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Bank of America Corporation (BAC)


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Bank of America Corporation

Bank of America Corporate Center
100 North Tryon Street
Charlotte, NC 28255
United States
704-386-5681
http://www.bankofamerica.com

SectorFinancial
IndustryMoney Center Banks
Full Time Employees209,000

Key Executives

NameTitlePayExercisedAge
Mr. Brian T. MoynihanChairman, Chief Exec. Officer and Pres1.69MN/A57
Mr. Paul M. DonofrioChief Financial Officer5.06MN/A57
Mr. Thomas K. MontagChief Operating Officer7.42MN/A60
Mr. Terrence P. LaughlinVice Chairman and Head of Global Wealth & Investment Management4.67MN/A62
Mr. Geoffrey S. GreenerChief Risk Officer4.76MN/A52
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

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. It operates through four segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs 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, and direct and indirect loans. This segment provides its products and services through approximately 4,600 financial centers, 15,900 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Management segment offers investment management, brokerage, banking, and retirement products, as well as wealth management and customized solutions. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.

Corporate Governance

Bank of America Corporation’s ISS Governance QualityScore as of May 1, 2017 is 3. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 6; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.