Bank of America Corporation

One of America's largest banks, serving consumers, businesses and investors

What Bank of America does

Bank of America is a big bank that holds people's savings and checking accounts, issues credit and debit cards, and makes mortgages and other loans. It also manages money for wealthy clients and helps companies and governments borrow, raise capital and trade securities around the world.

How Bank of America makes money

It earns interest income by lending out deposits at higher rates than it pays savers, plus fees from cards, wealth and asset management, investment banking advisory and underwriting, and trading and market-making for institutional clients.

Products & services

• Consumer checking, savings and CDs
• Credit and debit cards
• Residential mortgages and home equity loans
• Wealth management and brokerage
• Commercial lending and treasury solutions
• Investment banking, trading and custody services