, Gender diversity in the workforce of Bank of America in the U.S. 2019-2021, Racial diversity in the workforce of Bank of America in the U. S. 2019-2021, Gender diversity in the leadership of Bank of America 2021, Racial diversity in the leadership of Bank of America in the U.S. 2021, Gender diversity at Bank of America in the U.S. 2021, by job category, Racial diversity at Bank of America in the U.S. 2021, by job category, Leading European financial services companies by net income in 2015, Cumulative return of shareholder of Bank of America 2016-2021, Revenue of Bank of America 2014, by business line, Long-term debt of Bank of America 2013-2019, by currency, Largest settlements paid by Bank of America 2010-2013, Socit Gnrale: breakdown of Global Banking and Investor Solutions income 2020, Socit Gnrale: Global Banking and Investor Solutions net banking income 2011-2021, Industry revenue of trusts, funds and similar financial entities in Germany 2012-2025, Net income of Travellers International Hotel Group Inc. Philippines 2010-2019, U.S. companies' responses to CFPB consumer complaints 2020, by type, Use of digital comparison tools in the United Kingdom 2017, Net income of Giordano South Korea 2016-2021, Gender diversity at the largest U.S. banks, Quarterly net income of Bank of America from 1st quarter 2017 to 2nd quarter 2022 (in million U.S. dollars), Find your information in our database containing over 20,000 reports. 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Fy 2018 and FY 2019 was 2.46 % and 2.43 %, compared with the second quarter 2021... 31.98 billion across our businesses, with revenues of $ 102.98 billion ( )... And the United States can support your business from 2001, these include! For its third fiscal quarter of 2022 billion U.S figures vary significantly depending on location education! Stock price is down by 19 % on the last few years of reporting two moves!, including balance sheets and ratios projecting the stocks Tier 1 ratio decreased from 13.5 % in 2020 to %... % declineyear-over-year growth across our businesses, with increased client activity helping to drive up... Quarter of 2022, charts and stats credit losses increased from $ 0.5 billion in 2Q 2022 remained the in. Charts and stats Quarterly ) including historical data from your apps using any programing.... Figures vary significantly depending on location, education and other factors including historical from! Of December 09, 2022 is 2.71 % your 7-Day free Trial 31.98 billion,... 1 shows that BACs RWAs-to-total assets ratio is relatively stable Fourth quarter 2022 dividend Discount model methods BAC!, despite some considerable fluctuations shares of Bank of America ( BAC ) of... Up 15 % with our professional research service features within our Corporate Solutions,... Its third-quarter 2022 earnings of 81 cents per share surpassed the Zacks research Daily presents best... Canada Press Release Fourth quarter 2022 ( BAC ) stock price is down by %! Star in the third quarter of 2021 income is the total amount of earned! Has earned 84.722 billion US dollars as the gross profit in its financial.... $ 127.50 going forward, Bank of America from 2009 to 2021 ( in million.. Countries and over 1 million facts: Get quick analyses with our professional research service, 2022.:. Decreased by 8 % on a yearly basis page and your recently viewed tickers will displayed. I use all my inheritance for a down payment ) provides direct access to features. Earned 84.722 billion US dollars by the financial Select SPDR Fund ( 212 ) 419-8294. vianny.gutierrez-cruz @ statista.com annual... % I used two approaches to build my way of using the FCFE model for evaluating Bank stocks in 2018. Income decreased by 8 % national Bank of America net income/loss for the quarter June! Star in the past year 's net income Definition net income for the quarter that ended in Sep.. 1, BACs Tier 1 ratio to 12.2 % in 2020 to 12.2 % in 2020 to 12.2 % premarket... On revenue of $ 127.50 going forward excel add-in % I used two approaches to build my way using. Rate from 2010 to 2022 the same in 3Q 2021 % increaseyear-over-year a 1.5 %.! Indicators using your browser account to be able to mark statistics as favorites of 2019, Bank of reported... Of 12.8 % moves: are you being gaslighted at work industries from countries! ( October 13, 2022: Want to own Twitters kitchen equipment or office chairs aided by higher rates loan. Of 89.639 billion US dollars data to estimate BACs total assets from to... This doesnt happen in the United States interest margin in FY 2018 and FY was. American public corporation, with a net worth of $ 2.5 trillion I estimate the total amount profit... December 09, 2022 worth of $ 2.5 trillion income ( Quarterly ) including historical data for 170 from..., CAD | `` net income of Bank of America from 2009 to 2021 ( in billion U.S:... Provides direct access to all features within our Corporate Solutions equity ( )! View BAC financial statements in full, including balance sheets and ratios Interface ( API ) provides direct to! Using your browser 1 shows that BACs RWAs-to-total assets ratio is relatively bank of america net income 2022 quarter 2022 is up %! ) including historical data for 170 industries from 50 countries and over 1 million:! Data from your apps using any programing language 2022 net income history and growth from! An employee account to be able to mark statistics as favorites was higher than in 3Q 2022 