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Bank of America Corp. (BAC)

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Last Post: 2/23/2021 7:16:31 AM - Followers: 430 - 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.
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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

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BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05:32 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05:16 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 11:58 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 10:20 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 09:10 AM
News News Alert: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 02/26/2021 05:32:02 PM
PostSubject
#22075   conix, LOOK at my post over at American I-Man 02/23/21 07:16:31 AM
#22074   It all is a crock of YOU KNOW I-Man 02/23/21 07:15:09 AM
#22073   Project financing program. We offer flexible financing for medallion1 02/17/21 05:04:24 AM
#22072   $bac $33.38 ^ 0.5 (1.52%) Taurus69 02/12/21 08:15:33 PM
#22071   Who was the one that said he doesn't kevin 3 02/06/21 05:44:22 PM
#22070   $bac $32.4 v -0.1 (-0.31%) Taurus69 02/06/21 01:04:32 PM
#22069   Calls for Bank of America boycott grow after conix 02/06/21 12:29:39 AM
#22068   Calls for Bank of America boycott grow after conix 02/06/21 12:29:36 AM
#22067   https://www.foxnews.com/opinion/tucker-carlson-bank-of-america-customer-data-fed newguy11 02/05/21 08:21:02 AM
#22066   Wow bank of America now spying on customers newguy11 02/05/21 12:07:16 AM
#22065   BAC chart conix 01/30/21 06:45:15 PM
#22064   Small bounce startet from 30 wagner 01/28/21 10:39:50 AM
#22063   Someone is destroying all SL... wagner 01/26/21 10:13:33 AM
#22062   $bac $31.11 v -0.44 (-1.39%) Taurus69 01/25/21 10:09:42 PM
#22061   Looks like it started :() wagner 01/25/21 12:44:46 PM
#22060   Technical oversold... Reversal coming wagner 01/25/21 10:51:51 AM
#22059   Watching for a reversal after filling that gap conix 01/25/21 09:55:29 AM
#22058   Watching for a reversal conix 01/25/21 09:54:43 AM
#22057   $bac $31.52 v -0.25 (-0.79%) Taurus69 01/23/21 06:50:24 PM
#22056   Fundamental is there, I keep adding Bank of wagner 01/22/21 08:22:45 AM
#22055   BAC taking a hit today Dammmm allll my t1215s 01/21/21 10:02:56 AM
#22054   Added first position, charts seems cooled down a bit wagner 01/20/21 05:15:14 PM
#22053   Nice day BAC. Treasuries are rising. Biden ready Zues 01/11/21 06:13:09 PM
#22052   Holding 30 really helps the chart Spicknspan 01/04/21 12:56:38 PM
#22051   Great info thanks restripe 01/02/21 06:39:26 PM
#22050   $bac $30.33 ^ 0.35 (1.17%) Taurus69 01/02/21 06:30:44 PM
#22049   Yay good news DayTraderOG 12/21/20 03:34:54 PM
#22048   I can only hope people got in BAC t1215s 12/21/20 02:52:11 PM
#22047   Traders waiting for a better moment to get t1215s 12/20/20 08:02:21 AM
#22046   Well it looks like we get a little t1215s 12/11/20 03:33:51 PM
#22045   $bac $29.3 ^ 0.39 (1.35%) Taurus69 12/06/20 08:43:46 PM
#22043   Italy picks Bank of America, Orrick to advise t1215s 11/22/20 02:28:52 PM
#22042   How have you been ole'boy? Haven't talk with Mo Money Mo Money Mo 11/13/20 11:42:52 PM
#22041   That's a fair point. Used to be FullDisclosureEsq 11/13/20 07:33:03 PM
#22040   $bac $26.99 ^ 0.3 (1.12%) Taurus69 11/13/20 06:20:20 PM
#22039   Russia Insider / ABC Flash Point News 2020. Saving Grace 11/13/20 01:14:08 PM
#22038   OMG! LMAO!!!! Really? rawman 11/12/20 09:31:57 PM
#22037   Wow, and even more junk notes! This manipulator Saving Grace 11/12/20 03:31:48 PM
#22036   Backfire Hurricane, No deepstate reset. Central Bank Collapse. Saving Grace 11/12/20 02:35:41 PM
#22035   The Federal Reserve is no longer as it Saving Grace 11/12/20 11:20:34 AM
#22034   Bank of America is not a "Central Bank"! rawman 11/11/20 04:46:00 PM
#22033   Central Banks to go out of existence soon. Saving Grace 11/11/20 11:03:17 AM
#22032   I do not like B of A as JJ8 11/10/20 04:26:00 PM
#22031   Take the money and Run! Central Banks will Saving Grace 11/10/20 10:02:32 AM
#22030   * * $BAC Video Chart 11-09-2020 * * ClayTrader 11/09/20 05:28:30 PM
#22029   ENJOYED THE RIDE , Seya next time around t1215s 11/09/20 01:47:37 PM
#22028   Send this stock market down 20 - 30 Nivea67515 11/06/20 09:40:10 AM
#22027   Bank stocks going down after Biden is confirmed Nivea67515 11/06/20 09:32:46 AM
#22026   Feel like this is a good time to FullDisclosureEsq 11/05/20 08:38:58 PM
#22025   Here come the lockdowns! Lowjack 11/05/20 03:25:58 PM
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