15 of 500
15. Bank of America Corp.
Bank of America Corp.
Financials: Latest Results
Rank: 15 (Previous rank: 37)
CEO: Brian T. Moynihan
Employees: 283,717
Address: 100 N. Tryon St.
Charlotte, North Carolina  28255
Country: U.S.
Website: www.bankofamerica.com
2009 was tough for Bank of America. The company had to integrate its widely criticized acquisitions of Merrill Lynch and Countrywide while tapping into the Troubled Asset Relief Program three times for a total of $45 billion. On top of that, BofA had to deal with a critically ill housing market, declining asset values, a liquidity crisis, and the departure of CEO Ken Lewis.

Yet by the end of 2009, the bank was strong enough to pay back its TARP funds and boost capital with almost $20 billion from the sale of new stock. BofA isn't out of the woods, but analysts project "very strong capital markets" and improving credit trends. The company plans to increase lending to small- and medium-sized businesses and to assist families in the aftermath of the financial crisis.

-- B.F.

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  $ millions % change from 2008
Revenues 150,450.0 33.0
Profits 6,276.0 56.6
Assets 2,223,299.0 --
Stockholders' equity 231,444.0 --
Profits as % of  
Revenues 4.2
Assets 0.3
From the July 26, 2010 issue
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 Based in U.S.

Rank # of Global 500 Companies
U.S. 139
Japan 71
China 46
Company 2009 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,649,992
State Grid 1,533,800
Company 2009 Profits
($ millions)
Gazprom $24,556
Exxon Mobil $19,280
Industrial & Commercial Bank of China $18,832
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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