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Bank of America Corp. (BAC)

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Last Post: 2/22/2017 11:25:40 PM - Followers: 404 - Board type: Free - Posts Today: 0

 

Website: https://www.bankofamerica.com/


Corporate Profile

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
 

Corporate Structure



Merrill Lynch & Co., Inc. is a wholly owned subsidiary of Bank of America Corporation.
Website: www.ml.com/US

Debt Profile


Prior to Merrill Lynch's acquisition by Bank of America, Merrill Lynch & Co., Inc. (ML & Co.) was the primary issuer of Merrill Lynch's debt instruments. Debt instruments were also issued by certain subsidiaries. ML & Co. is no longer a primary issuer of new unsecured borrowings under the Bank of America platform. Bank of America has not assumed or guaranteed the long-term debt that was issued or guaranteed by ML & Co. or its subsidiaries prior to the acquisition of Merrill Lynch by Bank of America.

Following the completion of Bank of America's acquisition of Merrill Lynch, ML & Co. became a subsidiary of Bank of America and established intercompany lending and borrowing arrangements to facilitate centralized liquidity management. Included in these arrangements is a $50 billion extendible one-year revolving line of credit that allows Bank of America to borrow funds from Merrill Lynch at a spread to LIBOR that is reset periodically and is consistent with other intercompany agreements. The line of credit matures on January 1, 2014 and will automatically be extended by one year to the succeeding January 1st unless Merrill Lynch provides written notice not to extend at least 45 days prior to the maturity date. There were no amounts outstanding at both March 31, 2013 and December 31, 2012 under this credit facility. There is also a short-term revolving credit facility that allows Bank of America to borrow up to an additional $25 billion. Interest on borrowings under the credit facility is based on prevailing short-term market rates. The line of credit matures on February 11, 2014. At March 31, 2013 and December 31, 2012, approximately $10.7 billion and $16.2 billion, respectively, was outstanding under this line of credit.
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Brian T. Moynihan is the chief executive officer of Bank of America. He was elected to his role by the board of directors on December 16, 2009, and took office on January 1, 2010. Moynihan also is a member of the Bank of America board of directors. Moynihan has led Bank of America’s Global Diversity and Inclusion Council, a group of senior executives from across lines of business, since 2007. Moynihan joined Bank of America in 2004 following the company’s merger with FleetBoston Financial. In 2010, he was elected a trustee of the Corporation of Brown University.

Headquarters:
Bank of America Corporate Center
100 North Tryon Street
Charlotte, NC 28255

 

Investor Relations:
Tel: 704-386-5681
Fax: 980-386-6699

 

