Bank of America
| Type | Public |
| HQ | Charlotte, US |
| Founded | 1904 |
| Size (employees) | 209,000 (est) |
| Website | bankofamerica.com |
Bank of America was founded in 1904 and is headquartered in Charlotte, US
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Viewing summary data as a guest
Sign up for free to see all dataKey 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 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
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
Annual
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Cash | 159.4b | 147.7b | 157.4b |
Accounts Receivable | 890.8b | 895.4b | 926.4b |
PP&E | 9.5b | 9.1b | 9.2b |
Goodwill | 69.8b | 69.0b | 69.0b |
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 179.6b | 171.2b | 143.4b | 168.0b | 158.7b | 172.4b | 204.2b | 171.2b | 184.9b |
Accounts Receivable | 889.0b | 891.3b | 893.3b | 895.1b | 905.8b | 916.4b | 923.8b | 925.8b | 920.1b |
PP&E | 9.4b | 9.2b | 9.1b | 9.3b | 8.9b | 9.0b | 9.4b | 9.5b | 9.7b |
Goodwill | 69.8b | 69.7b | 69.7b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b | 69.0b |
Annual
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Net Income | 15.9b | 17.9b | 18.2b |
Depreciation and Amortization | 2.4b | 2.2b | 2.1b |
Cash From Operating Activities | 27.7b | 18.3b | 10.4b |
Cash From Investing Activities | (55.0b) | (63.1b) | (52.0b) |
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 2.7b | 6.9b | 13.2b | 4.9b | 10.1b | 15.7b | 6.9b | 13.7b | 20.9b |
Depreciation and Amortization | 566.0m | 1.5b | 1.7b | 534.0m | 1.1b | 1.9b | 646.0m | 1.0b | 1.5b |
Cash From Operating Activities | 10.8b | 26.1b | 26.7b | (12.8b) | (3.0b) | 17.5b | 40.4b | 33.8b | 53.4b |
Cash From Investing Activities | (21.4b) | (30.5b) | (63.0b) | (14.0b) | (24.2b) | (40.0b) | (22.8b) | (20.9b) | (47.2b) |
| USD | Y, 2018 |
|---|---|
EV/CFO | 6.8 x |
Debt/Equity | 1 x |
Debt/Assets | 0.1 x |
Financial Leverage | 8.9 x |
Bank of America Operating Metrics
Bank of America's Total Loans was reported to be $929.8b in Q3, 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 | Q2, 2018 | Q3, 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 | 25.34 k | 25.99 k | ||||
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 |
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 |
Countries | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
Bank of America Acquisitions / Subsidiaries
| Acquired Company | 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: 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
516.69k Twitter followers
Bank of America has 516.69k Twitter Followers. The number of followers has increased 0.3% month over month and increased 0.7% quarter over quarter
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Bank of America News and Updates
January 17, 2019
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...
January 16, 2019
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.
January 16, 2019
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 ...
January 16, 2019
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 …
January 16, 2019
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.
January 15, 2019
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.