BAC

Bank of America Corporation

Halal Rating :
Uncomfortable
Last Price $44.18 Last updated:
Market Cap $364.54b
7D Change -3.26%
1 Year Change 33.07%
Company Overview Use of Interest Company Impact Justification for our Halal Rating Recent News

Company Overview

Industries
  • Finance
  • Insurance
  • And Real Estate
  • Banking
  • National Commercial Banks
Exchange NYSE
Next Earnings Date Oct. 15, 2024

Bank of America Corporation provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products. Its Global Banking segment provides lending products, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending. The company was founded in 1784 and is based in Charlotte, North Carolina.

Use of Interest

Reporting Date Total Revenue Total Operating Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $25.34b $23.52b $13.97b $23.52b 55.11% 100.00%
June 30, 2024 $25.38b $23.15b $13.7b $23.15b 53.99% 100.00%
March 31, 2024 $25.82b $22.25b $14.03b $22.25b 54.35% 100.00%

Company Impact

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