Account Intelligence Profile: Bank of America Corporation

Bank of America's (BofA) strategic priorities include achieving net-zero emissions by 2050 and mobilizing $1.5 trillion for sustainable finance. Opportunity areas for technology and IT companies include strengthening cybersecurity, addressing regional competition, and expanding fintech partnerships.

Headquartered in North Carolina, BofA operates in over 35 countries with a robust organizational structure spanning eight business lines. In 2024, it recorded 3.3% year-over-year revenue growth, driven by asset management and investment banking. The bank invests $3–4 billion annually in AI and digital innovation, including tools such as Erica and CashPro, and holds over 7,000 patents. BofA partners with AWS, Microsoft, and various fintechs to develop cloud, payment, and IoT solutions.