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Bank of America Corp (BoA) is a bank and financial holding company that offers a range of banking products, wealth management services, and other related financial solutions through its subsidiaries. Its portfolio of offerings comprises deposit services, loans, credit and debit cards, certificates of deposits, and investment solutions. The company offers services such as working capital management, investment banking, wealth management, treasury, market-making, financing, securities clearing, settlement, and custody services. It serves individuals, small and middle-market businesses, institutional investors, large corporations, and governments. The company has an operational presence in the Americas, Asia-Pacific, Europe, the Middle East, and Africa. BoA is headquartered in Charlotte, North Carolina, 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 3868486
No of Employees
210,000
Industry
Financial Services
Ticker Symbol & Exchange
BAC (NYSE)
Revenue (2023)
$115.1B
22.6%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-13.9%
(2023 vs 2022)
Market Cap*
$229.3B
Net Profit Margin (2023)
XYZ
-29.8%
(2023 vs 2022)
* As of and is in US$
Bank of America Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | Investment and Brokerage |
| Traditional Savings | Retirement and Benefit Plan |
| Money Market 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 |
|---|---|---|
| 2023 | Plans/Strategy | In February, the company announced its plans to offer consumers the option of financing their residential electric vehicle chargers alongside their auto loans. |
| 2023 | New Products/Services | In February, Merrill launched Merrill Video Pro, a virtual video studio for financial advisors. |
| 2023 | Contracts/Agreements | In January, the company entered into an agreement to sell its Irish depositary business to Apex Group. |
Competitor Comparison
| Key Parameters | Bank of America Corp | JPMorgan Chase & Co | Citigroup Inc | Wells Fargo & Co | The Goldman Sachs Group Inc |
|---|---|---|---|---|---|
| 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 | San Francisco | New York |
| State/Province | North Carolina | New York | New York | California | New York |
| No. of Employees | 210,000 | 278,494 | 231,000 | 243,674 | 47,000 |
| 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 | 62 |
| Paul M. Donofrio | Vice Chairman | Executive Board | 2021 | 61 |
| Alastair M. Borthwick | Chief Financial Officer | Senior Management | 2021 | 53 |
| D. Steve Boland | Chief Administrative Officer | Senior Management | 2021 | 53 |
| Geoffrey S. Greener | Chief Risk Officer | Senior Management | 2014 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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