Bank of America Corporation

Bank of America Corporation is one of the largest financial institutions in the world, providing banking and financial products and services to individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments. Its Consumer Banking segment offers a wide range of traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products. It also provides credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.

The company’s Global Wealth & Investment Management segment provides investment management, brokerage, banking, and trust and retirement products and services, as well as wealth management solutions and customized solutions, including specialty asset management services. Its Global Banking segment offers lending products and services, such as commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending. It also provides treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services, as well as working capital management solutions, debt and equity underwriting and distribution, and merger-related and other advisory services.

The company’s Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, Bank of America Corporation served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users.

The company was founded in 1784 and is based in Charlotte, North Carolina. It is a member of the S&P 500 and Dow Jones Industrial Average, and is ranked 18th on the Fortune 500 list of the largest United States corporations by total revenue. Bank of America Corporation is a global leader in banking and financial services, with operations in more than 35 countries and territories and more than 200 million customers worldwide. It has more than $2.3 trillion in assets and is one of the world’s largest wealth managers, with more than $1.4 trillion in deposits and $1.7 trillion in total client balances.