Bank of America (NYSE:BAC) (NYSE:BAC) is a diversified financial services company serving individual consumers, businesses, institutional investors and governments. Its operations include consumer banking, credit and debit cards, mortgages, small-business banking, commercial banking, investment banking, securities trading and investment management.
The company provides consumer and wealth-management services through Bank of America and Merrill, including deposit accounts, lending, brokerage, retirement planning, financial advice and private banking. Its Global Banking business offers lending, treasury management and other financial solutions to businesses, while Global Markets provides sales, trading, research and investment-banking services to institutional clients.
Bank of America traces its history to Bank of Italy, founded in San Francisco in 1904. The modern company was formed through the 1998 merger of NationsBank and BankAmerica and expanded its wealth-management and capital-markets businesses through the acquisition of Merrill Lynch in 2009.
Headquartered in Charlotte, North Carolina, Bank of America primarily serves customers across the United States and maintains international operations to support multinational corporations, institutional investors and other clients. Brian Moynihan serves as the company’s chairman and chief executive officer.
