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11. Bank of America Corp.
Bank of America Corp.
Get Quote: BAC
Financials: Latest Results
Rank: 11 (Previous rank: 9)
Compare tool: Bank of America Corp. vs. Top 10
CEO: Kenneth D. Lewis
Address: 100 N. Tryon St.
Charlotte, NC 28255
Phone: 704-386-5681
Website: www.bankofamerica.com
Now that U.S. taxpayers own a nice chunk of it, Bank of America really is America's bank. Federal bailout notwithstanding, BofA is also the nation's biggest, with $1.8 trillion in assets.

The company's September decision to pick up ailing Merrill Lynch for $50 billion was celebrated as a masterstroke - until it became clear that Merrill's losses were a lot worse than anticipated. Now CEO Kenneth Lewis is trying to right the ship, keep top talent from defecting, and avoid even more government handouts. - Jennifer Reingold

  $ millions % change from 2007
Revenues 113,106.0 -5.1
Profits 4,008.0 -73.2
Assets 1,817,943.0 —
Stockholders' equity 177,052.0 —
Market value (3/27/2009) 46,986.2 —
Profits as % of  
Revenues 3.5
Assets 0.2
Stockholders' equity 2.3
Earnings per share  
2008 $ 0.55
% change from 2007 -83.3
1998-2008 annual growth rate % -9.2
Total return to investors %
2008 -62.9
1998-2008 annual rate -3.1
Rank Company 500
rank		 Revenues
($ millions)
1 Bank of America Corp. 11 113,106.0
2 Citigroup 12 112,372.0
3 J.P. Morgan Chase & Co. 16 101,491.0
4 Morgan Stanley 30 62,262.0
5 Goldman Sachs Group 40 53,579.0
6 Wells Fargo 41 51,652.0
7 GMAC 66 35,445.0
8 American Express 74 31,877.0
9 U.S. Bancorp 129 19,229.0
10 Capital One Financial 145 17,868.5
11 Bank of New York Mellon Corp. 156 16,355.0
12 State Street Corp. 206 12,922.0
13 SunTrust Banks 211 12,800.8
14 BB&T Corp. 260 10,404.0
15 PNC Financial Services Group 278 9,680.0
16 Regions Financial 280 9,636.6
17 Fifth Third Bancorp 302 8,554.0
18 KeyCorp 382 6,499.0
19 CIT Group 397 6,228.9
20 Northern Trust Corp. 430 5,677.9
21 M&T Bank Corp. 535 4,216.6
22 Marshall & Ilsley Corp. 550 4,025.8
23 Comerica 559 3,944.0
24 Huntington Bancshares 611 3,505.5
25 Zions Bancorp. 666 3,164.6
26 Popular 670 3,134.9
27 First Horizon National Corp. 676 3,098.0
28 Synovus Financial Corp. 823 2,292.8
Issue date: May 4, 2009
Acquired Merrill Lynch (2008 rank: 150), Jan. 1, 2009, and Countrywide Financial (2007 rank: 104), July 1, 2008.
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