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: 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 | A+ | More |
Recent NewsAll News
- Central banks that don't issue their own digital tokens could see demand for their currencies drop — CBDCs could even be part of their policy toolkit, Bank of America says
- Interest rates haven’t been this low in 5,000 years: Bank of America report
- Bank Of America Listed Among Heavyweights Invested In $300 Million Blockchain Funding Round
- Need to Know: Here’s why the 10-year yield is so low, and the summer event that could change it, from Bank of America
Key People/Management at Bank of America
Brian Moynihan
Raul A. Anaya
Amanda Schlang
Catherine P. Bessant
Dean Athanasia
Sheri B. Bronstein
Bank of America Office Locations
Bank of America Financials and Metrics
Bank of America Revenue
| USD | |
|---|---|
Revenue (Q1, 2021) | 24.0b |
Gross profit (Q1, 2021) | 22.8b |
Gross profit margin (Q1, 2021), % | 95% |
Net income (Q1, 2021) | 8.1b |
Market capitalization (30-Jul-2021) | 325.6b |
Closing stock price (30-Jul-2021) | 38.4 |
Cash (31-Mar-2021) | 326.1b |
EV | 272.4b |
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|
Net Income | 7.3b | 14.7b | 20.4b | 4.0b | 7.5b | 12.4b | 8.1b |
Depreciation and Amortization | 418.0m | 852.0m | 1.3b | 432.0m | 880.0m | 1.4b | 461.0m |
Cash From Operating Activities | 15.1b | 8.4b | 2.7b | 19.0b | 16.0b | (16.6b) | (52.3b) |
Cash From Investing Activities | (4.8b) | (7.2b) | (37.4b) | (90.4b) | (178.8b) | (123.8b) | (113.1b) |
| USD | FY, 2018 |
|---|---|
EV/CFO | 7.9 x |
Revenue/Employee | 536.2k |
Debt/Equity | 0.9 x |
Debt/Assets | 0.1 x |
Financial Leverage | 8.9 x |
P/E Ratio | 9.4 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
Customers (Online Banking) | 36 m | 37 m | 37 m | 38 m | 38 m | 39 m | 39 m | 39 m | 39 m | 40 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 Cybersecurity Score
Bank of America Environment, Social & Governance (ESG) Ratings
Bank of America Online and Social Media Presence
561.16k Twitter followers
Bank of America has 561.16k Twitter Followers. The number of followers has increased 0.3% month over month and decreased 0.1% quarter over quarter
Bank of America's Trends
Twitter Engagement Stats for @BankofAmerica
10.6k
Tweets
681
Following
561.2k
Followers
85
Tweets last 30 days
9.7
Avg. likes per Tweet
76.5%
Tweets with engagement
Bank of America Company Culture
Overall Culture
A+
79/100
CEO Rating
A+
80/100
Compensation
B
73/100
Bank of America News and Updates
Central banks that don't issue their own digital tokens could see demand for their currencies drop — CBDCs could even be part of their policy toolkit, Bank of America says
Interest rates haven’t been this low in 5,000 years: Bank of America report
Bank Of America Listed Among Heavyweights Invested In $300 Million Blockchain Funding Round
Need to Know: Here’s why the 10-year yield is so low, and the summer event that could change it, from Bank of America
Bank of America explains how it's adjusting its European stock portfolio as COVID-19 variants threaten global growth
Bank of America closing Forest Hill Avenue branch permanently
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 Amanda Schlang.
How many employees does Bank of America have?
Bank of America has 213,000 employees.
What is Bank of America revenue?
Latest Bank of America annual revenue is $93.8 b.
What is Bank of America revenue per employee?
Latest Bank of America revenue per employee is $440.2 k.
Who are Bank of America competitors?
Competitors of Bank of America include Citibank, Huntington Bancshares and BNP Paribas.
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 49 other locations.
How many offices does Bank of America have?
Bank of America has 58 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies