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| Bank of America HQ, Charlotte |
Bank of America Corporation (NYSE: BAC) is the second largest bank holding company in the United States by assets and deposits after J.P.Morgan Chase. It operates through four business lines: Consumer Banking, Global Banking, Global Markets and Global Wealth and Investment Management (GWIM). GWIM include Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management. Bank of America generates approximately 90% of its revenues from the local market and continues to buy businesses in the United States. The core of BoA's strategy is to be the number one in its domestic market. The company provides unmatched convenience in the United States, serving about 46 million personal and small business customers through around 4,600 retail banking offices and 16,000 ATMs nationwide. The Bank's retail banking footprint covers 80% of the U.S. population. Internationally, the company has a presence in 35 countries throughout Europe, Africa & Middle East, North & Latin America and Asia Pacific region. As of March 31, 2017, Bank of America Corporation had $2.248 trillion in total assets, $1.272 trillion in total deposits, $906.2 billion in loans, $947 billion in assets under management and $1.106 trillion in brokerage assets.
Financial information:
| Total assets | $2.188 trillion (2016) |
| Revenue | $83.7 billion (2016) |
| Net Income | $17.9 billion (2016) |
| Total shareholders' equity | $267 billion (2016) |
| Market capitalization | $231 billion (May 26, 2017) |
| Company Size (FTEs) | 208,573 employees (Q1 2017) |
Credit Ratings:
| Long-term | Short-term | Outlook | |
| Standard & Poor’s | BBB+ | A-2 | Stable |
| Moody's | Baa1 | P-2 | Positive |
| Fitch | A | F1 | Stable |
Savings Account Rates:
| Interest rate | APY | |
| Regular Savings | 0.01% | 0.01% |
| UTMA/UGMA Custodial Savings Account | 0.01% | 0.01% |
Headquarters address:
100 North Tryon Street
Charlotte, NC 28202
United States
Phone number: 704-386-5681
Fax: 704-386-6699
Website: www.bankofamerica.com