Bank of America: total assets 2023 | Statista (2024)

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Bank of America: total assets 2023 | Statista? ›

In 2023, the total assets of the bank of America amounted to approximately 3.18 trillion U.S. dollars.

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.

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.

Bank Of America revenue for the twelve months ending March 31, 2024 was $179.518B, a 37.07% increase year-over-year. Bank Of America annual revenue for 2023 was $171.912B, a 49.42% increase from 2022.

Bank of America is the second-largest bank with over $2.45 trillion in assets. Wells Fargo is the third-largest bank, holding over $1.7 trillion in assets.

As of December 31, 2023, the largest bank in the world in terms of market capitalization was the U.S.-based JPMorgan Chase.

JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.

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.

Market cap: $290.83 Billion

As of April 2024 Bank of America has a market cap of $290.83 Billion. This makes Bank of America the world's 33th most valuable company by market cap according to our data.

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Bank of America's Financial Health

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.

The ownership structure of Bank of America (BAC) stock is a mix of institutional, retail and individual investors. Approximately 34.31% of the company's stock is owned by Institutional Investors, 27.44% is owned by Insiders and 38.25% is owned by Public Companies and Individual Investors.

The bank said that its unrealized losses on a $587 billion portfolio of bonds that are classified as held to maturity for accounting purposes widened by $11 billion to $109 billion on March 31 from $98 billion at year-end 2023.

Bank of America is one of the largest consumer banks in the United States, with over $3 trillion in assets. The largest shareholder is Berkshire Hathaway, along with fund managers like BlackRock and Vanguard.

JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs. With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country.

About JPMorgan Chase

JPMorgan Chase had $3.7 trillion in assets and $303 billion in stockholders' equity as of March 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.