Bank of America Corporation Financial | Money Center Banks | USA Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through approximately 4,600 financial centers, 15,900 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Management segment offers investment management, brokerage, banking, and retirement products, as well as wealth management and customized solutions. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.
Bank of America earnings: 46 cents per share, vs expected EPS of 43 cents EPS: 46 cents vs 43 cents expected by analysts polled by Thomson Reuters. Revenue: $22.829 billion vs $21.781 billion expected by Reuters. Net interest income: $11 billion vs $11.34 billion expected by StreetAccount. Fixed income trading: $2.254 billion vs $2.22 billion expected. Net charge-offs: $908 million vs $975.3 million expected. http://www.cnbc.com/2017/07/18/bank-of-america-q2-2017-earnings.html
