Company Overview

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

First banking house organized 1784; The manufactory house, -long acre (Tremont) street, where the Massechusetts Bank began business, July 5, 1784

The Massachusetts Bank opened for business following Governor John Hancock’s signing into law the country’s second-ever bank charter. Today the Massachusetts Bank stands as the oldest predecessor firm in our company’s rich legacy.

First banking house organized 1784; The manufactory house, -long acre (Tremont) street, where the Massechusetts Bank began business, July 5, 1784

The Massachusetts Bank opened for business following Governor John Hancock’s signing into law the country’s second-ever bank charter. Today the Massachusetts Bank stands as the oldest predecessor firm in our company’s rich legacy.

Bank of America Fast Facts

as of as of July 16, 2024

Overall

  • We operate across the US, its territories and more than 35 countries with approximately 212,000 employees.
  • We serve 69 million US consumer and small business clients.
  • Approximately 3,800 financial centers and 15,000 ATMs in the U.S.
  • We serve 4 million US small business clients, and are the No. 1 small business lender in the US (source FDIC).
  • We manage $4 trillion in client balances across our wealth management businesses.
  • We provide Global Markets services to approximately 8,000 clients globally in debt, equity, commodity and foreign exchange markets.
  • Named #1 global equity research provider in 2023 by Institutional Investor.
  • Ranked #3 in global investment banking fees. (source Dealogic)
  • We have relationships with 95% of the U.S. Fortune 1,000 companies.

Digital

  • We offer award-winning digital capabilities, with approximately 58 million digital users.
  • We constantly see strong client engagement across our digital platforms:
    • Erica, the most advanced and first widely available virtual financial assistant, has surpassed 2.1 billion client interactions since its 2018 launch; and has now helped over 42 million clients with their financial needs.
    • Record 22.6 million active Zelle users, up 11%, sent and received 382 million transactions worth $115 billion, both up 26% year over year, and surpassing combined check and cash transactions. 
    • Life Plan, a personalized digital experience to define and pursue financial goals, has been used by nearly 16 million clients since launching in 2020.
    • CashPro App, used by corporate and commercial clients, facilitated payments of $253 million in Q2, an increase of 41% year-over-year.

Bank of America Fast Facts

as of as of July 16, 2024

Overall

  • We operate across the US, its territories and more than 35 countries with approximately 212,000 employees.
  • We serve 69 million US consumer and small business clients.
  • Approximately 3,800 financial centers and 15,000 ATMs in the U.S.
  • We serve 4 million US small business clients, and are the No. 1 small business lender in the US (source FDIC).
  • We manage $4 trillion in client balances across our wealth management businesses.
  • We provide Global Markets services to approximately 8,000 clients globally in debt, equity, commodity and foreign exchange markets.
  • Named #1 global equity research provider in 2023 by Institutional Investor.
  • Ranked #3 in global investment banking fees. (source Dealogic)
  • We have relationships with 95% of the U.S. Fortune 1,000 companies.

Digital

  • We offer award-winning digital capabilities, with approximately 58 million digital users.
  • We constantly see strong client engagement across our digital platforms:
    • Erica, the most advanced and first widely available virtual financial assistant, has surpassed 2.1 billion client interactions since its 2018 launch; and has now helped over 42 million clients with their financial needs.
    • Record 22.6 million active Zelle users, up 11%, sent and received 382 million transactions worth $115 billion, both up 26% year over year, and surpassing combined check and cash transactions. 
    • Life Plan, a personalized digital experience to define and pursue financial goals, has been used by nearly 16 million clients since launching in 2020.
    • CashPro App, used by corporate and commercial clients, facilitated payments of $253 million in Q2, an increase of 41% year-over-year.

Our lines of business

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