Bank of America Corp.

Bank of America Corp.

Bank of America Corp.

Overview
Date Founded

1998

Headquarters

Bank of America Corporate Center, 100 North Tryon Street, Charlotte, NC, 28255, USA

Type of Company

Public

Employees (Worldwide)

204K

Industries

Retail & Commercial Banking
Accounting & Financial Services
Holding Companies
Consumer Finance
Investment Banking & Brokerage

Company Description

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Operations & Technology Officer

Chief Operating Officer

Global General Counsel

Chief Risk Officer

Chief Accounting Officer

Chief Audit Executive

Chief Human Resources Officer

President of Bank of America Private Bank

Board of Directors

Chief Executive Officer at Bank of America Corp.

President, Chief Executive Officer & Director at Carnival Plc

Limited Partner at Lead Edge Capital Management LLC

Former President & Chief Executive Officer at Boston Edison Co.

Former Regional Managing Partner at Deloitte LLP

President & Chief Executive Officer, College Futures, Latinos & Society Program at The Aspen Institute, Inc.

Chief Operating Officer at Galen of Florida, Inc.

American Electric Power Co., Inc.

Vice President for Research at Massachusetts Institute of Technology

Former President at Calvert Hall College High School

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Bank of America Corp.
Owners & Shareholders
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Berkshire Hathaway employs the value investing principles of Benjamin Graham. Their investment approach focuses on buying shares of companies as a long-term investment. The firm seeks to invest in businesses that are easy to understand and have high ROE, exceptional management teams and limited debt. Rather than a diversified stock portfolio, Berkshire Hathaway invests in a small number of trusted investments that are overweighed in order to leverage the expected returns. The firm owns stock in a diverse group of over 50 public and private companies in wide range of industries including, but not limited to, manufacturing, retail, energy and finance. Investments are typically financed using the float from Berkshire Hathaway, Inc.'s insurance operations. Securities are sold when the firm no longer feels comfortable with the fundamentals of a company.

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The Vanguard Group is an American investment management company based in Malvern, Pennsylvania, that manages approximately $3.4 trillion[1] in assets. It is the largest provider of mutual funds and now the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock, with about $451 billion in ETF assets under management, as of March 2015.[3] It offers mutual funds and other financial products and services to retail and institutional investors in the United States and abroad. Founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors,[4] the popularization of index funds generally,[5] and driving costs down across the mutual fund industry.

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SSgA FM's methods of analysis include quantitative, fundamental, technical, cyclical, indexing, arbitrage, charting and other strategy specific methods. They offer a broad range of strategies including: Active, Enhanced, and Passive Equity; Active & Passive Debt; Cash Management; Multi-Asset Class Solutions; Real Estate (including Direct Real Estate); Senior Loans; Managed Futures; and Private Equity. Active equity strategies include enhanced equity and active quantitative strategies. The strategies cover market-cap and style segments of the market including: large-cap core, large-cap growth, large-cap value, mid-cap, small-cap, small-cap value, all-cap, and long-short equity. They also manage long-short and long-short market neutral strategies. SSgA FM's Active & Passive Debt strategies offers a range of investment styles from passive to active, short to long duration, tax-exempt, sovereign to high yield, and single country to global. The firm's Cash Management strategies seek to generate current income while preserving capital and liquidity by investing in diversified portfolios of short-term securities. SSgA FM's Multi-Asset Class strategies employ an asset allocation model as means of diversification and seek to position assets among major investment categories. Their Multi Asset Class Solutions strategies employ an asset allocation model as a method of diversification that aims to position assets among major investment categories. SSgA FM's Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The firm's Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research.

Recent Transactions
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Assicurazioni Generali SpA purchases Lumyna Investments Ltd. from Bank of America Corp.

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Institutional Capital Network, Inc. purchases Bank of America Corp. /Feeder Fund Operations from Bank of America Corp.

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North American Financial 15 Split Corp. issued Class A Voting Common Shares

Transaction Clients
Investment Advisor

Advised on LIXIL Group Corp., INAX Corp. purchase A-S China Plumbing Products Ltd. from Bain Capital LP

Investment Advisor

Advised on Blackstone Real Estate Advisors, The Blackstone Group, Inc. purchase Equity Office Properties Trust

Investment Advisor

Advised on Constellation Brands, Inc. purchases Crown Imports LLC from Grupo Modelo SAB de CV, Anheuser-Busch InBev SA (Inactive)

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onBank of America Corp. purchases ABN AMRO North America Holding Co. from ABN AMRO Holding NV

Accountant

Advised onBank of America Corp. purchases FleetBoston Financial Corp.

Investment Advisor

Advised onBank of America Corp. purchases FleetBoston Financial Corp.

