Consumer Banking
Provides checking and savings accounts, credit cards, mortgages, auto loans, and small business lending through branches, ATMs, and digital banking tools.
Customers and revenue model
Bank of America Corp
XMUN:NCB
Bank of America Corp
XMUN:NCB
Price:
46.13
EUR
4.59%
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Market Cap:
€365.1B
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Company Overview
Business Description
- Sector
- Financials
- Industry
- Banking
- Headquarters
- United States of America US
- Employees
- 212 000
- IPO date
- Jun 5, 1979
Bank of America is one of the largest banks in the United States. It takes deposits, makes loans, and handles payments for households, small businesses, large companies, and governments. It also runs a major wealth management and investment banking business, helping clients manage cash, invest, trade securities, and raise capital.
The bank makes money mainly by earning interest on loans and other credit products, plus fees for services such as card processing, brokerage, advisory work, and account maintenance. Its main customers include everyday consumers with checking and savings accounts, borrowers with mortgages or credit cards, small and midsize businesses that need lending and cash management, and large corporate and institutional clients that need market and financing services.
What makes Bank of America’s business model different is its role as a full-service financial utility for a wide range of clients. A single customer may use it for deposits, borrowing, investing, payments, and business banking, which gives the bank many ways to earn revenue and keeps it deeply embedded in daily financial activity.
Management
Mr. Brian Thomas Moynihan
Chairman, CEO & President
Brian Thomas Moynihan is the Chairman and Chief Executive Officer (CEO) of Bank of America Corporation, one of the world’s leading financial institutions. Born on October 9, 1959, in Marietta, Ohio, Moynihan has been a prominent figure in the banking industry. He earned a bachelor’s degree in history from Brown University and later received his Juris Doctor from the University of Notre Dame Law School. Moynihan joined Bank of America in 1993 after the bank purchased FleetBoston Financial, where he worked previously. Throughout his tenure, he has held various roles, demonstrating expertise in strategic leadership and corporate development. Moynihan became the CEO of Bank of America in January 2010, leading the bank through significant challenges in the wake of the financial crisis. Under his leadership, the bank has focused on simplifying operations, strengthening risk management, and enhancing customer service. He has been instrumental in driving Bank of America towards a more streamlined and customer-centric model, emphasizing responsible growth and sustainability. In addition to his role at the bank, Moynihan is involved in various community and business organizations, serving on boards and contributing to discussions on economic and financial matters globally. His leadership style and commitment to corporate responsibility have played a critical role in shaping the bank's direction in recent years.
Mr. Matthew M. Koder
President of Global Corporate & Investment Banking
Matthew M. Koder is a prominent executive at Bank of America Corp, holding the position of President of Global Corporate & Investment Banking. In this role, he is responsible for overseeing the bank's global relationships with corporate and institutional clients and managing a wide range of banking services, including mergers and acquisitions, equity and debt capital markets, leasing and financial advisory services. Koder joined Bank of America in 2011, bringing a wealth of experience from his previous roles in the financial industry. Before joining Bank of America, he worked at UBS, where he was the President of Asia Pacific and held various senior roles in investment banking. His extensive experience in international finance has made him a key player in expanding Bank of America's business globally. He holds a BA in Economics from Harvard College and an MBA from Harvard Business School, further strengthening his capabilities and thought leadership in the financial sector. His leadership is characterized by a strategic focus on developing robust client relationships and driving growth in a competitive global market.
Mr. James P. DeMare
President of Global Markets
James P. DeMare is a notable executive at Bank of America Corporation where he serves in an influential leadership role. He is the President of Global Markets, a position in which he oversees the bank’s global sales and trading operations across various asset classes, including equities, fixed income, currencies, and commodities. DeMare has a profound influence on the strategic direction and operations of the bank's markets division, ensuring comprehensive service delivery to institutional clients. Having graduated from Cornell University, DeMare has extensive experience in financial markets, with a career that spans several decades in trading and risk management roles. Before his current role, he held numerous senior positions within Bank of America, progressively moving up the ranks due to his analytical acumen and leadership capabilities. Under his leadership, the Global Markets division has been influential in adapting to market changes and meeting client needs, which has been integral to the bank's overall performance in the competitive investment banking sector. Known for his strategic insights and operational expertise, DeMare continues to play a critical role in strengthening Bank of America's market presence globally.
