Bank of America Corporation, a financial institution, provides a range of banking, investing, asset management, and other financial and risk management products and services. The company serves individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments. As of December 31, 2015, the company operated in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and approximately 35 countries. The company’s retail banking footprint covers approximately 80 percent of the U.S. population. The company serves approximately 47 million consumer and small business relationships with approximately 4,700 retail financial centers; approximately 16,000 ATMs; nationwide call centers; and major online and mobile banking platforms (www.bankofamerica.com). The company offers support to approximately 3 million small business owners. Segments The company operates through five business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, Global Markets and Legacy Assets & Servicing (LAS), with the remaining operations recorded in All Other. Consumer Banking This segment, including Deposits and Consumer Lending, offers a range of credit, banking and investment products and services to consumers and small businesses. The company’s customers and clients have access to a franchise network that stretches coast to coast through 33 states and the District of Columbia. Deposits: Deposits includes the results of consumer deposit activities, which consist of a range of products provided to consumers and small businesses. The company’s deposit products include traditional savings accounts, money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products. Merrill Edge provides investment advice and guidance, client brokerage asset services, a self-directed online investing platform and key banking capabilities, including access to the company’s network of financial centers and ATMs. Consumer Lending: Consumer Lending offers products to consumers and small businesses across the U.S. The products offered include credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans, such as automotive, marine, aircraft, recreational vehicle and consumer personal loans. Consumer Lending products are available to the company’s customers through its retail network, direct telephone, and online and mobile channels. GWIM This segment consists of two primary businesses, Merrill Lynch Global Wealth Management (MLGWM) and U.S. Trust, Bank of America Private Wealth Management (U.S. Trust). MLGWM’s advisory business provides a high-touch client experience through a network of financial advisors focused on clients with approximately $250,000 in total investable assets. MLGWM provides tailored solutions to meet the company’s clients’ needs through a set of investment management, brokerage, banking, and retirement products. U.S. Trust, together with MLGWM’s Private Banking & Investments Group, provides wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, trust and banking needs, including specialty asset management services. Global Banking This segment, which includes Global Corporate Banking, Global Commercial Banking, Business Banking and Global Investment Banking, provides a range of lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services through the company’s network of offices and client relationship teams. The company’s lending products and services include commercial loans, leases, commitment facilities, trade finance, real estate lending and asset-based lending. The company’s treasury solutions business includes treasury management, foreign exchange and short-term investing options. The company also provides investment banking products to its clients, such as debt and equity underwriting
bank of america corp
(BAC:New York Consolidated)
Bank of America Corporate Center
100 North Tryon Street
Charlotte, NC 28255
The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content.
|No competitor information is available for BAC.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact BANK OF AMERICA CORP, please visit www.bankofamerica.com. Company data is provided by Capital IQ. Please use this form to report any data issues.