BAC: BANK OF AMERICA CORPORATION Profile

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BANK OF AMERICA CORPORATION

BAC

Stock price

36.10 -0.61 -1.66%

as of 12:23 PM EDT on 05/16/2008 in USD (NYSE Delay: 20 mins.)
Extended Hours

— — —

Analyst Consensus

Hold
Analyst Consensus

Strong Buy

Buy

Hold

Sell

Strong Sell
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Discuss: BAC

BANK OF AMERICA CORPORATION Profile

Welcome to the machine. The second-largest bank in the US by assets (behind Citigroup), Bank of America boasts the country's most extensive branch network, with more than 6,100 locations covering some 30 states from coast to coast. Its core services include consumer and small business banking, credit cards, investment banking and brokerage, and asset management. In 2007 Bank of America bought U.S. Trust from Charles Schwab for more than $3 billion and acquired Chicago-based LaSalle Bank from Netherlands-based ABN AMRO for some $21 billion. Also that year the company made a $2 billion investment in Countrywide Financial, and in early 2008 agreed to buy the troubled company for some $4 billion in stock.

Kenneth D. Lewis: CEO

100 N. Tryon St., Bank of America Corporate Center

Charlotte, NC 28255

http://www.bankofamerica.com

Phone: 704-386-5681

Fax: 704-386-6699

Sector: Financial Industry: Banking

2007 Sales	2007 Sales Growth	2007 Net Income	2007 Employees
$124,321,000,000	6.2%	$14,982,000,000	210,000

Key Executives: BAC

Name	Title	Officer Since
Kenneth D. Lewis	CEO	1/1/99
Joe L. Price	CFO	-
Amy Woods Brinkley	Chief Risk Officer	-
Neil A. Cotty	Chief Accounting Officer	-
Liam E. McGee	Divisional President	-
Brian T. Moynihan	Divisional President	-
General Tommy R. Franks	Director	1/25/06
Gary L. Countryman	Director	4/1/04

View All Key Executives

Amy Woods Brinkley, age 52, Chief Risk Officer. Ms. Brinkley was named to her present position in April 2002. From July 2001 to April 2002, she served as Chairman, Credit Policy and Deputy Corporate Risk Management Executive; and from August 1999 to July 2001, she served as President, Consumer Products. She first became an officer in 1979. She also serves as Chief Risk Officer and a director of Bank of America, N.A., FIA Card Services, N.A.,... View Full Profile

Amy Woods Brinkley

Liam E. McGee, age 53, President, Global Consumer and Small Business Banking. Mr. McGee was named to his present position in August 2004. From August 2001 to August 2004, he served as President, Global Consumer Banking; from August 2000 to August 2001, he served as President, Bank of America California; and from August 1998 to August 2000, he served as President, Southern California Region. He first became an officer in 1990. He also serves as... View Full Profile

Liam E. McGee

Brian T. Moynihan, age 48, President, Global Corporate and Investment Banking. Mr. Moynihan was named to his present position in October 2007. From April 2004 to October 2007, he served as President, Global Wealth and Investment Management. Previously he held the following positions at FleetBoston Financial Corporation: from 1999 to April 2004, he served as Executive Vice President with responsibility for Brokerage and Wealth Management from... View Full Profile

Brian T. Moynihan

TOMMY R. FRANKS (62), Retired General, United States Army, Roosevelt, Oklahoma. General Franks has operated Franks & Associates, LLC, a private consulting firm, since 2003. He served in the United States Army from 1965 to 2003. In August 2003, he retired as a four star general. He has been a director of the Corporation since January 2006.... View Full Profile

General Tommy R. Franks

TOMMY R. FRANKS (62), Retired General, United States Army, Roosevelt, Oklahoma. General Franks has operated Franks & Associates, LLC, a private consulting firm, since 2003. He served in the United States Army from 1965 to 2003. In August 2003, he retired as a four star general. He has been a director of the Corporation since January 2006.... View Full Profile

Neil A. Cotty

Joe L. Price, age 47, Chief Financial Officer. Mr. Price was named to his present position in January 2007. From June 2003 to December 2006, he served as GCIB Risk Management Executive; from July 2002 to May 2003 he served as Senior Vice President Corporate Strategy and President, Consumer Special Assets; from November 1999 to July 2002 he served as President, Consumer Finance; from August 1997 to October 1999 he served as Corporate Risk... View Full Profile

