Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $275.10 MXN
Change Today -1.20 / -0.43%
Volume 30.2K
As of 4:09 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

Bank of America Corporate Center

100 North Tryon Street

Charlotte, NC 28255

United States

Phone: 704-386-5681

Fax:

Bank of America Corporation, a financial institution, provides a range of banking, investing, asset management, and other financial and risk management products and services to individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments. As of December 31, 2014, 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. It serves approximately 48 million consumer and small business relationships with approximately 4,800 banking centers; 15,800 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 & Business Banking, Consumer Real Estate Services (CRES), Global Wealth & Investment Management, Global Banking, and Global Markets, with the remaining operations recorded in All Other. Consumer & Business Banking This segment, including Deposits and Consumer Lending, offers a range of credit, banking, and investment products and services to consumers and businesses. The company’s customers and clients have access to a franchise network that stretches coast to coast through 32 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 banking centers and ATMs. Business Banking within Deposits provides a range of lending-related products and services, integrated working capital management and treasury solutions to clients through the company’s network of offices and client relationship teams along with various product partners. The company’s clients include the U.S.-based companies with annual sales of $1 million to $50 million. The company’s lending products and services include commercial loans, lines of credit, and real estate lending. Its capital management and treasury solutions include treasury management, foreign exchange, and short-term investing options. Deposits also include the results of the company’s merchant services joint venture. Consumer Lending: Consumer Lending is an issuer of credit and debit cards to consumers and small businesses in the U.S. The company’s lending products and services also include direct and indirect consumer loans, such as automotive, marine, aircraft, recreational vehicle, and consumer personal loans. CRES This segment’s operations include Home Loans and Legacy Assets & Servicing. Home Loans is responsible for ongoing residential first mortgage and home equity loan production activities and the CRES home equity loan portfolio not selected for inclusion in the Legacy Assets & Servicing owned portfolio. Legacy Assets & Servicing is responsible for the company’s mortgage servicing activities related to loans serviced for others and loans held by the company, including loans that have been designated as the Legacy Assets & Servicing Portfolios. CRES, primarily through its Home Loans operations, provides a line of consumer real estate products and services to customers nationwide. CRES products offered by Home Loans include fixed- and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. First mortgage products are either sold into the secondary mortgage market to investors, while the company retains mortgage servicing rights (which are on the balance sheet of Legacy Assets & Servicing) and its customer relationships, or are held on th

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BAC*:MM $275.10 MXN -1.20

BAC* Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Agricultural Bank of China Ltd CNY3.01 CNY +0.03
Bank of China Ltd CNY3.89 CNY 0.00
Citigroup Inc $53.28 USD -0.16
HSBC Holdings PLC 518.70 GBp -1.00
Industrial & Commercial Bank of China Ltd CNY4.23 CNY -0.01
View Industry Companies
 

Industry Analysis

BAC*

Industry Average

Valuation BAC* Industry Range
Price/Earnings 17.4x
Price/Sales 2.1x
Price/Book 0.7x
Price/Cash Flow 14.9x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

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.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.