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Bank of America is a multinational banking and financial services corporation which offers banking, investing, and other financial and risk management services to individuals, SMBs and large corporations. It operates through four segments. The Company's Consumer Banking segment offers diverse accounts, lending and mortgages, credit and debit cards, and other products. Its Global Wealth and Investment Management 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 Company's Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products.
TypePublic
Founded1904
HQCharlotte, US
Websitebankofamerica.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2018)204,000(-2%)
Job Openings10,780
Revenue (FY, 2018)$110.6 B(+11%)
Share Price (Mar 2019)$29.8 (+2%)

Key People/Management at Bank of America

Brian Moynihan

Brian Moynihan

Chairman of the Board, Chief Executive Officer
Dean Athanasia

Dean Athanasia

President, Preferred and Small Business Co-Head, Consumer
Catherine Bessant

Catherine Bessant

Chief Operations and Technology Officer
Sheri Bronstein

Sheri Bronstein

Global Human Resources Executive
Paul Donofrio

Paul Donofrio

CFO
Anne Finucane

Anne Finucane

Vice Chairman
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Bank of America Office Locations

Bank of America has offices in Charlotte, Miami, San Francisco, Chicago and in 56 other locations
Charlotte, US (HQ)
100 N Tryon St
Chicago, US
135 S LaSalle St
Miami, US
701 Brickell Avenue
New York, US
Bank of America Tower
New York, US
Bank of America Tower
San Francisco, US
315 Montgomery St, San Francisco
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Bank of America Financials and Metrics

Bank of America Revenue

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Bank of America's revenue was reported to be $110.58 b in FY, 2018
USD

Revenue (FY, 2018)

110.6b

Gross profit (FY, 2018)

91.2b

Gross profit margin (FY, 2018), %

82.5%

Net income (FY, 2018)

28.1b

EBIT (FY, 2018)

47.4b

Market capitalization (18-Mar-2019)

287.4b

Closing stock price (18-Mar-2019)

29.8

Cash (31-Dec-2018)

177.4b

EV

359.6b
Bank of America's current market capitalization is $287.4 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

93.1b93.7b100.3b110.6b

Revenue growth, %

(2%)1%7%

Cost of goods sold

10.5b10.0b12.9b19.3b

Gross profit

82.5b83.7b87.4b91.2b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

22.0b22.9b24.0b24.9b26.0b25.3b27.1b27.3b27.9b

Cost of goods sold

2.5b2.5b2.4b2.7b3.2b3.5b4.0b4.7b5.1b

Gross profit

19.5b20.4b21.6b22.2b22.8b21.8b23.1b22.6b22.8b

Gross profit Margin, %

89%89%90%89%88%86%85%83%82%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

159.4b147.7b157.4b177.4b

Accounts Receivable

890.8b895.4b926.4b

PP&E

9.5b9.1b9.2b9.9b

Goodwill

69.8b69.0b69.0b69.0b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

179.6b171.2b143.4b168.0b158.7b172.4b204.2b171.2b184.9b

Accounts Receivable

889.0b891.3b893.3b895.1b905.8b916.4b923.8b925.8b920.1b

PP&E

9.4b9.2b9.1b9.3b8.9b9.0b9.4b9.5b9.7b

Goodwill

69.8b69.7b69.7b69.0b69.0b69.0b69.0b69.0b69.0b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

15.9b17.9b18.2b28.1b

Depreciation and Amortization

2.4b2.2b2.1b

Cash From Operating Activities

27.7b18.3b10.4b39.5b

Cash From Investing Activities

(55.0b)(63.1b)(52.0b)(71.5b)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

2.7b6.9b13.2b4.9b10.1b15.7b6.9b13.7b20.9b

Depreciation and Amortization

566.0m1.5b1.7b534.0m1.1b1.9b646.0m1.0b1.5b

Cash From Operating Activities

10.8b26.1b26.7b(12.8b)(3.0b)17.5b40.4b33.8b53.4b

Cash From Investing Activities

(21.4b)(30.5b)(63.0b)(14.0b)(24.2b)(40.0b)(22.8b)(20.9b)(47.2b)
USDY, 2018

EV/EBIT

7.6 x

EV/CFO

9.1 x

Revenue/Employee

542.1k

Financial Leverage

8.9 x
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Bank of America Operating Metrics

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Bank of America Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Merrill LynchJanuary 01, 2009
Countrywide Financial CorporationJuly 01, 2008
Catahoula-LaSalle BankOctober 01, 2007
U.S. Trust Company of DelawareOctober 01, 2007
HealthLogic SystemsSeptember 11, 2006
MBNAJuly 30, 2005
National ProcessingJuly 13, 2004
BAC Canada Finance Company
BAC North America Holding Company
BA Continuum Costa Rica
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Bank of America Revenue Breakdown

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Bank of America revenue breakdown by business segment: 38.8% from Consumer Banking, 20.9% from Global Wealth & Investment Management, 17.9% from Global Markets and 22.5% from Global Banking

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Bank of America Online and Social Media Presence

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Bank of America News and Updates

Bank of America says these are the 3 triggers that should prompt investors to sell stocks immediately

A burst of inflows into equity exchange-traded funds last week was a sign that the lengthy bull market remains resilient, according to Bank of America Merrill Lynch.  Although the flows were bullish, they were far from indicating the extreme sentiment that would signal it's time to ditch the crowd…

Option-trading opportunities on Advanced Micro Devices, Bank of America Corp., DowDuPont Inc., Google Inc., and Tencent Music Group

NEW YORK, March 20, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, BAC, DWDP, GOOG, and TME. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

How J.P.Morgan Plans To Beat Bank Of America In Low Income Areas

J.P.Morgan plans to enter into nine new U.S. markets and 30% of the branches will be in low to moderate income areas. Even though we live in a digital financial society, just how valuable are physical bank branches when it comes to closing the wealth gap?

Boeing's fix for 737 Max may take three to six months, Bank of America predicts

Boeing said a software change is in the works and Bank of America estimated it would take Boeing three to six months to "certify the fix."

JP Morgan escalates deposit wars with expansion into the heart of Bank of America country

As J.P. Morgan seeks to cover most of the U.S. population with branches by 2022, it is heightening a rivalry with the country's biggest banks. Banks of all sizes are competing for deposits to fuel growth.

Former Bank of America Managing Director Howard Needle Joins TransparentBusiness as Chief Financial Officer

NEW YORK, March 11, 2019 /PRNewswire/ -- TransparentBusiness, a technology company bringing transparency and accountability to contracting and remote workforce management, announced that Howard Needle has been promoted to the position of its Chief Financial Officer. Needle is a seasoned...
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Bank of America Frequently Asked Questions

  • When was Bank of America founded?

    Bank of America was founded in 1904.

  • Who are Bank of America key executives?

    Bank of America's key executives are Brian Moynihan, Dean Athanasia and Catherine Bessant.

  • How many employees does Bank of America have?

    Bank of America has 204,000 employees.

  • What is Bank of America revenue?

    Latest Bank of America annual revenue is $110.6 b.

  • What is Bank of America revenue per employee?

    Latest Bank of America revenue per employee is $542.1 k.

  • Who are Bank of America competitors?

    Competitors of Bank of America include State Bank of India, Rabobank and Ally Financial.

  • 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, Miami, San Francisco, Chicago and in 56 other locations.

  • How many offices does Bank of America have?

    Bank of America has 93 offices.