Bank of America & BofA Securities: Our Businesses, Capabilities & Regions (2024)

Small Business

For entrepreneurs and companies with less than $5 million in revenue

We provide banking, credit, cash management and merchant services to entrepreneurs and companies with revenues under $5 million. Our focus is to bring leading insights, tailored solutions and innovative digital tools along with dedicated support from locally based specialists. Learn more

Business Banking

For companies with $5 million to $50 million in revenue

We provide advisory and banking services for credit, treasury, trade, foreign exchange, equipment finance and merchant services to more than 21,000 U.S. companies with revenues of $5 million to $50 million. Our focus is to bring clients the full capabilities of the company through our locally based client relationship teams. Learn more

Global Commercial Banking

For companies with $50 million to $2 billion in revenue

We provide treasury, lending, leasing, advisory, and debt and equity underwriting services to middle market companies with revenues of $50 million to $2 billion across all major industries. Our focus is to bring clients the full capabilities of the company paired with local service. Learn more

Global Corporate and Investment Banking

For corporations and institutions with $2 billion or more in revenue

We provide clients around the world and across all major industries with solutions for treasury services, lending, leasing, advisory, and debt and equity underwriting. Serves corporate clients with more than $2 billion in revenues, financial institutions and government agencies. Learn more

Global Markets

For clients looking to optimize trading performance and manage risk

We provide services across the world's debt, equity, commodity and foreign exchange markets to approximately 8,000 clients consisting of asset managers, hedge funds, pensions and insurance, corporates, governments and other financial institutions. Learn more

Global Research

For clients seeking best-in-class insights to make informed decisions

More than 700 professionals make up our award-winning research organization. From weekly economic and market updates to deep analysis of difficult societal issues and macro business trends, their objective, leading-edge reports enable clients to make smart investment decisions. Learn more

Bank of America & BofA Securities: Our Businesses, Capabilities & Regions (2024)


What does Bank of America Securities do? ›

BofA Securities, Inc. operates as a brokerage firm. The Company offers buying and selling of securities including stocks, bonds, mutual funds, and certain other investment products, as well as provides strategic advice, working capital, transaction, and fraud and cyber security solutions.

Is Bank of America an investment bank or commercial Bank? ›

Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.

Is Bank of America same as Bank of America Corporation? ›

Following the passage of the Bank Holding Company Act of 1956 by the US Congress, BankAmerica Corporation was established for the purpose of owning and operating Bank of America and its subsidiaries.

What are the business segments of Bank of America? ›

Bank of America's business segments include Consumer Banking, Global Wealth and Investment, Management, Global Banking, and Global Markets. The bank's Consumer Banking segment is generally the biggest driver of the bank's revenue stream.

What is securities services in a bank? ›

Securities services are a range of specialized financial services that provide custody, investment administration, and trustee services to investors and clients. Custody services involve holding and safeguarding your securities on your behalf in a secure and segregated account.

Who is Securities America affiliated with? ›

Securities America is a wealth management firm owned by Advisor Group Holdings, Inc. Your financial professional is affiliated with Securities America. The firm is regulated by FINRA and the SEC.

Who is the real owner of Bank of America? ›

Bank of America is one of the largest consumer banks in the United States, with over $3 trillion in assets. The largest shareholder is Berkshire Hathaway, along with fund managers like BlackRock and Vanguard.

What family owns Bank of America? ›

Bank of America is the second-largest financial institution in the U.S. Warren Buffett's Berkshire Hathaway is the largest BofA shareholder, with a stake of about 13%. Because Bank of America is publicly traded, anyone with a brokerage account can invest in the bank.

How financially secure is Bank of America? ›

It operates across much of the U.S. and its territories and offers financial services in more than 35 countries. As with most major banks, all deposits in Bank of America CD, checking and savings accounts are insured up to $250,000 per depositor through the Federal Deposit Insurance Corp. (FDIC).

Is Bank of America financially stable? ›

Its financial health is crucial to the stability of the US banking system. In recent years, Bank of America's financial performance has been relatively stable. In 2022, the bank reported a net income of $20.4 billion, a decrease from the previous year's $27.4 billion.

What is the legal name for BofA Securities? ›

BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America.

What is Bank of America now called? ›

Bank of America is still called Bank of America, and the company's full name is Bank of America Corporation. The modern Bank of America Corporation was formed when BankAmerica was acquired by Nations Bank in 1998, though parts of the company date back over 200 years.

What is Bank of America best known for? ›

Bank of America is one of the world's leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management and other financial and risk management products and services.

What was the old name of the Bank of America? ›

On November 1, 1930, the Bank of Italy in San Francisco changed its name to Bank of America. The bank today has the same national bank charter number as Giannini's old bank— #13044. When A.P.

Is Bank of America private or government? ›

No. The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City , London , Hong Kong , and Toronto .

How do banks make money from securities? ›

They make money from what they call the spread, or the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make. They earn interest on the securities they hold.

Why do banks have securities? ›

Banks invest in securities to promote earnings growth and liquidity. Investment securities provide liquidity because of their marketability. However, lightly traded or exotic securities (such as structured notes) may lose their marketability over time and become less liquid.

What does Bank of America investment banking do? ›

We provide strong advisory expertise, capitalizing on powerful mergers and acquisitions, corporate banking, treasury, debt and equity product expertise to deliver integrated financial solutions. Within a focused industry or product group, analysts help orchestrate capital raising and strategic advisory transactions.

Why do banks take securities? ›

Banks and other financial institutions can convert a batch of debts into marketable securities backed—securitized—by the original debts. Banks may securitize debt for several reasons including risk management, balance sheet issues, greater leverage of capital, and in order to profit from origination fees.

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