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Bank of America CorporationBAC
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Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.

The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services.

Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services.

The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products.

The company was founded in 1784 and is based in Charlotte, North Carolina.

Latest News >
Market Chatter: S&P 500 Turns Negative After Official Says US Proceeding With 104% China Tariffs
Market Chatter: S&P 500 Turns Negative After Official Says US Proceeding With 104% China Tariffs
Apr 8, 2025
01:47 PM EDT, 04/08/2025 (MT Newswires) -- Stocks staged a reversal after a White House official said Tuesday afternoon the US is moving forward with tariffs on China totaling as much as 104%, Bloomberg reported. The S&P 500 went from positive to negative around 1:30 p.m. ET following the report. The index moved up 0.7% at around 1:45 p.m. ET....
Sector Update: Consumer
Sector Update: Consumer
Apr 8, 2025
01:45 PM EDT, 04/08/2025 (MT Newswires) -- Consumer stocks were decreasing Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.2%. Redbook US same-store sales accelerated by 7.2% from a year earlier in the week ended April 5 after a 4.8% year-over-year increase in the previous...
Bristol-Myers Lands FDA Approval for Combination Treatment of Colorectal Cancer
Bristol-Myers Lands FDA Approval for Combination Treatment of Colorectal Cancer
Apr 8, 2025
01:57 PM EDT, 04/08/2025 (MT Newswires) -- Bristol-Myers Squibb ( BMY ) received approval from the US Food and Drug Administration for nivolumab with ipilimumab to treat a colorectal cancer type in patients 12 years or older, the regulator said Tuesday. The combination was tested in a randomized, three-arm, open-label trial in immunotherapy-naive patients with unresectable or metastatic microsatellite instability-high...
Market Chatter: BHP Prepared to Upgrade Copper Mines in Chile, Red Tape Impedes
Market Chatter: BHP Prepared to Upgrade Copper Mines in Chile, Red Tape Impedes
Apr 8, 2025
01:45 PM EDT, 04/08/2025 (MT Newswires) -- BHP (BHP) is prepared to spend $13 billion to revamp its copper mines in Chile, but it is facing bureaucratic challenges, Bloomberg reported Tuesday, citing Alejandro Tapia, head of Escondida mine. The company is ready to start the work this year if the permits are granted, the BHP executive said at a conference...
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