Joe L. Price

GARY L. COUNTRYMAN (68), Chairman Emeritus and Director, Liberty Mutual Group, Boston, Massachusetts, an international and property and casualty insurance company. He served as Chairman of Liberty Mutual Group from 1986 to 2000. He also served as Chief Executive Officer from 1986 to 1998. He has been a director of the Corporation since April 2004 and is a member of the Executive Committee. He also serves as a trustee of NSTAR and a director of... View Full Profile

Gary L. Countryman

JOHN T. COLLINS (61), Chief Executive Officer, The Collins Group, Inc., Boston, Massachusetts, a venture capital, private equity investments and management firm. He has been in his present position since 1995. He has been a director of the Corporation since April 2004.... View Full Profile

John T. Collins

WILLIAM BARNET, III (65), Chairman, President and Chief Executive Officer, The Barnet Company, Spartanburg, South Carolina, a real estate and other investments firm. He has been in his present position since 2001 and has been President of Barnet Development Corporation, a real estate investment firm, since 1990. He has also served as Chairman of William Barnet & Son, LLC, a synthetic fiber processing company, from 2001 to 2006, and served as... View Full Profile

William Barnet, III

KENNETH D. LEWIS (60), Chairman, Chief Executive Officer and President, Bank of America Corporation, Charlotte, North Carolina. He has served as Chief Executive Officer since April 2001, President since July 2004 and Chairman since February 2005. He previously served as Chairman from April 2001 to April 2004 and President from January 1999 to April 2004. He also served as Chief Operating Officer from October 1999 to April 2001. He also serves as... View Full Profile

Kenneth D. Lewis

O. TEMPLE SLOAN, JR. (69), Chairman and Chief Executive Officer, General Parts International, Inc., Raleigh, North Carolina, a distributor of automotive replacement parts. He has been a director of the Corporation since 1996. He is the Corporation's Lead Director and is chairman of the Compensation and Benefits and Executive Committees and a member of the Corporate Governance Committee. He also serves as Chairman of the Board of Highwoods... View Full Profile

O. Temple Sloan, Jr.

PATRICIA E. MITCHELL (65), President and Chief Executive Officer, The Paley Center for Media, New York, New York. She has served in her present position since March 2006. Prior to that time, she had served as President and Chief Executive Officer of Public Broadcasting Service from March 2000 to March 2006. She also has served as President of CNN Productions and Time Inc. Television, a division of Time Warner, Inc. She has been a director of the... View Full Profile

Patricia E. Mitchell

FRANK P. BRAMBLE, SR. (59), Former Executive Officer, MBNA Corporation, Wilmington, Delaware. He served as an advisor to the Executive Committee of MBNA Corporation, a financial services company, from April 2005 to December 2005 when it was acquired by the Corporation. Prior to that time, he had served as Vice Chairman of MBNA from July 2002 to April 2005. He also served as a director of Allfirst Financial, Inc. and Allfirst Bank from April 1994... View Full Profile

Frank P. Bramble, Sr.

CHARLES K. GIFFORD (65), Former Chairman, Bank of America Corporation, Charlotte, North Carolina. He served as Chairman of the Corporation from April 2004 until January 2005. Prior to that time, he had served as Chairman and Chief Executive Officer of FleetBoston since 2002. He also served as President and Chief Executive Officer of FleetBoston from 2001 to 2002 and President and Chief Operating Officer from 1999 to 2001. He has been a director... View Full Profile

Charles K. Gifford

THOMAS J. MAY (60), Chairman, President, Chief Executive Officer and Trustee, NSTAR, Boston, Massachusetts, an energy utility company. He has served as President of NSTAR and its subsidiaries since 2002 and as Chairman, Chief Executive Officer and Trustee since 1999. He has been a director of the Corporation since April 2004.... View Full Profile

Thomas J. May

MONICA C. LOZANO (51), Publisher and Chief Executive Officer, La Opinion, Los Angeles, California, the largest Spanish-language newspaper in the United States. She has been in her present position since January 2004. In addition, she has served as Senior Vice President of ImpreMedia, LLC, the parent of La Opinion, since January 2004. From 2000 to 2004, Ms. Lozano served as President and Chief Operating Officer of Lozano Enterprises. She also... View Full Profile

