Bank of America
The Bank of America Corporate Center in Charlotte, North Carolina, serves as the corporate headquarters for this global American investment bank and financial services holding corporation. Investment banking and ancillary operations are located in Manhattan. San Francisco, California, is where the bank was established.
After JPMorgan Chase, it is the second-largest bank in the United States and, according to market value, the second-largest bank worldwide. One of the Big Four U.S. financial organizations is Bank of America. It competes directly with JPMorgan Chase, Citigroup, and Wells Fargo for roughly 10.73% of all bank deposits in the United States. Commercial banking, wealth management, and investment banking are its three main financial services.
Bank of America's market value was $229.33 billion as of March 2023. By market cap, this places Bank of America as the 38th most valuable firm in the world. The most recent financial reports from Bank of America indicate that the company's current revenue (TTM) is $94.95 billion. The corporation generated $89.11 billion in revenue in 2021, an increase from $85.52 billion in revenue in 2020.
Founded:
- 1998 (via the merger of BankAmerica & NationsBank)
- 1956 (as BankAmerica)
- 1784 (as its predecessor, the Massachusetts Bank, through the merger with FleetBoston in 1999)
Headquarters: Bank of America Corporate CenterCharlotte, North Carolina, U.S.
Website: bankofamerica.com
