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.

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.

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 is a public company headquartered in North Carolina with an estimated 213,000 employees. In the US, the company has a notable market share in at least seven industries: Commercial Banking, Credit Card Issuing, Loan Administration, Check Cashing & Other Services, Custody, Asset & Securities Services, Investment Banking & Securities Intermediation, Private Banking Services, Merchant Banking Services and Commercial Banking. Their largest market share is in the Private Banking Services industry, where they account for an estimated 12.5% of total industry revenue.

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.

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.

Bank Of America reported 0.81 in Interest Income for its fiscal quarter ending in September of 2024. Data for Bank Of America | BAC - Interest Income including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Bank of America's quarterly revenue net of interest expense has shown remarkable resilience and growth over the past decade. From 2012 to 2024, the financial giant demonstrated its ability to navigate changing economic landscapes, with revenue reaching 25.35 billion U.S. dollars in the fourth quarter of 2024.

Brazil Bank of America Merrill Lynch: Income Statement: OOIE: Investment Income 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: Income Statement: OOIE: Investment Income data is updated quarterly, averaging 0.000 BRL th from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of 2,793.000 BRL th in Jun 2007 and a record low of 0.000 BRL th in Mar 2019. Brazil Bank of America Merrill Lynch: Income Statement: OOIE: Investment Income 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.

Brazil Bank of America Merrill Lynch: Income Statement: Net Non-Operating Income data was reported at 0.000 BRL th in Mar 2019. This records an increase from the previous number of -17.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Income Statement: Net Non-Operating Income data is updated quarterly, averaging -13.000 BRL th from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of 175,064.000 BRL th in Dec 2007 and a record low of -4,156.000 BRL th in Dec 2013. Brazil Bank of America Merrill Lynch: Income Statement: Net Non-Operating Income 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.

Brazil Bank of America Merrill Lynch: Prudential: Income Statement: NII: Interest Expenses: Foreign Exchange Net Income 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: NII: Interest Expenses: Foreign Exchange Net Income 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 -24,141.000 BRL th in Mar 2015. Brazil Bank of America Merrill Lynch: Prudential: Income Statement: NII: Interest Expenses: Foreign Exchange Net Income 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.

The statistic shows the revenue of Bank of America in 2014, by business segment. In that year, the revenue of Consumer and Business Banking segment amounted to 29.86 billion U.S. dollars.

Graph and download economic data for Total Revenue for Investment Banking and Securities Dealing, Establishments Subject to Federal Income Tax, Employer Firms (REVEF52311TAXABL) from 1998 to 2022 about finance companies, employer firms, accounting, companies, revenue, finance, establishments, investment, tax, financial, securities, services, banks, depository institutions, and USA.

Brazil Bank of America Merrill Lynch: Income Statement: Net Interest Income (NII) data was reported at 329,057.000 BRL th in Mar 2019. This records a decrease from the previous number of 623,287.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Income Statement: Net Interest Income (NII) data is updated quarterly, averaging 30,072.000 BRL th from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of 1,323,260.000 BRL th in Dec 2015 and a record low of -69,258.000 BRL th in Mar 2009. Brazil Bank of America Merrill Lynch: Income Statement: Net Interest Income (NII) 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.

Brazil Bank of America Merrill Lynch: Income Statement: OOIE: Personnel Expenses data was reported at -158,799.000 BRL th in Mar 2019. This records an increase from the previous number of -249,862.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Income Statement: OOIE: Personnel Expenses data is updated quarterly, averaging -53,931.000 BRL th from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of -6,271.000 BRL th in Sep 2004 and a record low of -311,036.000 BRL th in Dec 2015. Brazil Bank of America Merrill Lynch: Income Statement: OOIE: Personnel Expenses 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.

The revenue net of interest income of Bank of America fluctuated considerably between 2007 and 2024. In 2024, the revenue net of interest income of the bank amounted to approximately 101.9 billion U.S. dollars. In comparison, this figure was much lower in 2007, at roughly 67 billion U.S. dollars.

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.

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.

Graph and download economic data for Sources of Revenue: Brokering and Dealing Investment Company Securities for Investment Banking and Securities Dealing and Brokerage, All Establishments, Employer Firms (REVICSEF5231YALLEST) from 2013 to 2022 about brokers, finance companies, employer firms, accounting, companies, revenue, finance, establishments, investment, financial, securities, services, banks, depository institutions, and USA.