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. The company operates through four main segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. Consumer Banking offers deposit 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 is listed on the New York Stock Exchange (NYSE) under the ticker symbol BAC-PL. The stock is traded in US Dollars (USD), which is the official currency of the United States. As a preferred stock issue, BAC-PL represents a specific class of shares with distinct characteristics compared to the common stock (BAC). Investors trading this security on the NYSE should be aware that all transactions and dividends are denominated in USD.

Bank of America Corporation operates in the Financial Services sector and is classified under the Banks - Diversified industry. This means the company is a large, diversified bank offering a broad array of financial services beyond traditional banking, including investment banking, wealth management, and trading. As a diversified bank, it serves a wide range of customers from individuals to large corporations and governments, and its revenue streams come from various sources such as interest income, fees, and trading activities. This classification reflects the company's comprehensive role in the financial system.

Bank of America Corporation is headquartered in Charlotte, North Carolina, United States. Founded in 1784, it has a long history and operates globally, serving individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments. The company's geographic reach spans across the United States and international markets, with a strong presence in major financial centers. Its global operations are supported by a network of subsidiaries that provide tailored financial solutions to clients worldwide, leveraging its expertise in consumer banking, wealth management, corporate banking, and capital markets.

Bank of America generates revenue through four primary business segments. The Consumer Banking segment earns from deposit accounts, credit and debit cards, residential mortgages, and consumer loans. Global Wealth & Investment Management (GWIM) generates fees from investment management, brokerage services, trust and retirement products, and wealth management solutions. Global Banking earns through lending products like commercial loans, leases, trade finance, and treasury solutions, as well as underwriting and advisory fees. Global Markets generates revenue from market-making, financing, securities clearing, and risk management products, including derivatives, foreign exchange, fixed-income, and mortgage-related products. This diversified model allows the bank to capture income across interest margins, fees, and trading profits.