Bank of America

Extracted Attributes

• Founder

  Amadeo Pietro Giannini

• Employees

  204,000

• Headquarters

  Charlotte, North Carolina, United States

• Total Revenue

  $102.98 billion (as of June 2018)

• Banking Centers

  4,600

• Fortune 500 Rank

  25 (2020)

• Market Capitalization

  $313.5 billion (as of August 2018)

• Assets Under Management

  $1.08 trillion (Wealth Management unit, 2018)

• Forbes Global 2000 Rank

  6 (2023)

• Automated Teller Machines (ATMs)

  16,000

• Consumer and Small-Business Relationships

  46 million

Timeline

• Massachusetts Bank is chartered, representing the oldest branch of the Bank of America franchise. (Source: Wikipedia)

  1784-01-01

• Amadeo Pietro Giannini founds the Bank of Italy in San Francisco to serve Italian immigrants. (Source: Wikipedia)

  1904-01-01

• Giannini acquires Banca d'America e d'Italia. (Source: Wikipedia)

  1922-01-01

• NationsBank acquires BankAmerica for $62 billion to form the modern Bank of America Corporation. (Source: Wikipedia)

  1998-01-01

• Bank of America establishes Merrill Lynch as its wealth management arm. (Source: Wikipedia)

  2008-01-01

• Bank of America Merrill Lynch is established for investment banking services. (Source: Wikipedia)

  2009-01-01

• Bank of America reaches a market capitalization of $313.5 billion, ranking as the 13th largest company globally. (Source: Wikipedia)

  2018-08-01

• Bank of America is ranked 6th on the Forbes Global 2000 list. (Source: Wikipedia)

  2023-01-01

• Economic analysts discuss risks to Bank of America regarding unrealized losses and commercial real estate debt distress. (Source: Document baf6f114-a6bb-4257-aa72-b784d2e7eade)

  2024-10-30

• Bank of America commits $10 million in capital for residents and small businesses impacted by L.A. wildfires. (Source: Web Search Result (Newsroom))

  2025-12-17

Bank of America

The Bank of America Corporation (Bank of America; often abbreviated BAC or BofA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States, and one of eight systemically important financial institutions in the United States. It serves about 10 percent of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. Through mergers, the oldest branch of the Bank of America franchise dates back to 1784, when Massachusetts Bank was chartered, becoming the first federally chartered joint-stock-owned bank in the United States. Another branch of its history goes back to the American-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking services to Italian immigrants who faced service discrimination at the time. Headquartered in San Francisco, California, Giannini acquired Banca d'America e d'Italia in 1922 and eventually did business as Bank of America. In the 1950s, the passage of landmark federal banking legislation facilitated rapid growth, quickly establishing prominent shares for the present bank's predecessors. After suffering significant losses during the 1998 Russian financial crisis, BankAmerica, as it was then known, was acquired by the Charlotte-based NationsBank for $62 billion. Following what was then the largest bank acquisition in history, the Bank of America Corporation was founded. Through a series of mergers and acquisitions, it built upon its commercial banking business by establishing Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking in 2008 and 2009, respectively, and since renamed BofA Securities. Both Bank of America and Merrill Lynch Wealth Management retain large market shares in their respective offerings. As of 2018, the investment bank was considered within the "bulge bracket" as the world's third-largest investment bank. Its wealth management unit manages $1.08 trillion in assets under management (AUM) as the second-largest wealth manager in the world, after UBS. In commercial banking, Bank of America has operations, but does not necessarily maintain retail branches in all 50 states of the United States, Washington, D.C., and over 40 other countries. Its commercial banking footprint encapsulates 46 million consumer and small-business relationships at 4,600 banking centers and 16,000 automated teller machines (ATMs). The bank's large market share, business activities, and economic impact have led to numerous lawsuits and investigations regarding both mortgages and financial disclosures dating back to the 2008 financial crisis. Its corporate practices of servicing the middle class and wider banking community have yielded a substantial market share since the early 20th century. As of August 2018, Bank of America has a $313.5 billion market capitalization, making it the 13th largest company in the world. As the sixth-largest American public company, it garnered $102.98 billion in sales as of June 2018. Bank of America was ranked No. 25 on the 2020 Fortune 500 rankings of the largest US corporations by total revenue. Likewise, Bank of America was also ranked No. 6 on Forbes' 2023 Global 2000 rankings. Bank of America was named the "World's Best Bank" by Euromoney Institutional Investor in its 2018 Awards for Excellence.

Web Search Results

• Investor Relations | Bank of America Corporation (BAC)

  "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC Navigate away from Bankofamerica.com modal dialog, and, in other jurisdictions, [...] Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. These materials are for informational purposes only. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. When you visit these sites, you are agreeing to all of their terms of use, including [...] Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC Navigate away from Bankofamerica.com modal dialog and a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), a licensed insurance agency and wholly-owned subsidiary of BofA Corp.

