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.

Employee Rating

3.6More
TypePublic
HQCharlotte, US
Founded1904
Size (employees)209,000 (est)
Websitebankofamerica.com
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 Charlotte, San Francisco, New York, Miami and in 53 other locations
Charlotte, US (HQ)
100 N Tryon St
Chicago, US
135 S LaSalle St
Miami, US
701 Brickell Avenue
New York, US
One Bryant Park
San Francisco, US
315 Montgomery St
Retiro, AR
Paseo Carlos Della Paolera 265, piso 11
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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 (Q3, 2018)

27.9b

Gross profit (Q3, 2018)

22.8b

Gross profit margin (Q3, 2018), %

81.7%

Net income (Q3, 2018)

7.2b

Market capitalization (17-Jan-2019)

284.5b

Closing stock price (17-Jan-2019)

29.0

Cash (30-Sep-2018)

184.9b

EV

362.8b
Bank of America's current market capitalization is $284.5 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

93.1b93.7b100.3b

Revenue growth, %

(2%)1%7%

Cost of goods sold

10.5b10.0b12.9b

Gross profit

82.5b83.7b87.4b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

22.0b22.9b24.0b24.9b26.0b25.3b27.1b27.3b27.9b

Cost of goods sold

2.5b2.5b2.4b2.7b3.2b3.5b4.0b4.7b5.1b

Gross profit

19.5b20.4b21.6b22.2b22.8b21.8b23.1b22.6b22.8b

Gross profit Margin, %

89%89%90%89%88%86%85%83%82%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

159.4b147.7b157.4b

Accounts Receivable

890.8b895.4b926.4b

PP&E

9.5b9.1b9.2b

Goodwill

69.8b69.0b69.0b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

179.6b171.2b143.4b168.0b158.7b172.4b204.2b171.2b184.9b

Accounts Receivable

889.0b891.3b893.3b895.1b905.8b916.4b923.8b925.8b920.1b

PP&E

9.4b9.2b9.1b9.3b8.9b9.0b9.4b9.5b9.7b

Goodwill

69.8b69.7b69.7b69.0b69.0b69.0b69.0b69.0b69.0b
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

15.9b17.9b18.2b

Depreciation and Amortization

2.4b2.2b2.1b

Cash From Operating Activities

27.7b18.3b10.4b

Cash From Investing Activities

(55.0b)(63.1b)(52.0b)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

2.7b6.9b13.2b4.9b10.1b15.7b6.9b13.7b20.9b

Depreciation and Amortization

566.0m1.5b1.7b534.0m1.1b1.9b646.0m1.0b1.5b

Cash From Operating Activities

10.8b26.1b26.7b(12.8b)(3.0b)17.5b40.4b33.8b53.4b

Cash From Investing Activities

(21.4b)(30.5b)(63.0b)(14.0b)(24.2b)(40.0b)(22.8b)(20.9b)(47.2b)
USDY, 2018

EV/CFO

6.8 x

Debt/Equity

1 x

Debt/Assets

0.1 x

Financial Leverage

8.9 x
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Bank of America Operating Metrics

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Bank of America Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Merrill LynchJanuary 01, 2009
Countrywide Financial CorporationJuly 01, 2008
Catahoula-LaSalle BankOctober 01, 2007
U.S. Trust Company of DelawareOctober 01, 2007
HealthLogic SystemsSeptember 11, 2006
MBNAJuly 30, 2005
National ProcessingJuly 13, 2004
BAC Canada Finance Company
BAC North America Holding Company
BA Continuum Costa Rica
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Bank of America Revenue Breakdown

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

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Bank of America Online and Social Media Presence

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Bank of America News and Updates

Catalyst Announces 2019 Award Winners: Bank of America, Deutsche Post DHL Group, Eli Lilly and Company, and Schneider Electric Honored for Accelerating Progress for Women in the Workplace

NEW YORK, Jan. 17, 2019 /PRNewswire/ -- Catalyst announced today that Bank of America, Deutsche Post DHL Group, Eli Lilly and Company, and Schneider Electric will receive the prestigious 2019 Catalyst Award for their bold and forward-thinking initiatives that help create safe and...

Cramer calls Bank of America the 'Amazon' of financial stocks

"You know what they are? They're 'Amazon' but they make money," CNBC's Jim Cramer says after Bank of America's strong quarterly earnings.

Option-trading opportunities on Advanced Micro Devices, Bank of America, The Goldman Sachs Group, New Age Beverages Co, and Snap Inc.

NEW YORK, Jan. 16, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, BAC, GS, NBEV, and SNAP. Click a link below to see an in-depth options trade idea report. Options Report – Ideal trade ideas on up to seven different options trading strategies. The report ...

Bank of America cut its workforce last year, but personnel costs per employee rose

Bank of America Corp. trimmed its workforce by 2.3% to 204,489, as of Dec. 31, after remaining relatively unchanged at around 209,000 the past two years. At the same time, personnel expense slipped just 1.6% to $31.88 billion, which lifts the personnel expense per employee by 2.2% to $155,901 from …

Bank of America shares rise more than 3% after posting record earnings

Bank of America reported on Wednesday better-than-expected profit and revenue for the fourth quarter. The results sent the bank's shares up more than 3 percent in the premarket.

Bank of America asked a group of investors overseeing $645 billion how companies should be spending their money — and the responses show just how scared they are of a credit meltdown

Investors are demanding changes to how companies spend their money amid concerns about excessive corporate debt.  Two telling responses in Bank of America Merrill Lynch's monthly survey of fund managers help to quantify their concern. A recession is not the only prospect that bothers Wall Street …
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Bank of America Company Life and Culture

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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 Brian Moynihan, Dean Athanasia and Catherine Bessant.

  • How many employees does Bank of America have?

    Bank of America has 209,000 employees.

  • What is Bank of America revenue?

    Latest Bank of America annual revenue is $100.3 b.

  • What is Bank of America revenue per employee?

    Latest Bank of America revenue per employee is $479.7 k.

  • Who are Bank of America competitors?

    Competitors of Bank of America include Rabobank, Ally Financial and Banco Santander.

  • 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, San Francisco, New York, Miami and in 53 other locations.

  • How many offices does Bank of America have?

    Bank of America has 58 offices.