Bank of America Corporation
BAC-PE
New York Stock Exchange18.79
USD
-0.06
- -
CIK
0000070858
ISIN
US0605058157
CUSIP
060505815
Return %
Stock
S&P500
1Y
-15.36
26.99
3Y
-7.25
77.19
5Y
-25.96
79.08
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Brian Thomas Moynihan
- Full Time Employees
- 213,000
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Address
- Bank of America Corporate Center Charlotte NC United States of America 28255
- IPO Date
- Nov 14, 2006
- CIK
- 0000070858
- Website
- bankofamerica.com
- Similar Companies
- Business
- Bank of America Corporation (NYSE: BAC; BAC-PE) operates as a multinational banking and financial services holding company headquartered in Charlotte, North Carolina, with roots tracing back to 1904 through predecessor institutions including the Bank of Italy founded by Amadeo Giannini; the modern entity formed via the 1998 merger of NationsBank and BankAmerica. It provides a comprehensive range of banking and financial products and services to individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide through four primary segments: Consumer Banking, which offers deposit accounts including checking, savings, certificates of deposit, IRAs, and money market accounts; credit and debit cards; residential mortgages and home equity loans; direct and indirect consumer loans such as automotive, recreational vehicle, and personal loans; Global Wealth & Investment Management, delivering investment management, brokerage, banking, trust, retirement products, wealth management solutions, and specialty asset management services via Merrill Lynch Wealth Management and Merrill Edge Self-Directed Investing; Global Banking, encompassing commercial loans, leases, commitment facilities, trade finance, commercial real estate and asset-based lending, treasury management, foreign exchange, short-term investing, merchant services, working capital solutions, debt and equity underwriting, merger advisory, and distribution through BofA Securities; and Global Markets, providing sales, trading, research, and prime brokerage services across equities, fixed income, currencies, and commodities. The company maintains approximately 4,600 banking centers and 16,000 ATMs primarily across 46 U.S. states, with additional operations in over 40 countries, positioning it as the second-largest U.S. bank by market capitalization and deposits, serving 46 million consumer and small-business relationships. Recent developments include the launch of 401k Pay, a comprehensive retirement income solution, alongside new fixed-income offerings and expanded global sports partnerships such as with the Philadelphia Flyers, Philadelphia 76ers, Xfinity Mobile Arena, Sir David Beckham, and the Great Ethiopian Run; a commitment of $250 million to address hunger and basic needs in U.S. communities; plans to open over 150 new financial centers in more than 60 markets by 2027, including 40 in 2025 and 70 in 2026; enhanced AI-driven capabilities in CashPro Chat and transaction search achieving record corporate client usage; and a raised return target under CEO strategic initiatives to expand into six additional U.S. cities through 2028.