April 23, 2024

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Bank of America

BoA is a multinational American investment bank and financial services holding company headquartered in Charlotte, North Carolina. The bank was founded in San Francisco and acquired by NationsBank of Charlotte in 1998. In terms of market capitalization, it is the second-largest banking institution in the United States, after JPMorgan Chase. The Bank of America is one of the Big Four American banks. It serves approximately 10.73% of all American bank deposits, competing with JPMorgan Chase, Citigroup, and Wells Fargo. The company’s primary financial services include commercial banking, wealth management, and investment banking.

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