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    Revenue breakdown by Products & Services
    Revenue breakdown by Geography

    Bank of America Corporation's Revenue by Segment

    In fiscal year 2024, Bank of America Corporation's revenue by segment (products & services) are as follows:

    • Investment and Brokerage Services: $17.77 B
    • Investment And Brokerage Services, Asset Management Fees: $13.88 B
    • Investment And Brokerage Services, Brokerage Fees: $3.89 B
    • Investment Banking Fees: $6.19 B
    • Investment Banking Income, Financial Advisory Services: $1.69 B
    • Investment Banking Income, Syndication Fees: $1.22 B
    • Investment Banking Income, Underwriting Income: $3.28 B

    Learn more about Bank of America Corporation’s Revenue by Geography

    Check out competitors to Bank of America Corporation in a side-by-side comparison.

    Explore additional financial metrics for Bank of America Corporation.

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    The above chart shows Bank of America Corporation's revenue percentage share by segment (products and services).

    In fiscal year 2022, Bank of America Corporation's revenue by segment is as follows:

    • Investment and Brokerage Services generated $15.90 B in revenue, representing 38.36% of its total revenue.
    • Investment And Brokerage Services, Asset Management Fees generated $12.15 B in revenue, representing 29.32% of its total revenue.
    • Investment And Brokerage Services, Brokerage Fees generated $3.75 B in revenue, representing 9.05% of its total revenue.
    • Investment Banking Fees generated $4.82 B in revenue, representing 11.64% of its total revenue.
    • Investment Banking Income, Financial Advisory Services generated $1.78 B in revenue, representing 4.3% of its total revenue.
    • Investment Banking Income, Syndication Fees generated $1.07 B in revenue, representing 2.58% of its total revenue.
    • Investment Banking Income, Underwriting Income generated $1.97 B in revenue, representing 4.75% of its total revenue.

    The biggest segment for Bank of America Corporation is the Investment and Brokerage Services, which represents 38.36% of its total revenue.
    The smallest segment for Bank of America Corporation is the Investment Banking Income, Syndication Fees, which represents 2.58% of its total revenue.

    The above chart shows Bank of America Corporation's revenue percentage share by segment (products and services).

    In fiscal year 2023, Bank of America Corporation's revenue by segment is as follows:

    • Investment and Brokerage Services generated $15.56 B in revenue, representing 38.39% of its total revenue.
    • Investment And Brokerage Services, Asset Management Fees generated $12.00 B in revenue, representing 29.6% of its total revenue.
    • Investment And Brokerage Services, Brokerage Fees generated $3.56 B in revenue, representing 8.78% of its total revenue.
    • Investment Banking Fees generated $4.71 B in revenue, representing 11.61% of its total revenue.
    • Investment Banking Income, Financial Advisory Services generated $1.58 B in revenue, representing 3.88% of its total revenue.
    • Investment Banking Income, Syndication Fees generated $898.00 M in revenue, representing 2.21% of its total revenue.
    • Investment Banking Income, Underwriting Income generated $2.24 B in revenue, representing 5.51% of its total revenue.

    The biggest segment for Bank of America Corporation is the Investment and Brokerage Services, which represents 38.39% of its total revenue.
    The smallest segment for Bank of America Corporation is the Investment Banking Income, Syndication Fees, which represents 2.21% of its total revenue.

    The above chart shows Bank of America Corporation's revenue percentage share by segment (products and services).

    In fiscal year 2024, Bank of America Corporation's revenue by segment is as follows:

    • Investment and Brokerage Services generated $17.77 B in revenue, representing 37.09% of its total revenue.
    • Investment And Brokerage Services, Asset Management Fees generated $13.88 B in revenue, representing 28.96% of its total revenue.
    • Investment And Brokerage Services, Brokerage Fees generated $3.89 B in revenue, representing 8.12% of its total revenue.
    • Investment Banking Fees generated $6.19 B in revenue, representing 12.91% of its total revenue.
    • Investment Banking Income, Financial Advisory Services generated $1.69 B in revenue, representing 3.53% of its total revenue.
    • Investment Banking Income, Syndication Fees generated $1.22 B in revenue, representing 2.55% of its total revenue.
    • Investment Banking Income, Underwriting Income generated $3.28 B in revenue, representing 6.84% of its total revenue.

