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 $3,180.151B, a 4.22% increase year-over-year.
What is the total assets of Bank of America? ›
Total assets on the balance sheet as of December 2023 : $3.180 T. According to Bank of America 's latest financial reports the company's total assets are $3.180 T. A company's total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.
How strong is Bank of America's balance sheet? ›
Bank of America (BAC) Balance Sheet
Bank of America's total assets for Q4 2023 were $3.18T, an increase of 0.86% from the previous quarter. BAC total liabilities were $2.89T for the fiscal quarter, a 0.78% a decrease from the previous quarter. See a summary of the company's assets, liabilities, and equity.
What are the total assets of the US Bank? ›
What is Bank of America's net worth? ›
Bank of America has a market cap or net worth of $302.07 billion as of April 24, 2024. Its market cap has increased by 27.85% in one year.
What is the total assets of Bank of America in billion? ›
Bank Of America total assets for the quarter ending March 31, 2024 were $3,180.151B, a 4.22% 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.
Which US bank has 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.
Is Bank of America in debt? ›
Total debt on the balance sheet as of December 2023 : $334.30 B. According to Bank of America 's latest financial reports the company's total debt is $334.30 B. A company's total debt is the sum of all current and non-current debts.
How financially stable is Bank of America? ›
Its financial health is crucial to the stability of the US banking system. In recent years, Bank of America's financial performance has been relatively stable. In 2022, the bank reported a net income of $20.4 billion, a decrease from the previous year's $27.4 billion.
How financially secure is Bank of America? ›
Is Bank of America trusted? Yes, Bank of America is a trusted financial institution. It's a member of the FDIC, so deposits are insured up to $250,000 per depositor.
List of largest banks in the United States
Rank | Bank name | Headquarters location |
---|
1 | JPMorgan Chase | New York City |
2 | Bank of America | Charlotte, North Carolina |
3 | Citigroup | New York City |
4 | Wells Fargo | San Francisco, California |
82 more rows
What does total assets mean? ›
What are total assets? Total assets are the representation of the worth of everything a person or company owns, which can you calculate by adding its owner's equity to its liabilities. Equity is how much the company is worth, or its capital, and liabilities are what it owes.
What family owns Bank of America? ›
Bank 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.
Who owns the most Bank of America stock? ›
Berkshire Hathaway Inc. owns the most shares of Bank of America (BAC).
Who owns Bank of America now? ›
Bank of America is primarily owned by Warren Buffet and his Berkshire Hathaway, with a 12.9% stake, followed by The Vanguard Group with 7.6% ownership and BlackRock with 5.9% ownership. Top individual investors comprise Brian T. Moynihan, CEO, and Chair of the Board, Geoffrey S. Greener, Chief Risk Officer, and Paul M.
Which bank has the most assets in the world? ›
Industrial and Commercial Bank of China Limited
Which bank has the biggest asset? ›
According to BusinessDay's findings, Access Bank top the list with total assets of N15 trillion, followed closely by Ecobank with total assets of N13. 37 trillion and Zenith Bank with total assets of N12. 29 trillion as of December 2022.
Which is the world's largest bank by total assets? ›
Industrial and Commercial Bank of China
Which is the top No. 1 bank in the world? ›