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, including specialty asset management services. Its Global Banking segment provides lending products and services, including 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.
10h ago
Blue-Chip Stock Rating Updates: Bank of America (BAC) Upgraded to Bullish, Allstate (ALL) Downgraded to Bearish
10h ago
BofA Upgraded, Allstate Downgraded: What Long-Term Value Investors Need to Know About Fundamental Shifts
Yesterday 03:08
BofA Strategist Cautions That Market Rally Is Fragile; BAC Faces Credit Risks but Maintains Strong Long-Term Value
Yesterday 03:08
BofA Strategist Warns Market Rebound Remains Fragile, BAC May Face Near-Term Pressure
18/10
Bank of America Declares Preferred Stock Dividends, Underscoring Financial Strength and Commitment to Shareholders
18/10
Bank of America Announces Preferred Stock Dividends, Expected to Provide Short-Term Boost to BAC Shares
18/10
Merrill Lynch Employee Embezzlement Settlement Dampens Bank of America’s Reputation but Fundamentals Remain Strong
18/10
Bank of America Merrill Lynch Settles Employee Misappropriation Case, May Weigh on BAC Stock in the Short Term
17/10
Bank of America Redeems €1.75 Billion Bonds Early, Strengthening Financial Resilience
17/10
Bank of America Redeems €1.75 Billion Bonds Early, Short-Term Speculators May Turn Bullish on BAC
17/10
Bank of America Raises Stake in DCC PLC to 3.54%, Signaling Institutional Confidence but No Material Impact on BAC's Fundamentals
17/10
Bank of America Raises Stake in DCC Beyond Key Threshold, Potentially Triggering Minor Short-Term Fluctuations in BAC Shares
16/10
BAC Earnings Surpass Expectations with ROTCE Target in Sight, Presenting Short-Term Speculative Opportunities
16/10
Bank of America Q3 Profit Beats Estimates as Investor Day ROTCE Target Takes Center Stage
16/10
Bank of America Sees Price Target Raised as Strong Earnings and $40 Billion Buyback Boost Market Confidence
16/10
Keefe, Bruyette & Woods Raises BAC Price Target to $58 as Share Buyback Boosts Market Confidence