Bank of America Corporation (#BAC) Stock Price, Live Chart & Analysis | Trade #BAC

Interesting facts about the #BAC (Bank of America Corporation)

Bank of America consists of the following divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets, and All Others.

In efforts to streamline the Corporation's organizational structure and reduce complexity and costs, the Bank intends to continue to lower the number of its subsidiaries, including through intercompany mergers.

Currently, the Bank has several hundred departments. The company is focusing on reducing the impact of the COVID-19 felt in 2020-2021, which caused volatility in its stock prices and disruptions on global financial markets. As a response to the pandemic, it has implemented specific processes to fulfill its business continuity plans, as well as to protect its employees and support its customers.

Bank of America works in highly competitive conditions. Competition is based on distinct factors, including quality and range of products and services, price, credit limitations, and customer satisfaction. The ability to compete greatly depends on the Bank's ability to attract and retain qualified employees.

To improve the quality of the management of the company, its founder Amadeo Giannini concentrated attention on the middle class and chose average workers as a target group. A new approach was implemented into the banking system to achieve a wide audience coverage. A network was developed, with departments located conveniently, and working hours were extended to ensure that banking operations became more accessible to ordinary customers.

On the New York Stock Exchange, shares are listed under the "BAC" ticker. According to the most recent financial accounting, on January 19, 2022, Bank of America recorded full-year net income of $32.0B on revenue of $89.1B; repurchased $25.1B of common stock and paid $6.6B in common dividends.

Bank Of America shares reached an all-time high of $54.90 on November 20, 2006. Despite the fact that the stock price is quite low, the shares are included in the S&P 100 and S&P 500 indices.