<P> Bank of America Corporation (abbreviated as BofA) is an American multinational financial services company headquartered in Charlotte, North Carolina . It is ranked 2nd on the list of largest banks in the United States by assets . As of 2016, Bank of America was the 26th largest company in the United States by total revenue . In 2016, it was ranked #11 on the Forbes Magazine Global 2000 list of largest companies in the world . </P> <P> Its acquisition of Merrill Lynch in 2008 solidified it as a "Bulge Bracket Bank", becoming the world's largest wealth management corporation and a major player in the investment banking market . As of December 31, 2017, it had US $1.081 trillion in assets under management (AUM). </P> <P> As of December 31, 2016, the company held 10.73% of all bank deposits in the United States . It is one of the Big Four banks in the United States, along with Citigroup, JPMorgan Chase and Wells Fargo--its main competitors . Bank of America operates--but does not necessarily maintain retail branches--in all 50 states of the United States, the District of Columbia and more than 40 other countries . It has a retail banking footprint that serves approximately 46 million consumer and small business relationships at 4,600 banking centers and 15,900 automated teller machines (ATMs). </P> <P> Bank of America provides its products and services through 4,600 retail financial centers, approximately 15,900 automated teller machines, call centers, and online and mobile banking platforms . The bank's Consumer Real Estate Services segment offers consumer real estate products comprising both fixed and adjustable - rate first - lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans . </P>

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