Bank of America
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
Chairman of the Board, Chief Executive Officer
Dean Athanasia
President, Preferred and Small Business Co-Head, Consumer
Catherine Bessant
Chief Operations and Technology Officer
Sheri Bronstein
Global Human Resources Executive
Paul Donofrio
CFO
Anne Finucane
Vice Chairman
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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
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Bank of America Financials and Metrics
Bank of America Revenue
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 (Q2, 2018) | 54.4 b |
Gross profit (Q2, 2018) | 45.7 b |
Gross profit margin (Q2, 2018), % | 84% |
Net income (Q2, 2018) | 13.7 b |
EBIT (Q2, 2018) | 23.3 b |
Market capitalization (16-Aug-2018) | 306.8 b |
Closing stock price (16-Aug-2018) | 30.7 |
Cash (30-Jun-2018) | 171.2 b |
EV | 402.8 b |
Bank of America's current market capitalization is $306.8 b.
Annual
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 25.4 b | 24.7 b | 23.8 b | 23.7 b | 24.8 b | 23.2 b | 22 b | 22.9 b | 24 b | 24.9 b | 26 b | 25.3 b | 27.1 b | 54.4 b |
Cost of goods sold | 2.9 b | 2.9 b | 2.6 b | 2.5 b | 2.6 b | 2.5 b | 2.5 b | 2.5 b | 2.4 b | 2.7 b | 3.2 b | 3.5 b | 4 b | 8.7 b |
Gross profit | 22.6 b | 21.7 b | 21.2 b | 21.2 b | 22.1 b | 20.7 b | 19.5 b | 20.4 b | 21.6 b | 22.2 b | 22.8 b | 21.8 b | 23.1 b | 45.7 b |
Gross profit Margin, % | 89% | 88% | 89% | 89% | 89% | 89% | 89% | 89% | 90% | 89% | 88% | 86% | 85% | 84% |
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Cash | 138.6 b | 159.4 b | 147.7 b | 157.4 b |
PP&E | 10 b | 9.5 b | 9.1 b | 9.2 b |
Goodwill | 69.8 b | 69.8 b | 69 b | 69 b |
Total Assets | 2.1 t | 2.1 t | 2.2 t | 2.3 t |
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 152 b | 153 b | 129 b | 163 b | 164 b | 170 b | 180 b | 171 b | 143 b | 168 b | 159 b | 172.4 b | 204.2 b | 171.2 b |
PP&E | 10.4 b | 10.1 b | 10 b | 9.8 b | 9.7 b | 9.6 b | 9.4 b | 9.2 b | 9.1 b | 9.3 b | 8.9 b | 9 b | 9.4 b | 9.5 b |
Goodwill | 69.8 b | 69.8 b | 69.8 b | 69.8 b | 69.8 b | 69.8 b | 69.8 b | 69.7 b | 69.7 b | 69 b | 69 b | 69 b | 69 b | 69 b |
Total Assets | 2.2 t | 2.2 t | 2.1 t | 2.1 t | 2.2 t | 2.2 t | 2.2 t | 2.2 t | 2.2 t | 2.3 t | 2.3 t | 2.3 t | 2.3 t | 2.3 t |
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Net Income | 4.8 b | 15.9 b | 17.9 b | 18.2 b |
Depreciation and Amortization | 2.5 b | 2.4 b | 2.2 b | 2.1 b |
Cash From Operating Activities | 26.7 b | 27.7 b | 18.3 b | 10.4 b |
Cash From Investing Activities | (4.2 b) | (55 b) | (63.1 b) | (52 b) |
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (276 m) | 2 b | 1.8 b | 3.4 b | 8.7 b | 13.2 b | 2.7 b | 6.9 b | 13.2 b | 4.9 b | 10.1 b | 15.7 b | 6.9 b | 13.7 b |
Depreciation and Amortization | 629 m | 1.3 b | 1.9 b | 608 m | 1.2 b | 1.8 b | 566 m | 1.5 b | 1.7 b | 534 m | 1.1 b | 1.9 b | ||
Cash From Operating Activities | 22.7 b | 27.5 b | 27.1 b | (4.7 b) | (12.6 b) | 22.3 b | 10.8 b | 26.1 b | 26.7 b | (12.8 b) | (3 b) | 17.5 b | 40.4 b | 33.8 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) | (20.9 b) |
| USD | Y, 2018 |
|---|---|
EV/EBIT | 17.3 x |
EV/CFO | 11.9 x |
Financial Leverage | 8.7 x |
Bank of America Operating Metrics
Bank of America's Total Loans was reported to be $934.1b in Q1, 2018.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | ||||
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 |
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 |
Countries | 35 | 35 | 35 |
Bank of America Acquisitions / Subsidiaries
| Acquired Company | Date | Deal 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 |
Bank of America Revenue Breakdown
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
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Bank of America Online and Social Media Presence
501.99k Twitter followers
Bank of America has 501.99k Twitter Followers. The number of followers has decreased 0.8% month over month and decreased 0.9% quarter over quarter
2.86m Facebook likes
Bank of America has 2.86m Facebook Likes. The number of likes has increased 0.3% month over month and increased 0.2% quarter over quarter
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Bank of America News and Updates
August 17, 2018
Louisiana Bans Bank of America, Citi from Bond Sale Over Gun Policies
BofA, Citi Banned From Louisiana Bond Sale Due to Gun Policies
August 09, 2018
Bank of America asked 65 investors their biggest fear — and the top response shows just how vulnerable markets are right now
Bank of America Merrill Lynch surveyed 65 credit investors about their biggest market fear, and the most popular response is something that hasn't been a top concern in years.
It feeds into a broader global story about liquidity drying up, and how that makes markets more vulnerable to sharp downtu…
August 07, 2018
The Tell: Stocks are becoming a bigger driver for the dollar: Bank of America
The U.S. dollar could come out on top in 2018 versus its G10 rivals, given equity and rates rankings by Bank of America Merrill Lynch, pointing to more dollar-bullishness to come.
August 07, 2018
Bank of America Merrill Lynch is building cross-country employee bonds
GetActive is essentially a step-counting challenge that aims to inculcate a more active lifestyle
August 02, 2018
Market Extra: Trump’s trade policies have ‘upended’ the ‘global economic order,’ Bank of America writes
Escalating tensions between the U.S. and its major trading partners have been a major headwind to the U.S. stock market throughout 2018, but the issue could be far more significant than the number of tariffs that are instituted, or the impact such policies could have on corporate profits and economi…
July 30, 2018
Bank of America Freezes Family’s Accounts After Demanding Proof of Citizenship
The husband was born in Wichita.
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Bank of America Company Life and Culture
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