Bank of America
OverviewSuggest Edit
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.
| Type | Public | |
| Founded | 1904 | |
| HQ | Charlotte, US | Map |
| Website | bankofamerica.com | |
| Employee Ratings | More | |
| Culture score | B | More |
Recent NewsAll News
- Thinking about buying stock in IZEA Worldwide, Penn National Gaming, Aphria, Bank of America, or Coty?
- Bank of America wealth management executive says clients are still holding more cash
- Why the CEO of $160 billion Citizens Bank is turning to digital in a bid to compete against industry titans like JPMorgan Chase and Bank of America
- Class Action Lawsuit Claims Bank of America, Wells Fargo, Other Banks Refused to Pay Agents for Preparing PPP Applications
Key People/Management at Bank of America
Angeline Tan
Vice President , Global Transaction Services
Brian Moynihan
Chairman of the Board and Chief Executive Officer
Alexander Lin
Vice President , Global Research
Dean Athanasia
President of Consumer and Small Business
Sharon L. Allen
Director
Francesco Allamandi
Vice President , Global Corporate & Investment Banking
Bank of America Office Locations
Bank of America has offices in Charlotte, Chicago, Miami, New York and in 51 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
San Francisco, 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 $91.24 b in FY, 2019
| USD | |
|---|---|
Revenue (Q1, 2020) | 22.8b |
Net income (Q1, 2020) | 4.0b |
Market capitalization (29-May-2020) | 209.3b |
Closing stock price (29-May-2020) | 24.1 |
Cash (31-Mar-2020) | 250.4b |
EV | 250.8b |
Bank of America's current market capitalization is $209.3 b.
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 24.9b | 26.0b | 25.3b | 27.1b | 27.3b | 27.9b | 28.8b | 29.1b | 28.5b | 22.8b |
Cost of goods sold | 2.7b | 3.2b | 3.5b | 4.0b | 4.7b | 5.1b | 5.8b | 6.0b | 5.7b | |
Gross profit | 22.2b | 22.8b | 21.8b | 23.1b | 22.6b | 22.8b | 23.0b | 23.1b | 22.8b | |
Gross profit Margin, % | 89% | 88% | 86% | 85% | 83% | 82% | 80% | 79% | 80% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 168.0b | 158.7b | 172.4b | 204.2b | 171.2b | 184.9b | 171.6b | 171.4b | 157.1b | 250.4b |
Accounts Receivable | 895.1b | 905.8b | 916.4b | 923.8b | 925.8b | 920.1b | 936.0b | 954.3b | 963.5b | 69.2b |
PP&E | 9.3b | 8.9b | 9.0b | 9.4b | 9.5b | 9.7b | 10.3b | 10.4b | 10.5b | 10.8b |
Goodwill | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 4.9b | 10.1b | 15.7b | 6.9b | 13.7b | 20.9b | 7.3b | 14.7b | 20.4b | 4.0b |
Depreciation and Amortization | 534.0m | 1.1b | 1.9b | 646.0m | 1.0b | 1.5b | 26.0m | 55.0m | 1.3b | 432.0m |
Cash From Operating Activities | (12.8b) | (3.0b) | 17.5b | 40.4b | 33.8b | 53.4b | 15.1b | 8.4b | 2.7b | 19.0b |
Cash From Investing Activities | (14.0b) | (24.2b) | (40.0b) | (22.8b) | (20.9b) | (47.2b) | (4.8b) | (7.2b) | (37.4b) | (90.4b) |
| USD | Y, 2020 |
|---|---|
EV/CFO | 13.2 x |
Financial Leverage | 9.9 x |
Bank of America Operating Metrics
Bank of America's Total Loans was reported to be $929.8b in Q3, 2019.
