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Bank of America Corporation
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Bank of America Corporation's Revenue by Segment

In fiscal year 2024, Bank of America Corporation's revenue by segment (products & services) are as follows:

  • Card income: $6.28 B
  • Debt securities: $26.01 B
  • Federal funds sold and securities borrowed or purchased under agreements to resell: $19.91 B
  • Investment And Brokerage Services: $17.77 B
  • Investment Banking Fees: $6.19 B
  • Loans and Leases: $61.99 B
  • Market making and similar activities: $12.97 B
  • other interest income: $28.32 B
  • Service Charges: $6.06 B
  • Trading account assets: $10.38 B

Learn more about Bank of America Corporation’s Revenue by Geography

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The above chart shows Bank of America Corporation's revenue percentage share by segment (products and services).

In fiscal year 2022, Bank of America Corporation's revenue by segment is as follows:

  • Card income generated $6.08 B in revenue, representing 5.16% of its total revenue.
  • Debt securities generated $17.13 B in revenue, representing 14.53% of its total revenue.
  • Federal funds sold and securities borrowed or purchased under agreements to resell generated $4.56 B in revenue, representing 3.87% of its total revenue.
  • Investment And Brokerage Services generated $15.90 B in revenue, representing 13.49% of its total revenue.
  • Investment Banking Fees generated $4.82 B in revenue, representing 4.09% of its total revenue.
  • Loans and Leases generated $37.92 B in revenue, representing 32.18% of its total revenue.
  • Market making and similar activities generated $12.08 B in revenue, representing 10.25% of its total revenue.
  • other interest income generated $7.44 B in revenue, representing 6.31% of its total revenue.
  • Service Charges generated $6.41 B in revenue, representing 5.43% of its total revenue.
  • Trading account assets generated $5.52 B in revenue, representing 4.68% of its total revenue.

The biggest segment for Bank of America Corporation is the Loans and Leases, which represents 32.18% of its total revenue.
The smallest segment for Bank of America Corporation is the Federal funds sold and securities borrowed or purchased under agreements to resell, which represents 3.87% of its total revenue.

The above chart shows Bank of America Corporation's revenue percentage share by segment (products and services).

In fiscal year 2023, Bank of America Corporation's revenue by segment is as follows:

  • Card income generated $6.05 B in revenue, representing 3.46% of its total revenue.
  • Debt securities generated $20.23 B in revenue, representing 11.56% of its total revenue.
  • Federal funds sold and securities borrowed or purchased under agreements to resell generated $18.68 B in revenue, representing 10.67% of its total revenue.
  • Investment And Brokerage Services generated $15.56 B in revenue, representing 8.89% of its total revenue.
  • Investment Banking Fees generated $4.71 B in revenue, representing 2.69% of its total revenue.
  • Loans and Leases generated $57.12 B in revenue, representing 32.64% of its total revenue.
  • Market making and similar activities generated $12.73 B in revenue, representing 7.28% of its total revenue.
  • other interest income generated $25.46 B in revenue, representing 14.55% of its total revenue.
  • Service Charges generated $5.68 B in revenue, representing 3.25% of its total revenue.
  • Trading account assets generated $8.77 B in revenue, representing 5.01% of its total revenue.

The biggest segment for Bank of America Corporation is the Loans and Leases, which represents 32.64% of its total revenue.
The smallest segment for Bank of America Corporation is the Investment Banking Fees, which represents 2.69% of its total revenue.

The above chart shows Bank of America Corporation's revenue percentage share by segment (products and services).

In fiscal year 2024, Bank of America Corporation's revenue by segment is as follows:

  • Card income generated $6.28 B in revenue, representing 3.21% of its total revenue.
  • Debt securities generated $26.01 B in revenue, representing 13.28% of its total revenue.
  • Federal funds sold and securities borrowed or purchased under agreements to resell generated $19.91 B in revenue, representing 10.17% of its total revenue.
  • Investment And Brokerage Services generated $17.77 B in revenue, representing 9.07% of its total revenue.
  • Investment Banking Fees generated $6.19 B in revenue, representing 3.16% of its total revenue.
  • Loans and Leases generated $61.99 B in revenue, representing 31.65% of its total revenue.
  • Market making and similar activities generated $12.97 B in revenue, representing 6.62% of its total revenue.
  • other interest income generated $28.32 B in revenue, representing 14.46% of its total revenue.
  • Service Charges generated $6.06 B in revenue, representing 3.09% of its total revenue.
  • Trading account assets generated $10.38 B in revenue, representing 5.3% of its total revenue.