Legal Advisor

Advised onBank of America Corp. purchases ABN AMRO North America Holding Co. from ABN AMRO Holding NV

Legal Advisor

Advised onBaker Hughes, a GE Co. LLC purchases BJ Services Company LLC

Legal Advisor

Advised onBank of America Corp. purchases ABN AMRO North America Holding Co. from ABN AMRO Holding NV

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Co-Chair, Banking & Finance Practice at Jones Day

Clients

BlackRock is trusted to manage more money than any other investment firm. Their business is investing on behalf of their clients — from large institutions to parents and grandparents, teachers, nurses, doctors and people from all walks of life who entrust their savings to them. They are passionate about their work and intensely focused on performing at the highest levels. To get there, they strive to out-think and out-work competitors and find the best balance of risk and return across all investment styles on behalf of their clients.

IHS Markit Ltd. delivers information, analytics and solutions to customers in business, finance and government. Its products are used by aerospace, agriculture, automotive, chemicals, construction, financial services and government and Ngo's. It operates through the following business segments: Resources, Transportation, Consolidated Markets & Solutions and Financial Services. The Resources segment includes energy and chemicals product offerings. The Transportation segment includes automotive; maritime & trade; and aerospace, defense & security product offerings. The Consolidated Markets & Solutions segment includes product design; technology, media & telecom; and economics & country risk product offerings. The Financial Services segment includes financial information, processing and solutions product offerings. The company was founded in 1959 and is headquartered in London, the United Kingdom.

Marcus & Millichap, Inc. engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.

Key Stats and Financials As of 2018
Market Capitalization
$298B
Total Enterprise Value
$526B
Earnings Per Share
$2.61
Revenue
$111B
Net Profit
$28.1B
Total Debt
$437B
Total Equity
$265B
Enterprise Value Sales
4.75x
TEVNet Income
18.69x
Debt TEV
0.83x
Non-Profit Donations & Grants
$500K - $1M
2018
$2,500 - $4,999
2017
Investments
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Italfondiario SpA provides portfolio management and asset management services. It offers outsourcing of financial and commercial loan to the performing and non performing, landmark of banks, financial institutions, and public and private entities. The company was founded in 1891 and is headquartered in Rome, Italy.

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SBI Estate Finance Co., Ltd. is a holding company that provides mortgage-backed loan solutions. It provides real estate and personal financing to medium and small-sized real estate agents, corporate owners, and sole proprietors. The company was founded on August 8, 1996 and is headquartered in Tokyo, Japan.

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Markit Ltd. is a holding company, which provides financial information services. It operates through the following segments: Information, Processing, and Solutions. The Information segment provides enriched content comprising pricing and reference data, indices and valuation, and trading services across multiple asset classes and geographies through both direct and third-party distribution channels. The Processing segment offers trade processing solutions for over-the-counter derivatives, foreign exchange, and syndicated loans. The firm's trade processing services enable buy-side and sell-side firms to confirm transactions. The Solutions segment provides enterprise software platforms, managed service, and hosted custom web solutions. The company was founded by Lance Uggla and Kevin Gould in 2003 and is headquartered in London, the United Kingdom.

Suppliers
R.R. Donnelley & Sons Co. Computer Software | Chicago, IL

RR Donnelley (Nasdaq:RRD) is a global provider of integrated communications. The company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, drive top line growth, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing services to clients in virtually every private and public sector.

Total System Services, Inc. IT Consulting & Services | Columbus, GA

38 million times each day, the people of TSYS® improve lives and businesses across the world by processing a payment. We make it possible for millions of people to move money between the world's buyers and sellers. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience. TSYS' headquarters are located in Columbus, Georgia, U.S.A. with local offices spread across the Americas, EMEA and Asia–Pacific. TSYS provides services to more than half of the top-20 global banks. In a bygone era, general store merchants greeted their customers by name and spent a minute or two in conversation before processing the transaction, which was a simple exchange of merchandise for cash. As customers selected their products, the merchants learned their preferences – both benefiting from the relationship. Since then, transactions have evolved dramatically. Technology has extended the reach, scale and velocity of every transaction in the global payment chain. In this complex process, it's easy to lose sight of that basic relationship. At TSYS (Total System Services, Inc.®), we believe it's possible to create more value in those relationships than ever before. That's because we believe that payments should revolve around people, not the other way around.

Publicis Groupe SA Hospitals & Patient Services | Paris, IF

Publicis Groupe SA engages in the advertising industry. Its services include customer relationship management, direct marketing, sales promotion, events management, public relations, and corporate, multicultural and financial communications. The company was founded by Marcel Bleustein-Blanchet in 1926 and is headquartered in Paris, France.

Awards & Honors
Rank #26
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #26
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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