Bank of America Corp - Company Profile
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Bank of America Corp (BoA) is a global financial institution that provides a wide range of banking, investing, asset management, and financial and risk management products and services. The company's major offerings include credit cards, savings accounts, mortgages, auto loans, and investment services. It also offers wealth management services. The company serves individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments. BoA operates through financial centers, ATMs, and online and mobile banking platforms to reach its diverse customer base. The company has a significant presence in North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. BoA is headquartered in Charlotte, North Carolina, the US.
Headquarters
United States of America
Address
Bank Of America Corporate Center, 100 N Tryon St, Charlotte, North Carolina, 28255
Website
www.bankofamerica.com
Telephone
1 704 3865681
No of Employees
211,000
Industry
Financial Services
Ticker Symbol & Exchange
BAC (NYSE)
Revenue (2024)
$191.6B
-2.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
13.1%
(2024 vs 2023)
Market Cap*
$449.1B
Net Profit Margin (2024)
XYZ
16.0%
(2024 vs 2023)
* As of and is in US$
Bank of America Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts and Deposits: | Investment and Brokerage | Bank of America |
| Money Market Savings | Retirement and Benefit Plan | |
| Traditional Savings | Estate and Financial Planning | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Plans/Strategy | In August, the bank launched a US$250 billion lending and investment initiative focused on advancing U.S. technology and energy infrastructure through 2026. |
| 2026 | Contracts/Agreements | In August, the bank signed a joint venture agreement to acquire a 49.9% stake in Jio Credit for US$1.9 billion. |
| 2026 | Plans/Strategy | In July, the bank announced its plans to acquire MDSec Consulting Limited, a British information security consultancy. |
Competitor Comparison
| Key Parameters | Bank of America Corp | JPMorgan Chase & Co | Citigroup Inc | The Goldman Sachs Group Inc | Wells Fargo & Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Charlotte | New York | New York | New York | San Francisco |
| State/Province | North Carolina | New York | New York | New York | California |
| No. of Employees | 211,000 | 320,560 | 219,000 | 46,200 | 197,466 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Brian T. Moynihan | Chief Executive Officer; Chairman | Executive Board | 2014 | 66 |
| Alastair M. Borthwick | Executive Vice President; Chief Financial Officer | Senior Management | 2025 | 57 |
| Sheri B. Bronstein | Chief People Officer | Senior Management | 2019 | 57 |
| Geoffrey S. Greener | Chief Risk Officer | Senior Management | 2014 | 61 |
| Len Botkin | Chief Audit Executive | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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