OverviewSuggest Edit
Bank of America is a banking and financial services corporation that offers banking, investing, and other financial and risk management services to individuals, SMBs, and large corporations. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers diverse accounts, lending and mortgages, credit and debit cards, and other products. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products, as well as wealth and specialty asset management services. The Global Banking segment offers lending, treasury, working capital management solutions, debt and equity, and advisory services. The Global Markets segment delivers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products.
| Type | Public | |
| Founded | 1998 | |
| HQ | Charlotte, NC, US | Map |
| Website | bankofamerica.com | |
| Employee Ratings | More | |
| Overall Culture | B- | More |
Recent NewsAll News
- Krystal Biotech to Participate in Bank of America Merrill Lynch Global Healthcare Conference
- Arbor Biotechnologies to Present at the Bank of America Global Healthcare Conference
- Buy this HVAC stock with 42% upside, Bank of America says
- Esperion to Participate in Upcoming Bank of America Securities 2022 Healthcare Conference
Key People/Management at Bank of America
Brian Moynihan
Chairman of the Board and Chief Executive Officer
Raul A. Anaya
President, Business Banking; President, Greater Los Angeles
Catherine P. Bessant
Vice Chair
Dean Athanasia
President, Regional Banking
Sheri B. Bronstein
Chief Human Resources Officer
Paul Donofrio
Vice Chair
Bank of America Office Locations
Bank of America has offices in Charlotte, Chicago, Miami, New York and in 47 other locations
Charlotte, NC, US (HQ)
100 N Tryon St
Chicago, IL, US
135 S LaSalle St
Miami, FL, US
701 Brickell Avenue
New York, NY, US
One Bryant Park
San Francisco, CA, US
315 Montgomery St, San Francisco
Buenos Aires, AR
piso 11CP, Carlos M. Della Paolera 265
Bank of America Financials and Metrics
Bank of America Revenue
Bank of America's revenue was reported to be $93.85 b in FY, 2021 which is a 10.5% increase from the previous period.
| USD | |
|---|---|
Revenue (FY, 2021) | 93.9b |
Revenue growth (FY, 2020 - FY, 2021), % | 10.5% |
Gross profit (FY, 2021) | 89.1b |
Gross profit margin (FY, 2021), % | 95% |
Net income (FY, 2021) | 32.0b |
Market capitalization (28-Apr-2022) | 296.8b |
Closing stock price (28-Apr-2022) | 36.8 |
Cash (30-Jun-2021) | 260.0b |
EV | 333.0b |
Bank of America's current market capitalization is $296.8 b.
Annual
Annual
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Net Income | 7.3b | 14.7b | 20.4b | 4.0b | 7.5b | 12.4b | 8.1b | 17.3b |
Depreciation and Amortization | 418.0m | 852.0m | 1.3b | 432.0m | 880.0m | 1.4b | 461.0m | 930.0m |
Cash From Operating Activities | 15.1b | 8.4b | 2.7b | 19.0b | 16.0b | (16.6b) | (52.3b) | (61.6b) |
Cash From Investing Activities | (4.8b) | (7.2b) | (37.4b) | (90.4b) | (178.8b) | (123.8b) | (113.1b) | (221.7b) |
| USD | FY, 2018 |
|---|---|
Debt/Equity | 0.9 x |
Debt/Assets | 0.1 x |
Financial Leverage | 8.9 x |
Bank of America Operating Metrics
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Mobile Banking Users | 26.43 m | 27.13 m | 27.82 m | 28.7 m | 29.17 m | 29.82 m | 30.31 m | 30.6 m | 30.78 m | 31.49 m | 31.8 m |
Digital Banking Users | 36.26 m | 37.03 m | 37.29 m | 37.98 m | 38.27 m | 39.08 m | 39.29 m | 39.27 m | 39.32 m | 40.29 m | 40.51 m |
Customers (Online Banking) | 36 m | 37 m | 37 m | 38 m | 38 m | 39 m | 39 m | 39 m | 39 m | 40 m | 41 m |
Branches | 4.34 k | 4.35 k | 4.35 k | 4.3 k | 4.3 k | 4.3 k | 4.3 k | 4.31 k | 4.31 k | 4.32 k |
Bank of America Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| AxiaMed | April 02, 2021 | |
| Merrill Lynch | January 01, 2009 | |
| Countrywide Financial Corporation | July 01, 2008 | |
| LaSalle Bank | October 01, 2007 | |
| U.S. Trust | November 20, 2006 | |
| HealthLogic Systems | September 11, 2006 | |
| MBNA | July 30, 2005 | |
