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Bank of America Corporation (NYSE:BAC)
Pretax Income
$20,242 Mil (TTM As of Jun. 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 Jun. 2016 was $5,929 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2016 was $20,242 Mil. Bank of America Corporation's pretax margin was 29.07%.

During the past 13 years, Bank of America Corporation's highest Pretax Margin was 43.93%. 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 Jun. 2016 is calculated as

Pretax Income=Operating Income+Other
=5929+0
=5,929

Bank of America Corporation Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2016 was 5767 (Sep. 2015 ) + 4847 (Dec. 2015 ) + 3699 (Mar. 2016 ) + 5929 (Jun. 2016 ) = $20,242 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

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

Pretax Margin=Pretax Income/Revenue
=5929/20398
=29.07%

During the past 13 years, Bank of America Corporation's highest Pretax Margin was 43.93%. 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 own currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Bank of America Corporation Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Pretax Income 31,97320,9244,4284,360-1,323-2303,07216,1726,85522,154

Bank of America Corporation Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
Pretax Income -6812,7954314,3104,3227,2185,7674,8473,6995,929
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