BAC - Bank of America Corporation

NYSE - NYSE Delayed Price. Currency in USD

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 Services
IndustryBanks - Global
Full Time Employees208,000

Key Executives

NameTitlePayExercisedYear Born
Mr. Brian Thomas MoynihanChairman, CEO & Pres1.69MN/A1959
Mr. Paul M. DonofrioChief Financial Officer5.06MN/A1960
Mr. Thomas Kell MontagChief Operating Officer7.42MN/A1957
Mr. Terrence P. LaughlinVice Chairman and Head of Global Wealth & Investment Management4.67MN/A1955
Mr. Geoffrey S. GreenerChief Risk Officer4.76MN/A1965
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 (GWIM), 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; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. This segment provides its products and services through approximately 4,500 financial centers; 16,000 ATMs; call centers; and digital banking platforms. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients' wealth structuring, investment management, and trust and banking needs, including specialty asset management services. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate 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, 2018 is 1. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 1; Compensation: 2.

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.