• Bank Of America average return on tangible equity for 2023 was 12.85, a 1.15% decline from 2022.
• Bank Of America average return on tangible equity for 2022 was 13, a 8.9% decline from 2021.
• Bank Of America average return on tangible equity for 2021 was 14.27, a 60.88% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.