Bank of America (NYSE: BAC) — Company Overview, News & Financial Data
Bank of America is a multinational financial services corporation headquartered in Charlotte, North Carolina.
Bank of America
Bank of America is a multinational financial services corporation headquartered in Charlotte, North Carolina. The institution provides comprehensive retail banking, wealth management, corporate banking, and capital markets services to individual consumers, small and middle-market businesses, large corporations, and institutional investors. Operating across the United States and international commercial financial centers, its financial solutions encompass checking and savings deposit accounts, credit cards, residential mortgages, investment advisory services through dedicated wealth management divisions, wholesale treasury solutions, commercial lending, equity and fixed income underwriting, and financial risk management capabilities.
Snapshot
Operations
Products and/or services of Bank of America
- Consumer Banking: Comprehensive retail banking and financial products including checking and savings deposit accounts, credit and debit card issuing, home mortgage originations, auto financing solutions, and digital personal banking services for consumers and small business owners nationwide.
- Global Wealth and Investment Management: Comprehensive financial advisory, investment management, brokerage, trust, and customized estate planning services delivered through specialized wealth divisions to high-net-worth individuals, families, asset managers, and corporate institutions worldwide.
- Global Banking: Specialized treasury management, commercial lending, corporate financing, working capital solutions, trade finance, investment banking advisory, and debt and equity underwriting tailored for middle-market companies, large corporate clients, and financial institutions globally.
- Global Markets: Institutional sales, market making, liquidity provision, risk management, financing, and trading execution services spanning fixed income, currencies, commodities, derivatives, and equity instruments for institutional investors, hedge funds, and corporate entities worldwide.
- Residential Mortgage and Home Equity Lending: Customized first-mortgage originations, home loan refinancing options, and home equity lines of credit designed to support residential real estate purchases, property refinancing, and personal home equity access across consumer markets.
- Card Services and Merchant Solutions: Diversified credit card issuance programs featuring cash back, travel, and introductory rate rewards alongside merchant payment processing services, electronic settlement systems, and commercial credit solutions for consumers and commercial clients.
Bank of America executive team
- Mr. Brian Thomas MoynihanChairman & CEO
- Mr. Dean C. AthanasiaCo-President
- Mr. James P. DeMareCo-President
- Mr. Alastair M. BorthwickExecutive VP & CFO
- Mr. Matthew M. KoderPresident of Global Corporate & Investment Banking
- Mr. Thomas M. ScrivenerChief Operations Executive
- Mr. Johnbull E. OkparaChief Accounting Officer
- Mr. Hari GopalkrishnanChief Technology & Information Officer
- Mr. E. Lee McEntireHead of Investor Relations & Local Markets Organization
- Ms. Lauren A. Mogensen J.D.Global General Counsel