Bank of America
Fortune Rankings
50 Best Large Workplaces in Financial Services and Insurance 2023
Employees say:
"Love that we can all bring our whole selves to work. This no longer applies just to a specific race or to a specific gender, we can all feel secure with being who we truly are, professionally."
Employees say:
"Love that we can all bring our whole selves to work. This no longer applies just to a specific race or to a specific gender, we can all feel secure with being who we truly are, professionally."
Courtesy of Bank of America
- Updated:4/4/2024
- Country:U.S.
- Headquarters:Charlotte
- Industry:Commercial Banks
- CEO:Brian T. Moynihan
- Website:https://www.bankofamerica.com
- Ticker:BAC
- Company type:Public
- Revenues ($M):$171,912
- Profits ($M):$26,515
- Market value ($M):$292,348
- Number of employees:212,985
Figures are for fiscal year ended Dec. 31, 2023. Market value as of March 22, 2024. Source: S&P Global.
- $ Millions% change
- Revenues ($M):$115,05322.6%
- Profits ($M):$27,528-13.9%
- Assets ($M):$3,051,375-
- Total Stockholder Equity ($M):$273,197-
- Profit as % of Revenues:23.9%
- Profits as % of Assets:0.9%
- Profits as % of Stockholder Equity:10.1%
- Earnings Per Share ($):3.19
- EPS % Change (from 2021):-10.6%
- EPS % Change (5 year annual rate):15.4%
- EPS % Change (10 year annual rate):29%
- Total Return to Investors (2022):-23.7%
- Total Return to Investors (5 year, annualized):4.7%
- Total Return to Investors (10 year, annualized):12.9%
- Industry:Financial Services & Insurance
- Industry Vertical:Banking/Credit Services
- Founded:1874
- City:Charlotte, N.C.
- Sites:5,011
- Worldwide Employees:171,651
- Total Worldwide [including U.S.] Revenue in the Latest Fiscal Year:$91,244,000,000
- Web Address:https://www.bankofamerica.com/
- Date info provided (companies may opt to keep some data confidential):Aug. 26, 2020
- Impact Segment:Economic Opportunity/Financial Inclusion
- Sector:Financials
- Prior Year Rank:15
- Sector:Financials
- Industry:Megabanks
- Current All-Star Rank:42
- Previous All-Star Rank:37
- Industry Rank:1
- Previous Industry Rank:5
- Overall Score:7.14
- Innovation:2
- People Management:1
- Use of Corporate Assets:1
- Social Responsibility:1
- Quality of Management:1
- Financial Soundness:2
- Long-Term Investment Value:2
- Quality of Products/Services:1
- Global Competitiveness:4
- Sector:Financials
- Culture rank:35
- Process rank:12
- Product rank:44
- Rank last year:63
- Years on list:6
- U.S. employees:213,000
- U.S. job openings:3,545
- Year founded:1904
- 100% health coverage:No
- Subsidized childcare:No
- Compressed work weeks:Yes
- Option to work remotely:Yes
- Minimum requirement in-office attendance (days per week):3
- Percentage of health care premiums covered:80
- Mental health coverage:Yes
- Free mental health sessions (per year):unlimited
- Free backup childcare time off (days):-
- Maximum $ amount covered for fertility services:$20,000
- Fully paid maternal leave (days):80
- Fully paid paternal leave (days):80
- Fully paid adoptive leave (days):80
- Maternal leave in addition to regular time off (days):80
- Paid days off for volunteering:Yes
- % Women:53%
- % Minorities:50%
- % African-American/Black:15%
- % Asian:14%
- % Caucasian/White:50%
- % Hispanic/Latino:19%
- % Native American/Alaska Native:-
- % Native Hawaiian/Pacific Islander:-
- % Two or more races:2%
- % Unknown ethnicity:-
