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Bank of America (BAC) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Bank of America Revenue Highlights

Latest Revenue (Y)

$94.19B

Latest Revenue (Q)

$23.80B

Main Segment (Y)

Investment and Brokerage Services

Main Geography (Y)

UNITED STATES

Bank of America Revenue by Period

Bank of America Revenue by Year

DateRevenueChange
2023-12-31$94.19B1.93%
2022-12-31$92.41B-1.39%
2021-12-31$93.71B26.28%
2020-12-31$74.21B-13.29%
2019-12-31$85.58B-2.46%
2018-12-31$87.74B4.79%
2017-12-31$83.73B4.53%
2016-12-31$80.10B0.38%
2015-12-31$79.80B-4.56%
2014-12-31$83.62B-0.39%
2013-12-31$83.95B14.11%
2012-12-31$73.56B-14.55%
2011-12-31$86.09B-17.97%
2010-12-31$104.96B-4.26%
2009-12-31$109.63B51.75%
2008-12-31$72.24B16.04%
2007-12-31$62.26B-10.28%
2006-12-31$69.39B21.37%
2005-12-31$57.17B12.07%
2004-12-31$51.02B31.40%
2003-12-31$38.83B10.54%
2002-12-31$35.12B0.03%
2001-12-31$35.11B6.55%
2000-12-31$32.96B1.26%
1999-12-31$32.55B3.31%
1998-12-31$31.50B141.35%
1997-12-31$13.05B29.98%
1996-12-31$10.04B17.64%
1995-12-31$8.54B9.34%
1994-12-31$7.81B14.44%
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

DateRevenueChange
2024-09-29$23.80B-0.28%
2024-06-30$23.87B-2.57%
2024-03-31$24.50B9.10%
2023-12-31$22.45B-6.18%
2023-09-30$23.93B-0.58%
2023-06-30$24.07B-4.96%
2023-03-31$25.33B8.05%
2022-12-31$23.44B-0.69%
2022-09-30$23.60B6.49%
2022-06-30$22.16B-4.45%
2022-03-31$23.20B2.88%
2021-12-31$22.55B-3.60%
2021-09-30$23.39B1.31%
2021-06-30$23.09B-6.46%
2021-03-31$24.68B23.12%
2020-12-31$20.05B5.80%
2020-09-30$18.95B10.10%
2020-06-30$17.21B-4.43%
2020-03-31$18.01B-15.89%
2019-12-31$21.41B7.28%
2019-09-30$19.96B-10.22%
2019-06-30$22.23B1.07%
2019-03-31$21.99B1.01%
2018-12-31$21.77B-1.07%
2018-09-30$22.01B-1.97%
2018-06-30$22.45B0.97%
2018-03-31$22.24B14.41%
2017-12-31$19.43B-7.47%
2017-09-30$21.00B-4.97%
2017-06-30$22.10B3.22%
2017-03-31$21.41B11.43%
2016-12-31$19.22B-7.55%
2016-09-30$20.79B1.90%
2016-06-30$20.40B4.54%
2016-03-31$19.51B0.11%
2015-12-31$19.49B-5.90%
2015-09-30$20.71B-5.97%
2015-06-30$22.03B4.03%
2015-03-31$21.18B12.96%
2014-12-31$18.75B-11.58%
2014-09-30$21.20B-0.89%
2014-06-30$21.39B-1.80%
2014-03-31$21.78B3.65%
2013-12-31$21.01B3.28%
2013-09-30$20.35B-7.72%
2013-06-30$22.05B-2.59%
2013-03-31$22.63B36.86%
2012-12-31$16.54B-19.07%
2012-09-30$20.43B-5.42%
2012-06-30$21.61B0.25%
2012-03-31$21.55B0.51%
2011-12-31$21.44B-20.85%
2011-09-30$27.09B124.48%
2011-06-30$12.07B-52.65%
2011-03-31$25.49B-28.83%
2010-12-31$35.81B84.35%
2010-09-30$19.43B-26.73%
2010-06-30$26.51B-17.00%
2010-03-31$31.95B53.17%
2009-12-31$20.86B-19.75%
2009-09-30$25.99B-3.14%
2009-06-30$26.83B-22.36%
2009-03-31$34.56B167.11%
2008-12-31$12.94B-34.07%
2008-09-30$19.62B-3.42%
2008-06-30$20.32B19.48%
2008-03-31$17.00B97.53%
2007-12-31$8.61B-

Bank of America generated $23.80B in revenue during Q3 2024, up -0.28% compared to the previous quarter, and up 98.88% 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/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Investment and Brokerage Services$15.56B$15.90B$16.69B$14.57B$13.90B
Investment Banking Fees$4.71B$4.82B$8.89B$7.18B$5.64B
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 And Brokerage Services, Asset Management Fees$12.00B$12.15B$12.73B$10.71B$10.24B
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/ServiceSep 24Jun 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Investment And Brokerage Services, Brokerage Fees$1.01B$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
Investment Banking Income, Underwriting Income$742.00M$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
Investment Banking Income, Syndication Fees$274.00M$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
Investment Banking Income, Financial Advisory Services$387.00M$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
Investment Banking Fees$1.40B$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
Investment and Brokerage Services$4.55B$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
Investment And Brokerage Services, Asset Management Fees$3.53B$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

Bank of America's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Investment and Brokerage Services (38.21%), Investment And Brokerage Services, Asset Management Fees (29.69%), Investment Banking Fees (11.79%), Investment And Brokerage Services, Brokerage Fees (8.51%), Investment Banking Income, Underwriting Income (6.24%), Investment Banking Income, Financial Advisory Services (3.25%), and Investment Banking Income, Syndication Fees (2.30%).

Bank of America Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
UNITED STATES$85.57B$82.89B$78.01B$75.58B$81.24B
Asia$4.95B$4.60B$4.44B$4.23B$3.49B
EMEA$6.39B$6.04B$5.42B$4.49B$5.31B
Latin America$1.67B$1.42B$1.24B$1.23B$1.21B
Non-US$13.01B$12.06B$11.10B$9.95B$10.01B

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

TickerCompanyLast Year RevenueLast Quarter Revenue
JPMJPMorgan Chase$154.95B$42.65B
BACBank of America$94.19B$23.80B
WFCWells Fargo & Company$82.60B$19.30B
HSBCHSBC$63.02B$38.41B
RYRoyal Bank of Canada$56.26B$32.98B
TDToronto-Dominion Bank$52.93B$29.35B
BMOBank of Montreal$33.05B$19.49B
BNSBank of Nova Scotia$31.79B$18.56B
CCitigroup$23.56B$43.50B
CMCanadian Imperial Bank of Commerce$23.29B$15.53B
NUNu$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 Q3 2024 was $23.8B, a -0.28% decrease from the previous quarter (Q2 2024), and a -0.54% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $23.87B, a -2.57% decrease from the previous quarter (Q1 2024), and a -0.84% decrease year-over-year (Q2 2023). BAC's quarterly revenue for Q1 2024 was $24.5B, a 9.10% increase from the previous quarter (Q4 2023), and a -3.27% decrease year-over-year (Q1 2023).

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 Banking Fees, Investment Banking Income, Financial Advisory Services, Investment Banking Income, Underwriting Income, Investment Banking Income, Syndication Fees, Investment And Brokerage Services, Asset Management 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 Banking Fees generated $4.71B in revenue, accounting 11.61% of the company's total revenue, down -2.38% 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 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 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.