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Bank of America’s Expanding Balance Sheet

Andrew Brunton
Bank of America’s Expanding Balance Sheet

Bank of America’s (BAC) balance sheet has been improving every quarter. Its total assets grew ~3.3% YoY (year-over-year) in Q2 2018 and reached ~$2.33 trillion. It was mainly driven by higher deposits, new assets, increased lending, rate spreads, and broking assets.