About Us
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices,
more than 18,000 ATMs and award-winning online banking with more than 25 million active users. Bank of America offers industry leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
more than 18,000 ATMs and award-winning online banking with more than 25 million active users. Bank of America offers industry leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Following the combination with Merrill Lynch, Bank of America has become:
- The largest brokerage in the world, with more than 15,000 Financial Advisors and approximately $2.2 trillion in client assets
- A leading provider of global corporate and investment banking services, including commercial lending, global high-yield debt, global equity and global M&A
- A global leader in wealth management, private banking and retail brokerage
- Bank of America owns approximately 34% of the economic interest in BlackRock, an independent, publicly-traded investment management firm
Merrill Lynch is looking for the entrepreneurial, the driven and the resourceful to step up to a new career as Financial Advisors for a special group of people. Our clients. Join successful advisors from fields as varied as law, sales, accounting and the military.
The Qualities
Entrepreneurial. Creative. Resourceful. Driven. Self-motivated. Outgoing. Committed. If you have these qualities, we have a new career path for you.
The Program
Merrill Lynch's Practice Management Development (PMD) program will help you supplement the critical skills you already have with the knowledge necessary to become a successful Financial Advisor. This is widely acknowledged as one of the best three-year training programs in the industry.
A Merrill Lynch Financial Advisor is customer-driven as well as entrepreneurial. Here you will help your clients change their lives. Backed by the leadership, support and one of the broadest platforms of products and services in the business.Get Started
The first step towards becoming a Merrill Lynch Financial Advisor is our online application.
Global Research
BofA Merrill Lynch Global Research's expertise is at the core of the value proposition offered to clients and is an integral component of the product offerings in GWM and Global Banking and Markets. BofA Merrill Lynch Research analysts provide insightful, objective and decisive research that is designed to enable clients to make informed investment decisions. BofA Merrill Lynch Global Research achieves research excellence through the quality of its staff and the breadth and depth of its global resources.
BofA Merrill Lynch Global Research has one of the most respected research organizations in the world with more than 800 analysts focusing on three main disciplines:
Global Equity Research employs over 500 analysts in 20 countries. Our Research analysts conduct fundamental analysis on more than 2,800 companies globally, providing our institutional and retail clients with industry-specific and in-depth research and analysis on more than 20 industries. By leveraging the breadth and depth of our global resources, analysts provide anticipatory, innovative, and differentiated investment ideas, which address the needs of our investor clients.
Global Macro Research encompasses Global Economics, Currencies, Commodities, Rates, Convertibles Equity Derivatives, Global Emerging Markets Fixed Income Strategies and Equity Strategies, and offers in-depth analysis of critical global issues, across disciplines, regions and asset classes, providing clients with investment ideas, market forecasts and macro overviews.
Global Credit Research encompasses High Grade, High Yield, Credit Strategy, Credit Derivatives, Mortgages and other Structured Finance, Municipals and Indices. Our analysts provide in-depth capital structure analysis for Corporates and value-added investment ideas for today's Credit-driven financial markets.
In an integrated bank such as BofA Merrill Lynch Global Research is unique in that it serves multiple constituents. Internally, the Global Research department serves GWM, Global Markets Sales & Trading, Debt and Equity Origination, commodities and FX desks.
Externally, BofA Merrill Lynch Global Research serves individual investors and a wide variety of institutional money managers including: hedge funds, mutual funds, pension funds and sovereign wealth management funds. Additionally, analysts interact extensively with venture capital funds, private equity funds, corporates and governments.
Products and Reports
BofA Merrill Lynch Global Research has consistently achieved high rankings for its equity and fixed income research in numerous regional and global investor surveys, such as Institutional Investor, The Wall Street Journal, Financial Times/StarMine, Forbes/Zacks and Thomson Reuters Extel.
Research analysts work together as collective and integrated regional teams to provide the highest value, alpha-generating research to our clients. This includes investment recommendations, organizing investor conferences, organizing one-on-one meetings with institutional clients and vetting investment banking transactions.
Our Research has a long history of providing value. BofA Merrill Lynch Global Research now provides investment recommendations on nearly 2,800 stocks and over 850 credits. The team also provides economic forecasts for nearly 60 countries and recommendations on 40 currencies.
Our analysts work together as collective and integrated regional teams to provide the highest value, alpha-generating research to our clients. They create commercially relevant products for our clients and effectively capitalize on opportunities within growing areas including the emerging and developed markets. Research analysts provide our clients with most/least preferred lists, equity and FICC indices, portfolios, recommendations on individual securities, industry outlooks, market outlooks and forecasts and investment strategies.
A sampling of flagship reports include:
Global Fund Managers Survey
US Economic Weekly
Global Research Highlights
US Economic Weekly
Global Research Highlights
BofAML Equity Research Rating System
The BofA Merrill Lynch Equity Rating System is designed to improve investment returns and improve transparency in analysts' recommendations. Our rating system provides greater differentiation among the equity ratings within a sector and more closely aligns our rating distributions and historical stock performance. Our competitors provide clients with equity rating systems that are keyed to either: relative returns (in relation to an index such as the S&P500 or absolute expected investment returns. In contrast, our enhanced rating system is unique in that it provides clients with the best of both worlds. In essence, it is an absolute return system with a relative twist.
The BofA Merrill Lynch equity rating system combines 3 key features:
- First, it provides enhanced transparency into analysts' views
- Second, it provides greater differentiation among the equity ratings within a sector
- Third, it more closely aligns rating distributions and historical stock performance
The inclusion of Price Objectives for all stocks, as well as rating distribution guidelines within coverage clusters, means that effectively, analysts rank one stock relative to another within a coverage cluster.
