Bank of America Financial Performance from Time to Time

Bank of America Financial Performance from Time to Time

Bank of America Financial Performance from Time to Time-Bank of America is a multinational investment bank and financial holding company. Officially, this company has its main office in Charlotte, North Carolina, U.S. with 4,600 retail financial centers & approximately 16,200 ATMs across the U.S.A. Along with the development of its banking business, the company can employ more than 208,000 employees until December 2021.

Bank of America Financial Performance from Time to Time- The Picture of Bank of America

Bank of America does the business in four segments namely Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Market. Consumer Banking offers a diversified range of credit, banking, and investment products and services to consumers and small businesses, namely traditional savings accounts, money market savings accounts, CDs, and IRAs. GWIM provides a high-touch client experience through a network of financial advisors. Basically, they provide comprehensive wealth management solutions targeted to high net worth and ultra-high net worth clients. Global Banking provides a wide range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services through the Corporation’s network of offices and clients.

The Assets, Liabilities, and Equities of Bank of America

YearsAssetsLiabilitiesEquities
Million US DollarsMillion US DollarsMillion US Dollars
20162,188,0671,921,872266,195
20172,281,2342,014,088267,146
20182,354,5072,089,182265,325
20192,434,0792,169,269264,810
20202,819,6272,546,703272,924
20213,169,4952,899,429270,066
Source : Bank of America Annual Report, 2016-2021

Financially, based on the balance sheet report, from 2016 to 2021, the assets are in stable conditions. In 2016, the assets were 2,188 billion US Dollars with liabilities of 1,921 billion US dollars. Meanwhile, in 2021, the assets become 3,169 billion US Dollars with liabilities of 2,899 billion US dollars.

Bank of America Financial Performance from Time to Time- The Assets, Liabilities, an Equities of Bank of America

Based on some financial parameters from 2015 to 2021, the average Debt-to-Assets ratio (DAR) of the company is about 0.89. This value means that the percentage of liabilities is 89% of the Assets. Based on the Debt-to-Equity ratio (DER), the average value of DER from 2016 to 2021 is 8.4. Basically, this value means that the percentage of liabilities is 840% of the equity or 8.4 times more than equity.

The Revenue and Net Income of Bank of America

YearsRevenueNet Income
Million US DollarsMillion US Dollars
201582,96515,910
201683,70117,822
201787,12618,232
201891,02028,147
201991,24421,430
202085,52817,894
202189,11331,978
Source : Bank of America Annual Report, 2016-2021

Based on the financial performance from 2016 to 2021, in the Income statement, the revenue of Bank of America in 2015 is 82.9 billion US. Dollar and net income are 15.9 billion US. Dollar. Meanwhile, in 2021, the revenue becomes 89.1 billion US Dollars and the net income becomes 31.9 billion US dollars.

Bank of America Financial Performance from Time to Time- The Net Interest Income and non-interest Income

Based on the composition of the revenue, the source of revenue can be divided into two kinds, namely net interest income and non-interest income. In 2015 the net interest income of Bank of America is 38,958 million US dollars and its non-interest income is 44,007 million US. Dollar. Meanwhile, in 2021, the net interest income of the company is 42,934 million US. Dollar and Non-interest income are 46,179 million US. Dollar.



Bibliography of Bank of America Financial Performance from Time to Time

BankofAmerica. 2022. Investor Relations. Accessed via https://investor.bankofamerica.com/  on April 14th, 2022.

Wikipedia. 2022. BankofAmerica. Accessed via https://en.wikipedia.org/wiki/Bank_of_America  on April 14th, 2022.

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