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Bank Of America Corporation  (NYSE: BAC)
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    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial

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Description of Bank Of America's Business Segments


Bank of America Corporation (BoA) stands as one of the largest financial institutions in the United States, offering an extensive array of products and services across various segments. The organization caters to individual consumers, small businesses, corporate clients, and institutional investors, emphasizing customer satisfaction, digital innovation, and comprehensive financial solutions. Below is a detailed examination of the operational segments, products, and services provided by Bank of America.

1. Deposits
The Deposits segment is critical in providing banking products that allow individuals and small businesses to manage their finances conveniently. Key offerings include:

- Traditional Savings Accounts: These accounts ensure customers can safely save money while earning interest on their deposits, providing liquidity and easy access to funds.

- Money Market Savings Accounts: Offering higher interest rates than standard savings accounts, these accounts usually provide check-writing capabilities, allowing for easier management of funds.

- Certificates of Deposit (CDs): Fixed-term deposits that promise attractive interest rates in exchange for clients committing their funds for specified time periods. The terms vary, allowing for various investment strategies.

- Individual Retirement Accounts (IRAs): These accounts promote retirement savings with tax advantages. Options include traditional and Roth IRAs, catering to different retirement needs and preferences.

- Checking Accounts: Customers can choose between non-interest and interest-bearing checking accounts, which provide a straightforward way to manage day-to-day transactions.

In this segment, Bank of America also offers services like student lending options and small business banking solutions. Revenue generation occurs through net interest income and service fees, including account maintenance fees, overdraft charges, and ATM fees.

Global Card Services
The Global Card Services segment provides a robust selection of credit and debit card products designed for both consumers and businesses:

- U.S. Consumer and Business Cards: A diverse range of credit cards tailored to different consumer and business needs, featuring various rewards programs, cash-back options, and promotional interest rates.

- Consumer Lending Options: These services include personal loans and lines of credit to facilitate consumer spending.

- International Card Services: Specifically designed for travelers, these services include credit and debit card options that offer global acceptance and security features.

- Debit Cards: Allowing convenient access to funds from linked checking accounts, these cards ensure that customers can manage their daily transactions efficiently.

The cards and services are monitored on a managed basis, allowing Bank of America to present a comprehensive view of credit performance.

Home Loans & Insurance
Bank of America's Home Loans & Insurance segment offers various solutions for home financing and protection, including:

- Mortgage Loans: Available as fixed-rate and adjustable-rate mortgages for purchasing or refinancing homes, tailored to different consumer preferences and market conditions.

- Home Equity Lines of Credit (HELOC): These lines allow homeowners to leverage their home equity for various needs, such as home improvements, education expenses, or debt consolidation.

- Reverse Mortgages: Designed primarily for seniors, this product enables them to convert a portion of home equity into cash without requiring monthly mortgage payments, allowing for greater financial flexibility.

- Insurance Products: A suite of insurance options, including property, casualty, life, and credit insurance, which enhances financial security for homeowners.

Global Consumer and Small Business Banking
This segment focuses on establishing robust relationships with individual consumers and small businesses:

- Consumer Banking: Reaching approximately 33 million households nationwide through an extensive network of banking centers and ATMs, offering various deposit products and credit services.

- Consumer Products: This encompasses credit card issuance, mortgage loans, student lending, and associated insurance services, improving the convenience of access to financial services.

- Small Business Banking: Providing tailored banking and financing solutions that empower small businesses with the necessary tools to grow and thrive, focusing on accessibility and customer service.

Global Banking
Global Banking caters to corporate and institutional clients with an integrated suite of financial services, which includes:

- Lending Solutions: This encompasses commercial loans, corporate lending strategies, real estate financing, and leasing options.

- Treasury Solutions: Offering comprehensive cash management and treasury services, including trade finance and diverse foreign exchange solutions.

- Investment Banking Services: Providing expertise in debt and equity underwriting, merger and acquisition advisory services, and strategic hedging strategies.

Global Markets
This segment is dedicated to institutional investors, providing critical financial services and products:

- Advisory Services: Offering consulting on trading strategies, financial risk management, and capital market services related to debt and equity offerings.

- Securities Clearing and Settlement: Ensuring efficient and secure transaction processing for securities trades.

