Bank of America Corp
NYSE:BAC
Net Margin
Bank of America Corp
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| US |
|
Bank of America Corp
NYSE:BAC
|
334.5B USD |
7%
|
|
| US |
|
JPMorgan Chase & Co
NYSE:JPM
|
734.7B USD |
32%
|
|
| ZA |
A
|
Absa Bank Ltd
JSE:ABSP
|
425.5B Zac |
17%
|
|
| ZA |
C
|
Capitec Bank Holdings Ltd
JSE:CPI
|
398.1B Zac |
25%
|
|
| ZA |
S
|
Standard Bank Group Ltd
JSE:SBK
|
387.2B Zac |
17%
|
|
| CN |
|
Industrial and Commercial Bank of China Ltd
SSE:601398
|
2.5T CNY |
41%
|
|
| CN |
|
Agricultural Bank of China Ltd
SSE:601288
|
1.9T CNY |
36%
|
|
| US |
|
Wells Fargo & Co
NYSE:WFC
|
243B USD |
23%
|
|
| CN |
|
Bank of China Ltd
SSE:601988
|
1.6T CNY |
33%
|
|
| UK |
|
HSBC Holdings PLC
LSE:HSBA
|
155.5B GBP |
31%
|
|
| CN |
|
China Construction Bank Corp
SSE:601939
|
1.5T CNY |
43%
|
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 Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on Bank of America Corp's most recent financial statements, the company has Net Margin of 6.8%.
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