Consumer Banking: This is the foundation of Bank of America, providing checking and savings accounts, debit and credit cards, loans (mortgages, auto loans, personal loans), and online banking tools. They are one of the leading providers of these services in the US, serving millions of customers.
Investment Banking: Bank of America is a powerhouse in investment banking, advising companies on mergers and acquisitions, initial public offerings (IPOs), and other financial transactions. They also help businesses raise capital and manage their financial risks.
Merrill Edge: For individual investors, Bank of America offers Merrill Edge, an online brokerage platform providing access to stocks, bonds, mutual funds, and other investment options. This platform caters to both beginner and experienced investors.
Global Markets: Bank of America is a major player in global markets, providing services across debt, equity, commodity, and foreign exchange markets. This includes liquidity, hedging strategies, market insights, and competitive pricing for institutional clients like hedge funds, asset managers, and other financial institutions.
Small Business Banking: Bank of America supports small businesses with various services like loans, lines of credit, cash management, and business banking accounts. They also offer resources and expertise to help small businesses grow and succeed.
Community & Corporate Responsibility: Bank of America invests in programs and initiatives that address social and environmental issues in the communities it serves. They focus on areas like affordable housing, economic development, education, and environmental sustainability.