- Market-Making Activities: Acting as intermediaries in securities markets to enhance liquidity for various asset classes.

Global Business and Financial Services
This segment is designed to provide customized financial solutions across multiple client types:

- Global Treasury Services: Facilitating treasury management and trade finance across numerous global markets.

- Middle Market Banking: Catering to mid-sized businesses with targeted commercial lending and treasury management services.

- Commercial Real Estate Banking: Specializing in financing solutions for commercial projects and community development initiatives.

- Leasing Solutions: Providing tailored leasing services to corporations, municipalities, and other entities.

8. Global Capital Markets and Investment Banking
This segment covers an extensive range of advisory and financing services, including:

- Global Investment Banking: Focused on capital raising through debt and equity markets, investment banking experts provide guidance on mergers and acquisitions.

- Global Credit Products: Managing credit facilities and lending services for corporations while overseeing credit risk management.

9. Global Wealth and Investment Management
Targeted towards high-net-worth individuals and institutional investors, this segment includes:

- Premier Banking and Banc of America Investments: Personalized banking and investment services for affluent clients.

- The Private Bank: Offering comprehensive wealth management services, including financial planning, trust services, and investment advisory.

- Columbia Management Group: Providing asset management services, offering diverse investment strategies for institutional clients.

10. All Other
This segment captures diverse operations, including:

- Latin American Operations: Providing various financial services tailored to the needs of the Latin American market.

- Equity Investments: Holding strategic investments that support the bank's capital position and strategic objectives.

In summary, Bank of America Corporation presents a comprehensive range of financial products and services addressing the needs of individual consumers, small businesses, corporate clients, and institutional investors worldwide. This extensive array of offerings, coupled with a strong commitment to customer service, positions Bank of America as a leader in the global banking sector.


Composition of Bank Of America Corporation Revenues by Segments

 
Investment and brokerage services    17.94 % of total Revenue
Asset management fees    13.94 % of total Revenue
Brokerage fees    4 % of total Revenue
Total investment banking fees    5.54 % of total Revenue
Underwriting income    2.93 % of total Revenue
Syndication fees    1.08 % of total Revenue
Financial advisory services    1.53 % of total Revenue
Consumer Banking    8.44 % of total Revenue
Consumer Banking Investment and brokerage services    0.32 % of total Revenue
Consumer Banking Asset management fees    0.21 % of total Revenue
Consumer Banking Brokerage fees    0.11 % of total Revenue
Global Wealth Investment Management    15.99 % of total Revenue
Global Wealth Investment Management Investment and brokerage services    15.29 % of total Revenue
Global Wealth Investment Management Asset management fees    13.74 % of total Revenue
Global Wealth Investment Management Brokerage fees    1.55 % of total Revenue
Global Wealth Investment Management Total investment banking fees    0.25 % of total Revenue
Global Wealth Investment Management Underwriting income    0.25 % of total Revenue
Global Banking    10.27 % of total Revenue
Global Banking Investment and brokerage services    0.12 % of total Revenue
Global Banking Brokerage fees    0.12 % of total Revenue
Global Banking Total investment banking fees    3.09 % of total Revenue
Global Banking Underwriting income    1.12 % of total Revenue
Global Banking Syndication fees    0.58 % of total Revenue
Global Banking Financial advisory services    1.38 % of total Revenue
Global Markets    18.67 % of total Revenue
Global Markets Investment and brokerage services    2.22 % of total Revenue
Global Markets Brokerage fees    2.22 % of total Revenue
Global Markets Total investment banking fees    2.32 % of total Revenue
Global Markets Underwriting income    1.68 % of total Revenue
Global Markets Syndication fees    0.5 % of total Revenue
Global Markets Financial advisory services    0.14 % of total Revenue
All Other    -8.49 % of total Revenue
All Other Investment and brokerage services    -0 % of total Revenue
All Other Asset management fees    -0 % of total Revenue
All Other Total investment banking fees    -0.13 % of total Revenue
All Other Underwriting income    -0.13 % of total Revenue

