Bank of America (BOA)

Bank of America, also known as BOA, located in Charlotte, North Carolina

Bank of America is a publicly traded company that offers investment banking, and financial services that is located in Charlotte, North Carolina.  Commonly referred to as BOA, it has locations in New York City, Dallas, London, Hong Kong and Toronto.

The banking empire was built through a series of mergers, and acquisitions, including Merrill Lynch for wealth management, and investment banking division known as Bank of America Merrill Lynch, which was created in 2008 and 2009.  The investment bank is considered the third largest investment bank in the world as of 2018.

The wealth management is responsible for the management of more than $1 trillion, which makes it the second larges wealth manager in the world after UBS.

The commercial banking division has more than 4,600 bank locations with more than 15,900 ATM machines.

The market capitalization of BOA is estimated at more than $300 billion, making it the 13th larges company in the world, 6th largest publicly traded company in the US, ranked 24th on the 2018 Fortune 500 based on revenue, accompanied by many other statistical data.

Having been the center of controversy, and investigations, BOA plays an important part of the business world through America and the entire world.  The bank was created from the economic recession that began in 2008 and continued throughout the Obama era, creating the idea of “too big to fail.”

Corporate headquarters is located at: 100 N Tryon St, Charlotte, NC 28202

References:

  1. Bank of America Website
  2. Wikipedia – Bank of America

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