Bank of America Corporation PFD SER B 7%
BACRP
Other OTC185.77
USD
+4.77
- -
Bank of America Corporation PFD SER B 7%
BACRP
(Other OTC)
Recent
price
185.77
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Bank of America Corporation (BAC) operates as a multinational financial holding company providing a broad range of banking and financial services to individual consumers, small and middle market businesses, institutional investors, corporations, and governments worldwide. The company offers consumer banking products and services including deposit accounts, credit and debit cards, mortgages, home equity loans, auto loans, certificates of deposit, and digital banking platforms; small business lending, cash management, and merchant services; wealth management solutions through Merrill Lynch encompassing self-directed investing via Merrill Edge, guided investing portfolios, and dedicated advisory services; global banking for corporations featuring cash management, trade finance, and treasury services; and global markets operations with investment banking, market-making, equities, fixed income, commodities, and foreign exchange trading. Through its eight principal lines of business, Bank of America serves clients across the United States and in select international markets, with a network of financial centers emphasizing digital tools, personal consultations, and community-focused financial health initiatives. Founded in 1904 and headquartered in Charlotte, North Carolina, the company maintains investment banking operations in Manhattan and continues to expand its physical presence with over 150 new financial centers planned across 60 U.S. markets by end-2027, including 40 openings in 2025 and 70 in 2026. Recent strategic developments include raising its return on tangible common equity target to 16%-18% under a new profitability plan announced in November 2025, alongside expansion into six additional U.S. cities such as Alabama, Louisiana, and Ohio by 2028 to access over $222 billion in deposits; issuance of new preferred stock series including Series OO in April 2025 and Series UU in July 2025 to bolster capital structure; and sustained investments exceeding $5 billion since 2016 in modernizing its branch network, exemplified by the opening of a prominent financial center at 2 Bryant Park in New York City.