Return on equity of Bank of America 2007-2023
Bank of America's return on equity (ROE) - calculated by dividing net income by shareholders' equity - fluctuated significantly between 2007 and 2023. The ROE was 8.71 percent in 2023, down from 9.65 percent in 2022. In the observed period, the ROE of the bank was the highest in 2021, and the lowest in 2010, at negative 1.56 percent.