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  • Previous Rank60
  • Revenues ($M)$110,584.00
  • Revenue Percent Change10.3%
  • Profits ($M)$28,147.00
  • Profits Percent Change54.4%
  • Assets ($M)$2,354,507.00
  • Employees204,489

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 Information

CEO
Brian T. Moynihan
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Charlotte, N.C.
Websitehttps://www.bankofamerica.com
Years on Global 500 List25
Employees204,489

Bank of America Corp. Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$110,584.0010.3%
Profits ($M)$28,147.0054.4%
Assets ($M)$2,354,507.00-
Total Stockholder Equity ($M)$265,325.00-

Profit Ratios

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