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Bank of America Corp. (BAC)

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Last Post: 4/20/2017 3:19:10 PM - Followers: 405 - 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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BAC News: Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) 04/21/2017 04:20:31 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 04/21/2017 04:05:19 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 04/20/2017 06:04:03 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 04/20/2017 06:04:03 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 04/20/2017 06:04:03 AM
PostSubject
#20310   Yesterday's move was quite weird, I don't know magness 04/20/17 03:19:09 PM
#20309   It is definitely an odd time. Goodtimes93 04/19/17 10:47:12 PM
#20308   Like I said, this Stock is a day The Pup 04/19/17 04:02:29 PM
#20307   Today's low 20.66 when did that happened I tpg 04/19/17 12:20:01 PM
#20306   Great earnings, look at Goldman... magness 04/19/17 12:15:35 PM
#20305   BAC will request of The Fed(incompetent's)as to have The Pup 04/19/17 10:05:47 AM
#20304   It's time to shelve financials till EOY. Let's HMONNY 04/19/17 05:15:41 AM
#20303   I escaped holding a 10k share bag at jones99 04/18/17 05:33:13 AM
#20301   Trump speaking against the dollar and interest rates Hulk Hogan is God 04/12/17 10:49:15 PM
#20299   back in this morning 2 point spread 04/03/17 01:17:59 PM
#20298   They say cats have 9 lives. pennystockaholic 04/01/17 10:58:38 PM
#20297   Dead cats need no tail!;-) Lowjack 04/01/17 07:40:21 PM
#20296   Lol thats to low. pennystockaholic 04/01/17 06:03:02 PM
#20295   Thats good, we will push forward this week. pennystockaholic 04/01/17 05:58:00 PM
#20294   Sold calls today. Will sleep better this wknd. 2 point spread 03/31/17 02:52:13 PM
#20293   Fill Gaps! 16-19! Lowjack 03/31/17 02:06:50 AM
#20292   A slow creek uphill. pennystockaholic 03/30/17 11:07:48 PM
#20291   I've been in and out since December it's 2 point spread 03/30/17 02:01:58 PM
#20290   I also own Jan18$22calls. They are causing 2 point spread 03/30/17 10:03:20 AM
#20289   Yes sir it it. People are gearing up pennystockaholic 03/29/17 04:53:15 PM
#20288   BAC bullish option stocktrademan 03/29/17 12:57:14 PM
#20287   Frankly saw brexit as overblown. Many Goodtimes93 03/28/17 12:49:49 PM
#20286   With the Brexit plan being rolled out, you HMONNY 03/28/17 12:34:08 PM
#20285   True and I temper my enthusiasm for a Goodtimes93 03/28/17 11:42:55 AM
#20283   You know buyouts use to be a sure HMONNY 03/28/17 07:51:30 AM
#20282   Yes I'm in this for the long haul $$$$$$ pennystockaholic 03/27/17 05:24:48 PM
#20281   Well the oddest part for them is as Goodtimes93 03/27/17 01:02:13 PM
#20280   GRPN can very well be the sleeper pick HMONNY 03/27/17 12:49:09 PM
#20279   The Republicans in the Heritage Foundation, the Freedom The Pup 03/27/17 10:38:59 AM
#20278   Well my $23 reentry is slightly under water Goodtimes93 03/27/17 09:50:35 AM
#20277   That's exactly it though right brother, "The Perfect HMONNY 03/27/17 09:18:27 AM
#20276   You have been calling it for sometime. Goodtimes93 03/27/17 09:09:41 AM
#20275   Hate seeing this sale off! Almost jumped in Skynyrd 03/27/17 09:04:18 AM
#20274   I'm going to be scaling in from $20-22, HMONNY 03/27/17 08:53:37 AM
#20273   It hit last week already...I'm waiting it out HMONNY 03/27/17 08:41:29 AM
#20272   You might get your $22.50 after all. Goodtimes93 03/27/17 08:16:36 AM
#20271   Yeah just like the housing market in 2007 ;) pennyman247 03/26/17 10:44:14 PM
#20270   Not going to happen buddy. $BAC is strong. pennystockaholic 03/26/17 09:23:25 PM
#20269   Drop to $20 by end of week? pennyman247 03/26/17 07:01:00 PM
#20268   I hope so we will see this week. pennystockaholic 03/26/17 02:21:13 PM
#20267   10Billion Shares! Here Catch! Lowjack 03/26/17 06:20:47 AM
#20266   Just a minor pullback pennystockaholic 03/25/17 10:05:26 AM
#20265   What happen here from 25 back to down tiger1966 03/24/17 01:36:15 PM
#20264   This Stock always drops on Friday PM. Obvious The Pup 03/24/17 12:04:57 PM
#20263   No Vote Today & Drop by end of Day Cannabis 2013 03/24/17 10:38:28 AM
#20262   Looks like the profit taking is complete... HMONNY 03/24/17 10:34:55 AM
#20261   Nope not going to happen $$$$$$ pennystockaholic 03/23/17 05:05:55 PM
#20260   http://www.lolpix.com/_pics/Funny_Pictures_565/Funny_Pictures_5655.jpg Lowjack 03/23/17 03:40:14 PM
#20259   It might. A lot of wind Goodtimes93 03/23/17 10:59:19 AM
#20258   Let's say this bill fails to pass today, HMONNY 03/23/17 10:49:50 AM
PostSubject