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Global 500

AP/REX/Shutterstock

60

Bank of America Corp.

BAC

U.S.

President Donald Trump’s first year at the helm was a near perfect storm for banks. Regulators sought to soften post-recession rules against Wall Street like the higher interest rates that widened the spread between what the bank earns off loans and what it pays out 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

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

Charlotte, N.C.

Years on Global 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
Profit Ratios
Profit as % of Revenues18.2%
Profits as % of Assets0.8%
Profits as % of Stockholder Equity6.8%
STOCK QUOTE
()0.00 0.00 (0)
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  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
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