Bank of America Corporation Overview
Company: | Bank of America Corporation |
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CEO: | Mr. Brian Thomas Moynihan |
Founded: | 1998 |
Symbol: | BAC |
Exchange: | NYSE |
Industry: | Banks - Diversified |
Sector: | Financial Services |
About |
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions,luding specialty asset management services. Its Global Banking segment provides lending products and services,luding commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina. |
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Ranking:
5 among 2928 companies
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Address:
Bank of America Corporate Center
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City | State | Country:
Charlotte | NC |
US
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Phone:
704 386 5681
- Website:
Bank of America Corporation (BAC)
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Bank of America Corporation’s revenue by segment: Investment and Brokerage Services: $17.77 B, Investment And Brokerage Services, Asset Management Fees: $13.88 B, Investment And Brokerage Services, Brokerage Fees: $3.89 B, Investment Banking Fees: $6.19 B, Investment Banking Income, Financial Advisory Services: $1.69 B, Investment Banking Income, Syndication Fees: $1.22 B, and Investment Banking Income, Underwriting Income: $3.28 B in 2024.
Income Statement
Assets & Liabilities | Cash Flow
Ratios
Profitability
Valuation
Bank of America Corporation;BAC;https://bullfincher.io/logos/us/BAC.png;bank-of-america-corporation | 192434000000.00 |
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JPMorgan Chase & Co.;JPM;https://bullfincher.io/logos/us/JPM.png;jpmorgan-chase-co | 270789000000.00 |
Citigroup;C;https://bullfincher.io/logos/us/C.png;citigroup | 170707000000.00 |
Frequently Asked Questions
When was Bank of America Corporation founded?
Bank of America Corporation was founded on 1998, which makes the company 27 years old.
Who is the CEO of Bank of America Corporation?
Mr. Brian Thomas Moynihan is the CEO of Bank of America Corporation.
What industry and sector is Bank of America Corporation in?
Bank of America Corporation operates in the Banks - Diversified industry and the Financial Services sector.
What are Bank of America Corporation's CIK, SIC, and ISIN codes?
- CIK (Central Index Key): 0000070858
- SIC (Standard Industrial Classification): 6021
- ISIN (International Securities Identification Number): US0605051046
How many employees does Bank of America Corporation have?
Bank of America Corporation has 213,000 employees.
What is the revenue of Bank of America Corporation?
In fiscal year 2024, Bank of America Corporation generated a revenue of $192.43 Billion.
What is the net income of Bank of America Corporation?
In fiscal year 2024, Bank of America Corporation reported a net income of $27.13 Billion.
What is Bank of America Corporation's biggest product segment?
Investment and Brokerage Services is Bank of America Corporation's biggest product segment, representing 37.09% of its total revenue.
When was Bank of America Corporation listed on the stock exchange?
Bank of America Corporation went public on Feb 21, 1973, through its Initial Public Offering (IPO), and it has been 52 years since then.
What is the ticker symbol of Bank of America Corporation, and where is it listed?
Bank of America Corporation's ticker symbol is BAC, and the company is listed on the NYSE stock market exchange.
What is Bank of America Corporation's current stock price?
Bank of America Corporation's current stock price is $45.04 as of Jun 18, 2025.
What is Bank of America Corporation's ranking in the world?
Ranked #5among 2,928 companies based on market cap.
Who are the top competitors of Bank of America Corporation?
Competitors of Bank of America Corporation include JPMorgan Chase & Co. and Citigroup, and more.