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24 - Bank of America Corp.

A Bank of America Corp. automatic teller machine (ATM) stands outside a branch in Chicago, Illinois, U.S., on Tuesday, July 11, 2017. Bank Of America Corp. is scheduled to release earnings figures on July 18. Photographer: Christopher Dilts/Bloomberg via Getty Images Christopher Dilts — Bloomberg via Getty Images

President Donald Trump’s first year at the helm was a near perfect storm for banks. Not only did regulators seek to soften post-recession rules against Wall Street, the Federal Reserve also boosted interest rates—widened the spread between what the bank earns off loans, and what they payout to depositors. Bank of America was no exception. Consumer banking revenue, excluding net interest income, rose 9% in 2017. And displaying CEO Brian Moynihan’s deft cost-cutting hand, income in the segment rose 14%. That’s not to say the year was perfect–the ever-rising stock market kept investors complacent and trading revenues depressed.

Key Metrics & Financials (Last Fiscal Year)

Previous Rank26
Revenues ($M)$100264
Revenue Percent Change7.0%
Profits ($M)$18232.0
Profits Percent Change1.8%
Assets ($M)$2281234
Market Value — as of March 29, 2018 ($M)$306618
Employees209376

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Company Facts

Employees209376
SectorFinancials
IndustryCommercial Banks
HQ LocationCharlotte, N.C.
CEOBrian T. Moynihan
CEO Title-
Websitewww.bankofamerica.com
Years on Fortune 500 List24

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