Since December 31st, 2007, Bank of America Corp's market capitalization has increased from $135 Billion to $230 Billion at May 26th, 2023.
Bank of America Corp's market capitalization as of May 26th, 2023 of $230 Billion was higher than its peers in the Money Center Banks industry group of April 30th, 2023 of 8.29 Billion. From December 31st, 2007 to May 26th, 2023, Bank of America Corp's average market capitalization was 179 Billion compared to an industry average of 13.8 Billion.
Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The Legacy Assets and Servicing segment concerns mortgage servicing activities related to residential first mortgage and home equity loans serviced for others and loans held by the corporation. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.
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