Stock Code: BAC
Company Details:
Bank of America Corporation Overview
Bank of America Corporation is a global financial institution that offers a wide array of banking and financial services through its subsidiaries. It serves individual consumers, small and medium-sized businesses, institutional investors, corporations, and governments around the world. The company operates across four key divisions: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.
Consumer Banking
Consumer Banking provides a range of personal financial products such as traditional and money market savings accounts, certificates of deposit, and IRAs. It also offers both non-interest-bearing and interest-bearing checking accounts, as well as investment products. Customers can access credit and debit cards, residential mortgages, home equity loans, and a variety of personal loans for vehicles, recreational vehicles, and other consumer needs.
Global Wealth & Investment Management (GWIM)
Global Wealth & Investment Management (GWIM) delivers investment management, brokerage services, and banking solutions to help clients manage their wealth. This division also provides customized services, such as specialty asset management, retirement planning, and trust services for high-net-worth individuals.
Global Banking
Global Banking focuses on providing commercial banking solutions, including loans, leases, and trade finance. It also offers treasury services, foreign exchange, and merchant services. Additionally, this segment supports businesses with capital raising, advisory services related to mergers, and equity and debt underwriting.
Global Markets
Global Markets specializes in offering financial products and services related to market-making, securities clearing, and financing. It provides a range of derivatives and securities products, along with risk management tools that encompass interest rate, equity, credit, currency, and commodity derivatives.
Company History and Headquarters
Founded in 1784 and headquartered in Charlotte, North Carolina, Bank of America has grown into one of the largest and most prominent financial institutions globally.
Bank of America Corporation
Bank of America Corporate Center
100 North Tryon Street
Charlotte, NC 28255
United States
704 386 5681
https://www.bankofamerica.com
Sector:
Financial Services
Industry: Banks - Diversified
Full Time Employees:
212,000