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Bank of America Corp. (BAC)

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Moderator: HMONNY, FutureBankruptcy
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Last Post: 1/19/2017 3:55:07 PM - Followers: 405 - 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: Amended Statement of Ownership (sc 13g/a) 01/19/2017 05:31:22 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) 01/19/2017 04:43:34 PM
BAC News: Statement of Changes in Beneficial Ownership (4) 01/18/2017 04:09:05 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 01/18/2017 06:04:50 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 01/18/2017 06:04:50 AM
#19826   Very good article let's see how the price pennystockaholic 01/19/17 03:55:07 PM
#19825   BAC Upgraded to Buy Rating - Comprehensive Stock FutureBankruptcy 01/17/17 06:48:17 PM
#19824   So close! KICK1 01/17/17 03:43:01 PM
#19823   if I see below 22 again I'm getting in... KICK1 01/17/17 02:11:56 AM
#19822   Yes I'm excited this weekend needs to end lol pennystockaholic 01/16/17 11:23:00 PM
#19821   Volume heavier than the '16 avg - with FutureBankruptcy 01/16/17 10:32:27 PM
#19820   What levels will we see this week ? pennystockaholic 01/16/17 08:38:43 PM
#19819   R Hizzle! I'm jumpin in next dip RH$! KICK1 01/16/17 04:44:36 PM
#19818   Yes I see. This will be a major week. pennystockaholic 01/15/17 01:29:32 PM
#19817   Heavy Accum Continues $BAC $23 to start the FutureBankruptcy 01/14/17 06:48:23 PM
#19816   $23 to start the year ? Let's go. pennystockaholic 01/13/17 03:57:19 PM
#19815   Fed poised for major makeover in Trump era FutureBankruptcy 01/12/17 04:40:24 PM
#19814   The end of year trump rally will def. RedHotStocks 01/12/17 01:51:17 PM
#19813   Lunch time rally to a green close - FutureBankruptcy 01/12/17 12:53:12 PM
#19812   Bank of America looks to be trading near ValueInvestor15 01/11/17 12:47:40 PM
#19811   FDIC suing BAC for $500 million due to I-Man 01/11/17 10:53:06 AM
#19810   $MSFT CEO Nadella says has ongoing blockchain pilot KICK1 01/10/17 03:54:31 PM
#19809   RH$! Get Money KICK1 01/10/17 01:14:56 PM
#19808   Haha ikr looking forward to it KICK1 01/10/17 01:13:38 PM
#19807   They look cheap. Might be ITM Goodtimes93 01/10/17 01:00:39 PM
#19806   Bought Feb.3 calls 23.50 and 24 strike @ RedHotStocks 01/10/17 12:57:30 PM
#19805   Hope it can hold $23. Goodtimes93 01/10/17 12:45:38 PM
#19804   Nice BAC KICK1 01/10/17 12:34:47 PM
#19803   It's gonna be an interesting few trading sessions $BAC FutureBankruptcy 01/09/17 03:30:20 PM
#19802   Informative...thank you for that. Robodog 01/09/17 01:24:22 PM
#19801   It's going up higher isn't it? KICK1 01/09/17 11:19:50 AM
#19800   BAC is settling in & around $23 right HMONNY 01/09/17 11:07:55 AM
#19799   It's preferable to invest in the Financial Sector JJ8 01/09/17 09:08:30 AM
#19798   Terrible company to invest in. Robodog 01/09/17 06:09:52 AM
#19797   Ok I see pennystockaholic 01/07/17 10:00:00 AM
#19796   i dont openly discuss (sell)limits as i try FutureBankruptcy 01/07/17 09:12:35 AM
#19795   I'm ready Friday is gonna be LiT KICK1 01/07/17 02:48:55 AM
#19794   Whats your limit on this on ? pennystockaholic 01/06/17 11:53:07 PM
#19793   i agree - and easy perhaps but also FutureBankruptcy 01/06/17 07:45:54 PM
#19792   If Brian is on his game and gives Goodtimes93 01/06/17 06:52:48 PM
#19791   Still looks good here - bollis tightening, accum FutureBankruptcy 01/06/17 06:34:05 PM
#19790   yes we will really soon to pennystockaholic 01/05/17 07:11:41 PM
#19789   Looks like will be testing 22.30 1st 2 point spread 01/05/17 11:36:55 AM
#19788   Steady channel trading with nice support Looking forward to FutureBankruptcy 01/05/17 11:27:26 AM
#19787   And I thought I sold early yesterday! Now the 2 point spread 01/05/17 10:35:15 AM
#19786   Would it surprise anyone if this opened over jones99 01/05/17 04:10:07 AM
#19785   strong overall day $BAC - even an uptick FutureBankruptcy 01/04/17 07:29:43 PM
#19784   Man they say never fall in love with pennystockaholic 01/04/17 03:53:24 PM
#19783   We all are. The Pup 01/04/17 01:38:22 PM
#19782   Let's get there 28 Caynuck 01/04/17 09:14:07 AM
#19781   I got in all the banks stocks after running bull 01/03/17 08:46:00 PM
#19780   Most of the early gains have been given HMONNY 01/03/17 11:58:11 AM
#19779   Cheers Mate $BAC FutureBankruptcy 01/03/17 10:50:03 AM
#19778   Happy New Year Bro ! We will have pennystockaholic 01/02/17 02:29:16 PM
#19777   Happy New Year To All $BAC FutureBankruptcy 01/01/17 07:36:02 PM