In 2018, Bank of America’s revenue was $91 billion.
The revenue experienced a slight increase in 2019, reaching $91.24 billion.
A decrease in revenue occurred in 2020, with $85.53 billion reported.
The revenue bounced back in 2021 to $89.11 billion.
In 2022, Bank of America’s revenue rose to $94.95 billion.
Bank of America’s net income over the years is as follows: 2018: $28.15 billion 2019: $27.43 billion 2020: $17.89 billion 2021: $31.98 billion 2022: $27.53 billion.In 2022, Bank of America’s income was distributed as follows:
Card Income: $6.08 billion
Service Charges: $6.4 billion
Investment & Brokerage: $15.9 billion
Investment Banking Fees: $4.82 billion
Market Making & Similar: $12.07 billion
Other Income: -$2.8 billion (loss)
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.