Average Interest Earning Assets (USD Mil) is the average of the beginning and ending balances of interest earning assets. Earning Assets are income-producing investments owned by a company without any significant effort on its owners.
Bank of America's Average Interest Earning Assets (USD Mil) for the quarter that ended in Mar. 2024 was 2,860,580.00
, which is higher than
2,829,770.00 for the pervious quarter ended in Dec. 2023.
Bank of America's Average Interest Earning Assets (USD Mil) for the annual that ended in Dec. 2023 was 2,753,600.00
, which is higher than
2,700,860.00 for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Bank of America's Average Interest Earning Assets (USD Mil) or its related term are showing as below:
BAC's Average Interest Earning Assets (USD Mil) is not ranked *
in the Banks industry.
Industry Median: * Ranked among companies with meaningful Average Interest Earning Assets (USD Mil) only.
Bank of America Average Interest Earning Assets (USD Mil) Historical Data
The historical data trend for Bank of America's Average Interest Earning Assets (USD Mil) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Diversified subindustry, Bank of America's Average Interest Earning Assets (USD Mil), along with its competitors' market caps and Average Interest Earning Assets (USD Mil) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bank of America (NYSE:BAC) Average Interest Earning Assets (USD Mil) Explanation
Earning assets are assets that can generate income directly, such as stocks that pay dividends, bonds that pay interest, real estate properties that generate rental income, copyright and other interest or dividend earning accounts or instruments.
Average Earning Assets are commonly used as a denominator when calculating net interest margin. This ratio can help investors determine whether or not to invest in a financial company by providing visibility into the profitability of their interest income versus their interest expenses.
Bank of America Average Interest Earning Assets (USD Mil) Related Terms
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Bank of America (Bank of America) Business Description
Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.
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