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

Headquarters

Charlotte, North Carolina

Founded

1904

Overview

Bank of America provides a wide range of financial services, including banking, investing, asset management, and risk management products. It caters to individuals, small and medium-sized businesses, and large corporations, serving around 56 million consumer and small business accounts in the U.S. The company's services include personal banking, credit cards, loans, and investment options. Bank of America stands out from its competitors by being a leading wealth management firm and a major player in corporate and investment banking. The goal of Bank of America is to help clients achieve their financial goals through comprehensive financial solutions.

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Simplify's Take

What believers are saying

  • Increased demand for digital banking enhances customer experience and operational efficiency.
  • Rise of ESG investing attracts environmentally conscious investors to new products.
  • AI integration in fraud detection enhances security and reduces financial losses.

What critics are saying

  • Competitors' expanded credit facilities may impact Bank of America's market share.
  • Involvement in large syndicated loans exposes the bank to higher financial risks.
  • Increased competition in structured products may challenge Bank of America's market position.

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 pioneer in wealth management and trading services.

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Funding

Total Funding

$487M

Above

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

Business Wire
Apr 18th, 2025
Luma Financial Technologies Announces the Closing of a $63 Million Series C Investment Led by Sixth Street Growth

Luma Financial Technologies (“Luma”), a global leader in structured products and insurance solutions, announced today that it has closed a $63 million Series...

Cision
Mar 14th, 2025
Loomis Signs A Five-Year Credit Facility Of Eur 415 Million

Loomis signs a five-year credit facility of EUR 415 million

The Asset
Feb 27th, 2025
Citigroup leads US$850 million debt syndicate for Danaos

New York-listed Danaos Corporation has signed a syndicated loan amounting to US$850 million for the financing of 14 containerships being built in Chinese yards.

GlobeNewswire
Feb 26th, 2025
FirstService Increases Credit Facility to US$1.75 Billion

TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService”) announced today that it has expanded and...

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...

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Bank of America is Hiring for 1419 Jobs on Simplify!

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