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Bank of America Corp. (BAC)

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Last Post: 6/30/2015 11:02:56 AM - Followers: 376 - 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) 06/30/2015 04:48:16 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 06/30/2015 04:02:43 PM
BAC News: (25-NSE) 06/30/2015 03:50:22 PM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 06/29/2015 05:14:32 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 06/29/2015 04:36:35 PM
#18400   Received my class action check yesterday. All 14.6% cdaniel394 06/30/15 11:02:56 AM
#18399   Must read :Greece reconsidering Euro offer today... onedayyyyyyyyy 06/30/15 07:05:58 AM
#18398   Lol I knew they would find a way. stocksnoway 06/29/15 04:09:08 PM
#18397   Greece is the word! stocksnoway 06/29/15 08:03:28 AM
#18396   Stuck at resistance. Wants to return to tradersrule 06/26/15 07:43:41 AM
#18395   What happened big buddy? elcheepo 06/25/15 02:54:54 PM
#18394   Not calling for it but wouldn't have been stocksnoway 06/22/15 11:30:09 AM
#18393   Weren't you just calling for $16? Classic. Hawksfan 06/22/15 10:55:43 AM
#18392   You meant today's chart? Lmao Bought heavy Friday off the low. stocksnoway 06/22/15 10:47:48 AM
#18391   just keeps going up Fibanotch 06/22/15 08:32:44 AM
#18390   Whats so good looking about the's diving..of V63 06/22/15 01:21:06 AM
#18389   yes,sir Fibanotch 06/21/15 07:26:14 PM
#18388   Chart looks good?? moneymaker$ 06/21/15 02:14:42 PM
#18387   good looking chart Fibanotch 06/21/15 09:01:18 AM
#18386   Ok I don't understand this can anyone lighten V63 06/20/15 02:39:38 AM
#18385   The Securities and Exchange Commission charged 36 firms V63 06/18/15 02:04:47 PM
#18384   Something tells me sixteens are just a day stocksnoway 06/18/15 11:24:09 AM
#18383   Cool, going long with this one. Hawksfan 06/17/15 08:31:19 PM
#18382 V63 06/17/15 04:36:35 PM
#18381   Good idea!! :-D Hawksfan 06/17/15 12:02:54 PM
#18380   Better yet...why don't you average down ;-) tradersrule 06/17/15 11:40:19 AM
#18379   Below? Lol, you should buy in and hold Hawksfan 06/17/15 11:34:18 AM
#18378   Look out belowww!! tradersrule 06/17/15 10:48:59 AM
#18377   Greece is the word is the word is stocksnoway 06/17/15 10:33:25 AM
#18376   WARRIORS TAKING IT TO THE $BAC V63 06/17/15 02:14:09 AM
#18375   Now is the time to feed the banks stocksnoway 06/16/15 05:16:30 PM
#18374   Thanks Hawksfan 06/16/15 03:23:18 PM
#18373 Feds rate hike I'm still looking into V63 06/16/15 02:38:20 PM
#18372   What's on 6/18 Hawksfan 06/16/15 02:17:32 PM
#18371   I bought in $BAC on a buying power V63 06/16/15 01:30:17 PM
#18370   Looking good doe I think we will see 18 xd456xd 06/16/15 12:49:12 PM
#18369   Either we will see it break 17.80 and xd456xd 06/16/15 12:48:16 PM
#18368   Lizzy on the WAR path!! Even with trillions stocksnoway 06/16/15 07:58:12 AM
#18367   Will do and thanks! V63 06/16/15 01:50:22 AM
#18366   Buy in days when the market is red. BAC stocksnoway 06/16/15 01:47:44 AM
#18365   yes thats what I meant and one of V63 06/16/15 01:39:24 AM
#18364   Do you mean rate increase? This one would be stocksnoway 06/16/15 01:33:51 AM
#18363   I'm reading everywhere that $BAC is one of V63 06/15/15 10:44:01 PM
#18362   If you think Greece is going to rock stocksnoway 06/15/15 02:03:24 AM
#18361   BAC- getting near a top, cant say its trunkmonk 06/14/15 11:22:05 PM
#18360   Well let's see.. If you broke up bac stocksnoway 06/10/15 07:59:46 PM
#18359   Any thoughts on if BAC will trend to cdaniel394 06/10/15 05:49:07 PM
#18358   lOVE THIS STOCK AGAIN!! stocksnoway 06/09/15 01:09:15 PM
#18357   BAC might finally break 20. Been waiting too Wanka 06/09/15 12:56:55 PM
#18356   Nice buying today can't wait for more tomorrow stocksnoway 06/08/15 06:13:14 PM
#18355   Holding 17.20 so far. Buying on any pull stocksnoway 06/05/15 03:09:50 PM
#18354   Looking good quick cash real quick great day xd456xd 06/05/15 01:05:20 PM
#18353   Wow what a screamer today. No reason not to stocksnoway 06/05/15 11:15:37 AM
#18352   Ten year up a buck today. stocksnoway 06/03/15 04:23:57 PM
#18351   Only one way to go and that is stocksnoway 06/03/15 03:46:56 PM