What is Bank of America?

Bank of America is one of the world’s largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading. (source)

Bank of America Employee Count

Number of Bank of America employees:

208,000 employees

Last updated 1/1/18

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Bank of America Revenue Totals

Bank of America annual revenue:

• 2021: $89.1 billion
• 2020: $85.5 billion
• 2019: $91.2 billion
• 2018: $91.2 billion
• 2017: $87.4 billion
• 2016: $83.7 billion
• 2015: $83 billion
• 2014: $85.9 billion
• 2013: $87.5 billion
• 2012: $83.3 billion
• 2011: $93.4 billion
• 2010: $110.2 billion
• 2009: $119.6 billion
• 2008: $72.7 billion

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Bank of America annual net income:

• 2021: $31.9 billion
• 2020: $17.9 billion
• 2019: $27.4 billion
• 2018: $28.1 billion
• 2017: $18.2 billion
• 2016: $17.8 billion
• 2015: $15.9 billion
• 2014: $5.5 billion
• 2013: $10.5 billion
• 2012: $4.1 billion
• 2011: $1.4 billion
• 2010: $2.3 billion loss
• 2009: $6.2 billion
• 2008: $4 billion

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Additional Bank of America Statistics

Number of Bank of America clients:

67 million

Last updated 9/8/18

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Number of countries Bank of America has clients in:

35

Last updated 9/8/18

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Number of Bank of America retail locations:

4,400

Last updated 9/8/18

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Number of Bank of America ATMs:

16,100

Last updated 9/8/18

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Number of Bank of America digital banking users:

36 million 

Last updated 9/8/18

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Number of Bank of America mobile banking users:

25 million

Last updated 9/8/18

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Recent Bank of America News

• Bank of America Becomes First Financial Institution Certified by J.D. Power for Customer Satisfaction with Financial Health Support, 03/08/2022
• Bank Of America Slashes Fees For Account Overdrafts, 01/12/2022
• Bank of America is giving workers $1 billion of stock, 01/27/2022
• Bank of America Sets Record-Breaking Year for Patents in 2021, 02/24/2022

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Please note that some of these numbers are easier to find than others. A few of these Bank of America stats come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.

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