Bank Of America Profit Margin 2010-2024 | BAC
Current and historical gross margin, operating margin and net profit margin for Bank Of America (BAC) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Bank Of America net profit margin as of March 31, 2024 is 13.94%.
| Bank Of America Annual Profit Margins |
| Bank Of America Quarterly Profit Margins |
| Sector |
Industry |
Market Cap |
Revenue |
| Finance |
Banks - Major Regional |
$297.714B |
$171.912B |
|
Bank of America Corp. is one of the largest financial holding companies in the U.S. It has 5 business units: Consumer Banking, comprising Deposits & Consumer Lending businesses, provides credit, banking and investment products and services. Global Wealth & Investment Management, comprising Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management, offers wealth structuring, trust and banking needs and specialty asset management services. Global Banking, including Global Corporate Banking, Global Commercial Banking, Business Banking and Global Investment Banking, provides lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets offers sales & trading, market-making, financing, securities clearing, settlement and custody, and risk-management services. All Other comprises ALM activities, equity investments, the international consumer card business, liquidating businesses, etc.
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