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Bank of America Corporation (NYSE:BAC)
Pretax Income
$10,804 Mil (TTM As of Jun. 2014)

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. 2014 was $2,795 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2014 was $10,804 Mil. Bank of America Corporation's pretax margin was 12.85%.

During the past 13 years, Bank of America Corporation's highest Pretax Margin was 44.05%. The lowest was -1.20%. And the median was 33.70%.


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. 2013 is calculated as

Pretax Income=Operating Income+Other
=16172+0
=16,172

Bank of America Corporation's Pretax Income for the quarter that ended in Jun. 2014 is calculated as

Pretax Income=Operating Income+Other
=2795+0
=2,795

Bank of America Corporation Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2014 was 4845 (Sep. 2013 ) + 3845 (Dec. 2013 ) + -681 (Mar. 2014 ) + 2795 (Jun. 2014 ) = $10,804 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. 2014 is calculated as

Pretax Margin=Pretax Income/Revenue
=2795/21747
=12.85%

During the past 13 years, Bank of America Corporation's highest Pretax Margin was 44.05%. The lowest was -1.20%. And the median was 33.70%.

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Pretax Income 21,22124,48031,97320,9244,4284,360-1,323-2303,07216,172

Bank of America Corporation Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Pretax Income 3,1471,110-1,9041,9845,4984,8453,845-6812,795831
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