- 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
- Feb 1, 2021
- Business
- Bank of America Corporation (NYSE: BAC) operates as a multinational financial services holding company engaged in commercial banking, wealth management, and investment banking. The company provides consumer banking products including checking and savings accounts, credit cards, mortgages, home equity loans, and auto loans; small business banking solutions such as business loans, merchant services, and cash management tools via platforms like CashPro; global corporate and commercial banking services encompassing investment banking, capital markets advisory, global payments, asset-based lending, and treasury services; and wealth management offerings through Merrill Lynch Wealth Management, Merrill Edge self-directed investing, and Merrill Guided Investing, which manage over $1 trillion in assets. It serves individual consumers, small businesses, mid-sized companies, and large corporations across consumer banking, global banking, global markets, and wealth management segments, with approximately 4,600 retail financial centers, 16,000 ATMs, and digital banking platforms supporting 46 million consumer and small-business relationships primarily in the United States and select international markets including Europe, Asia, and Latin America. Headquartered in Charlotte, North Carolina, at the Bank of America Corporate Center, the company traces its origins to the 1998 merger of NationsBank and Bank of America NT&SA, with roots extending to the Bank of Italy founded in 1904. In recent developments, Bank of America plans to open over 150 new financial centers in more than 60 U.S. markets by the end of 2027, including 40 in 2025 and 70 in 2026, as part of a $5 billion-plus investment in its branch network since 2016 that also encompasses renovations to over 3,000 centers and entry into its 11th new market in Louisville in 2024; the company maintains its position as a leading advisor in mergers and acquisitions and high-yield debt underwriting through BofA Securities.