OverviewSuggest Edit

Bank of America is a banking and financial services corporation that 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 CultureB-

Latest Updates

Employees (est.) (Dec 2021)208,000
Job Openings13,807
Revenue (FY, 2021)$93.9 B
Share Price (Apr 2022)$36.8(+2%)
Cybersecurity ratingAMore
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Key People/Management at Bank of America

Brian Moynihan

Brian Moynihan

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

Raul A. Anaya

President, Business Banking; President, Greater Los Angeles
Catherine P. Bessant

Catherine P. Bessant

Vice Chair
Dean Athanasia

Dean Athanasia

President, Regional Banking
Sheri B. Bronstein

Sheri B. Bronstein

Chief Human Resources Officer
Paul Donofrio

Paul Donofrio

Vice Chair
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Bank of America Office Locations

Bank of America has offices in Charlotte, Chicago, Miami, New York and in 47 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
One Bryant Park
San Francisco, CA, US
315 Montgomery St, San Francisco
Buenos Aires, AR
piso 11CP, Carlos M. Della Paolera 265
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Bank of America Financials and Metrics

Bank of America Revenue

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Bank of America's revenue was reported to be $93.85 b in FY, 2021 which is a 10.5% increase from the previous period.
USD

Revenue (FY, 2021)

93.9b

Revenue growth (FY, 2020 - FY, 2021), %

10.5%

Gross profit (FY, 2021)

89.1b

Gross profit margin (FY, 2021), %

95%

Net income (FY, 2021)

32.0b

Market capitalization (28-Apr-2022)

296.8b

Closing stock price (28-Apr-2022)

36.8

Cash (30-Jun-2021)

260.0b

EV

333.0b
Bank of America's current market capitalization is $296.8 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

113.6b93.8b93.9b

Revenue growth, %

3%(17%)10%

Cost of goods sold

22.3b8.2b4.7b

Gross profit

91.2b85.5b89.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

28.8b29.1b28.5b26.7b24.0b21.7b24.0b22.6b24.0b

Cost of goods sold

5.8b6.0b5.7b4.0b1.7b1.4b1.2b1.2b1.2b

Gross profit

23.0b23.1b22.8b22.8b22.3b20.3b22.8b21.5b22.8b

Gross profit Margin, %

80%79%80%85%93%94%95%95%95%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

177.4b161.6b380.5b

Accounts Receivable

937.3b974.0b909.1b

PP&E

9.9b10.6b11.0b

Goodwill

69.0b69.0b69.0b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

28.1b27.4b17.9b

Depreciation and Amortization

2.1b1.7b1.8b

Cash From Operating Activities

39.5b61.8b38.0b

Cash From Investing Activities

(71.5b)(80.6b)(177.7b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

7.3b14.7b20.4b4.0b7.5b12.4b8.1b17.3b

Depreciation and Amortization

418.0m852.0m1.3b432.0m880.0m1.4b461.0m930.0m

Cash From Operating Activities

15.1b8.4b2.7b19.0b16.0b(16.6b)(52.3b)(61.6b)

Cash From Investing Activities

(4.8b)(7.2b)(37.4b)(90.4b)(178.8b)(123.8b)(113.1b)(221.7b)
USDFY, 2018

Debt/Equity

0.9 x

Debt/Assets

0.1 x

Financial Leverage

8.9 x
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Bank of America Operating Metrics

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Bank of America Acquisitions / Subsidiaries

Company NameDateDeal Size
AxiaMedApril 02, 2021
Merrill LynchJanuary 01, 2009
Countrywide Financial CorporationJuly 01, 2008
LaSalle BankOctober 01, 2007
U.S. TrustNovember 20, 2006
HealthLogic SystemsSeptember 11, 2006
MBNAJuly 30, 2005
TransMerit Merchant ServicesJuly 13, 2004
FleetBoston Financial GroupOctober 27, 2003
BAC Canada Finance Company
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Bank of America Revenue Breakdown

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Bank of America revenue breakdown by business segment: 21.9% from Global Wealth & Investment Management, 35.8% from Consumer Banking, 22.0% from Global Banking and 20.3% from Global Markets

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Bank of America Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

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

CSRHub ESG ratingPremium dataset

60-79

out of 100

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Bank of America Online and Social Media Presence

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Bank of America Company Culture

  • Overall Culture

    B-

    69/100

  • CEO Rating

    B+

    74/100

  • Compensation

    B

    69/100

  • Diversity

    C+

    67/100

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Bank of America News and Updates

Krystal Biotech to Participate in Bank of America Merrill Lynch Global Healthcare Conference

PITTSBURGH, May 03, 2022 (GLOBE NEWSWIRE) -- Krystal Biotech, Inc., (the “Company”) (NASDAQ: KRYS), the leader in redosable gene therapy, today announced that Krish S. Krishnan, Chairman and Chief Executive Officer, will participate in the Bank of America Merrill Lynch Global Healthcare Conference…

Arbor Biotechnologies to Present at the Bank of America Global Healthcare Conference

CAMBRIDGE, Mass., May 03, 2022 (GLOBE NEWSWIRE) -- Arbor Biotechnologies, a biotechnology company discovering and developing the next generation of genetic medicines, today announced its participation in the upcoming Bank of America Global Healthcare Conference in Las Vegas, NV.

Buy this HVAC stock with 42% upside, Bank of America says

One equipment maker could see shares rally after a big pullback this year, according to Bank of America.

Esperion to Participate in Upcoming Bank of America Securities 2022 Healthcare Conference

ANN ARBOR, Mich., April 29, 2022 (GLOBE NEWSWIRE) -- Esperion (NASDAQ: ESPR), today announced that President and Chief Executive Officer, Sheldon Koenig, will present at the upcoming Bank of America Securities 2022 Healthcare Conference on Tuesday, May 10th, 2022.

Stocks could get more volatile from here, Bank of America says. Here are the names to watch

Stocks have been less volatile than bonds, and rocky earnings could close that gap, according to Bank of America.

Major shareholder announcement – Bank of America

Ambu A/S hereby announces in reference to Section 30 of the Danish Capital Markets Act that on April 26, 2022, pursuant to Section 38(1) of the Danish Capital Markets Act, Ambu has received a major shareholder notification from Bank of America Corporation bringing Bank of America Corporation above 5…
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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 Catherine P. Bessant.

  • 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 $93.9 b.

  • What is Bank of America revenue per employee?

    Latest Bank of America revenue per employee is $451.2 k.

  • Who are Bank of America competitors?

    Competitors of Bank of America include First Foundation, Industrial and Commercial Bank of China and China Construction Bank.

  • 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 47 other locations.

  • How many offices does Bank of America have?

    Bank of America has 52 offices.