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Executive SummaryBank of America BAC is one of the worlds largest financial institutions serving individual consumer small-and middle market business institutional investors large corporations and governments with a full range of banking investing asset management and other financial and risk management products and service As of 2010 Bank of America is the 5th largest company in the United States by total revenue as well as the second largest non-oil company in the US after Wal-Mart In 2010 Forbes listed Bank of America as the 3rd best largest company in the world The banks 2008 acquisition of Merill Lynch made Bank of America the worlds largest wealth manager and a major player in the investment banking industryBased on bank of Americas annual report as of December 31 2012 Bank of America operates in all 50 states including the District of Columbia and more than 40 countries It footprint covers approximately 80 percent of the US population and serves more than 53 Million consumer and small business clients with 5500 banking centers 16300 ATMs nationwide call centers and leading online and mobile banking platforms Financial AnalysisBank of America Corporation Bank of America is a bank holding company and a financial holding company Bank of America is a financial institution serving individual consumers small and middle market businesses corporations and Governments with a range of banking investing asset management and other financial and risk management products and services Through its banking and various nonbanking subsidiaries throughout the United States and in international markets the Company provides a range of banking and nonbanking financial services and products through five business segments Consumer Business Banking CBB Consumer Real Estate Services CRES Global Banking Global Markets and Global Wealth Investment Management GWIM with the remaining operations recorded in all Other NewyorktimesBAC is the second largest US based financial holding company with global asset of 22 trillion as of December 31 2012 In the year of 2010
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