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Bank of America Corporation (BAC)

NYSE - Nasdaq Real-time price. Currency in USD
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40.20+0.23 (+0.58%)
At close: 4:00PM EDT
40.25 +0.05 (0.12%)
After hours: 06:08PM EDT

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

Sector(s)Financial Services
IndustryBanks—Diversified
Full-time employees212,000

Key executives

NameTitlePayExercisedYear born
Mr. Brian Thomas MoynihanChairman, CEO & Pres1.74MN/A1959
Mr. Paul M. DonofrioChief Financial Officer5.44MN/A1960
Mr. Thomas Kell MontagCOO and Pres of Global Banking & Markets8.37MN/A1957
Mr. Dean C. AthanasiaPres of Consumer & Small Bus.5.28MN/A1967
Mr. Geoffrey S. GreenerChief Risk Officer5.44MN/A1965
Ms. Catherine Pombier BessantChief Operations & Technology OfficerN/AN/A1960
Mr. Rudolf A. BlessChief Accounting OfficerN/AN/AN/A
Mr. Matthew M. KoderPres of Global Corp. & Investment BankingN/AN/AN/A
Tony KerrisonChief Technology Officer and Technology & Infrastructure Services LeadN/AN/AN/A
Ms. Andrea Bradley SmithChief Admin. OfficerN/AN/A1968
Amounts are as of 31 December 2020, 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 April 15, 2021, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 17,000 ATMs; and digital banking platforms with approximately 40 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.

Corporate governance

Bank of America Corporation’s ISS governance QualityScore as of 1 June 2021 is 2. The pillar scores are Audit: 1; 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.