• Press Releases | Newsroom | Bank of America

  "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States,BofA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, both of which are registered broker-dealers and Members ofSIPC, and, in other jurisdictions, by locally registered entities.BofA Securities, Inc. is registered as a futures commission [...] Page 1 | All Categories - All Years | Press Releases | Newsroom | Bank of America Skip to main content Image 1: Bank of America logo.jpg/_jcr_content/renditions/original) Main menu Newsroom Image 2: Share to Facebook - Opens a new tab or window Image 3: Share to X - Opens a new tab or window Image 4: Share to Linked in - Opens a new tab or window Image 5: Send Email Image 6: Share to Facebook - Opens a new tab or window Image 7: Share to X - Opens a new tab or window Image 8: Share to Linked in - Opens a new tab or window Image 9: Send Email Search Company overview Awards & recognition BofA fast facts Executive biographies Prime rate Press releases Journalist resources [...] Press releases Journalist resources Bank of America Institute Media contacts Media content library Report center BofA Fast Facts About Us Our company Making an impact Working here Investors Bank of America Personal Small business Wealth management Business & institutions Security Skip to main content Personal Small business Wealth management Business & institutions Security Image 10: Bank of America logo.jpg/_jcr_content/renditions/original) Our company Making an impact Working here Investors Newsroom Company overview Awards & recognition BofA fast facts Executive biographies Prime rate

• Bank of America

  ## Overview Bank of America is one of the world's largest financial institutions, serving individuals, 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 serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading. This LinkedIn company page is moderated. For more information, please visit: For account issues, please visit: ### Website ### Crunchbase ### LinkedIn ### Industry Banking [...] the many reasons why Marie P. believes Bank of America is a #GreatPlacetoWork See how we’re helping our teammates and communities thrive. [Likes: 506, Comments: 23]; Bank of America (2d): The numbers are in: thanks to the thousands of passionate runners, charity partners, and supporters that were a part of the 2025 Bank of America Chicago Marathon, a record-setting $47.1 million was raised to benefit nonprofits around the world. The Chicago Marathon has always been about more than the 26.2 miles — it’s about our community showing up for each other and turning miles into meaningful impact. This year, our community truly went above and beyond, breaking last year’s fundraising total by $11 million. And the impact doesn’t stop, as more than 200,000 runners have applied for a chance to run [...] Bank of America (5h): Daniel Boateng a University of Notre Dame student founded Changing Lives GH with cofounders Liam Egan and Cleveland Sellers, IV to provide opportunities for youths through soccer, education and community engagement. Watch the video to see how Raul A. Anaya and Bank of America team up to support their mission. [Likes: 38, Comments: 1]; Bank of America (7h): We need great leaders to drive our work forward, at every level and across every line of business. Through professional development, training, mentorship and more, we’re creating opportunities for the next generation to reach their full potential and have long term fulfilling careers with us. Thank you to TIME and Statista for naming us among the Best Companies for Future Leaders. This recognition reflects our

• Home | Newsroom | Bank of America

  Search Company overview Awards & recognition BofA fast facts Executive biographies Prime rate Press releases Journalist resources Bank of America Institute Media contacts Media content library Report center BofA Fast Facts About Us Our company Making an impact Working here Investors Bank of America Personal Small business Wealth management Business & institutions Security Newsroom # Bank of America Newsroom ## BofA Fast Facts December 22, 2025 at 9:00 AM Eastern ## BofA Commits $10 Million in Capital for Residents and Small Businesses Impacted by L.A. Wildfires December 17, 2025 at 12:00 PM Eastern ## BofA Names Sherri Anderson President of Inland Empire December 16, 2025 at 4:15 PM Eastern [...] December 16, 2025 at 4:15 PM Eastern ## Bank of America Declares Preferred Stock Dividends Payable in January and February 2026 More Press Releases Get Bank of America news updates, including dividend announcements and other important information to your inbox. Subscribe ## Journalist resources Awards & recognition Bank of America Institute Executive biographies Media contacts Media content library Prime rate ## What would you like the power to do? Tell us about your experience Contact Us Help Center

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  The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation. Merrill Lynch Life Agency Inc. ("MLLA") is a licensed insurance agency and wholly owned subsidiary of BofA Corp. [...] Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. Both are wholly owned subsidiaries of BofA Corp. Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. MAP8669316 Expand all panels Information for Corporations & Institutions Job Seekers Media & Journalists Shareholders Discover Merrill Form CRS & Other Resources About Us Working With Us Our Solutions Merrill Social Media Research & Insights ### Information for Corporations & Institutions Job Seekers Media & Journalists Shareholders ### Discover Merrill Form CRS & Other Resources About Us Working With Us Our Solutions [...] Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC)and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp.").

• Award

  The Center's Honorarium Honorees

• Image

  

• Country

  United States

• Founder

  Amadeo Giannini

• Employees

  204,000

• Instance Of

  Q22687

• Headquarters

  Charlotte

• Inception Date

  1/1/1998