Bank Of America Corporation - Company Profile
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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 is a public company headquartered in North Carolina with an estimated 213,000 employees. In the US, the company has a notable market share in at least seven industries: Commercial Banking, Credit Card Issuing, Loan Administration, Check Cashing & Other Services, Custody, Asset & Securities Services, Investment Banking & Securities Intermediation, Private Banking Services, Merchant Banking Services and Commercial Banking. Their largest market share is in the Private Banking Services industry, where they account for an estimated 12.5% of total industry revenue.
Company Details
- Registered Name: Bank Of America Corporation
- Company Type: Operating
- Exchange: NYSE, OTC
- Headquarters: 100 N Tryon St, Charlotte, NC 28202
- Website: https://www.bankofamerica.com/
- Employees: 213,000
Bank Of America Corporation - Operating Industries and Main Competitors
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OD5406 - Private Banking Services
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- Bank Of America Corporation Market Share: x.x%
- Morgan Stanley Market Share: x.x%
- Wells Fargo & Company Market Share: x.x%
- The Goldman Sachs Group, Inc. Market Share: x.x%
- Jpmorgan Chase & Co Market Share: x.x%
-
52399 - Custody, Asset & Securities Services
-
- Bank Of America Corporation Market Share: x.x%
- Citigroup inc. Market Share: x.x%
- The Bank Of New York Mellon Corporation Market Share: x.x%
- State Street Corporation Market Share: x.x%
- Jpmorgan Chase & Co Market Share: x.x%
-
52315 - Investment Banking & Securities Intermediation
-
- Bank Of America Corporation Market Share: x.x%
- Edward D. Jones & Co., LP Market Share: x.x%
- Morgan Stanley Market Share: x.x%
- Edgewater Services, LLC Market Share: x.x%
- The Goldman Sachs Group, Inc. Market Share: x.x%
-
52221 - Credit Card Issuing
-
- Bank Of America Corporation Market Share: x.x%
- Discover Financial Services Market Share: x.x%
- Synchrony Financial Market Share: x.x%
- Citigroup inc. Market Share: x.x%
- American Express Co Market Share: x.x%
Bank Of America Corporation - Products and Services
Private Banking Services
Of the 5 core revenue-generating products and services in the Private Banking Services industry, Bank Of America Corporation offers:
- Alternative assets
- Cash and equivalent assets
- Equities
- Fixed income assets
- Other and balanced assets
Custody, Asset & Securities Services
Of the 6 core revenue-generating products and services in the Custody, Asset & Securities Services industry, Bank Of America Corporation offers:
- Brokerage and dealing services
- Financial planning and investment management
- Financing related to securities
- Other services
- Support services for financial and commodity markets
- Trust and fiduciary services
Investment Banking & Securities Intermediation
Of the 10 core revenue-generating products and services in the Investment Banking & Securities Intermediation industry, Bank Of America Corporation offers:
- Brokering and dealing services for derivative contracts
- Financial advisory and investment management services
- Trading and related services
- Underwriting, brokering and dealing services (debt)
- Underwriting, brokering and dealing services (equity)
- Other
Credit Card Issuing
Of the 4 core revenue-generating products and services in the Credit Card Issuing industry, Bank Of America Corporation offers:
- Cardholder fees
- Interchange fees
- Interest income
- Other
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 Private Banking Services , Custody, Asset & Securities Services , Investment Banking & Securities Intermediation , Credit Card Issuing , Loan Administration, Check Cashing & Other Services , Merchant Banking Services , Commercial Banking industries
Strengths
Days Receivables: x.x%
Rank: 2 of 3 peers
Annual Turnover: x.x%
Rank: 2 of 3 peers
Weaknesses
Credit Risk: x.x%
Rank: 2 of 3 peers
Revenue per Employee: $xx
Rank: 2 of 3 peers
Opportunities
Threats
- AAAAA
- AAAAA
- AAAAA
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Bank Of America Corporation - Financial Statements
Bank Of America Corporation Income Statement
| BALANCE DATE | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | 12/31/2023 |
|---|---|---|---|---|---|---|
| Revenue | 91,020.0 | 91,244.0 | 85,528.0 | 89,113.0 | 94,950.0 | 98,581.0 |
| Cost of Revenue | ||||||
| Cost of Revenue, Non-Cash | ||||||
| Gross Profit | ||||||
| 00000 |
Bank Of America Corporation Balance Sheet
| BALANCE DATE | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | 12/31/2023 |
|---|---|---|---|---|---|---|
| Cash and Equivalents | 177,404.0 | 161,560.0 | 380,463.0 | 348,221.0 | 230,203.0 | 333,073.0 |
| Short-Term Investments | ||||||
| Derivative Assets, Current | ||||||
| Restricted Cash and Investments | ||||||
| 00000 |
Bank Of America Corporation Cash Flow
| BALANCE DATE | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | 12/31/2023 |
|---|---|---|---|---|---|---|
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A |
| Income (Loss) From Discontinued Operations | ||||||
| Depreciation, Depletion and Amortization | ||||||
| Amortization of Financing Costs and Discounts | ||||||
| 00000 |
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- Company Overview
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- Company Financial Statements
- Industry Market Share Breakdown
- Industry Competitor Matrix
- SWOT Analysis
- Products and Services
- Key Company Benchmarks
- Interconnected Competitor Profiles and Industry Reports
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Enterprise History & Synopsis
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Company Financial Statements
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Industry Market Share Breakdown
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Industry Competitor Matrix
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SWOT Analysis
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Products and Services
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Key Company Benchmarks
