The net income of Bank of America increased overall between 2009 and 2024, despite some considerable fluctuations. In 2024, the net income of the bank amounted to approximately 27.13 billion U.S. dollars, marking a slight increase compared to the previous year.

As of 2024, the United States remained the primary region where Bank of America generated the majority of its revenue, net of interest expense. That year, the bank reported approximately 88.5 billion U.S. dollars in revenue, excluding interest expenses, from its U.S. operations.

India Bank of America: Profit per Employee data was reported at 16.090 % in 2018. This records an increase from the previous number of 15.870 % for 2017. India Bank of America: Profit per Employee data is updated yearly, averaging 10.650 % from Mar 1999 (Median) to 2018, with 20 observations. The data reached an all-time high of 17.590 % in 2014 and a record low of 2.022 % in 2000. India Bank of America: Profit per Employee data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Banking Sector – Table IN.KBR008: Foreign Banks: Selected Financial Ratios: Bank of America.

Bank of America's quarterly net interest income varied significantly between 2012 and 2024, with 2023 and 2024 recording the highest levels during this period. In the fourth quarter of 2024, the bank's net interest income reached approximately 14.36 billion U.S. dollars.

Bank of America's quarterly net income has fluctuated significantly over the years, peaking at 9.22 billion U.S. dollars in the second quarter of 2021. However, it saw a sharp decline in the fourth quarter of 2023, dropping to 3.14 billion U.S. dollars. Throughout 2024, the bank's quarterly net income remained relatively stable, averaging just below seven billion U.S. dollars per quarter. This volatility reflects broader trends in the U.S. banking industry, where major institutions have struggled to maintain consistent growth amid evolving economic conditions.

Brazil Bank of America Merrill Lynch: Prudential: Income Statement: Profit Sharing data was reported at 0.000 BRL th in Mar 2019. This stayed constant from the previous number of 0.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Prudential: Income Statement: Profit Sharing data is updated quarterly, averaging 0.000 BRL th from Mar 2014 (Median) to Mar 2019, with 21 observations. The data reached an all-time high of 0.000 BRL th in Mar 2019 and a record low of 0.000 BRL th in Mar 2019. Brazil Bank of America Merrill Lynch: Prudential: Income Statement: Profit Sharing data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Banking Sector – Table BR.KBC099: Commercial Banks: Income Statement: Bank of America Merril Lynch.

India Bank of America: Profit or Loss data was reported at 7,343.248 INR mn in 2018. This records an increase from the previous number of 7,158.581 INR mn for 2017. India Bank of America: Profit or Loss data is updated yearly, averaging 1,445.646 INR mn from Mar 1990 (Median) to 2018, with 29 observations. The data reached an all-time high of 7,343.248 INR mn in 2018 and a record low of 220.800 INR mn in 1991. India Bank of America: Profit or Loss data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.KBQ008: Foreign Banks: Income Statements: Bank of America.

In 2023, JPMorgan Chase was the commercial bank with the highest revenue in the United States, with a total revenue of over 158 billion U.S. dollars. Bank of America and Wells Fargo followed, with 95.6 and 82.6 billion U.S. dollars, respectively. These three banks were also the largest banks in terms of total assets in the United States that year. Commercial banking A commercial bank is a bank that offers financial services to private customers and companies, such as accepting deposits, checking services or loans. Commercial banks earn money through interest rates on the loans that they offer. Such rates are significantly higher than the interest rates paid to the bank customers for depositing their assets in a bank. This difference in rates is called net interest income, which is one of the leading indicators of bank performance. Commercial vs investment banks Some banks specialize only in commercial or investment banking, while some banks combine both divisions in their operations. Investment banks specialize in managing assets of their clients, underwriting securities or supervising merger and acquisition transactions.

In 2024, JPMorgan was the world's leading bank in terms of investment banking revenue, generating around 8.1 billion U.S. dollars from the start of the year until the end. In 2024, JPMorgan was also the largest bank in the United States by total assets, followed by Bank of America and City Group. Global investment banking is dominated by U.S. banks The top five investment banks globally were all American multinational firms. In 2024, the two leading investment banks by revenue were JPMorgan and Goldman Sachs. While JPMorgan outpaced Goldman Sachs, both banks reported revenues exceeding six billion U.S. dollars. BofA Securities and Morgan Stanley ranked third and fourth, with revenues of approximately 5.4 billion and 5.2 billion U.S. dollars, respectively. Together, these four banks held nearly a third of the global investment banking market share in terms of revenue in 2024. Investment banking fees Unsurprisingly, JPMorgan was also the leading bank in terms of investment banking fees. These fees represent the returns banks earn for offering investment services, such as facilitating mergers and acquisitions. In 2024, the largest value of investment banking fees came from services provided to the financial sector.

Indonesia Bank of America, N.A: Non Operational Profit data was reported at -0.256 IDR bn in Jun 2019. This records an increase from the previous number of -0.580 IDR bn for May 2019. Indonesia Bank of America, N.A: Non Operational Profit data is updated monthly, averaging -0.066 IDR bn from May 2010 (Median) to Jun 2019, with 108 observations. The data reached an all-time high of 28.585 IDR bn in Nov 2015 and a record low of -2.706 IDR bn in Apr 2018. Indonesia Bank of America, N.A: Non Operational Profit data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Banking Sector – Table ID.KBF012: Foreign Bank: Income Statement: Bank of America N.A.

