Bank of America Corp. ranks No. 37 on FORTUNE's 2006 Global 500
(Fortune) -- Bank of America Corp. (Charts) ranks no. 37 on FORTUNE's Global 500 this year, with $84.0 billion in revenues, up 32.6% from the previous year. The Charlotte, North Carolina-based company was ranked no. 52 on the 2005 list. Its 2005 profits were $16.5 billion, up 16.4% from a year earlier. 2005 was a banner year for most Global 500 companies.
It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP. In the Banks: Commercial and Savings industry, profits were up 24.4% from the previous year.
The world's biggest companies in the sector are: Citigroup (Charts), ranked no. 14 on the Global 500 with $131 billion in revenues; and Fortis (Charts), ranked no. 18 on the Global 500 with $112.4 billion in revenues; and HSBC Holdings (Charts), ranked no. 26 on the Global 500 with $93.5 billion in revenues; and BNP Paribas (Charts), ranked no. 34 on the Global 500 with $85.7 billion in revenues; and UBS AG (Charts), ranked no. 36 on the Global 500 with $84.7 billion in revenues.
The Global 500 list is an annual ranking of the world's largest corporations by revenues.
Next: Full list: 2006 Global 500 at http://money.cnn.com/global500
Plus: See Bank of America Corp.'s Global 500 details, including financial stats and contact information.Next: See 2006 FORTUNE Global 500
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