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. The Company's Consumer Banking segment offers diverse accounts, lending and mortgages, credit and debit cards, and other products. Its Global Wealth and Investment Management 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 Company's Global Markets segment provides 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 | 1904 | |
| HQ | Charlotte, US | Map |
| Website | bankofamerica.com | |
| Employee Ratings | More |
Recent NewsAll News
- Bank of America says these are the 3 triggers that should prompt investors to sell stocks immediately
- Option-trading opportunities on Advanced Micro Devices, Bank of America Corp., DowDuPont Inc., Google Inc., and Tencent Music Group
- How J.P.Morgan Plans To Beat Bank Of America In Low Income Areas
- Boeing's fix for 737 Max may take three to six months, Bank of America predicts
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
Report incorrect company information
Bank of America Office Locations
Bank of America has offices in Charlotte, Miami, San Francisco, Chicago and in 56 other locations
Charlotte, US (HQ)
100 N Tryon St
Chicago, US
135 S LaSalle St
Miami, US
701 Brickell Avenue
New York, US
Bank of America Tower
New York, US
Bank of America Tower
San Francisco, US
315 Montgomery St, San Francisco
Report incorrect company information
Bank of America Financials and Metrics
Bank of America Revenue
Bank of America's revenue was reported to be $110.58 b in FY, 2018
| USD | |
|---|---|
Revenue (FY, 2018) | 110.6b |
Gross profit (FY, 2018) | 91.2b |
Gross profit margin (FY, 2018), % | 82.5% |
Net income (FY, 2018) | 28.1b |
EBIT (FY, 2018) | 47.4b |
Market capitalization (18-Mar-2019) | 287.4b |
Closing stock price (18-Mar-2019) | 29.8 |
Cash (31-Dec-2018) | 177.4b |
EV | 359.6b |
Bank of America's current market capitalization is $287.4 b.
Annual
Annual
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
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/EBIT | 7.6 x |
EV/CFO | 9.1 x |
Revenue/Employee | 542.1k |
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
Report incorrect company information
Bank of America Online and Social Media Presence
518.99k Twitter followers
Bank of America has 518.99k Twitter Followers. The number of followers has increased 0.2% month over month and increased 1.1% quarter over quarter
Report incorrect company information
Twitter Engagement Stats for @BankofAmerica
8.8k
Tweets
658
Following
519k
Followers
50
Tweets last 30 days
13.9
Avg. likes per Tweet
100%
Tweets with engagement
Bank of America News and Updates
March 20, 2019
Bank of America says these are the 3 triggers that should prompt investors to sell stocks immediately
A burst of inflows into equity exchange-traded funds last week was a sign that the lengthy bull market remains resilient, according to Bank of America Merrill Lynch.
Although the flows were bullish, they were far from indicating the extreme sentiment that would signal it's time to ditch the crowd…
March 20, 2019
Option-trading opportunities on Advanced Micro Devices, Bank of America Corp., DowDuPont Inc., Google Inc., and Tencent Music Group
NEW YORK, March 20, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, BAC, DWDP, GOOG, and TME. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...
March 19, 2019
How J.P.Morgan Plans To Beat Bank Of America In Low Income Areas
J.P.Morgan plans to enter into nine new U.S. markets and 30% of the branches will be in low to moderate income areas. Even though we live in a digital financial society, just how valuable are physical bank branches when it comes to closing the wealth gap?
March 14, 2019
Boeing's fix for 737 Max may take three to six months, Bank of America predicts
Boeing said a software change is in the works and Bank of America estimated it would take Boeing three to six months to "certify the fix."
March 13, 2019
JP Morgan escalates deposit wars with expansion into the heart of Bank of America country
As J.P. Morgan seeks to cover most of the U.S. population with branches by 2022, it is heightening a rivalry with the country's biggest banks. Banks of all sizes are competing for deposits to fuel growth.
March 11, 2019
Former Bank of America Managing Director Howard Needle Joins TransparentBusiness as Chief Financial Officer
NEW YORK, March 11, 2019 /PRNewswire/ -- TransparentBusiness, a technology company bringing transparency and accountability to contracting and remote workforce management, announced that Howard Needle has been promoted to the position of its Chief Financial Officer. Needle is a seasoned...
Report incorrect company information
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 204,000 employees.
What is Bank of America revenue?
Latest Bank of America annual revenue is $110.6 b.
What is Bank of America revenue per employee?
Latest Bank of America revenue per employee is $542.1 k.
Who are Bank of America competitors?
Competitors of Bank of America include State Bank of India, Rabobank and Ally Financial.
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, Miami, San Francisco, Chicago and in 56 other locations.
How many offices does Bank of America have?
Bank of America has 93 offices.