- 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 2, 2009
- Business
- Bank of America Corporation operates as a multinational financial services company providing a broad range of banking, investing, asset management, and other financial and risk management products and services. The company caters to individual consumers, small and middle-market businesses, large corporations, and institutional clients. Its core offerings include consumer banking, global wealth and investment management through Merrill and U.S. Trust, global banking services, global markets trading, treasury solutions, and lending products such as mortgages, loans, and credit cards. The corporation's operations span across the United States and internationally, with a significant presence in global financial markets. Founded in 1904 and headquartered in Charlotte, North Carolina, Bank of America is one of the largest financial institutions in the world.
Recent major developments include strategic partnerships and investments in fintech, notably a deepened strategic investment in iCapital to enhance alternative investing technology for wealth and asset management. In 2025, Bank of America launched new fixed-income product offerings and introduced 401k Pay, a retirement income solution aimed at simplifying income management for retirees. The company also expanded its global sports partnerships, including collaborations with prominent figures such as Sir David Beckham, reflecting a broader strategic focus on brand engagement and global presence. Additionally, Bank of America plans to offer crypto allocations to its wealth clients starting in 2026, marking an expansion into digital asset investment options. The company continues to emphasize advances in AI and digital capabilities, winning innovation awards and supporting technology-driven growth in the financial services sector.
Bank of America's subsidiaries include Merrill Lynch, a leading wealth management and investment firm, and U.S. Trust, servicing ultra-high-net-worth clients. The company remains committed to responsible growth, supporting community initiatives, and delivering consistent financial performance within a well-defined risk management framework. These strategic initiatives and product expansions position Bank of America to maintain its competitive edge in global financial markets while addressing evolving client needs and technological advancements.