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Bank of America Corp. (BAC)

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Last Post: 7/28/2015 1:26:17 AM - Followers: 378 - 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: Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) 07/28/2015 05:31:55 PM
BAC News: Current Report Filing (8-k) 07/28/2015 05:14:48 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 07/28/2015 06:04:40 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 07/28/2015 06:04:40 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 07/28/2015 06:04:40 AM
#18445   Futures are a bit brighter tonight. Need to see stocksnoway 07/28/15 01:26:17 AM
#18444   Maybe with another lawsuit but otherwise 15's are Sone 07/27/15 08:41:22 PM
#18443   $15 would never happen, $16.50 maybe. $15 is moneymaker$ 07/27/15 08:36:03 PM
#18442   Free fall to 17.20 pack on more TAX stocksnoway 07/27/15 09:46:01 AM
#18441   It's going to be very painful! Lowjack 07/25/15 10:24:41 AM
#18440   $BAC Bank of America Corp Chart insymbols 07/24/15 10:09:51 PM
#18439   Holding up well should green at close Sone 07/23/15 09:41:15 AM
#18438   Gee, I wounder how that could happen! Lowjack 07/23/15 04:19:30 AM
#18437   Must be a serious problem with the books! Lowjack 07/22/15 09:16:24 PM
#18436   Lets hope for a big drop again in stocksnoway 07/22/15 07:35:55 PM
#18435   Bank of America Announces Management Team Changes Sone 07/22/15 07:08:04 PM
#18434   I read 2010 stocksnoway 07/22/15 06:08:05 PM
#18433   Highest it's been a looooonngggg time!! Joesocc1 07/22/15 06:01:48 PM
#18432   WHEN THE HOUSE IS A ROCK'N DON'T BOTHER stocksnoway 07/22/15 04:36:16 PM
#18431   Yes,i Would like to See these gaps filled europtiger 07/22/15 08:18:27 AM
#18430   I agree.........lots are expecting a summer sell off.......that Fletch 07/22/15 08:04:18 AM
#18429   I Would like to See 16,60 before next europtiger 07/22/15 07:57:25 AM
#18428   Google how fractional reserve banking works to find Lowjack 07/22/15 03:26:05 AM
#18427   Thank you very much moneymaker$ 07/18/15 06:03:28 PM
#18426   Hey moneymaker$, Fletch 07/18/15 05:54:27 PM
#18425   Excuse me for my ignorance, so this means moneymaker$ 07/18/15 05:43:32 PM
#18424   Wow, so selling off properties and leasing back, ironyman 07/18/15 08:01:49 AM
#18423   Looking it up .....there are three gaps..........use link below, Fletch 07/17/15 11:56:39 PM
#18422   Where does it need to be filled? moneymaker$ 07/17/15 11:49:41 PM
#18421   OK.......a chart showing that a big gap lurks Fletch 07/17/15 10:55:21 PM
#18420   Hey TR, I hope your well elcheepo 07/17/15 10:43:27 PM
#18419   Heading to $40!!!!!!!!! Stratdan 07/17/15 07:50:18 AM
#18418   BAC Rocks On!!! From Here They Won't Look Back!!!! Stratdan 07/17/15 07:50:03 AM
#18417   Barron's $ article. "Bank of America Shares Could cdaniel394 07/16/15 04:13:09 PM
#18416   I like to sell the banks at the Lowjack 07/16/15 02:04:31 PM
#18415   That HOD of 18.07 is going to be stocksnoway 07/16/15 12:28:42 PM
#18414   BAC listened to you and its shining! Joe89 07/16/15 12:10:49 PM
#18413   Still seems to be moving up this am. Goldman stocksnoway 07/16/15 08:01:53 AM
#18412   I am seeing increased div down the road imo. ison929 07/15/15 01:25:34 PM
#18411   Pretty strong action this morning, I thought it Joe89 07/15/15 12:40:37 PM
#18410   Must be some pretty good paper games going ironyman 07/15/15 12:36:11 PM
#18409   Should be 23 to 25 IMHO but the stocksnoway 07/15/15 12:33:40 PM
#18408   Will today's earnings be enough to propel BAC cdaniel394 07/15/15 12:29:46 PM
#18407   Book value per share was $21.91. Wow getcha some stocksnoway 07/15/15 07:20:59 AM
#18406   Beats by .05 cents reves beat by 1.02 stocksnoway 07/15/15 07:18:52 AM
#18405   Ok now the BIG WHAT IF??????? stocksnoway 07/13/15 04:19:26 PM
#18404   This bank will never move higher than 18 stocksnoway 07/09/15 11:54:58 AM
#18403   Hmm... My selling at $16.72 with small profits, JJ8 07/08/15 02:02:49 PM
#18402   is this the reason Why it traded at V63 07/07/15 11:51:38 PM
#18401   WOW 115,450,479 traded a lot of action going V63 07/07/15 11:29:45 PM
#18400   Received my class action check yesterday. All 14.6% cdaniel394 06/30/15 11:02:56 AM
#18399   Must read :Greece reconsidering Euro offer today... onedayyyyyyyyy 06/30/15 07:05:58 AM
#18398   Lol I knew they would find a way. stocksnoway 06/29/15 04:09:08 PM
#18397   Greece is the word! stocksnoway 06/29/15 08:03:28 AM
#18396   Stuck at resistance. Wants to return to tradersrule 06/26/15 07:43:41 AM