Bank of America company info

What does Bank of America do?

Bank of America (NYSE:BAC) is a multinational investment bank and financial services company headquartered in Charlotte, North Carolina. It offers banking, investing, asset management, risk management, and other financial and non-financial services to individuals, SMEs, and large corporations. The company's operations span across 40 countries worldwide and include key projects aimed at driving growth, innovation, and customer satisfaction. Bank of America's objectives include advancing the financial lives of its customers, fostering economic growth, sustaining responsible business practices and delivering long-term value to its shareholders.
Bank of America  company media

Company Snapshot

Is Bank of America a public or private company?

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Ownership

Public

How many people does Bank of America employ?

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Employees

206,686

What sector is Bank of America in?

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Sector

Financials

Where is the head office for Bank of America ?

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Head Office

Charlotte, United States

What year was Bank of America founded?

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Year Founded

1998

What does Bank of America specialise in?

/Consumer Banking /Wealth Management /Investment Banking /Mortgage Services /Credit Cards /Asset Management

What are the products and/or services of Bank of America ?

Overview of Bank of America offerings
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.

Who is in the executive team of Bank of America ?

Bank of America leadership team
  • Photo of Mr. Brian Thomas Moynihan
    Mr. Brian Thomas Moynihan
    Chairman, CEO & President
  • Photo of Mr. Alastair M. Borthwick
    Mr. Alastair M. Borthwick
    Chief Financial Officer
  • Photo of Mr. Matthew M. Koder
    Mr. Matthew M. Koder
    President of Global Corporate & Investment Banking
  • Photo of Mr. Dean C. Athanasia
    Mr. Dean C. Athanasia
    President of Regional Banking
  • Photo of Mr. James P. DeMare
    Mr. James P. DeMare
    President of Global Markets
  • Photo of Mr. Thomas M. Scrivener
    Mr. Thomas M. Scrivener
    Chief Operations Executive
  • Photo of Mr. Aditya  Bhasin
    Mr. Aditya Bhasin
    Chief Technology & Information Officer
  • Photo of Mr. Darrin Steve Boland
    Mr. Darrin Steve Boland
    Chief Administrative Officer