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Blue Chip Growth

Stock Report: Bank of America Corporation (BAC) Report Updated: Jul 25, 2016 | Print This Page

Bank of America Corporation© quotemedia

Company Profile

Bank of America Corporation operates as a bank holding company which through its subsidiaries, engages in Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Management; Global Banking; Global Markets; and other segments. Its Consumer and Business Banking segment offers a range of deposits and consumer lending services. The company’s deposit offerings include consumer deposits and business banking. Its consumer lending offerings include consumer and small business credit card, debit card, consumer auto lending, and other consumer lending. The company’s Consumer Real Estate Services segment offers a range of home loans and legacy assets and servicing services. Its home loans offering includes mortgage loan production and owned home equity loan portfolio. The company’s legacy assets and servicing offering includes mortgage loan servicing, owned legacy home equity loan portfolio, and legacy mortgage exposures. Its Global Wealth and Investment Management segment offers wealth management services. Its Global Banking segment offers investment banking, global corporate banking, and global commercial banking services. Its Global Markets segment offers fixed income markets and equity markets services. Its other segment includes asset and liability management, equity investments, international consumer card, liquidating businesses, and other services. The company caters to individual customers, institutional investors, corporations, and governments worldwide. Bank of America Corporation was formerly known as NationsBank Corporation and changed its name to Bank of America Corporation in September 1998. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.