Monica C. Lozano

THOMAS M. RYAN (55), Chairman, President and Chief Executive Officer, CVS/Caremark Corporation, Woonsocket, Rhode Island, an integrated provider of pharmacy and related healthcare services. He has served as President and Chief Executive Officer since May 1998 and as Chairman since April 1999. He has been a director of the Corporation since April 2004 and is chairman of the Corporate Governance Committee and a member of the Compensation and... View Full Profile

Thomas M. Ryan

ROBERT L. TILLMAN (64), Former Chairman and CEO Emeritus, Lowe's Companies, Inc., Mooresville, North Carolina, a home improvement retailer. He served as Chairman and Chief Executive Officer of Lowe's Companies, Inc. from January 1998 until January 2005. He has been a director of the Corporation since April 2005.... View Full Profile

Robert L. Tillman

JACKIE M. WARD (69), Retired Chairman/CEO, Computer Generation, Inc., Atlanta, Georgia, a telecommunications software company. She served as Chairman of Computer Generation Inc., from May 2000 to December 2000 and as Chairman, President and Chief Executive Officer from October 1968 to May 2000. She has been a director of the Corporation since 1994 and is chairman of the Asset Quality Committee. She also serves as a director of Equifax, Inc.,... View Full Profile

Jackie M. Ward

Barbara J. Desoer, age 55, Global Technology and Operations Executive. Ms. Desoer was named to her present position in August 2004. From July 2001 to August 2004, she served as President, Consumer Products; and from September 1999 to July 2001, she served as Director of Marketing. She first became an officer in 1977. She also serves as Global Technology and Operations Executive and a director of Bank of America, N.A., FIA Card Services, N.A.,... View Full Profile

Barbara J. Desoer

MEREDITH R. SPANGLER (70), Trustee and Board Member, Charlotte, North Carolina. She is a director of C. D. Spangler Construction Company and Chairman of the Board of the C. D. Spangler Foundation. She served on the Wellesley College Board of Trustees from 1989 to June 2007. She has been a director of the Corporation since 1988.... View Full Profile

Meredith R. Spangler

MEREDITH R. SPANGLER (70), Trustee and Board Member, Charlotte, North Carolina. She is a director of C. D. Spangler Construction Company and Chairman of the Board of the C. D. Spangler Foundation. She served on the Wellesley College Board of Trustees from 1989 to June 2007. She has been a director of the Corporation since 1988.... View Full Profile

R. Eugene Taylor

WALTER E. MASSEY (69), President Emeritus, Morehouse College, Atlanta, Georgia. He served as President of Morehouse College from August 1995 to June 2007. He has been a director of the Corporation since 1998 and is a member of the Audit Committee. He also serves as a director of BP p.l.c., Delta Air Lines, Incorporated and McDonald's Corporation.... View Full Profile

Walter E. Massey

Keith T. Banks, 52, President, Global Wealth and Investment Management. Mr. Banks was named to his present position in October 2007. From August 2000 to April 2004, he served as Chief Executive Officer and Chief Investment Officer of FleetBoston Financial Corporation's asset management organization; and from April 2004 to October 2007, he served as President and Chief Investment Officer of Columbia Management, Bank of America's asset management... View Full Profile

Keith T. Banks

Top Competitors: BAC

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Insider Trends: BAC
Sentiment for BAC is POSITIVE
- 0M
- 2M
- 4M
- 6M
- Market Value of Insider Sales
- Market Value of Insider Purchases
Total dollar value of all insider purchases and sales over 12 months
View All Insider Sentiment

Insider Transactions: BAC

Date	Name	Shares	Transaction Type	Market Value
05/02/08	BARNET WILLIAM III	11,000	Purchase	$445,255.00
04/23/08	SLOAN O TEMPLE JR	4,340	Award of Stock Options	$159,972.40
04/23/08	BARNET WILLIAM III	4,340	Award of Stock Options	$159,972.40

View All Insider Activity

Ownership Breakdown : BAC

Large Block Holder Type	Number
Institutions	1,823.00
Mutual Fund	3,415.00
Other Major	26.00

Full Details

Indices : BAC

Symbol	Name	Last Trade	Change
$RUI.X	Russell 1000 Index	776.86	-2.26 -0.29%
$INX	S&P 500 Index	1,419.65	-3.92 -0.28%
$OEX	S&P 100 Index	650.08	-2.30 -0.35%
$INDU	Dow Jones Industrial Average Index	12,937.21	-55.45 -0.43%
—	Fortune 500 Industrial Index	—	——%