Skip to Content
NEW
A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily.
SIGN IN
While stock markets raced ahead in 2020, much of the underlying economy continued to struggle. Bank of America, the country’s second largest bank by assets, saw both those dynamics at play in its businesses. Profits dropped 35% to $17.9 billion as the bank put billions on the back burner in preparation for bad loans resulting from the national shutdown. Meanwhile BofA’s investment banking and sales and trading units posted impressive results amid a frenzy of investing activity. And as vaccine rollouts in the U.S. picked up in April, CEO Brian Moynihan struck a far more optimistic tone as the bank released some of those reserves. “What we see different now is…an accelerating recovery versus the economic uncertainty that we would have faced the last year at this time,” he told shareholders, promising an eventual return to the office likely in September.
Lists ranking Bank of America
RANK29
100 Best Companies to Work For - 2022When it comes to supporting employees, flexibility...READ MOREview in list
RANK39
World’s Most Admired Companies - 2022Just as it dominates our economy, Big Tech now dom...READ MOREview in list
RANK9
Change the World - 2021These companies use the creative tools of capitali...READ MOREview in list
RANK3
75 Best Large Workplaces for Women - 2021The companies on this year's list make a conscious...READ MOREview in list
RANK77
Global 500 - 2021Total revenue for the world’s biggest companies fe...READ MOREview in list
RANK29
Fortune 500 - 2021This year’s Fortune 500 marks the 67th running of ...READ MOREview in list