| FY, 2012 | FY, 2013 | FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mobile Banking Users | 14.40 m | 16.54 m | 18.71 m | 19.60 m | 20.23 m | 21.31 m | 21.65 m | 22.22 m | 22.90 m | 23.57 m | 24.24 m | 24.80 m | 25.34 m | 25.99 m | 26.43 k | 25 m | 27.82 m | 25.99 m | ||||
Total Loans | $898.77 b | $918.64 b | $898.70 b | $867.17 b | $876.18 b | $877.43 b | $876.79 b | $892.98 b | $899.67 b | $900.59 b | $900.43 b | $914.14 b | $914.72 b | $918.13 b | $936.75 b | $934.08 b | $935.82 b | $929.80 b | $946.90 b | $931.92 b | $934.82 b | $929.80 b |
Non-performing Loans | $23.56 b | $17.77 b | $12.63 b | $12.10 b | $11.57 b | $10.34 b | $9.84 b | $9.28 b | $8.80 b | $8.74 b | $8.08 b | $7.64 b | $7.13 b | $6.87 b | $6.76 b | $6.69 b | $6.18 b | $5.45 b | $5.24 b | $6.69 b | $6.18 b | $5.45 b |
Countries | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
Bank of America Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Merrill Lynch | January 01, 2009 | |
| Countrywide Financial Corporation | July 01, 2008 | |
| Catahoula-LaSalle Bank | October 01, 2007 | |
| U.S. Trust Company of Delaware | October 01, 2007 | |
| HealthLogic Systems | September 11, 2006 | |
| MBNA | July 30, 2005 | |
| National Processing | July 13, 2004 | |
| BAC Canada Finance Company | ||
| BAC North America Holding Company | ||
| BA Continuum Costa Rica |
Bank of America Revenue Breakdown
Bank of America revenue breakdown by business segment: 17.4% from Global Markets, 21.2% from Global Banking, 20.9% from Global Wealth & Investment Management and 40.5% from Consumer Banking
Bank of America Online and Social Media Presence
551.25k Twitter followers
Bank of America has 551.25k Twitter Followers. The number of followers has increased 0.4% month over month and increased 2% quarter over quarter
Bank of America's Trends
Twitter Engagement Stats for @BankofAmerica
9.7k
Tweets
675
Following
551.3k
Followers
64
Tweets last 30 days
52.1
Avg. likes per Tweet
100%
Tweets with engagement
Bank of America Company Culture
Overall Culture
B
69/100
CEO Rating
A-
74/100
Compensation
B
70/100
Diversity
C+
67/100
Bank of America News and Updates
May 27, 2020
Thinking about buying stock in IZEA Worldwide, Penn National Gaming, Aphria, Bank of America, or Coty?
NEW YORK, May 27, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for IZEA, PENN, APHA, BAC, and COTY. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
May 26, 2020
Bank of America wealth management executive says clients are still holding more cash
Bank of America Corp head of
wealth management Andy Sieg, said on Tuesday that the
coronavirus pandemic has not meaningfully disrupted business at
the wirehouse, though clients are still holding more cash.
May 25, 2020
Why the CEO of $160 billion Citizens Bank is turning to digital in a bid to compete against industry titans like JPMorgan Chase and Bank of America
Citizens Bank was poised to release a new, mobile-first customer application early this year, but delayed it amid a massive change in consumer behavior from the coronavirus.
The new app — now scheduled for wide release in the coming months — is part of a broader digital vision from CEO Bruce Van …
May 23, 2020
Class Action Lawsuit Claims Bank of America, Wells Fargo, Other Banks Refused to Pay Agents for Preparing PPP Applications
ATLANTA, May 22, 2020 /PRNewswire/ -- Attorneys from Heninger Garrison Davis, LLC's class action group, along with co-counsel from Geragos & Geragos, PC, Zimmerman Reed, LLP, and Zumpano Patricios & Popok, PLLC, and Graylaw Group, Inc., filed a class action complaint against a number of...
May 22, 2020
JPMorgan and Bank of America are reassigning staff to focus on troubled loans and companies amid a wave of pandemic-driven disruptions
Some of the largest US banks have been shifting employees into roles restructuring troubled loans, according to people with knowledge of their policies.
Others are lending a hand with an influx of new loan requests, including credits for troubled companies seeking cash, some of the people said.
…
May 22, 2020
Bank of America leak exposes business details of PPP relief applicants
Bank of America accidentally exposed the personal details of applicants applying for loans from the...
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 Angeline Tan, Brian Moynihan and Alexander Lin.
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 $91.2 b.
What is Bank of America revenue per employee?
Latest Bank of America revenue per employee is $438.7 k.
Who are Bank of America competitors?
Competitors of Bank of America include HSBC, Banco Santander and Wells Fargo.
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 51 other locations.
How many offices does Bank of America have?
Bank of America has 58 offices.
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