FAQs
Bank Of America total assets from 2010 to 2024. Total assets can be defined as the sum of all assets on a company's balance sheet. Bank Of America total assets for the quarter ending March 31, 2024 were $3,273.803B, a 2.48% increase year-over-year.
What are the total assets of Bank of America? ›
What is the return on average assets for Bank of America? ›
Bank of America (Bank of America) ROA % : 0.83% (As of Mar. 2024)
How many assets does BAC have? ›
Bank of America Total Assets (Quarterly): 3.274T for March 31, 2024.
What were the assets of Bank of America in 2008? ›
Period-end assets were $1.83 trillion.
What are the assets of Bank of America in 2024? ›
Bank Of America total assets for the quarter ending March 31, 2024 were $3,273.803B, a 2.48% increase year-over-year. Bank Of America total assets for 2023 were $3180.151B, a 4.22% increase from 2022. Bank Of America total assets for 2022 were $3051.375B, a 3.73% decline from 2021.
What is the total amount of Bank of America? ›
Bank of America – $2.6 trillion
Bank of America is based in Charlotte, North Carolina, and ranks second with total assets of $2.550 trillion. The bank's domestic assets are $2.412 trillion, making up 95% of its total assets. It operates 3,744 domestic branches and 23 foreign branches.
What is the balance of assets of Bank of America? ›
Bank of America Balance Sheet
| Balance Sheet | Dec 23 | Dec 21 |
|---|
| Total Assets | $ 3.18T | $ 3.17T |
| Total Liabilities | $ 2.89T | $ 2.90T |
| Total Equity Gross Minority | $ 291.65B | $ 270.07B |
| Total Capitalization | $ 896.05B | $ 580.40B |
2 more rowsBank of America is a publicly held company owned by shareholders. Institutional investors own about 59% of its shares. The largest shareholder is Warren Buffett's Berkshire Hathaway, which owns about 13% of the shares.
What is the total debt of Bank of America? ›
According to Bank of America 's latest financial reports the company's total debt is $335.24 B. A company's total debt is the sum of all current and non-current debts.
What is Bank of America Financial Strength? Bank of America has the Financial Strength Rank of 4. GuruFocus Financial Strength Rank measures how strong a company's financial situation is.
What if Bank of America fails? ›
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government. If an FDIC-insured bank of savings association fails, the FDIC protects depositors against the loss of their insured deposits. FDIC insurance is backed by the full faith and credit of the United States government.
How rich is Bank of America? ›
Bank of America
| The Bank of America Corporate Center, headquarters of Bank of America in Charlotte, North Carolina. |
|---|
| AUM | US$1.62 trillion (2023) |
| Total assets | US$3.18 trillion (2023) |
| Total equity | US$292 billion (2023) |
| Owners | Berkshire Hathaway (12.8%) |
20 more rowsMarket cap: $308.82 Billion
As of June 2024 Bank of America has a market cap of $308.82 Billion. This makes Bank of America the world's 30th most valuable company by market cap according to our data.
Which Bank owns the most assets? ›
JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets. It has over $3.3 trillion in total assets, more than any bank in the country. Total assets include everything a bank owns, from loans and investments to physical assets like buildings and equipment.
How strong is Bank of America's balance sheet? ›
Bank of America Balance Sheet Health
Bank of America has total assets of $3,273.8B and total equity of $293.6B. Total deposits are $1,946.5B, and total loans are $1,035.9B. It earns a Net Interest Margin of 2.1%. It has sufficient allowance for bad loans, which are currently at 0.6% of total loans.
