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General Information About the Bank of America Corporation

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Bank of America Corporation as on 31st of December 2015

Balance Sheet Analysis:

The Bank of America Corporation had total assets of $ 2,144,316 million including $ 159,353 million of cash and cash equivalents, $ 407,005 million of total debt securities and other assets. The total assets of the last year was of $ 2,104,534 million. Hence there is an increase in the value of total assets as compared to the assets of previous year of $ 39,782 million. This is a 1.86 percent of increase in the total assets. On the other hand there is 9 percent of decrease in the total assets of peer. The cash and cash equivalents of the previous year was of $ 138,589 million. This shows that there is also an increase in the cash and cash equivalents. The value (balance) of the total debt securities of the previous year was of $ 380,461 million. Hence this shows that there is also an increase in the total debt securities. The value of total fixed assets was $ 9,485 million as on 31st of December 2015 and $ 10,049 million as on 31st of December 2014. This shows that there is no procurement of fixed assets occur during this period. This shows that the difference occurred by depreciation and may be by impairment. There is also no purchase of any intangible asset. Thus there is no difference in the value of goodwill. The reduction in the value of intangible assets by amortization and may be by impairment. The results shows the fall in the value of customers’ receivables and other receivables. This may be happened by adjustment of the outdated debts or payment by the receivables. But there is a net increase in the value of total assets of the Bank of the America Corporation. But there is decrease in value of total assets of its peer from previous year to current year (Dean C. Athanasia , 2015).

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The balance of the total liabilities was $ 1,888,111 million as on 31st of December 2015 and $ 1,861,063 million as on 31st of December 2014. The increase of total liabilities is of $ 27,048 million and 1.43 in percentage. But there is 10 percent decrease in the total liabilities of peer. The increase in the figure of total liabilities by term deposits including interest bearing and non-interest bearing and some increase by the accrued expenses. But there is decrease in the value of total liabilities of its peer. The statement of financial position also shows the balance of the shareholders’ equity was $ 256,205 million as on 31st of December 2015 and $ 243,472 million as on 31st of December 2014. This shows the some increase in the value of total shareholders’ equity. There is also some increase in the value of total equity of its peer (Diana Farrell, 2015).

Income Statement Analysis:

The total interest income was $ 49,800 million as on 31st of December 2015 and $ 50,888 million as on 31st of December 2014. And the total interest expense was $ 10,549 million as on 31st of December 2015 and $ 10,934 million as on 31st of December 2014. Hence net interest income was $ 39,251 million as on 31st of December 2015 and $ 39,952 million as on 31st of December 2014. And after account for the other income and expenses, the net income was $ 15,888 million as on 31st of December 2015 and $ 4,833 million as on 31st of December 2014 (Dean C. Athanasia , 2015). This shows that there is also increase in the net income as compared to last year of $ 11,055 million. There is also some increase in the income of its peer. There is 0.001 % increase as compared to the peer’s interest income, in the interest income as ratio of interest income to total assets. There is also some increase in the ratio of non-interest income as shown below. But there is also increase in the non interest-expense as compared to peer’s non-interest expense. All the detail has shown in the table given below.

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