Bank of America Corporation PFD SER B 7%

Bank of America Corporation functions as a major financial institution and holding company, delivering a comprehensive range of banking and non-banking financial services. The company organizes its extensive activities across five primary segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and the "All Other" category. The Consumer Banking division caters to individual clients and small enterprises, providing a suite of credit facilities, banking solutions, and investment opportunities. The Global Wealth and Investment Management (GWIM) segment is dedicated to providing clients with customized solutions, including extensive investment management, brokerage, banking, and retirement planning offerings. Global Banking focuses on corporate and institutional clients, offering a full suite of lending products, integrated working capital and treasury management solutions, along with underwriting and advisory services. The Global Markets division provides institutional clientele with sales and trading capabilities, complemented by in-depth research across various asset classes such as fixed-income, credit, foreign exchange, commodities, and equities. Finally, the "All Other" segment groups together miscellaneous operations such as asset and liability management, equity investments, handling of non-core mortgage loans and servicing, adjustments to mortgage servicing rights (MSR) valuations, businesses undergoing liquidation, and residual expense allocations. Amadeo Peter Giannini founded the company in 1904, and its corporate headquarters are situated in Charlotte, North Carolina.