Bank of America (BAC) Revenue & Revenue Breakdown
Bank of America Revenue Highlights
Latest Revenue (Y)
$94.19B
Latest Revenue (Q)
$48.53B
Main Segment (Y)
Investment and Brokerage Services
Main Geography (Y)
UNITED STATES
Bank of America Revenue by Period
Bank of America Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $94.19B | 1.93% |
| 2022-12-31 | $92.41B | -1.39% |
| 2021-12-31 | $93.71B | 26.28% |
| 2020-12-31 | $74.21B | -13.29% |
| 2019-12-31 | $85.58B | -2.46% |
| 2018-12-31 | $87.74B | 4.79% |
| 2017-12-31 | $83.73B | 4.53% |
| 2016-12-31 | $80.10B | 0.38% |
| 2015-12-31 | $79.80B | -4.56% |
| 2014-12-31 | $83.62B | -0.39% |
| 2013-12-31 | $83.95B | 14.11% |
| 2012-12-31 | $73.56B | -14.55% |
| 2011-12-31 | $86.09B | -17.97% |
| 2010-12-31 | $104.96B | -4.26% |
| 2009-12-31 | $109.63B | 51.75% |
| 2008-12-31 | $72.24B | 16.04% |
| 2007-12-31 | $62.26B | -10.28% |
| 2006-12-31 | $69.39B | 21.37% |
| 2005-12-31 | $57.17B | 12.07% |
| 2004-12-31 | $51.02B | 31.40% |
| 2003-12-31 | $38.83B | 10.54% |
| 2002-12-31 | $35.12B | 0.03% |
| 2001-12-31 | $35.11B | 6.55% |
| 2000-12-31 | $32.96B | 1.26% |
| 1999-12-31 | $32.55B | 3.31% |
| 1998-12-31 | $31.50B | 141.35% |
| 1997-12-31 | $13.05B | 29.98% |
| 1996-12-31 | $10.04B | 17.64% |
| 1995-12-31 | $8.54B | 9.34% |
| 1994-12-31 | $7.81B | 14.44% |
| 1993-12-31 | $6.82B | - |
Bank of America generated $94.19B in revenue during NA 2023, up 1.93% compared to the previous quarter, and up 107.35% compared to the same period a year ago.
Bank of America Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $48.53B | 87.97% |
| 2024-03-31 | $25.82B | 23.80% |
| 2023-12-31 | $20.86B | -12.86% |
| 2023-09-30 | $23.93B | -0.58% |
| 2023-06-30 | $24.07B | -4.96% |
| 2023-03-31 | $25.33B | 8.05% |
| 2022-12-31 | $23.44B | -0.69% |
| 2022-09-30 | $23.60B | 6.49% |
| 2022-06-30 | $22.16B | -4.45% |
| 2022-03-31 | $23.20B | 2.88% |
| 2021-12-31 | $22.55B | -3.60% |
| 2021-09-30 | $23.39B | 1.31% |
| 2021-06-30 | $23.09B | -6.46% |
| 2021-03-31 | $24.68B | 23.12% |
| 2020-12-31 | $20.05B | 5.80% |
| 2020-09-30 | $18.95B | 10.10% |
| 2020-06-30 | $17.21B | -4.43% |
| 2020-03-31 | $18.01B | -15.89% |
| 2019-12-31 | $21.41B | 7.28% |
| 2019-09-30 | $19.96B | -10.22% |
| 2019-06-30 | $22.23B | 1.07% |
| 2019-03-31 | $21.99B | 1.01% |
| 2018-12-31 | $21.77B | -1.07% |
| 2018-09-30 | $22.01B | -1.97% |
| 2018-06-30 | $22.45B | 0.97% |
| 2018-03-31 | $22.24B | 14.41% |
| 2017-12-31 | $19.43B | -7.47% |
| 2017-09-30 | $21.00B | -4.97% |
| 2017-06-30 | $22.10B | 3.22% |
| 2017-03-31 | $21.41B | 11.43% |
| 2016-12-31 | $19.22B | -7.55% |
| 2016-09-30 | $20.79B | 1.90% |
| 2016-06-30 | $20.40B | 4.54% |
| 2016-03-31 | $19.51B | 0.11% |
| 2015-12-31 | $19.49B | -5.90% |
| 2015-09-30 | $20.71B | -5.97% |
| 2015-06-30 | $22.03B | 4.03% |
| 2015-03-31 | $21.18B | 12.96% |
| 2014-12-31 | $18.75B | -11.58% |
| 2014-09-30 | $21.20B | -0.89% |
| 2014-06-30 | $21.39B | -1.80% |
| 2014-03-31 | $21.78B | 3.65% |
| 2013-12-31 | $21.01B | 3.28% |
| 2013-09-30 | $20.35B | -7.72% |
| 2013-06-30 | $22.05B | -2.59% |
| 2013-03-31 | $22.63B | 36.86% |
| 2012-12-31 | $16.54B | -19.07% |
| 2012-09-30 | $20.43B | -5.42% |
| 2012-06-30 | $21.61B | 0.25% |
| 2012-03-31 | $21.55B | 0.51% |
| 2011-12-31 | $21.44B | -20.85% |
| 2011-09-30 | $27.09B | 124.48% |
| 2011-06-30 | $12.07B | -52.65% |
| 2011-03-31 | $25.49B | -28.83% |
| 2010-12-31 | $35.81B | 84.35% |
| 2010-09-30 | $19.43B | -26.73% |
| 2010-06-30 | $26.51B | -17.00% |
| 2010-03-31 | $31.95B | 53.17% |
| 2009-12-31 | $20.86B | -19.75% |
| 2009-09-30 | $25.99B | -3.14% |
| 2009-06-30 | $26.83B | -22.36% |
| 2009-03-31 | $34.56B | 167.11% |
| 2008-12-31 | $12.94B | -34.07% |
| 2008-09-30 | $19.62B | -3.42% |
| 2008-06-30 | $20.32B | 19.48% |
| 2008-03-31 | $17.00B | 97.53% |
| 2007-12-31 | $8.61B | - |
Bank of America generated $48.53B in revenue during Q2 2024, up 87.97% compared to the previous quarter, and up 191.61% compared to the same period a year ago.
