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Global 500

Christopher Dilts — Bloomberg via Getty Images

64

Bank of America Corp.

BAC

U.S.

Bank of America, with its enormous retail banking franchise, could be one of the big winners when interest rates really begin to rise. That, unfortunately for B of A, has yet to happen. Instead, the bank is still struggling to boost profitability in the low interest rate environment. CEO Brian Moynihan has instituted cost cutting plans dubbed “New BAC” and “Simplify and Improve,” but the company’s actual performance has only improved modestly. Moynihan may have to wait until rates rise before he can see the new new BAC.

CEO

Brian T. Moynihan

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

Charlotte, NC

Employees

213,280

Years on Global 500 List

22

Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$93,056-2.2%
Profits ($M)$15,888228.7%
Assets ($M)$2,144,316
Total Stockholder Equity ($M)$256,205
Profit Ratios
Profit as % of Revenues17.1%
Profits as % of Assets0.7%
Profits as % of Stockholder Equity6.2%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about Bank of America Corp.

Bank of America CEO to Star in Ad Campaign—Helped by Matt Damon

“I am Brian Moynihan, and I work for Bank of America.”

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What's Holding Companies Back From Improving the Diversity of Their Workforce

Executives from Bank of America and IBM discussed the topic at Fortune's Brainstorm Reinvent conference.

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Videos about Bank of America Corp.

Behind Bank of America's Decision to End Business With Some Gun Makers

Anne Finucane, Vice Chairman of Bank of America, and Chair of BoA's European Bank Board, talks about the bank's decision to cut ties with some gun manufacturers, and how this move has affected business.

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Warren Buffett Won Big With These Obscure Investments

Here's what you need to know to do the same.

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Broad Strokes for December 9, 2016: It's a Trump Cabinet Smack Down!

We're talking Linda McMahon, gender parity, and new pushes for diversity reports from activist investors. Tune in!

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