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Bank of America Corp. (BAC)

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Last Post: 5/23/2017 12:07:20 PM - Followers: 406 - 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
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/26/2017 03:22:52 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/26/2017 03:21:31 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/23/2017 10:48:20 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 05/22/2017 03:06:17 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/22/2017 11:21:28 AM
#20360   Sold at $2.48. Causing me heartburn. 2 point spread 05/23/17 12:07:20 PM
#20359   LOL,..22.50 support, there is a reason for that. Equitiesduke 05/23/17 07:56:51 AM
#20358   LOL, wrong ,..again. Equitiesduke 05/23/17 07:54:05 AM
#20357   Strength in numbers, but then we who partake Equitiesduke 05/23/17 07:49:39 AM
#20356   Yup I see that. pennystockaholic 05/22/17 02:50:19 PM
#20355   I never thought of that but it makes stocktrademan 05/22/17 12:57:25 PM
#20354   Yup, sounds like someone put too much of HMONNY 05/22/17 12:52:39 PM
#20353   Regarding your message stocktrademan 05/22/17 11:37:48 AM
#20352   Yes, way, way oversold("manipulated")!! Equitiesduke 05/22/17 11:05:59 AM
#20351   Patience we will get there. pennystockaholic 05/18/17 04:18:27 PM
#20350   We need some more good news. Im sure pennystockaholic 05/18/17 04:13:34 PM
#20349   Sold at $2.40 2 point spread 05/18/17 02:59:41 PM
#20348   I also bought my January 2018 $22 calls 2 point spread 05/18/17 02:40:14 PM
#20347   Looks enticing for sure. The political Goodtimes93 05/18/17 12:39:44 PM
#20346   looks like its almost a good time to HMONNY 05/18/17 12:23:55 PM
#20345   In at $2.19! 2 point spread 05/17/17 02:09:47 PM
#20344   BAC bullish option stocktrademan 05/17/17 11:59:10 AM
#20343   Yes, and outright "manipulation". Equitiesduke 05/17/17 10:18:07 AM
#20342   test kaylamarie 05/17/17 08:12:09 AM
#20341   No time for that "trace back", etc. Busy Equitiesduke 05/16/17 03:11:47 PM
#20340   Can't seem to break out of the "channel" Equitiesduke 05/16/17 03:08:22 PM
#20339   We were talking about another ticker. Not BAC, HMONNY 05/16/17 12:07:54 PM
#20338   $24 plus today on solid volume pennystockaholic 05/15/17 04:55:42 PM
#20337   This is just light volume. pennystockaholic 05/12/17 03:22:54 PM
#20336   Oh yes, the usual Friday PM sell of. Equitiesduke 05/12/17 01:48:22 PM
#20335   LMAO! Equitiesduke 05/12/17 11:02:52 AM
#20334   Agreed in total. Equitiesduke 05/12/17 08:21:18 AM
#20333   Thank you sir $$$$$$$$$$ pennystockaholic 05/06/17 12:10:55 AM
#20332   Yep. Momentum is hard to fight. Goodtimes93 05/05/17 04:17:36 PM
#20331   Pretty much why I can't logically support their Goodtimes93 05/05/17 04:16:35 PM
#20330   Same thing was said about channels & HFT HMONNY 05/05/17 02:35:25 PM
#20329   The data they have is collected thru the HMONNY 05/05/17 02:34:00 PM
#20328   There is much of what you are saying Goodtimes93 05/05/17 01:02:20 PM
#20327   Doubt the 31. "target" any time in next Equitiesduke 05/05/17 12:51:14 PM
#20326   It is a truly odd case for sure. Goodtimes93 05/05/17 11:41:05 AM
#20325   hey bud, HMONNY 05/05/17 10:20:46 AM
#20324   Sold my 19JAN18$22 Calls this morning. 2 point spread 05/04/17 10:43:27 AM
#20323   $31 target. Plenty of opportunities to buy and 2 point spread 05/03/17 10:40:51 PM
#20322   You're funny. 2 point spread 05/03/17 10:25:46 PM
#20321   I'm suing this pig for mortgage fraud. nedmorlef 05/03/17 09:23:29 PM
#20320   Short Hedge funds trying to play hardball against kid biscuit 05/03/17 02:01:52 AM
#20319   Lol yeah ok sir pennystockaholic 05/02/17 10:37:44 PM
#20318   SHORTING THIS PIG GET OUT NOW JMO Tec2741 05/02/17 12:45:13 PM
#20317   SHORTING THIS PIG GET OUT NOW Tec2741 05/02/17 12:44:52 PM
#20316   Interesting issues coming out of the White House Equitiesduke 05/01/17 03:09:11 PM
#20315 pennystockaholic 04/29/17 05:55:59 PM
#20314   Sharp as a tack 2 point spread 04/27/17 10:47:48 AM
#20313   The calls are sharp. pennystockaholic 04/26/17 04:14:29 PM
#20312   Meant to say: I sold my Jan18$22 2 point spread 04/25/17 05:01:06 PM
#20311   Crazy! Finally a old my calls today. 2 point spread 04/25/17 10:43:27 AM