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GuruFocus has detected 4 Warning Signs with Bank of America Corporation \$BAC.
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Bank of America Corporation (NYSE:BAC)
Pretax Income
\$21,779 Mil (TTM As of Sep. 2016)

Pretax income is the income that a company earns before paying income taxes. Bank of America Corporation's pretax income for the three months ended in Sep. 2016 was \$7,304 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2016 was \$21,779 Mil. Bank of America Corporation's pretax margin was 33.76%.

During the past 13 years, Bank of America Corporation's highest Pretax Margin was 31.31%. The lowest was -1.20%. And the median was 7.11%.

Definition

This is the income that a company earns before paying income taxes.

Bank of America Corporation's Pretax Income for the fiscal year that ended in Dec. 2015 is calculated as

 Pretax Income = Operating Income + Other = 22154 + 0 = 22,154

Bank of America Corporation's Pretax Income for the quarter that ended in Sep. 2016 is calculated as

 Pretax Income = Operating Income + Other = 7304 + 0 = 7,304

Bank of America Corporation Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2016 was 4847 (Dec. 2015 ) + 3699 (Mar. 2016 ) + 5929 (Jun. 2016 ) + 7304 (Sep. 2016 ) = \$21,779 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

Bank of America Corporation's Pretax Margin for the quarter that ended in Sep. 2016 is calculated as

 Pretax Margin = Pretax Income / Revenue = 7304 / 21635 = 33.76%

During the past 13 years, Bank of America Corporation's highest Pretax Margin was 31.31%. The lowest was -1.20%. And the median was 7.11%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Bank of America Corporation Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Pretax Income 20,924 4,428 4,360 -1,323 -230 3,072 16,172 6,855 22,154 25,153

Bank of America Corporation Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Pretax Income 431 4,310 4,322 7,218 6,247 4,847 3,699 5,929 7,304 6,055
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