Bank of America Corporation operates in the National commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Bank of America with three other
companies in this sector in the United States:
Wells Fargo & Company
sales of $94.18 billion
of which 32%
was Community Banking),
of which 41%
was Institutional Clients Group), and
JPMorgan Chase & Co.
of which 43%
was Consumer & Business Banking).
Bank of America reported sales of $93.68 billion
December of 2016.
a very small
increase of 0.9%
versus 2015, when the company's sales were $92.88 billion.
Despite this increase, sales are still
below the level achieved in 2014, when Bank of America
reported sales of $94.07 billion.
Sales of Global Banking saw an increase
that was more than double the company's growth rate: sales were up
8.9% in 2016, from
$16.92 billion to $18.43 billion.
Bank of America also saw significant increases in sales in
Consumer and Business Banking (up 3.6% to $31.73 billion)
Global Markets (up 6.8% to $16.09 billion)
Not all segments of Bank of America experienced an increase in sales in 2016:
sales of Global Wealth and Investment Management fell 1.9% to $17.65 billion.