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 accounts, 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, including wealth management solutions and specialty asset management services. Global Banking offers lending products such as commercial loans, leases, trade finance, and treasury solutions, as well as underwriting and advisory services. Global Markets provides market-making, financing, securities clearing, settlement, custody services, 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 symbol BML-PG. The stock trades in US Dollars (USD), as the company is based in the United States and its primary operations are conducted in USD. The NYSE is one of the largest stock exchanges in the world, providing liquidity and visibility for the company's shares. Investors can buy and sell BML-PG shares during regular trading hours, and the currency denomination ensures that transactions are straightforward for domestic and international investors using US dollars.

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 financial institution offering a broad array of banking and financial services to various customer segments. As a diversified bank, it engages in both consumer and commercial banking, wealth management, investment banking, and trading activities. The 'Banks - Diversified' industry includes major banks that have multiple revenue streams and operate across different geographies, making them less reliant on any single line of business. Bank of America's diversified model helps it manage risk and capitalize on opportunities across economic cycles.

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. Its operations span individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company's geographic reach includes the United States and international markets, with a significant presence in major financial centers. Through its four business segments, Bank of America provides financial products and services tailored to the needs of different client groups, leveraging its extensive branch network, digital platforms, and global offices to serve clients across various regions.

Bank of America generates revenue through its four business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. Consumer Banking earns from net interest income on loans and deposits, as well as fees from credit cards, mortgages, and other consumer products. GWIM generates fees from investment management, brokerage, and trust services, along with net interest income from banking products. Global Banking earns through lending activities (commercial loans, leases, trade finance), treasury solutions, and advisory and underwriting fees. Global Markets profits from market-making, financing, securities clearing, and trading of derivatives, foreign exchange, fixed-income, and mortgage-related products. The diversified revenue streams help the company maintain stable earnings across different economic environments.