Bank of America Corporation (BAC-PB) NYSE

25.17

-0.03(-0.12%)

Updated at July 03 01:00PM

Currency In USD

Bank of America Corporation

Address

Bank of America Corporate Center

Charlotte, NC 28255

United States of America

Phone

704 386 5681

Sector

Financial Services

Industry

Banks - Diversified

Employees

213000

First IPO Date

May 08, 2018

Key Executives

NameTitlePayYear Born
Mr. Brian Thomas MoynihanChairman, Chief Executive Officer & President2.08M1959
Mr. Alastair M. BorthwickChief Financial Officer5.4M1969
Mr. Dean C. AthanasiaPresident of Regional Banking6.15M1967
Mr. Matthew M. KoderPresident of Global Corporate & Investment Banking6.78M1972
Mr. James P. DeMarePresident of Global Markets8.55M1970
Ms. Lauren A. Mogensen J.D.Global General Counsel01963
Mr. Thomas M. ScrivenerChief Operations Executive01972
Mr. Aditya BhasinChief Technology & Information Officer01974
Mr. E. Lee McEntireHead of Investor Relations & Local Markets Organization0N/A
Mr. Johnbull E. OkparaChief Accounting Officer01972

Description

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.