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26

Bank of America Corp.

BAC

Company Info

Bank of America, with its enormous retail banking franchise, could be one of the big winners when interest rates really begin to rise. That, unfortunately for B of A, has yet to happen. Instead, the bank is still struggling to boost profitability in the low interest rate environment. CEO Brian Moynihan has instituted cost cutting plans dubbed “New BAC” and “Simplify and Improve,” but the company’s actual performance has only improved modestly. Moynihan may have to wait until rates rise before he can see the new new BAC.

CEO
Brian T. Moynihan
Sector
Financials
Industry
Commercial Banks
HQ Location
Charlotte, NC
Years on Fortune 500 List
22
Employees
213,280
Bank of America Corp. is also featured in these fortune lists
Key Financials (last fiscal year)
$ millions% change
Revenues ($M)$93,056-2.2%
Profits ($M)$15,888228.7%
Assets ($M)$2,144,316
Total Stockholder Equity ($M)$256,205
Market Value — as of March 31, 2016 ($M)$139,603
Profit Ratios
Profit as % of Revenues17.1%
Profits as % of Assets0.7%
Profits as % of Stockholder Equity6.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)1.31
EPS % Change (from 2014)263.9%
EPS % Change (5 year annual rate)-
EPS % Change (10 year annual rate)-10.7%
Total Return
Total Return to Investors (2015)-4.8%
Total Return to Investors (5 year, annualized)5.4%
Total Return to Investors (10 year, annualized)-7.6%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
  • EPS:
  • Dividend Yield: n/a

Videos about Bank of America Corp.

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