5 Largest Banks in The World by Market Cap

2. Bank of America Corporation (NYSE:BAC)

Market Capitalization: $270.4 billion

Bank of America Corporation, an American multinational investment bank and financial services holding company, is based at the Bank of America Corporate Center in Charlotte, North Carolina, with additional investment banking and support offices in Manhattan. The gross profit for the twelve months ending December 31, 2023, amounted to $98.581 billion, marking a 3.82% rise compared to the previous year. In 2023, Bank of America’s annual gross profit reached $98.581 billion, showing a 3.82% increase from 2022 when the gross profit was $94.95 billion, representing a 6.55% increase from 2021.