Bank Of America Net Worth is$105.2 B
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deserves the money?
Rating: 2.3/5 (3 votes cast)
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Rating: 1.0/5 (1 vote cast)
Type: Public

Traded As: BAC, S&P 500''

Predecessor: #Merger of NationsBank and BankAmerica, NationsBank

Industry: Banking, Financial services

Foundation: 1998 (1904 as Bank of Italy)[ "Bank of America Corporation"]. ''Encyclopædia Britannica''. Retrieved October 21, 2011.''

Location City: Bank of America Corporate Center, Charlotte, North Carolina

Location Country: U.S.

Key People: Charles O. Holliday, (President & CEO)

Area Served: Worldwide

Products: Credit cards, Retail banking, Commercial bank, Financial services, investment banking, mortgage loans, private banking, private equity, wealth management

Revenue: url

Operating Income: 0-230 million (2011)
Net Income: 01.446 billion (2011)
Assets: {{Decrease US$ 02.129 trillion (2011)
Equity: {{Increase US$ 230.10 billion (2011)
Num Employees: 272,600 (2011)

Divisions: Bank of America Home Loans, Bank of America Merrill Lynch

Subsid: Merrill Lynch, U.S. Trust Corporation


Footnotes: Key people: last

Coordinates: 35A?13a??36.41a??N 80A?50a??33.57a??Ei>>? / i>>?35.2267806A?N 80.8426583A?Ei>>? / 35.2267806; 80.8426583
Bank of America Corporation (NYSE: BAC) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the largest bank holding company in the United States by assets. As of 2010, Bank of America is the fifth-largest company in the United States by total revenue, as well as the third-largest non-oil company in the U.S. (after Walmart and General Electric). In 2010, Forbes listed Bank of America as the 3rd biggest company in the world.
The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth management corporation and a major player in the investment banking market.
The company held 12.2% of all bank deposits in the United States as of August 2009, and is one of the Big Four banks in the United States, along with Citigroup, JPMorgan Chase and Wells Fargoa??its main competitors. Bank of America operates in all 50 states of the U.S., the District of Columbia and more than 40 other countries. It has a retail banking footprint that covers approximately 80 percent of the U.S. population and serves approximately 57 million consumer and small business relationships at 5,600 banking centers and 16,200 ATMs.
The history of Bank of America dates back to 1904, when Amadeo Giannini founded the Bank of Italy in San Francisco in an effort to cater to immigrants denied service by other banks. Giannini was raised by his mother and stepfather Lorenzo Scatena, as his father was shot while trying to collect on a $10.00 debt.[citation needed] When the 1906 San Francisco earthquake struck, Giannini was able to scavenge all deposits out of the bank building and away from the fires. Because San Francisco's banks were in smoldering ruins and unable to open their vaults, Giannini was able to use the rescued funds to commence lending within a few days of the disaster. Fro

Bank Of America Net Worth, 2.3 out of 5 based on 3 ratings

Bank Of America Latest News

TD Ameritrade Following Bank of America With Facebook Chatbot

Financial chatbots are all the rage these days. TD Ameritrade Holding Corp. is the latest in a string of firms seeking to make it possible for customers and prospective clients to ask a robot their most burning financial questions. In a partnership with ...
Posted: August 21, 2017, 9:01 pm

Next Resistance Level for Bank Of America (BAC) is $23.89

Shares of Bank Of America (NYSE:BAC) opened today above their pivot of $23.39 and have already reached the first level of resistance at $23.63. Should the shares continue to rise, the resistance pivots of $23.89 and $24.39 will be of interest. Over the ...
Posted: August 22, 2017, 7:51 am

Can Bank of America Corp (BAC) Stock Get Out of This Rut?

At the start of the year, Bank of America Corp (NYSE:BAC) was riding a wave of optimism, as shares had run ahead by almost 45% since early October, fueled by a presidential result that likely meant less regulation in the financial industry. But the ...
Posted: August 20, 2017, 1:36 am

Lululemon to surge 20% due to Nike, Under Armour stumbles, Bank of America predicts

Bank of America Merrill Lynch raised its rating on Lululemon shares to buy from underperform on Monday, saying the company is taking sales away from Nike and Under Armour. Lululemon's shares have underperformed the market this year with the stock down 10.6 ...
Posted: August 21, 2017, 9:45 am

The Biggest Funds Focused on GE, Bank of America, and Snap In Q2: 13F Filings

More on Hedge Funds Soros Bet Big on Altaba Last Quarter, According to 13F What Stocks Starboard Billionaire Ken Griffin Dumped in Q2:13F The Biggest Funds Focused on GE, Bank of America, and Snap In Q2: 13F Filings Buffett's 13F Reveals His Top Choice ...
Posted: August 21, 2017, 2:40 am
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