Bank of America Corporation
BAC.SW
Swiss Exchange29.28
CHF
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Bank of America Corporation
BAC.SW
(Swiss Exchange)
Recent
price
29.28
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Bank of America Corporation Bank of America Corporation (BAC.SW) is a multinational financial services holding company providing banking, investment, and wealth management solutions to consumers, small businesses, mid-market companies, large corporations, institutional investors, and governments worldwide. Headquartered in Charlotte, North Carolina, with roots tracing to 1904 via its Bank of Italy predecessor and formalized through the 1998 merger of NationsBank and Bank of America, the company operates through key segments including Consumer Banking, which offers checking and savings accounts, certificates of deposit, IRAs, credit and debit cards, residential mortgages, home equity loans, automotive financing, and Merrill Edge stockbroker services; Global Wealth & Investment Management, delivering investment management, brokerage, banking, trust, retirement products, and customized wealth solutions via Merrill Lynch Wealth Management; Global Banking, encompassing commercial loans, leases, commitment facilities, trade finance, commercial real estate lending, treasury management, foreign exchange, merchant services, debt and equity underwriting, and merger advisory; and Global Markets, providing market-making, financing, securities clearing, settlement, custody, and risk management via derivatives, fixed-income, and mortgage products. With approximately 4,200 retail financial centers, 16,000 ATMs, and digital platforms serving over 67 million consumers and small business clients primarily in the United States, supplemented by international operations in over 35 countries including major offices in New York, London, Hong Kong, Singapore, Tokyo, Frankfurt, and Dublin, Bank of America serves 95% of U.S. Fortune 1,000 companies and 78% of Global Fortune 500 firms through platforms like CashPro for payments and liquidity, Global Payments Solutions, Merchant Services, and award-winning Global Research. In recent developments, the company plans to open over 150 new financial centers by 2027, including 40 in 2025 and 70 in 2026, following more than $5 billion invested in branch expansions and renovations since 2016 to target growing U.S. markets and enhance client engagement amid digital growth.