Bank of America

Bank of America logo

Bank of America (BofA, BoA) is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. With more than 217,000 employees, the Bank serves clients through operations in more than 40 countries.

Services: Checking, Savings & CDs, Credit Cards, Home and Auto Loans, Investing, Student Banking.

The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth manager and a major player in the investment banking industry.

Total assets: $3,195 billion (March 31, 2023).
Net profit: $1.4 billion (2011), $3.9 billion (2012), $10.5 billion (2013), $5.5 billion (2014), $15.8 billion (2015), $17.9 billion (2016), $28.1 billion (2018), $27.4 billion (2019), $17.9 billion (2020), $32.0 billion (2021), $26.0 billion (2022).

Member FDIC (each depositor insured to at least USD 250,000).

HQ: Charlotte, USA
Founded: 1904
ID: 130. Updated: 19.10.2023

  • Press Releases
  • 23.04.2023 Bank of America reports first quarter 2023 net income of $8.2 billion, compared to $7.1 billion in first quarter 2022. Total assets amounted to $3.19 trillion at March 31, 2023.
  • 03.05.2022 88% of Small Business Owners Say Inflation Is Impacting Their Business, According to Bank of America Small Business Owner Report. Read more
  • 15.10.2017 Bank of America reports third quarter 2017 net income of $5,122 million, compared to $4,452 million in third quarter 2016. Total assets amounted to $2.27 trillion at September 30, 2017.
  • 18.04.2017 Bank of America reports first quarter 2017 net income of US$ 1,894 million, compared to US$ 1,764 million in first quarter 2016. Total assets amounted to US$ 2.25 trillion at March 31, 2017.
  • 19.07.2016 Bank of America reports second quarter 2016 net income of US$ 4.2 billion, compared to US$ 5.1 billion in second quarter 2015. Total assets amounted to US$ 2.19 trillion at June 30, 2016.
  • Head office: 100 North Tryon Street
    Charlotte, NC 28255-0001
  • Phone: +1-704-386-5000
  • Fax: n/a
  • SWIFT: BOFAUS3N
  • Key people: Brian T. Moynihan (Chairman and CEO)
  • Company type: Public (NYSE: BAC, TYO: 8648)

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