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Bank of America Corporation (NYSE: BAC) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second-largest bank holding company in the United States by assets. Bank of America serves clients through 5,600 branches and 16,200 ATM's in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.
Bank of America Corporation (NYSE: BAC) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second-largest bank holding company in the United States by assets. Bank of America serves clients through 5,600 branches and 16,200 ATM's in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.
As of 2010, Bank of America is the fifth-largest
company in the United States by total revenue as well as the third-largest
non-oil company in the U.S. (after Walmart and General Electric). In 2010,
Forbes listed Bank of America as the 3rd biggest company in the world.
The bank's 2008 acquisition of Merrill Lynch made
Bank of America the world's largest wealth management corporation and a major
player in the investment banking market.
The company held 12.2% of all bank deposits in the
United States as of August 2009, and is one of the Big Four banks in the United
States, along with Citigroup, JPMorgan Chase and Wells Fargo—its main
competitors. Bank of America operates in
all 50 states of the U.S., the District of Columbia and more than 40 other
countries. It has a retail banking footprint that covers approximately 80
percent of the U.S. population and serves approximately 57 million consumer and
small business relationships at 5,600 banking centers and 16,200 ATMs
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