On Jan. 23, Bank of America
- Net income rose 47%, driven by growth in card income, service charges, and investment banking income.
- The acquisition of MBNA makes Bank of America the largest credit card issuer in the U.S. and U.K.
- Return on equity improved, and the efficiency ratio dropped below 50%.
- Income Investor recommendation Bank of America carries a four-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Total Revenue |
$16,895 |
$12,410 |
36.1% |
|
Net Interest Income |
$8,599 |
$7,859 |
9.4% |
|
Net Profit |
$5,256 |
$3,574 |
47.1% |
|
EPS |
$1.16 |
$0.88 |
31.8% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Net Interest Margin |
2.75% |
2.82% |
(0.07%) |
|
Efficiency Ratio |
48.31% |
52.09% |
(3.78%) |
|
Nonperforming Assets / Assets |
0.13% |
0.12% |
0.01% |
|
Return on Average Assets |
1.39% |
1.09% |
0.30% |
|
Return on Average Equity |
15.76% |
14.21% |
1.55% |
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Investments |
$345,898 |
$353,310 |
(2.1%) |
|
Loans |
$706,490 |
$573,791 |
23.1% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Deposits |
$693,497 |
$634,670 |
9.3% |
|
Total Liabilities |
$1,324,465 |
$1,190,270 |
11.3% |
Learn about bank assets and bank liabilities.
Related Companies:
-
JPMorgan Chase
(NYSE:JPM) -
Citigroup
(NYSE:C) -
Wells Fargo
(NYSE:WFC) -
Goldman Sachs
(NYSE:GS) -
Wachovia
(NYSE:WB)
Related Foolishness:
- In the Ultra Wealthy, Bank of America Trusts
- Get What You Pay For
- SafeNet Executives Without a Safety Net
JPMorgan Chase and Bank of America are Income Investor recommendations. You can find out why with a 30-day free trial.
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