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

Bank of America Corp. (BAC)

BAC RSS Feed
Add BAC Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board:
Last Post: 7/25/2016 10:43:08 AM - Followers: 396 - Board type: Free - Posts Today: 0

 

Website: https://www.bankofamerica.com/


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.
Website: www.ml.com/US

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.

Headquarters:
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
BAC
Current Price
Volume:
Bid Ask Day's Range
SureTrader
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 07/26/2016 10:25:20 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 07/26/2016 10:19:54 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 07/25/2016 04:23:42 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 07/25/2016 04:18:55 PM
BAC News: Former Army Medic Receives Keys to Home as Bank of America Celebrates 2,000 Property Donations to Nonprofits Serving Military... 07/22/2016 11:00:00 AM
News News Alert: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 07/26/2016 10:25:20 AM
PostSubject
#19097   Of course it does. Real World,...many cannot find The Pup 07/25/16 10:43:08 AM
#19096   P.S. to previous: The Pup 07/25/16 08:36:51 AM
#19095   It should, but doubtful! The Pup 07/25/16 08:31:41 AM
#19094   Don't Disagree. Gas down right now CJAKE1 07/22/16 09:52:44 PM
#19093   Oil,oil,oil,oil,oil.......when it drops it great for the consumer Snizzle 07/22/16 09:14:32 PM
#19092   Not sure where that's coming from......but......BAC does have Snizzle 07/22/16 09:12:38 PM
#19091   Sucks...For Everyone...When People Can't pay their loans Back CJAKE1 07/22/16 07:39:05 PM
#19090   Hoping BAC keeps Bad Loans at a Minimum CJAKE1 07/22/16 07:38:21 PM
#19089   BAC was $4 higher 1 year ago...Room to Run CJAKE1 07/22/16 07:33:06 PM
#19088   Thanks. I'll look into that, and as a YazM 07/22/16 02:47:09 PM
#19087   Closed My trade with .08 to have some The Pup 07/22/16 12:37:11 PM
#19086   Not a bad algo, but saw this .07-.09 The Pup 07/22/16 12:32:40 PM
#19085   I've been playing the channel in and out YazM 07/22/16 10:53:34 AM
#19084   Stay VERY close on Your short trades. Lots The Pup 07/22/16 10:26:41 AM
#19083   It was inevitable, but stay close as Fib The Pup 07/22/16 10:07:25 AM
#19082   Your the man you know how to do herbster 07/21/16 12:19:25 PM
#19081   Called it man. Market is finally turning red YazM 07/21/16 11:45:05 AM
#19080   LOL.!! The Pup 07/20/16 11:58:24 AM
#19079   Note * YazM 07/20/16 11:34:06 AM
#19078   I made my money this morning when it YazM 07/20/16 11:33:24 AM
#19077   Oh well still green stockwinner 07/20/16 11:30:59 AM
#19076   Referring to the Feds as "useless" is enhancing The Pup 07/20/16 10:53:34 AM
#19075   Shorted more at 14.39. Market should be down YazM 07/20/16 09:09:49 AM
#19074   Shorted this one again along with a few YazM 07/19/16 10:45:47 PM
#19073   The FED WILL NOT decide when interest rates Snizzle 07/19/16 09:38:13 PM
#19072   BAC on the move the last few days. Snizzle 07/19/16 08:16:04 PM
#19071   Agreed. The Pup 07/19/16 09:35:33 AM
#19070   I tend to believe investor confidence is rebuilding. TechKim 07/19/16 07:37:16 AM
#19069   I honestly don't follow the stock but have IB_ 07/18/16 02:22:19 PM
#19068   Try Tim McIntire at BAC. The 10.51 B The Pup 07/18/16 10:29:36 AM
#19067   One can only imagine how well BAC will The Pup 07/18/16 10:08:07 AM
#19066   Fourteen not too far out. GO ison929 07/18/16 09:47:48 AM
#19065   Gave everyone the heads up Friday right after YazM 07/18/16 07:54:27 AM
#19064   Bank of America's Results Slide Source: Dow Jones News By Snizzle 07/18/16 07:22:04 AM
#19063   15mins to go before BAC fin report or ison929 07/18/16 06:32:08 AM
#19062   You sir..... Have fun. Just don't get caught playing Snizzle 07/17/16 08:17:55 PM
#19061   Poster "The Pup"- Snizzle 07/17/16 08:12:01 PM
#19060   It definitely will be an interesting week, premarket YazM 07/17/16 07:51:34 PM
#19059   Hhhmmm, just in off the yacht. Took time The Pup 07/17/16 05:27:21 PM
#19058   My apologies. Welcome to ihub! Since you have Snizzle 07/17/16 11:53:07 AM
#19057   I'll try again....3rd time. BAC's O/S has been Snizzle 07/17/16 11:49:45 AM
#19056   Take a look at at least some of The Pup 07/17/16 11:23:30 AM
#19054   Mixed results this week from some of the Snizzle 07/15/16 07:54:26 PM
#19053   Well it seems like it stockwinner 07/15/16 06:31:48 PM
#19052   A little birdy told me that this will YazM 07/15/16 04:35:04 PM
#19051   https://earningswhispers.com/stocks/bac stockwinner 07/15/16 01:40:30 PM
#19050   Next Monday 6:45AM stockwinner 07/15/16 01:39:47 PM
#19049   What day are the earnings? Brooklyn75 07/15/16 01:25:07 PM
#19048   Hopefully Thanks for your prediction I exited yesterday from stockwinner 07/15/16 12:58:48 PM
#19047   i think we will break 13.80 next week xd456xd 07/15/16 12:41:26 PM
PostSubject