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Bank of America Corp
Previous close
$31.92
Day range
$31.36 - $31.88
Year range
$29.67 - $50.11
Market cap
252.79B USD
Avg Volume
40.52M
P/E ratio
9.80
Dividend yield
2.80%
Primary exchange
NYSE
Top news
Financials
Income Statement
Revenue
Net income
| (USD) | Jun 2022info | Y/Y change |
|---|---|---|
Revenue | 22.16B | -3.99% |
Operating expense | 15.27B | 1.52% |
Net income | 6.25B | -32.27% |
Net profit margin | 28.18 | -29.46% |
Earnings per share | 0.73 | -29.13% |
EBITDA | — | — |
Effective tax rate | 9.36% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Jun 2022info | Y/Y change |
|---|---|---|
Cash and short-term investments | 714.18B | -4.45% |
Total assets | 3.11T | 2.70% |
Total liabilities | 2.84T | 3.26% |
Total equity | 269.12B | — |
Shares outstanding | 8.04B | — |
Price to book | 1.07 | — |
Return on assets | 0.79% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Jun 2022info | Y/Y change |
|---|---|---|
Net income | 6.25B | -32.27% |
Cash from operations | -5.05B | 45.77% |
Cash from investing | 16.74B | 115.41% |
Cash from financing | -84.65B | -264.95% |
Net change in cash | -75.93B | -14.92% |
Free cash flow | — | — |
About
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco and took its present form when NationsBank of Charlotte acquired it in 1998. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
One branch of its history stretches back to the U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquartered in San Francisco, California, Giannini acquired Banca d'America e d'Italia in 1922. Wikipedia
Founded
Sep 30, 1998
Website
Employees
210,000
