The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. Founded in San Francisco, Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase, and the eighth largest bank in the world. Bank of America is one of the Big Four banking institutions of the United States. It services approximately 10 percent of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
| Revenue (TTM) | $113.93B |
| Gross Profit (TTM) | $113.93B |
| EBITDA | — |
| Operating Margin | 38.30% |
| Return on Equity | 11.20% |
| Return on Assets | 0.97% |
| Revenue/Share (TTM) | $15.59 |
| Book Value | $39.34 |
| Price-to-Book | 1.63 |
| Price-to-Sales (TTM) | 3.92 |
| EV/Revenue | 7.34 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 34.10% |
| Quarterly Revenue Growth (YoY) | 16.80% |
| Shares Outstanding | $6.99B |
| Float | $6.97B |
| % Insiders | 7.03% |
| % Institutions | 71.61% |
Volatility is currently contracting
Bank of America has appointed Yuta Komori as chair of Asia Pacific Global Industrials Investment Banking (GIG), while naming Meng Gao and Masashi Toda as co-heads of the group, according to an internal memo reviewed by Reuters on Wednesday.
Funding will help provide emergency shelter, meals and recovery support for families and communities impacted by the Spokane Area and Other Western Wildfires Key points Bank of America is directing $250,000 to the American Red Cross to support relief and recovery efforts following the wildfires across the Pacific Northwest and western mountain states, including in and around Spokane, WA. Funding will help provide emergency shelter, meals, supplies and other critical assistance to individuals and families affected by the wildfires.
BAC, C, DB and HSBC are among six banks agreeing to an $86.4M settlement over alleged Mexican bond market manipulation.
Berkshire's latest portfolio moves signal a bigger bet on Alphabet and housing stocks. Here are the ETFs that offer exposure to its top buys.
BAC invests $1.9 billion for up to a 49.9% stake in Jio Credit, expanding its India presence and exposure to the growing financial-services market.
It's no happenstance that Brian Moynihan regularly jams “gainsay,” “concomitant” and “fantods” into otherwise ordinary sentences in analyst calls.
Key points Bank of America's investment, including the equity shares and warrants (if fully subscribed), would be ₹18,268 crore (~$1.9 billion USD[1]). Jio Credit receives further capital to support its growth in India and expertise of a global financial services firm.
BAC plans to acquire MDSec to strengthen cybersecurity, adding 65 specialists as AI and digital banking raise cyber risks.
Initiative aims to help strengthen and modernize America's infrastructure, supporting energy security, U.S. job growth and economic competitiveness Key points Bank of America's Critical Infrastructure Finance Initiative to help drive transformative infrastructure investment across the United States, honoring America's 250th anniversary Bank of America to support the development of digital, energy and power, and core infrastructure that enhances national competitiveness by strengthening energy security, accelerating technological leadership and enabling long-term economic growth Initiative to help create tens of thousands of jobs and advance community development Capital to be mobilized and deployed over 18 months, from America's 250th year in 2026 through July 4, 2027 CHARLOTTE, N.C., Aug. 12, 2026 /PRNewswire/ -- In celebration of America's 250th anniversary, Bank of America today announced the Critical Infrastructure Finance Initiative to mobilize and deploy $250 billion to support U.S. infrastructure development through financing, investment and advisory solutions.
Bank of America said on Wednesday it plans to deploy $250 billion through July next year to support U.S. digital and infrastructure projects, an initiative it says will bolster the country's economic growth and help create tens of thousands of jobs.
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