Bank of America Corp - Company Profile

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Bank of America Corp: Segment Analysis

Business Description

Bank of America Corp (BoA) is a provider of banking products, wealth management, and other related financial solutions.

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Business Segments

Overview

Comprises company's activities related to asset and liability management, non-core mortgage loans, equity investments, other liquidating businesses; corporate activities and residual expense allocations, and accounting reclassifications and eliminations.

Performance

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Overview

Offerings comprise accounts and deposits including money market savings accounts, traditional savings and checking accounts, certificate of deposits, investment accounts, and individual retirement accounts; card products such as debit and credit cards; lending solutions, which consist of home equity loans, secured and unsecured loans, auto loans, home loans, and residential mortgages, among others. Serves individuals and small businesses. Has been working on renovating its financial centers and upgrading ATMs in the US to improve its services to customers. Strives to expand its consumer and small business services in new markets, while enhancing its presence in the existing markets.

Performance

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Overview

Offerings comprise global investment banking, commercial banking, corporate banking, and business banking operations. Provides lending solutions, working capital management, and treasury solutions, advisory and underwriting services essentially to commercial real estate firms, middle-market companies, not-for-profit organizations, large global corporate clients, leasing clients, financial institutions, and mid-sized US-based businesses. Has been focusing on digital enhancements using data and intelligence to serve its customers efficiently, while enhancing its connectivity and access.

Performance

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Overview

Offers sales and trading services to institutional clients in fixed income, currency, credit, commodities and equity businesses. Includes securities and derivative products, risk management solutions, market-making, securities clearing, financing, settlement, and custody services.

Performance

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Overview

Comprises BoA's wealth management business, which operates through Bank of America Private Bank, and Merrill Lynch Global Wealth Management businesses (MLGWM). The Bank of America Private Bank offers wealth structuring, trust service, investment management, and banking solutions such as specialty asset management to high net worth and ultra-high net worth individuals. MLGWM provides brokerage, investment management, banking, and retirement solutions to clients with approximately US$250,000 in total investable assets. Has been focusing on adding advisors, digital capabilities, and new products.

Performance

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Geographical Segments

Target Markets

India, Singapore, South Korea, China, Hong Kong, Malaysia, Australia, Japan, Taiwan, Thailand, and Indonesia.

Performance

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Target Markets

Belgium, France, Germany, Italy, the UK, the UAE, the Netherlands, Switzerland, Spain, and Ireland.

Performance

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Target Markets

Brazil and Mexico.

Performance

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Performance

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