Bank of America Revenue Breakdown
Bank of America Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Investment and Brokerage Services | $15.56B | $15.90B | $16.69B | $14.57B | $13.90B |
| Investment And Brokerage Services, Asset Management Fees | $12.00B | $12.15B | $12.73B | $10.71B | $10.24B |
| Investment Banking Income, Financial Advisory Services | $1.57B | $1.78B | $2.31B | $1.62B | $1.46B |
| Investment Banking Income, Underwriting Income | $2.23B | $1.97B | $5.08B | $4.70B | $3.00B |
| Investment Banking Income, Syndication Fees | $898.00M | $1.07B | $1.50B | $861.00M | $1.18B |
| Investment Banking Fees | $4.71B | $4.82B | $8.89B | $7.18B | $5.64B |
| Investment And Brokerage Services, Brokerage Fees | $3.56B | $3.75B | $3.96B | $3.87B | $3.66B |
Bank of America's latest annual revenue breakdown by segment (product or service), as of Dec 23: Investment and Brokerage Services (38.39%), Investment And Brokerage Services, Asset Management Fees (29.60%), Investment Banking Fees (11.61%), Investment And Brokerage Services, Brokerage Fees (8.78%), Investment Banking Income, Underwriting Income (5.51%), Investment Banking Income, Financial Advisory Services (3.88%), and Investment Banking Income, Syndication Fees (2.21%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investment And Brokerage Services, Asset Management Fees | $3.37B | $6.12B | $2.97B | $2.92B | $2.84B | $2.92B | $3.10B | $3.29B | $3.29B | $3.28B | $3.16B | $3.00B | $2.80B | $2.74B | $2.48B | $2.68B | $2.65B | $2.60B | $2.55B | $2.44B |
| Investment Banking Income, Financial Advisory Services | $374.00M | $837.00M | $375.00M | $363.00M | $486.00M | $432.00M | $392.00M | $473.00M | $850.00M | $654.00M | $407.00M | $400.00M | $549.00M | $397.00M | $406.00M | $269.00M | $377.00M | $452.00M | $288.00M | $343.00M |
| Investment Banking Income, Underwriting Income | $869.00M | $1.01B | $657.00M | $569.00M | $411.00M | $452.00M | $435.00M | $672.00M | $1.05B | $1.17B | $1.31B | $1.55B | $1.09B | $1.24B | $1.52B | $848.00M | $800.00M | $740.00M | $792.00M | $666.00M |
| Investment Banking Income, Syndication Fees | $318.00M | $487.00M | $180.00M | $231.00M | $174.00M | $283.00M | $301.00M | $312.00M | $452.00M | $346.00M | $401.00M | $300.00M | $227.00M | $133.00M | $230.00M | $271.00M | $297.00M | $341.00M | $291.00M | $255.00M |
| Investment Banking Fees | $1.56B | $2.33B | $1.21B | $1.16B | $1.07B | $1.17B | $1.13B | $1.46B | $2.35B | $2.17B | $2.12B | $2.25B | $1.86B | $1.77B | $2.16B | $1.39B | $1.47B | $1.53B | $1.37B | $1.26B |
| Investment and Brokerage Services | $4.32B | $7.87B | $3.84B | $3.85B | $3.72B | $3.79B | $4.09B | $4.29B | $4.27B | $4.24B | $4.12B | $4.06B | $3.77B | $3.62B | $3.42B | $3.76B | $3.58B | $3.49B | $3.47B | $3.36B |
| Investment And Brokerage Services, Brokerage Fees | $950.00M | $1.76B | $870.00M | $934.00M | $879.00M | $875.00M | $989.00M | $1.01B | $973.00M | $960.00M | $967.00M | $1.06B | $968.00M | $883.00M | $939.00M | $1.08B | $928.00M | $897.00M | $916.00M | $920.00M |
Bank of America's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Investment and Brokerage Services (36.73%), Investment And Brokerage Services, Asset Management Fees (28.65%), Investment Banking Fees (13.27%), Investment And Brokerage Services, Brokerage Fees (8.08%), Investment Banking Income, Underwriting Income (7.39%), Investment Banking Income, Financial Advisory Services (3.18%), and Investment Banking Income, Syndication Fees (2.70%).
