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Bank of America Corp. (BAC)

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Last Post: 4/22/2014 10:07:47 PM - Followers: 361 - Board type: Free - Posts Today: 1

 

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: Galaxy Gaming Successfully Resolves Lawsuit With Bank of America 04/23/2014 03:00:00 PM
PostSubject
#16672   BAC with another close at HOD....... very nice and Skitradr 04/23/14 03:31:29 PM
#16671   Skitradr, please refer to my post #16590. Thanks, JJ8 04/22/14 10:07:47 PM
#16670   JJ8.....thanks for you're very insightful post...what is this LMP Skitradr 04/22/14 05:07:34 PM
#16669   JG, the LMP Indicator update for today shows JJ8 04/22/14 04:54:33 PM
#16668   BAC at HOD CJAKE1 04/22/14 02:38:18 PM
#16667   Yes I agree.....looking at the charts though, they Skitradr 04/22/14 12:21:47 PM
#16666   Gold price seems cheap. I like the majors IPO$ 04/22/14 12:20:13 PM
#16665   Sure.....but I have only been doing it with Skitradr 04/22/14 12:19:04 PM
#16664   Please let me know any recommendations as I'm IPO$ 04/22/14 12:17:23 PM
#16663   Hopefully I will have sold these long before Skitradr 04/22/14 11:06:25 AM
#16662   they should be worth a lot at that IPO$ 04/22/14 10:51:45 AM
#16661   Nice......I stuck with the jun 21 16.00 calls.......plan Skitradr 04/22/14 10:50:48 AM
#16660   My APR 15.50's converted into shares at 15.50 IPO$ 04/22/14 10:47:42 AM
#16659   Sure would be nice to break 16.75 in Skitradr 04/22/14 10:25:22 AM
#16658   agree maxxm 04/21/14 11:08:15 PM
#16657   JJ8, sorry for the late reply. Thank you JGulley317 04/21/14 12:07:53 PM
#16656   Thanks for ur reply moneymaker$ 04/21/14 08:33:59 AM
#16655   I am looking for around $18.00 - $18.30 Skitradr 04/21/14 06:22:22 AM
#16654   Not sure. Looks like the worst is now IPO$ 04/18/14 08:32:44 PM
#16653   Selling target ? moneymaker$ 04/18/14 05:39:05 PM
#16652   I'm long 1,500 - got em at $15.50 IPO$ 04/18/14 12:51:02 PM
#16651   $19 sooner than later $BAC is Cheap stockmarkot 04/17/14 10:07:10 PM
#16650   Do u think we hit that in the summer? moneymaker$ 04/17/14 09:05:37 PM
#16649   Upgraded today with 19 dollar price target by Oppenheimer JCB5 04/17/14 10:12:25 AM
#16648   They did not get filled yet. Stock is IPO$ 04/16/14 12:57:56 PM
#16647   Yea I agree.....did you purchase those April 19 calls??? Skitradr 04/16/14 12:25:02 PM
#16646   Good play here. IPO$ 04/16/14 12:23:04 PM
#16645   I was going to set mine for .60........then Skitradr 04/16/14 12:11:01 PM
#16644   Order Confirmation IPO$ 04/16/14 12:07:58 PM
#16643   Should I but APR calls with only 2 IPO$ 04/16/14 12:05:33 PM
#16642   I have order to buy 100 contracts at IPO$ 04/16/14 12:03:32 PM
#16641   Buying...... Skitradr 04/16/14 11:56:00 AM
#16640   Are you writing the calls or buying them??? IPO$ 04/16/14 11:55:39 AM
#16639   Yea, I agree...this is ON FIRE.......couldn't pass up Skitradr 04/16/14 11:50:31 AM
#16638   Come and get it while it's hot. guster0 04/16/14 10:52:45 AM
#16637   Loading zone!!! ison929 04/16/14 10:17:13 AM
#16636   And hear I was thinking the May 17 Skitradr 04/16/14 10:17:05 AM
#16635   BAC looks good once all lawsuits are cleared Jld3294 04/16/14 10:12:50 AM
#16634   Everyone does what they need to, todays loss trunkmonk 04/16/14 08:15:45 AM
#16633   Yes.... I have been trading it since $6.00 range.... JCB5 04/15/14 05:39:05 PM
#16632   DLO Filled: BAC - 03:32:55 Sold @ $16.34 JJ8 04/15/14 03:47:17 PM
#16631   Anyone else remember when this was at $5??? Liam859 04/15/14 02:30:53 PM
#16630   Making money.... Thanks BAC JCB5 04/15/14 10:22:48 AM
#16629   $BAC: MA(50) heading for a bearish crossover in bsdvs23 04/15/14 12:05:56 AM
#16628   It's all thanks to C. The truth of Jld3294 04/14/14 09:35:31 AM
#16627   Doesn't look like she's doing too bad pre nathan2123 04/14/14 08:11:43 AM
#16626   Ahhh...Another Monday morning and the headlights not penetrating. ison929 04/14/14 06:35:07 AM
#16625   It's been a while JJ8, glad to see KING_TRADER$ 04/14/14 03:39:46 AM
#16624   BAC tech analysis http://hereit1st.com/2014/04/13/googl-bac-jpm-analysis/ Hereitfirst 04/13/14 02:12:25 PM
#16623   This will run to 50 long term!!! OGSPECULATOR 04/12/14 11:20:34 PM
PostSubject