Bank of America is one of the world's largest financial institutions providing a wide range of banking and financial services to individuals, small and middle-market businesses and large corporations. The company currently operates in all 50 U.S. states and its retail banking footprint covers more than 80% of the U.S. population. In addition, Bank of America has banking operations in more than 40 non-U.S. countries around the globe. The company acquired Merrill Lynch at the height of the U.S. financial crisis in 2008. Bank of America is a component of both the S&P 500 and the Dow Jones Industrial Average.
Key Products & Services:
Checking & savings accounts, mone market accounts, certificate of deposits, Global Card Services and other Investment-related services.
Target Investor:
Style:
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Risk:
| Key Statistics | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
|---|---|---|---|---|---|---|
| Revenue ($ billions) | $85.1 | $115.7 | $119.2 | $113.1 | $150.5 | $134.2 |
| EPS | $4.04 | $4.59 | $3.30 | $0.55 | ($0.29) | ($0.37) |
| Dividend | $1.90 | $2.12 | $2.40 | $2.24 | $0.04 | $0.04 |
DRIP Plan Summary:
Shares Needed to Qualify: 1
Minimum Additional Investment: $50
Maximum Additional Investment: $120,000/year
Additional Purchase Discount: None
Purchase Trading Fee: Company paid
Dividend Reinvestment Trading Fee: Company paid
Dividend Reinvestment Service Fee: Company paid
Plan Prospectus
Investor Contact Information:
Transfer Agent: Computershare Trust Company, NA
Mail:
Computershare CIP
c/o Computershare Investor Services
P.O. Box 43078
Providence, RI 02940
Phone: 800-642-9855
IR website: http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-irhome
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