Annual scorecard has now ranked the lender last for four years in a row
Rankings are based on 2014 performance of the nation’s 20 biggest banks
Massive settlement with government was major drag on BofA’s earnings last year
Among the nation’s biggest banks, the Charlotte-based lender ranks at the bottom of Bank Director magazine’s latest bank-performance scorecard. The rankings, released late last week, are based on last year’s profitability, capitalization and asset quality for 20 lenders with assets of $50 billion or more.
It marks the fourth year in a row Bank of America has been in last place among lenders with $50 billion or more in assets. In 2011, when the scorecard did not have separate rankings based on asset size, Bank of America was No. 127 among the 150 largest publicly traded U.S. banks and thrifts.
As in the previous year’s scorecard, the largest banks performed the worst in this year’s rankings. Citigroup and JPMorgan Chase & Co. ranked second-to-last and third-to-last, respectively. JPMorgan is the nation’s largest bank by assets, followed by Bank of America, Citigroup and Wells Fargo.