What is Bank of America California?
The Bank of America Corporation is the leading financial institution in the United States. It began operations in the year 1998 under the name of Bank of America and is headquartered in Charlotte, North Carolina, United States. Bank of America is among the four largest banks in the United States. In the year 2010, it was listed on 3rd position in Forbes 500 companies worldwide.
It offers a full range of banking and financial services such as consumer banking, corporate banking, insurance, investments, mortgages, private banking, loans, wealth management, private equity, credit cards and other banking services. It also provides award-winning online and Mobile banking services. According to company survey, more than 30 million online users and 15 million mobile users are served by Bank of America. It has a primary listing on the New York stock exchange under the 'BAC' symbol. Additionally, it is a constituent of the S&P index. Bank of America has Three divisions namely- Bank of America Home Loans, Bank of America and Merrill Lynch. Outside of United States, the company serves in over other 40 countries across the world. It employs more than 242,000 employees.
Bank of America provides its financial services to around 57 million costumers in the United States through the network of 5,100 branches and 16,200 ATMs. It generated total revenues of US$ 88.94 billion in 2013. Merrill Lynch Wealth Management and U.S. Trust Corporation are subsidiary companies of the Bank of America. Merrill Lynch Wealth Management gives investment management services globally that was formed in the year 2009.