The eighth-largest bank in the world, Bank of America serves about 10.73% of all American bank deposits. The shares outstanding for Bank of America were 8.736 billion with a PE ratio of 14.09.
Bank Of America Net Worth
The Bank of America held a record of covering 11.46% of market share by domestic deposits in the United States. It gained 19.3 billion in purchase transactions. Today the net worth of BoA is estimated to be around 354.6 billion US dollars in the year 2021. The institution is spread with about 4600 retail financial centers and around 16,200 ATMs. It has its equity currently valued at `277.119 billion US dollars.
Bank Of America Monthly Turnover
The company enjoyed an increase of 10.51% year-over-year in its assets by the end of June 2021 as the total assets amounted to 3.03 trillion US dollars. While the company’s total liabilities stood at 2.75 trillion US dollars. Bank of America’s quarterly revenue for June of 2021 was 22.620 billion US Dollars with a decline of 5.82%. But received a rise of 172.96% year-over-year with the net income totaling 8.964 billion US dollars.
Bank Of America Annual Turnover
The company has generated a net income of 26.172 billion US dollars. From the annual turnover of 89.639 billion US dollars by the end of the third quarter of 2021. The group has earned 84.722 billion US dollars as the gross profit in its financial report. While the operating income of Bank of America stood at 27.873 billion dollars with an increase of 19.33% year-over-year