2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
6th January 2017, 10:42 AM
Super Moderator
 
Join Date: Aug 2012
Re: Bank of America Description

Bank of America is the second largest bank holding company in the United States by assets. As of 2016, Bank of America is the 26th largest company in the United States by total revenue.

In 2016, Forbes listed Bank of America as the eleventh largest company in the world. It is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.

Bank of America Board of directors
Susan Bies, former Governor of the Federal Reserve Board
William Boardman, former Chairman of Visa International Inc.
Frank P. Bramble Sr, former Executive Officer, MBNA Corporation
Virgis W. Colbert, , senior advisor, MillerCoors Company
Charles K. Gifford, former Chairman, Bank of America Corporation
Charles O. Holliday, Chairman, Bank of America Corporation, former Chairman and CEO of DuPont
D. Paul Jones, lawyer and former CEO of Compass Bancshares, a Birmingham, Alabama bank now part of Banco Bilbao Vizcaya Argentaria SA
Brian T. Moynihan, President and Chief Executive Officer, Bank of America Corporation
Monica C. Lozano, Publisher and Chief Executive Officer of La Opinión
Walter E. Massey, former Chairman, Bank of America Corporation, President Emeritus, Morehouse College
Mukesh Ambani, Director and Chairman, Reliance Industries
Thomas J. May, Chairman, President and Chief Executive Officer, NSTAR
Donald E. Powell, former Chairman of the Federal Deposit Insurance Corp.
Charles O. Rossotti, senior advisor, The Carlyle Group
Thomas M. Ryan, President and Chief Executive Officer, CVS Caremark Corporation
Robert W. Scully, former member, Office of the Chairman of Morgan Stanley

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)


Quick Reply
Your Username: Click here to log in

Message:
Options




All times are GMT +5. The time now is 07:30 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4