Updated: 9/13/13

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BAC
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BAC News: Hispanic Small Business Owners Expect 2017 to Be Banner Year, Bank of America Survey Reveals 02/22/2017 09:00:00 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 02/21/2017 04:40:21 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 02/21/2017 06:05:46 AM
BAC News: Statement of Changes in Beneficial Ownership (4) 02/17/2017 05:59:13 PM
BAC News: Statement of Changes in Beneficial Ownership (4) 02/17/2017 05:57:15 PM
News News Alert: Hispanic Small Business Owners Expect 2017 to Be Banner Year, Bank of America Survey Reveals 02/22/2017 09:00:00 AM
PostSubject
#20063   Yes so close pennystockaholic 02/22/17 11:25:40 PM
#20062   5 cents short! What a tease lol HMONNY 02/22/17 04:25:54 PM
#20061   I am not really well versed on Herbalife Goodtimes93 02/22/17 04:07:53 PM
#20060   4 minutes left let's see lol pennystockaholic 02/22/17 03:52:12 PM
#20058   This Stock needs a lot of good PR The Pup 02/22/17 12:28:07 PM
#20057   Looks like it is on standby for sure. Goodtimes93 02/22/17 10:34:22 AM
#20056   good home sales numbers, i think if this HMONNY 02/22/17 10:28:22 AM
#20055   I do think they will signal stronger for Goodtimes93 02/22/17 09:37:20 AM
#20054   Looks like a sell the news kind of HMONNY 02/22/17 08:55:05 AM
#20053   Think the FOMC minutes coming out at 2pm HMONNY 02/22/17 08:49:08 AM
#20052   Getting closer to $25 pennystockaholic 02/21/17 06:41:36 PM
#20051   Strong Close Today - holding onto the upper FutureBankruptcy 02/21/17 06:10:09 PM
#20050   I have been impressed with the rallies. Goodtimes93 02/21/17 11:08:07 AM
#20049   Yeah from the way it closed I agree HMONNY 02/21/17 10:26:29 AM
#20048   Looks like a positive push. Goodtimes93 02/21/17 10:22:41 AM
#20047   What do you think? Enough steam for another HMONNY 02/21/17 10:02:13 AM
#20046   There is still a lot of room for growth. magness 02/20/17 05:17:43 PM
#20045   Looks good. We are all glad to see this. pennystockaholic 02/19/17 10:19:19 AM
#20044   New Insider Filing Chairman and CEO. magness 02/17/17 03:31:17 PM
#20043   A sell off would kick in if we Goodtimes93 02/17/17 12:46:31 PM
#20042   Hey GT, Do you think a sell off HMONNY 02/17/17 12:34:29 PM
#20041   After lunch we will see the real move. Goodtimes93 02/17/17 12:30:22 PM
#20040   Yeah caught a bit of it...Banks making a HMONNY 02/17/17 11:30:47 AM
#20039   They are predictable. See GRPN CEO Goodtimes93 02/17/17 10:31:56 AM
#20038   Looks like you're right about the selling into HMONNY 02/17/17 10:11:46 AM
#20037   Yes slow and steady. One of my favorite investments. pennystockaholic 02/17/17 09:39:37 AM
#20036   $25 is inevitable, heck $30 is definite sometime HMONNY 02/17/17 08:35:57 AM
#20035   ok Fibanotch 02/16/17 10:28:51 PM
#20034   Yes we will see. Must have patience and pennystockaholic 02/16/17 04:04:56 PM
#20033   Sort of fizzled. Tomorrow will be Goodtimes93 02/16/17 03:37:48 PM
#20032   Its fallen much less then I expected...New range HMONNY 02/16/17 02:00:18 PM
#20031   RE: BAC Chart - I will say this, cyclone101 02/16/17 12:09:35 PM
#20030   yeah .I like pedal to the metal Fibanotch 02/16/17 11:29:59 AM
#20029   slight hesitation this morning cyclone101 02/16/17 11:26:02 AM
#20028   or*t.. is not bad Fibanotch 02/16/17 11:23:52 AM
#20027   It will be fun to watch the remainder Goodtimes93 02/16/17 09:36:17 AM
#20026   RE: BAC - i think we test $25 cyclone101 02/16/17 09:16:47 AM
#20025   My prediction is $35 by end of year. Goodtimes93 02/15/17 08:56:30 PM
#20024   BAC started riding the upper boli - lots FutureBankruptcy 02/15/17 06:53:40 PM
#20023   Like I said $25 is around the corner. pennystockaholic 02/15/17 06:41:25 PM
#20022   hey hey hey lol we have been positive FutureBankruptcy 02/15/17 06:13:46 PM
#20021   investorshub.advfn.com/uimage/uploads/2017/2/15/tdgcrbac_f_16_cust_2.4_mo_not_wo_merit.jpg[/c nowwhat2 02/15/17 02:18:31 PM
#20020   RE: BAC -- thinking we test $25 by cyclone101 02/15/17 01:55:38 PM
#20019   Yeah $6 for GRP*N can happen, have fun HMONNY 02/15/17 01:40:48 PM
#20018   I have been known to be wrong before Goodtimes93 02/15/17 01:35:57 PM
#20017   Probably not a good trade, but I just HMONNY 02/15/17 01:30:53 PM
#20016   I would expect sell from profit taking. Goodtimes93 02/15/17 01:20:20 PM
#20015   Regarding the options expiring Friday, should we expect HMONNY 02/15/17 01:11:55 PM
#20014   What happens when the top occurs? How much HMONNY 02/15/17 12:58:01 PM
#20013   RE: BAC Chart -- very strong upward indicators cyclone101 02/15/17 12:31:26 PM
PostSubject