Bank of America Net Worth: Insights for 2024, 2025, 2028, 2030, and 2040 Revealed

We usually write about the finances and net worth of celebrities or public figures, but this time we’re focusing on a different kind of celebrity: Bank of America (BAC). In this article, we’ll explore Bank of America net worth, income sources, and some other financial aspects. Known for managing trillions in assets, Bank of America is one of the largest retail and investment banks, serving investors, governments, and institutional clients. 

Bank of America Net Worth 2024 

Bank of America Net worth in 2024 is 0.26 Trillion or 260 Billion USD in holding, after deducting all of their liabilities and loans from their Assets. 

Our Analysts scrutinized the financial statements 2024 of Bank of America and calculated the Net Asset Value and Liabilities of the bank in 2024 before arriving at these numbers regarding Bank of America Net worth.

Bank of America Net worth 2024, 2025, 2028, 2030, 2040 | Bank of America Net worth projection 

Bank of America Net worth history 

Bank of America net income 

Bank of America’s projected net income by the end of 2024 is 27.09 Billion USD

Bank of America net income by year 

Bank of America’s net income last 12 months 

Bank of America’s net income over the last 12 months is the final profit it earned after subtracting all expenses and paying dividends to investors. So here is Bank of America’s net income last 12 months  

How much does Bank of America make a year? 

On average Bank of America makes a whopping $24.8 Billion a year. At present it’s projected to make $27.09 Billion in 2024 

Bank of America net asset value 2024, 2025, 2026, 2029, 2030, 2035, 2040 | Bank of America net asset value projection 

Bank of America liabilities projection 

Bank of America’s liabilities were $2.89 billion in 2023. The bank has successfully managed its liabilities efficiently over the years. For 2024, their projected liabilities are expected to be around $3.156 billion, while their profits continue to increase.

Bank of America net interest income 

Bank of America’s main revenue source is net interest income, which includes “Net Interest Income” and “Non-Interest Income.” Over the past five years, their net interest income has fluctuated within a certain range. 

Bank of America net revenue 

The projected net revenue of Bank of America in 2024 is $102.768 B USD while the past net revenue of the bank in 2023 was $98.52 B USD

Bank of America net revenue projection. 

Bank of America revenue sources | How does Bank of America make money 

Though the bank has diverse sources of income, its major revenue is generated from its core interest business where it primarily earns from the difference in the interests from lending, borrowing, and funding customers. 

It is also a wealth management organization so a part of the revenue is generated by managing the wealth, retirement products, and assets of some high-end profile clients or organizations The bank also offers stock market, portfolio, and fund management services to the clients and makes good money from this stream. 

Bank of America makes another big chunk of its income through retail banking by charging fees on their trading accounts, savings, business, and personal accounts while some other additions to income would be through selling credit and Debit cards, lucrative offers on cards, and accounts in partnership with external businesses, mutual funds, etc. 

Is Bank of America profitable? 

Yes, overall, Bank of America is profitable. It holds assets worth $3.8 trillion USD and has a free cash flow of $40.74 billion USD. This free cash flow is a strong point because it allows the bank to either pay dividends to investors or reinvest in the business for growth.

However the latest reports in 2024 Q1 stated that Bank of America’s profits fell by 18% due to higher interest rates, loss of their interest yields from 2.20% to 1.99% on FDs or loans, and less almost flat commissions earned through trading accounts and stocks in 2024 Q1. But even after all of this, the company still managed to make $6.678 in 2024 Q1, thanks to financial and wealth management fee hikes. 

Bank of America’s monthly income 

On average the Bank of America’s monthly income rounds up to approximately $ 2.078 USD depending on the profits it registers quarterly. The Bank’s monthly income in 2023 was again close to $ 2B  USD. While the latest quarterly reports from Bank of America say, that it made a profit of $6.67 B USD in its first quarter of 2024, accounting for roughly a monthly income of $2.2 B USD in the first three months of 2024. 

Bank of America monthly income forecast for 2025 

Frequently Asked Questions | FAQS 

Bank of America’s high net worth accounts 

Bank of America net asset Value History 

Bank of America net revenue history 

Bank of America net income history