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Bank of America Corporation  (NYSE:BAC) Pre-Tax Income: $28,301 Mil (TTM As of Jun. 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 Jun. 2017 was $8,377 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2017 was $28,301 Mil. Bank of America Corporation's pretax margin was 36.69%.

During the past 13 years, Bank of America Corporation's highest Pretax Margin was 33.21%. The lowest was -1.20%. And the median was 7.68%.


Historical Data

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

* Premium members only.

Bank of America Corporation Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Pre-Tax Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,072.00 16,172.00 7,963.00 22,070.00 25,153.00

Bank of America Corporation Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Pre-Tax Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,304.00 6,055.00 6,565.00 8,377.00 7,866.00

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

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 Jun. 2017 is calculated as

Pretax Income=Operating Income+Other
=8377+0
=8,377

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2017 was 7304 (Sep. 2016 ) + 6055 (Dec. 2016 ) + 6565 (Mar. 2017 ) + 8377 (Jun. 2017 ) = $28,301 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 Jun. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=8377/22829
=36.69%

During the past 13 years, Bank of America Corporation's highest Pretax Margin was 33.21%. 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.


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