Blog Introduction: BAC is the stock symbol for Bank of America. Bank of America is an American multinational investment bank and financial services company headquartered in Charlotte, North Carolina. The second largest bank in the United States by assets, it serves approximately 66 million consumers and small business owners through its extensive banking and lending products and services as well as wealth management and investment services. In 2019, it was ranked as the 8th largest company in the world by total revenue.
Banking Products and Services
Bank of America offers a full range of banking products and services, including checking accounts, savings accounts, credit cards, loans, and investments. Its online banking platform provides 24/7 access to account balances, transaction history, online bill pay, and mobile check deposit. Customers can also manage their finances through the Bank of America mobile app which offers real-time alerts and notifications.
Bank of America offers a variety of credit cards with different rewards programs such as cash back, travel, and points. Some of its most popular credit cards include the BankAmericard Cash Rewards Credit Card, the BankAmericard Travel Rewards Credit Card, and the Alaska Airlines Visa Signature Credit Card. All of these credit cards come with no annual fee and offer a 0% introductory APR on purchases and balance transfers for the first 15 billing cycles.
Bank of America Merrill Lynch is the investment banking division of Bank of America Corporation. It provides research, sales and trading, prime brokerage, financing, advisory, and multiple other services to large institutional clients such as corporations, governments, asset managers, money managers, insurance companies using both traditional securities such as stocks and bonds as well as new financial instruments such as derivatives.
Merrill Edge is an online discount brokerage service that provides self-directed investors with research tools, investing insights from Merrill Lynch financial advisors (with over $2 trillion in client assets), commission-free online trades (including penny stocks), and guidance to help make informed decisions about their investments.
Bank of America is a leading financial institution that offers a variety of products and services including traditional banking products like checking and savings accounts as well as credit cards, loans, wealth management services, and investment opportunities. It has branches all across the United States with convenient online access so customers can manage their finances anytime, anywhere. With over $2 trillion in client assets under management by Merrill Lynch advisors..