Bank of America Corp.

Bank of America Corp.

Bank of America Corp.

Overview
Date Founded

1998

Headquarters

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

Type of Company

Public

Employees (Worldwide)

209K

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

Market President for San Francisco & East Bay

President, Asia Pacific

President, Massachusetts Market

Board of Directors

Chief Executive Officer at Bank of America Corp.

President & Chief Executive Officer at Carnival Corporation

Chair at The Aspen Institute, Inc.

Former President & Chief Executive Officer at Eversource Energy

Advisory Partner at Trian Fund Management LP

Former Partner & Regional Managing Partner at Deloitte LLP

Former Controller at PepsiCo, Inc.

Chief Operating Officer at Galen of Florida, 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 overweighted 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 Funds Management (SSgA FM) uses quantitative methods, as well as an industry-specific bottom-up investment approach to select stocks. The firm's mutual funds and institutional portfolios follow the same management style. 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. cash and real estate. ^The firm's Active, Enhanced & Passive are designed to outperform relative to benchmarks while maintaining appropriate risk exposure. 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 seek to meet clients' objectives by controlling risk, while diversifying sources of excess return. The firm 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 strategies typically use a stratified sampling methodology to build portfolios with the same characteristics as the index using quantitative and fundamental methods.^SSgA FM's cash 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 seeks to position assets among major investment categories. The goal is to manage risk and enhance returns.SSgA FM is an advisor to funds that employ both passive and actively managed REITs investing strategies. They also offer direct real estate investment strategies.SSgA FM is an advisor to a fund that employs senior loan investing strategies. An unaffiliated sub-advisor directs the investments of the fund.SSgA FM's Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The managed futures strategy seeks to capture returns tied to global macroeconomic trends in the commodity futures markets, taking both long and short positions. The fixed income strategy is designed to generate interest income and capital appreciation to add diversification to the returns generated by the managed futures strategy.SSgA FM's Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research. The strategies make direct or co-investments across sectors, as well as fund investments.

Recent Transactions
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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

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Alicorp SA purchases Industrias De Aceite SA from Corporación de Servicios GR SA

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 LP 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
Details Hidden
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

Partner at Jones Day

Clients

PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. The company was founded in December 1998 and is headquartered in San Jose, CA.

Marcus & Millichap, Inc. operates as a brokerage company specializing in commercial real estate investment sales, financing, research, and advisory services. The company provides investment brokerage and financing services to investors of all sizes and types of commercial real estate properties. It serves clients with one property, multiple properties, and investment portfolios. Marcus & Millichap was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.

FactSet Research Systems, Inc. provides integrated financial information and analytical applications for the global investment community. The company operates its business through the following segments: Research Solutions, Portfolio Management & Trading Solutions, Analytics Solutions, Wealth Solutions, and Content & Technology Solutions. The Research Solutions segment offerings comprise core applications, including universal screening, company & security analytics, industry & markets, filings, ownership, research, news, and research management solutions. The Portfolio Management & Trading Solutions segment focuses on workflows, such as multi-asset execution management system platform, and compliance as well as order management functionality. The Analytics Solutions segment addresses workflows around risk, performance and reporting. This segment includes portfolio analysis, an interactive tool that helps users make decisions with a flexible, multi-tile interface of reports and charts. It also offers client-requested functionality, such as fixed income optimization and the duration times spread attribution model. The Wealth Solutions segment offers investment portfolio management, advisory services, financial planning and other financial services. The Content & Technology Solutions segment delivers content and analytics through FactSet platform, cloud-based application program interfaces and white label solutions. FactSet Research Systems was founded by Howard E. Wille and Charles J. Snyder in September 1978 and is headquartered in Norwalk, CT.

Key Stats and Financials As of 2017
Market Capitalization
$279B
Total Enterprise Value
$609B
Earnings Per Share
$1.56
Revenue
$101B
Net Profit
$18.2B
Total Equity
$267B
TEVNet Income
33.39x
Debt TEV
0.72x
Total Debt
$437B
Enterprise Value Sales
6.05x
Three Year Compounded Annual Growth Rate Of Revenue
0.86%
Five Year Compounded Annual Growth Rate Of Revenue
0.32%
Non-Profit Donations & Grants
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, 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