Bank of America Corp - Company Profile
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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. The portfolio of its offerings comprises deposit services, loans, credit and debit cards, certificates of deposits, and investment solutions. The company offers services such as working capital management, wealth management, investment banking, treasury, market-making, financing, settlement, securities clearing, 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, 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
213,000
Industry
Financial Services
Ticker Symbol & Exchange
BAC (NYSE)
Revenue (2022)
$171.9B
49.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-3.7%
(2022 vs 2021)
Market Cap*
$282.4B
Net Profit Margin (2022)
XYZ
-35.6%
(2022 vs 2021)
* As of and is in US$
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 |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company and Starbucks entered into a partnership to provide increased benefits to Bank of America cardholders and Starbucks Rewards members across the US. |
| 2024 | New Products/Services | In January, the company introduced the CashPro Insights digital tool. |
| 2023 | Contracts/Agreements | In December, the bank expanded its naming rights agreement with the Carolina Panthers for Bank of America Stadium. |
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 | 213,000 | 309,926 | 239,000 | 226,000 | 45,300 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Brian T. Moynihan | Chairman; President; Chief Executive Officer | Executive Board | 2014 | 64 |
| Paul M. Donofrio | Vice Chairman | Senior Management | 2021 | 63 |
| Alastair M. Borthwick | Chief Financial Officer | Senior Management | 2021 | 55 |
| Darrin Steve Boland | Chief Administrative Officer | Senior Management | 2021 | 55 |
| Geoffrey S. Greener | Chief Risk Officer | Senior Management | 2014 | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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