About Bank of America: Our Strategy, Mission & Vision (2024)

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.

About Bank of America: Our Strategy, Mission & Vision (2024)

FAQs

What is the Bank of America mission and vision statement? ›

We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth.

What is the vision and mission of United Bank? ›

The United Bank Mission

Maximize UB shareholders' value through satisfying clients' financial needs. Capitalize on UB unique products and services, Shariaa compliant, digital banking solutions, and operational excellence. We deeply believe in investing in human capital development.

What is the strategy of Bank of America? ›

We are delivering on our purpose to help make financial lives better through our focus on responsible growth. Our commitment to responsible growth is resolute, and has four tenets: We have to grow — no excuses. We have to be client focused.

What is Bank of America strategy Program? ›

The Strategy and Management Program is our elite, two-year development program that prepares teammates to become future corporate leaders at Bank of America by providing you with direct experience in Digital Technologies, FinTech, Strategy, Innovation, and Management.

What is our mission and vision statement? ›

Your mission statement is what your company is doing right now, while your vision statement is what you hope to achieve in the future – where you are in this moment versus where you're going.

What is the mission and vision of banks? ›

Here is a typical mission statement for a bank: “We will be the preferred provider of targeted financial service in our communities based on strong customer relationships. We will strengthen these relationships by providing the right solutions that combine our technology, experience, and financial strength.

What is the vision of American bank? ›

To be a strong, well-managed, growing, innovative community bank with high integrity and an excellent reputation.

What is the company mission vision and values? ›

Mission, vision and values for business strategy help guide a company's goals and principles. Vision statements focus on the future while mission statements focus on a company's short-term or long-term goal. Clear foundational statements and values can attract employees who are passionate about their work.

What is organization's vision values and mission? ›

The mission statement communicates the purpose of the organization. The vision statement provides insight into what the company hopes to achieve or become in the future. The values statement reflects the organization's core principles and ethics.

What is Bank of America best known for? ›

Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.

Why choose Bank of America over other banks? ›

Bank of America is best for customers who value ease of access over higher interest rates. It may be particularly good for customers who want to: Be able to bank in person. Have easy access to bank ATMs.

What are two pros of Bank of America? ›

The main pros of banking with Bank of America are strong home loan options, in-person banking, and a national ATM network. The cons of banking with Bank of America include low savings rates, monthly service fees on all checking and savings accounts, and various common bank fees for personal and business banking.

Why do you want to work for Bank of America? ›

Informal Tone: - I'm looking for a job that will allow me to use my business and financial skills in a challenging and rewarding atmosphere. Bank of America has an excellent reputation and a long history of success, which makes it an ideal place to develop my skills and gain experience.

What is the strategy of Bank? ›

Banking strategy is the blueprint guiding financial institutions through rapidly evolving markets and regulatory landscapes. It's how banks set goals, allocate resources, and compete successfully.

What gives Bank of America a competitive advantage? ›

Bank of America adds value to these inputs through information analysis, expert decision-making, and provision of complementary services to target customers. The pipeline business model typically involves the company's competitive advantages in a series of activities that develop or create valuable financial products.

How to crack a Bank of America interview? ›

Bank of America Interview Tips
  1. You should dress appropriately for the interview. Avoid casual clothes such as jeans, and go for a formal look. ...
  2. You should always practice before going to the interview. ...
  3. Also, reach almost fifteen minutes before the interview. ...
  4. You should remember that you don't answer fast.

What is the mission statement of US Bank and values? ›

U.S. Bank Mission Statement

We work to meet our customers' business and personal banking needs with competitive products and services, convenient access to their accounts, and proven stability backed by industry-leading financial metrics.

What is company mission vision and values statements? ›

The mission statement communicates the purpose of the organization. The vision statement provides insight into what the company hopes to achieve or become in the future. The values statement reflects the organization's core principles and ethics.

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