Bank Of America Corporation - Company Profile

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Bank Of America Corporation - Overview

Brands

BAL energy management, BAL Inverstment & Advisory, Banc America Mortgage Capital, Consumer Banking, First Franklin Financial Corp, General Fidelity Life insurance, Global Wealth and Investment Management, Merrill Edge, Merrill Lynch, Merrill Lynch Global Wealth Management, Merrill Lynch Wealth Management, US Trust

Description

Bank Of America is a public company headquartered in North Carolina with an estimated 213,000 employees. In the US, the company has a notable market share in at least six industries: Commercial Banking, Credit Card Issuing, Custody, Asset & Securities Services, Investment Banking & Securities Intermediation, Private Banking Services, Merchant Banking Services and Commercial Banking. Their largest market share is in the Private Banking Services industry, where they account for an estimated 12.8% of total industry revenue and are considered a Golden Goose because they display medium to strong market share and strong profit, but slower revenue growth than some of their peers.

Company Details

  • Registered Name: Bank Of America Corporation
  • Company Type: Operating
  • Exchange: NYSE, OTC
  • Headquarters: 100 N Tryon St, Charlotte, NC 28202
  • Website: https://www.bankofamerica.com/
  • Employees: 213,000

Bank Of America Corporation - Operating Industries and Main Competitors

To view all of Bank Of America Corporation's operating industries and competitors, see purchase options.

Bank Of America Corporation - Products and Services

Private Banking Services

Of the 5 core revenue-generating products and services in the Private Banking Services industry, Bank Of America Corporation offers:

  • Alternative assets
  • Cash and equivalent assets
  • Equities
  • Fixed income assets
  • Other and balanced assets

Custody, Asset & Securities Services

Of the 6 core revenue-generating products and services in the Custody, Asset & Securities Services industry, Bank Of America Corporation offers:

  • Brokerage and dealing services
  • Financial planning and investment management
  • Financing related to securities
  • Other services
  • Support services for financial and commodity markets
  • Trust and fiduciary services

Credit Card Issuing

Of the 4 core revenue-generating products and services in the Credit Card Issuing industry, Bank Of America Corporation offers:

  • Cardholder fees
  • Interchange fees
  • Interest income
  • Other

Merchant Banking Services

Of the 3 core revenue-generating products and services in the Merchant Banking Services industry, Bank Of America Corporation offers:

  • Equity financing
To view Bank Of America Corporation's full products and services, see purchase options.

Bank Of America Corporation - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Bank Of America Corporation's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Private Banking Services , Custody, Asset & Securities Services , Credit Card Issuing , Merchant Banking Services , Investment Banking & Securities Intermediation , Commercial Banking industries

Strengths

Days Receivables: x.x%

Rank: 2 of 3 peers

Annual Turnover: x.x%

Rank: 2 of 3 peers

Weaknesses

Credit Risk: x.x%

Rank: 2 of 3 peers

Revenue per Employee: $xx

Rank: 2 of 3 peers

Opportunities

Threats

  • AAAAA
  • AAAAA
  • AAAAA
To view Bank Of America Corporation's full SWOT analysis, see purchase options.

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Bank Of America Corporation - Financial Statements

Bank Of America Corporation Income Statement

BALANCE DATE 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
Revenue 91,020.0 91,244.0 85,528.0 89,113.0 94,950.0 98,581.0
Cost of Revenue
Cost of Revenue, Non-Cash
Gross Profit
00000

Bank Of America Corporation Balance Sheet

BALANCE DATE 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
Cash and Equivalents 177,404.0 161,560.0 380,463.0 348,221.0 230,203.0 333,073.0
Short-Term Investments
Derivative Assets, Current
Restricted Cash and Investments
00000

Bank Of America Corporation Cash Flow

BALANCE DATE 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
Net Income N/A N/A N/A N/A N/A N/A
Income (Loss) From Discontinued Operations
Depreciation, Depletion and Amortization
Amortization of Financing Costs and Discounts
00000
To view all financial data for Bank Of America Corporation, see purchase options.

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  • Products and Services
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