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Old January 25th, 2018, 11:50 AM
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Join Date: Dec 2011
Default Re: Bank Of America Better Money Habits

Bank of America Corporation is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina, United States. It is ranked 2nd on the list of largest banks in the United States by assets.


Bank of America is one big bank that is changing their image with the use of their “Better Money Habits” financial tool, created in partnership with Khan Academy. A Bank of America study found that 71 percent of respondents thought the internet made it easier to learn about personal finance, and “Better Money Habits” is such a resource. The purpose of the “Better Money Habits” financial tool is to empower consumers and provide much-needed financial education and resources for Americans.

Bank profile :
Type Public
Traded as NYSE: BAC
S&P 100 component
S&P 500 component
ISIN US0605051046
Industry Banking, Financial services
Predecessor Bank America
NationsBank
Founded October 17, 1904; 113 years ago (as Bank of Italy)
February 1930; 87 years ago (as Bank of America)
October 2000; 17 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina, U.S.
Number of locations 4,600 retail financial centers & approximately 15,900 automated teller machines
Area served Worldwide
Key people Brian Moynihan
(Chairman and CEO)
Products Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,
Revenue US$89.701 billion (2016)
Net income US$17.906 billion (2016)
AUM US$886.148 billion (2016)
Total assets US$2.187 trillion (2016)
Total equity US$266.84 billion (2016)
Owner Berkshire Hathaway (7.09%)
Number of employees 208,000 (2016)
Divisions Bank of America Home Loans, Bank of America Merrill Lynch
Subsidiaries Merrill Lynch
Merrill Edge
U.S. Trust
Capital ratio 10.8% (2016)
Rating Long Term Senior
Moody's: Baa1 (10/2016)
S&P: BBB+ (10/2016)
Fitch: A (10/2016)
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