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
Report incorrect company information

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
Show more

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
Show all (284)
Report incorrect company information

Bank of America Financials and Metrics

Bank of America Financials

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 (Q1, 2018)

27.1 b

Gross profit (Q1, 2018)

23.1 b

Gross profit margin (Q1, 2018), %

85.3%

Net income (Q1, 2018)

6.9 b

Market capitalization (22-Jun-2018)

293.9 b

Closing share price (22-Jun-2018)

29

Cash (31-Mar-2018)

204.2 b

EV

360 b
Bank of America's current market capitalization is $293.9 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, 2018

Cash

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

Goodwill

69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.7 b69.7 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 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, 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 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 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)
USDY, 2018

EV/CFO

8.9 x

Debt/Equity

1 x

Debt/Assets

0.1 x

Financial Leverage

8.7 x
Show all financial metrics

Bank of America Operating Metrics

Bank of America's Total Loans was reported to be $934.1b in Q1, 2018.
Show all operating metrics

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
Show more

Bank of America Revenue Breakdown

Embed Graph

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

Report incorrect company information

Bank of America Online and Social Media Presence

Embed Graph
Report incorrect company information

Bank of America News and Updates

Bank of America Executive: Why ‘Failing Fast, Often’ Doesn’t Always Apply

“We’re in the business of other people’s money,” said Cathy Bessant, COO & CTO of Bank of America. It’s for this reason that the company pursues incremental, well-executed innovation rather than the “fail fast, often” model employed by much of Silicon …

Bank of America picks ex Macron adviser Mourad to run investment banking for France - sources

LONDON/PARIS, June 15 (Reuters) - Bank of America has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters.

U.S. SEC charges Bank of America subsidiary $15mln for RMBS trader lapses

WASHINGTON, June 12 (Reuters) - The Securities and Exchange Commission on Tuesday said Bank of America subsidiary Merrill Lynch, Pierce, Fenner & Smith Inc. will pay $15 million to settle charges that staff misled clients into overpaying for Residential Mortgage Backed Securities (RMBS).

Bank of America executive sees consumer unit's efficiency ratio flat to down

(Reuters) - Bank of America Corp's co-head of consumer and business banking said on Tuesday he expects the consumer banking unit's efficiency ratio to remain flat or improve further as it cuts more costs tied to moving physical checks and cash.

Bank of America exec sees consumer unit's efficiency ratio flat to down

June 12 (Reuters) - Bank of America Corp's co-head of consumer and business banking said on Tuesday he expects the consumer banking unit's efficiency ratio to remain flat or improve further as it cuts more costs tied to moving physical checks and cash.

Bank of America raises planned Paris job moves before Brexit: sources

LONDON (Reuters) - Bank of America is looking to move more jobs than originally envisaged to its new Paris office, in what is expected to be one of the biggest such shifts from London ahead of Brexit, two sources familiar with the matter said.
Show more
Report incorrect company information