Keyword Analysis & Research: changescape bank of america

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Frequently Asked Questions

What is Bank of America’s market cap?

, Bank of America has a $313.5 billion market capitalization, making it the 13th largest company in the world. As the sixth largest American public company, it garnered $102.98 billion in sales as of June 2018 . Bank of America was ranked #25 on the 2020 Fortune 500 rankings of the largest US corporations by total revenue.

What happened to bank of America Corporation?

After suffering a significant loss after the 1998 Russian bond default, BankAmerica, as it was then known, was acquired by the Charlotte-based NationsBank for US$ 62 billion. Following what was then the largest bank acquisition in history, the Bank of America Corporation was founded.

Is Bank of America expanding into a new market?

"Bank of America is expanding into a new U.S. market". Charlotte Observer. Archived from the original on November 11, 2018. Retrieved November 11, 2018. ^ "Bank of America, the nation's second biggest bank, expanding in Pittsburgh region". Pittsburgh Post-Gazette.

What is Bank of America’s new strategy?

As part of its new strategy Bank of America is focused on growing its mobile banking platform. As of 2014 , Bank of America has 31 million active online users and 16 million mobile users. Its retail banking branches have decreased to 4,900 as a result of increased mobile banking use and a decline in customer branch visits.

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