Bank of America (NYSE:BAC) (NYSE:BAC) is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.
Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice. Its wealth management operations serve individuals, families and institutions through Merrill and Bank of America Private Bank, while its corporate and investment banking operations provide advisory, capital-raising, financing, risk management and securities services.
Bank of America operates throughout the United States and serves clients internationally through its corporate, investment banking and wealth management activities. The company’s history includes the founding of the Bank of Italy in San Francisco by Amadeo Giannini in 1904 and the 1998 merger of NationsBank and BankAmerica, which created the modern Bank of America Corporation. Brian Moynihan has served as the company’s chief executive officer since 2010 and as chairman since 2014.
