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Bank of America Corp. (BAC)

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Last Post: 4/28/2016 6:44:33 PM - Followers: 387 - 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: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 04/29/2016 06:20:37 PM
BAC News: Statement of Changes in Beneficial Ownership (4) 04/29/2016 05:27:55 PM
BAC News: Statement of Changes in Beneficial Ownership (4) 04/29/2016 05:24:48 PM
BAC News: Statement of Changes in Beneficial Ownership (4) 04/29/2016 05:09:21 PM
BAC News: Statement of Changes in Beneficial Ownership (4) 04/29/2016 05:07:14 PM
News News Alert: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 04/29/2016 06:20:37 PM
#18922   What a mess. Just following the newair 04/28/16 06:44:33 PM
#18921   Options GoodWill 04/27/16 08:23:49 AM
#18920   Explain please? darrell00 04/27/16 05:19:48 AM
#18919   Look at calls here ;) 15.... 15.5... :) :D GoodWill 04/26/16 04:53:52 PM
#18918   pre-market is dipping a bit here, but i cyclone101 04/25/16 08:57:32 AM
#18917   $BAC 3 Months Chart $Pistol Pete$ 04/25/16 12:50:16 AM
#18916   I think 17 18 is doable in bac case xd456xd 04/25/16 12:46:38 AM
#18915   Same waiting for a strong leg xd456xd 04/25/16 12:46:01 AM
#18914   Yep looking good charts are very primed xd456xd 04/25/16 12:45:16 AM
#18913   $BAC Ichimoku Daily & Weekly Chart w/Accum Line [im $Pistol Pete$ 04/23/16 12:25:13 PM
#18912   RE: BAC Chart -- RSI very strong, pointing cyclone101 04/23/16 10:19:40 AM
#18911   Bac is in beast mode.. continues to gain benjimane 04/22/16 11:09:09 PM
#18910   Totally agree!!! We broke through resistance at 14s benjimane 04/22/16 06:00:01 PM
#18909   very nice close, strong... lets see what Monday cyclone101 04/22/16 05:07:51 PM
#18908   RE: BAC -- I posted earlier that we cyclone101 04/22/16 03:15:38 PM
#18907   Holding over $15 newair 04/22/16 02:46:56 PM
#18906   LOL, $40 will be tough/lol -- but we cyclone101 04/22/16 11:26:48 AM
#18905   I think the chart is looking very strong cyclone101 04/22/16 11:25:47 AM
#18904   Yesss..long term hold..definitely 40 is possible. I've been benjimane 04/21/16 07:06:11 PM
#18903   Bac huge run to 40? GET IN NOW Spolcyc 04/21/16 12:57:07 PM
#18902   Yep I think we get there soon..quite a benjimane 04/21/16 12:00:05 PM
#18901   I'm in too... just waiting for a run cyclone101 04/21/16 11:20:26 AM
#18900   $BAC Daily Chart $Pistol Pete$ 04/20/16 09:49:05 PM
#18899   Thanks pete!! Marked you dude!!! Gooo bac!! benjimane 04/20/16 09:44:57 PM
#18898   Oil stocks are moving so banks that finance benjimane 04/20/16 09:39:59 PM
#18897   Agreed Go $BAC $Pistol Pete$ 04/20/16 09:36:30 PM
#18896   Nice breakout!! I think it will continue then benjimane 04/20/16 09:35:36 PM
#18895   Yes we will cross 15.00 soon..Bac getting a benjimane 04/20/16 09:32:09 PM
#18894   CNBC pumping hardcore theycallmejg15 04/20/16 12:13:51 PM
#18893   What's driving BAC so hard and fast? newair 04/20/16 11:20:55 AM
#18892   Awesome bro let me know, I'm holding bunch expert_trader 04/20/16 12:56:51 AM
#18891   Thanks my brotha, im on that page too expert_trader 04/20/16 12:52:37 AM
#18890   lots of people including Kramer seem to think cyclone101 04/20/16 12:52:02 AM
#18889   How do you think they'll perform with the expert_trader 04/20/16 12:48:51 AM
#18888   RE BAC & VZ: after I sent that cyclone101 04/20/16 12:47:41 AM
#18887   Can you give your chart knowledge for VZ today? expert_trader 04/20/16 12:15:33 AM
#18886   It was for the one day where the expert_trader 04/19/16 11:56:17 PM
#18885   Thanks Pete ! & I forgot fishreplicas1 04/19/16 11:06:04 PM
#18884   $BAC Ichimoku Daily & Weekly Chart w/Accum Line [im $Pistol Pete$ 04/19/16 10:45:05 PM
#18883   plicate -- sorry cyclone101 04/19/16 07:40:23 PM
#18882   duplicate -- sorry cyclone101 04/19/16 07:40:06 PM
#18881   Chart question for you -- what indicators are cyclone101 04/19/16 07:40:06 PM
#18880   I've been waiting for a re-entry myself. I cyclone101 04/19/16 07:35:10 PM
#18879   BAC is in best mode. Divi also benjimane 04/19/16 06:25:08 PM
#18878   Certainly is possible. Need to look at back Trader_Jake 04/16/16 12:05:00 PM
#18877   Great post newair.. I think we consolidate in benjimane 04/15/16 07:08:23 PM
#18876   BAC chart setting up for a big fall expert_trader 04/15/16 09:53:08 AM
#18875   Well it was a fun day for B newair 04/15/16 01:18:51 AM
#18874   When the FED allows it after their review TechKim 04/14/16 02:53:39 PM
#18873   When are damn dividends gonna increase Sone 04/14/16 02:15:07 PM