Bank of America Corp
NYSE:BAC
NIM
Net Interest Margin
Net Interest Margin is a measure of the difference between interest paid and interest received, adjusted for the total amount of interest-generating assets held by the bank. A positive net interest margin indicates that the bank is efficiently investing, whereas a negative net interest margin implies inefficient investing.
NIM Across Competitors
| Country | Company | Market Cap | NIM | ||
|---|---|---|---|---|---|
| US |
|
Bank of America Corp
NYSE:BAC
|
310.5B USD |
5%
|
|
| US |
|
JPMorgan Chase & Co
NYSE:JPM
|
701.8B USD |
7%
|
|
| ZA |
A
|
Absa Bank Ltd
JSE:ABSP
|
420.8B Zac |
4%
|
|
| ZA |
C
|
Capitec Bank Holdings Ltd
JSE:CPI
|
395.4B Zac |
22%
|
|
| ZA |
S
|
Standard Bank Group Ltd
JSE:SBK
|
389.1B Zac |
6%
|
|
| CN |
|
Industrial and Commercial Bank of China Ltd
SSE:601398
|
2.5T CNY |
2%
|
|
| CN |
|
Agricultural Bank of China Ltd
SSE:601288
|
1.9T CNY |
2%
|
|
| US |
|
Wells Fargo & Co
NYSE:WFC
|
240.7B USD |
5%
|
|
| CN |
|
Bank of China Ltd
SSE:601988
|
1.6T CNY |
2%
|
|
| CN |
|
China Construction Bank Corp
SSE:601939
|
1.5T CNY |
2%
|
|
| UK |
|
HSBC Holdings PLC
LSE:HSBA
|
150B GBP |
5%
|
Bank of America Corp
Glance View
Bank of America Corp., a behemoth in the financial services sector, has carved its niche by weaving a complex tapestry of banking operations that touch nearly every aspect of modern financial life. Founded in the early 20th century and headquartered in Charlotte, North Carolina, the company has grown from its roots as a regional player into a global powerhouse. This transformation was facilitated by a series of strategic acquisitions and mergers, including the pivotal acquisition of Merrill Lynch during the financial crisis of 2008. The move bolstered its presence in investment banking, providing a sturdy backbone to its diverse portfolio of services. Today, Bank of America operates through a well-oiled machinery of divisions, including retail banking, corporate, investment banking, and wealth management, each contributing to the overarching goal of financial superintendence. At the core of its revenue model lies a blend of interest income from loans and deposits, intertwined with non-interest income from service fees and advisory roles. Retail banking remains a cornerstone, serving millions of households with a spectrum of products from everyday checking accounts to mortgages. Meanwhile, its Global Wealth and Investment Management division caters to affluent clients, offering tailored solutions to grow and protect wealth, accentuated by the prestige of Merrill Lynch’s brokerage services. Corporate and investment banking, on the other hand, facilitates capital raising, mergers and acquisitions, and risk management for businesses of varying scales. These multifaceted operations not only generate substantial revenue streams from varied interest differentials and fees but also provide a solid foundation for sustainable growth in the ever-evolving finance landscape.
See Also
Net Interest Margin is a measure of the difference between interest paid and interest received, adjusted for the total amount of interest-generating assets held by the bank. A positive net interest margin indicates that the bank is efficiently investing, whereas a negative net interest margin implies inefficient investing.
Based on Bank of America Corp's most recent financial statements, the company has NIM of 5.3%.
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