21 of 500
21. Bank of America Corp.
Bank of America Corp.
Financials: Latest Results
Rank: 21 (Previous rank: 15)
CEO: Brian T. Moynihan
Employees: 288,122
Address: 100 N. Tryon St.
Charlotte, North Carolina  28255
Country: U.S.
Website: www.bankofamerica.com

For Bank of America, the first step toward turning a corner may be admitting defeat. In 2009, the bank received $45 billion in loans from the government's asset relief program and scrambled to take both Merrill Lynch and Countrywide under its wing (Bank of America purchased both companies that same year).

2010 hasn't been much easier for the banking behemoth. The company posted a net loss of more than $2 billion for the year, which it attributes to "goodwill impairment charges." It's trying to get some of that goodwill back: the bank agreed in June to pay $8.5 billion to investors who claimed they were duped by fraudulent mortgage securities. The bank forecasts another net loss for the second quarter of 2011, but it just might have a shot at clearing its name after putting the bulk of its legal issues in the past. --S.D.

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  $ millions % change from 2009
Revenues 134,194.0 -10.8
Profits -2,238.0 -135.7
Assets 2,264,909.0 --
Stockholders' equity 228,248.0 --
Profits as % of  
Revenues -2
Assets -0.1
From the July 25, 2011 issue
Editor's note: Chrysler Group was erroneously omitted from the Global 500 listing. With revenue of $41.9 billion, Chrysler ranks No.205 among all the companies in the world and 61st in the U.S. As a result, Bristol-Myers Squibb, which had ranked No.500, falls off the list. Updates may be found for the full list, rankings by country, and the list of arrivals. Fortune regrets the error.
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Rank # of Global 500 Companies
U.S. 133
Japan 68
China 61
Company 2010 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,674,541
State Grid 1,564,000
Company 2010 Profits
($ millions)
Nestlé $32,843
Gazprom $31,895
Exxon Mobil $30,460
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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