| TransMerit Merchant Services | July 13, 2004 | |
| FleetBoston Financial Group | October 27, 2003 | |
| BAC Canada Finance Company |
Bank of America Revenue Breakdown
Bank of America revenue breakdown by business segment: 21.9% from Global Wealth & Investment Management, 35.8% from Consumer Banking, 22.0% from Global Banking and 20.3% from Global Markets
Bank of America Cybersecurity Score
Bank of America Environment, Social & Governance (ESG) Ratings
Competitors
Bank of America Online and Social Media Presence
802.7k Twitter followers
Bank of America has 802.7k Twitter Followers. The number of followers has increased 4.4% month over month and increased 8.7% quarter over quarter
Bank of America's Trends
Twitter Engagement Stats for @BankofAmerica
11.3k
Tweets
679
Following
802.7k
Followers
61
Tweets last 30 days
12.2
Avg. likes per Tweet
91.8%
Tweets with engagement
Bank of America Company Culture
Overall Culture
B-
69/100
CEO Rating
B+
74/100
Compensation
B
69/100
Diversity
C+
67/100
Bank of America News and Updates
May 03, 2022
Krystal Biotech to Participate in Bank of America Merrill Lynch Global Healthcare Conference
PITTSBURGH, May 03, 2022 (GLOBE NEWSWIRE) -- Krystal Biotech, Inc., (the “Company”) (NASDAQ: KRYS), the leader in redosable gene therapy, today announced that Krish S. Krishnan, Chairman and Chief Executive Officer, will participate in the Bank of America Merrill Lynch Global Healthcare Conference…
May 03, 2022
Arbor Biotechnologies to Present at the Bank of America Global Healthcare Conference
CAMBRIDGE, Mass., May 03, 2022 (GLOBE NEWSWIRE) -- Arbor Biotechnologies, a biotechnology company discovering and developing the next generation of genetic medicines, today announced its participation in the upcoming Bank of America Global Healthcare Conference in Las Vegas, NV.
May 02, 2022
Buy this HVAC stock with 42% upside, Bank of America says
One equipment maker could see shares rally after a big pullback this year, according to Bank of America.
April 29, 2022
Esperion to Participate in Upcoming Bank of America Securities 2022 Healthcare Conference
ANN ARBOR, Mich., April 29, 2022 (GLOBE NEWSWIRE) -- Esperion (NASDAQ: ESPR), today announced that President and Chief Executive Officer, Sheldon Koenig, will present at the upcoming Bank of America Securities 2022 Healthcare Conference on Tuesday, May 10th, 2022.
April 27, 2022
Stocks could get more volatile from here, Bank of America says. Here are the names to watch
Stocks have been less volatile than bonds, and rocky earnings could close that gap, according to Bank of America.
April 27, 2022
Major shareholder announcement – Bank of America
Ambu A/S hereby announces in reference to Section 30 of the Danish Capital Markets Act that on April 26, 2022, pursuant to Section 38(1) of the Danish Capital Markets Act, Ambu has received a major shareholder notification from Bank of America Corporation bringing Bank of America Corporation above 5…
Bank of America Frequently Asked Questions
When was Bank of America founded?
Bank of America was founded in 1998.
Who are Bank of America key executives?
Bank of America's key executives are Brian Moynihan, Raul A. Anaya and Catherine P. Bessant.
How many employees does Bank of America have?
Bank of America has 208,000 employees.
What is Bank of America revenue?
Latest Bank of America annual revenue is $93.9 b.
What is Bank of America revenue per employee?
Latest Bank of America revenue per employee is $451.2 k.
Who are Bank of America competitors?
Competitors of Bank of America include First Foundation, Industrial and Commercial Bank of China and China Construction Bank.
Where is Bank of America headquarters?
Bank of America headquarters is located at 100 N Tryon St, Charlotte.
Where are Bank of America offices?
Bank of America has offices in Charlotte, Chicago, Miami, New York and in 47 other locations.
How many offices does Bank of America have?
Bank of America has 52 offices.
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