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Bank of America Corporation (BAC-PK)

NYSE - NYSE Delayed price. Currency in USD
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24.06-0.33 (-1.35%)
At close: 03:56PM EDT

Bank of America Corporation

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

Sector(s)Financial Services
IndustryBanks—Diversified
Full-time employees210,000

Key executives

NameTitlePayExercisedYear born
Mr. Brian Thomas MoynihanChairman & CEO1.77MN/A1959
Mr. Alastair M. BorthwickChief Financial Officer8.17MN/A1969
Mr. Matthew M. KoderExec. Officer & Pres of Global Corp. and Investment Banking9.19MN/A1972
Mr. Paul M. DonofrioVice Chairman6.84MN/A1960
Mr. James P. DeMareExec. Officer & Pres of Global Markets8.59MN/A1970
Mr. Thomas M. ScrivenerChief Operations Exec.N/AN/A1972
Mr. Christopher M. HyzyChief Investment OfficerN/AN/AN/A
Mr. Rudolf A. BlessChief Accounting OfficerN/AN/AN/A
Mr. Aditya BhasinChief Technology & Information OfficerN/AN/A1974
Mr. Darrin Steve BolandChief Admin. OfficerN/AN/A1969
Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes 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. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit 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. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.

Corporate governance

Bank of America Corporation’s ISS governance QualityScore as of 31 July 2022 is 2. The pillar scores are Audit: 2; Board: 5; Shareholder rights: 3; Compensation: 4.

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 10 indicates higher governance risk.