BAC-PB 📈 Bank of America - Overview

Bank of America Corporation is a global financial institution that provides a wide range of banking and financial services to individuals, small and medium-sized businesses, institutional investors, large corporations, and governments worldwide.

The company operates through four main segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers a variety of financial products and services, including savings and checking accounts, credit and debit cards, mortgages, home equity loans, and personal loans. This segment also provides investment accounts and products, such as brokerage services and retirement accounts.

The Global Wealth & Investment Management segment provides investment management, brokerage, banking, and trust and retirement products and services to high-net-worth individuals and institutional clients. This segment also offers customized wealth management solutions, including specialty asset management services, to help clients achieve their financial goals.

The Global Banking segment offers a range of lending products and services, including commercial loans, leases, and trade finance, as well as treasury solutions, such as cash management and foreign exchange services. This segment also provides working capital management solutions, debt and equity underwriting and distribution, and merger-related and other advisory services.

The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services to institutional clients. This segment also offers a range of securities and derivative products, including interest rate, equity, credit, currency, and commodity derivatives, as well as risk management products to help clients manage their financial risks.

Founded in 1784, Bank of America Corporation is one of the oldest and largest financial institutions in the United States, with a long history of providing financial services to individuals, businesses, and governments. Today, the company is headquartered in Charlotte, North Carolina, and operates a global network of branches, ATMs, and online banking platforms, serving millions of customers worldwide.

For more information, please visit the company's website at https://www.bankofamerica.com.