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Bank of America posted another solid year, reaping the benefits of a better economy, higher interest rates, and lower taxes. Profits grew 54% in 2018. CEO Brian Moynihan has also managed on the political front better than some of his banking peers. Just a day before he appeared at a hearing before the House Financial Services Committee, the bank announced plans to raise its minimum wage from $15 to $20 in 2020. While the move likely didn’t pacify lawmakers concerned with economic inequality, it was certainly a step in the right direction.

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Company Info

Brian T. Moynihan
CEO Title
Chairman & Chief Executive Officer
Commercial Banks
HQ Location
Charlotte, N.C.
Years on Fortune 500 List25

Bank of America Rank History


Key Financials (Last Fiscal Year)

$ millions% change
Revenues ($M)$110,584.010.3%
Profits ($M)$28,147.054.4%
Assets ($M)$2,354,507.0-
Total Stockholder Equity ($M)$265,325.0-

Profit Ratios

Profit as % of Revenues25.5%
Profits as % of Assets1.2%
Profits as % of Stockholder Equity10.6%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)2.61
EPS % Change (from 2017)67.3%
EPS % Change (5 year annual rate)23.7%
EPS % Change (10 year annual rate)16.8%

Total Return

Total Return to Investors (2018)-14.9%
Total Return to Investors (5 year, annualized)11.1%
Total Return to Investors (10 year, annualized)6.7%