Bank of America Corporation operates in the National commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Bank of America with three other
companies in this sector in the United States:
Citigroup Inc.
(2018
sales of $97.00 billion
of which 38%
was Institutional Clients Group),
Wells Fargo & Company
($101.06 billion
of which 45%
was Community Banking), and
JPMorgan Chase & Co.
($131.41 billion
of which 40%
was Consumer & Business Banking).
Sales Analysis.
Bank of America reported sales of $110.62 billion
for the
year ending
December of 2018.
This
represents
an
increase of 11.2%
versus 2017, when the company's sales were $99.51 billion.
This was the third consecutive year of growth at Bank of America.
Sales of Consumer Banking saw an increase
of
8.7% in 2018, from
$34.52 billion to $37.52 billion.
Not all segments of Bank of America experienced an increase in sales in 2018:
sales of Global Banking fell 1.8% to $19.64 billion.