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Fortune 500

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24

Bank of America Corp.

BAC

President Donald Trump’s first year at the helm was a near perfect storm for banks. Not only did regulators seek to soften post-recession rules against Wall Street, the Federal Reserve also boosted interest rates—widened the spread between what the bank earns off loans, and what they payout to depositors. Bank of America was no exception. Consumer banking revenue, excluding net interest income, rose 9% in 2017. And displaying CEO Brian Moynihan’s deft cost-cutting hand, income in the segment rose 14%. That’s not to say the year was perfect–the ever-rising stock market kept investors complacent and trading revenues depressed.

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CEO

Brian T. Moynihan

CEO Title

Chairman, President & Chief Executive Officer

Sector

Financials

Industry

Commercial Banks

HQ Location

Charlotte, N.C.

Years on Fortune 500 List

24

Employees

209,376

Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$100,2647.0%
Profits ($M)$18,232.01.8%
Assets ($M)$2,281,234
Total Stockholder Equity ($M)$267,146
Market Value — as of March 29, 2018 ($M)$306,618
Profit Ratios
Profit as % of Revenues18.2%
Profits as % of Assets0.8%
Profits as % of Stockholder Equity6.8%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)1.56
EPS % Change (from 2016)4.0%
EPS % Change (5 year annual rate)44.2%
EPS % Change (10 year annual rate)-7.2%
Total Return
Total Return to Investors (2017)35.6%
Total Return to Investors (5 year, annualized)21.8%
Total Return to Investors (10 year, annualized)-1.8%
STOCK QUOTE
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

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