Mr. Thomas M. Scrivener
Chief Operations Executive
Thomas M. Scrivener is an executive at Bank of America Corporation. He has held the position of Chief Operating Officer for Bank of America's Consumer, Small Business & Wealth Management Operations. In this role, Scrivener is responsible for driving the operational strategy and implementation that supports the bank's consumer and wealth management businesses. His responsibilities typically include overseeing the efficiency of operations, enhancing customer service, and improving the technology and processes to support these business lines. Prior to this position, Thomas Scrivener has been involved in various capacities within Bank of America, contributing to the bank's operational improvements and business strategies. His leadership skills and focus on operational excellence have played a key role in aligning the bank’s operations with its business goals, focusing on innovation and customer satisfaction. Throughout his career at Bank of America, Scrivener has demonstrated a strong ability in managing complex operations and leading transformative projects that benefit both the organization and its customers. His efforts contribute significantly to the stability and growth of Bank of America's consumer and wealth management sectors.
Mr. Christopher M. Hyzy
Chief Investment Officer
Christopher M. Hyzy is the Chief Investment Officer for Merrill and Bank of America Private Bank. In his role, he is responsible for determining the overall investment strategy for these divisions and managing a team of investment professionals who provide tailored investment advice and solutions to clients. Hyzy's insights and analyses on market trends and economic conditions are frequently sought after in the financial industry. He has a distinguished career in financial services with a focus on investment strategy and research, contributing significantly to guiding clients and the organization through various market environments. His leadership is characterized by a commitment to delivering insightful and actionable investment opinions to support clients in achieving their financial goals.
Mr. Rudolf A. Bless
Chief Accounting Officer
Rudolf A. Bless is associated with Bank of America Corp as an executive officer. In his role, he has contributed to financial management and strategic planning within the corporation. Prior to his time at Bank of America, he has undertaken various financial leadership positions in the banking and financial services industries, leveraging his extensive experience to foster growth and ensure fiscal responsibility. Bless has been instrumental in advancing the financial strategies that align with the company’s overarching goals. His work typically involves close collaboration with other executives to enhance the institution's financial health and competitive position in the market.
Mr. Aditya Bhasin
Chief Technology & Information Officer
Aditya Bhasin is a notable figure at Bank of America Corporation, where he serves as Chief Technology and Information Officer. In this role, Bhasin oversees the bank's technology strategy and operations, ensuring that technological advancements align with the institution's business goals and customer needs. He is instrumental in driving digital transformation, enhancing the bank's digital banking platforms, and strengthening its technological infrastructure. Bhasin has been with Bank of America for several years, contributing to its growth and innovation through his expertise in technology management and financial services. His work involves not only the implementation of cutting-edge technologies but also ensuring robust cybersecurity measures to protect client information. His leadership is characterized by a focus on customer experience, operational efficiency, and strategic partnerships, which are essential in maintaining Bank of America's competitive edge in the rapidly evolving financial services landscape. Throughout his career, Aditya Bhasin has been recognized for his forward-thinking approach and ability to integrate technology with banking services effectively. He holds a strong academic background and has accumulated a wealth of experience in both technology and finance, making him a key asset to Bank of America's executive team.
