Bank of America (XSGO:BAC) Net Margin % : 27.21% (As of Sep. 2024)

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What is Bank of America Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Bank of America's Net Income for the three months ended in Sep. 2024 was $6,896 Mil. Bank of America's Revenue for the three months ended in Sep. 2024 was $25,345 Mil. Therefore, Bank of America's net margin for the quarter that ended in Sep. 2024 was 27.21%.

The historical rank and industry rank for Bank of America's Net Margin % or its related term are showing as below:

XSGO:BAC' s Net Margin % Range Over the Past 10 Years
Min: 6.43 Med: 24.1 Max: 35.88
Current: 23.97

XSGO:BAC's Net Margin % is ranked worse than
51.21% of 1533 companies
in the Banks industry
Industry Median: 24.47 vs XSGO:BAC: 23.97

Bank of America Net Margin % Historical Data

The historical data trend for Bank of America's Net Margin % 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.

* Premium members only.

Bank of America Net Margin % Chart

Bank of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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30.06

20.92

35.88

28.99

26.90

Bank of America Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Net Margin %	Get a 7-Day Free Trial															31.00	14.32	25.85	27.18	27.21

Competitive Comparison of Bank of America's Net Margin %

For the Banks - Diversified subindustry, Bank of America's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of America's Net Margin % distribution charts can be found below:

* The bar in red indicates where Bank of America's Net Margin % falls into.

Bank of America Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

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

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	26515	/	98581
	=	26.90 %

Bank of America's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin	=	Net Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	6896	/	25345
	=	27.21 %

Bank of America (XSGO:BAC) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Bank of America Net Margin % Related Terms

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Bank of America Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of America Corp (XSGO:BAC) » Definitions » Net Margin %

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 $3.0 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 US-focused.