Company: Bank of America Corp. (BAC)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America’s consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company’s Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused. -Morningstar.com-
Symbol: BAC
Recent Price: $37.22
Dividends: $0.96
Yield: 2.58%
Sector: Financial Services
Industry: Banks-Diversified
Address & Company Phone #: 101 South Tryon St. Charlotte NC 28255, 704-386-5681
Transfer Agent: Computershare 800-642-9855
Moody’s Rating: A2
Minimum & Maximum Investment: $50 – $120,000/year
Investment Dates: Every 7 days beginning varies
Shares to Qualify: 1 Share or $1000
Fees: Div.: $0 Cash: $0 Cert: $0 Sells: by Mail or Phone for $25+12¢/sh.
52 Week High & Low: $40.34, $24.96