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Bank of America Corp. (BAC)

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Last Post: 3/3/2015 2:59:32 PM - Followers: 374 - 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.
_______________________________________________________________________________________________________________________________________________________________________________________


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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Option Chain for BAC
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 03/03/2015 05:03:49 PM
BAC News: (25-NSE) 03/03/2015 04:55:29 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 03/03/2015 04:12:31 PM
BAC News: Statement of Changes in Beneficial Ownership (4) 03/03/2015 04:10:37 PM
BAC News: Statement of Changes in Beneficial Ownership (4) 03/03/2015 04:10:37 PM
PostSubject
#18015   Any good safe calls for bac? moneymaker$ 03/03/15 02:59:32 PM
#18014   Sold 2/3 my shares today at HOD! I Ark922 03/02/15 04:36:06 PM
#18013   Yes it is slickwillski 03/02/15 02:28:54 PM
#18012   It's all relative JCB5 03/02/15 02:27:53 PM
#18011   currently up 1.2%. no legs? slickwillski 03/02/15 10:48:05 AM
#18010   Sadly with the Dow exceeding 100 pts....BAC has JCB5 03/02/15 10:16:16 AM
#18009   This is one of the toughest stocks to running bull 03/01/15 06:47:30 PM
#18008   A QUOTE FROM BUFFET: power11 03/01/15 02:37:38 PM
#18007   Sa is spinning opinions out left and right stocksnoway 03/01/15 10:42:44 AM
#18006   That's all smoke and mirrors IMO . Bostonsesco 03/01/15 10:35:14 AM
#18005   Some what if's They don't pass stress test ? stocksnoway 03/01/15 10:16:15 AM
#18004   I couldn't agree more the banks are being Bostonsesco 03/01/15 08:43:56 AM
#18003   How do we stay profitable through 2018 as stocksnoway 02/28/15 01:59:39 PM
#18002   Only they know..... They were downgraded and cannot JCB5 02/28/15 08:41:11 AM
#18001   U think they will fail the stress tests? moneymaker$ 02/27/15 11:01:44 AM
#18000   I hope the CEO is happy in how JCB5 02/27/15 11:00:23 AM
#17999   Clearly a BAC specific sell off as the slickwillski 02/27/15 09:45:16 AM
#17998   More downgrades overnight this one UBS buy to stocksnoway 02/27/15 08:38:18 AM
#17997   Down 4% in 24 hrs. New stress test slickwillski 02/27/15 06:18:15 AM
#17996   Lawsuits that was reserved for coupled with 2 stocksnoway 02/26/15 07:39:02 PM
#17995   ANY clue as to why the drop today? power11 02/26/15 05:46:51 PM
#17994   Great..... Better opportunities for sure! JCB5 02/24/15 09:25:24 AM
#17993   Sold (25%) at $16.18 Profits about 5.5% in JJ8 02/23/15 04:14:28 PM
#17992   Any thoughts on a positive stress test result cdaniel394 02/23/15 01:15:52 PM
#17991   Along with most other financials... slickwillski 02/23/15 10:55:31 AM
#17990   Constant pressure to keep this down JCB5 02/23/15 09:59:38 AM
#17989   Look in the mirror LOL YEPPIE! stocksnoway 02/19/15 01:01:42 PM
#17988   Pay cut? Sone 02/17/15 07:57:19 PM
#17987   BETTER WATCH OUT!!! stocksnoway 02/17/15 12:41:35 PM
#17986   http://m.seekingalpha.com/article/2916956-bank-of-america-embrace-the-latest-reg stocksnoway 02/15/15 01:45:22 AM
#17985   http://m.seekingalpha.com/article/2916796-tax-minimizing-trades-and-layoffs-rock slickwillski 02/14/15 06:27:43 PM
#17984   Great trade and thanks for ur honest posts, moneymaker$ 02/14/15 01:11:38 AM
#17983   Good trade JJ JCB5 02/13/15 05:04:05 PM
#17982   Sold (25%) at $16.66 GLTA JJ8 02/12/15 10:44:52 AM
#17981   Thanks for responding and your opinion. Let me ison929 02/12/15 09:42:15 AM
#17979   I think the future looks bright. Watch as GVInvestments 02/11/15 09:07:28 PM
#17978   It appears to me that the situation of JJ8 02/11/15 09:02:59 PM
#17977   Ya. Total bs. Still a great trade for Wanka 02/11/15 08:31:21 PM
#17976   Been in since 08 got in in the moneymaker$ 02/11/15 08:30:35 PM
#17975   We should. And yes def should already be Wanka 02/11/15 08:22:23 PM
#17974   This piece of shard should be in the moneymaker$ 02/11/15 08:21:14 PM
#17973   I'm Loving the Book Value $21.32 GVInvestments 02/11/15 08:16:20 PM
#17972   I don't know. It's effing ridiculous Wanka 02/11/15 07:39:15 PM
#17971   Is this sh@t ever going to stop, I moneymaker$ 02/11/15 07:38:11 PM
#17970   Yep just another way to take money from shareholders Wanka 02/11/15 12:36:08 PM
#17969   And the gmen counter with this nugget! WSJ: BofA's stocksnoway 02/11/15 10:57:19 AM
#17968   Added at $16.25 in one of phased steps JJ8 02/11/15 10:40:28 AM
#17967   Duh I did that in 2 hours . Ix Trojanman xI 02/11/15 07:58:20 AM
#17966   Yes, time is our best prediction in the market. JCB5 02/11/15 07:52:22 AM
#17965   Isn't about time for this? http://news.investors.com/ibd-editorials/021015-7387 stocksnoway 02/11/15 02:04:12 AM
PostSubject