Q3 three months ended (Sep 30 2024)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Investment and brokerage services 4,546.00 17.94 %
Asset management fees 3,533.00 13.94 %
Brokerage fees 1,013.00 4 %
Total investment banking fees 1,403.00 5.54 %
Underwriting income 742.00 2.93 %
Syndication fees 274.00 1.08 %
Financial advisory services 387.00 1.53 %
Consumer Banking 2,140.00 8.44 %
Consumer Banking Investment and brokerage services 80.00 0.32 %
Consumer Banking Asset management fees 52.00 0.21 %
Consumer Banking Brokerage fees 28.00 0.11 %
Global Wealth Investment Management 4,053.00 15.99 %
Global Wealth Investment Management Investment and brokerage services 3,874.00 15.29 %
Global Wealth Investment Management Asset management fees 3,482.00 13.74 %
Global Wealth Investment Management Brokerage fees 392.00 1.55 %
Global Wealth Investment Management Total investment banking fees 64.00 0.25 %
Global Wealth Investment Management Underwriting income 64.00 0.25 %
Global Banking 2,604.00 10.27 %
Global Banking Investment and brokerage services 31.00 0.12 %
Global Banking Brokerage fees 31.00 0.12 %
Global Banking Total investment banking fees 783.00 3.09 %
Global Banking Underwriting income 285.00 1.12 %
Global Banking Syndication fees 147.00 0.58 %
Global Banking Financial advisory services 351.00 1.38 %
Global Markets 4,732.00 18.67 %
Global Markets Investment and brokerage services 562.00 2.22 %
Global Markets Brokerage fees 562.00 2.22 %
Global Markets Total investment banking fees 589.00 2.32 %
Global Markets Underwriting income 426.00 1.68 %
Global Markets Syndication fees 127.00 0.5 %
Global Markets Financial advisory services 36.00 0.14 %
All Other -2,151.00 -8.49 %
All Other Investment and brokerage services -1.00 -0 %
All Other Asset management fees -1.00 -0 %
All Other Total investment banking fees -33.00 -0.13 %
All Other Underwriting income -33.00 -0.13 %
Total 25,345.00 100 %




Q3 three months ended (Sep 30 2024)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Investment and brokerage services 14.71 % 5.23 %
Asset management fees 13.86 % 4.84 %
Brokerage fees 17.79 % 6.63 %
Total investment banking fees 18.1 % -10.12 %
Underwriting income 39.74 % -14.61 %
Syndication fees 31.1 % -13.84 %
Financial advisory services -13.62 % 3.48 %
Consumer Banking 2.84 % -79.03 %
Consumer Banking Investment and brokerage services 0 % -
Consumer Banking Asset management fees 1.96 % -
Consumer Banking Brokerage fees -3.45 % -
Global Wealth Investment Management 13.66 % -
Global Wealth Investment Management Investment and brokerage services 14.08 % -
Global Wealth Investment Management Asset management fees 14.01 % -
Global Wealth Investment Management Brokerage fees 14.62 % -
Global Wealth Investment Management Total investment banking fees 42.22 % -
Global Wealth Investment Management Underwriting income 42.22 % -
Global Banking 0.54 % -56.98 %
Global Banking Investment and brokerage services 121.43 % -
Global Banking Brokerage fees 121.43 % -
Global Banking Total investment banking fees 5.38 % -
Global Banking Underwriting income 23.91 % -
Global Banking Syndication fees 25.64 % -
Global Banking Financial advisory services -11.36 % -
Global Markets 10.87 % -
Global Markets Investment and brokerage services 18.32 % -
Global Markets Brokerage fees 18.32 % -
Global Markets Total investment banking fees 27.21 % -
Global Markets Underwriting income 33.96 % -
Global Markets Syndication fees 38.04 % -
Global Markets Financial advisory services -32.08 % -
All Other - -
All Other Investment and brokerage services - -
All Other Asset management fees - -
All Other Total investment banking fees - -
All Other Underwriting income - -
Total - -




Q3 three months ended (Sep 30 2024)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Consumer Banking 3,582.00 167.38 %
Global Banking 2,614.00 100.38 %
Global Markets 2,180.00 46.07 %
All Other -2,320.00 -
Total 6,896.00 27.21 %




