Question 1

What does Bank of America Corporation (BAC) do?

Accepted Answer

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages, and home equity loans, plus direct and indirect loans such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services, and wealth management solutions, including specialty asset management services. Its Global Banking segment provides lending products and services including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers, approximately 16,000 ATMs, and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.

Question 2

Where is BAC stock listed?

Accepted Answer

Bank of America Corporation trades under the ticker BAC on NYSE.

Question 3

How can I research BAC's financials and filings?

Accepted Answer

VantaFin provides Bank of America Corporation's income statement, balance sheet and cash-flow data, SEC filings, earnings-call transcripts, and insider & institutional ownership on the BAC profile.