Bank of America, one of the largest financial institutions in the United States, experienced significant growth in its total assets between 2009 and 2024. The bank maintained a strong upward trajectory, with its asset base expanding consistently for nine consecutive years. However, this pattern of continuous growth came to an end in 2022, when the bank recorded its first year-over-year decline in total assets. Despite this temporary setback, Bank of America remained a financial powerhouse, with its total assets reaching approximately 3.26 trillion U.S. dollars by the end of 2024, cementing its position as one of the country's leading banking institutions.

Between 2014 and 2024, Bank of America's total assets were overwhelmingly concentrated in the United States. In 2024, the bank's total assets in the U.S. reached approximately 2.82 trillion U.S. dollars, the highest recorded during this period.

Graph and download economic data for Total Assets, All Commercial Banks (TLAACBW027SBOG) from 1973-01-03 to 2025-03-12 about assets, banks, depository institutions, and USA.

Bank of America's client assets reveal a significant concentration in brokerage assets and assets under management, with both categories approaching the 1.9 trillion U.S. dollar mark in 2024. This substantial portfolio underscores the bank's strong position in wealth management and investment services, highlighting its ability to attract and retain high-value clients in a competitive financial landscape.

United States Bank of America (BAC): Total Assets (TA) data was reported at 1,852,983,000.000 USD th in Dec 2019. This records an increase from the previous number of 1,812,976,000.000 USD th for Sep 2019. United States Bank of America (BAC): Total Assets (TA) data is updated quarterly, averaging 1,448,273,067.000 USD th from Dec 2000 (Median) to Dec 2019, with 77 observations. The data reached an all-time high of 1,852,983,000.000 USD th in Dec 2019 and a record low of 540,610,000.000 USD th in Mar 2002. United States Bank of America (BAC): Total Assets (TA) data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s United States – Table US.KB055: Financial Data: Federal Deposit Insurance Corporation: Bank of America.

Bank of America's retail customer assets surpassed the trillion-dollar mark in 2024, reaching 1.03 trillion U.S. dollars. This milestone reflects the bank's significant growth in consumer wealth management over the past decade, despite a slight decline from its peak of 1.13 trillion U.S. dollars in 2021.

Brazil Bank of America Merrill Lynch: Adjusted Total Assets data was reported at 19,123,608.000 BRL th in Mar 2019. This records an increase from the previous number of 17,456,093.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Adjusted Total Assets data is updated quarterly, averaging 4,208,329.000 BRL th from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of 26,287,989.000 BRL th in Sep 2015 and a record low of 173,454.000 BRL th in Dec 2002. Brazil Bank of America Merrill Lynch: Adjusted Total Assets 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.KBB053: Commercial Banks: Assets and Liabilities: Bank of America Merril Lynch.

Graph and download economic data for Banks with Total Assets from $1B to $10B (DISCONTINUED) (FREQ3) from Q1 1988 to Q3 2020 about assets, banks, depository institutions, and USA.

Brazil Bank of America Merrill Lynch: Prudential: Liabilities: Funding: Total Deposits: Saving 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: Liabilities: Funding: Total Deposits: Saving 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: Liabilities: Funding: Total Deposits: Saving 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.KBC053: Commercial Banks: Assets and Liabilities: Bank of America Merril Lynch.

Graph and download economic data for Total Assets for Commercial Banks in New Jersey (DISCONTINUED) (NJTAST) from Q1 1984 to Q3 2020 about NJ, commercial, assets, banks, depository institutions, and USA.

Brazil Bank of America Merrill Lynch: Prudential: Liabilities: Funding: Total Deposits: Others 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: Liabilities: Funding: Total Deposits: Others 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: Liabilities: Funding: Total Deposits: Others 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.KBC053: Commercial Banks: Assets and Liabilities: Bank of America Merril Lynch.

This statistic shows the total bank assets of banks in Latin American countries in 2014. In 2014, the total bank assets of Latin American banks amounted to 4,058 billion U.S. dollars.

Graph and download economic data for Total Equity to Total Assets, Banks with Total Assets from $300M to $1B (DISCONTINUED) (EQTA2) from Q1 1988 to Q3 2020 about equity, assets, banks, depository institutions, and USA.

Bank of America Merrill Lynch: Liabilities: Funding: Total Deposits: Demand Deposits data was reported at 993,540.000 BRL th in Mar 2019. This records an increase from the previous number of 900,180.000 BRL th for Dec 2018. Bank of America Merrill Lynch: Liabilities: Funding: Total Deposits: Demand Deposits 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 993,540.000 BRL th in Mar 2019 and a record low of 0.000 BRL th in Dec 2010. Bank of America Merrill Lynch: Liabilities: Funding: Total Deposits: Demand Deposits 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.KBB053: Commercial Banks: Assets and Liabilities: Bank of America Merril Lynch.

Graph and download economic data for Total Assets for Commercial Banks in Maryland (DISCONTINUED) (MDTAST) from Q1 1984 to Q3 2020 about MD, commercial, assets, banks, depository institutions, and USA.

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.

India Bank of America: Total Assets data was reported at 380,988.414 INR mn in 2018. This records an increase from the previous number of 348,451.251 INR mn for 2017. India Bank of America: Total Assets data is updated yearly, averaging 50,913.550 INR mn from Mar 1979 (Median) to 2018, with 40 observations. The data reached an all-time high of 380,988.414 INR mn in 2018 and a record low of 1,586.100 INR mn in 1979. India Bank of America: Total Assets 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.KBP007: Foreign Banks: Assets and Liabilities: Bank of America.

The average for 2013 based on 10 countries was 32.8 percent of total bank assets. The highest value was in Uruguay: 92 percent of total bank assets and the lowest value was in Ecuador: 12 percent of total bank assets. The indicator is available from 2005 to 2013. Below is a chart for all countries where data are available.

Brazil Bank of America Merrill Lynch: Prudential: Liabilities: Funding: Total Deposits: Time data was reported at 5,774,379.000 BRL th in Mar 2019. This records a decrease from the previous number of 6,478,712.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Prudential: Liabilities: Funding: Total Deposits: Time data is updated quarterly, averaging 5,525,402.000 BRL th from Mar 2014 (Median) to Mar 2019, with 21 observations. The data reached an all-time high of 10,125,071.000 BRL th in Sep 2017 and a record low of 931,255.000 BRL th in Dec 2014. Brazil Bank of America Merrill Lynch: Prudential: Liabilities: Funding: Total Deposits: Time 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.KBC053: Commercial Banks: Assets and Liabilities: Bank of America Merril Lynch.

Graph and download economic data for Total Assets for Commercial Banks in New York (DISCONTINUED) (NYTAST) from Q1 1984 to Q3 2020 about NY, commercial, assets, banks, depository institutions, and USA.