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Bank of America Corp. (BAC)

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Last Post: 5/21/2022 8:38:06 PM - Followers: 436 - 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.

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) 05/27/2022 02:02:14 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/27/2022 01:40:19 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/27/2022 01:29:40 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/27/2022 01:26:16 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 05/27/2022 01:25:15 PM
#22353   No bail outs, Govt. letting short sellers crash Saving Grace 05/21/22 08:38:06 PM
#22352   First mistake is listening to the talking heads Stockemup371 05/16/22 01:42:52 PM
#22351   restripe; Me personally I ammmmmm buying the shettttt t1215s 05/12/22 06:24:04 PM
#22350   looks like bounce time coming restripe 05/12/22 02:43:10 PM
#22349   https://youtu.be/nzGqNUbf84g JCT777 05/12/22 01:58:04 PM
#22348   I guess because inflation is higher. That said, fromtheuk 05/12/22 08:10:07 AM
#22346   Why are the banks not going up in fr8 05/11/22 09:36:32 PM
#22345   Garbage notes came out with no backing/insurance, Junk! Saving Grace 05/06/22 05:51:11 PM
#22344   Nice runs TRUSTUNITS1000000 05/06/22 09:06:52 AM
#22343   "It's settled law" temp luvs amy 05/05/22 03:37:29 PM
#22342   Hmmm? As I have said when blue chips t1215s 05/04/22 10:01:59 AM
#22341   Hmmm? As I have said when blue chips t1215s 05/04/22 10:01:53 AM
#22340   Low I'm glad ur not! a computer illiterate, t1215s 05/02/22 04:38:46 PM
#22339   https://media2.giphy.com/media/I4Jmrcjnr8Zfq/giphy.gif Lowjack 04/27/22 02:07:37 AM
#22338   Low Great go ahead and short it t1215s 04/20/22 06:40:21 AM
#22337   Are earnings out? Then good to get back Lowjack 04/19/22 05:51:20 PM
#22336   restripe, Some dont get it ! there's always t1215s 04/19/22 03:28:00 PM
#22335   Low UUUUUUUUUUU gotta do better lol t1215s 04/19/22 03:26:44 PM
#22334   Grabbed a weekly 40 Call .28 restripe 04/07/22 09:39:59 AM
#22333   Upgraded means sell right! Lowjack 04/01/22 09:35:35 PM
#22332   Well it just means that I will t1215s 04/01/22 10:11:40 AM
#22331   Bank stock trade has been a bust !! Nivea67515 03/31/22 12:33:48 PM
#22330   Low on Jack Hehehehe lonely life huh? it's t1215s 03/22/22 05:13:49 PM
#22329   Better figure out what you are going to Lowjack 03/22/22 03:02:54 PM
#22328   Nice on the sidelines right now back to restripe 03/22/22 09:27:59 AM
#22327   Hey restripe->> Bank of America Whale Trades Spotted t1215s 03/21/22 05:46:52 PM
#22325   restripe Correct as I said the other day t1215s 03/09/22 11:19:35 AM
#22324   Blue goes to green restripe 03/09/22 10:01:06 AM
#22323   hehehe t1215s 03/07/22 03:34:32 PM
#22322   Niv , Let me say I'm happy you t1215s 03/07/22 03:30:31 PM
#22321   This is at the same price it was Nivea67515 03/07/22 11:32:25 AM
#22320   Thanks a lot HOOD is up BIG today Nivea67515 03/07/22 09:58:53 AM
#22319   Nope but BAC is not alone in this t1215s 03/04/22 01:33:14 PM
#22318   Anybody know the reason for the big after rynlrt 03/03/22 11:46:56 PM
#22317   Nivea, I was flash reading yesterday and busy t1215s 02/25/22 08:34:08 AM
#22316   Nivea, Oh wowwww never hold back stocks wowww t1215s 02/24/22 04:36:02 PM
#22315   Bank stocks getting hammered!! This is why you Nivea67515 02/24/22 01:45:29 PM
#22314   The rotation already happened now the market is Nivea67515 02/23/22 04:42:21 PM
#22313   The bank stock trade is dead. Back in Nivea67515 02/23/22 04:39:03 PM
#22312   t1215s yes that is the good thing about restripe 02/19/22 09:32:52 AM
#22311   WELL -> t1215s 02/18/22 11:39:40 AM
#22310   Well it looks like I will have to t1215s 02/15/22 12:54:30 PM
#22309   Good morning, Looks like a good bounce for t1215s 02/15/22 05:54:36 AM
#22308   Im playing again at these prices for sure t1215s 02/14/22 11:42:23 AM
#22307   Fed rate rise on Monday ? fromtheuk 02/13/22 04:48:50 AM
#22306   I took a little at the bottom just t1215s 02/10/22 02:01:47 PM
#22305   T1215s Yes. At this point I am just restripe 02/10/22 09:35:07 AM
#22304   restripe It looks like it might have touched t1215s 02/10/22 09:33:46 AM
#22303   T1215s Thank you I have my hand on restripe 02/10/22 09:31:28 AM
#22302   restripe It is possible for a quick retreat t1215s 02/10/22 09:30:11 AM
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