- 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
- Jul 18, 2018
- Business
- Bank of America Corporation Bank of America Corporation provides banking and financial services to consumers, small and middle-market businesses, institutional investors, large corporations and governments worldwide through its four main segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. Consumer Banking offers deposit products including checking, savings and time deposits; lending products such as residential mortgages, home equity loans, credit cards, direct and indirect consumer loans; and investment products through Merrill Edge self-directed brokerage. GWIM delivers wealth management solutions including brokerage, investment advisory, retirement products, trust services and specialty asset management via Merrill Lynch Wealth Management. Global Banking provides lending including commercial loans, leases, commitment facilities, trade finance and commercial real estate lending; treasury services encompassing treasury management, foreign exchange and merchant services; and capital markets services such as debt and equity underwriting, merger advisory and distribution. Global Markets offers market-making, financing, securities clearing, settlement and custody services alongside risk management products utilizing derivatives, foreign exchange, fixed-income and mortgage-related securities. The company, headquartered in Charlotte, North Carolina, traces its origins to 1904 through predecessor institutions and formed via the 1998 merger of NationsBank and BankAmerica, with operations spanning approximately 4,600 financial centers and 16,000 ATMs primarily in the U.S. and select international markets including Europe, Asia and Latin America. In a major recent expansion, Bank of America Corporation plans to open over 150 new financial centers across more than 60 U.S. markets by the end of 2027, including 40 in 2025 and 70 in 2026, building on over $5 billion invested in its branch network since 2016 amid evolving client engagement trends favoring hybrid digital-physical presence.