The biggest segment for Bank of America Corporation is the Loans and Leases, which represents 31.65% of its total revenue.
The smallest segment for Bank of America Corporation is the Service Charges, which represents 3.09% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2022 2023 2024
Market making and similar activities 10.25% 7.28% 6.62%
Loans and Leases 32.18% 32.64% 31.65%
Debt securities 14.53% 11.56% 13.28%
Federal funds sold and securities borrowed or purchased under agreements to resell 3.87% 10.67% 10.17%
Trading account assets 4.68% 5.01% 5.3%
other interest income 6.31% 14.55% 14.46%
Card income 5.16% 3.46% 3.21%
Service Charges 5.43% 3.25% 3.09%
Investment And Brokerage Services 13.49% 8.89% 9.07%
Investment Banking Fees 4.09% 2.69% 3.16%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Bank of America Corporation.

In fiscal year 2024, the Loans and Leases generated the most revenue ($61.99 B), and the Service Charges generated the least revenue ($6.06 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Card income revenue increased 3.8% ($230.00 M) from $6.05 B (in 2023) to $6.28 B (in 2024).
  • Debt securities revenue increased 28.58% ($5.78 B) from $20.23 B (in 2023) to $26.01 B (in 2024).
  • Federal funds sold and securities borrowed or purchased under agreements to resell revenue increased 6.6% ($1.23 B) from $18.68 B (in 2023) to $19.91 B (in 2024).
  • Investment And Brokerage Services revenue increased 14.16% ($2.20 B) from $15.56 B (in 2023) to $17.77 B (in 2024).
  • Investment Banking Fees revenue increased 31.39% ($1.48 B) from $4.71 B (in 2023) to $6.19 B (in 2024).
  • Loans and Leases revenue increased 8.52% ($4.87 B) from $57.12 B (in 2023) to $61.99 B (in 2024).
  • Market making and similar activities revenue increased 1.85% ($235.00 M) from $12.73 B (in 2023) to $12.97 B (in 2024).
  • other interest income revenue increased 11.23% ($2.86 B) from $25.46 B (in 2023) to $28.32 B (in 2024).
  • Service Charges revenue increased 6.53% ($371.00 M) from $5.68 B (in 2023) to $6.06 B (in 2024).
  • Trading account assets revenue increased 18.27% ($1.60 B) from $8.77 B (in 2023) to $10.38 B (in 2024).
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    Summary Table

    Products & Services 2022
    Value Change
    		2023
    Value Change
    		2024
    Value Change
    Card income $6.08 B - $6.05 B
    0.48%
    		$6.28 B
    3.80%
    Debt securities $17.13 B - $20.23 B
    18.09%
    		$26.01 B
    28.58%
    Federal funds sold and securities borrowed or purchased under agreements to resell $4.56 B - $18.68 B
    309.63%
    		$19.91 B
    6.60%
    Investment And Brokerage Services $15.90 B - $15.56 B
    2.13%
    		$17.77 B
    14.16%
    Investment Banking Fees $4.82 B - $4.71 B
    2.38%
    		$6.19 B
    31.39%
    Loans and Leases $37.92 B - $57.12 B
    50.65%
    		$61.99 B
    8.52%
    Market making and similar activities $12.08 B - $12.73 B
    5.44%
    		$12.97 B
    1.85%
    other interest income $7.44 B - $25.46 B
    242.30%
    		$28.32 B
    11.23%
    Service Charges $6.41 B - $5.68 B
    11.26%
    		$6.06 B
    6.53%
    Trading account assets $5.52 B - $8.77 B
    58.90%
    		$10.38 B
    18.27%
    Total Revenue $117.85 B - $175.00 B
    48.49%
    		$195.87 B
    11.92%

    Frequently Asked Questions

    What was Bank of America Corporation's largest product segment last year?

    In fiscal year 2024, Loans and Leases revenue reached $61.99 Billion, representing 31.65% of Bank of America Corporation's total revenue and making it the largest segment for the company.

    Which product segment experienced the highest growth for Bank of America Corporation last year?

    The Investment Banking Fees segment is Bank of America Corporation's highest growth segment, with a revenue growth of +31.39% in 2024 compared to 2023.

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