Brazil Bank of America Merrill Lynch: Prudential: Income Statement: Earnings Before Tax & Profit Sharing data was reported at 119,178.000 BRL th in Mar 2019. This records a decrease from the previous number of 181,588.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Prudential: Income Statement: Earnings Before Tax & Profit Sharing data is updated quarterly, averaging 115,889.000 BRL th from Mar 2014 (Median) to Mar 2019, with 21 observations. The data reached an all-time high of 409,589.000 BRL th in Jun 2016 and a record low of 5,399.000 BRL th in Mar 2014. Brazil Bank of America Merrill Lynch: Prudential: Income Statement: Earnings Before Tax & Profit Sharing data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Banking Sector – Table BR.KBC099: Commercial Banks: Income Statement: Bank of America Merril Lynch.

In 2024, Itaú Unibanco was the bank with the highest annual revenue in Latin America. The Brazilian bank had revenue of over 30 billion U.S. dollars. It was followed by Banco do Brasil, with an annual revenue of 29.62 billion U.S. dollars. All five leading banks in terms of revenue were headquartered in Brazil.

Indonesia Bank of America, N.A: Transfer to Profit to Head Office data was reported at 3.648 IDR bn in Dec 2013. This records a decrease from the previous number of 4.000 IDR bn for Nov 2013. Indonesia Bank of America, N.A: Transfer to Profit to Head Office data is updated monthly, averaging 5.184 IDR bn from Feb 2010 (Median) to Dec 2013, with 30 observations. The data reached an all-time high of 29.531 IDR bn in Jul 2011 and a record low of -7.483 IDR bn in Aug 2013. Indonesia Bank of America, N.A: Transfer to Profit to Head Office data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Banking Sector – Table ID.KBF012: Foreign Bank: Income Statement: Bank of America N.A.

Graph and download economic data for Total Revenue for Commercial Banking, All Establishments, Employer Firms (REVEF52211ALLEST) from 2009 to 2022 about employer firms, accounting, revenue, establishments, commercial, services, banks, depository institutions, and USA.

Graph and download economic data for Net Income for Commercial Banks in United States (DISCONTINUED) (USNINC) from Q1 1984 to Q3 2020 about commercial, Net, banks, depository institutions, income, and USA.

Thailand BAC: Assets: Fin Assets Measured at Fair Value Through Profit/Loss data was reported at 20,036,274.000 THB th in Jan 2025. This records an increase from the previous number of 13,239,974.000 THB th for Dec 2024. Thailand BAC: Assets: Fin Assets Measured at Fair Value Through Profit/Loss data is updated monthly, averaging 7,053,478.000 THB th from Jan 2020 (Median) to Jan 2025, with 61 observations. The data reached an all-time high of 30,047,934.000 THB th in Feb 2020 and a record low of 94,887.000 THB th in Dec 2023. Thailand BAC: Assets: Fin Assets Measured at Fair Value Through Profit/Loss data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.KB063: Balance Sheet: Foreign Bank: Bank of America.

As of March 31, 2024, JPMorgan Chase led the U.S. banking sector with approximately 11.7 percent of total domestic deposits, closely followed by Bank of America at nearly 11 percent. This distribution reflects the concentrated nature of the U.S. banking industry, where, despite thousands of commercial banks operating nationwide, the market is dominated by the top four institutions. The total value of deposits held at FDIC-insured commercial banks has decreased in recent years, amounting to 17.83 trillion U.S. dollars in 2023. The U.S. banking industry The banking industry in the United States accounts for tens of trillions of U.S. dollars in assets under management. While there are thousands of commercial banks in the country, the market is dominated by the largest four of these. This is particularly true when considering functions such as private and investment banking. Other measures This ranking presents the market share of domestic assets, but other measures give a slightly different picture. For example, looking at the value of total assets shows a higher market share in the hands of the top four firms. Apart from that, the revenue of leading commercial banks can also give a better idea of banks’ financial standing.

Continued consolidation of the US banking industry and a general increase in the size of banks have prompted some policymakers to consider policies that discourage banks from getting larger, including explicit caps on bank size. However, limits on the size of banks could entail economic costs if they prevent banks from achieving economies of scale. This paper presents new estimates of returns to scale for US banks based on nonparametric, local-linear estimation of bank cost, revenue, and profit functions. We report estimates for both 2006 and 2015 to compare returns to scale some 7 years after the financial crisis and 5 years after enactment of the Dodd-Frank Act with returns to scale before the crisis. We find that a high percentage of banks faced increasing returns to scale in cost in both years, including most of the 10 largest bank holding companies. Also, while returns to scale in revenue and profit vary more across banks, we find evidence that the largest four banks operate under increasing returns to scale.

India American Express Banking Corporation: Profit per Employee data was reported at 1.260 % in 2018. This records an increase from the previous number of 0.800 % for 2017. India American Express Banking Corporation: Profit per Employee data is updated yearly, averaging 0.086 % from Mar 1999 (Median) to 2018, with 17 observations. The data reached an all-time high of 1.260 % in 2018 and a record low of -1.210 % in 2014. India American Express Banking Corporation: Profit per Employee data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Banking Sector – Table IN.KBR004: Foreign Banks: Selected Financial Ratios: American Express Banking Corporation.

Graph and download economic data for Net Interest Margin for all U.S. Banks (DISCONTINUED) (USNIM) from Q1 1984 to Q3 2020 about ibf, NIM, Net, banks, interest, depository institutions, and USA.