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Bank of America

Bank of America (NYSE: BAC) is a financial holding company headquartered in Charlotte, North Carolina. It operates many different business lines, including over 6,000 retail bank offices,18,500 ATMs, credit card, insurance, mortgage, and corporate and investment services.

Company Description

Established in 1874, Bank of America, or BofA as it is affectionately nicknamed, is one of the largest banks in the United States by market cap and by virtue of it's over 200,000 employees.

Warren Buffett is a commonly mentioned shareholder via Berkshire Hathaway.

In 2008, Bank of America acquired Merrill Lynch, the largest traditional stock broker. The merger was arranged to rescue Merrill which found itself short of liquidity during the subprime mortgage debacle.

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