Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.
Number of employees : 213 000 people.
Sales per Business
2019
2020
USD (in Million)
%
USD (in Million)
%
Consumer Banking
38,587
33.9%
33,262
35%
Global Banking
20,483
18%
18,987
20%
Global Markets
15,614
13.7%
18,766
19.8%
Global Wealth & Investment Management
19,537
17.2%
18,584
19.6%
FTE Basis Adjustment
-595.00
-0.5%
-499.00
-0.5%
All Other
-2,382
-2.1%
-3,572
-3.8%
Sales per region
2019
2020
USD (in Million)
%
USD (in Million)
%
United States
81,236
71.3%
75,576
79.6%
Europe, Middle East and Africa
5,310
4.7%
4,491
4.7%
Asia
3,491
3.1%
4,232
4.5%
Latin America and the Caribbean
1,207
1.1%
1,229
1.3%
Managers
Name
Title
Brian T. Moynihan
Chairman, President & Chief Executive Officer
Paul M. Donofrio
Chief Financial Officer
Catherine P. Bessant
Co-COO & Chief Technology Officer
Thomas Kell Montag
Co-Chief Operating Officer
Andrea B. Smith
Chief Administrative Officer
Thomas J. May
Independent Director
Frank P. Bramble
Independent Director
Monica Cecilia Lozano
Independent Director
Susan Schmidt Bies
Independent Director
Sharon L. Allen
Independent Director
Shareholders
Name
Equities
%
Berkshire Hathaway, Inc. (Investment Management)
1,010,100,606
11.7%
The Vanguard Group, Inc.
580,926,222
6.73%
SSgA Funds Management, Inc.
319,292,299
3.70%
BlackRock Fund Advisors
179,060,097
2.07%
Wellington Management Co. LLP
177,377,653
2.05%
Fidelity Management & Research Co. LLC
161,325,717
1.87%
Capital Research & Management Co.
156,894,940
1.82%
T. Rowe Price Associates, Inc. (Investment Management)
131,426,984
1.52%
Geode Capital Management LLC
114,198,212
1.32%
Capital Research & Management Co. (World Investors)
112,385,201
1.30%
Name
Equities
%
Invesco Capital Management LLC
4,406,699
7.88%
BlackRock Fund Advisors
3,199,440
5.72%
Sonora Investment Management LLC
610,484
1.09%
Cohen & Steers Capital Management, Inc.
454,960
0.81%
Global X Management Co. LLC
437,929
0.78%
SSgA Funds Management, Inc.
362,821
0.65%
Everett Harris & Co.
360,000
0.64%
Fidelity Management & Research Co. LLC
350,000
0.63%
JPMorgan Investment Management, Inc.
339,650
0.61%
Spectrum Asset Management, Inc.
314,116
0.56%
Name
Equities
%
Giovine Capital Group LLC
940,000
7.86%
BlackRock Fund Advisors
670,228
5.60%
Thornburg Investment Management, Inc.
420,000
3.51%
W.H. Reaves & Co., Inc.
414,800
3.47%
Global X Management Co. LLC
94,782
0.79%
Invesco Capital Management LLC
83,507
0.70%
SSgA Funds Management, Inc.
76,064
0.64%
Pinnacle Associates Ltd.
28,000
0.23%
Steinberg Global Asset Management Ltd.
25,500
0.21%
Penserra Capital Management LLC
21,094
0.18%
Name
Equities
%
BlackRock Fund Advisors
472,897
5.62%
PNC Investments LLC
164,437
1.95%
Lehman Brothers Holdings, Inc. (Investment Portfolio)
100,000
1.19%
Invesco Capital Management LLC
58,395
0.69%
Mengis Capital Management, Inc.
47,933
0.57%
Janney Montgomery Scott LLC (Investment Management)
36,425
0.43%
Gilder, Gagnon, Howe & Co. LLC
27,600
0.33%
Penserra Capital Management LLC
18,636
0.22%
Kingfisher Capital LLC
14,139
0.17%
Pinnacle Associates Ltd.
11,235
0.13%
Name
Equities
%
Giovine Capital Group LLC
1,145,500
29.1%
Lehman Brothers Holdings, Inc. (Investment Portfolio)