Bank of America
Bank of America was founded in 1904 and is headquartered in Charlotte, US
Report incorrect company information
Key People/Management at Bank of America
Brian Moynihan
Chairman of the Board, Chief Executive Officer
Paul Donofrio
Chief Financial Officer
Thomas Montag
Chief Operating Officer
Sheri Bronstein
Global Human Resources Executive
Anne Finucane
Vice Chairman
Geoffrey Greener
Chief Risk Officer
Report incorrect company information
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
Charlotte, US (HQ)
100 North Tryon Street
Report incorrect company information
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 (20-Apr-2018) | 326.2 b |
Cash (30-Sep-2017) | 172.4 b |
EV | 415.1 b |
Bank of America's current market capitalization is $326.2 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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 |
Gross profit Margin, % | 89% | 88% | 89% | 89% | 89% | 89% | 89% | 89% | 90% | 89% | 88% | 86% |
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Cash | 138.6 b | 159.4 b | 147.7 b |
PP&E | 10 b | 9.5 b | 9.1 b |
Goodwill | 69.8 b | 69.8 b | 69 b |
Total Assets | 2.1 t | 2.1 t | 2.2 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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 |
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 |
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Net Income | 4.8 b | 15.9 b | 17.9 b |
Depreciation and Amortization | 2.5 b | 2.4 b | 2.2 b |
Cash From Operating Activities | 26.7 b | 27.7 b | 18.3 b |
Cash From Investing Activities | (4.2 b) | (55 b) | (63.1 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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) |
| USD | Y, 2017 |
|---|---|
EV/CFO | 23.8 x |
Revenue/Employee | 120.6 k |
Debt/Equity | 1 x |
Debt/Assets | 0.1 x |
Financial Leverage | 8.4 x |
Bank of America Operating Metrics
Bank of America's Total Loans was reported to be $918.1b in Q3, 2017.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mobile Banking Users | 14.40 m | 16.54 m | 18.71 m | 21.65 m | 24.24 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 | |
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 | |
Countries | 35 | 35 | 35 |
Bank of America Acquisitions / Subsidiaries
| Acquired Company | Date | Deal 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 |
Report incorrect company information
Bank of America News and Updates
April 18, 2018
An overlooked corner of the market has been quietly crushing it — and Bank of America has 2 trades to capitalize on more strength
An overlooked area of the market has been outperforming, sporting the only positive information ratio out of all major asset classes since the start of 2018.
Bank of America Merrill Lynch sees the group continuing to outperform, and offers two trade recommendations investors can use to capitalize.…
April 16, 2018
Bank of America reports record first-quarter profits of $6.9bn
Bank of America today reported record earnings which beat analyst expectations thanks to higher interest rates and the boost from tax cuts. The figures Pre-tax income rose by 15 per cent year-on-year to $8.4bn (£5.8bn), with net income rising 30 per cent to a record $6.9bn, the bank said. E…
April 16, 2018
Bank of America is gaining ground after earnings (BAC)
Bank of America is climbing after an earnings topped expectations.
The US's third-largest bank by assets said it paid an effective tax rate of 9%.
Deposits rose 3%, hitting a record $1.3 trillion in the bank's consumer banking division.
Follow Bank of America's stock price in real-time here.
Sh…
April 16, 2018
Bank of America beats, delivers a record quarter (BAC)
Bank of America Merrill Lynch just announced first-quarter earnings results, beating analyst estimates with earnings per share of $0.62. Analysts had been expecting the bank to report adjusted earnings per share of $0.59.
Here are the key numbers:
Revenue: $23.1 billion, marginally ahead of anal…
April 11, 2018
Bank of America Will Stop Lending to Companies Making Assault-Style Guns
If the guns are used for non-military purposes.
Report incorrect company information