Q3 three months ended (Sep 30 2024)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Consumer Banking -6.21 % 3.5 %
Global Banking -25.7 % -10.45 %
Global Markets 26.67 % 9.77 %
All Other - -
Total - -0.01 %




Annual Report on Bank Of America Corporation Divisions, Sales by Country

 
Investment and brokerage services   Investment and brokerage services Segment contribution to total sales 17.44 % of total Revenue
Asset management fees   Asset management fees Segment contribution to total sales 13.62 % of total Revenue
Brokerage fees   Brokerage fees Segment contribution to total sales 3.82 % of total Revenue
Total investment banking fees   Total investment banking fees Segment contribution to total sales 6.07 % of total Revenue
Underwriting income   Underwriting income Segment contribution to total sales 3.21 % of total Revenue
Syndication fees   Syndication fees Segment contribution to total sales 1.2 % of total Revenue
Financial advisory services   Financial advisory services Segment contribution to total sales 1.66 % of total Revenue
Consumer Banking   Consumer Banking Segment contribution to total sales 8.2 % of total Revenue
Consumer Banking Investment and brokerage services   Consumer Banking Investment and brokerage services Segment contribution to total sales 0.31 % of total Revenue
Consumer Banking Asset management fees   Consumer Banking Asset management fees Segment contribution to total sales 0.2 % of total Revenue
Consumer Banking Brokerage fees   Consumer Banking Brokerage fees Segment contribution to total sales 0.11 % of total Revenue
Global Wealth Investment Management   Global Wealth Investment Management Segment contribution to total sales 15.66 % of total Revenue
Global Wealth Investment Management Investment and brokerage services   Global Wealth Investment Management Investment and brokerage services Segment contribution to total sales 14.96 % of total Revenue
Global Wealth Investment Management Asset management fees   Global Wealth Investment Management Asset management fees Segment contribution to total sales 13.41 % of total Revenue
Global Wealth Investment Management Brokerage fees   Global Wealth Investment Management Brokerage fees Segment contribution to total sales 1.54 % of total Revenue
Global Wealth Investment Management Total investment banking fees   Global Wealth Investment Management Total investment banking fees Segment contribution to total sales 0.24 % of total Revenue
Global Wealth Investment Management Underwriting income   Global Wealth Investment Management Underwriting income Segment contribution to total sales 0.24 % of total Revenue
Global Banking   Global Banking Segment contribution to total sales 10.52 % of total Revenue
Global Banking Investment and brokerage services   Global Banking Investment and brokerage services Segment contribution to total sales 0.09 % of total Revenue
Global Banking Brokerage fees   Global Banking Brokerage fees Segment contribution to total sales 0.09 % of total Revenue
Global Banking Total investment banking fees   Global Banking Total investment banking fees Segment contribution to total sales 3.39 % of total Revenue
Global Banking Underwriting income   Global Banking Underwriting income Segment contribution to total sales 1.28 % of total Revenue
Global Banking Syndication fees   Global Banking Syndication fees Segment contribution to total sales 0.63 % of total Revenue
Global Banking Financial advisory services   Global Banking Financial advisory services Segment contribution to total sales 1.48 % of total Revenue
Global Markets   Global Markets Segment contribution to total sales 18.1 % of total Revenue
Global Markets Investment and brokerage services   Global Markets Investment and brokerage services Segment contribution to total sales 2.09 % of total Revenue
Global Markets Brokerage fees   Global Markets Brokerage fees Segment contribution to total sales 2.09 % of total Revenue
Global Markets Total investment banking fees   Global Markets Total investment banking fees Segment contribution to total sales 2.61 % of total Revenue
Global Markets Underwriting income   Global Markets Underwriting income Segment contribution to total sales 1.86 % of total Revenue
Global Markets Syndication fees   Global Markets Syndication fees Segment contribution to total sales 0.57 % of total Revenue
Global Markets Financial advisory services   Global Markets Financial advisory services Segment contribution to total sales 0.18 % of total Revenue
All Other   All Other Segment contribution to total sales -7.51 % of total Revenue
All Other Investment and brokerage services   All Other Investment and brokerage services Segment contribution to total sales -0.01 % of total Revenue
All Other Total investment banking fees   All Other Total investment banking fees Segment contribution to total sales -0.16 % of total Revenue
