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: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers diverse accounts, lending and mortgages, credit and debit cards, and other products. The GWIM 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 Global Markets segment delivers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products.

TypePublic
Founded1998
HQCharlotte, NC, US
Websitebankofamerica.com
Employee Ratings4
Overall CultureA+

Locations

Bank of America is headquartered in
Charlotte, United States

Location Map

Latest Updates

Employees (est.) (Dec 2019)208,000
Job Openings3,305
Revenue (FY, 2020)$85.5 B(-6%)
Share Price (Apr 2021)$39.4
Cybersecurity ratingBMore

Key People/Management at Bank of America

Brian Moynihan

Brian Moynihan

Chairman of the Board, Chief Executive Officer
Raul A. Anaya

Raul A. Anaya

President, Business Banking
Amanda Schlang

Amanda Schlang

Director , Global Markets
Catherine P. Bessant

Catherine P. Bessant

Chief Operations and Technology Officer
Dean Athanasia

Dean Athanasia

President, Consumer and Small Business
Sheri B. Bronstein

Sheri B. Bronstein

Chief Human Resources Officer
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Bank of America Office Locations

Bank of America has offices in Charlotte, Chicago, Miami, New York and in 50 other locations
Charlotte, NC, US (HQ)
100 N Tryon St
Chicago, IL, US
135 S LaSalle St
Miami, FL, US
701 Brickell Avenue
New York, NY, US
Bank of America Tower
San Francisco, CA, US
315 Montgomery St, San Francisco
Buenos Aires, AR
piso 11CP, Carlos M. Della Paolera 265
Show all (59)

Bank of America Financials and Metrics

Bank of America Revenue

Bank of America's revenue was reported to be $85.53 b in FY, 2020
USD

Revenue (FY, 2020)

85.5b

Net income (FY, 2020)

17.9b

Market capitalization (26-Apr-2021)

334.5b

Closing stock price (26-Apr-2021)

39.4

Cash (31-Dec-2020)

36.4b

EV

599.1b
Bank of America's current market capitalization is $334.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

93.7b100.3b110.6b91.2b85.5b

Revenue growth, %

1%7%10%

Cost of goods sold

10.0b12.9b19.3b

Gross profit

83.7b87.4b91.2b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

24.9b26.0b25.3b27.1b27.3b27.9b28.8b29.1b28.5b22.8b22.3b

Cost of goods sold

2.7b3.2b3.5b4.0b4.7b5.1b5.8b6.0b5.7b

Gross profit

22.2b22.8b21.8b23.1b22.6b22.8b23.0b23.1b22.8b

Gross profit Margin, %

89%88%86%85%83%82%80%79%80%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

17.9b18.2b28.1b27.4b17.9b

Depreciation and Amortization

2.2b2.1b538.0m1.7b1.8b

Cash From Operating Activities

18.3b10.4b39.5b61.8b38.0b

Cash From Investing Activities

(63.1b)(52.0b)(71.5b)(80.6b)(177.7b)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

4.9b10.1b15.7b6.9b13.7b20.9b7.3b14.7b20.4b4.0b7.5b12.4b

Depreciation and Amortization

534.0m1.1b1.9b646.0m1.0b1.5b26.0m55.0m1.3b432.0m880.0m1.4b

Cash From Operating Activities

(12.8b)(3.0b)17.5b40.4b33.8b53.4b15.1b8.4b2.7b19.0b16.0b(16.6b)

Cash From Investing Activities

(14.0b)(24.2b)(40.0b)(22.8b)(20.9b)(47.2b)(4.8b)(7.2b)(37.4b)(90.4b)(178.8b)(123.8b)
USDFY, 2016

Revenue/Employee

445.5k

Debt/Equity

0.9 x

Debt/Assets

0.1 x

Financial Leverage

8.2 x
Show all financial metrics

Bank of America Acquisitions / Subsidiaries

Company NameDateDeal Size
Merrill LynchJanuary 01, 2009
Countrywide Financial CorporationJuly 01, 2008
Catahoula-LaSalle BankOctober 01, 2007
U.S. Trust Company of DelawareOctober 01, 2007
HealthLogic SystemsSeptember 11, 2006
MBNAJuly 30, 2005
National ProcessingJuly 13, 2004
BAC Canada Finance Company
BAC North America Holding Company
BA Continuum Costa Rica
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Bank of America Revenue Breakdown

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Bank of America revenue breakdown by business segment: 17.4% from Global Markets, 21.2% from Global Banking, 20.9% from Global Wealth & Investment Management and 40.5% from Consumer Banking

Bank of America Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Bank of America Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Bank of America Online and Social Media Presence

Embed Graph

Bank of America Company Culture

  • Overall Culture

    A+

    79/100

  • CEO Rating

    A+

    80/100

  • Compensation

    B

    73/100

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Bank of America Frequently Asked Questions

  • When was Bank of America founded?

    Bank of America was founded in 1998.

  • Who are Bank of America key executives?

    Bank of America's key executives are Brian Moynihan, Raul A. Anaya and Amanda Schlang.

  • How many employees does Bank of America have?

    Bank of America has 208,000 employees.

  • What is Bank of America revenue?

    Latest Bank of America annual revenue is $85.5 b.

  • What is Bank of America revenue per employee?

    Latest Bank of America revenue per employee is $411.2 k.

  • Who are Bank of America competitors?

    Competitors of Bank of America include Citibank, Huntington Bancshares and BNP Paribas.

  • 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, Chicago, Miami, New York and in 50 other locations.

  • How many offices does Bank of America have?

    Bank of America has 59 offices.