Bank Of America Net Worth is$105.2 B
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deserves the money?
Rating: 3.7/5 (6 votes cast)
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Rating: 3.8/5 (5 votes cast)
Type: Public
Traded As: BAC, S&P 500''
Predecessor: #Merger of NationsBank and BankAmerica, NationsBank
Industry: Banking, Financial services
Foundation: 1998 (1904 as Bank of Italy)[http://www.britannica.com/EBchecked/topic/51984/Bank-of-America-Corporation "Bank of America Corporation"]. ''Encyclopædia Britannica''. Retrieved October 21, 2011.''
Location City: Bank of America Corporate Center, Charlotte, North Carolina
Location Country: U.S.
Key People: Charles O. Holliday, (President & CEO)
Area Served: Worldwide
Products: Credit cards, Retail banking, Commercial bank, Financial services, investment banking, mortgage loans, private banking, private equity, wealth management
Revenue: url
Operating Income: 0-230 million (2011) Net Income: 01.446 billion (2011) Assets: {{Decrease US$ 02.129 trillion (2011) Equity: {{Increase US$ 230.10 billion (2011) Num Employees: 272,600 (2011)http://services.corporate-ir.net/SEC.Enhanced/SecCapsule.aspx?c
Divisions: Bank of America Home Loans, Bank of America Merrill Lynch
Subsid: Merrill Lynch, U.S. Trust Corporation
Homepage: https://www.bankofamerica.com//BankofAmerica.com
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

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Posted: July 19, 2018, 8:33 am
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