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COMPANY BENCHMARKING • UNITED STATES

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 217,000 employees. In the US, the company has a notable market share in at least seven industries: Finance and Insurance, Commercial Banking, Loan Administration, Check Cashing & Other Services, Custody, Asset & Securities Services, Investment Banking & Securities Intermediation, Private Banking Services, Merchant Banking Services and Finance and Insurance. Their largest market share is in the Custody, Asset & Securities Services industry, where they account for an estimated 9.7% of total industry revenue.
Company Details

Registered Name: Bank Of America Corporation

Company Type: Operating

Exchange: NYSE

Headquarters: 100 N Tryon St Charlotte NC 28202

Website: https://www.bankofamerica.com/

Employees: 217000

Bank Of America Corporation - Operating Industries and Main Competitors

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Bank Of America Corporation - Products and Services

  • Finance and Insurance in the US

  • Of the 4 core revenue-generating products and services in the Finance and Insurance in the US industry, Bank Of America Corporation offers:
    • Credit intermediation and related activities
    • Insurance and related activities
    • Securities, commodity contracts and other financial investments
    • AAAAA AAAAA
  • Commercial Banking in the US

  • Of the 6 core revenue-generating products and services in the Commercial Banking in the US industry, Bank Of America Corporation offers:
    • Commercial and industrial loans
    • Credit card loans
    • Depository services and other noninterest-income generating products
    • AAAAA AAAAA
  • Investment Banking & Securities Intermediation in the US

  • Of the 6 core revenue-generating products and services in the Investment Banking & Securities Intermediation in the US industry, Bank Of America Corporation offers:
    • Brokering and dealing services for derivative contracts
    • Financial advisory and investment management services
    • Trading and related services
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error_outline To view Bank Of America Corporation's full products and services, see purchase options.

Bank Of America Corporation - Analyst Insights

Bank of America to offer 100,000 seats at their Institute of Women’s Entrepreneurship at Cornell

In wake of the program’s success, Bank of America stated in March of 2022 that they will be doubling the size of the spots available. Beginning in 2018, this program has strived to offer a certificate in women’s entrepreneurship. Since its inception this program has enrolled 50,000 women from all over the world, reportedly 90% were women of color. Recognizing the value of this program they plan to expand in the next few years. This addition is in tandem with the increase of $350 million in equity funds they committed to minority focused funds in 2021.

New Activity|ESG


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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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 Finance and Insurance in the US, Commercial Banking in the US, and Investment Banking & Securities Intermediation in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Bank Of America Corporation - Financial Statements & Ratios

pie_chartBank Of America Corporation Income Statement

BALANCE DATE12/31/202212/31/202112/31/202012/31/201912/31/201812/31/2017
Revenue94,950.089,113.085,528.091,244.091,020.087,126.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartBank Of America Corporation Balance Sheet

BALANCE DATE12/31/202212/31/202112/31/202012/31/201912/31/201812/31/2017
Cash and Equivalents230,203.0348,221.0380,463.0161,560.0177,404.0157,434.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartBank Of America Corporation Cash Flow

BALANCE DATE12/31/202212/31/202112/31/202012/31/201912/31/201812/31/2017
Net IncomeN/AN/AN/AN/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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  • Products and Services
  • Key Company Benchmarks
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