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Re: Bank Of America Pfd Stock
Bank of America Corporation is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina, United States As you asking I am telling preferred stock is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred shares generally have a dividend that must be paid out before dividends to common shareholders, and the shares usually do not carry voting rights. Bank profile : Type Public Traded as NYSE: BAC S&P 100 component S&P 500 component ISIN US0605051046 Industry Banking, Financial services Predecessor Bank America NationsBank Founded October 17, 1904; 113 years ago (as Bank of Italy) February 1930; 88 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[3] 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$87.352 billion (2017) Net income US$18.232 billion (2017) Total assets US$2.281 trillion (2017) Total equity US$267.14 billion (2017) Number of employees 208,000 (2016) Divisions Bank of America Home Loans, Bank of America Merrill Lynch Subsidiaries Merrill Lynch Merrill Edge U.S. Trust Capital ratio 10.8% (2016) Rating Long Term Senior Moody's: Baa1 (10/2016) S&P: BBB+ (10/2016) Fitch: A (10/2016) |
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