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
Paul Donofrio

Paul Donofrio

Chief Financial Officer
Thomas Montag

Thomas Montag

Chief Operating Officer
Sheri Bronstein

Sheri Bronstein

Global Human Resources Executive
Anne Finucane

Anne Finucane

Vice Chairman
Geoffrey Greener

Geoffrey Greener

Chief Risk Officer
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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
Charlotte, US (HQ)
100 North Tryon Street
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Bank of America Financials and Metrics

Bank of America Financials

Bank of America's revenue was reported to be $93.66 b in FY, 2016 which is a 0.7% increase from the previous period.
USD

Revenue (Q3, 2017)

25.3 b

Gross profit (Q3, 2017)

21.8 b

Gross profit margin (Q3, 2017), %

86.2%

Net income (Q3, 2017)

5.6 b

Market capitalization (20-Apr-2018)

326.2 b

Cash (30-Sep-2017)

172.4 b

EV

415.1 b
Bank of America's current market capitalization is $326.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

95.2 b93.1 b93.7 b

Revenue growth, %

(6%)(2%)1%

Cost of goods sold

10.9 b10.5 b10 b

Gross profit

84.2 b82.5 b83.7 b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

25.4 b24.7 b23.8 b23.7 b24.8 b23.2 b22 b22.9 b24 b24.9 b26 b25.3 b

Cost of goods sold

2.9 b2.9 b2.6 b2.5 b2.6 b2.5 b2.5 b2.5 b2.4 b2.7 b3.2 b3.5 b

Gross profit

22.6 b21.7 b21.2 b21.2 b22.1 b20.7 b19.5 b20.4 b21.6 b22.2 b22.8 b21.8 b

Gross profit Margin, %

89%88%89%89%89%89%89%89%90%89%88%86%
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

138.6 b159.4 b147.7 b

PP&E

10 b9.5 b9.1 b

Goodwill

69.8 b69.8 b69 b

Total Assets

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

Cash

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

Goodwill

69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.7 b69.7 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 t
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

4.8 b15.9 b17.9 b

Depreciation and Amortization

2.5 b2.4 b2.2 b

Cash From Operating Activities

26.7 b27.7 b18.3 b

Cash From Investing Activities

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

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 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 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)
USDY, 2017

EV/CFO

23.8 x

Revenue/Employee

120.6 k

Debt/Equity

1 x

Debt/Assets

0.1 x

Financial Leverage

8.4 x
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Bank of America Operating Metrics

Bank of America's Total Loans was reported to be $918.1b in Q3, 2017.
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Bank of America Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PT Merrill Lynch Indonesia
BofA Canada Bank
CM Investment Solutions Limited
Blue Ridge Investments
Cherry Park LLC
BA Continuum India Private Limited
BANA Canada Funding Company Ltd.
BANA Holding Corporation
First Franklin Financial Corporation
BA Credit Card Funding
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Bank of America News and Updates

An overlooked corner of the market has been quietly crushing it — and Bank of America has 2 trades to capitalize on more strength

An overlooked area of the market has been outperforming, sporting the only positive information ratio out of all major asset classes since the start of 2018. Bank of America Merrill Lynch sees the group continuing to outperform, and offers two trade recommendations investors can use to capitalize.…

Bank of America reports record first-quarter profits of $6.9bn

Bank of America today reported record earnings which beat analyst expectations thanks to higher interest rates and the boost from tax cuts. The figures Pre-tax income rose by 15 per cent year-on-year to $8.4bn (£5.8bn), with net income rising 30 per cent to a record $6.9bn, the bank said. E…

Bank of America is gaining ground after earnings (BAC)

Bank of America is climbing after an earnings topped expectations. The US's third-largest bank by assets said it paid an effective tax rate of 9%. Deposits rose 3%, hitting a record $1.3 trillion in the bank's consumer banking division.  Follow Bank of America's stock price in real-time here.  Sh…

Bank of America beats, delivers a record quarter (BAC)

Bank of America Merrill Lynch just announced first-quarter earnings results, beating analyst estimates with earnings per share of $0.62.  Analysts had been expecting the bank to report adjusted earnings per share of $0.59. Here are the key numbers: Revenue: $23.1 billion, marginally ahead of anal…

Bank of America Will Stop Lending to Companies Making Assault-Style Guns

If the guns are used for non-military purposes.
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