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  • Rank21
  • Previous Rank13
  • CEO
    Brian T. Moynihan
  • Address
    100 N. Tryon St., Charlotte, NC 28255
  • Website
    www.bankofamerica.com

Last year was the year of the shrink for Bank of America. After a number of missteps and a string of lawsuits, BofA took a step back from the mortgage market, ending its business of making loans through outside brokers. The point was to cut costs, but the timing was terrible. Low interest rates and a rebound in housing prices led to a boom in refinancing in 2012. Rivals cashed in. BofA’s overall revenue, on the other hand, fell by $15 billion.

Investors, however, seemed to like CEO Brian Moynihan’s cost cutting more than they minded the mortgage miss. BofA shares are up 40% in the past year. Moynihan has a new plan to boost revenue, essentially creating a rewards program for customers who do all their banking and borrowing at BofA. It may work, but in mid-April the bank agreed to pay $500 million to Maine and other states, reimbursing them for losses on mortgage bonds — a reminder that BofA’s legal woes are not over.

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Key Financials

$ Millions% change
Revenues100,078-13
Profits
4188.00
189.6
Assets2,209,974-
Total Shareholder Equity236,956-
Market Value (on March 29, 2013)131,790.9-

Profit as a % of

Profit Percent Sales131,790.9
Profit Percent Assets0.2
Profit Percent Shareholder Equity1.8

Earnings Per Share

Earnings Per Share0.25
EPS % Change (from 2012)2,400
EPS Change (5 year)-40.3
EPS Change (10 year)-21.9

Total Return to Investors

Total Return to Investors109.7
Total Return to Investors (5 year)-20.9
Total Return to Investors (10 year)
-7.60