All Other Underwriting income   All Other Underwriting income Segment contribution to total sales -0.16 % of total Revenue
Brokerage commissions and asset management fee revenue Global Markets   Brokerage commissions and asset management fee revenue Global Markets Segment contribution to total sales 2.06 % of total Revenue
Trading Derivatives and Securities   Trading Derivatives and Securities Segment contribution to total sales 17.59 % of total Revenue
Trading Derivatives and Securities Market making and similar activities   Trading Derivatives and Securities Market making and similar activities Segment contribution to total sales 12.54 % of total Revenue
Trading Derivatives and Securities Net Interest Income   Trading Derivatives and Securities Net Interest Income Segment contribution to total sales 2.52 % of total Revenue
Trading Derivatives and Securities Other   Trading Derivatives and Securities Other Segment contribution to total sales 2.52 % of total Revenue
Trading Derivatives and Securities Interest rate risk   Trading Derivatives and Securities Interest rate risk Segment contribution to total sales 3.97 % of total Revenue
Trading Derivatives and Securities Interest rate risk Market making and similar activities   Trading Derivatives and Securities Interest rate risk Market making and similar activities Segment contribution to total sales 2.2 % of total Revenue
Trading Derivatives and Securities Interest rate risk Net Interest Income   Trading Derivatives and Securities Interest rate risk Net Interest Income Segment contribution to total sales 1.35 % of total Revenue
Trading Derivatives and Securities Interest rate risk Other   Trading Derivatives and Securities Interest rate risk Other Segment contribution to total sales 0.41 % of total Revenue
Trading Derivatives and Securities Foreign exchange risk   Trading Derivatives and Securities Foreign exchange risk Segment contribution to total sales 2.05 % of total Revenue
Trading Derivatives and Securities Foreign exchange risk Market making and similar activities   Trading Derivatives and Securities Foreign exchange risk Market making and similar activities Segment contribution to total sales 1.83 % of total Revenue
Trading Derivatives and Securities Foreign exchange risk Net Interest Income   Trading Derivatives and Securities Foreign exchange risk Net Interest Income Segment contribution to total sales 0.12 % of total Revenue
Trading Derivatives and Securities Foreign exchange risk Other   Trading Derivatives and Securities Foreign exchange risk Other Segment contribution to total sales 0.1 % of total Revenue
Trading Derivatives and Securities Equity risk   Trading Derivatives and Securities Equity risk Segment contribution to total sales 7.3 % of total Revenue
Trading Derivatives and Securities Equity risk Market making and similar activities   Trading Derivatives and Securities Equity risk Market making and similar activities Segment contribution to total sales 6.93 % of total Revenue
Trading Derivatives and Securities Equity risk Net Interest Income   Trading Derivatives and Securities Equity risk Net Interest Income Segment contribution to total sales -1.46 % of total Revenue
Trading Derivatives and Securities Equity risk Other   Trading Derivatives and Securities Equity risk Other Segment contribution to total sales 1.83 % of total Revenue
Trading Derivatives and Securities Credit risk   Trading Derivatives and Securities Credit risk Segment contribution to total sales 4.19 % of total Revenue
Trading Derivatives and Securities Credit risk Market making and similar activities   Trading Derivatives and Securities Credit risk Market making and similar activities Segment contribution to total sales 1.18 % of total Revenue
Trading Derivatives and Securities Credit risk Net Interest Income   Trading Derivatives and Securities Credit risk Net Interest Income Segment contribution to total sales 2.42 % of total Revenue
Trading Derivatives and Securities Credit risk Other   Trading Derivatives and Securities Credit risk Other Segment contribution to total sales 0.58 % of total Revenue
Trading Derivatives and Securities Other risk   Trading Derivatives and Securities Other risk Segment contribution to total sales 0.08 % of total Revenue
Trading Derivatives and Securities Other risk Market making and similar activities   Trading Derivatives and Securities Other risk Market making and similar activities Segment contribution to total sales 0.39 % of total Revenue
Trading Derivatives and Securities Other risk Net Interest Income   Trading Derivatives and Securities Other risk Net Interest Income Segment contribution to total sales 0.09 % of total Revenue
Trading Derivatives and Securities Other risk Other   Trading Derivatives and Securities Other risk Other Segment contribution to total sales -0.4 % of total Revenue
All Other Brokerage fees   All Other Brokerage fees Segment contribution to total sales -0.01 % of total Revenue


