BAC Profile
Bank of America Corporation is a leading global financial services company, offering a wide range of banking and financial products to individuals, small and middle-market businesses, institutional investors, large corporations, and governments worldwide through its various subsidiaries.
The Consumer Banking segment provides traditional and money market savings accounts, certificates of deposit, IRAs, and both non-interest and interest-bearing checking accounts. It also offers investment products, credit and debit cards, residential mortgages, home equity loans, and direct and indirect loans such as automotive, recreational vehicle, and consumer personal loans.
The Global Wealth & Investment Management segment offers investment management, brokerage, banking, trust, and retirement products and services, along with wealth management solutions including specialty asset management for high net worth individuals and institutions. Additionally, the Global Banking segment provides commercial loans, leases, commitment facilities, trade finance, commercial real estate, and asset-based lending. It also offers treasury management, foreign exchange, short-term investing options, merchant services, working capital management solutions, and debt and equity underwriting and advisory services.
The Global Markets segment offers market-making, financing, securities clearing, settlement, custody services, and risk management products involving derivatives, foreign exchange, fixed-income, and mortgage-related products. It also provides research and analytical services to clients. Founded in 1784 and based in Charlotte, North Carolina, Bank of America continues to innovate and invest in technology and talent, driving growth and success for its customers and shareholders alike.
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