Bank of America Company Description
Welcome to the machine. One of the three largest banks in the US by assets (along with Citigroup and JPMorgan Chase), Bank of America boasts the country's most extensive branch network, with more than 6,100 locations covering some 30 states from coast to coast. Its core services include consumer and small business banking, credit cards, and asset management. In 2008 Bank of America arranged to pay some $50 billion in stock for Merrill Lynch, which has been crippled by the ongoing credit crisis. The acquisition of the once-mighty investment bank known as "The Bull," which has an extensive retail brokerage network, should beef up Bank of America's investment banking and brokerage business outside the US.
View the Comprehensive Company Description for Bank of America
The Company Description provides a historical perspective of Bank of America's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Bank of America's evolution in the marketplace.
