BANK OF AMERICA CORP /DE/ (BAC)

Bank of America Corporation is a Delaware corporation, a bank holding company and a financial holding company. It describes itself as one of the world's largest financial institutions. It provides a full range of banking, investing, asset management and other financial and risk management products and services. The Corporation has reduced, and intends to keep reducing, the number of its corporate subsidiaries, including through intercompany mergers, in order to streamline its structure and cut complexity and costs.

Through various bank and nonbank subsidiaries in the U.S. and international markets, it offers a diversified range of banking and nonbank financial services and products. These are organized into four business segments: Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets. Remaining operations are recorded in All Other. The text does not detail the specific products within each segment.

Its customers include individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments. It serves them in the U.S. and in international markets.

The Corporation operates in a highly competitive environment. Its competitors include banks, thrifts, credit unions, investment banking, investment advisory and brokerage firms, investment companies, insurance companies, mortgage banking companies, credit card issuers, mutual fund companies, hedge funds, private equity firms, and e-commerce and other internet-based companies. It competes with some of these globally and with others on a regional or product-specific basis. It increasingly faces firms that offer products solely over the internet, as well as nonfinancial companies using emerging technologies such as digital assets. Competition rests on customer service and convenience, the pricing, quality and range of products and services, lending limits, technology, and reputation, experience and relationships in relevant markets. It also depends on the ability to attract, develop and retain employees. At December 31, 2025, the Corporation employed approximately 213,000 people, 77 percent of them in the U.S. None of its U.S. employees are covered by a collective bargaining agreement. Compensation and benefits expense was $42.3 billion in 2025, or 61 percent of total noninterest expense. As a bank holding company and financial holding company, it is subject to an extensive regulatory framework that also covers banks and broker-dealers. Its principal executive offices are in the Bank of America Corporate Center, 100 North Tryon Street, Charlotte, North Carolina.