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 UNITED STATES :
Citigroup Inc.
(2020
sales of $89.01 billion
of which 50%
was Institutional Clients Group),
Wells Fargo & Company
($79.50 billion
of which 43%
was Consumer Banking and Lending), and
JPMorgan Chase & Co.
($129.50 billion
of which 40%
was Consumer & Business Banking).
Sales Analysis.
During the second
quarter of 2021, sales at Bank of America totalled
$22.92 billion.
This is a drop of 2.1%
from the $23.42 billion in sales at the company during the second quarter in 2020.
During the first two
quarters of 2021, sales totalled $47.38 billion, which is
6.5% lower
than through the first two quarters of 2020.
During the previous 6 quarters, sales at Bank of America have fallen vis-à-vis the same quarter in the previous year.
Bank of America reported sales of $94.49 billion
for the
year ending
December of 2020.
This
represents
a
decrease of 16.8%
versus 2019, when the company's sales were $113.61 billion.
The sales level in 2020 was fairly close to the level five years ago: in 2015, Bank of America had sales
of $92.88 billion.
Contributing to the drop in overall sales was the 13.8% decline
in Consumer Banking, from $38.59 billion to $33.26 billion.
There were also decreases in sales in
Global Banking (down 7.3% to $18.99 billion)
and
Global Wealth and Investment Management (down 4.9% to $18.58 billion)
.
However, these declines were partially offset by the increase in sales of
Global Markets (up 20.2% to $18.77 billion)
.