Changes for page Bank of America

Last modified by Asif Farooqui on 2022/11/24 16:36
From version < 6.2 >
edited by Asif Farooqui
on 2022/11/21 14:54
To version < 7.1
edited by Asif Farooqui
on 2022/11/24 16:36
<
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Summary

Details

Page properties
Tags
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1 -US:BAC
1 +US:BAC|USA
Content
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5 5  = Summary =
6 6  
7 7  * Bank of America is one of the world's largest financial institutions.
8 -* Bank of America Corporation is a a bank holding and a financial holding company.
8 +* Bank of America Corporation is a bank holding and a financial holding company.
9 9  * The bank serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs
10 10  
11 -
12 12  [[image:BAC0.png||height="171" width="720"]]
13 13  
14 14  
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29 29  * Average Global Liquidity Sources of $941 billion
30 30  * Return on average common shareholders' equity ratio of 10.8%; return on average tangible common shareholders' equity ratio of 15.2%
31 31  
32 -
33 33  **Consumer Banking**
34 34  
35 35  * Net income of $3.1 billion
36 -* Client balances of $1.6 trillion, up 1%4
34 +* Client balances of $1.6 trillion, up 1%
37 37  * Average deposits of more than $1 trillion, up $68 billion, or 7%
38 38  * Combined credit/debit card spend of $218 billion, up 9%
39 39  
40 -
41 41  **Global Wealth and Investment Management**
42 42  
43 43  * Net income of $1.2 billion
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44 44  * Client balances of $3.2 trillion, down 12%, driven by lower market valuations, partially offset by net client flows
45 45  * Pretax margin of 29%
46 46  
47 -
48 48  **Global Banking**
49 49  
50 50  * Net income of $2.0 billion
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51 51  * Total investment banking fees (excl. self-led) of $1.2 billion, decrease of 46%, reflecting weaker industry-wide underwriting activity this year
52 52  * No. 3 in investment banking fees
53 53  
54 -
55 55  **Global Markets**
56 56  
57 57  * Net income of $1.1 billion
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59 59  * Excluding net DVA(H), sales and trading revenue up 13% to $4.1 billion; FICC up 27% to $2.6 billion; Equities down 4% to $1.5 billion
60 60  * Zero days of trading losses in Q3-22
61 61  
62 -
63 63  [[image:BAC2.jpg]]
64 64  
65 65  
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