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Bank of America Corp. (BAC)

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Last Post: 3/30/2015 10:04:51 AM - 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: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 03/30/2015 05:07:53 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 03/30/2015 04:47:36 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 03/30/2015 04:44:58 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 03/30/2015 04:39:45 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 03/30/2015 04:32:50 PM
News News Alert: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 03/30/2015 05:07:53 PM
PostSubject
#18149   "I would expect the level of the federal JJ8 03/30/15 10:04:51 AM
#18148   A check of the price chart suggests the JJ8 03/30/15 09:41:11 AM
#18147   All speculation here JCB5 03/28/15 04:24:25 PM
#18146   The vertical climb is already approved and appropriated. trunkmonk 03/28/15 04:03:34 PM
#18145   Update #5 on status of market data feeds JJ8 03/28/15 12:59:08 PM
#18144   If this chick gets elected this is nothing stocksnoway 03/27/15 07:02:59 PM
#18143   The Larger Market Picture got a bit blurry JJ8 03/27/15 04:50:01 PM
#18142   IPO$, please read on top of your pc screen: JJ8 03/27/15 04:31:02 PM
#18141   Why isn't it moving on etrade? stocksnoway 03/27/15 03:57:51 PM
#18140   Why isn't share price showing on Ihub? IPO$ 03/27/15 02:45:48 PM
#18139   LOL, I thought it was me JRT 03/26/15 01:15:01 PM
#18138   I have discovered that I have incredible magical Ark922 03/26/15 12:20:36 PM
#18137   Bid at 15.29 and dropping pm stocksnoway 03/26/15 08:27:55 AM
#18136   Get your dry powder ready... slickwillski 03/26/15 05:58:11 AM
#18135   Lower lows .... Major loses for many! JCB5 03/25/15 01:50:22 PM
#18134   It may be too late but good to stocksnoway 03/25/15 01:29:27 PM
#18133   Hope ur right, these are 2010 shares prices. moneymaker$ 03/24/15 11:10:41 AM
#18132   Tanking hard in A/H trading. Looks like we stocksnoway 03/23/15 04:56:31 PM
#18131   Made me some nice cash on my short :) Smarttrader25 03/23/15 04:13:40 PM
#18130   More downside even though market is up! JCB5 03/23/15 02:00:05 PM
#18129   BAC- gonna double this year IMO. down pre-market trunkmonk 03/23/15 08:58:00 AM
#18128   What do u mean? moneymaker$ 03/22/15 09:04:03 PM
#18127   The run up has just begun, 90s all trunkmonk 03/22/15 11:32:33 AM
#18126   On Monday 2 Breakouts appeared in the components JJ8 03/20/15 07:23:14 PM
#18125   That's going to take 300 pt down day stocksnoway 03/20/15 04:38:56 PM
#18124   $15.50 Smarttrader25 03/20/15 04:36:22 PM
#18123   Were you going with a short here ? 15.61 stocksnoway 03/20/15 04:35:03 PM
#18122   Short this pig Smarttrader25 03/20/15 02:47:18 PM
#18121   Thanks for share. Very interesting read. Wanka 03/20/15 09:38:00 AM
#18120   Interesting read. Thanks for the post. Agent92260 03/19/15 10:42:56 PM
#18119   How Warren Buffett Wins From Bank of America's JJ8 03/19/15 06:53:33 PM
#18118   If ML is spun off as opposed to Ark922 03/19/15 12:15:54 PM
#18117   Added (15%) at $15.66 GLTA JJ8 03/19/15 11:49:34 AM
#18116   I hear what your saying but just hard stocksnoway 03/19/15 10:10:55 AM
#18115   Honestly breaking this bank up would likely cause Wanka 03/19/15 10:06:29 AM
#18114   If we can vote for breakup then we stocksnoway 03/19/15 09:25:34 AM
#18113   The SEC is not "forcing" the bank to Ark922 03/19/15 09:19:44 AM
#18112   In prepared remarks for a Congressional hearing obtained stocksnoway 03/19/15 08:45:43 AM
#18111   In prepared remarks for a Congressional hearing obtained stocksnoway 03/19/15 08:42:25 AM
#18110   They should stop Dodd Frank and leave the stocksnoway 03/19/15 01:43:00 AM
#18109   No chance of a rate increase until maybe stocksnoway 03/18/15 03:57:32 PM
#18108   Dow up 228 and we drop again JCB5 03/18/15 03:47:38 PM
#18107   here is the reason for the latest drop perhaps? stocksnoway 03/18/15 03:40:11 PM
#18106   NO Economy is slowing. stocksnoway 03/18/15 01:46:21 PM
#18105   Anyone think we're going to get a rate increase? Wanka 03/18/15 12:23:40 PM
#18104   For both our sakes, I hope you're right. GL. Ark922 03/16/15 06:25:52 PM
#18103   The original debate was if Warrens BAC contracts Agent92260 03/16/15 05:18:58 PM
#18102   The bank he is willing to risk his Ark922 03/16/15 05:16:56 PM
#18101   It's my understanding that Buffet has told his Ark922 03/16/15 05:15:18 PM
#18100   Today, 2 breakouts in important major market components JJ8 03/16/15 05:06:32 PM
PostSubject