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Bank of America Corp. (BAC)

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Last Post: 8/26/2015 9:27:42 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)(2) (424b2) 08/28/2015 03:23:01 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 08/28/2015 03:22:32 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 08/28/2015 02:06:19 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 08/28/2015 01:17:46 PM
BAC News: Notice of Exempt Solicitation. Definitive Material. (px14a6g) 08/28/2015 12:20:13 PM
#18488   Actually, the Fed and the policy makers should JJ8 08/26/15 09:27:41 AM
#18487   So, if it holds you are a loser ison929 08/26/15 08:47:25 AM
#18486   Uhmm I have bac up .49 pre A/H stocksnoway 08/26/15 06:56:13 AM
#18485   The whole wide world market is going down, ison929 08/26/15 06:51:09 AM
#18484   BAC is such a joke. Anyone realize we Lnp30 08/25/15 05:46:06 PM
#18483   I think one day we won't be able stocksnoway 08/25/15 04:32:06 PM
#18482   Not a positive sign for BAC, but it's JJ8 08/25/15 04:27:26 PM
#18481   I was so sea sick I kept stocksnoway 08/25/15 04:08:50 PM
#18480   Dramamine? JJ8 08/25/15 03:18:23 PM
#18479   I am getting sea sick.. Up and down stocksnoway 08/25/15 10:04:57 AM
#18478   Pre-market pps great jump. We may have a JJ8 08/25/15 08:43:22 AM
#18477   Oppsie daisy Lmao what happened to fifteen? S&P to stocksnoway 08/25/15 08:23:02 AM
#18476   Sorry to intrude. Been restricted to one tantalos60 08/24/15 08:39:11 PM
#18475   You'll never know. ison929 08/24/15 01:49:33 PM
#18474   Anyone get some in the 14's? I missed it! stocksnoway 08/24/15 10:28:25 AM
#18473 Lowjack 08/24/15 08:24:39 AM
#18472   Today's decline of 530.94 in the DJI brings JJ8 08/21/15 05:29:55 PM
#18471   You might be surprised to know that BofA ironyman 08/21/15 01:40:58 PM
#18470   Thank you very much moneymaker$ 08/21/15 10:35:08 AM
#18469   As far as the larger market, no, we JJ8 08/21/15 09:03:46 AM
#18468   Are we in a bear market? moneymaker$ 08/21/15 08:43:00 AM
#18467   Ok TheIceCreamMan 08/20/15 08:01:06 PM
#18466   ???? elcheepo 08/20/15 06:12:57 PM
#18465   Is it 'pear-like' and beautiful? Alas, haven't been JJ8 08/20/15 05:47:54 PM
#18464   No sir , just an observer elcheepo 08/20/15 05:32:05 PM
#18463   Hey Cheepo. You're invested in here too? TheIceCreamMan 08/20/15 05:23:25 PM
#18462   This one has CERTAINLY tested my patience! stocksnoway 08/20/15 03:34:44 PM
#18461   Patience, stocksnoway. It is a virtue... at least, sometimes:-) JJ8 08/20/15 03:32:19 PM
#18460   It looks tired after getting the crap beat stocksnoway 08/20/15 03:29:33 PM
#18459   Sorry friend, DLO filled: BAC - 02:33:42 Bought JJ8 08/20/15 03:02:59 PM
#18458   You may get it before 8:00 pm on Friday! stocksnoway 08/20/15 12:16:16 PM
#18457   Entered DLO to BUY at $16.80 JJ8 08/20/15 11:57:40 AM
#18456   About to pull your banking licence! stocksnoway 08/18/15 02:58:19 PM
#18455   About to pull your banking licence! Lowjack 08/18/15 08:31:56 AM
#18454   I agree! Conclusion Based on the excess returns method for stocksnoway 08/16/15 02:34:53 AM
#18453   On June 11th, Bank of America (NYSE:BAC) was stocksnoway 08/15/15 02:16:10 PM
#18452   Crap oh ought they needed to correct what Sone 08/15/15 08:44:19 AM
#18451   They have to ask the Feds in March moneymaker$ 08/15/15 08:26:11 AM
#18450   When are they increasing dividends? Sone 08/14/15 07:52:30 PM
#18449   Finally some life in BAC.. Loaded up some dannyzee84 08/10/15 04:23:50 PM
#18448   BAC ROX! MountainHigh 08/06/15 02:11:10 AM
#18447   Hey cheepo... Been going thru alot of personal tradersrule 08/01/15 06:34:02 AM
#18446   If the Bulls show up again we may dannyzee84 07/30/15 07:14:12 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