Global 500 rank: 21 (Previous rank: 37)
Profits (millions): $21,133
Change from 2005: 28.4%
Get quote: BAC
Its $35 billion acquisition of credit-card issuer MBNA last year helped boost consumer and business banking profits by $4.3 billion. The acquisition of U.S. Trust, an asset management firm specializing in very wealthy clients, in late 2006, is expected to drive profit growth next year.
See more Global 500 data for Bank of America Corp.
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Bank of America Corp.
|  Old-economy outfits top Fortune's annual Global 500 list, thanks to rising oil prices and a slew of mergers that drove record profits. (more)  Wal-Mart retakes the lead as the world's biggest company. See which other outfits top our list. (more)  Which automaker lost a whopping $12.6 billion last year? And just how far into the red are stalwarts like Goodyear and Tyson Foods? (more) |
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