Twelve months ended 2024
BAC s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Investment and brokerage services 17,766.00 17.44 %
Asset management fees 13,875.00 13.62 %
Brokerage fees 3,891.00 3.82 %
Total investment banking fees 6,186.00 6.07 %
Underwriting income 3,275.00 3.21 %
Syndication fees 1,221.00 1.2 %
Financial advisory services 1,690.00 1.66 %
Consumer Banking 8,358.00 8.2 %
Consumer Banking Investment and brokerage services 320.00 0.31 %
Consumer Banking Asset management fees 207.00 0.2 %
Consumer Banking Brokerage fees 113.00 0.11 %
Global Wealth Investment Management 15,960.00 15.66 %
Global Wealth Investment Management Investment and brokerage services 15,238.00 14.96 %
Global Wealth Investment Management Asset management fees 13,668.00 13.41 %
Global Wealth Investment Management Brokerage fees 1,570.00 1.54 %
Global Wealth Investment Management Total investment banking fees 246.00 0.24 %
Global Wealth Investment Management Underwriting income 246.00 0.24 %
Global Banking 10,723.00 10.52 %
Global Banking Investment and brokerage services 91.00 0.09 %
Global Banking Brokerage fees 91.00 0.09 %
Global Banking Total investment banking fees 3,453.00 3.39 %
Global Banking Underwriting income 1,305.00 1.28 %
Global Banking Syndication fees 644.00 0.63 %
Global Banking Financial advisory services 1,504.00 1.48 %
Global Markets 18,437.00 18.1 %
Global Markets Investment and brokerage services 2,128.00 2.09 %
Global Markets Brokerage fees 2,128.00 2.09 %
Global Markets Total investment banking fees 2,655.00 2.61 %
Global Markets Underwriting income 1,892.00 1.86 %
Global Markets Syndication fees 577.00 0.57 %
Global Markets Financial advisory services 186.00 0.18 %
All Other -7,651.00 -7.51 %
All Other Investment and brokerage services -11.00 -0.01 %
All Other Total investment banking fees -168.00 -0.16 %
All Other Underwriting income -168.00 -0.16 %
Total 101,887.00 100 %
Brokerage commissions and asset management fee revenue Global Markets 2,100.00 2.06 %
Trading Derivatives and Securities 17,917.00 17.59 %
Trading Derivatives and Securities Market making and similar activities 12,776.00 12.54 %
Trading Derivatives and Securities Net Interest Income 2,572.00 2.52 %
Trading Derivatives and Securities Other 2,569.00 2.52 %
Trading Derivatives and Securities Interest rate risk 4,043.00 3.97 %
Trading Derivatives and Securities Interest rate risk Market making and similar activities 2,245.00 2.2 %
Trading Derivatives and Securities Interest rate risk Net Interest Income 1,378.00 1.35 %
Trading Derivatives and Securities Interest rate risk Other 420.00 0.41 %
Trading Derivatives and Securities Foreign exchange risk 2,084.00 2.05 %
Trading Derivatives and Securities Foreign exchange risk Market making and similar activities 1,866.00 1.83 %
Trading Derivatives and Securities Foreign exchange risk Net Interest Income 120.00 0.12 %
Trading Derivatives and Securities Foreign exchange risk Other 98.00 0.1 %
Trading Derivatives and Securities Equity risk 7,441.00 7.3 %
Trading Derivatives and Securities Equity risk Market making and similar activities 7,065.00 6.93 %
Trading Derivatives and Securities Equity risk Net Interest Income -1,485.00 -1.46 %
Trading Derivatives and Securities Equity risk Other 1,861.00 1.83 %
Trading Derivatives and Securities Credit risk 4,267.00 4.19 %
Trading Derivatives and Securities Credit risk Market making and similar activities 1,206.00 1.18 %
Trading Derivatives and Securities Credit risk Net Interest Income 2,465.00 2.42 %
Trading Derivatives and Securities Credit risk Other 596.00 0.58 %
Trading Derivatives and Securities Other risk 82.00 0.08 %
Trading Derivatives and Securities Other risk Market making and similar activities 394.00 0.39 %
Trading Derivatives and Securities Other risk Net Interest Income 94.00 0.09 %
Trading Derivatives and Securities Other risk Other -406.00 -0.4 %
All Other Brokerage fees -11.00 -0.01 %


