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Bank of America Corp. (BAC)

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Last Post: 3/22/2017 4:32:06 PM - Followers: 408 - Board type: Free - Posts Today: 0



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.

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.

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.

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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Current Price
Bid Ask Day's Range
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 03/20/2017 12:39:50 PM
BAC News: Statement of Changes in Beneficial Ownership (4) 03/17/2017 04:10:06 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 03/17/2017 09:34:14 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 03/17/2017 06:06:23 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 03/17/2017 06:05:39 AM
#20233  Sticky Note BAC DAILY TREND1 03/20/17 11:34:21 AM
#20251   Lots of money on the sidelines just waiting The Pup 03/22/17 04:32:06 PM
#20250   Down most of the day with a power HMONNY 03/22/17 03:21:24 PM
#20249   How the market closes on Friday will tell HMONNY 03/22/17 01:16:39 PM
#20248   Not sure what planet some come from, the HMONNY 03/22/17 01:15:44 PM
#20247   Who is carrying? Banks publish their Goodtimes93 03/22/17 11:01:23 AM
#20246   Figure out how much leverage they are carrying! Lowjack 03/22/17 11:00:02 AM
#20245   Wild day so far with massive volume. Goodtimes93 03/22/17 10:42:33 AM
#20244   Hard support is at 18. Please keep in jones99 03/22/17 05:38:37 AM
#20243   Very disappointed in the share price. I will pennystockaholic 03/21/17 03:43:26 PM
#20242   You might get it. My order Goodtimes93 03/21/17 01:57:22 PM
#20241   I'm eyeing $22.50 lol HMONNY 03/21/17 01:45:58 PM
#20240   *****Got a med term sell on BAC today TREND1 03/21/17 12:51:56 PM
#20239   Agreed. My trailing stop saved me. Goodtimes93 03/21/17 11:59:43 AM
#20238   All the signs were there...Buying opportunity soon HMONNY 03/21/17 11:51:38 AM
#20237   U.S. Debt Has Increased $48,994 Per SECOND Since PigeonToad 03/20/17 06:08:34 PM
#20236   Looking good, no need to panic. pennystockaholic 03/20/17 04:30:06 PM
#20235   What the Hell!??? Cannabis 2013 03/20/17 01:12:11 PM
#20234   Man I don't like SNAP at all to HMONNY 03/20/17 12:45:40 PM
#20233   BAC DAILY TREND1 03/20/17 11:34:21 AM
#20232   I am sitting on 50% cash now so Goodtimes93 03/20/17 10:32:05 AM
#20231   I'm the same, SNA*P is up 5% today HMONNY 03/20/17 10:20:14 AM
#20230   Wow... Stopped out at $24.50. Goodtimes93 03/20/17 10:05:03 AM
#20229   Yes some are taking there profits. Just some pennystockaholic 03/17/17 09:41:33 PM
#20228   a little surprised with the slightly heavier than FutureBankruptcy 03/17/17 07:46:49 PM
#20227   Let's see where we begin Monday. Goodtimes93 03/17/17 04:44:49 PM
#20226   I think we're in a short term downtrend, HMONNY 03/17/17 04:00:04 PM
#20225   It looks that way but it will get pennystockaholic 03/17/17 01:46:55 PM
#20224   Perhaps a 1-5% overall, but BAC is already The Pup 03/17/17 01:28:09 PM
#20223   Need at least a drop to 24.01 TREND1 03/17/17 01:25:38 PM
#20222   Major correction is coming uo Veni_vidi_vici 03/17/17 01:18:58 PM
#20221   One must always keep in mind the day The Pup 03/17/17 11:23:31 AM
#20220   One must always keep in mind the day The Pup 03/17/17 11:22:07 AM
#20219   lmap very cute - good luck jr FutureBankruptcy 03/17/17 10:01:20 AM
#20218   No it just creates a big mess that Lowjack 03/17/17 03:13:24 AM
#20217   playing devils advocate here but wouldn't lending create FutureBankruptcy 03/16/17 04:23:58 PM
#20216   Did you see this interview? U.S. TREASURY'S MNUCHIN SAYS Goodtimes93 03/16/17 01:45:32 PM
#20215   I see bits of program trading here. Goodtimes93 03/16/17 11:14:48 AM
#20214   Sometimes I feel like this game is rigged...Gold HMONNY 03/16/17 10:26:23 AM
#20213   Hope and Change, Bwahahahhahahahhah! Lowjack 03/16/17 02:40:46 AM
#20212   Yes. She finished a bit ago. Goodtimes93 03/15/17 03:46:19 PM
#20211   Is she expected to speak ? I mean pennystockaholic 03/15/17 03:32:11 PM
#20209   Agree on head fake. I Goodtimes93 03/15/17 03:21:31 PM
#20208   Might be some bargin $28 end of summer HMONNY 03/15/17 03:17:12 PM
#20207   Sold my calls for zero gain/loss. Should've 2 point spread 03/15/17 03:12:20 PM
#20206   Wow, complete nonsense to this move. It Goodtimes93 03/15/17 03:07:16 PM
#20205   GD*X up 7% for no freaking reason...the consensus HMONNY 03/15/17 02:43:10 PM
#20204   Still holding out hope for sanity. Goodtimes93 03/15/17 02:17:16 PM
#20203   Gold goes up financials go down....complete opposite from HMONNY 03/15/17 02:12:39 PM
#20202   Expecting some volatility but holding a long position. Goodtimes93 03/15/17 11:28:43 AM
#20201   But vix is low = no fear. TREND1 03/15/17 10:56:52 AM