Bank Of America Total Assets


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Bank of America Corporation is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina, United States. It is ranked 2nd on the list of largest banks in the United States by assets.

Bank profile:

Type Public

Traded as NYSE: BAC

S&P 100 component

S&P 500 component

ISIN US0605051046

Industry Banking, Financial services

Predecessor Bank America


Founded October 17, 1904; 113 years ago (as Bank of Italy)

February 1930; 87 years ago (as Bank of America)

October 2000; 17 years ago (current)

Founder Amadeo Giannini

Headquarters Charlotte, North Carolina, U.S.

Number of locations 4,600 retail financial centers & approximately 15,900 automated teller

Area served Worldwide

Key people Brian Moynihan

(Chairman and CEO)

Products Consumer banking, corporate banking, insurance, investment banking, mortgage
loans, private banking, private equity, wealth management, credit cards,

Revenue US$89.701 billion (2016)

Net income US$17.906 billion (2016)

AUM US$886.148 billion (2016)

Total assets US$2.187 trillion (2016)

Total equity US$266.84 billion (2016)

Owner Berkshire Hathaway (7.09%)

Number of employees 208,000 (2016)

Divisions Bank of America Home Loans, Bank of America Merrill Lynch

Subsidiaries Merrill Lynch

Merrill Edge

U.S. Trust

Capital ratio 10.8% (2016)

Rating Long Term Senior

Moody’s: Baa1 (10/2016)

S&P: BBB+ (10/2016)

Fitch: A (10/2016)