BANK of America (BOA) is one of the three largest banks in the United States, ranking second by assets after JPMorgan Chase (JPM) and ahead of Citigroup. It is also one of the largest banks in the world.

Yet, its operations outside of North America form a relatively small portion of its overall earnings profile. They brought in a profit of US$2.83 billion in 2022, on a revenue of US$12 billion. In comparison, BOA’s total net income in 2022 was US$27.5 billion and revenue was US$94.95 billion.

But the bank has clear global ambitions. Its international profit was US$2.58 billion in 2021 and US$748 million in 2020, demonstrating significant growth over a two-year period.