Bank of America Corporation (nyseBAC) is a financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.
The banks 2008 acquisition of Merrill Lynch made Bank of America the worlds largest wealth manager (wealth management) and a major player in the investment banking industry.
The company holds 12.2% of all U.S. deposits, as of August 2009, and is one of the Big Four Banks (Big four banks) of the United States, along with Citigroup, JP Morgan Chase and Wells Fargo ? its main competitors.
Logo: File:Bank of America.svg
Type: Public (Public company),nyseBAC,tyo8648 ,Dow Jones Industrial Average component
Slogan: Bank of Opportunity
Foundation: Bank of Italy (Bank of Italy (USA)) (1904) , NationsBank (1874)
Birth Location: Charlotte, North Carolina, Charlotte, North Carolina, NC, United States
Key People: Charles O. Holliday ,Chairman (Chairman#Corporate governance) of the Board (Board of Directors),Brian Moynihan,President (President#Non-governmental presidents) and CEO (Chief Executive Officer)
Area Served: Worldwide
Industry: Banking,Financial services,Investment services (Investment)
Divisions: List of Divisions (#Bank of America divisions)
Products: Finance and insurance,Consumer Banking (Retail banking),Corporate Banking (Commercial bank),Investment Banking,Investment Management,Global Wealth Management (Private banking),Private Equity,Mortgage,Credit Cards
Revenue: increase $ (United States dollar)150.45 billion (2009)
Equity: profit $231.444 billion (2009)
Net Income: increase $6.276 billion (2009)
Assets: profit $2.223 trillion (2009)
Num Employees: increase 282,408 (June 2009)
Homepage: https://www.bankofamerica.com/ BankOfAmerica.com File:Bank of America Corporate Center.jpgthumbBank of America Corporate Center, located in the center of uptown Charlotte, North Carolina. DistinguishFirst Bank of the United StatesSecond Bank of the United StatesBank of United States