Brian T. Moynihan, CEO
Brian T. Moynihan, Pres.
Bruce R. Thompson, CFO
Anne Finucane, Chief Mktg. Officer
Andrea B. Smith, Exec. VP-Global Human Resources
Patrick Gorman, Chief Info. Security Officer
Catherine P. Bessant, Exec. VP-Tech.
Gary G. Lynch, Chief Legal Officer
Catherine P. Bessant, Exec. VP-Oper.
Anne Finucane, Chief Strategy Officer
Neil A. Cotty, Chief Acct. Officer
Thomas K. Montag, Co-COO
Barbara Desoer, Pres., Home Loans
Terry P. Laughlin, Chief Risk Officer
Christine Katziff, Corp. Gen. Auditor
David C. Darnell, Co-COO
Charles O. Holliday, Jr., Chmn.
Mark Rosen, Head-Latin America Investment Banking, ex. Brazil
Phone:
704-386-8486
Fax:
704-386-6699
Toll-Free:
800-432-1000
Address:
100 N. Tryon St., 18th Fl.
Charlotte, NC 28255 US
GROWTH PLANS/SPECIAL FEATURES
Bank of America Corp. is a global provider of a diversified range of banking and financial services. The company operates through six business segments: Deposits, which accounted for 12% of its 2010 revenue; Global Card Services, 23%; Home Loans & Insurance, 9%; Global Commercial Banking, 10%; Global Banking & Markets (GBAM), 26%; and Global Wealth & Investment Management (GWIM), 15% (the remaining 5% was generated by other miscellaneous activities). The Deposits segment provides consumer and small business banking services such as checking and savings accounts, CDs and IRAs, as well as student loan activities. The company serves approximately 58 million U.S. customers through 5,700 banking centers and over 17,800 ATMs. Bank of America’s Global Card Services provides a broad offering of products, including U.S. consumer and business credit cards, consumer lending and international credit and debit cards to consumers and small businesses in Canada, Ireland, the U.K. and Spain. The Home Loans & Insurance division, the result of the acquisition of Countrywide Financial Corp., offers an extensive line of consumer real estate products and services. Global Commercial Banking provides a range of lending-related services to corporate clients, middle-market banks, commercial real estate firms and governments. GBAM services institutional investor clients with investment and advisory services. The GWIM division provides investment and brokerage services to high wealth clients through three businesses: Merrill Lynch Global Wealth Management; U.S. Trust, Bank of America Private Wealth Management; and Retirement Services. In August 2011, in a sign of support for Bank of America, Warren Buffet’s Berkshire Hathaway invested $5 billion in the company. Also in August, the firm committed to selling its international credit card businesses. In October 2011, it sold its Balboa Life Insurance Company subsidiary to Securian Financial Group, Inc. Employee benefits include educational partnerships, health care and dependent care flexible spending accounts.
FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full
amount. Yr. 2010 note: Fiscal 2010 results were not available for all companies
at press time.
- 2010 Sales: $134,194,000
- 2009 Sales: $150,450,000
- 2008 Sales: $124,132,000
- 2007 Sales: $124,321,000
- 2006 Sales: $117,017,000
- 2010 Profits: ($3,595,000)
- 2009 Profits: $6,276,000
- 2008 Profits: $4,008,000
- 2007 Profits: $14,982,000
- 2006 Profits: $21,133,000
Stock Ticker: BAC
Employees: 288000
Fiscal Year Ends: 12/31