Bank of America Corporation is a Banking and Financial Services company headquartered in Charlotte, North Carolina. In FY2025, it reported $113.1B in revenue and $30.5B in net income. It had about 213,000 employees and is led by Brian Moynihan.
How Bank of America Makes Money
Bank of America makes money through consumer banking, deposits, credit cards, wealth management, investment banking, trading, corporate lending, treasury services, and digital banking. Its customers include consumers, small businesses, corporations, institutions, governments, and wealth-management clients. The business model depends on scale, risk selection, customer relationships, distribution, technology, and disciplined capital allocation.
Bank of America Strategy
Bank of America is focused on responsible growth, deposit scale, digital engagement, wealth-management flows, global markets, payments, treasury services, and disciplined expense management. The main risks are bank of america faces rate-cycle pressure, credit losses, regulatory capital requirements, deposit competition, market volatility, cybersecurity risk, and conduct scrutiny. The profile was refreshed on 2026-07-21 from annual-report, earnings-release, and regulatory sources.
