[Mick]

BOA claims assets of $3.1 trillion; even if true a $100B loss is not terribly significant: https://www.macrotrends.net/stocks/chart...tal-assets

It's true, Bank of America does have $3.05 trillion of assets, but they also have 2.8 trillion in liabilities. Their net worth is $272 billion. So a $100 billion hit would be 36.8% of their net worth...quite substantial.

[Mick]

BOA claims assets of $3.1 trillion; even if true a $100B loss is not terribly significant: https://www.macrotrends.net/stocks/chart...tal-assets

It's true, Bank of America does have $3.05 trillion of assets, but they also have 2.8 trillion in liabilities. Their net worth is $272 billion. So a $100 billion hit would be 36.8% of their net worth...quite substantial.