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Bank of America Corp. (BAC)

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Last Post: 10/30/2014 5:45:18 PM - Followers: 372 - 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
Option Chain for BAC
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 10/30/2014 04:01:57 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 10/29/2014 01:40:48 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 10/29/2014 12:06:17 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 10/29/2014 10:54:24 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 10/29/2014 06:01:07 AM
News News Alert: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 10/30/2014 04:01:57 PM
#17438   Dropped after hours when it was up only JCB5 10/30/14 05:45:18 PM
#17437   Dropping below the close.....due to sell off today JCB5 10/30/14 03:00:06 PM
#17436   Yep 17 a big line of resistance but Wanka 10/30/14 02:56:58 PM
#17435   Ok thanks. I'll look for it. Wanka 10/30/14 02:35:59 PM
#17434   I read it in yesterday article on the JCB5 10/30/14 02:35:38 PM
#17433   Ya but all of the Dow gains are visa. Wanka 10/30/14 02:34:45 PM
#17432   Dow up over 200 pts..... Bac up 8 JCB5 10/30/14 02:25:51 PM
#17431   BAC finally broke 17. It looks to be Wanka 10/30/14 01:41:59 PM
#17430   Read the latest interview..... I'll try to find it JCB5 10/30/14 01:41:01 PM
#17429   Can you post a link to that? Wanka 10/30/14 12:05:57 PM
#17428   I need to add more here. trunkmonk 10/30/14 10:13:40 AM
#17427   More revealing is the dow up 75 points JCB5 10/30/14 09:59:39 AM
#17426   Yes...... Should..... CEO interview yesterday points to some JCB5 10/30/14 09:55:20 AM
#17425   3.5% gdp growth beat estimates of 3.1%. Should Wanka 10/30/14 08:43:15 AM
#17424   3.5% gdp growth beat estimates of 3.1%. Should Wanka 10/30/14 08:41:59 AM
#17423   Hopefully a bounce in the am.... Still holding large JCB5 10/29/14 04:40:12 PM
#17422   Lots of financials beat AH. Hope that gives Wanka 10/29/14 04:32:26 PM
#17421   Someone sold 3.3 mill shares at 16.99. What Wanka 10/29/14 04:03:10 PM
#17420   Broke 17. Let's close above it! Wanka 10/29/14 03:44:48 PM
#17419   I hate how this stock trades. Great Wanka 10/29/14 02:59:29 PM
#17418   About to break 17 Wanka 10/29/14 02:25:25 PM
#17417   Agree!!!!! JCB5 10/29/14 02:23:54 PM
#17416   Should be more than 20 now that rates Wanka 10/29/14 02:21:44 PM
#17415   Yes..... Should be $19 on fundamentals alone JCB5 10/29/14 02:17:29 PM
#17414   17 seems to be a challenge for this Wanka 10/29/14 12:41:25 PM
#17413   Tops today at 16.96 and then drops back JCB5 10/29/14 12:32:13 PM
#17412   Turning today... Let's see if they're done dumping JCB5 10/28/14 05:21:26 PM
#17411   Exactly.....have to wait them out for bigger returns JCB5 10/28/14 12:53:35 PM
#17410   just how the cronies like it while they stockticker99 10/28/14 09:41:07 AM
#17409 Sone 10/27/14 09:15:18 PM
#17408   Dow up today at close..... BAC DOWN JCB5 10/27/14 05:30:42 PM
#17407   couldn't agree more.. stockticker99 10/27/14 10:54:14 AM
#17406   Pathetic performance starting this morning here with BAC JCB5 10/27/14 10:12:25 AM
#17405   yea but still green guys... decent week... stockticker99 10/24/14 05:13:23 PM
#17404   :( Wanka 10/24/14 01:20:16 PM
#17403   Dow up 72...bac flat ;-( JCB5 10/24/14 01:18:27 PM
#17402   Still waiting for breakout !!!!!! JCB5 10/24/14 09:58:28 AM
#17401   That's the current divvy price not the increase Wanka 10/23/14 06:14:07 PM
#17400   Bank of America declares $0.05 dividend 06:01 PM ET Sone 10/23/14 06:04:12 PM
#17399   Haha. Yes it is! I wish their Wanka 10/23/14 04:50:21 PM
#17398   No idea. But I would expect that would Wanka 10/23/14 04:49:36 PM
#17397   just nothing but positive indicators here.. stockticker99 10/23/14 04:43:27 PM
#17396   thanks for ur reply, what do u think moneymaker$ 10/23/14 04:32:31 PM
#17395   Good to know Sone 10/23/14 04:29:19 PM
#17394   January they're expected to request approval for an Wanka 10/23/14 04:26:00 PM
#17393   the current div is covering half my margin moneymaker$ 10/23/14 04:22:27 PM
#17392   tomorrow morning.. stockticker99 10/23/14 04:18:10 PM
#17391   when will we get the next div increase ?? moneymaker$ 10/23/14 04:15:03 PM
#17390   im watching... lol stockticker99 10/23/14 03:32:31 PM
#17389   I agree. Just a matter of when. It's Wanka 10/23/14 11:09:53 AM