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Bank of America Corp. (BAC)

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Last Post: 10/8/2015 3:39:39 PM - Followers: 378 - Board type: Free - Posts Today: 3



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) 05:17 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 10/07/2015 02:28:50 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 10/07/2015 01:58:00 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 10/06/2015 05:06:00 PM
BAC News: Impact of Regulation on Transaction Services for Bay Area Companies Headlines Meeting of AT30 10/05/2015 01:00:00 PM
News News Alert: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 10/08/2015 05:17:38 PM
#18522   I am watching like a hawk. stocksnoway 10/08/15 03:39:39 PM
#18521   I make money everyday trading it. I think GVInvestments 10/08/15 03:33:19 PM
#18520   I am out. Waiting until after earnings that each stocksnoway 10/08/15 11:04:42 AM
#18519   Wink wink, sure it is. Like I said, Agent92260 10/07/15 01:18:46 PM
#18518   Don't need luck! Worth less than $2! Lowjack 10/07/15 12:18:48 PM
#18517   **yawn**, good luck trying to short it. Agent92260 10/06/15 12:35:18 AM
#18516   Go ahead and start selling your assets! I Lowjack 10/05/15 11:25:54 PM
#18515   Once the CCAR results are known... Next 75 stocksnoway 10/02/15 04:31:11 PM
#18514   I agree on the name change, but as moneymaker$ 10/02/15 03:41:40 PM
#18513   LMAO who is trying to destroy it???? stocksnoway 10/02/15 02:17:38 PM
#18512   We should trade close to 30 if we stocksnoway 10/02/15 02:04:58 PM
#18511   Why are bank stocks being crushed worse than IPO$ 10/02/15 10:29:45 AM
#18510   Geez!!! What's next 12? Another (2) lawsuits we (shareholders) just stocksnoway 10/02/15 10:28:40 AM
#18509   You just have to learn how to play GVInvestments 10/01/15 08:09:27 PM
#18508   I have been day trading it and making GVInvestments 10/01/15 08:07:07 PM
#18507   Why is that? Is this just a fat moneymaker$ 10/01/15 01:52:01 PM
#18506   Too bad wall st won't recognize not only stocksnoway 10/01/15 10:09:50 AM
#18505   One of the many reasons that BAC is GVInvestments 09/30/15 10:21:18 PM
#18504   NICE! stocksnoway 09/30/15 01:49:11 AM
#18503   Fitch Upgrades BACBI's Mortgage Covered Bonds to 'AA' GVInvestments 09/29/15 10:41:38 PM
#18502   Once the fleecing of the bank or if stocksnoway 09/26/15 12:40:37 PM
#18501   We Finally Know How Much the Financial Crisis stocksnoway 09/26/15 12:28:46 PM
#18500   Wow Yellen gets all choked up when she stocksnoway 09/25/15 11:44:44 AM
#18499   Lmao SEP 10, 2015 George McDonald After KBW stocksnoway 09/10/15 09:27:36 AM
#18498   Barn barn needs to own up! nother View: Barney stocksnoway 09/05/15 11:49:30 AM
#18497   In muppet terms, "The giant Chinese Turd is Lowjack 09/04/15 01:42:01 AM
#18496   CHARLOTTE, N.C.--(BUSINESS WIRE)--Sep. 3, 2015-- Bank of America stocksnoway 09/03/15 05:53:08 PM
#18495   Ex divy date tomorrow stocksnoway 09/01/15 12:01:17 PM
#18494   Looking to retest 14 then no reason to stocksnoway 09/01/15 11:56:52 AM
#18493   Nope last I read smaller that 10% of stocksnoway 08/31/15 05:26:05 PM
#18492   BAC's losses in China will be huge! Lowjack 08/31/15 05:20:07 PM
#18491   Why is the Vix so high and staying stocksnoway 08/31/15 11:27:36 AM
#18490   I often wonder why BOD says yes and stocksnoway 08/31/15 08:00:04 AM
#18489   Bank of America—A new report by CLSA banking stocksnoway 08/31/15 07:56:32 AM
#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