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Bank of America Corp. (BAC)

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Last Post: 10/16/2019 11:26:13 AM - Followers: 419 - Board type: Free - Posts Today: 6


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.

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

Current Price
Bid Ask Day's Range
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BAC News: Bank of America Announces Redemption of 2.151% Senior Notes, due November 2020 04:10 PM
BAC News: Bank of America veröffentlicht Finanzergebnisse für das dritte Quartal 2019 04:06 PM
BAC News: Bank of America déclare ses résultats financiers pour le troisième trimestre 2019 03:11 PM
BAC News: Bank of America Reports Third-Quarter 2019 Financial Results 06:49 AM
BAC News: Bank of America to Report Third-Quarter 2019 Financial Results on October 16 10/09/2019 09:00:00 AM
News News Alert: Bank of America Announces Redemption of 2.151% Senior Notes, due November 2020 10/16/2019 04:10:00 PM
#21604   11 1 29.50 put .30 restripe 10/16/19 11:26:13 AM
#21603   $BAC nails it on earnings, beats. la_trader 10/16/19 09:50:16 AM
#21602   do you have idea how much $$cash$$ BAC la_trader 10/16/19 09:16:09 AM
#21601   Wouldn't wanna be on the short side of this Bryan2000 10/16/19 07:48:27 AM
#21600   BAC continuing to embarrass the experts. BAC$$. Zues 10/16/19 07:23:36 AM
#21599   Yes maybe when the cost of the fine restripe 10/16/19 12:21:12 AM
#21598   Hopefully buffer has his eye on the legal HugeSeci 10/15/19 11:17:00 PM
#21597   Buffet wants more restripe 10/15/19 07:41:33 PM
#21596   BAC 30 break, let's see further price support. la_trader 10/15/19 01:50:50 PM
#21595   good upside considering (yet again) the 'oh-my-goodness-bad-trade-talks' news. la_trader 10/14/19 03:40:34 PM
#21594   The stock runs the same cycle Sell at restripe 10/14/19 01:37:16 PM
#21593   Suppression at its finest Bryan2000 10/14/19 01:25:26 PM
#21592   BAC nice moves upward. la_trader 10/11/19 11:39:33 AM
#21591   The post you did on.... it moves in Bryan2000 10/08/19 12:53:08 PM
#21590   LMFAO -2.5% drop on 16m vol? please... la_trader 10/08/19 10:44:51 AM
#21589   Imo there is a ball n chain option Bryan2000 10/07/19 11:46:04 AM
#21588   bulls all day, close HOD. la_trader 10/05/19 02:25:19 AM
#21587   Yeah and dropped it on a female Bryan2000 10/03/19 07:57:00 AM
#21586   Hilarious. the range is being played. la_trader 10/02/19 05:56:55 PM
#21585   .10 dropped and risen 10 times is $2 Bryan2000 10/02/19 02:04:04 PM
#21584   Wells Fargo kicked ass today Bryan2000 09/27/19 02:36:31 PM
#21583   BAC is making up some ground today. Need mckinley1 09/27/19 12:57:27 PM
#21582   Volume flow we can see suspect Bryan2000 09/27/19 12:26:59 PM
#21581   That drop is pump and dump velocity Bryan2000 09/27/19 11:45:06 AM
#21580   Dji shot right back up BAC stalling Bryan2000 09/27/19 10:52:26 AM
#21579   green algos today '-) la_trader 09/27/19 10:12:13 AM
#21578   Are you saying jdst / jnug uup etc. Bryan2000 09/27/19 09:48:59 AM
#21577   markets are run by HF trading algos. it la_trader 09/26/19 07:55:28 PM
#21576   Investors are saying that trumps stock market tyguy1505 09/26/19 06:53:30 PM
#21575   Pump and dump laugh out loud Bryan2000 09/26/19 11:23:50 AM
#21574   Nice.28 to .38 call Bryan2000 09/25/19 02:04:22 PM
#21573   .28 we will ride Bryan2000 09/25/19 12:33:29 PM
#21572   algos feelin bullish today. lol la_trader 09/25/19 11:28:52 AM
#21571   On all sides whatever they need.... Bryan2000 09/25/19 05:54:37 AM
#21570   typical short covering spike at bell. hilarious. la_trader 09/24/19 05:08:00 PM
#21569   lol down sharp on light relative vol. la_trader 09/24/19 12:43:16 PM
#21568   Needed that reversal Bryan2000 09/24/19 12:18:08 PM
#21567   Appreciate it:))))) Bryan2000 09/24/19 10:34:36 AM
#21566   read this for a start: https://www.interactivebrokers.com/en/index.php?f=596 la_trader 09/24/19 09:20:41 AM
#21565   Thanks...yeah I would say so...Google brings back zilch-You Bryan2000 09/24/19 06:04:02 AM
#21564   black are all of your hidden trades and la_trader 09/23/19 08:22:32 PM
#21563   9,000,000 in black . You may need to Bryan2000 09/23/19 08:17:20 PM
#21562   You have red green and black volume the Bryan2000 09/23/19 08:16:21 PM
#21561   there were likely many- just none that are la_trader 09/23/19 07:46:16 PM
#21560   Why the .56 .57 bid spread hold after Bryan2000 09/23/19 05:47:15 PM
#21559   they all over the map lol. i think la_trader 09/23/19 02:06:25 PM
#21558   Yeah they're just controlling order flow right now Bryan2000 09/23/19 11:35:48 AM
#21557   LOL - nope none at all ;-) la_trader 09/20/19 04:32:22 PM
#21556   Now she drops hard 5 minutes before close... Bryan2000 09/20/19 03:56:16 PM
#21555   Look at volume Bryan2000 09/16/19 02:17:59 PM