Bank of America Corporation

Bank of America Corporation, through its subsidiaries, provides a wide range of financial products and services to individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments globally. Its business is organized into four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers savings and checking accounts, credit and debit cards, residential mortgages, home equity loans, and direct and indirect loans. GWIM provides investment management, brokerage, banking, trust, and retirement products. Global Banking delivers lending products, treasury solutions, and underwriting and advisory services. Global Markets offers market-making, financing, securities clearing, and risk management products using derivatives, foreign exchange, fixed-income, and mortgage-related products.

Bank of America Corporation's preferred stock with the ticker symbol BAC-PE is listed on the New York Stock Exchange (NYSE). The trading currency for this security is the US Dollar (USD). As a US-based company, its financials and dividends are typically denominated in USD, making it accessible to investors in the United States and international markets that trade US equities.

Bank of America Corporation operates in the Financial Services sector, specifically within the Banks - Diversified industry. This classification indicates that the company is a large, diversified bank offering a broad range of financial services beyond traditional banking, including investment banking, wealth management, and trading. Diversified banks typically serve multiple customer segments—from individuals to large corporations—and generate revenue from various sources such as interest income, fees, and trading activities.

Bank of America Corporation is headquartered in Charlotte, North Carolina, United States. Founded in 1784, the company has a long history and serves customers globally, including individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments. Its operations span across the United States and internationally, with a significant presence in major financial centers. The company's four business segments—Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets—allow it to serve a diverse client base with tailored financial solutions.

Bank of America generates revenue through its four main business segments. Consumer Banking earns from deposit accounts, credit and debit cards, mortgages, and loans. Global Wealth & Investment Management (GWIM) generates fees from investment management, brokerage services, and trust products. Global Banking earns through lending products (commercial loans, leases, trade finance), treasury solutions, and underwriting/advisory fees. Global Markets generates revenue from market-making, financing, securities clearing, and trading of derivatives, foreign exchange, fixed-income, and mortgage-related products. The company also earns from interest rate spreads on loans and deposits, as well as service charges and fees across all segments.