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  • Previous Rank80
  • Revenues ($M)$93,056
  • Revenue Percent Change-2.2%
  • Profits ($M)$15,888
  • Profits Percent Change228.7%
  • Assets ($M)$2,144,316
  • Employees213,280

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 Information

CEO
Brian T. Moynihan
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Charlotte, NC
Employees213,280
Websitehttp://www.bankofamerica.com
Years on Global 500 List22

Bank of America Corp. Rank History

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-

Profit Ratios

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