Bank of America Corporation
BML-PH
New York Stock Exchange19.46
USD
-0.06
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Bank of America Corporation
BML-PH
(New York Stock Exchange)
Recent
price
19.46
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Bank of America Corporation (NYSE: BAC; BML-PH) operates as a multinational financial services holding company headquartered in Charlotte, North Carolina, with roots tracing back to 1904; the firm serves individual consumers, small and middle-market businesses, large corporations, institutional investors, governments, and high-net-worth individuals through a comprehensive suite of banking, investing, asset management, and risk management products and services including traditional and money market savings accounts, certificates of deposit, IRAs, checking accounts, credit and debit cards, residential mortgages, home equity loans, automotive and consumer personal loans, brokerage services via Merrill Lynch, private banking, investment banking, corporate and commercial real estate lending, capital markets operations, trading across asset classes, wealth management, and digital banking tools such as the Erica virtual assistant; the company maintains approximately 3,600 retail financial centers, 15,000 ATMs, and operations in the United States, its territories, and more than 35 countries, supporting nearly 70 million consumer and small business clients alongside 59 million verified digital users and 4 million small business households. Recent strategic initiatives include a $13 billion annual technology budget with $4 billion allocated to new AI and machine learning projects in 2025 to enhance digital engagement across consumer banking, global wealth and investment management, and global banking segments; plans to open over 150 new financial centers in 60 markets by 2027, including expansions into Birmingham, Alabama, Boise, Idaho, and Milwaukee, Wisconsin, as part of a "high tech and high touch" regional growth strategy through 2026; the launch of 401k Pay, a comprehensive retirement income management solution; deepened global sports partnerships such as with Sir David Beckham, the Great Ethiopian Run, Philadelphia Flyers, 76ers, and Xfinity Mobile Arena; and a $250 million commitment to address hunger and basic needs in U.S. communities, alongside AI-driven innovations like CashPro Chat that achieved record corporate client usage.