BAC-PL - Bank of America - Stock Price & Dividends

Bank of America Corporation operates as a multinational banking and financial services corporation that offers a wide range of financial products and services to individuals, small businesses, middle-market businesses, institutional investors, large corporations, and governments globally.

Through its Consumer Banking segment, Bank of America provides traditional banking products and services, including checking accounts, savings accounts, credit and debit cards, residential mortgages, home equity loans, and direct and indirect loans. The segment aims to help consumers manage their daily financial lives, including paying bills, making purchases, and borrowing money to meet their needs.

The Global Wealth & Investment Management (GWIM) segment offers a variety of investment management, brokerage, banking, and trust and retirement products and services, catering to individual investors and institutions. The segment's wealth management solutions aim to help clients manage their assets and achieve their long-term financial goals. GWIM also provides customized solutions, including specialty asset management services, to help clients address their specific investment needs.

The Global Banking segment offers a range of financial products and services to help businesses manage their finances and grow their operations. This includes lending products, such as commercial loans, leases, commitment facilities, and trade finance; treasury solutions, such as treasury management, foreign exchange, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services. The segment also provides fixed-income and equity research and other market-based services.

The Global Markets segment operates in the financial markets, providing a variety of services to help clients manage their financial risk. These services include market-making, financing, securities clearing, settlement, and custody services. The segment also offers securities and derivative products and provides risk management solutions using a variety of financial instruments, including interest rate, equity, credit, currency, and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products.

Bank of America Corporation has a rich history that dates back to 1784, making it one of the oldest financial institutions in the United States. Headquartered in Charlotte, North Carolina, the bank has grown to become one of the largest and most influential financial institutions globally. The bank's official website provides access to a wealth of information on its products and services, including its mission to provide high-quality financial products and services that help its clients achieve their financial goals.