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.

Bank of America Corporation's annual revenue was $192.43 B in fiscal year 2024. The annual revenue increased $20.52 B from $171.91 B (in 2023) to $192.43 B (in 2024), representing a 11.94% year-over-year growth.

The revenue of Bank Of America Corp with headquarters in the United States amounted to 101.89 billion U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately 16.36 billion U.S. dollars. The trend from 2020 to 2024 shows, furthermore, that this increase happened continuously.

Graph and download economic data for Total Revenue for Commercial Banking, Establishments Subject to Federal Income Tax, Employer Firms (REVEF52211TAXABL) from 2009 to 2022 about employer firms, accounting, revenue, establishments, tax, commercial, services, banks, depository institutions, and USA.

Brazil Bank of America Merrill Lynch: Prudential: Income Statement: NII: Gross Interest Income: Foreign Exchange Net data was reported at 197,693.000 BRL th in Mar 2019. This records a decrease from the previous number of 578,940.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Prudential: Income Statement: NII: Gross Interest Income: Foreign Exchange Net data is updated quarterly, averaging 300,725.000 BRL th from Mar 2014 (Median) to Mar 2019, with 21 observations. The data reached an all-time high of 1,376,711.000 BRL th in Jun 2016 and a record low of 0.000 BRL th in Mar 2015. Brazil Bank of America Merrill Lynch: Prudential: Income Statement: NII: Gross Interest Income: Foreign Exchange Net 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.

Bank of America Merrill Lynch: Income Statement: NII: Gross Insterest Income: Security data was reported at 185,855.000 BRL th in Mar 2019. This records a decrease from the previous number of 510,307.000 BRL th for Dec 2018. Bank of America Merrill Lynch: Income Statement: NII: Gross Insterest Income: Security data is updated quarterly, averaging 69,845.000 BRL th from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of 570,325.000 BRL th in Jun 2016 and a record low of 3,277.000 BRL th in Mar 2000. Bank of America Merrill Lynch: Income Statement: NII: Gross Insterest Income: Security 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.KBB099: Commercial Banks: Income Statement: Bank of America Merril Lynch.

In 2024, JPMorgan Chase was the commercial bank with the highest revenue in the United States, with a total revenue of over 177 billion U.S. dollars. Bank of America and Wells Fargo followed, with 101.9 and 82.3 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.

Bank Of America reported $0.9 in EPS Earnings Per Share for its fiscal quarter ending in March of 2025. Data for Bank Of America | BAC - EPS Earnings Per Share including historical, tables and charts were last updated by Trading Economics this last June in 2025.

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.

In 2024, JPMorgan was the world's leading bank in terms of investment banking revenue, generating around *** billion U.S. dollars. 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 *** billion U.S. dollars. BofA Securities and Morgan Stanley ranked third and fourth, with revenues of approximately *** billion and *** billion U.S. dollars, respectively. Together, these four banks held nearly a ***** 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.

Bank of America Corporation's annual net income per employee was $127.38 K in fiscal year 2024. The net income per employeeincreased$2.90 Kfrom $124.48 K(in 2023) to $127.38 K (in 2024), representing a 2.33% year-over-year growth.

Graph and download economic data for Total Revenue for Investment Banking and Securities Dealing, All Establishments, Employer Firms (REVEF52311ALLEST) from 1998 to 2022 about finance companies, employer firms, accounting, companies, revenue, finance, establishments, investment, financial, securities, services, banks, depository institutions, and USA.

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.

Bank of America Merrill Lynch: Prudential: Income Statement: NII: Gross Interest Income: Lease 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. Bank of America Merrill Lynch: Prudential: Income Statement: NII: Gross Interest Income: Lease 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. Bank of America Merrill Lynch: Prudential: Income Statement: NII: Gross Interest Income: Lease 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.

As of January 2022, the banking industry in Panama reported nearly 116 million U.S. dollars worth of gross income, the highest figure among Central American countries. Meanwhile, the gross income of Guatemala's banks amounted to 91.6 million dollars. In 2021, there were more than 2,750 bank branches operating in Guatemala.

Graph and download economic data for Total Revenue for Monetary Authorities-Central Bank, Establishments Subject to Federal Income Tax, Employer Firms (REVEF521TAXABL) from 2009 to 2022 about monetary authorities, employer firms, accounting, revenue, establishments, tax, services, banks, depository institutions, and USA.

Brazil Bank of America Merrill Lynch: Income Statement: NII: Gross Insterest Income: Financial Derivative Net data was reported at 21,454.000 BRL th in Mar 2019. This records an increase from the previous number of -234,167.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Income Statement: NII: Gross Insterest Income: Financial Derivative Net data is updated quarterly, averaging -2,285.000 BRL th from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of 177,563.000 BRL th in Mar 2015 and a record low of -593,271.000 BRL th in Mar 2016. Brazil Bank of America Merrill Lynch: Income Statement: NII: Gross Insterest Income: Financial Derivative Net 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.KBB099: Commercial Banks: Income Statement: Bank of America Merril Lynch.

JPMorgan Chase dominated the U.S. banking landscape in 2023, reporting a net income of 47.5 billion U.S. dollars, almost 20 billion more than Bank of America, which ranked second. Wells Fargo ranked third, with a net income of roughly 22 billion U.S. dollars. These three banks were also the largest banks based on total assets. The substantial lead held by JPMorgan Chase underscores its position as the financial powerhouse among American banks, reflecting its robust performance across various banking sectors. Market capitalization and global standing JPMorgan Chase's financial prowess extends beyond net income. With a market capitalization of 491.76 billion U.S. dollars as of December 31, 2023, it stood as the most valuable bank in the United States. Its massive market capitalization also made it the largest bank globally, with Bank of America following from a distance. This impressive valuation, coupled with its substantial net income, cements JPMorgan Chase's status as a financial titan. Asset base of JPMorgan Chase JPMorgan Chase's leadership is also evident in its asset base. The bank held 8.56 percent of total banking assets in the United States as of December 2023, surpassing Bank of America and Wells Fargo. This substantial market share translated to over 3.9 trillion U.S. dollars in total assets.

India Bank of America: Financial Ratio: Wage Bills-Total Income data was reported at 12.640 % in 2018. This records a decrease from the previous number of 12.760 % for 2017. India Bank of America: Financial Ratio: Wage Bills-Total Income data is updated yearly, averaging 11.545 % from Mar 1999 to 2018, with 20 observations. The data reached an all-time high of 16.630 % in 2011 and a record low of 4.320 % in 1999. India Bank of America: Financial Ratio: Wage Bills-Total Income 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.

The North American Neo and Challenger Bank market will be USD 47833.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 46.4% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 724767.2 million by 2031. This growth is mainly attributed to the region's growing emphasis on providing services exclusively through digital channels.