Mr. Darrin Steve Boland
Chief Administrative Officer
Darrin Steve Boland is recognized for his leadership role at Bank of America Corp, where he has made significant contributions to the company's success. Serving as an executive within Bank of America, Boland has overseen numerous strategic initiatives aimed at driving growth and enhancing operational efficiency. His expertise in financial services, combined with a keen insight into market trends, has positioned him as a pivotal figure in fostering the institution's development. Under his management, Bank of America has advanced in implementing innovative solutions and improving customer engagement. Boland's commitment to excellence and his strategic vision continue to influence Bank of America's trajectory in the competitive financial landscape.
Mr. E. Lee McEntire
Head of Investor Relations & Local Markets Organization
E. Lee McEntire is a notable executive at Bank of America Corporation, serving in an influential capacity within the company. He is recognized for his role in Investor Relations, where he is responsible for communicating the company's financial performance and strategy to investors, analysts, and other stakeholders. His work involves managing the bank's relationships with the investment community, ensuring transparent and effective communication, and helping to support the company's market valuation. McEntire's career at Bank of America includes significant experience within the bank's finance, treasury, and strategic planning areas, reflecting his deep expertise in financial management and analysis. Through his work, he plays a vital role in supporting Bank of America's reputation and engagement with the financial markets.
Amy Littman
Co-Head of Global Compliance & Operational Risk and Head of Enterprise Reputational Risk
Biography unavailable
1 / 10
Mr. Brian Thomas Moynihan
Chairman, CEO & President
Brian Thomas Moynihan is the Chairman and Chief Executive Officer (CEO) of Bank of America Corporation, one of the world’s leading financial institutions. Born on October 9, 1959, in Marietta, Ohio, Moynihan has been a prominent figure in the banking industry.
He earned a bachelor’s degree in history from Brown University and later received his Juris Doctor from the University of Notre Dame Law School. Moynihan joined Bank of America in 1993 after the bank purchased FleetBoston Financial, where he worked previously. Throughout his tenure, he has held various roles, demonstrating expertise in strategic leadership and corporate development.
Moynihan became the CEO of Bank of America in January 2010, leading the bank through significant challenges in the wake of the financial crisis. Under his leadership, the bank has focused on simplifying operations, strengthening risk management, and enhancing customer service. He has been instrumental in driving Bank of America towards a more streamlined and customer-centric model, emphasizing responsible growth and sustainability.
In addition to his role at the bank, Moynihan is involved in various community and business organizations, serving on boards and contributing to discussions on economic and financial matters globally. His leadership style and commitment to corporate responsibility have played a critical role in shaping the bank's direction in recent years.
He earned a bachelor’s degree in history from Brown University and later received his Juris Doctor from the University of Notre Dame Law School. Moynihan joined Bank of America in 1993 after the bank purchased FleetBoston Financial, where he worked previously. Throughout his tenure, he has held various roles, demonstrating expertise in strategic leadership and corporate development.
Moynihan became the CEO of Bank of America in January 2010, leading the bank through significant challenges in the wake of the financial crisis. Under his leadership, the bank has focused on simplifying operations, strengthening risk management, and enhancing customer service. He has been instrumental in driving Bank of America towards a more streamlined and customer-centric model, emphasizing responsible growth and sustainability.
In addition to his role at the bank, Moynihan is involved in various community and business organizations, serving on boards and contributing to discussions on economic and financial matters globally. His leadership style and commitment to corporate responsibility have played a critical role in shaping the bank's direction in recent years.
Mr. Matthew M. Koder
President of Global Corporate & Investment Banking
Matthew M. Koder is a prominent executive at Bank of America Corp, holding the position of President of Global Corporate & Investment Banking. In this role, he is responsible for overseeing the bank's global relationships with corporate and institutional clients and managing a wide range of banking services, including mergers and acquisitions, equity and debt capital markets, leasing and financial advisory services.
Koder joined Bank of America in 2011, bringing a wealth of experience from his previous roles in the financial industry. Before joining Bank of America, he worked at UBS, where he was the President of Asia Pacific and held various senior roles in investment banking. His extensive experience in international finance has made him a key player in expanding Bank of America's business globally.
