Bank of America Corporation +

Company

Ticker

BAC

JPM

Headquarter

Charlotte ,NC

New York City ,NY

CEO

Mr. Brian Thomas Moynihan

Mr. James Dimon

Ms. Jane Nind Fraser Ph.D.

Industry

Banks - Diversified

Stock Price

Market Cap

$339.39 B

$761.36 B

$146.34 B

Employees

Years

2023
2024

2022
2023
2024

2022
2023
2024

Employees

213.00 K
213.00 K

293.72 K
309.93 K
317.23 K

240.00 K
239.00 K
229.00 K

Y/Y

2.4%

8.37%

5.52%

2.36%

7.43%

0.42%

4.18%

Income Statement

Revenue

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Revenue

$115.05 B
$171.91 B
$192.43 B

$153.82 B
$145.67 B
$270.79 B

$100.22 B
$70.70 B
$170.71 B

Y/Y

22.59%

49.42%

11.94%

20.89%

5.3%

85.89%

25.48%

29.46%

141.45%

Revenue by Products / Services

Revenue by Geography

Research and Development

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Research and Development

Y/Y

Operating Income

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Operating Income

$30.97 B
$28.34 B
$29.25 B

$46.17 B
$61.61 B
$75.08 B

$18.81 B
$26.38 B
$17.05 B

Y/Y

8.85%

8.48%

3.22%

22.49%

33.46%

21.86%

31.53%

40.28%

35.39%

Tax Rate (%)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Tax Rate (%)

11.00%
6.00%
7.00%

18.00%
20.00%
22.00%

19.00%
27.00%
25.00%

Y/Y

88.95%

41.94%

12.4%

2.44%

6.42%

13.03%

2.37%

41.09%

9.62%

Net Income

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Net Income

$27.53 B
$26.52 B
$27.13 B

$37.68 B
$49.55 B
$58.47 B

$14.85 B
$9.23 B
$12.68 B

Y/Y

13.92%

3.68%

2.33%

22.05%

31.52%

18%

32.38%

37.84%

37.43%

Revenue Per Employee

Years

2023
2024

2022
2023
2024

2022
2023
2024

Revenue Per Employee

$807.10 K
$903.45 K

$523.70 K
$470.02 K
$853.60 K

$417.58 K
$295.82 K
$745.45 K

Y/Y

78.88%

11.94%

11.55%

10.25%

81.61%

16.8%

29.16%

152%

Net Income Per Employee

Years

2023
2024

2022
2023
2024

2022
2023
2024

Net Income Per Employee

$124.48 K
$127.38 K

$128.27 K
$159.88 K
$184.32 K

$61.85 K
$38.61 K
$55.38 K

Y/Y

19.03%

2.33%

28.07%

24.65%

15.28%

37.05%

37.58%

43.43%

Assets & Liabilities | Cash Flow

Total Assets

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Total Assets

$3.05 T
$3.18 T
$3.26 T

$3.67 T
$3.88 T
$4.00 T

$2.42 T
$2.41 T
$2.35 T

Y/Y

3.73%

4.22%

2.56%

2.08%

5.72%

3.29%

5.47%

0.2%

2.44%

Total Liabilities

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Total Liabilities

$2.78 T
$2.89 T
$2.97 T

$3.37 T
$3.55 T
$3.66 T

$2.21 T
$2.21 T
$2.14 T

Y/Y

4.18%

3.97%

2.68%

2.2%

5.16%

3.12%

6.04%

0.42%

2.81%

Capital Expenditures (Capex)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Capital Expenditures (Capex)

-$5.63 B
-$6.58 B
-$6.50 B

Y/Y

36.73%

16.89%

1.26%

Profitability

Operating Income Margin (%)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Operating Income Margin (%)

32.62%
28.75%
28.71%

30.01%
42.30%
27.73%

18.77%
37.32%
9.99%

Y/Y

14.45%

11.86%

0.14%

35.89%

40.95%

34.44%

45.42%

98.83%

73.23%

Net Income Margin (%)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Net Income Margin (%)

28.99%
26.90%
26.63%

24.49%
34.02%
21.59%

14.81%
13.05%
7.43%

Y/Y

19.2%

7.21%

35.54%

38.91%

36.54%

46.13%

11.88%

43.07%

EBITDA

2021	35874000000.00
2022	32947000000.00
2023	30399000000.00
2024	31443000000.00

2021	67494000000.00
2022	53217000000.00
2023	69124000000.00
2024	83019000000.00

2021	31433000000.00
2022	23069000000.00
2023	17470000000.00
2024	21357000000.00

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

EBITDA

$32.95 B
$30.40 B
$31.44 B

$53.22 B
$69.12 B
$83.02 B

$23.07 B
$17.47 B
$21.36 B

Y/Y

8.16%

7.73%

3.43%

21.15%

29.89%

20.1%

26.61%

24.27%

22.25%

Free Cash Flow (FCF)

2021	-7193000000.00
2022	-6327000000.00
2023	44982000000.00
2024	-8805000000.00

2021	78084000000.00
2022	107119000000.00
2023	12974000000.00
2024	-42012000000.00

2021	57130000000.00
2022	19437000000.00
2023	-79999000000.00
2024	-26169000000.00

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Free Cash Flow (FCF)

-$6.33 B
$44.98 B
-$8.81 B

$107.12 B
$12.97 B
-$42.01 B

$19.44 B
-$80.00 B
-$26.17 B

Y/Y

12.04%

810.95%

119.57%

37.18%

87.89%

423.82%

65.98%

511.58%

67.29%

Ratios

Return on Equity (ROE)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Return on Equity (ROE)

10.08%
9.09%
9.18%

12.89%
15.11%
16.96%

7.38%
4.49%
6.08%

Y/Y

14.86%

9.82%

0.99%

21.55%

17.22%

12.24%

32.11%

39.16%

35.41%

Return on Assets (ROA)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Return on Assets (ROA)

0.90%
0.83%
0.83%

1.03%
1.28%
1.46%

0.61%
0.38%
0.54%

Y/Y

10.89%

7.78%

20.16%

24.27%

14.06%

36.46%

37.7%

42.11%

Debt to Equity

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Debt to Equity

182.49%
211.97%
222.77%

159.66%
133.14%
131.78%

158.41%
157.74%
160.98%

Y/Y

0.67%

16.15%

5.1%

0.09%

16.61%

1.02%

13.31%

0.42%

2.05%

Valuation

Enterprise Value

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Enterprise value

$529.81 B
$547.09 B
$708.42 B

$297.21 B
$312.24 B
$673.90 B

$81.70 B
$162.43 B
$193.11 B

Y/Y

2.14%

3.26%

29.49%

43.72%

5.06%

115.83%

47.8%

98.81%

18.89%

Enterprise value to Revenue

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Enterprise value to Revenue

5.58
5.55
6.95

1.93
1.32
2.49

1.09
2.07
2.71

Y/Y

4.14%

0.54%

25.29%

18.88%

31.6%

88.32%

50.17%

90.74%

30.76%

Enterprise value to EBITDA

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

Enterprise value to EBITDA

16.08
18.00
24.22

5.58
4.52
8.12

3.54
5.93
10.89

Y/Y

11.22%

11.92%

34.56%

82.28%

19.12%

79.7%

28.87%

67.54%

83.51%

Bank of America Corporation Competitors & Alternatives

Income Statement

Assets & Liabilities | Cash Flow

Profitability

Ratios

Valuation

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