business
COMPANY BENCHMARKING • UNITED STATES

Bank Of America Corporation - Company Profile

Access all 5,000+ company profiles through Benchmarking Pro, available to Membership Plus subscribers. Unlock interactive competitor comparison tools that show you how Bank Of America Corporation stacks up to the competition and put relevant competitor and industry information at your fingertips.


Bank Of America Corporation - Overview

Brands
BAL energy management, BAL Inverstment & Advisory, Banc America Mortgage Capital, Consumer Banking, First Franklin Financial Corp, General Fidelity Life insurance, Global Wealth and Investment Management, Merrill Edge, Merrill Lynch, Merrill Lynch Global Wealth Management, Merrill Lynch Wealth Management, US Trust
Description
Bank Of America Corporation is a public company headquartered in North Carolina with an estimated 209,000 employees. In the US, the company has a notable market share in at least eight industries: Securities Brokering, International Trade Financing, Custody, Asset & Securities Services, Private Banking Services, Commercial Banking, Merchant Banking Services, Loan Administration, Check Cashing & Other Services and Finance and Insurance. Their largest market share is in the Securities Brokering industry, where they account for an estimated 9.8% of total industry revenue and are considered an Incumbent because they display strong market share, but lower profit and revenue growth than some of their peers.
Company Details

Registered Name: Bank Of America Corporation

Company Type: Operating

Exchange: NYSE

Headquarters: Bank Of America Corporate Center 100 N Tryon St Charlotte NC 28255

Website: https://www.bankofamerica.com/

Employees: 204000

Bank Of America Corporation - Operating Industries and Main Competitors

error_outline To view all of Bank Of America Corporation's operating industries and competitors, see purchase options.

Bank Of America Corporation - Products and Services

  • Finance and Insurance in the US

  • Of the 4 core revenue-generating products and services in the Finance and Insurance in the US industry, Bank Of America Corporation offers:
    • Credit intermediation and related activities
    • Insurance and related activities
    • Securities, commodity contracts and other financial investments
    • AAAAA AAAAA
  • Commercial Banking in the US

  • Of the 6 core revenue-generating products and services in the Commercial Banking in the US industry, Bank Of America Corporation offers:
    • Commercial and industrial loans
    • Credit card loans
    • Depository services and other noninterest-income generating products
    • AAAAA AAAAA
  • Securities Brokering in the US

  • Of the 7 core revenue-generating products and services in the Securities Brokering in the US industry, Bank Of America Corporation offers:
    • Brokering and dealing for debt instruments
    • Brokering and dealing for derivative contracts
    • Brokering and dealing for equities
    • AAAAA AAAAA
error_outline To view Bank Of America Corporation's full products and services, see purchase options.

Bank Of America Corporation - Analyst Insights

Bank of America creates a series to highlight need for change

In March of 2022, Bank of America created a committee of sustainability experts who will be releasing an editorial series called “Financing a Sustainable Future”. This series aims at highlighting how sustainable finance practices can accelerate a more equitable financial, environmental, and social future. This initiative also relates to there prior commitment of $1.5 trillion dollars towards sustainable finance by 2030. Bank of America is using their vast resources to try and spark change in the communities they serve.

New Activity|ESG


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

Lorem Ipsum text header Report Title

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.

Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.

error_outline To view all analyst insights on Bank Of America Corporation, see purchase options.

Bank Of America Corporation - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Bank Of America Corporation's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Finance and Insurance in the US, Commercial Banking in the US, and Securities Brokering in the US industries.
Strengths
Days Receivables: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
  • AAAAA
  • AAAAA
  • AAAAA
Threats
  • AAAAA
  • AAAAA
  • AAAAA

error_outline To view Bank Of America Corporation's full SWOT analysis, see purchase options.

Bank Of America Corporation - Financial Statements & Ratios

pie_chartBank Of America Corporation Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue89,113.085,528.091,244.091,020.087,126.083,701.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartBank Of America Corporation Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents348,221.0380,463.0161,560.0177,404.0157,434.0147,738.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartBank Of America Corporation Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net IncomeN/AN/AN/AN/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

error_outline To view Bank Of America Corporation's full competitive environment, see purchase options.

GET INSTANT ACCESS WITH MEMBERSHIP PLUS

100% Money Back Guarantee Digicert Trusted

BENCHMARKING PRO

What's Inside
Benchmarking Pro?

Available with US Membership Plus packages, this suite of company and industry data:

Benchmarks companies against industry averages or like-sized segments, as well as close competitors
Identifies real-world strengths, opportunites, weaknesses and threats
Reveals growth opportunities or red flags in a business growth strategy

Included in Report

  • Enterprise History & Synopsis
    Enterprise History & Synopsis
  • Enterprise Financial Statements
    Company Financial Statements
  • Financial Ratios
    Industry Market Share Breakdown
  • Industry Averages
    Industry Competitor Matrix
  • Competitive Landscape
    SWOT Analysis
  • Key Enterprise Personnel
    Products and Services
  • Subsidiaries & Ownership Structure
    Key Company Benchmarks

Why purchase access to Benchmarking Pro?

This profile on Bank Of America Corporation includes:

  • Company Overview
  • Company Revenue and Employee Data
  • Company Financial Statements
  • Industry Market Share Breakdown
  • Industry Competitor Matrix
  • SWOT Analysis
  • Products and Services
  • Key Company Benchmarks
  • Interconnected Competitor Profiles and Industry Reports
  • Full Access to Benchmarking Pro

The IBISWorld Benchmarking Pro solution enables you to:

  • Understand a enterprise’s competitive landscape and how they perform within a like-sized industry segment.
  • Benchmark companies against industry averages, segment averages and their competitors.
  • Identify real-world strengths, opportunities, weaknesses and threats for companies.
  • Target growth opportunities or spot red flags in a business growth strategy.
  • Toggle between company profiles and industry reports for a 360 degree view of a company's position.

IBISWorld provides profiles on thousands of leading companies around the world. Our clients rely on our information and data to stay up-to-date on business and industry trends across all sectors of the economy. This company profile, along with the corresponding competitor and industry data provided, includes thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal