Bank of America Corp. is the largest financial holding in the USA in terms of assets, represented in all the states and in 40 other countries. It accounts for more than 10% of all American bank deposits. The holding specializes in private wealth management and providing of commercial and investment banking services. To meet the needs of private customers and small businesses, 4,600 offices and almost 16 thousand ATMs providing services for 46 million users operate in the USA. For large-scale private clients, a subsidiary company MerrillLynch has been established, and Merrill LynchWealth Management - for investment banking. The company was founded at the beginning of the XX century just like the Bank of Italy, and in 2017, had the revenue of $87 billion and the net profit of $18.2 billion. In terms of these indicators, it is second only to JPMorgan Chase. The stocks of Bank of America are traded on the New York Stock Exchange. Its market capitalization is estimated at $313 billion – as for the beginning of 2018, it was the 13th largest in the world. Analysts give a high rating to the quality of banking products offered by the holding. Noteworthy is an ability of the Bank of America to endure financial crises. Thus, the global crisis of 2008 that broke out in the US not without the holding's participation, produced no significant impact on its welfare. Moreover, in 2018, Bank of America was top-ranked as the world's best bank, according to the authoritative British financial magazine Euromoney Institutional Investor.
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