Bank of America Corp
NYSE:BAC
Bank of America Corp
Revenue
Bank of America Corp
Revenue Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Revenue | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Bank of America Corp
NYSE:BAC
|
Revenue
$103.4B
|
CAGR 3-Years
5%
|
CAGR 5-Years
3%
|
CAGR 10-Years
2%
|
|
|
JPMorgan Chase & Co
NYSE:JPM
|
Revenue
$180.9B
|
CAGR 3-Years
15%
|
CAGR 5-Years
10%
|
CAGR 10-Years
7%
|
|
|
Wells Fargo & Co
NYSE:WFC
|
Revenue
$81.6B
|
CAGR 3-Years
1%
|
CAGR 5-Years
0%
|
CAGR 10-Years
0%
|
|
|
Citigroup Inc
NYSE:C
|
Revenue
$81.6B
|
CAGR 3-Years
5%
|
CAGR 5-Years
1%
|
CAGR 10-Years
1%
|
|
|
US Bancorp
NYSE:USB
|
Revenue
$27.6B
|
CAGR 3-Years
6%
|
CAGR 5-Years
4%
|
CAGR 10-Years
3%
|
|
Bank of America Corp
Revenue Breakdown
Breakdown by Geography
Bank of America Corp
|
Total Revenue:
101.9B
USD
|
|
United States:
88.5B
USD
|
|
Non-United States:
13.4B
USD
|
|
Europe, Middle East And Africa:
6.5B
USD
|
Breakdown by Segments
Bank of America Corp
Bank of America Corp
Glance View
Bank of America Corp., a behemoth in the financial services sector, has carved its niche by weaving a complex tapestry of banking operations that touch nearly every aspect of modern financial life. Founded in the early 20th century and headquartered in Charlotte, North Carolina, the company has grown from its roots as a regional player into a global powerhouse. This transformation was facilitated by a series of strategic acquisitions and mergers, including the pivotal acquisition of Merrill Lynch during the financial crisis of 2008. The move bolstered its presence in investment banking, providing a sturdy backbone to its diverse portfolio of services. Today, Bank of America operates through a well-oiled machinery of divisions, including retail banking, corporate, investment banking, and wealth management, each contributing to the overarching goal of financial superintendence. At the core of its revenue model lies a blend of interest income from loans and deposits, intertwined with non-interest income from service fees and advisory roles. Retail banking remains a cornerstone, serving millions of households with a spectrum of products from everyday checking accounts to mortgages. Meanwhile, its Global Wealth and Investment Management division caters to affluent clients, offering tailored solutions to grow and protect wealth, accentuated by the prestige of Merrill Lynch’s brokerage services. Corporate and investment banking, on the other hand, facilitates capital raising, mergers and acquisitions, and risk management for businesses of varying scales. These multifaceted operations not only generate substantial revenue streams from varied interest differentials and fees but also provide a solid foundation for sustainable growth in the ever-evolving finance landscape.
See Also
What is Bank of America Corp's Revenue?
Revenue
103.4B
USD
Based on the financial report for Mar 31, 2025, Bank of America Corp's Revenue amounts to 103.4B USD.
What is Bank of America Corp's Revenue growth rate?
Revenue CAGR 10Y
2%
Over the last year, the Revenue growth was 5%. The average annual Revenue growth rates for Bank of America Corp have been 5% over the past three years , 3% over the past five years , and 2% over the past ten years .
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