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Bank of America Corporation is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina, United States.
Bank Of America Global Wealth and Investment Management (GWIM) Internship program provides comprehensive wealth management to affluent and high-net-worth clients. It also provides retirement and benefit plan services, philanthropic management and asset management to individuals and institutions.
Bank profile :
Traded as NYSE: BAC
S&P 100 component
S&P 500 component
Industry Banking, Financial services
Predecessor Bank America
Founded October 17, 1904; 113 years ago (as Bank of Italy)
February 1930; 87 years ago (as Bank of America)
October 2000; 17 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina, U.S.
Number of locations 4,600 retail financial centers & approximately 15,900 automated teller machines
Area served Worldwide
Key people Brian Moynihan
(Chairman and CEO)
Products Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,
Revenue US$89.701 billion (2016)
Net income US$17.906 billion (2016)
AUM US$886.148 billion (2016)
Total assets US$2.187 trillion (2016)
Total equity US$266.84 billion (2016)
Owner Berkshire Hathaway (7.09%)
Number of employees 208,000 (2016)
Divisions Bank of America Home Loans, Bank of America Merrill Lynch
Subsidiaries Merrill Lynch
Capital ratio 10.8% (2016)
Rating Long Term Senior
Moody’s: Baa1 (10/2016)
S&P: BBB+ (10/2016)
Fitch: A (10/2016)