Analyzing financial statements: Bank of America/Citigroup analysis
- Companies presentation
- Bank of America
- Industry: money center banks
- Companies data
Bank of America Corporation is a financial holding company founded in 1874, with its headquarter in Charlotte, North Carolina. It provides banking and nonbanking financial services in the United States and other countries The company is divided into 3 segments namely, Global consumer / Small business banking segment, Global corporate and investment banking segment and the Global wealth and investment management segment. All of these segments offer varied services to consumers like: savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and regular and interest-checking accounts; consumer cards, business cards, debit cards; mortgage products for home purchase and refinancing needs; insurance services; and lines of credit and loans, commitment facilities, real estate lending products, and leasing and asset-based lending products for banking clients, middle market commercial clients, multinational corporate clients, public and private developers, homebuilders, and commercial real estate firms; advisory services, financing, and related products for institutional investor clients in support of their investing and trading activities; merger-related advisory services, and risk management solutions; and treasury management, trade finance, credit facilities, and options for correspondent banks, investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and diversified asset management products to institutional clients and high-net-worth individuals.