Bank of America Corporation
BAC-PB
New York Stock Exchange24.86
USD
-0.10
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Bank of America Corporation
BAC-PB
(New York Stock Exchange)
Recent
price
24.86
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Bank of America Corporation (NYSE: BAC) operates as a leading global financial services holding company headquartered in Charlotte, North Carolina, with roots tracing back to 1904 through its predecessor Bank of Italy and formal incorporation via the 1998 merger of NationsBank and BankAmerica. The company serves approximately 70 million consumer and small business clients, 4 million small business households, and large corporations, institutions, and governments worldwide through roughly 3,600 retail financial centers, 15,000 ATMs, and digital banking platforms accessed by 59 million verified users across the United States, its territories, and more than 35 countries. Its core business segments encompass Consumer Banking, which provides deposit accounts, credit cards, mortgages, business loans, merchant services, and investments via Merrill Edge; Global Wealth & Investment Management, offering wealth management, investment advisory through Merrill Lynch Wealth Management and Merrill Guided Investing, and asset management; Global Banking, delivering commercial loans, leases, commitment facilities, trade finance, commercial real estate lending, treasury management, foreign exchange, short-term investing, and merchant services; and Global Markets, focused on trading across asset classes including cash equities, portfolio trading, exchange-traded funds, investment banking, and risk management solutions. Bank of America maintains principal executive offices at the Bank of America Corporate Center in Charlotte and investment banking headquarters in New York City's Bank of America Tower, with major international offices in Dublin, Hong Kong, Singapore, London, Tokyo, and Frankfurt. The company supports small and middle-market businesses alongside high-net-worth individuals and institutional clients through subsidiaries like Merrill Lynch and BofA Securities, emphasizing responsible growth, digital innovation, and community impact. In recent developments, Bank of America announces plans to open over 150 new financial centers across 60 markets by end-2027, including 40 in 2025 and 70 in 2026, following $5 billion invested since 2016 in network expansion and renovations; this builds on entering 11 new U.S. markets since 2014, with Louisville added in 2024, and recent flagship openings like 2 Bryant Park in New York City and Boise, Idaho. Additionally, the bank renovates over 3,000 centers in the past year with more than 500 planned next, partners with ArtLifting for artwork in 1,600 locations, and awards a $1 million grant to After School Matters in late 2025, extending a two-decade collaboration exceeding $3.7 million; it also raises its return target under a new CEO plan targeting expansion into six more cities through 2028, including Alabama, Louisiana, and Ohio.