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payment2.works.com/wpm/bookmark – Bank Of America Works

 

Payment2.works

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Bank Of America

BOA is an American banking firm based out of Charlotte, North Carolina.  The firm was founded in 1998 and offers a variety of financial services to include home/auto loans, checking/saving accounts, wealth management, private banking and a line of consumer credit cards.  Bank of America is one of the largest banks in the world with revenues over 80 billion dollars.  They are considered one of the largest companies in the US right behind Walmart and GE (not counting black gold companies aka oil).

Bank of America rivals:

  • JPMorgan Chase & Co.
  • Mizuho Financial Group, Inc.
  • Citi
  • Deutsche Bank AG
  • HSBC Holdings plc

As you can see the list is very long and powerful.  Bank of America will have a tough time holding on to market share in the US over the next 10 to 20 years.  The banking industry is a very competitive market place where firms will do just about anything to win and gain market share over rivals.

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