Bank of America

Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
Company Growth (employees)
Charlotte, US
Size (employees)
208,000 (est)
Bank of America was founded in 1904 and is headquartered in Charlotte, US

Key People 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
Anne Finucane

Anne Finucane

Vice Chairman
David Leitch

David Leitch

Global General Counsel
Andrea Smith

Andrea Smith

Global Head of Human Resources
Thong Nguyen

Thong Nguyen

President of Retail Banking & Co-head of Consumer Banking
Sheri Bronstein

Sheri Bronstein

Global Human Resources Executive
Geoffrey Greener

Geoffrey Greener

Chief Risk Officer
Christine Katziff

Christine Katziff

Corporate General Auditor
Terry Laughlin

Terry Laughlin

Vice Chairman
Dean Athanasia

Dean Athanasia

Catherine Bessant

Catherine Bessant

Chief Operations and Technology Officer
Bruce Thompson

Bruce Thompson

Vice Chairman

Bank of America Office Locations

Bank of America has offices in Charlotte, Buenos Aires, Sydney, Nassau and in 259 other locations
Charlotte, US (HQ)
100 N Tryon St
Charlotte, US (HQ)
100 North Tryon Street

Bank of America Data and Metrics

Bank of America Financial Metrics

Bank of America's revenue was reported to be $93.7 b in FY, 2016 which is a 1% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

93.7 b

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

83.7 b

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

17.9 b

EBIT (FY, 2016)

41.1 b

Market capitalization (26-May-2017)

244.4 b

Closing share price (26-May-2017)


Cash (31-Dec-2016)

147.7 b


337.4 b
Bank of America's current market capitalization is $244.4 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


101.7 b95.2 b93.1 b93.7 b

Revenue growth, %


Cost of goods sold

12.8 b10.9 b10.5 b10 b

Gross profit

88.9 b84.2 b82.5 b83.7 b

Gross profit Margin, %


Operating expense total

69.2 b75.1 b57.2 b55 b


42.3 b40 b39.3 b41.1 b

EBIT margin, %


Interest income

39.3 b41.1 b

Pre tax profit

16.2 b6.9 b22.2 b25.2 b

Income tax expense

4.7 b2 b6.3 b7.2 b

Net Income

11.4 b4.8 b15.9 b17.9 b
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


131.3 b138.6 b159.4 b147.7 b


10.5 b10 b9.5 b9.1 b


69.8 b69.8 b69.8 b69 b

Total Assets

2.1 t2.1 t2.1 t2.2 t

Total Debt

295.7 b274.3 b264.9 b240.8 b

Retained Earnings

72.5 b75 b88.6 b101.9 b

Total Equity

256.2 b266.8 b

Debt to Equity Ratio

1 x0.9 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x

Financial Leverage

8.4 x8.2 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

11.4 b4.8 b15.9 b17.9 b

Cash From Operating Activities

92.8 b26.7 b27.7 b18.3 b

Cash From Investing Activities

25.1 b(4.2 b)(55 b)(63.1 b)

Dividends Paid

(1.7 b)(2.3 b)(3.6 b)(4.2 b)

Cash From Financing Activities

(95.4 b)(12.2 b)48.6 b33 b

Interest Paid

12.9 b11.1 b10.6 b10.5 b

Income Taxes Paid

1.6 b2.6 b2.3 b1.6 b
Numbers are in $, USDY, 2016


8.2 x


18.4 x


446 k


0.9 x


0.1 x

Financial Leverage

8.2 x

Bank of America Operating Metrics

Y, 2012Y, 2013Y, 2014Y, 2015

Mobile Banking Users

12 m14.4 m16.5 m18.7 m

    Bank of America Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    Merrill LynchJanuary 01, 2009
    Countrywide Financial CorporationJuly 01, 2008
    MBNAJuly 30, 2005
    National ProcessingJuly 13, 2004

    Bank of America Market Value History

    Bank of America Job Categories

    Bank of America Median Salaries

    Source: 116 public H-1B filings from Bank of America

    Bank of America Online and Social Media Presence

    Bank of America Company Life and Culture

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