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Bank of America Corp. (BAC)

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Last Post: 10/21/2014 2:01:07 PM - Followers: 372 - Board type: Free - Posts Today: 5

 

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

News News Alert: 2014 U.S. Trust Study of High Net Worth Philanthropy Finds 28 Percent Increase in Charitable Contributions; Donors Forecast P... 10/21/2014 08:00:00 AM
PostSubject
#17374   Would be great to get back to the Wanka 10/21/14 02:20:48 PM
#17373   tryin to make that EOD push... stockticker99 10/21/14 02:01:07 PM
#17372   yea we should be at $18 stockticker99 10/21/14 12:08:37 PM
#17371   I've been buying and selling since $6,00 range JCB5 10/21/14 09:29:05 AM
#17370   Maybe, but I would continue to buy on Fredc1043 10/21/14 03:18:57 AM
#17369   Grilled the Spanish mac, sister n law just stockticker99 10/20/14 07:26:08 PM
#17368   Nice. Did you grill them up? I think KingDMC 10/20/14 06:00:52 PM
#17367   Beautiful day out at 6 miles. Went for stockticker99 10/20/14 05:49:11 PM
#17366   What's this crab Bank of america changes it's crowbar24382 10/20/14 04:58:47 PM
#17365   How were the fish biting?? I'm jealous. Love KingDMC 10/20/14 03:35:09 PM
#17364   BAC is unfortunately controlled by Wall Street power JCB5 10/20/14 09:49:08 AM
#17363   The picture seems brightening here... based on what JJ8 10/18/14 12:15:08 PM
#17362   This is why the crooks stole retail shares....for KingDMC 10/17/14 11:35:23 AM
#17361   I did its ticker is BAC Sone 10/17/14 12:04:55 AM
#17359   you bet ya, I live in south east stockticker99 10/16/14 06:49:12 PM
#17358   Sounds delicious! Cook that thing up! KingDMC 10/16/14 06:31:47 PM
#17357   No arguments here, especially the administration part! My KingDMC 10/16/14 06:29:30 PM
#17356   Well King, iregadless of markets, this ebola thing I-Man 10/16/14 06:00:40 PM
#17355   May or may not. I just think bac stockticker99 10/16/14 05:40:34 PM
#17354   Good buying opportunity. Glad I bought yesterday. Wanka 10/16/14 04:38:20 PM
#17353   Probably gonna see a sell off tomorrow going pokerman2012 10/16/14 04:20:32 PM
#17352   2% bounce use caution and take appropriate profits glta JCB5 10/16/14 12:32:28 PM
#17351   Rally time! KingDMC 10/16/14 10:50:51 AM
#17350   Bac popping. Hopefully we can get up 17 Wanka 10/16/14 10:49:41 AM
#17349   Looking like it stockticker99 10/16/14 10:16:31 AM
#17348   Green. Let's see how this holds. Was hoping Wanka 10/16/14 10:01:29 AM
#17347   May be a reversal this am JCB5 10/16/14 09:43:41 AM
#17346   More bleeding.......time to wait this out JCB5 10/16/14 09:29:27 AM
#17345   Ya I bought more today. Will continue to Wanka 10/15/14 07:00:36 PM
#17344   Lol way before that Sone 10/15/14 06:45:31 PM
#17343   Do u think we will see 17 by moneymaker$ 10/15/14 06:41:50 PM
#17342   4% loss as the Dow hemorrhaged.... After hours up.... JCB5 10/15/14 05:26:50 PM
#17341   Big money accumulated as retail sold with the KingDMC 10/15/14 04:54:07 PM
#17340   over 200M shares traded stockticker99 10/15/14 04:17:11 PM
#17339   I agree. This is classic panic selling. Over Wanka 10/15/14 02:04:42 PM
#17338   so many low targets were alerted today. I stockticker99 10/15/14 01:46:13 PM
#17337   $15.61 low so far JCB5 10/15/14 12:25:40 PM
#17336   Added as well 15.7 Sone 10/15/14 12:13:19 PM
#17335   Right. At this rate of fear being hyped... JJ8 10/15/14 12:05:07 PM
#17334   nice add, cant be scared when there is stockticker99 10/15/14 11:51:52 AM
#17333   Added at $15.82 The larger market had a JJ8 10/15/14 11:47:01 AM
#17332   yup stockticker99 10/15/14 11:32:18 AM
#17331   Wonder what the bottom is Sone 10/15/14 11:17:37 AM
#17330   55 million in the first hour. Man are KingDMC 10/15/14 10:28:49 AM
#17329   agreed stockticker99 10/15/14 10:11:10 AM
#17328   Be ready to buy when they bottom this...... JCB5 10/15/14 09:51:57 AM
#17327   my low target alerts are popping up everywhere stockticker99 10/15/14 09:42:34 AM
#17326   I eat ebola on the side with my stockticker99 10/15/14 09:41:10 AM
#17325   This ebola garbage is really driving everything down KingDMC 10/15/14 09:37:15 AM
#17324   whole market is getting bitch slapped stockticker99 10/15/14 09:36:35 AM
PostSubject