Bank of America (NYSE:BAC) (NYSE: BAC) is one of the world’s leading financial institutions, providing a comprehensive range of banking and financial products and services to individual consumers, small- and middle-market businesses, institutional investors, corporations and governments. With origins dating back to 1904 when Amadeo Giannini founded the Bank of Italy in San Francisco, the institution has grown through a series of mergers and acquisitions into a global banking powerhouse. Over the decades, it adopted the Bank of America name and expanded its offerings to encompass everything from retail banking to sophisticated capital markets operations.
The company’s principal business segments include Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets. In its Consumer Banking division, Bank of America delivers deposit, lending and investment products through a network of retail branches, ATMs and its digital banking platform. Its Global Wealth & Investment Management arm serves high-net-worth individuals and institutions with wealth planning, trust services and investment products. The Global Banking segment offers lending-related, advisory and other services to business clients, while Global Markets provides sales, trading and research capabilities across fixed income, equities and foreign exchange.
Headquartered in Charlotte, North Carolina, Bank of America primarily serves clients across the United States but maintains a significant international presence with operations and clients in Europe, Asia, Latin America and other key markets. Its digital channels—including mobile and online banking—complement a vast physical footprint, helping to support its mission of delivering simple, convenient and secure financial services to a diverse client base.
Under the leadership of Chairman and Chief Executive Officer Brian Moynihan, the bank emphasizes responsible growth, innovation and corporate citizenship. The company has prioritized environmental, social and governance initiatives, focusing on sustainable finance and community development programs. Its corporate culture stresses diversity and inclusion, with efforts aimed at fostering a supportive environment for employees and delivering value to shareholders, clients and the communities it serves.
