Bank of America
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 | B | More |
Recent NewsAll News
- Stocks Soar, Dow Jumps 200 As Goldman Sachs, Bank Of America Beat Earnings Expectations
- Stocks making the biggest moves in the premarket: Goldman Sachs, Bank of America, GE & more
- Bank of America tops estimates on earnings as revenue lags view
- Bank of America sets $2.9 billion stock buyback program through March, to pay regular dividend
Key People/Management at Bank of America
Brian Moynihan
Raul Anaya
Catherine P. Bessant
Dean Athanasia
Sheri B. Bronstein
Paul M. Donofrio
Bank of America Office Locations
Bank of America Financials and Metrics
Bank of America Revenue
| USD | |
|---|---|
Revenue (Q2, 2020) | 22.3b |
Net income (Q2, 2020) | 3.5b |
Market capitalization (15-Jan-2021) | 285.6b |
Closing stock price (15-Jan-2021) | 33.0 |
Cash (30-Sept-2020) | 301.0b |
EV | 275.3b |
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 24.9b | 26.0b | 25.3b | 27.1b | 27.3b | 27.9b | 28.8b | 29.1b | 28.5b | 22.8b | 22.3b |
Cost of goods sold | 2.7b | 3.2b | 3.5b | 4.0b | 4.7b | 5.1b | 5.8b | 6.0b | 5.7b | ||
Gross profit | 22.2b | 22.8b | 21.8b | 23.1b | 22.6b | 22.8b | 23.0b | 23.1b | 22.8b | ||
Gross profit Margin, % | 89% | 88% | 86% | 85% | 83% | 82% | 80% | 79% | 80% |
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 168.0b | 158.7b | 172.4b | 204.2b | 171.2b | 184.9b | 171.6b | 171.4b | 157.1b | 250.4b | 289.3b | 301.0b |
Accounts Receivable | 895.1b | 905.8b | 916.4b | 923.8b | 925.8b | 920.1b | 936.0b | 954.3b | 963.5b | 69.2b | 55.4b | 61.7b |
PP&E | 9.3b | 8.9b | 9.0b | 9.4b | 9.5b | 9.7b | 10.3b | 10.4b | 10.5b | 10.8b | 10.8b | 10.9b |
Goodwill | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b |
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 4.9b | 10.1b | 15.7b | 6.9b | 13.7b | 20.9b | 7.3b | 14.7b | 20.4b | 4.0b | 7.5b | 12.4b |
Depreciation and Amortization | 534.0m | 1.1b | 1.9b | 646.0m | 1.0b | 1.5b | 26.0m | 55.0m | 1.3b | 432.0m | 880.0m | 1.4b |
Cash From Operating Activities | (12.8b) | (3.0b) | 17.5b | 40.4b | 33.8b | 53.4b | 15.1b | 8.4b | 2.7b | 19.0b | 16.0b | (16.6b) |
Cash From Investing Activities | (14.0b) | (24.2b) | (40.0b) | (22.8b) | (20.9b) | (47.2b) | (4.8b) | (7.2b) | (37.4b) | (90.4b) | (178.8b) | (123.8b) |
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 445.5k |
Debt/Equity | 0.9 x |
Debt/Assets | 0.1 x |
Financial Leverage | 8.2 x |
Bank of America Operating Metrics
| FY, 2012 | FY, 2013 | FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mobile Banking Users | 14.40 m | 16.54 m | 18.71 m | 19.60 m | 20.23 m | 21.31 m | 21.65 m | 22.22 m | 22.90 m | 23.57 m | 24.24 m | 24.80 m | 25.34 m | 25.99 m | 26.43 k | 25 m | 27.82 m | 25.99 m | ||||
Total Loans | $898.77 b | $918.64 b | $898.70 b | $867.17 b | $876.18 b | $877.43 b | $876.79 b | $892.98 b | $899.67 b | $900.59 b | $900.43 b | $914.14 b | $914.72 b | $918.13 b | $936.75 b | $934.08 b | $935.82 b | $929.80 b | $946.90 b | $931.92 b | $934.82 b | $929.80 b |
Non-performing Loans | $23.56 b | $17.77 b | $12.63 b | $12.10 b | $11.57 b | $10.34 b | $9.84 b | $9.28 b | $8.80 b | $8.74 b | $8.08 b | $7.64 b | $7.13 b | $6.87 b | $6.76 b | $6.69 b | $6.18 b | $5.45 b | $5.24 b | $6.69 b | $6.18 b | $5.45 b |
Countries | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
Bank of America Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Merrill Lynch | January 01, 2009 | |
| Countrywide Financial Corporation | July 01, 2008 | |
| Catahoula-LaSalle Bank | October 01, 2007 | |
| U.S. Trust Company of Delaware | October 01, 2007 | |
| HealthLogic Systems | September 11, 2006 | |
| MBNA | July 30, 2005 | |
| National Processing | July 13, 2004 | |
| BAC Canada Finance Company | ||
| BAC North America Holding Company | ||
| BA Continuum Costa Rica |
Bank of America Revenue Breakdown
Bank of America revenue breakdown by business segment: 17.4% from Global Markets, 21.2% from Global Banking, 20.9% from Global Wealth & Investment Management and 40.5% from Consumer Banking
Bank of America Cybersecurity Score
Bank of America Environment, Social & Governance (ESG) Ratings
Bank of America Online and Social Media Presence
557.45k Twitter followers
Bank of America has 557.45k Twitter Followers. The number of followers has decreased 0.2% month over month and increased 0.2% quarter over quarter
Bank of America's Trends
Twitter Engagement Stats for @BankofAmerica
10.1k
Tweets
678
Following
557.5k
Followers
97
Tweets last 30 days
14.9
Avg. likes per Tweet
81.4%
Tweets with engagement
Bank of America Company Culture
Overall Culture
B
69/100
CEO Rating
A-
74/100
Compensation
B
70/100
Diversity
C+
67/100
Bank of America News and Updates
Stocks Soar, Dow Jumps 200 As Goldman Sachs, Bank Of America Beat Earnings Expectations
Stocks making the biggest moves in the premarket: Goldman Sachs, Bank of America, GE & more
Bank of America tops estimates on earnings as revenue lags view
Bank of America sets $2.9 billion stock buyback program through March, to pay regular dividend
Bank of America posts quarterly profit that exceeds analysts’ expectations but revenue falls short
Bitcoin Becomes Most-Crowded Trade After Passing ‘Long Tech’: Bank of America Survey
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 Anaya and Catherine P. Bessant.
How many employees does Bank of America have?
Bank of America has 208,000 employees.
What is Bank of America revenue?
Latest Bank of America annual revenue is $91.2 b.
What is Bank of America revenue per employee?
Latest Bank of America revenue per employee is $438.7 k.
Who are Bank of America competitors?
Competitors of Bank of America include Huntington Bancshares, BNP Paribas and Visa.
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 50 other locations.
How many offices does Bank of America have?
Bank of America has 58 offices.
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