Last ¥1,639 JPY
Change Today -41.00 / -2.44%
Volume 2.0K
As of 1:31 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

bank of america corp (8648) Snapshot

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Day High
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52 Week High
01/20/14 - ¥1,830
52 Week Low
04/19/13 - ¥1,134
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for BANK OF AMERICA CORP (8648)

bank of america corp (8648) Details

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The company’s Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The company’s Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. Its Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company’s Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company was founded in 1874 and is based in Charlotte, North Carolina.

242,000 Employees
Last Reported Date: 02/25/14
Founded in 1874

bank of america corp (8648) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.5M
Chief Financial Officer
Total Annual Compensation: $5.3M
Head of Compliance & Regulatory Relations and...
Total Annual Compensation: $4.1M
Co-Chief Operating Officer
Total Annual Compensation: $6.8M
Co-Chief Operating Officer
Total Annual Compensation: $4.6M
Compensation as of Fiscal Year 2013.

bank of america corp (8648) Key Developments

Bank of America, Comptroller of the Currency and Consumer Financial Protection Bureau Reach Agreement Related to Credit Card Debt Cancellation and Identity Theft Protection Products

Bank of America announced that it has reached an agreement with the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) to resolve issues related to the marketing and sale of credit card debt cancellation products and billing of identity theft protection products, including those marketed and billed by its vendors. Bank of America stopped marketing identity theft protection products in December 2011 and credit card debt cancellation products in August 2012. As part of the agreement, Bank of America will pay fines totaling $45 million to the OCC and CFPB and refund approximately $738 million to affected customers. The company has already issued refund payments to the majority of affected customers.

Bank of America Corporation Announces Paying $772 Million over Selling Credit Card Extras

Bank of America Corp. announced that it is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive. The Consumer Financial Protection Bureau and the U.S. Office of the Comptroller of the Currency announced the agreement with the bank. It is the large settlement over credit card 'add-ons' won by federal regulators, who have been examining the marketing of the products by the financial industry for several years.

Bank of America to Close Three Foreign Offices and Eliminate About 3,000 Jobs over Next Nine to 12 Month

Bank of America announced that it will close three foreign offices and eliminate about 3,000 jobs over the next nine to 12 months in an effort to simplify its global operations. Offices that provide technological and operational support in San Jose, Costa Rica; Guadalajara, Mexico, and Taguig City, Philippines, will be shut down.All three centers were part of a nonbank subsidiary called BA Continuum that provided back-office, customer and technological support to divisions such as mortgage banking and insurance. BA Continuum maintains another location in India that will remain open.


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Industry Average

Valuation 8648 Industry Range
Price/Earnings 18.7x
Price/Sales 2.0x
Price/Book 0.8x
Price/Cash Flow 15.1x
TEV/Sales NM Not Meaningful

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