Bank of America Corporation (NYSE: BAC)
Charlotte, NC 28255 (Map) Phone: 704-386-5681
Fax: 704-386-6699
http://www.bankofamerica.com
Overview
Welcome to the machine. One of the three largest banks in the US by assets (along with Citigroup and JPMorgan Chase), Bank of America boasts the country's most extensive branch network, with more than 6,100 locations covering some 30 states from coast to coast. Its core services include consumer and small business banking, credit cards, and asset management. In 2008 Bank of America arranged to pay some $50 billion in stock for Merrill Lynch, which has been crippled by the ongoing credit crisis. The acquisition of the once-mighty investment bank known as "The Bull," which has an extensive retail brokerage network, should beef up Bank of America's investment banking and brokerage business outside the US.
Sample Overview & HistoryKey Numbers from Hoover's UK
Key financials for Bank of America Corporation (NYSE: BAC)
| Company Type | Public (NYSE: BAC) |
|---|---|
| Fiscal Year-End | December |
| 2007 Sales (mil.) | £62,247.5 |
| 1-Year Sales Growth | 6.2% |
| 2007 Net Income (mil.) | £7,501.5 |
| 1-Year Net Income Growth | (29.1%) |
| 2007 Employees | 210,000 |
| 1-Year Employee Growth | 3.2% |
Key People from Hoover's UK
Key people and executives for Bank of America Corporation (NYSE: BAC)
| Chairman, President, and CEO | Kenneth D. (Ken) Lewis (Subscribers see complete biographies -- view sample)
Connect to this executive |
|---|---|
| CFO | Joe L. Price Connect to this executive |
| Chief Marketing Officer | Anne M. Finucane Connect to this executive |
Top Competitors from Hoover's UK
Top competitors of Bank of America Corporation (NYSE: BAC)
There are 16 competitors for Bank of America; see more.Industry Information from Hoover's UK
First Research Industry Profiles Extensive Industry Intelligence
Hoover's Industries
-
Banking
- Money Center Banks (primary)
Subsidiaries/Affiliates Covered By Hoover's UK
Subsidiaries/affiliates of Bank of America Corporation (NYSE: BAC)
- BA Merchant Services LLC
- Banc of America Investment Services, Inc.
- Banc of America Securities LLC
- Columbia Management Group, LLC
- Countrywide Financial Corporation
Rankings from Hoover's UK
See how Bank of America Corporation (NYSE: BAC) ranks in standard industry listings such as Fortune 500, S&P 500, and Dow Jones
- #9 in FORTUNE 500
- S&P 500
- Dow Jones Industrials
- Dow Jones Global Titans
- #23 in FT Global 500
