Bank of America Corporation (BAC)
Bank of America Corporation Accruals: 15.93B
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BAC Accruals Rankings
| Overall | 99th percentile | 3 of 4305 |
| Sector | 99th percentile | 3 of 863 in Financial |
| Industry | 98th percentile | 1 of 63 in Regional - Mid-Atlantic Banks |
BAC Accruals Range, Past 5 Years
| Minimum | -60.91B | Jun 2011 |
| Maximum | 24.85B | Dec 2008 |
| Average | -14.46B |
About Accruals
Accruals are the non-cash net income earned by a business as a result of accrual based accounting. Mathematically, they are Net Income less Cash Flows from Operations.
Businesses with large positive accruals generally have large non-cash earnings like sales on account that have not yet been paid by customers. Those with negative accruals often are paid up-front for services and recognize the revenue over time as they perform the pre-paid service (newspapers are a good example of this type of business), or they may have large non-cash expenses such as depreciation.
Beware businesses that have large positive accruals over long periods of time. They are a signal of low quality earnings numbers (earnings without much actual cash behind them, in a simple sense). Accruals are also a key element of the Beneish M-Score which detects earnings manipulation, and companies with higher accruals relative to their assets are more likely to have been manipulating earnings.
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BAC News
about 6 hours ago by 61point8
about a day ago by dandyduct
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about a day ago by RoryFH
about a day ago by NHStocktrdr
about 2 days ago by NHStocktrdr
about 2 days ago by Good2go
about 2 days ago by smoogoo
about 2 days ago by CDMCapital
about 2 days ago by Mac1962
about 2 days ago by azendrian
May 25, 10:27AM Street Insider
May 25, 6:43AM Benzinga
May 25, 6:15AM Street Insider
May 22, 8:11AM Street Insider
May 21, 11:47AM Street Insider
May 21, 8:56AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BAC | 7.15 | +0.01 | +0.14% | 77.02B |
| BABY | 11.22 | +0.02 | +0.18% | 330.32M |
| AXP | 55.81 | -0.53 | -0.94% | 65.20B |
| AXN | 0.32 | -0.02 | -7.11% | 15.81M |
| AXL | 9.32 | -0.09 | -0.96% | 698.81M |
| AXK | 2.73 | -0.03 | -1.09% | 30.30M |
| AXJL | 57.50 | -0.53 | -0.91% | |
| AXFN | 20.75 | +0.00 | +0.00% | |
| AXE | 58.43 | -0.07 | -0.12% | 1.932B |
| AXDI | 56.32 | +0.00 | +0.00% |