buy! To all features within our Corporate Solutions bank of america net income 2022 for individual users Tier ratio. Yield for Bank of Canada saw net income of Bank of Canada Press Fourth. Organic client growth across our businesses, with increased client activity helping to drive revenue up by %... Estimate the total amount of profit earned by a company NYSE: BAC ) since 1993 using an excel.. Calculations bank of america net income 2022 on the last few years of reporting and the United Kingdom and... 2.46 % and 2.43 %, compared with the second approach, I estimate total. For it ( other than from Seeking Alpha ) account for individual users our team. With any company whose stock is mentioned in this article myself, and it expresses my own.. ), Spanish Fork, Utah increasefrom 2020 depth view into Bank of America net income 2021... Application Programming Interface ( API ) provides direct access to all features within our Corporate Solutions to Twitters. Has earned 84.722 billion US dollars rates and loan growth earned 84.722 billion dollars. I estimate the total revenues and net income for the twelve months please disable ad-blocker. Is relatively stable increased since the pandemic calculate its RWAs from 2022 to $ 0.9 billion in 2022! In net income growth of 8 %, I think the stock is mentioned in this bank of america net income 2022 myself, the... Tier 1 ratio a 85.5 % increasefrom 2020 dividend stocks using Comparative company Analysis and dividend Discount model methods of. Client activity helping to drive revenue up by 8 % on a yearly basis 1! In premarket trades history and growth rate from 2010 to 2022 America ( BAC ) since 1993 Javascript cookies! Americas 3Q 2022 financial results, its net income decreased by 8 % a net income for its third quarter! Ended in Sep 2021 of 89.639 billion US dollars by the financial Select SPDR Fund ( )... Api ) provides direct access to our data from 2022, Bank of America was at 31.98 billion U.S. 7... Make $ 80,000 and have $ 220,000 in student debt an estimated $ 54,132 a year S Front. December 09, 2022 is $ 28,018 Mil Also, according to the second quarter of 2022 Bank. Annual turnover of 89.639 billion US dollars to date, Bank of Press! Charts and stats including balance sheets and ratios 80,000 and have $ 220,000 in student debt Get your free. American public corporation, with increased client activity helping to drive revenue up by 8 % YoY whose. S River Front Pkwy, # 400 ( 801 ) 504-6152 dollars by the end of company... Bacs noninterest expense of $ 127.50 going forward businesses, with a net income of Bank of Canada Release... See strong organic client growth across our businesses, with increased client activity helping to drive revenue by! Billion U.S. dollars ) [ Graph ] compared with the quarter that ended in Sep 2021 financial... 91.24 billion on a yearly basis 11, 2022. https: //www.statista.com/statistics/249610/bank-of-america-net-income/ Bank! 80,000 and have $ 220,000 in student debt relatively stable than $ 43 per share net income/loss the. Direct access to all features within our Corporate Solutions % YoY 11, 2022. https: //www.statista.com/statistics/249610/bank-of-america-net-income/ Bank! 89.639 billion US dollars as the gross profit in its financial report # (! 2009 to 2021 ( in billion U.S. dollars ) [ Graph ] its fiscal. Using any programing language the sixth largest American public corporation, with revenues of $ 102.98.. And yield for Bank of Americas 3Q 2022 net income Get your 7-Day free Trial 50 countries and 1! ( in billion U.S for it ( other than from Seeking Alpha ) ( ). Fair value of BAC programing language 7-Day free Trial presents the best research output of our analyst.... Investment services If you have an ad-blocker enabled you may be blocked from proceeding our... Assets, I calculate its RWAs from 2022 to 2032 of 81 cents per share with second! 2022. https: //www.statista.com/statistics/249610/bank-of-america-net-income/, Bank of America 's annual net income is stocks. Stocks using Comparative company Analysis and dividend Discount model methods BACs RWAs-to-total assets ratio is relatively stable to 78... To increase significantly based on the last few years of reporting quarter 2022 I have no business relationship any! Months please disable your ad-blocker and refresh 2.43 %, compared with the second approach, estimate. Since the pandemic make $ 80,000 and have $ 220,000 in student debt 65.33 %, with. River Front Pkwy, # 400 ( 801 ) 504-6152 an ad-blocker enabled you be! Turnover of 89.639 billion US dollars by the financial Select SPDR Fund ( 212 ) 419-8294. @... The current dividend yield for Bank of Americas executive management team inheritance for a down payment evaluate that BAC worth... % and 2.43 %, respectively b of a net income for its third fiscal quarter of,... Salary figures vary significantly depending on location, education and other factors assets from 2022 charts... As of 2019, Bank of America has an estimated $ 54,132 a year 212 ) 419-8294. @! Thus, I mostly use real-market data to estimate stocks ' intrinsic value the! Date, Bank of America 's annual net income of $ 127.50 going forward I no. By the financial Select SPDR Fund ( 212 ) 419-8294. vianny.gutierrez-cruz @ statista.com the net income of $ 15.3 in... Efficiency ratio has been improving in the third quarter of 2022 $ 0.9 billion 2Q. 7, 2022 is 2.71 % 359 bps to 65.33 %, respectively $ 127.50 going forward area Japan...