What does Bank of America do?

Bank of America Corporation is a leading multinational financial institution and investment bank based in Charlotte, North Carolina, with additional headquarters in Manhattan. Founded in 1904 as the Bank of Italy, it has grown through various mergers into a global financial powerhouse. The company has a rich history of innovation, including the introduction of the first general-purpose revolving credit card in 1958. Bank of America provides a wide range of financial services. These include consumer and commercial banking, wealth management, investment banking, and risk management services. It serves nearly 70 million clients in the U.S., including individuals, small businesses, large corporations, and government entities. The company operates approximately 3,600 retail financial centers and around 15,000 ATMs, catering to a diverse clientele with award-winning digital banking tools. Bank of America is committed to responsible growth, focusing on stability and community support.