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Bank of America Corp. (BAC)

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Last Post: 5/27/2016 1:53:39 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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BAC News: Bank of America, (RED)® and Chef Mario Batali Encourage Friends and Families to Dine Out to Help Support the Fight Against A... 09:00 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 05/27/2016 01:37:26 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 05/27/2016 12:52:29 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/27/2016 11:33:27 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/27/2016 11:03:39 AM
News News Alert: Bank of America, (RED)® and Chef Mario Batali Encourage Friends and Families to Dine Out to Help Support the Fight Against A... 05/31/2016 09:00:00 AM
#18945   About 14 percent of America's Banking Sector : nowwhat2 05/27/16 01:53:39 PM
#18944   I may be selling a few today to fishreplicas1 05/26/16 09:10:57 AM
#18943   Timber CarlCarlMcB 05/25/16 03:12:38 PM
#18942   What's with the 1.2 million dump samstockguru 05/20/16 06:36:54 PM
#18941   Sold my position here during the day to WinningInvestments 05/19/16 06:52:30 PM
#18940   Looking to get in at 14 samstockguru 05/19/16 11:49:18 AM
#18939   Rate hike probable for June. OrangeShovel 05/18/16 03:32:28 PM
#18938   Like I said rate hikes. Things should get moving. TechKim 05/18/16 02:53:27 PM
#18937   Fed minutes due for last month meeting. Market Agent92260 05/18/16 01:44:56 PM
#18936   Any idea why banks are going nuts? Picks77 05/18/16 01:35:44 PM
#18935   11594 Shares Of BAC Bought After Hours @ 6T9DMN8TR6T9 05/16/16 11:33:54 PM
#18934   Rate hikes logically will get things moving. What TechKim 05/16/16 07:40:28 PM
#18933   Insiders bought 21M$@13.19.. Hmmm it smells something good GoodWill 05/14/16 10:01:36 PM
#18932   Grabbed some shares end of day here, like WinningInvestments 05/13/16 05:52:46 PM
#18931   Slowly turning into a blood bath newair 05/13/16 03:58:32 PM
#18930   They got all that cheap money from the IPO$ 05/12/16 02:17:32 PM
#18929   Trend revearsal at 12:00 would not surprise me, Yesterday GoodWill 05/12/16 11:54:20 AM
#18928   SCAM DILUTING CO JUST LIKE THE REST OF THEM MeLotsOfMoney 05/10/16 05:24:59 PM
#18927   Just sitting BAC and relaxing on my shares. trunkmonk 05/10/16 03:22:01 PM
#18926   Y r we so low on the chart xd456xd 05/09/16 02:17:15 PM
#18925   Cyclone,,,,,They Did. newair 05/04/16 12:00:38 AM
#18924   This company could screw up a wet dream cyclone101 05/03/16 03:13:51 PM
#18923   Still holding may 6 calls. newair 05/03/16 02:42:13 AM
#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