Twelve months ended 2024
BAC s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Consumer Banking 14,345.00 171.63 %
Global Banking 11,222.00 104.65 %
Global Markets 7,918.00 42.95 %
All Other -9,296.00 -
Total 27,132.00 26.63 %

Twelve months ended 2024
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Investment and brokerage services 14.16 % -
Asset management fees 15.61 % -
Brokerage fees 9.27 % -
Total investment banking fees 31.39 % -
Underwriting income 46.53 % -
Syndication fees 35.97 % -
Financial advisory services 7.3 % -
Consumer Banking 0.19 % -7.19 %
Consumer Banking Investment and brokerage services 3.9 % -
Consumer Banking Asset management fees 5.08 % -
Consumer Banking Brokerage fees 1.8 % -
Global Wealth Investment Management 14.34 % -
Global Wealth Investment Management Investment and brokerage services 15.33 % -
Global Wealth Investment Management Asset management fees 15.78 % -
Global Wealth Investment Management Brokerage fees 11.51 % -
Global Wealth Investment Management Total investment banking fees 43.86 % -
Global Wealth Investment Management Underwriting income 43.86 % -
Global Banking 5.63 % -20.06 %
Global Banking Investment and brokerage services 59.65 % -
Global Banking Brokerage fees 59.65 % -
Global Banking Total investment banking fees 22.49 % -
Global Banking Underwriting income 41.54 % -
Global Banking Syndication fees 27.52 % -
Global Banking Financial advisory services 8.05 % -
Global Markets 3.29 % 22.72 %
Global Markets Investment and brokerage services 6.77 % -
Global Markets Brokerage fees 6.77 % -
Global Markets Total investment banking fees 41.68 % -
Global Markets Underwriting income 45.76 % -
Global Markets Syndication fees 46.82 % -
Global Markets Financial advisory services 1.64 % -
All Other - -
All Other Investment and brokerage services - -
All Other Total investment banking fees - -
All Other Underwriting income - -
Brokerage commissions and asset management fee revenue Global Markets 5 % -
Trading Derivatives and Securities 6.46 % -
Trading Derivatives and Securities Market making and similar activities -4.85 % -
Trading Derivatives and Securities Net Interest Income 196.66 % -
Trading Derivatives and Securities Other 1.3 % -
Trading Derivatives and Securities Interest rate risk 2.1 % -
Trading Derivatives and Securities Interest rate risk Market making and similar activities -29.67 % -
Trading Derivatives and Securities Interest rate risk Net Interest Income 276.5 % -
Trading Derivatives and Securities Interest rate risk Other 4.48 % -
Trading Derivatives and Securities Foreign exchange risk 2.36 % -
Trading Derivatives and Securities Foreign exchange risk Market making and similar activities 3.67 % -
Trading Derivatives and Securities Foreign exchange risk Net Interest Income -19.46 % -
Trading Derivatives and Securities Foreign exchange risk Other 12.64 % -
Trading Derivatives and Securities Equity risk 15.42 % -
Trading Derivatives and Securities Equity risk Market making and similar activities 6.59 % -
Trading Derivatives and Securities Equity risk Net Interest Income - -
Trading Derivatives and Securities Equity risk Other 4.9 % -
Trading Derivatives and Securities Credit risk 6.49 % -
Trading Derivatives and Securities Credit risk Market making and similar activities 0.08 % -
Trading Derivatives and Securities Credit risk Net Interest Income 0.12 % -
Trading Derivatives and Securities Credit risk Other 75.29 % -
Trading Derivatives and Securities Other risk -78.42 % -
Trading Derivatives and Securities Other risk Market making and similar activities -34.55 % -
Trading Derivatives and Securities Other risk Net Interest Income - -
Trading Derivatives and Securities Other risk Other - -
All Other Brokerage fees - -



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