Bank of America is a top-notch financial services company based in America. In the New York Stock Exchange (NYSE) the company has been listed as BAC. The headquarters are situated at Charlotte, North Carolina, Unites States. Primary industry areas of the company include banking, investment services and financial services. The company deals in Finance and insurance, private equity credit cards, mortgage, corporate banking, investment management, consumer banking, investment banking global wealth management. As per the official reports, the company has been supported by a massive workforce of more than 1, 80,000 employees. The net income for the fiscal year 2008 was $ 4.00 billion and the total revenue stood at $ 113.10 billion. The recent recession had some impact upon the operations of the Bank of America, but it is emerging out from the crisis period with a good rate of stability.
In the United States Bank of America is the largest bank in terms of assets and second largest financial organization in terms of market capitalization. In terms of deposit Bank of America is the largest commercial bank in the US. Amazingly, the company is currently holding nearly 13% of the entire US deposits.
Bank of America serves clients from more than 150 countries at present which proves its reliability and dedication to quality client services. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of the Dow Jones Industrial Average (DJIA).
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