Company Information

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Address: BANK OF AMERICA CORPORATE CENTER
100 N TRYON ST 
City: CHARLOTTE 
State: NC 
Zip Code: 28255 
Telephone: 704-386-8486 


Description of Business


Primary SIC Code: 6021
(As filed with the SEC)  

Bank of America Corporation ("Bank of America" or the "Corporation") is a Delaware corporation, a bank holding company and a financial holding company under the Gramm-Leach-Bliley Act. Our principal executive offices are located in the Bank of America Corporate Center, Charlotte, North Carolina 28255. Through our banking subsidiaries (the "Banks") and various nonbanking subsidiaries throughout the United States and in selected international markets, we provide a diversified range of banking and nonbanking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking and Global Wealth and Investment Management. We currently operate in 32 states, the District of Columbia and more than 30 foreign countries. The Bank of America footprint covers more than 82 percent of the U.S. population and 44 percent of the country's wealthy households.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20081.150.64030.43
06/20081.810.64013.19
03/20082.370.64016.00
12/20073.300.64012.50
09/20074.510.64011.15
06/20074.890.56010.00
03/20074.790.56010.65
12/20064.700.56011.36

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2007 Leverage 2007
Net Inc/Comm Equity0.25Total Liab/Total Assets0.91
Net Inc/Total Assets0.01Total Liab/Inv Cap1.20
Net Inc/Inv Cap0.01Total Liab/Comm Equity26.01
Pretax Inc/Net Sales0.17Interest Coverage Ratio1.60
Net Inc/Net Sales0.12Curr Debt/Equity2.81
Cash Flow/Net Sales0.09LTD/Equity1.50
SG&A/NetSales0.28Total Debt/Equity4.31
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E11.06  

Income Statement (Millions)

  6/30/2008 3/31/2008 12/31/2007 9/30/2007
Total Revenues(Net Sales) 29,291.00 31,441.00 32,118.00 29,347.00
Cost of Goods Sold 3,520.00 4,588.00 5,253.00 4,545.00
Selling & Admin Exps 8,905.00 8,579.00 9,670.00 8,030.00
Operating Income 10,807.00 9,078.00 8,147.00 14,229.00
Interest Exp 5,886.00 7,280.00 9,062.00 8,873.00
Pretax Income 4,921.00 1,798.00 -915.00 4,996.00
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 3,410.00 1,210.00 268.00 3,698.00

Balance Sheet (Millions)

Assets 6/30/2008 3/31/2008 12/31/2007 9/30/2007
Cash & Short Term Investments 321,683.00 335,301.00 345,920.00 358,300.00
Receivables - Total NA NA NA NA
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 11,627.00 11,297.00 11,240.00 9,762.00
Total Assets 1,716,875.00 1,736,502.00 1,715,746.00 1,578,763.00
Liabilities        
Accounts Payable 55,038.00 64,528.00 53,969.00 48,932.00
Debt in Current Liabilities 415,876.00 410,594.00 412,524.00 400,448.00
Total Current Liabilities NA NA NA NA
Long-Term Debt 227,700.00 231,970.00 219,931.00 204,496.00
Total Liabilities 1,554,184.00 1,580,193.00 1,568,943.00 1,440,253.00
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 24,151.00 17,306.00 4,409.00 3,401.00
Common Stock 61,109.00 61,080.00 60,328.00 60,276.00
Retained Earnings 79,920.00 79,554.00 81,393.00 84,027.00
Treasury Stock NA NA NA NA
Total Stockholders' Equity 162,691.00 156,309.00 146,803.00 138,510.00
Total Liabilities and Stockholders' Equity 1,716,875.00 1,736,502.00 1,715,746.00 1,578,763.00

Cash Flow Summary (Millions)

Categories 6/30/2008 3/31/2008 12/31/2007 9/30/2007
Net Cash Provided by Operating Activities 15,030.00 -3,832.00 12,228.00 1,529.00
Net Cash Provided by Investing Activities -19,726.00 1,803.00 -36,977.00 -23,005.00
Net Cash Provided by Financing Activities 3,341.00 22.00 32,300.00 20,872.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/200349,006.0010,810.003.56
12/200463,324.0014,143.003.69
12/200583,980.0016,465.004.04
12/2006117,017.0021,133.004.70
12/2007124,321.0014,982.003.30
Growth Rates26.208.50-1.88

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/0815112,775,23555.31




Report Date : 11/11/2008

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