BANK OF AMERICA CORPORATION

World Rank (Jul-30-2023)
36
Market Cap (Jul-30-2023)
253.72 Billion USD
World Rank (Dec-25-2022)
33
Market Cap (Dec-25-2022)
260.49 Billion USD
World Rank (Jan-07-2022)
19
Market Cap (Jan-07-2022)
402.490 Billion USD
World Rank (Jan-01-2021)
29
Market Cap (Jan-01-2021)
262.200 Billion USD
Annual Revenue in USD
107,820 Million USD
Annual Net Income in USD
35,770 Million USD
Total Assets in USD
3,050,700 Million USD
Total Liabilities in USD
2,777,500 Million USD
Annual Results for Year ending in
Dec-2022 month
Headquarters State / City
North Carolina
Headquarters Country
USA
Headquarters Sub Region
Northern America
Headquarters Continent
Americas
Company Business
Financial Services
Banking Services
Investment Banking
Insurance
Credit Cards
Stock Category
S&P 500
Stock Exchange
NYSE
Company Rank in Country in 2022
Company Rank in USA in 2022 is 14
Rank in Country (Jan-2021)
Company Rank in USA in 2021 is 19
Rank in Country (Jan-2020)
Rank in USA in 2020 is 11
Number of Employees
217,000
Employee Count as on Date
As on 2022
CEO:
Brian Moynihan
Founders
Amadeo Giannini
Hugh McColl
Yahoo @ NYSE
Wikipedia
Facebook
Company Website:
Bank of Americal - Leading Bank in USA
Business Sector:
Top Banks in USA
Top Banks in S&P 500
About Company Business:

Bank Of America Corporation is a bank in USA and it generates through lending and investments. Headquarters is in America.  It is at the core of how we live our values, deliver our purpose and achieve responsible growth.

Bank Of America Corporation commitment to responsible growth is resolute, and has four tenets:

  • We have to grow — no excuses.
  • We have to be client focused.
  • We have to grow within our risk framework.
  • And, our growth must be sustainable, which has three elements: driving operational excellence, being a great place to work for our teammates and sharing our success with our communities.

Bank of America have a long-term commitment to helping communities thrive and prosper—both economically and socially—with operations in more than 35 countries throughout Europe, the Middle East and Africa, Asia Pacific and the Americas.

 

Facts About Company

As on 2022, Bank Of America Corporation has 217,000 employees.

Bank Of America Corporation annual revenue generated for period ending Dec-2022 was 107.82 billion USD.

Bank Of America Corporation​​​​​​​ annual net income generated for period ending Dec-2022 was 35.77 billion USD.

Bank Of America Corporation​​​​​​​ annual revenue generated for period ending Dec-2021 was 89.11 million USD.

Bank Of America Corporation​​​​​​​ annual net income generated for period ending Dec-2021 was 30.55 million USD.

Founded Year
1998
Annual Results Summary:

Bank of America - Annual Results - Revenue and Net Profit - in Billion USD:

Annual Results Revenue Profit Before Tax Net Income
Dec-2022 107.82 - 35.77
Dec-2021 89.11 33.97 30.55
Dec-2020 85.53 18.99 16.47
Dec-2019 113.58 32.75 25.99
Dec-2018 91.25 34.58 28.15
Dec-2017 87.35 29.21 18.23
Dec-2016 83.7   17.91
Dec-2015 82.25   15.88
Balance Sheet Summary

Bank of America - Balance Sheet Summary - in Million USD:

Year Ending: Total Assets Total Liabilities Total Equity
Dec-2022 3,050,706 2,777,509 273,197
Dec-2021 3,169,948 2,899,882 270,066
Dec-2020 2,819,627 2,546,703 272,924
Dec-2019 2,434,079 2,169,269 264,810
Dec-2018 2,354,507 2,089,182 265,325
Dec-2017 2,281,234 2,014,088 267,146
Dec-2016 2,188,067 1,921,872 266,195
Quarterly Results Summary:

Bank of America - Quarterly Results - Revenue and Net Profit - in Billion USD:

