Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.
This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Before acting on any information in this material, you should consider whether it is suitable for your particular circ*mstances and, if necessary, seek professional advice. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.
Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsem*nt. These materials are for informational purposes only. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies.
"Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.
Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), a licensed insurance agency and wholly-owned subsidiary of BofA Corp.
Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp.
The mobile feature, Erica®, is only available in the English language. The feature requires that you download the latest version of the Mobile Banking app and is only available in the Mobile Banking app for select iOS and Android devices. Message and data rates may apply. Your chat may be recorded and monitored for quality assurance. Member FDIC.
Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:
| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
| Are Not Deposits | Are Not Insured by Any Governmental Agency | Are Not a Condition to Any Banking Service or Activity |
Company goals are aspirational and not guarantees or promises that all goals will be met. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards.
FAQs
A line of business (LOB) is a product or service a company offers to serve a specific customer need. A bank, for example, provides LOBs to serve consumers' financial needs, such as loans, overdrafts, and mortgages for companies of all sizes and individuals who require capital.
How many lines of business does Bank of America have? ›
Our management team leads our company's work to drive responsible growth and deliver for our clients, communities and shareholders. It is comprised of leaders for each area of our organization, the heads of our eight lines of business, and key leadership roles for our international and institutional client base.
What is Bank of America's mission statement? ›
To help make financial lives better by connecting clients and communities to the resource they need to be successful.
Why BofA interview question? ›
Why do you want to work at Bank of America? Hint: You should focus on personal preferences for Bank of America, their vision, culture, working environment, portfolio, etc. You should simply focus on something that distinguishes them from other competitors, something that interviewers should be proud of.
What is your line of business answer? ›
Line of business (LOB) is a general term that describes the related product or services a business or manufacturer offers. A company that manufactures solid-state disk drives, for example, might claim its LOB is data storage. An LOB serves a particular business need or a particular customer transaction.
What is your main line of business? ›
Line Of Business - What is your main line of business? The term 'main line of business' typically refers to a company's primary revenue-generating activity or source of income.
What is Amazon's mission statement? ›
Amazon's mission is to be Earth's most customer-centric company. This is what unites Amazonians across teams and geographies as we are all striving to delight our customers and make their lives easier, one innovative product, service, and idea at a time.
What is Wells Fargo's slogan? ›
The “This is Wells Fargo” campaign was developed with BBDO-San Francisco, Wells Fargo's agency of record since March 2014. About Wells Fargo. Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets.
What is the mission statement of JP Morgan? ›
Our mission is to be the best financial services company in the world. J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
Why should we hire you in a bank answer? ›
Example: “I feel that a career in the financial industry would be the most beneficial use of my knowledge and skills in accounting and problem-solving. I have always been fascinated by the financial world, am ambitious and hard-working and can bring great value to your company.”
STAR stands for Situation, Task, Action and Result and it's a technique you can use to not only strengthen your answers but create a narrative and structure as well. We recommend the STAR interview method to candidates who want to tailor direct and concise answers to impress interviewers.
How to pass a bank interview? ›
During the interview, be prepared to provide specific examples from your previous experience that demonstrate your skills and suitability for the role. Show enthusiasm, professionalism, and a strong work ethic. And also, don't neglect your appearance because you never get a second chance to make a first impression.
What is considered a line of business? ›
Line of business (or LOB) is a generic term that refers to the industry that a company services. It describes the product or service that is provided by a company so that the business can be categorized into a more specific area.
What is a main business line? ›
Main Description. A Business Line typically refers to the main sub-structures within the enterprise's organization based upon the goods or services provided to external customers, such as “car manufacturing” and “toaster manufacturing”.
How do you write a business line? ›
How to write a business plan in 9 steps
- Draft an executive summary.
- Write a company description.
- Perform a market analysis.
- Outline the management and organization.
- List your products and services.
- Perform customer segmentation.
- Define a marketing plan.
- Provide a logistics and operations plan.
A business line of credit is a revolving form of small business funding that only charges interest on the amount you use. Whereas a term loan offers a lump sum upfront with a fixed repayment schedule, a business line of credit allows you to withdraw funds as needed.
