Bank of America (BAC) is a financial organization that caters to a wide range of consumers, including individuals, small- and mid-sized enterprises, institutional investors, the government, and corporations. It offers a wide range of financial and risk management products and services, including banking, investing, asset management, and other financial and risk management services. BAC is headquartered in Charlotte, N.C.
In its most recent earnings report, the bank reported a 10% year-over-year rise in loans and leases, totaling $974 billion, excluding Paycheck Protection Program loans. Global markets saw the most significant increase in loan balances, up more than 40%, followed by wealth and investment management, up 12%.
