bank of america
DESCRIPTION
In this PPT u can have a good history,division in which bank is doing its work,M&A, CSR ,vision etcTRANSCRIPT
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17.50$
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Presented by-Brijesh PulaiyaM.B.A.(1st Year)D.M.S.Pondicherry University
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“When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened.”
(John M. Richardson, Jr.)
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Corporate History of Bank Of America
Bank of Italy (1904)
Founded by- Amadeo Giannini
In 1930, Bank of Italy renamed as Bank of America
In 1997, Bank of America was acquired by Nations Bank
the deal was structured as merger with Nations Bank renamed to Bank of America Corporation
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Mr. KENNETH D. LEWISCHAIRMAN, CEO AND PRESIDENT
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Bank Profile
Ranked 9th in the top 10 of Fortune 500 list
Headquarter in Charlotte, North Carolina
Bank of America serves clients in more than 150 countries
one of the largest financial services company
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Bank Profile
Largest commercial bank
Relationship with 83% of the Fortune Global 500 companies
Total Employee 171,587 (February 2009)
#1 Online and Mobile Banking
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Mergers & Acquisitions (since 2001)
In 2005, Purchase of MBNA
In 2006, Purchase of US Trust Company
In 2007, Acquisition of LaSalle Bank
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Continues……
In January 2008, acquisition of Countrywide Financial
In January 1,2009 Merrill Lynch purchased by Bank of America Corporation
This acquisition made BAC the largest financial services company in the world
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Divisions
BAC
International
Operations
Consumer
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Where Customers Want and Need Us to Be
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Customer
6,100 Banking Centers
18,500 ATMs
5,000+ Affinity Groups24M Active Online
Users
2.6B Contacts
1M UsersCan reach 75% wireless
subscribers
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Innovative Products and Services
23
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Global Reach
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Asia
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US & Canada
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Europe , Middle East & Africa
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Historic levels of growth
It took 100,000 years & 300 generations . . . Domestication of animals
Invention of money
The rise of the city and modern state
From invention of the steam engine to atomic power
From telephone to wireless telephony
From computer Generation 1 to Generation 5
The birth of democracy, common law, and market capitalization
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Historic levels of growth
. . . To arrive at in 2001:
An Integrated, Networked Market Of
1 Billion Human Beings
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Historic levels of growth
6 years later, in 2007, the 2nd Billion arrived
700,000 new people join every day
Sometime in 2011 the 3 Billionth person will join the networked economy – roughly 50% of the worlds population
Device Proliferation (Billions)
0.3 0.5 0.9 1.2 1.6 1.92.3
2.8
0.1
1.6
3.1
5.1
7.6
10.6
14.6
0.0
3.0
6.0
9.0
12.0
15.0
2008 2009 2010 2011 2012 2013 2014 2015
PC
Mobile Internet Device
0.6
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Financial Highlights
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Total Asset
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Revenue
2004 2005 2006 2007 2008
49.656.9
73.868
73.9
Revenue (in billion $)
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Total Deposit
0
200
400
600
800
1000
2004 2005 2006 2007 2008
618.5 634.6 693.4805.1
883
Total Deposit (in billion $)
Total Deposit (in billion $)
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Total Shareholder’s Equity
0
50
100
150
200
2004 2005 2006 2007 2008
100.2 101.5135.2
146.8177
Total Shareholder's Equity (in billion $)
Total Shareholder's Equity (in billion $)
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Dividends Paid Per common Share
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COMPETITORS
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Comparison Between Financial Sectors’ Giants
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Total Asset $2.25 trillion
Total Equity $177 billion
Largest retail bank in US
18500 ATMs across US
6100 branches in the
US & Canada
Total Asset $1.85 trillion
Total Equity $152 billion
Third largest retail bank
in the US (based on
deposit)
3800 ATMs across US
2100 branches in the
US & Canada
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Corporate Social Responsibility
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BAC has pledged to spend billions on projects that it considers “GREEN”
Supplied all of its employees with cash incentives to buy “HYBRID VEHICLES”
Disaster relief fund
Donated money to help “HEALTH CENTRES”
Provide mortgage, support small business & create jobs in “disadvantaged neighborhoods”
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GLOBAL FUNDING FOR CSR
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OUR NEXT GOAL FOR GLOBAL FUND
USD 1.5 TRILLION
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Awards and Recognition
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OCI award presented by PDMA
In 2007 Diversity Inc. ranked BAC as #1
ITSMF recognized BAC as “2007 Organization of the year”
National Black MBA Association awarded BAC as “2006 Company of the year”
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The emergence of financial services as innovators?
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5
15
25
35
Products
Customer Experience
Processes
Business Models
ServicesCombination
How do they
innovate?
2005 2006 2007 2008
1
10
20
30
40
45
50
Business Week’s 50 Most Innovative Companies
(2005 – 2008)
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VISION
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Our vision is to continue help customers to grow and demonstrate how they can turn opportunities into reality.
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