Bank of America

Bank of America

Provides banking and financial services globally

About Bank of America

Simplify's Rating
Why Bank of America is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Overview

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. and is recognized as a leading wealth management firm. Additionally, Bank of America is a major player in corporate and investment banking and trading. What sets Bank of America apart from its competitors is its extensive client base and comprehensive service offerings that cater to various financial needs. The company's goal is to help clients achieve their financial objectives through a diverse array of financial solutions.

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Simplify's Take

What believers are saying

  • Increased demand for digital banking boosts Bank of America's online service offerings.
  • Growing interest in sustainable finance aligns with Bank of America's ESG strategies.
  • Fintech partnerships enhance Bank of America's service offerings and customer experience.

What critics are saying

  • Increased competition in credit facilities may impact Bank of America's market share.
  • Uber partnership exposes Bank of America to risks from Uber's volatile business model.
  • Boeing's financial instability could affect Bank of America's loan repayment security.

What makes Bank of America unique

  • Bank of America is a global leader in corporate and investment banking.
  • It serves approximately 56 million U.S. consumer and small business relationships.
  • The bank is a leading wealth management company with diverse financial services.

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Funding

Total Funding

$0

Below

Industry Average

Funded Over

1 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Flexible Work Hours

Remote Work Options

Professional Development Budget

Conference Attendance Budget

Company News

GlobeNewswire
Feb 18th, 2025
FreightCar America, Inc. Announces New $35 Million Asset-Based Lending Credit Facility

Expanded credit facility enhances borrowing capacity and reduces cost of capitalFurther enhances financial flexibility and ability to support growth...

Business Wire
Feb 15th, 2025
Sarepta Therapeutics Announces Inaugural $600 Million Senior Secured Revolving Credit Facility

Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, announced today that it has closed on a $600 mil

Pulse 2.0
Dec 22nd, 2024
CareTrust REIT: Unsecured Revolver Doubled To $1.2 Billion

CareTrust REIT announced that it has renewed and doubled its unsecured revolving credit facility to $1.2 billion. The bank group consisted of Joint Lead Arranger/Administrative Agent KeyBanc Capital Markets, and Joint Lead Arrangers/Syndication Agents: BMO Capital Markets., JPMorgan Chase Bank, Bank of America, Wells Fargo Securities, and Co-Documentation Agents: The Huntington National Bank, Raymond James Bank, M&T Bank, Morgan Stanley Bank, and Royal Bank of Canada.

Sonnedix
Dec 19th, 2024
Sonnedix secures EUR3.25 billion in record refinancings to scale its European portfolio

London, UK – Sonnedix, a global renewable energy producer with over 3.5 GW of operating capacity, has secured EUR3.25 billion...

Business Wire
Dec 18th, 2024
Apex Clean Energy Closes Financing for 300 MW Prosperity Wind

Apex Clean Energy today announced the financing of the 300 MW Prosperity Wind facility, following the execution of tax equity commitments from lead in

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