Quarter - Ending Revenue Net Profit
Mar-2023 26.25 7.65
Dec-2022 24.53 6.90
Sep-2022 24.50 6.57
Jun-2022 22.68 5.93
Mar-2022 23.22 6.60
Dec-2021 22.06 6.77
Sep-2021 23.01 7.26
Jun-2021 22.62 9.22
Mar-2021 24.02 8.05
Dec-2020 21.31 5.47
Sep-2020 21.69 4.88
Jun-2020 22.32 3.28
Mar-2020 26.73 4.53
Dec-2019 22.34 6.99
Sep-2019 22.81 5.78
Jun-2019 22.23 7.34
Mar-2019 21.99 7.31
Dec-2018 21.82 7.28
Sep-2018 22.06 7.17
Institutional Investors

Top 30 Institution Investors in Bank of America as on MAR-31-2023

RANK Institutional Investors DATE SHARES HELD CHANGE (SHARES) CHANGE (%) VALUE (IN 1,000S)
1 BERKSHIRE HATHAWAY INC 3/31/2023 1,032,852,006 22,751,400 2.25% $31,873,813
2 VANGUARD GROUP INC 3/31/2023 614,791,726 7,088,259 1.17% $18,972,473
3 BLACKROCK INC. 3/31/2023 464,850,608 -6,992,398 -1.48% $14,345,290
4 STATE STREET CORP 3/31/2023 283,070,553 -14,800,198 -4.97% $8,735,557
5 FMR LLC 3/31/2023 235,665,063 -8,259,671 -3.39% $7,272,624
6 JPMORGAN CHASE & CO 3/31/2023 138,394,305 -3,366,600 -2.38% $4,270,848
7 GEODE CAPITAL MANAGEMENT, LLC 3/31/2023 125,467,577 1,830,802 1.48% $3,871,929
8 PRICE T ROWE ASSOCIATES INC /MD/ 3/31/2023 120,208,427 -6,969,359 -5.48% $3,709,632
9 NORGES BANK 12/31/2022 103,760,365 12,773,484 14.04% $3,202,045
10 MORGAN STANLEY 3/31/2023 103,256,319 1,826,382 1.80% $3,186,490
11 CAPITAL WORLD INVESTORS 3/31/2023 71,258,790 -17,687,708 -19.89% $2,199,046
12 NORTHERN TRUST CORP 3/31/2023 70,083,634 -541,960 -0.77% $2,162,781
13 AMERIPRISE FINANCIAL INC 3/31/2023 60,083,660 -453,729 -0.75% $1,854,182
14 INVESCO LTD. 3/31/2023 57,789,878 370,920 0.65% $1,783,396
15 BANK OF NEW YORK MELLON CORP 6/30/2023 54,595,626 -2,299,537 -4.04% $1,684,821
16 HARRIS ASSOCIATES L P 3/31/2023 50,482,810 8,814,630 21.15% $1,557,900
17 LEGAL & GENERAL GROUP PLC 3/31/2023 46,078,825 186,994 0.41% $1,421,993
18 DODGE & COX 3/31/2023 43,175,036 803,447 1.90% $1,332,382
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 3/31/2023 39,422,975 699,040 1.81% $1,216,593
20 DIMENSIONAL FUND ADVISORS LP 6/30/2023 38,063,713 2,658,656 7.51% $1,174,646
21 PARNASSUS INVESTMENTS, LLC 6/30/2023 37,656,022 3,278,515 9.54% $1,162,065
22 FRANKLIN RESOURCES INC 3/31/2023 36,586,918 -139,387 -0.38% $1,129,072
23 NUVEEN ASSET MANAGEMENT, LLC 3/31/2023 34,617,665 -1,266,140 -3.53% $1,068,301
24 LAZARD ASSET MANAGEMENT LLC 3/31/2023 33,977,007 -125,425 -0.37% $1,048,530
25 ROYAL BANK OF CANADA 3/31/2023 33,209,739 -2,435,097 -6.83% $1,024,853
26 FISHER ASSET MANAGEMENT, LLC 6/30/2023 33,118,755 7,570,839 29.63% $1,022,045
27 GOLDMAN SACHS GROUP INC 3/31/2023 33,028,706 -581,227 -1.73% $1,019,266
28 PUTNAM INVESTMENTS LLC 3/31/2023 32,830,870 570,014 1.77% $1,013,161
29 DEUTSCHE BANK AG\ 3/31/2023 32,280,631 7,166,599 28.54% $996,180
30 UBS ASSET MANAGEMENT AMERICAS INC 3/31/2023 27,239,348 -2,095,160 -7.14% $840,606

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