About Bank of America
Bank of America is a company based in Charlotte (United States) founded in 1904.. The company has 213,000 employees as of December 31, 2024. Bank of America has completed 7 acquisitions, including AccentHealth, Alfatherm and AxiaMed. Bank of America offers products and services including Checking Accounts, Savings Accounts, Credit Cards, Home Loans, and Auto Loans. Bank of America operates in a competitive market with competitors including Axis Bank, Metro Bank, Bandhan Bank, HDFC Bank and Alpha Bank, among others.
- Headquarter Charlotte, United States
- Employees 213000 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Bank Of America Corporation
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Annual Revenue
$195.87 B11.93as on Dec 31, 2024
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Net Profit
$27.13 B2.3as on Dec 31, 2024
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EBITDA
$170.77 M (USD)19.14as on Mar 31, 2023
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Latest Funding Round
$34.93 M (USD), Post-IPO
Apr 29, 2025
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Investors
Berkshire Hathaway
& 1 more
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Employee Count
213000
as on Dec 31, 2024
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Investments & Acquisitions
AccentHealth
& 6 more
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IPO & Listings of Bank of America
Bank of America is a publicly listed company on the NYSE with ticker symbol BAC in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Bank of America
Bank of America offers a comprehensive portfolio of products and services, including Checking Accounts, Savings Accounts, Credit Cards, Home Loans, and Auto Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for everyday transactions and financial management.
Options for saving money with interest and flexible access.
Cards for purchases, rewards, and building credit scores.
Mortgages and refinancing for home buying and equity access.
Financing for vehicle purchases and refinancing options.
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Leadership Team
413 people
Software Development Team
308 people
Sales and Marketing
65 people
Senior Team
47 people
Finance and Accounting
35 people
Product Management Team
35 people
Human Resources and Administration
26 people
Manager Team
20 people
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Funding Insights of Bank of America
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $34.9M
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First Round
First Round
(20 Aug 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2025 | Amount | Post-IPO - Bank of America | Valuation |
investors |
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| Feb, 2025 | Amount | Debt – Conventional - Bank of America | Valuation |
investors |
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| Jan, 2025 | Amount | Debt – Conventional - Bank of America | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bank of America
Bank of America has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Berkshire Hathaway and U.S. Department of the Treasury. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of multinational conglomerate services
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Founded Year | Domain | Location | |
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The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bank of America
Bank of America has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include AccentHealth, Alfatherm and AxiaMed. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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API-linked payment gateway is offered for healthcare providers.
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2012 | ||||
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Insurance brokerage firm
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2007 | ||||
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Patient education is delivered at point-of-care in physician waiting rooms.
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1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bank of America
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bank Of America Comparisons
Competitors of Bank of America
Bank of America operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Axis Bank, Metro Bank, Bandhan Bank, HDFC Bank and Alpha Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of a commercial banking services
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| domain | founded_year | HQ Location |
Commercial banking services are provided in the United Kingdom.
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| domain | founded_year | HQ Location |
Personal and business banking services are offered to underbanked markets.
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| domain | founded_year | HQ Location |
Commercial and personal banking services are offered by HDFC Bank.
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| domain | founded_year | HQ Location |
Alpha Bank is recognized as a leading financial institution in Greece.
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bank Of America
Frequently Asked Questions about Bank of America
When was Bank of America founded?
Bank of America was founded in 1904 and raised its 1st funding round 105 years after it was founded.
Where is Bank of America located?
Bank of America is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of Bank of America?
Brian Moynihan is the current CEO of Bank of America.
How many employees does Bank of America have?
As of Dec 31, 2024, the latest employee count at Bank of America is 213,000.
What is the annual revenue of Bank of America?
Annual revenue of Bank of America is $195.87B as on Dec 31, 2024.
What does Bank of America do?
Bank of America was founded in 1904 and is headquartered in Charlotte, United States. Operations are conducted in the financial sector, focusing on commercial banking and asset management. Services provided include wealth management, corporate and investment banking, and trading. Clients served encompass corporations, governments, institutions, and individuals across the globe. In 2022, revenues of 133.84 billion were recorded, along with a net profit of 28.62 billion.
Who are the top competitors of Bank of America?
Bank of America's top competitors include Metro Bank, Truist and Yes Bank.
What products or services does Bank of America offer?
Bank of America offers Checking Accounts, Savings Accounts, Credit Cards, Home Loans, and Auto Loans.
Is Bank of America publicly traded?
Yes, Bank of America is publicly traded on NYSE under the ticker symbol BAC.
How many acquisitions has Bank of America made?
Bank of America has made 7 acquisitions, including AccentHealth, Alfatherm, and AxiaMed.
Who are Bank of America's investors?
Bank of America has 2 investors. Key investors include Berkshire Hathaway, and U.S. Department of the Treasury.
What is Bank of America's ticker symbol?
The ticker symbol of Bank of America is BAC on NYSE.
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