He holds a BA in Economics from Harvard College and an MBA from Harvard Business School, further strengthening his capabilities and thought leadership in the financial sector. His leadership is characterized by a strategic focus on developing robust client relationships and driving growth in a competitive global market.
Koder joined Bank of America in 2011, bringing a wealth of experience from his previous roles in the financial industry. Before joining Bank of America, he worked at UBS, where he was the President of Asia Pacific and held various senior roles in investment banking. His extensive experience in international finance has made him a key player in expanding Bank of America's business globally.
He holds a BA in Economics from Harvard College and an MBA from Harvard Business School, further strengthening his capabilities and thought leadership in the financial sector. His leadership is characterized by a strategic focus on developing robust client relationships and driving growth in a competitive global market.
Mr. James P. DeMare
President of Global Markets
James P. DeMare is a notable executive at Bank of America Corporation where he serves in an influential leadership role. He is the President of Global Markets, a position in which he oversees the bank’s global sales and trading operations across various asset classes, including equities, fixed income, currencies, and commodities. DeMare has a profound influence on the strategic direction and operations of the bank's markets division, ensuring comprehensive service delivery to institutional clients.
Having graduated from Cornell University, DeMare has extensive experience in financial markets, with a career that spans several decades in trading and risk management roles. Before his current role, he held numerous senior positions within Bank of America, progressively moving up the ranks due to his analytical acumen and leadership capabilities.
Under his leadership, the Global Markets division has been influential in adapting to market changes and meeting client needs, which has been integral to the bank's overall performance in the competitive investment banking sector. Known for his strategic insights and operational expertise, DeMare continues to play a critical role in strengthening Bank of America's market presence globally.
Having graduated from Cornell University, DeMare has extensive experience in financial markets, with a career that spans several decades in trading and risk management roles. Before his current role, he held numerous senior positions within Bank of America, progressively moving up the ranks due to his analytical acumen and leadership capabilities.
Under his leadership, the Global Markets division has been influential in adapting to market changes and meeting client needs, which has been integral to the bank's overall performance in the competitive investment banking sector. Known for his strategic insights and operational expertise, DeMare continues to play a critical role in strengthening Bank of America's market presence globally.
Mr. Thomas M. Scrivener
Chief Operations Executive
Thomas M. Scrivener is an executive at Bank of America Corporation. He has held the position of Chief Operating Officer for Bank of America's Consumer, Small Business & Wealth Management Operations. In this role, Scrivener is responsible for driving the operational strategy and implementation that supports the bank's consumer and wealth management businesses. His responsibilities typically include overseeing the efficiency of operations, enhancing customer service, and improving the technology and processes to support these business lines.
Prior to this position, Thomas Scrivener has been involved in various capacities within Bank of America, contributing to the bank's operational improvements and business strategies. His leadership skills and focus on operational excellence have played a key role in aligning the bank’s operations with its business goals, focusing on innovation and customer satisfaction.
Throughout his career at Bank of America, Scrivener has demonstrated a strong ability in managing complex operations and leading transformative projects that benefit both the organization and its customers. His efforts contribute significantly to the stability and growth of Bank of America's consumer and wealth management sectors.
Prior to this position, Thomas Scrivener has been involved in various capacities within Bank of America, contributing to the bank's operational improvements and business strategies. His leadership skills and focus on operational excellence have played a key role in aligning the bank’s operations with its business goals, focusing on innovation and customer satisfaction.
Throughout his career at Bank of America, Scrivener has demonstrated a strong ability in managing complex operations and leading transformative projects that benefit both the organization and its customers. His efforts contribute significantly to the stability and growth of Bank of America's consumer and wealth management sectors.
