Bank of America Corporation (BAC) News & Overview - Discounting Cash Flows
BAC
Bank of America Corporation
BAC (NYSE)

BAC's Business Model

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
Sector & Industry Financial Services / Banks - Diversified
Website https://www.bankofamerica.com
CEO (Chief Executive Officer) Brian Thomas Moynihan
Number of Employees
IPO date February 21, 1973

BAC Latest News

Contact
CountryUS
AddressBank of America Corporate Center
CityCharlotte
StateNC
Phone704 386 5681
Zip Code28255
Other Identifiers
CIK0000070858
ISINUS0605051046
CUSIP060505104
Open48.945
Previous Close48.71
Volume21.62 Mil.
Average Volume45.89 Mil.
Day’s Range48.81 – 49.305
52 Week Range33.07-49.31
MA (50)43.901
MA (200)43.4011
Market Cap368.5 Bil.
Shares Out.7.53 Bil.
Earnings DateJul 16, 2025
Beta
Last Dividend
EPS
PE

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