Bank of America & BofA Securities: Our Businesses, Capabilities & Regions (2024)

FAQs

What does Bank of America Securities do? ›

BofA Securities, Inc. operates as a brokerage firm. The Company offers buying and selling of securities including stocks, bonds, mutual funds, and certain other investment products, as well as provides strategic advice, working capital, transaction, and fraud and cyber security solutions.

BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill, the stock brokerage and trading platform subsidiary of Bank of America. Merrill Lynch & Co.

Bank of America Corporation affiliates include all entities that utilize the Bank of America, Banc of America, Bank of America Private Bank, U.S. Trust, Merrill and BofA Securities brand names.

Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.

Securities services are a range of specialized financial services that provide custody, investment administration, and trustee services to investors and clients. Custody services involve holding and safeguarding your securities on your behalf in a secure and segregated account.

About Securities America

Securities America Advisors, Inc., an SEC Registered Investment Advisory firm.

Following the passage of the Bank Holding Company Act of 1956 by the US Congress, BankAmerica Corporation was established for the purpose of owning and operating Bank of America and its subsidiaries.

Bank of America is still called Bank of America, and the company's full name is Bank of America Corporation. The modern Bank of America Corporation was formed when BankAmerica was acquired by Nations Bank in 1998, though parts of the company date back over 200 years.

Bank of America Merrill Lynch is Now Bank of America & BofA Securities. U.S. companies with up to $5 million in revenue. U.S. companies with $5 million to $50 million in revenue. Multinational companies with $50 million to $2 billion in revenue.

Is Bank of America Partly Owned by China? No, Bank of America is not partly owned by China. It is an American bank.

What family owns Bank of America? ›

Bank of America is one of the largest consumer banks in the United States, with $3 trillion in customer deposits and other assets. The largest shareholder is Warren Buffett's Berkshire Hathaway, which holds 13% of all marketable shares.

In a little more than a decade, his company defies conventional wisdom by opening nearly 100 branches, offering 24-hour quotes, and even exploring online services. The company becomes "America's Largest Discount Broker," and later a subsidiary of Bank of America.

Berkshire Hathaway Inc. owns the most shares of Bank of America (BAC).

Bank of America's Financial Health

Its financial health is crucial to the stability of the US banking system. In recent years, Bank of America's financial performance has been relatively stable. In 2022, the bank reported a net income of $20.4 billion, a decrease from the previous year's $27.4 billion.

For a period of time in 2009 the US Government took over ownership of U.S. Bancorp (the publicly traded company that owns Bank of America) but Bank of America is not a US Government entity - it's a private bank headquartered out of Charlotte, North Carolina.

They make money from what they call the spread, or the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make. They earn interest on the securities they hold.

Securities America, Inc. (“Broker-Dealer”) offers a range of investments and services to its clients. Securities America Advisors, Inc. and Arbor Point Advisors, LLC are affiliates of Broker-Dealer and registered separately as an investment advisers (“RIA”).

Investment securities provide banks with the advantage of liquidity, in addition to the profits from realized capital gains when these are sold. If they are investment-grade, these investment securities are often able to help banks meet their pledge requirements for government deposits.

We provide strong advisory expertise, capitalizing on powerful mergers and acquisitions, corporate banking, treasury, debt and equity product expertise to deliver integrated financial solutions.