- 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
- Jan 28, 2022
- Business
- Bank of America Corporation is a multinational financial services holding company headquartered in Charlotte, North Carolina, founded in 1998 following a merger. It offers a comprehensive range of banking, investing, asset management, and other financial and risk management products and services to individual consumers, small and middle-market businesses, and large corporations. Its main product lines include consumer banking with deposit accounts, credit cards, mortgages, home equity loans, auto loans, and small business banking; global banking services encompassing corporate lending, investment banking, and commercial banking; wealth management and investment services via Merrill Lynch and U.S. Trust; and global markets trading and securities services. The company operates approximately 3,600 retail financial centers and around 15,000 ATMs in the United States and has a presence in over 35 countries. Recent major changes include the appointment of co-presidents to drive strategic initiatives such as expanding artificial intelligence tools, growing market share, and enhancing operational efficiency, along with continued investments in advanced risk forecasting technologies, blockchain and tokenized deposit services to strengthen fintech leadership and client service capabilities. Bank of America focuses on responsible growth, digital innovation, and expanding its capabilities globally while serving nearly 70 million consumer and small business clients, positioning itself as a leader in wealth management, corporate and investment banking, and global markets trading. The corporation also emphasizes ESG integration in wealth offerings and leads market support for approximately four million small business households through innovative online platforms. Its stock trades on the New York Stock Exchange under the ticker BAC. The company maintains a vast and diverse portfolio across various financial segments to support a broad client base worldwide.