SureTrader SureTrader
Home > Boards > US Listed > Banking and Finance >

Bank of America Corp. (BAC)

Add BAC Price Alert      Hide Sticky   Hide Intro
Moderator: No Moderator
Search This Board:
Last Post: 5/29/2015 4:05:30 PM - Followers: 373 - 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

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Current Price
Bid Ask Day's Range
Option Chain for BAC
BAC News: 6 Banking Technologies You'll See in the Next 5 Years 10:05 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/29/2015 05:08:17 PM
BAC News: Bank of America Tightens Compliance Processes, including Collections, Across Businesses 05/29/2015 03:08:00 PM
BAC News: Will Visa Spend $20 Billion to Get This European Business Back? 05/29/2015 10:13:02 AM
BAC News: Warren Buffett Just Made Berkshire Hathaway's Biggest Stock Holding Even Bigger 05/28/2015 02:09:02 PM
News News Alert: 6 Banking Technologies You'll See in the Next 5 Years 05/30/2015 10:05:02 AM
#18341   30 million OCC fine was not expected.. Down stocksnoway 05/29/15 04:05:30 PM
#18340   Yes it's a summer Friday with some bad stocksnoway 05/29/15 02:19:22 PM
#18339   By Sept $20. nicehit 05/29/15 12:23:57 PM
#18338   sell off point it will be going back down xd456xd 05/29/15 12:00:12 PM
#18337   Going nowhere fast. Regulations and zero rates. keyotee 05/29/15 01:26:40 AM
#18336   Haha moneymaker$ 05/28/15 07:38:01 AM
#18335   I am discouraged to read ANY article that JJ8 05/27/15 09:42:12 PM
#18334 moneymaker$ 05/27/15 09:09:33 PM
#18333   I'll be out tomorrow or Friday... should it JJ8 05/27/15 09:07:38 PM
#18332   Is this going to 30? Lol Hawksfan 05/27/15 09:03:54 PM
#18331   The larger Market (The LMP Indicator) again signaled JJ8 05/26/15 11:37:33 PM
#18330   Order to buy at $16.46 filled. Looks like JJ8 05/26/15 12:35:44 PM
#18329   Anyone buying bac calls? moneymaker$ 05/21/15 08:45:45 PM
#18328   DLO to Sell at $16.72 was filled. JJ8 05/19/15 10:09:46 AM
#18327   The Low Risk, High Growth Potential portfolio only stocksnoway 05/18/15 11:17:19 AM
#18326   Lol TheWatcher51 05/18/15 09:53:24 AM
#18325   Mine neither after checking many sources. farviewhill 05/16/15 08:48:09 PM
#18324   Nothing on my radar so far. stocksnoway 05/16/15 09:35:47 AM
#18323   MSNBC announced today that BAC just had an farviewhill 05/15/15 03:51:54 PM
#18322   Looks like it... Don't matter what the street TheWatcher51 05/15/15 10:21:03 AM
#18321   Looks like any 16.50 calls shall expire worthless today! stocksnoway 05/15/15 10:11:57 AM
#18320   Again another reversal to positive momentum in the JJ8 05/15/15 09:32:46 AM
#18319   In an SA presser this am Bank Of America: stocksnoway 05/15/15 09:19:53 AM
#18318   Charles I. Clough Jr., chairman and chief executive stocksnoway 05/15/15 01:41:38 AM
#18317   Yes, but one of these days when we farviewhill 05/14/15 10:39:27 PM
#18316   Gltu too... Yes I agree about management... And TheWatcher51 05/14/15 06:36:32 PM
#18315   I think it's core value is 22 and stocksnoway 05/14/15 04:18:14 PM
#18314   Well I was planning on a day trade TheWatcher51 05/14/15 04:09:43 PM
#18313   First close above 16.50 since March. Will see stocksnoway 05/14/15 04:04:18 PM
#18312   All the other big banks are up double TheWatcher51 05/14/15 03:50:51 PM
#18311   I hope these shorts go BK after this TheWatcher51 05/14/15 02:23:39 PM
#18310   How is this not following its peers...? TheWatcher51 05/14/15 02:19:32 PM
#18309   Come on you sluggish pos... The markets rallying TheWatcher51 05/14/15 01:49:25 PM
#18308   Market up... Dollar up... Bac down TheWatcher51 05/14/15 12:38:10 PM
#18307   This anticipated minimal interest ate hike, history shows, farviewhill 05/14/15 12:00:34 PM
#18306   Problems facing the company recently have been positively farviewhill 05/14/15 11:56:02 AM
#18305   Weak... Bac TheWatcher51 05/14/15 11:17:59 AM
#18304   Dollar is spiking... Bac TheWatcher51 05/14/15 10:57:23 AM
#18303   This needs to disconnect from the overall markets... TheWatcher51 05/14/15 09:53:29 AM
#18302   Yes I believe market perception has had a TheWatcher51 05/13/15 10:24:39 PM
#18301   I am definitely counting on that happening. farviewhill 05/13/15 10:15:00 PM
#18300   Yes I agree... Raising rates sounds inevitable come TheWatcher51 05/13/15 09:59:45 PM
#18299   Have any idea of the hedge funds, etc., farviewhill 05/13/15 09:21:34 PM
#18298   Where are all theses shares coming from....? Bac TheWatcher51 05/13/15 01:37:09 PM
#18297   It's fighting for every uptick... Selling has overwhelmed TheWatcher51 05/12/15 02:59:41 PM
#18296   Anyone know if BOA has been buying shares cdaniel394 05/12/15 01:07:29 PM
#18295   I agree farviewhill 05/12/15 12:55:28 PM
#18294   Yep.. That's my take as well.. Would be TheWatcher51 05/11/15 03:45:31 PM
#18293   Agreed TheWatcher51. 'Bi-polar' is an apt description for JJ8 05/11/15 03:38:31 PM
#18292   Many factors keeping a lid on this one... TheWatcher51 05/11/15 03:12:45 PM