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)
210,000 (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
David Leitch

David Leitch

Global General Counsel
Bruce Thompson

Bruce Thompson

Vice Chairman
Terry Laughlin

Terry Laughlin

Vice Chairman, Head of Global Wealth and Investment Management
Christine Katziff

Christine Katziff

Corporate General Auditor
Andrea Smith

Andrea Smith

Chief Administrative Officer
Thong Nguyen

Thong Nguyen

President of Retail Banking and Co-head of Consumer Banking
Dean Athanasia

Dean Athanasia

President, Preferred and Small Business Co-head, Consumer Banking
Catherine Bessant

Catherine Bessant

Chief Operations and Technology Officer

Bank of America Office Locations

Bank of America has an office in Shelton, Charleston, Gaithersburg, Oxnard and in 280 other locations
Charlotte, US (HQ)
100 N Tryon St
Charlotte, US (HQ)
100 North Tryon Street
Show all (285)
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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 (5-Feb-2018)

342.9 b

Cash (4-Feb-2018)

172.4 b

EV

431.9 b
Bank of America's current market capitalization is $342.9 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

24.7 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
BAC Canada Finance Company
BofA Finance LLC
DSP Merrill Lynch Limited
ML UK Capital Holdings Limited
Mortgages 1 Limited
NB Holdings Corporation
One Bryant Park LLC
BAC North America Holding Company
Boston Overseas Financial Corporation
BA Electronic Data Processing (Guangzhou) Ltd.
Bank of America Merrill Lynch
Plano Partners
BA Continuum Costa Rica
Banc of America FSC Holdings
FIA Holdings S.a.r.l.
ML Equity Solutions Jersey Limited
Mortgages plc
OOO Merrill Lynch Securities
BA Continuum Singapore International Holdings Private Limited
Merrill Lynch January 01, 2009
Countrywide Financial Corporation July 01, 2008
MBNA July 30, 2005
National Processing July 13, 2004
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