Total assets on the balance sheet as of March 2024 : $3.273 T
According to Bank of America 's latest financial reports the company's total assets are $3.273 T.A company’s total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.
Bank of America - Total assets on balance sheet (from 2001 to 2024)
Total assets by year
| Year | Total assets | Change |
|---|
| 2023-12-31 | $3.180 T | 4.22% |
| 2022-12-31 | $3.051 T | -3.73% |
| 2021-12-31 | $3.169 T | 12.41% |
| 2020-12-31 | $2.819 T | 15.84% |
| 2019-12-31 | $2.434 T | 3.38% |
| 2018-12-31 | $2.354 T | 3.21% |
| 2017-12-31 | $2.281 T | 4.26% |
| 2016-12-31 | $2.188 T | 2.04% |
| 2015-12-31 | $2.144 T | 1.89% |
| 2014-12-31 | $2.104 T | 0.11% |
| 2013-12-31 | $2.102 T | -4.87% |
| 2012-12-31 | $2.209 T | 3.8% |
| 2011-12-31 | $2.129 T | -6% |
| 2010-12-31 | $2.264 T | 1.55% |
| 2009-12-31 | $2.230 T | 22.68% |
| 2008-12-31 | $1.817 T | 5.96% |
| 2007-12-31 | $1.715 T | 17.54% |
| 2006-12-31 | $1.459 T | 13% |
| 2005-12-31 | $1.291 T | 16.33% |
| 2004-12-31 | $1.110 T | 50.79% |
| 2003-12-31 | $736.44 B | 11.42% |
| 2002-12-31 | $660.95 B | 6.3% |
| 2001-12-31 | $621.76 B | |
Total Assets for similar companies or competitors
| Company | Total assets | differencediff. | Country |
| $4.090 T | 24.95% | 🇺🇸 USA |
| $1.959 T | -40.16% | 🇺🇸 USA |
| $2.432 T | -25.70% | 🇺🇸 USA |
| $683.60 B | -79.12% | 🇺🇸 USA |
| $18.37 B | -99.44% | 🇺🇸 USA |
| $1.993 T | -39.12% | 🇬🇧 UK |
FAQs
How many assets does BAC have? ›
Total assets on the balance sheet as of March 2024 : $3.273 T. According to Bank of America 's latest financial reports the company's total assets are $3.273 T. A company's total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.
What is the return on average assets for Bank of America? ›
Bank of America (Bank of America) ROA % : 0.83% (As of Mar. 2024)
What does BAC stand for Bank of America? ›
Bank of America Corporation. Bank of America Corporate Center.
What are the assets of Bank of America in 2024? ›
Bank Of America total assets for the quarter ending March 31, 2024 were $3,273.803B, a 2.48% increase year-over-year. Bank Of America total assets for 2023 were $3180.151B, a 4.22% increase from 2022. Bank Of America total assets for 2022 were $3051.375B, a 3.73% decline from 2021.
What is total assets of a bank? ›
Total assets include total earning assets, cash and due from banks, foreclosed real estate, fixed assets, goodwill, other intangibles, current tax assets, deferred tax assets, discontinued operations and other assets. Long definition. Operating expenses of a bank as a share of the value of all assets held.
What's the average amount an American has in their bank account? ›
How much does the average household have in savings? While the median bank account balance is $8,000, according to the latest SCF data, the average — or mean — balance is actually much higher, at $62,410.
What is a good return on assets for a bank? ›
What Is Considered a Good ROA? A ROA of over 5% is generally considered good and over 20% excellent.
Is 7% return on assets good? ›
What Is a Good Return on Assets Ratio? A ROA of 5% or lower might be considered low, while a ROA over 20% high. However, it's best to compare the ROAs of similar companies. A ROA for an asset-intensive company might be 2%, but a company with an equivalent net income and fewer assets might have a ROA of 15%.
Is Bank of America going under? ›
Bank of America's Financial Health
In recent years, Bank of America's financial performance has been relatively stable. In 2022, the bank reported a net income of $20.4 billion, a decrease from the previous year's $27.4 billion. However, its revenue increased from $91.2 billion in 2021 to $95.2 billion in 2022.
Investors might want to bet on Bank of America (BAC), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
Is there a problem with Bank of America today? ›
User reports indicate no current problems at Bank of America
Clients can review their account balances and transactions, deposit checks and tranfer money through online banking and mobile banking apps for iPhone, iPad, Android, Windows Phone, Blackberry, Kindle Fire and other mobile operating systems.
How much money is Bank of America worth? ›
Market cap: $307.02 Billion
As of June 2024 Bank of America has a market cap of $307.02 Billion. This makes Bank of America the world's 30th most valuable company by market cap according to our data.
What is the richest bank in the world? ›
Biggest Banks in the World 2024
- Industrial and Commercial Bank of China (ICBC) Total Assets: $6.118 Trillion. ...
- Wells Fargo. Total Assets: $1.886 Trillion. ...
- HSBC. Total Assets: $2.989 Trillion. ...
- Morgan Stanley. Total Assets: $1.199 Trillion. ...
- China Construction Bank (CCB) Total Assets: $5.376 Trillion.
JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets. It has over $3.3 trillion in total assets, more than any bank in the country. Total assets include everything a bank owns, from loans and investments to physical assets like buildings and equipment.
What is the world's largest asset bank? ›
Industrial and Commercial Bank of China Ltd., with assets of $6.303 trillion, retained its place as the world's biggest bank as the Chinese megabanks occupied the top four positions. Agricultural Bank of China Ltd.