    The biggest segment for Bank of America Corporation is the Investment and Brokerage Services, which represents 37.09% of its total revenue.
    The smallest segment for Bank of America Corporation is the Investment Banking Income, Syndication Fees, which represents 2.55% of its total revenue.
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    Summary Table

    Products & Services (Percent Share) 2022 2023 2024
    Investment And Brokerage Services, Asset Management Fees 29.32% 29.6% 28.96%
    Investment Banking Income, Underwriting Income 4.75% 5.51% 6.84%
    Investment Banking Income, Syndication Fees 2.58% 2.21% 2.55%
    Investment Banking Income, Financial Advisory Services 4.3% 3.88% 3.53%
    Investment Banking Fees 11.64% 11.61% 12.91%
    Investment and Brokerage Services 38.36% 38.39% 37.09%
    Investment And Brokerage Services, Brokerage Fees 9.05% 8.78% 8.12%
    Total Revenue 100% 100% 100%

    The above chart shows the revenue trend of different segments of Bank of America Corporation.

    In fiscal year 2024, the Investment and Brokerage Services generated the most revenue ($17.77 B), and the Investment Banking Income, Syndication Fees generated the least revenue ($1.22 B).

    The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Investment and Brokerage Services revenue increased 14.16% ($2.20 B) from $15.56 B (in 2023) to $17.77 B (in 2024).
  • Investment And Brokerage Services, Asset Management Fees revenue increased 15.61% ($1.87 B) from $12.00 B (in 2023) to $13.88 B (in 2024).
  • Investment And Brokerage Services, Brokerage Fees revenue increased 9.27% ($330.00 M) from $3.56 B (in 2023) to $3.89 B (in 2024).
  • Investment Banking Fees revenue increased 31.39% ($1.48 B) from $4.71 B (in 2023) to $6.19 B (in 2024).
  • Investment Banking Income, Financial Advisory Services revenue increased 7.3% ($115.00 M) from $1.58 B (in 2023) to $1.69 B (in 2024).
  • Investment Banking Income, Syndication Fees revenue increased 35.97% ($323.00 M) from $898.00 M (in 2023) to $1.22 B (in 2024).
  • Investment Banking Income, Underwriting Income revenue increased 46.53% ($1.04 B) from $2.24 B (in 2023) to $3.28 B (in 2024).
    • Continue reading...

    Summary Table

    Products & Services 2022
    Value Change
    		2023
    Value Change
    		2024
    Value Change
    Investment and Brokerage Services $15.90 B - $15.56 B
    2.13%
    		$17.77 B
    14.16%
    Investment And Brokerage Services, Asset Management Fees $12.15 B - $12.00 B
    1.23%
    		$13.88 B
    15.61%
    Investment And Brokerage Services, Brokerage Fees $3.75 B - $3.56 B
    5.01%
    		$3.89 B
    9.27%
    Investment Banking Fees $4.82 B - $4.71 B
    2.38%
    		$6.19 B
    31.39%
    Investment Banking Income, Financial Advisory Services $1.78 B - $1.58 B
    11.67%
    		$1.69 B
    7.30%
    Investment Banking Income, Syndication Fees $1.07 B - $898.00 M
    16.07%
    		$1.22 B
    35.97%
    Investment Banking Income, Underwriting Income $1.97 B - $2.24 B
    13.45%
    		$3.28 B
    46.53%
    Total Revenue $41.45 B - $40.54 B
    2.19%
    		$47.90 B
    18.16%

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