Mr. Christopher M. Hyzy
Chief Investment Officer
Christopher M. Hyzy is the Chief Investment Officer for Merrill and Bank of America Private Bank. In his role, he is responsible for determining the overall investment strategy for these divisions and managing a team of investment professionals who provide tailored investment advice and solutions to clients. Hyzy's insights and analyses on market trends and economic conditions are frequently sought after in the financial industry. He has a distinguished career in financial services with a focus on investment strategy and research, contributing significantly to guiding clients and the organization through various market environments. His leadership is characterized by a commitment to delivering insightful and actionable investment opinions to support clients in achieving their financial goals.
Mr. Rudolf A. Bless
Chief Accounting Officer
Rudolf A. Bless is associated with Bank of America Corp as an executive officer. In his role, he has contributed to financial management and strategic planning within the corporation. Prior to his time at Bank of America, he has undertaken various financial leadership positions in the banking and financial services industries, leveraging his extensive experience to foster growth and ensure fiscal responsibility. Bless has been instrumental in advancing the financial strategies that align with the company’s overarching goals. His work typically involves close collaboration with other executives to enhance the institution's financial health and competitive position in the market.
Mr. Aditya Bhasin
Chief Technology & Information Officer
Aditya Bhasin is a notable figure at Bank of America Corporation, where he serves as Chief Technology and Information Officer. In this role, Bhasin oversees the bank's technology strategy and operations, ensuring that technological advancements align with the institution's business goals and customer needs. He is instrumental in driving digital transformation, enhancing the bank's digital banking platforms, and strengthening its technological infrastructure.
Bhasin has been with Bank of America for several years, contributing to its growth and innovation through his expertise in technology management and financial services. His work involves not only the implementation of cutting-edge technologies but also ensuring robust cybersecurity measures to protect client information.
His leadership is characterized by a focus on customer experience, operational efficiency, and strategic partnerships, which are essential in maintaining Bank of America's competitive edge in the rapidly evolving financial services landscape.
Throughout his career, Aditya Bhasin has been recognized for his forward-thinking approach and ability to integrate technology with banking services effectively. He holds a strong academic background and has accumulated a wealth of experience in both technology and finance, making him a key asset to Bank of America's executive team.
Bhasin has been with Bank of America for several years, contributing to its growth and innovation through his expertise in technology management and financial services. His work involves not only the implementation of cutting-edge technologies but also ensuring robust cybersecurity measures to protect client information.
His leadership is characterized by a focus on customer experience, operational efficiency, and strategic partnerships, which are essential in maintaining Bank of America's competitive edge in the rapidly evolving financial services landscape.
Throughout his career, Aditya Bhasin has been recognized for his forward-thinking approach and ability to integrate technology with banking services effectively. He holds a strong academic background and has accumulated a wealth of experience in both technology and finance, making him a key asset to Bank of America's executive team.
Mr. Darrin Steve Boland
Chief Administrative Officer
Darrin Steve Boland is recognized for his leadership role at Bank of America Corp, where he has made significant contributions to the company's success. Serving as an executive within Bank of America, Boland has overseen numerous strategic initiatives aimed at driving growth and enhancing operational efficiency. His expertise in financial services, combined with a keen insight into market trends, has positioned him as a pivotal figure in fostering the institution's development. Under his management, Bank of America has advanced in implementing innovative solutions and improving customer engagement. Boland's commitment to excellence and his strategic vision continue to influence Bank of America's trajectory in the competitive financial landscape.
Mr. E. Lee McEntire
Head of Investor Relations & Local Markets Organization
E. Lee McEntire is a notable executive at Bank of America Corporation, serving in an influential capacity within the company. He is recognized for his role in Investor Relations, where he is responsible for communicating the company's financial performance and strategy to investors, analysts, and other stakeholders. His work involves managing the bank's relationships with the investment community, ensuring transparent and effective communication, and helping to support the company's market valuation. McEntire's career at Bank of America includes significant experience within the bank's finance, treasury, and strategic planning areas, reflecting his deep expertise in financial management and analysis. Through his work, he plays a vital role in supporting Bank of America's reputation and engagement with the financial markets.
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