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Bank of America Corp. (BAC)

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Last Post: 12/15/2017 9:44:22 AM - Followers: 411 - Board type: Free - Posts Today: 2

 

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 News: Bank of America Names Maria Zuber to Board of Directors 12/14/2017 10:56:00 AM
BAC News: Bank of America Increases Planned Common Stock Repurchase Program 12/05/2017 08:06:00 AM
BAC News: Bank of America Announces Offers to Exchange Certain of Its Existing Notes for New Fixed/Floating Rate Senior Notes 12/04/2017 09:25:00 AM
BAC News: A Decade of Recession Lessons Motivates Today’s Youngest Generations 12/01/2017 09:00:00 AM
BAC News: NXT-ID Responds to Shareholder Questions 11/22/2017 08:00:00 AM
PostSubject
#20593   I covered my short position yesterday afternoon. I’m YazM 12/15/17 09:44:22 AM
#20592   Prenarket up clearsudden 12/15/17 09:26:12 AM
#20591   Thanks, I know :( I wish I had YazM 12/14/17 02:40:09 PM
#20590   Congratulations! If you waited though you could girlfriend 12/14/17 02:30:26 PM
#20589   :) YazM 12/14/17 02:20:33 PM
#20588   What a nice decline, cashing out! Thanks again YazM 12/14/17 12:33:02 PM
#20587   I have the $30 calls as well and MidWestDustin 12/14/17 10:20:05 AM
#20586   Not worried :) YazM 12/14/17 07:47:41 AM
#20585   BAC up almost 1% pre market girlfriend 12/14/17 07:13:54 AM
#20584   Shorting in AH! This will be down again YazM 12/13/17 05:52:42 PM
#20583   Usually BoA produce better report than Goldman Sachs. Bitx 12/11/17 11:37:56 AM
#20581   Bank of America (BAC) to Buyback Additional $5 clearsudden 12/05/17 09:37:28 AM
#20580   Sold half of my Feb 2017 $30 call jackpotz 12/05/17 08:44:16 AM
#20579   Omg bac! Im up like 30% on 40k Merry clearsudden 12/04/17 10:00:14 AM
#20578   We shall see, profit margin is the only pennystockaholic 12/03/17 11:37:18 PM
#20577   Financials have been in favor. Question is MidWestDustin 12/01/17 09:42:48 AM
#20576   Question is? What exit strategy here? It slowed this morning clearsudden 11/30/17 12:37:09 PM
#20575   Up and away :) YazM 11/29/17 11:24:40 AM
#20574   Yes I see looking really good pennystockaholic 11/29/17 10:36:29 AM
#20573   BAC trying to breakout of its 52 week girlfriend 11/28/17 03:15:25 PM
#20572   Shy of 10,000, not too bad but close YazM 11/27/17 10:34:40 AM
#20571   I can see that. How many shares ? pennystockaholic 11/27/17 10:26:48 AM
#20570   And...I should’ve held it longer LOL, oh well. YazM 11/27/17 10:04:42 AM
#20569   Selling here, $26.72 nice .18 jump YazM 11/27/17 09:38:53 AM
#20568   Boom! Up .14 a share :) YazM 11/27/17 09:33:11 AM
#20567   Loading additional shares. This will take off today YazM 11/27/17 08:10:30 AM
#20566   Decided to play again in the market for YazM 11/24/17 05:10:19 PM
#20565   The top of the year will tell it pennystockaholic 11/19/17 10:35:52 AM
#20564   Agree in total. Equitiesduke 11/13/17 08:06:38 AM
#20563   Keeping Yellen at the helm would also be TechKim 11/09/17 03:23:59 PM
#20562   Personally I would say stick to the financials TechKim 11/09/17 03:18:45 PM
#20561   It seems like we hit a soft patch fr8 11/08/17 05:47:52 PM
#20560   Incredible BAC Stock "manipulation" ongoing! Brokers, institutions, politicians, Equitiesduke 11/07/17 11:07:24 AM
#20559   Why not ? What's going to stop it pennystockaholic 10/25/17 03:28:13 PM
#20558   I see this stock going to $50.00 in Ezekeiel 10/25/17 09:12:09 AM
#20557   Dollar bills lol clearsudden 10/24/17 12:08:28 PM
#20556   You maybe very close to being correct. TechKim 10/23/17 04:36:31 PM
#20554   Feb $30 call options let's gooooo jackpotz 10/20/17 12:33:17 PM
#20553   Bac In beast mode? clearsudden 10/20/17 09:51:27 AM
#20552   So is Warren Buffett! The rich old "guy" Equitiesduke 10/19/17 08:29:10 AM
#20551   Hopefully we do, but a recent visit to Equitiesduke 10/14/17 10:52:22 AM
#20549   PayPal and Square take note of fast Zelle uptake FUNMAN 10/13/17 09:51:43 AM
#20548   Futures are green. I have a feeling banks jones99 10/13/17 05:12:02 AM
#20547   Onward and upward 52172 10/06/17 01:04:17 AM
#20546   Yes starting to make that push. pennystockaholic 10/05/17 11:59:09 PM
#20545   Lock & loaded... HMONNY 10/03/17 05:01:01 PM
#20544   You da man!!!!!! How things have changed. 2 point spread 10/02/17 08:25:23 PM
#20543   Nothing beats my .01 a contract $22 January17s HMONNY 10/02/17 10:29:55 AM
#20542   We will see soon enough. pennystockaholic 09/30/17 09:12:41 PM
#20541   I believe it will get to $35 2 point spread 09/29/17 04:04:54 PM
PostSubject