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 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 early 2009 Bank of America paid some $29.1 billion in stock for Merrill Lynch, which was 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, beefs up Bank of America's wealth management, investment banking, and international business.
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 |
| 2008 Sales (mil.) | £50,263.2 |
| 1-Year Sales Growth | 9.7% |
| 2008 Net Income (mil.) | £2,767.9 |
| 1-Year Net Income Growth | (72.9%) |
| 2008 Employees | 243,000 |
| 1-Year Employee Growth | 15.7% |
Key People from Hoover's UK
Key people and executives for Bank of America Corporation (NYSE: BAC)
| Chairman | Walter E. Massey (Subscribers see complete biographies -- view sample)
Connect to this executive |
|---|---|
| President, CEO, and Director | Kenneth D. (Ken) Lewis Connect to this executive |
| CFO | Joe L. Price Connect to this executive |
Top Competitors from Hoover's UK
Top competitors of Bank of America Corporation (NYSE: BAC)
There are 20 competitors for Bank of America; see more.Significant Developments
View company events at Bank of America Corporation (NYSE: BAC) such as IPOs, bankruptcies, or executive changes
| Event | Details |
|---|---|
| Top Executive Change | Subscribers get full details -- view a sample |
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)
- Balboa Insurance Group, Inc.
- Banc of America Investment Services, Inc.
- Banc of America Merchant Services, LLC
- Banc of America Securities LLC
- Columbia Management Group, LLC
- Finacity 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
- #11 in FORTUNE 500
- S&P 500
- Dow Jones Industrials
- Dow Jones Global Titans
- #83 in FT Global 500
