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. The Corporation operates through following divisions: Consumer Banking; the Global Banking; the Global Wealth and Investment Management; the Global Markets division.
Type
Public
HQ
Charlotte, US
Founded
1904
Size (employees)
209,000 (est)
Bank of America was founded in 1904 and is headquartered in Charlotte, US
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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 Shelton, Charleston, Gaithersburg, Oxnard and in 280 other locations
Charlotte, US (HQ)
100 N Tryon St
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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 $100.26 b in FY, 2017 which is a 7% increase from the previous period.
USD

Revenue (Q2, 2018)

54.4 b

Gross profit (Q2, 2018)

45.7 b

Gross profit margin (Q2, 2018), %

84%

Net income (Q2, 2018)

13.7 b

EBIT (Q2, 2018)

23.3 b

Market capitalization (16-Aug-2018)

306.8 b

Closing stock price (16-Aug-2018)

30.7

Cash (30-Jun-2018)

171.2 b

EV

402.8 b
Bank of America's current market capitalization is $306.8 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

95.2 b93.1 b93.7 b100.3 b

Revenue growth, %

(6%)(2%)1%7%

Cost of goods sold

10.9 b10.5 b10 b12.9 b

Gross profit

84.2 b82.5 b83.7 b87.4 b
Quarterly
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

138.6 b159.4 b147.7 b157.4 b

PP&E

10 b9.5 b9.1 b9.2 b

Goodwill

69.8 b69.8 b69 b69 b

Total Assets

2.1 t2.1 t2.2 t2.3 t
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

152 b153 b129 b163 b164 b170 b180 b171 b143 b168 b159 b172.4 b204.2 b171.2 b

PP&E

10.4 b10.1 b10 b9.8 b9.7 b9.6 b9.4 b9.2 b9.1 b9.3 b8.9 b9 b9.4 b9.5 b

Goodwill

69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.7 b69.7 b69 b69 b69 b69 b69 b

Total Assets

2.2 t2.2 t2.1 t2.1 t2.2 t2.2 t2.2 t2.2 t2.2 t2.3 t2.3 t2.3 t2.3 t2.3 t
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

4.8 b15.9 b17.9 b18.2 b

Depreciation and Amortization

2.5 b2.4 b2.2 b2.1 b

Cash From Operating Activities

26.7 b27.7 b18.3 b10.4 b

Cash From Investing Activities

(4.2 b)(55 b)(63.1 b)(52 b)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(276 m)2 b1.8 b3.4 b8.7 b13.2 b2.7 b6.9 b13.2 b4.9 b10.1 b15.7 b6.9 b13.7 b

Depreciation and Amortization

629 m1.3 b1.9 b608 m1.2 b1.8 b566 m1.5 b1.7 b534 m1.1 b1.9 b

Cash From Operating Activities

22.7 b27.5 b27.1 b(4.7 b)(12.6 b)22.3 b10.8 b26.1 b26.7 b(12.8 b)(3 b)17.5 b40.4 b33.8 b

Cash From Investing Activities

(29.4 b)(43.8 b)(31.9 b)(8.6 b)(18.4 b)(32.3 b)(21.4 b)(30.5 b)(63 b)(14 b)(24.2 b)(40 b)(22.8 b)(20.9 b)
USDY, 2018

EV/EBIT

17.3 x

EV/CFO

11.9 x

Financial Leverage

8.7 x
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Bank of America Operating Metrics

Bank of America's Total Loans was reported to be $934.1b in Q1, 2018.
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Bank of America Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Merrill Lynch January 01, 2009
Countrywide Financial Corporation July 01, 2008
MBNA July 30, 2005
National Processing July 13, 2004
BAC Canada Finance Company
BAC North America Holding Company
BA Continuum Costa Rica
BA Continuum India Private Limited
BA Continuum Singapore International Holdings Private Limited
BA Credit Card Funding
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Bank of America Revenue Breakdown

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

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Bank of America Online and Social Media Presence

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Bank of America News and Updates

Louisiana Bans Bank of America, Citi from Bond Sale Over Gun Policies

BofA, Citi Banned From Louisiana Bond Sale Due to Gun Policies

Bank of America asked 65 investors their biggest fear — and the top response shows just how vulnerable markets are right now

Bank of America Merrill Lynch surveyed 65 credit investors about their biggest market fear, and the most popular response is something that hasn't been a top concern in years. It feeds into a broader global story about liquidity drying up, and how that makes markets more vulnerable to sharp downtu…

The Tell: Stocks are becoming a bigger driver for the dollar: Bank of America

The U.S. dollar could come out on top in 2018 versus its G10 rivals, given equity and rates rankings by Bank of America Merrill Lynch, pointing to more dollar-bullishness to come.

Bank of America Merrill Lynch is building cross-country employee bonds

GetActive is essentially a step-counting challenge that aims to inculcate a more active lifestyle

Market Extra: Trump’s trade policies have ‘upended’ the ‘global economic order,’ Bank of America writes

Escalating tensions between the U.S. and its major trading partners have been a major headwind to the U.S. stock market throughout 2018, but the issue could be far more significant than the number of tariffs that are instituted, or the impact such policies could have on corporate profits and economi…
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Bank of America Company Life and Culture

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