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Bank of America Competitors or Alternatives
Bank of America's top competitors include JPMorgan Chase, Wells Fargo and Citi.
Bank of America VS JPMorgan Chase
JPMorgan Chase CEO Jamie Dimon has an approval rating of 71 out of 100 compared to Bank of America CEO Brian Moynihan who also has an approval rating of 71 out of 100. With an employee count of 293,700 people, JPMorgan Chase outnumbers Bank of America which has an employee count totaling 217,000 people. JPMorgan Chase generates more annual revenue than Bank of America. Bank of America’s annual revenue is $98B while JPMorgan Chase generates a total annual revenue of $136.3B. Bank of America has 16 subsidiaries with its latest acquisition of Axia Technologies, Inc. occurring in Apr 2021. JPMorgan Chase has 24 subsidiaries with the latest acquisition of First Republic Bank occurring in May 2023. JPMorgan Chase welcomed Ryan Zimmer as VP of Commercial Bank for Middle Market Banking & Specialized Industries Business in Mar 2023.
Bank of America VS Wells Fargo
Wells Fargo CEO Charles W. Scharf has an approval rating of 54 out of 100 compared to Bank of America CEO Brian Moynihan who has an approval rating of 71 out of 100. With an employee count of 238,000 people, Wells Fargo outnumbers Bank of America which has an employee count totaling 217,000 people. Wells Fargo generates less annual revenue than Bank of America. Bank of America’s annual revenue is $98B while Wells Fargo generates a total annual revenue of $76.8B. Bank of America has 16 subsidiaries with its latest acquisition of Axia Technologies, Inc. occurring in Apr 2021. Wells Fargo has 17 subsidiaries with the latest acquisition of Commercial Distribution Finance occurring in Oct 2015. Shankar Mishra, Vice President of Operations in India departed Wells Fargo in Jan 2023.
Bank of America VS Citi
Citi CEO Jane Fraser has an approval rating of 60 out of 100 compared to Bank of America CEO Brian Moynihan who has an approval rating of 71 out of 100. With an employee count of 240,000 people, Citi outnumbers Bank of America which has an employee count totaling 217,000 people. Citi generates less annual revenue than Bank of America. Bank of America’s annual revenue is $98B while Citi generates a total annual revenue of $77.6B. Bank of America has 16 subsidiaries with its latest acquisition of Axia Technologies, Inc. occurring in Apr 2021. Citi has 7 subsidiaries with the latest acquisition of Credit Card Business, Costco Wholesale Corp. occurring in Mar 2016. Citi named Mark Woodruff as its CEO for Australia and New Zealand in Apr 2023.
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Frequently Asked Questions about Bank of America
Who are Bank of America's top competitors?
Bank of America's top 3 competitors are JPMorgan Chase, Wells Fargo, Citi.Who is similar to Bank of America?
JPMorgan Chase is the most similar to Bank of America. Wells Fargo and Citi are also similar to Bank of America.
Are Bank of America and JPMorgan Chase competitors?
Yes, JPMorgan Chase is one of Bank of America’s top competitors.