QE3 Bank Of America

What do you mean by QE3 in Bank Of America reference , will you plz tell me about it , as my one of the friend asking me about it ??

[sumit]

Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.

As you asking I am telling Quantitative easing (QE) is a monetary policy used by central banks to stimulate the economy. It is usually used when standard monetary policy has become ineffective.A third round of quantitative easing, "QE3", was announced on 13 September 2012:

Bank profile :

Type Public
Traded as NYSE: BAC
S&P 100 Component
S&P 500 Component
Industry Banking, Financial services
Predecessor Bank America
NationsBank
Founded October 17, 1904; 112 years ago (as Bank of Italy)
February 1930; 86 years ago (as Bank of America)
1998; 18 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina, United States
Area served Worldwide
Key people Brian T. Moynihan
Chairman & CEO
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,
Revenue US$82.50 billion (2015)
Operating income US$21.89 billion (2015)
Net income US$15.89 billion (2015)
Total assets US$2.185 trillion (2016)
Total equity US$256.2 billion (2015)
Number of employees 210,516 (2016)
Divisions Bank of America Home Loans, Bank of America Merrill Lynch
Subsidiaries Merrill Lynch
U.S. Trust
Capital ratio 10.2% (2015)
Rating Long Term Senior
Moody's: Baa1 (10/2016)
S&P: BBB+ (10/2016)
Fitch: A (10/2016)