Bank of America Corp.

Description

Bank of America Corporation is a leading global financial institution and a holding company that provides investment, banking, and asset management services.

The bank owns and operates around 17,000 ATMs and claims to have 40 million active users for its digital banking platform,

The bank provides diversified banking and non-banking financial services and products through four reportable segments:

• Global Banking
• Consumer Banking
• Wealth and Investment Management
• Global capital markets

Bank of America caters to business and consumer clients through 4,300 retail financial centers. It provides trust and fiduciary services through Bank of America Private Bank.

The bank claims to provide easy-to-use and transparent financial solutions.

Bank of America's client comprises several large corporations, institutional investors, government, etc.

Through its wholly-owned subsidiary, Merrill Lynch Life Agency Inc, the international bank provides insurance and annuity products.

The bank has significant business operations in Europe, Africa and the Middle East.

The global institution provides various financial solutions as follows:

• Current and savings account
• Online banking
• Non-mortgage and mortgage loans
• Investment products
• Business loans
• Student loans
• Home loans
• Credit cards

The bank, headquartered in North Carolina, claims to focus on the safety and well-being of the staff and stakeholders.

Bank of America also provides various referral rewards programs, consisting of three tiers: Gold, Platinum, Platinum Honor.

JP Morgan Chase, Trust Financial, Frost Bank, etc., are some leading names in the global banking and investment industry.

Bank of America Corporation operates through various direct and indirect subsidiaries in different countries, including:
• Merrill Lynch Professional Clearing Corp
• Eban Incorporated
• FIA Card Services, National Association
• BofA Securities, Inc
• Hampton Funding LLC
• Federal Street Investments S.A.
• White Ridge Investment Advisors LLC

Bank of America Corporation operates through its subsidiaries in the United Kingdom, Ireland, and France.

The stocks trade under the ticker 'BAC' on the New York Stock Exchange.