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Bank of America Corp.

Christopher Dilts — Bloomberg via Getty Images
  • Revenues ($M)$93,056
  • Revenue Percent Change-2.2%
  • Profits ($M)$15,888
  • Profits Percent Change228.7%
  • Assets ($M)$2,144,316
  • Employees213,280
  • Market Value — as of March 31, 2016 ($M)$139,603
  • Previous Rank23
  • Morning Consult Brand Index

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.

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Company Info

Brian T. Moynihan
Commercial Banks
HQ Location
Charlotte, NC
Years on Fortune 500 List22

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)$256,205-
Market Value — as of March 31, 2016 ($M)$139,603-

Profit Ratios

Profit as % of Revenues17.1%
Profits as % of Assets0.7%
Profits as % of Stockholder Equity6.2%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)1.31
EPS % Change (from 2014)263.9%
EPS % Change (5 year annual rate)-
EPS % Change (10 year annual rate)-10.7%

Total Return

Total Return to Investors (2015)-4.8%
Total Return to Investors (5 year, annualized)5.4%
Total Return to Investors (10 year, annualized)-7.6%