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Home > Company Index > Banking > Money Center Banks > Bank of America Corporation

Bank of America Corporation
NYSE: BAC
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 NEWS FROM THE WIRES
S.Africa's Mboweni says fundamentals to help rand
Aug 23 2001 01:53 PM PDT

Citigroup faces example-making predatory lending suit
Aug 22 2001 08:46 AM PDT

Weak dollar could hurt U.S. assets -PIMCO's Gross
Aug 21 2001 01:56 PM PDT

U.S. banks cut key loan rate but not all benefit
Aug 21 2001 01:54 PM PDT

Bank of America cuts prime rate to 6.5 pct
Aug 21 2001 11:39 AM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
A Market Is Born
Aug 28 2001 06:14 AM PDT

Days of Reckoning
Aug 14 2001 06:00 AM PDT

The Cisco Effect
Aug 08 2001 09:26 AM PDT

Greenspan: Weak Growth Is Still a Risk Factor for the Economy
Jul 18 2001 08:06 AM PDT

Monday Earnings Blues
Jul 16 2001 01:49 PM PDT

 PROFILE
Bank of America has fulfilled its manifest destiny. The #3 bank in the US (behind Citigroup and J.P. Morgan Chase) owns bragging rights as the nation's first coast-to-coast bank. The company boasts some 4,500 retail branches in 21 states, claiming market share leadership in California, Florida, and Texas, among others. It has locations in nearly 40 countries as well. Bank of America operates in four business segments: Consumer and Commercial Banking, Global Corporate and Investment Banking, Equity Investment, and Asset Management. Subsidiaries include credit card processor BA Merchant Services and Banc of America Securities, an investment bank. Bank of America is expanding its online and credit card services.

 COMPETITION
Citigroup Inc. (C)
First Union Corporation (FTU)
J.P. Morgan Chase & Co. (JPM)

 DEALS
Deal: Rivio Gets $12 Million
Date Announced: 05.21.01
Value of transaction (US $Mil): 12
Description: Web-based small-business support service receives fourth-round funding from venture firms and company partners.

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 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 57,772.00
1-Yr. Sales Growth: 11.9%
Employees: 142,724
Revenue per employee: $404,781.26

 KEY PEOPLE
• Kenneth D. Lewis
    CEO
• James H. Hance
    CFO

 CONTACT INFO
Bank of America Corporate Center
Charlotte, NC 28255
US
Phone: 888-279-3457
Fax: 704-386-6699
Online: Web Site

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