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Bank of America Corp. (BAC)

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Last Post: 4/17/2015 11:16:59 PM - Followers: 375 - 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) 04/17/2015 06:03:35 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 04/17/2015 06:03:35 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 04/17/2015 06:03:35 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 04/17/2015 06:03:35 AM
BAC News: Bank of America’s First-Quarter Earnings Were Better, but Still Far From Good 04/16/2015 10:13:43 PM
News News Alert: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 04/17/2015 06:03:35 AM
#18207   Bullish signals reversed today in the larger market. JJ8 04/17/15 11:16:59 PM
#18206   May need to call IR on that one Monday. stocksnoway 04/17/15 05:11:04 PM
#18205   Bac bb has to be done over a moneymaker$ 04/17/15 04:23:40 PM
#18204   I know wonder if we have been setup stocksnoway 04/17/15 04:10:32 PM
#18203   Bought/Added(33%) at $15.56 JJ8 04/17/15 11:13:36 AM
#18202   Didn't I hear they were getting in the TheWatcher51 04/17/15 10:05:21 AM
#18201   Around May 15th or so once this markets stocksnoway 04/17/15 09:59:41 AM
#18200   When's the meeting? Aguren 04/17/15 09:47:18 AM
#18199   If she goes lower she trades at or stocksnoway 04/17/15 09:44:43 AM
#18198   Agree... However this has been beaten up and TheWatcher51 04/17/15 09:34:42 AM
#18197   Significant selling pre market :-( JCB5 04/17/15 08:10:10 AM
#18196   Already on board trunkmonk 04/17/15 12:43:51 AM
#18195   I could be wrong but Doesn't look like TheWatcher51 04/16/15 03:12:59 PM
#18194   15.93.... looking for a break above that... And TheWatcher51 04/16/15 02:28:51 PM
#18193   Post 50 ma .... I'm away from my JCB5 04/16/15 02:23:29 PM
#18192   Taking a run at the 50 ma... All TheWatcher51 04/16/15 01:51:43 PM
#18191   The larger market picture improved since my last JJ8 04/16/15 11:32:02 AM
#18190   Yes finally nice day trade and long position stocksnoway 04/16/15 11:30:19 AM
#18189   Looks like the Pony Express finally got the cdaniel394 04/16/15 11:10:05 AM
#18188   Yes and most trades went thru on sell side JCB5 04/15/15 05:16:07 PM
#18187   From Moynihan on the call stocksnoway 04/15/15 03:22:33 PM
#18186   You too! Wanka 04/15/15 10:08:02 AM
#18185   I am ready for it too. Long morning of stocksnoway 04/15/15 10:07:24 AM
#18184   Hoping a for at least 100 mill share Wanka 04/15/15 10:06:41 AM
#18183   Nice work. Looks like it's going higher. Finally Wanka 04/15/15 10:03:06 AM
#18182   Got my quota for the day trades still stocksnoway 04/15/15 10:01:14 AM
#18181   Well that's. True any gap up we tend Wanka 04/15/15 09:27:12 AM
#18180   I think we crash and burn at open stocksnoway 04/15/15 09:25:56 AM
#18179   Ya. Barely moving. Looks like finally bad news Wanka 04/15/15 09:21:45 AM
#18178   I think it follows WFC lead from yesterday stocksnoway 04/15/15 08:57:41 AM
#18177   BAC- is getting on the elevator for the trunkmonk 04/15/15 08:40:19 AM
#18176   All that matters to us is the price JCB5 04/15/15 07:48:58 AM
#18175   CEO has done a nice job navigating out slickwillski 04/15/15 07:27:15 AM
#18174   Bank of America reports Q1 EPS with items jimmybob 04/15/15 07:06:24 AM
#18173   Bank of America CEO says seeing 'encouraging' signs jimmybob 04/15/15 07:06:02 AM
#18172   Ya. It's stupid. Banks best nicely so let's Wanka 04/14/15 09:22:46 AM
#18171   WFC getting clobbered on NIM's Bac I think stocksnoway 04/14/15 09:13:15 AM
#18170   May 15 17.00 calls are moving Wow stocksnoway 04/13/15 01:48:01 PM
#18169   Massive call buying today. Surprise beat coming? Wanka 04/13/15 01:11:17 PM
#18168   Lizzy not done with bad bad bad banks stocksnoway 04/11/15 05:30:13 PM
#18167   Anyone buying calls here? moneymaker$ 04/09/15 02:46:32 PM
#18166   Ditto. WovenOxygen 04/06/15 06:31:24 PM
#18165   Looks right and best of trades JCB5 04/06/15 01:02:19 PM
#18164   ready to go green! Should have left my stocksnoway 04/06/15 11:50:04 AM
#18163   Pre market down again! JCB5 04/06/15 09:11:30 AM
#18162   There's over 500k oi in puts post earnings Wanka 04/02/15 05:14:41 PM
#18161   Crazy put activity every green day stocksnoway 04/02/15 04:26:51 PM
#18160   Said the spider to the fly JCB5 04/02/15 02:17:13 PM
#18159   Right on..... Perhaps greater internal problems that most JCB5 04/02/15 02:16:41 PM
#18158   Uncertainty can create opportunity. Agent92260 04/02/15 01:41:52 PM