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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)
Pre-Tax Income
$25,853 Mil (TTM As of Mar. 2017)

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 Mar. 2017 was $6,565 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2017 was $25,853 Mil. Bank of America Corporation's pretax margin was 29.51%.

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 7.68%.


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. 2016 is calculated as

Pretax Income=Operating Income+Other
=25153+0
=25,153

Bank of America Corporation's Pretax Income for the quarter that ended in Mar. 2017 is calculated as

Pretax Income=Operating Income+Other
=6565+0
=6,565

Bank of America Corporation Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2017 was 5929 (Jun. 2016 ) + 7304 (Sep. 2016 ) + 6055 (Dec. 2016 ) + 6565 (Mar. 2017 ) = $25,853 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 Mar. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=6565/22248
=29.51%

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 7.68%.

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

Bank of America Corporation Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 20,9244,4284,360-1,323-2303,07216,1727,96322,07025,153

Bank of America Corporation Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Pretax Income 5,4184,3227,2186,2474,8474,9775,9297,3046,0556,565
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