Bank of America Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Asia | $4.95B | $4.60B | $4.44B | $4.23B | $3.49B |
| UNITED STATES | $85.57B | $82.89B | $78.01B | $75.58B | $81.24B |
| Non-US | $13.01B | $12.06B | $11.10B | $9.95B | $10.01B |
| Latin America | $1.67B | $1.42B | $1.24B | $1.23B | $1.21B |
| EMEA | $6.39B | $6.04B | $5.42B | $4.49B | $5.31B |
Bank of America's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (76.68%), Non-US (11.66%), EMEA (5.73%), Asia (4.44%), and Latin America (1.49%).
Bank of America Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| JPM | JPMorgan Chase | $154.95B | $50.20B |
| BAC | Bank of America | $94.19B | $48.53B |
| WFC | Wells Fargo & Company | $82.60B | $20.69B |
| HSBC | HSBC | $63.02B | $38.41B |
| RY | Royal Bank of Canada | $56.26B | $32.98B |
| TD | Toronto-Dominion Bank | $52.93B | $29.35B |
| BMO | Bank of Montreal | $33.05B | $19.49B |
| BNS | Bank of Nova Scotia | $31.79B | $18.56B |
| C | Citigroup | $23.56B | $20.14B |
| CM | Canadian Imperial Bank of Commerce | $23.29B | $15.53B |
| NU | Nu | $7.01B | $2.46B |
BAC Revenue FAQ
What is Bank of America’s yearly revenue?
Bank of America's yearly revenue for 2023 was $94.19B, representing an increase of 1.93% compared to 2022. The company's yearly revenue for 2022 was $92.41B, representing a decrease of -1.39% compared to 2021. BAC's yearly revenue for 2021 was $93.71B, representing an increase of 26.28% compared to 2020.
What is Bank of America’s quarterly revenue?
Bank of America's quarterly revenue for Q2 2024 was $48.53B, a 87.97% increase from the previous quarter (Q1 2024), and a 101.60% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $25.82B, a 23.80% increase from the previous quarter (Q4 2023), and a 1.94% increase year-over-year (Q1 2023). BAC's quarterly revenue for Q4 2023 was $20.86B, a -12.86% decrease from the previous quarter (Q3 2023), and a -11.03% decrease year-over-year (Q4 2022).
What is Bank of America’s revenue growth rate?
Bank of America's revenue growth rate for the last 3 years (2021-2023) was 0.51%, and for the last 5 years (2019-2023) was 10.05%.
What are Bank of America’s revenue streams?
Bank of America's revenue streams in c 23 are Investment and Brokerage Services, Investment And Brokerage Services, Asset Management Fees, Investment Banking Income, Financial Advisory Services, Investment Banking Income, Underwriting Income, Investment Banking Income, Syndication Fees, Investment Banking Fees, and Investment And Brokerage Services, Brokerage Fees. Investment and Brokerage Services generated $15.56B in revenue, accounting 38.39% of the company's total revenue, down -2.13% year-over-year. Investment And Brokerage Services, Asset Management Fees generated $12B in revenue, accounting 29.60% of the company's total revenue, down -1.23% year-over-year. Investment Banking Income, Financial Advisory Services generated $1.58B in revenue, accounting 3.88% of the company's total revenue, down -11.67% year-over-year. Investment Banking Income, Underwriting Income generated $2.24B in revenue, accounting 5.51% of the company's total revenue, up 13.45% year-over-year. Investment Banking Income, Syndication Fees generated $898M in revenue, accounting 2.21% of the company's total revenue, down -16.07% year-over-year. Investment Banking Fees generated $4.71B in revenue, accounting 11.61% of the company's total revenue, down -2.38% year-over-year. Investment And Brokerage Services, Brokerage Fees generated $3.56B in revenue, accounting 8.78% of the company's total revenue, down -5.01% year-over-year.
What is Bank of America’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Bank of America was Investment and Brokerage Services. This segment made a revenue of $15.56B, representing 38.39% of the company's total revenue.