Bank of America (Bank of America) Pre-Tax Income : $26,515.00 Mil (TTM As of Dec. 2023)

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What is Bank of America Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Bank of America's pretax income for the three months ended in Dec. 2023 was $3,124.00 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $26,515.00 Mil. Bank of America's pretax margin was 14.23%.

During the past 13 years, Bank of America's highest Pretax Margin was 38.13%. The lowest was 9.27%. And the median was 31.26%.

Bank of America Pre-Tax Income Historical Data

The historical data trend for Bank of America's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank of America Pre-Tax Income Chart

Bank of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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32,754.00

18,995.00

33,976.00

30,969.00

28,342.00

Bank of America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pre-Tax Income	Get a 7-Day Free Trial															9,089.00	8,034.00	8,095.00	3,124.00	7,262.00

Competitive Comparison of Bank of America's Pre-Tax Income

For the Banks - Diversified subindustry, Bank of America's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

Bank of America's Pre-Tax Income Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of America's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Bank of America's Pre-Tax Income falls into.

Bank of America Pre-Tax Income Calculation

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

Bank of America's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	28342
	=	28,342.00

Bank of America's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	3124
	=	3,124.00

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $26,515.00 Mil.

Bank of America (NYSE:BMLpJ.PFD) Pre-Tax Income Explanation

Bank of America's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	3124	/	21959
	=	14.23%

During the past 13 years, Bank of America's highest Pretax Margin was 38.13%. The lowest was 9.27%. And the median was 31.26%.

Bank of America Pre-Tax Income Related Terms

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Bank of America (Bank of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of America Corp (NYSE:BMLpJ.PFD) » Definitions » Pre-Tax Income

Comparable Companies

Address

100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255

Website

https://www.bankofamerica.com

Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.