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Bank of America Corporation is a publicly traded financial holding company that is listed on the New York Stock Exchange (NYSE) under the ticker symbol BAC. The company is one of the largest banking and financial services companies in the world, with operations in the United States, Canada, and other countries around the world.
Here are some key facts about Bank of America Corporation:
1. Headquarters: Bank of America Corporation is headquartered in Charlotte, North Carolina.
2. Size: Bank of America is one of the largest banks in the United States, with assets totaling over $2.3 trillion.
3. Revenue: In 2020, Bank of America reported record net income of $28.1 billion, an increase of 37% from 2019. The company generated revenue of $87.2 billion in 2020, up from $71 billion in 2019.
4. Earnings per share: Bank of America' Excluding items, earnings per share (EPS) for the fourth quarter of 2020 were $ $0.74 per share, compared to $0.44 per share in the same period a year ago.
5.Growth: Bank of America has a strong track record of growth through acquisitions and organic expansion. In recent years, the company has made significant investments in digital technologies to enhance its customer experience and drive growth.
6. Business segments: Bank of America operates through several business segments, including Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The Consumer Banking segment provides a wide range of financial services to individual consumers and small businesses, while the Global Wealth & Investment Management segment offers investment and wealth management services to high net worth and institutional clients. The Global Banking and Global Markets segments provide corporate and investment banking services to large corporations and institutions.
7. Leadership: Bank of America is led by CEO Brian Moynihan, who has been at the helm of the company since 2010.
8. Employees: As of 2020, Bank of America had approximately 208,000 employees worldwide.
Overall, Bank of America is a leading financial institution with a long history and a strong presence in the global financial markets. While the company has faced challenges in the past, it has proven resilient and continues to adapt to changing market conditions and customer needs.