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Bank of America Corp. (BAC)

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Last Post: 7/30/2021 3:15:46 PM - Followers: 429 - Board type: Free - Posts Today: 2


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

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BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05:04 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 04:53 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 03:42 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 02:37 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 02:36 PM
News News Alert: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 07/30/2021 05:04:55 PM
#22181   What is gonna happen here is the the Nivea67515 07/30/21 03:15:46 PM
#22180   Sell the bank stocks because interest rates will Nivea67515 07/30/21 01:36:07 PM
#22179   Your Business model is broken! Lowjack 07/20/21 04:43:16 PM
#22178   Dropping like crazy TRUSTUNITS1000000 07/19/21 10:40:21 AM
#22177   We seen the pump and now the dump! Saving Grace 07/16/21 12:30:57 PM
#22176   BAC goes below $37.50 look out below masterofdisaster 07/16/21 12:30:53 PM
#22175   May add some December $30 PUTS here. Roosters masterofdisaster 07/14/21 09:26:34 PM
#22174   CHARLOTTE, N.C., July 13, 2021--(BUSINESS WIRE)--Bank of America t1215s 07/14/21 06:25:10 AM
#22173   $BAC Total Debt (mrq) $542.46B no thanks SpotOnTrade 07/13/21 06:36:52 PM
#22172   Bank of America to pull lines of credit. tw0122 07/12/21 08:41:39 PM
#22171   Probably going to hit 43 this week before earnings addisontop904 07/11/21 08:28:59 PM
#22170   Yh I’m holding $28 puts as wel. Mrxstocks 07/08/21 10:28:09 AM
#22169   My $30 September puts will look real good masterofdisaster 07/08/21 10:27:38 AM
#22168   Go to 20$ Mrxstocks 07/08/21 09:40:28 AM
#22167   No June 3rd was the cutoff masterofdisaster 06/28/21 02:07:18 PM
#22166   I bought this sticker on 6/13 can someone kirk4 06/27/21 04:33:30 PM
#22165   Agreed this should top out soon. Then look masterofdisaster 06/25/21 07:15:39 AM
#22157   BAC might see $43-$45 after the "stress test Nebuchadnezzar 06/24/21 06:59:46 PM
#22156   Dropping from around $42, a while back few TRUSTUNITS1000000 06/22/21 10:46:36 AM
#22155   Bull trap today. Look out below. Just bought masterofdisaster 06/21/21 04:02:46 PM
#22154   MARKET COLLAPSE IS HERE!!!!!! DOW 13000!!!!! IT'S OVER!!!!! STOCKMONSTER 06/18/21 10:34:33 AM
#22153   My puts banking but I sold to rebuy Mrxstocks 06/17/21 04:27:00 PM
#22152   Lmfao this might be the dumbest post of Mr clean15 06/16/21 06:48:13 PM
#22151   My last buy at 41.07, I'm out of t1215s 06/16/21 09:36:53 AM
#22150   Getting a little bruised here being here lol t1215s 06/15/21 09:36:49 AM
#22149   Well it looks like I should have waited t1215s 06/14/21 12:16:11 PM
#22148   I believe its time for me to get t1215s 06/14/21 09:41:55 AM
#22147   Looking a lot like Bear Sterns around here. Saving Grace 06/11/21 12:21:20 PM
#22146   Short selling banks being sold-off. Short this pig Saving Grace 06/10/21 10:47:07 AM
#22145   I wonder if this is the high TRUSTUNITS1000000 06/10/21 10:36:50 AM
#22144   We can sell off banks like they do Saving Grace 06/10/21 10:30:34 AM
#22143   Since BAC lolly gags about covering CLF short Saving Grace 06/09/21 02:31:20 PM
#22141   Scam bank BAC to hold Chicago Marathon, LMAO! Saving Grace 06/04/21 03:46:55 PM
#22140   Ya just gotta luv this venting machine for t1215s 06/03/21 09:49:59 AM
#22139   Even more junk notes now offered by failing-banks. Saving Grace 06/03/21 09:23:17 AM
#22138   A nice little first of the month profit t1215s 06/01/21 09:34:33 AM
#22137   Hardly an issue. 90 mil short from an fromtheuk 05/31/21 05:52:13 PM
#22136   Profit was huge TRUSTUNITS1000000 05/29/21 01:09:12 PM
#22135   Short interest increased by 10,000,000 $BAC shorter target! Saving Grace 05/28/21 01:27:12 PM
#22134   $CS Rip Off Scam Bank Regulatory Issues scamming Saving Grace 05/28/21 10:03:31 AM
#22133   Yup, more worthless notes for sale spells BK Saving Grace 05/27/21 04:55:12 PM
#22132   hehehehe GOOOOOOOOOOO BAC Nice upward trend from yesterday t1215s 05/27/21 09:36:03 AM
#22131   $BAC is sucking sand and won't be able Saving Grace 05/26/21 02:05:54 PM
#22130   Pain is coming for BAC and all of Saving Grace 05/25/21 05:19:10 PM
#22129   $BAC short selling scams coming to an end. Saving Grace 05/25/21 10:23:22 AM
#22128   Agreed, West Central Banks will crash and be Saving Grace 05/20/21 12:09:14 PM
#22127   $BAC Bank of America will not allow senior Saving Grace 05/20/21 10:38:04 AM
#22126   Bank of America Customers Leaving Bank in Droves Saving Grace 05/20/21 10:22:57 AM
#22125   I SEE YOU DRANK THE KOOLAID!!!!!!!!!!!!!!!!!!!!!!! IT'S OVER!!!!! STOCKMONSTER 05/19/21 11:30:13 AM
#22124   It's shoring season for West Central Banks and Saving Grace 05/19/21 09:05:54 AM
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