Key Insights on Bank of America Financial Performance

⚡Total net revenue grew by 2.18% from 2016 to 2020 with a YoY decline of 6.26% in 2020

⚡ Total noninterest expense grew by 0.24% from 2016 to 2020 with a YoY increase of 0.57% in 2020

⚡ Provision for credit losses increased by 215.32% YoY in 2020.

⚡Net Income grew by 0.40% from 2016 to 2020 with a YoY decline of 34.76% in 2020.

⚡ Loans and Leases: Loans and Leases increased by 2.33% from 2016 to 2020 with a YoY decline of 5.65% in 2020.

⚡ Deposits : Deposits increased by 42.39% from 2016 to 2020 with a YoY increase of 25.14% in 2020.

⚡ Return on Equity: Bank of America returns to stockholders increased from 6.68% in 2016 to 6.56% in 2020.

⚡Leverage: Bank of America is highly geared with a gearing ratio of 103.42% in 2020

Source : Bank of America Annual Report