Bank of America Corporation
BAC-PL
New York Stock Exchange1,204.90
USD
+5.90
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Bank of America Corporation
BAC-PL
(New York Stock Exchange)
Recent
price
1,204.90
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Bank of America Corporation (NYSE:BAC; BAC-PL) operates as one of the world's leading financial institutions, providing a comprehensive range of banking, investing, asset management, and risk management products and services to individual consumers, small and middle-market businesses, and large corporations through its four primary segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. Consumer Banking offers deposit products including checking, savings, and money market accounts; certificates of deposit and IRAs; consumer lending such as mortgages, credit cards, and personal loans; small business services; and merchant services, supported by a nationwide network of branches and digital banking tools. GWIM delivers investment management, brokerage, banking, trust, retirement solutions, and wealth management via Merrill Lynch Wealth Management, Merrill Edge self-directed investing, and Merrill Guided Investing portfolios; Global Banking provides lending, treasury services, advisory, capital markets, and investment banking; while Global Markets offers sales, trading, research, and hedging products across equities, commodities, foreign exchange, and fixed income. Founded in 1904 as Bank of Italy in San Francisco and headquartered in Charlotte, North Carolina, the company maintains extensive operations across the United States and in select international markets, serving retail clients, institutional investors, and corporations globally with subsidiaries including Merrill Lynch and BofA Securities. Recent strategic initiatives include plans to open over 150 new financial centers by 2027—including 40 in 2025 and 70 in 2026—across 60 U.S. markets with over $5 billion in investments to enhance customer engagement and expand into underserved areas such as six additional cities by 2028; expansion of return-on-tangible-common-equity targets amid efforts to align with industry peers; and ongoing community commitments exemplified by a $1 million grant to After School Matters in 2025, building on over two decades of partnership and $3.7 million in prior funding.