Bank of America

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. The Corporation operates through following divisions: Consumer Banking; the Global Banking; the Global Wealth and Investment Management; the Global Markets division.
Company Growth (employees)
Type
Public
HQ
Charlotte, US
Founded
1904
Size (employees)
210,000 (est)
Bank of America was founded in 1904 and is headquartered in Charlotte, US

Key People/Management 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

President
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 280 other locations
Charlotte, US (HQ)
100 N Tryon St
Charlotte, US (HQ)
100 North Tryon Street
Show all (285)

Bank of America Financials and Metrics

Bank of America Financials

Bank of America's revenue was reported to be $93.7 b in FY, 2016
USD

Revenue (Q2, 2017)

26 b

Gross profit (Q2, 2017)

22.8 b

Gross profit margin (Q2, 2017), %

88%

Net income (Q2, 2017)

5.3 b

EBIT (Q2, 2017)

11 b

Market capitalization (13-Nov-2017)

283.2 b

Cash (30-Jun-2017)

159 b

EV

384.6 b
Bank of America's current market capitalization is $283.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

101.7 b95.2 b93.1 b93.7 b

Revenue growth, %

(6%)(2%)1%

Cost of goods sold

12.8 b10.9 b10.5 b10 b

Gross profit

88.9 b84.2 b82.5 b83.7 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

24.6 b25.4 b24.7 b23.8 b23.7 b24.8 b23.2 b22 b22.9 b24 b24.9 b26 b

Cost of goods sold

3.1 b2.9 b2.9 b2.6 b2.5 b2.6 b2.5 b2.5 b2.5 b2.4 b2.7 b3.2 b

Gross profit

21.5 b22.6 b21.7 b21.2 b21.2 b22.1 b20.7 b19.5 b20.4 b21.6 b22.2 b22.8 b

Gross profit Margin, %

87%89%88%89%89%89%89%89%89%90%89%88%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

131.3 b138.6 b159.4 b147.7 b

PP&E

10.5 b10 b9.5 b9.1 b

Goodwill

69.8 b69.8 b69.8 b69 b

Total Assets

2.1 t2.1 t2.1 t2.2 t
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

121 b152 b153 b129 b163 b164 b170 b180 b171 b143 b168 b159 b

PP&E

10.7 b10.4 b10.1 b10 b9.8 b9.7 b9.6 b9.4 b9.2 b9.1 b9.3 b8.9 b

Goodwill

69.9 b69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.8 b69.7 b69.7 b69 b69 b

Total Assets

2.1 t2.2 t2.2 t2.1 t2.1 t2.2 t2.2 t2.2 t2.2 t2.2 t2.3 t2.3 t
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

11.4 b4.8 b15.9 b17.9 b

Depreciation and Amortization

730 m

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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

8 b(276 m)2 b1.8 b3.4 b8.7 b13.2 b2.7 b6.9 b13.2 b4.9 b10.1 b

Depreciation and Amortization

235 m234 m213 m212 m207 m187 m186 m181 m162 m

Cash From Operating Activities

80.8 b22.7 b27.5 b27.1 b(4.7 b)(12.6 b)22.3 b10.8 b26.1 b26.7 b(12.8 b)(3 b)

Cash From Investing Activities

7.3 b(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)
USDY, 2017

EV/EBIT

35 x

EV/CFO

-127.4 x

Revenue/Employee

124.3 k

Financial Leverage

8.3 x
Show all financial metrics

Bank of America Operating Metrics

Bank of America's Total Loans Issued was reported to be $914.7 b in Q2, 2017
Show all operating metrics

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 Revenue Breakdown

Bank of America Median Salaries

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

Bank of America's Web-traffic and Trends

Bank of America Online and Social Media Presence

Bank of America News and Updates

Private Equity Jobs of the Week: Blackstone, Bank of America, Cambridge Associates are hiring

This week's opportunities include associate positions with Blackstone and Cambridge Associates, as well as analyst jobs with Key Bank and Bank of America.

Part 2: The fallout of the Bank of America vs. City of Miami decision

[Expert commentary] On May 1, 2017, the United States Supreme Court issued a decision that will likely have a profound impact on the residential mortgage industry. After the court’s decision in Bank of America vs. City of Miami, municipalities now have the standing to bring a legal action against re…

Part 1: The fallout of the Bank of America vs. City of Miami decision

[Expert commentary] On May 1, 2017, the United States Supreme Court issued a decision that will likely have a profound impact on the residential mortgage industry. After the court’s decision in Bank of America vs. City of Miami, municipalities now have the standing to bring a legal action against re…

Bank of America Merrill Lynch appoints new co-head of investment bank

Bank of America Merrill Lynch has promoted Jim O’Neil to co-head of its EMEA corporate and investment banking division, the firm told its employees today. O’Neil will partner Bob Elfring in leading the Europe, Middle East and Africa section of the bank, which is based in London, in a move which t…

Bank of America reports drop in mortgage banking income

Bank of American reported a boost in earnings in the second quarter of 2017. As expected, however, a drop in mortgage banking income created a drag, and even pulled down noninterest income in the consumer banking sector.

What to expect from Bank of America Q2 earnings report

Bank of America is expected to report a drop in mortgage lending income in the second quarter. Recently, the Mortgage Bankers Association updated its forecast as its prediction for mortgage originations dwindled. Check back first thing Tuesday to see the bank's earnings for the second quarter.
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Bank of America Company Life and Culture

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