Skip to Content
  • Previous Rank62
  • Revenues ($M)$100,264
  • Revenue Percent Change7%
  • Profits ($M)$18,232.00
  • Profits Percent Change1.8%
  • Assets ($M)$2,281,234.00
  • Employees209,376

President Donald Trump’s first year at the helm was a near perfect storm for banks. Regulators sought to soften post-recession rules against Wall Street like the higher interest rates that widened the spread between what the bank earns off loans and what it pays out to depositors. Bank of America was no exception. Consumer banking revenue, excluding net interest income, rose 9% in 2017. And displaying CEO Brian Moynihan’s deft cost-cutting hand, income in the segment rose 14%. That’s not to say the year was perfect—the ever-rising stock market kept investors complacent and trading revenues depressed.

Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

Company Information

CEO
Brian T. Moynihan
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Charlotte, N.C.
Websitehttp://www.bankofamerica.com
Years on Global 500 List24
Employees209,376

Bank of America Corp. Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$100,2647%
Profits ($M)$18,232.001.8%
Assets ($M)$2,281,234.00-
Total Stockholder Equity ($M)$267,146.00-

Profit Ratios

Profit as % of Revenues18.2%
Profits as % of Assets0.8%
Profits as % of Stockholder Equity6.8%