Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.
Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels. Wealth and investment management services are delivered through well-known platforms, combining advisory and brokerage services, trust and private banking, investment advisory and retirement solutions. On the corporate side, Bank of America provides commercial lending, treasury and payment services, corporate and investment banking, underwriting, trading and risk management solutions for institutional clients.
The company traces its roots to the founding of the Bank of Italy in 1904 by Amadeo Giannini and expanded over the 20th and early 21st centuries through a series of mergers and acquisitions. The modern Bank of America emerged from major consolidations in the banking industry and broadened its capabilities with notable acquisitions, including the addition of Merrill Lynch’s wealth and investment businesses. While its core franchise is concentrated in the United States, Bank of America maintains operations and client relationships across international markets to support multinational clients and global capital markets activity.
Bank of America is led by an executive management team focused on integrating retail, wealth and corporate services while investing in digital platforms and risk management infrastructure. Its client base spans individual consumers and small businesses to large corporations and institutional investors, and the company emphasizes technology-enabled delivery, compliance and capital markets expertise as central elements of its strategy.