• Bank Of America average return on equity for 2023 was 9.79, a 2.2% decline from 2022.
• Bank Of America average return on equity for 2022 was 10.01, a 2.88% decline from 2021.
• Bank Of America average return on equity for 2021 was 9.73, a 36.66% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.