BAC • NYSE
Bank of America Corp
$47.97
Oct 28, 10:29:33 AM GMT-4 · USD · NYSE · Disclaimer
StockClimate leaderUS listed security
Previous close
$47.04
Day range
$47.30 - $47.89
Year range
$23.12 - $48.43
Market cap
395.25B USD
Volume
47.57M
P/E ratio
14.27
Dividend yield
1.76%
Primary exchange
NYSE
CDP Climate Change Score
A
In the news
Financial performance
(USD)Sep 2021Year/year change
Revenue
23.39B23.45%
Net income
7.69B57.57%
Diluted EPS0.8566.67%
Net profit margin32.88%27.64%
Operating income8.95B96.88%
Net change in cash--
Cash on hand279.85B-4.98%
Cost of revenue--
About
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered 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 eighth largest bank in the world. 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 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. The passage of landmark federal banking legislation facilitated a rapid growth in the 1950s, quickly establishing a prominent market share. Wikipedia
Founded
1998
Employees
209,407
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