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Bank of America Corporation (BAC)

NYSE - NYSE Delayed price. Currency in USD
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35.79-0.56 (-1.54%)
At close: 04:00PM EDT
35.79 0.00 (0.00%)
After hours: 07:59PM 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 employees213,000

Key executives

NameTitlePayExercisedYear born
Mr. Brian Thomas MoynihanChairman, CEO & President1.89MN/A1959
Mr. Alastair M. BorthwickChief Financial Officer4.35MN/A1969
Mr. Matthew M. KoderPresident of Global Corporate & Investment Banking5.97MN/A1972
Mr. Dean C. AthanasiaPresident of Regional Banking5.1MN/A1967
Mr. James P. DeMarePresident of Global Markets7.05MN/A1970
Mr. Thomas M. ScrivenerChief Operations ExecutiveN/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 Administrative OfficerN/AN/A1969
Amounts are as of 31 December 2023, 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. It operates in 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, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers 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, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.

Corporate governance

Bank of America Corporation’s ISS governance QualityScore as of 1 April 2024 is 7. The pillar scores are Audit: 2; Board: 7; Shareholder rights: 1; Compensation: 10.

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.