"Underperform" stocks are expected to have either a negative total return or have a positive total return but be the least attractive stocks in a coverage cluster - we define coverage clusters as a single analyst or two or more analysts sharing a common industry, sector, region or other classification.
This ratings system offers increased transparency and objectivity into our analyst convictions and recommendations - a unique system that fits the needs of all clients - long only, hedge funds, 130/30's and individual investors.
Equity Historical Ratings & Estimates
Under the terms of the Global Settlement Agreement between Merrill Lynch and the Securities and Exchange Commission and certain other regulators (the “Global Settlement”), Merrill Lynch is required to publish investment ratings, earnings estimates and certain other information, such as the name of the certifying analyst, with respect to each equity research report published by it during a calendar quarter. This information is required to be provided on its public website no later than 90 days following the end of a calendar quarter.
User Agreement
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User Agreement
Please read the below statements and click the I Agree button at the bottom of the page to proceed
By accessing the Merrill Lynch Research Transparency Website (“Transparency Website”) and/or downloading the report, information or data contained in the report or on the Transparency Website, you hereby agree to the following:
Merrill Lynch owns and retains all rights, title and interest in and to the reports, investment opinions, earnings estimates and other information and data (collectively, the “data”), including, without limitation, all copyright, trademark, proprietary rights and trade secrets. Redistribution of the reports and/or data to third parties is prohibited.
Neither the report nor the data is intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Merrill Lynch or any of its affiliates to any registration requirement within such jurisdiction or country.
The data is historical and is not intended for investment purposes and does not constitute investment advice or an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other financial instruments. You acknowledge that you are not intending to use these materials for such purposes.
The Transparency Website and the data are provided “AS IS” without warranty of any kind. Merrill Lynch does not warrant the accuracy of the data and/or the Transparency Website for any purpose and expressly disclaims any warranties of merchantability or fitness for any particular purpose. Merrill Lynch cannot and does not guarantee the accuracy, validity, timeliness or completeness of the data, the Transparency Website or information derived from the data or Transparency Website for any particular purpose and Merrill Lynch is under no obligation to provide you with any current or corrected information or data. You assume all risk associated with and/or arising out of the use of the data and the Transparency Website.
Neither Merrill Lynch, nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage (whether direct, special, indirect, consequential, incidental or damages of any other kind even if Merrill Lynch or any other party have been advised of the possibility thereof) that you incur in connection with, relating to or arising out of the Transparency Website, the data or any analysis, views or information derived therefrom, or resulting from the act or omission of any other party involved in making the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the data or the Transparency Website, whether or not the circumstances giving rise to such cause may have been within the control of Merrill Lynch or of any vendor providing software or services support.
You acknowledge that you shall not use the name, logo, trademark or other symbol of Merrill Lynch or its affiliates in advertising or publicity releases or publicly distributed materials without securing the written consent of Merrill Lynch.
Merrill Lynch owns and retains all rights, title and interest in and to the reports, investment opinions, earnings estimates and other information and data (collectively, the “data”), including, without limitation, all copyright, trademark, proprietary rights and trade secrets. Redistribution of the reports and/or data to third parties is prohibited.
Neither the report nor the data is intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Merrill Lynch or any of its affiliates to any registration requirement within such jurisdiction or country.
The data is historical and is not intended for investment purposes and does not constitute investment advice or an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other financial instruments. You acknowledge that you are not intending to use these materials for such purposes.
The Transparency Website and the data are provided “AS IS” without warranty of any kind. Merrill Lynch does not warrant the accuracy of the data and/or the Transparency Website for any purpose and expressly disclaims any warranties of merchantability or fitness for any particular purpose. Merrill Lynch cannot and does not guarantee the accuracy, validity, timeliness or completeness of the data, the Transparency Website or information derived from the data or Transparency Website for any particular purpose and Merrill Lynch is under no obligation to provide you with any current or corrected information or data. You assume all risk associated with and/or arising out of the use of the data and the Transparency Website.
Neither Merrill Lynch, nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage (whether direct, special, indirect, consequential, incidental or damages of any other kind even if Merrill Lynch or any other party have been advised of the possibility thereof) that you incur in connection with, relating to or arising out of the Transparency Website, the data or any analysis, views or information derived therefrom, or resulting from the act or omission of any other party involved in making the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the data or the Transparency Website, whether or not the circumstances giving rise to such cause may have been within the control of Merrill Lynch or of any vendor providing software or services support.
You acknowledge that you shall not use the name, logo, trademark or other symbol of Merrill Lynch or its affiliates in advertising or publicity releases or publicly distributed materials without securing the written consent of Merrill Lynch.
Distribution
In addition to traditional research reports, regular digital media programming is available to individual clients on the firm’s web-based delivery channels, including:
- Merrill Lynch OnLine®
- Merrill Lynch OnLine InternationalSM
- Merrill Lynch Direct®
- The MLX® portal and BAS Portal
- Links from co-mingled, third-party platforms such as TheMarkets.com and Bond.Hub
BofA Merrill Lynch Global Research now offers its institutional clients a resource for research data called iQanalytics. The group's iQ analytics capabilities include a defined valuation methodology that draws on over 3,000 company models prepared by its Fundamental Equity analysts globally, and a series of proprietary software tools. iQanalytics allows BofA Merrill Lynch Research analysts and clients to select and compare financial metrics of companies under coverage across sectors and regions, including recent historical performance and forecast and valuation information.
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