It is not to be confused with Merrill, the stock brokerage and trading platform subsidiary of Bank of America.

It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management.

Bank of America completed the acquisition of Merrill Lynch & Co on January 1, 2009.

[10] In that year it achieved the highest revenues of any investment bank worldwide in both leveraged loans and asset-backed securities.

[10] In 2011, Bank of America Merrill Lynch again achieved the second-highest revenues of any investment bank worldwide (after J.P. Morgan & Co.), with a global market share of 7.4 per cent.