- Business
- Bank of America Corporation (NYSE: BAC) provides a broad range of banking and financial services to individual consumers, small and middle market businesses, large corporations and governments worldwide. The company offers deposit products, including checking, savings and certificates of deposit; consumer lending products such as credit cards, residential mortgages and home equity loans; and commercial lending products like commercial real estate loans, asset-based lending and leasing services. Its investment services encompass wealth management through Merrill Lynch, brokerage, advisory and retirement products; institutional banking includes global markets, sales and trading in fixed income, currencies, commodities and equities; and corporate banking provides treasury services, capital markets and advisory solutions. Bank of America operates through four primary business segments: Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets, serving clients across the United States and in more than 35 countries. Founded in 1904 as the Bank of Italy and headquartered in Charlotte, North Carolina, the company continues to expand its digital banking capabilities and sustainable finance initiatives. In recent developments, Bank of America has deepened strategic partnerships with fintech firms for enhanced digital payments and announced expansions in its ESG-focused lending portfolio amid ongoing regulatory adaptations in 2025.