Bank of America vs Dell: Founders, CEOs and History
Bank of America was founded in 1904 by Amadeo Peter Giannini and is led by Brian Moynihan. Dell was founded in 1984 by Michael S. Dell and is led by Michael S. Dell.
Company facts
Bank of America
- Founded
- 1904
- Headquarters
- Charlotte, North Carolina
- Current CEO
- Brian Moynihan
- Employees
- 213,000
Dell
- Founded
- 1984
- Headquarters
- Round Rock, Texas
- Current CEO
- Michael S. Dell
- Employees
- 97,000
Founders
Bank of America
Amadeo Peter Giannini
Bank of America was founded by A. P. Giannini, the San Jose-born son of Italian immigrants. In 1904 he opened the Bank of Italy in a converted saloon in San Francisco's North Beach neighborhood. His aim was unusual for the time: to lend to working people.
Dell
Michael S. Dell
Dell Technologies possesses one of the most famous, foundational founding stories in the history of the personal computer revolution, rooted in an aggressive, direct-to-consumer arbitrage strategy executed entirely from a college dorm room.
CEOs and their tenures
Bank of America
- Amadeo Peter Giannini1904–1945
Founder and Chairman
Giannini was born in San Jose, California, in 1870 to Italian immigrant parents and sold fruit and vegetables from a horse-drawn wagon before opening the Bank of Italy in San Francisco at the age of 34.
Source - Hugh L. McColl Jr.1998–2001
Chairman and Chief Executive Officer
McColl joined the company in 1959 as a management trainee and built NationsBank through interstate acquisitions before its 1998 combination with San Francisco based BankAmerica, which took the Bank of America name and created the first coast-to-coast U.S.
Source - Ken Lewis2001–2009
Chairman and Chief Executive Officer
Lewis joined the company in 1969 as a credit analyst, ran corporate strategy from 1999, and became chairman and chief executive officer on April 25, 2001 when Hugh McColl retired.
Source - Brian Moynihan2010–present
Chair of the Board and Chief Executive Officer
Moynihan became chief executive officer on January 1, 2010, after running the general counsel, consumer banking and wealth management units, and he also chairs the board.
Source
Dell
- Michael S. Dell1984–present
Founder, Chairman, and Chief Executive Officer
Michael Dell's bold, aggressive strategic maneuvers transformed the company from a successful consumer PC manufacturer into a global leader in complex enterprise data center infrastructure and advanced cloud computing.
Source - Kevin Rollins2004–2007
President and Chief Executive Officer
As CEO from 2004 to 2007, he oversaw a period of severe stagnation, losing the company's #1 PC market share position to HP, forcing Michael Dell to return and retake control.
Source - Jeff Clarke2017–present
Vice Chairman and Chief Operating Officer
As Vice Chairman and Co-COO, he is the primary operational architect of Dell's Infrastructure Solutions Group, transforming the company from a PC maker into a massive enterprise IT vendor.
Source - David Kennedy2025–present
Chief Financial Officer
As Chief Legal Officer, he navigated the highly contentious 2013 leveraged buyout that took the company private, and the equally complex 2018 transaction that returned it to the public markets.
Source
Timeline: Bank of America and Dell side by side
1904Bank of America
Bank of Italy Founded
A.P. Giannini founded the Bank of Italy in San Francisco to expand access to banking for immigrants, wage earners, and small merchants.
1906Bank of America
San Francisco Earthquake Response
After the 1906 earthquake, Giannini resumed lending while much of San Francisco's banking system was disrupted. The response turned emergency access to credit into lasting customer trust and became a defining story in the bank's retail identity.
1930Bank of America
Bank of Italy Renamed Bank of America
The Bank of Italy changed its name to Bank of America on November 1, 1930. The rebrand reflected a wider consumer and business ambition beyond the original immigrant-community label.
1958Bank of America
BankAmericard Introduced
Bank of America introduced BankAmericard in 1958, a revolving-credit card that later became part of the Visa system. The product tied the bank to modern consumer credit, merchant acceptance, and payment-network economics.
1984Dell
PC's Limited Founded
Michael Dell starts PC's Limited from his University of Texas dorm room using a direct-sales PC model.
1988Dell
Dell Goes Public
Dell Computer Corporation completes its initial public offering and scales internationally.
1998Bank of America
NationsBank and BankAmerica Merge
The 1998 merger of Charlotte-based NationsBank and San Francisco's BankAmerica created the first coast-to-coast U.S. bank under the Bank of America name. It also shifted the modern company's headquarters center to Charlotte.
2001Dell
Dell Becomes Largest PC Maker
Dell becomes the world's largest PC maker by market share, validating the direct model at global scale.
2006Bank of America
MBNA Merger Completed
The MBNA merger expanded the card business to more than 40M active accounts and nearly $140B in managed balances, according to the company's January 2006 release. That size made cards a more important part of consumer banking revenue and risk.
2007Dell
Michael Dell Returns as CEO
Michael Dell returned as chief executive in January 2007, replacing Kevin Rollins.
2008Bank of America
Countrywide Acquisition Approved
The Federal Reserve approved Bank of America's acquisition of Countrywide in June 2008. The deal added mortgage scale but later became a costly warning about buying distressed loan portfolios during a housing crisis.
2008Bank of America
Merrill Lynch Acquisition Approved
The Federal Reserve approved the acquisition of Merrill Lynch in November 2008. Although the integration was controversial, Merrill became central to the company's wealth-management and investment-banking fee base.
2013Dell
Dell Goes Private
Michael Dell and Silver Lake take Dell private in a leveraged buyout to reposition the company away from public-market pressure.
2014Bank of America
Mortgage Settlements With the Justice Department and FHFA
Bank of America agreed in August 2014 to a $16.65B settlement with the Justice Department over mortgage claims tied to Countrywide and Merrill Lynch, following a March 2014 FHFA agreement with an aggregate payment of about $9.33B.
2016Dell
EMC Acquired
Dell completes the EMC acquisition, creating Dell Technologies and expanding into enterprise storage, infrastructure, and VMware-linked assets.
2018Bank of America
Erica Launched
Bank of America launched Erica in 2018 as an AI-enabled virtual assistant inside digital banking. The launch mattered because customer service, insights, and routine account tasks were moving from branches and call centers into mobile channels.
2018Dell
Dell Returns to Public Markets
Dell Technologies returns to public-market trading through a complex transaction involving its VMware tracking stock.
2021Dell
VMware Spin-Off
Dell completes the VMware spin-off, simplifying the corporate structure and reducing debt.
2023Bank of America
CFPB and OCC Orders on Fees, Rewards and Accounts
In July 2023 the CFPB ordered Bank of America to pay more than $100M to customers for repeat non-sufficient-funds fees, withheld credit card rewards and unauthorized accounts, plus $90M in CFPB penalties, and the OCC added a $60M penalty.
2025Bank of America
$113.1B FY2025 Revenue
The company reported $113.1B in total revenue net of interest expense and $30.5B in net income for FY2025. The result showed the combined scale of deposits, wealth management, cards, payments, global banking, and markets.
2025Bank of America
Co-Presidents Named
On September 12, 2025 Bank of America named Dean Athanasia and Jim DeMare Co-Presidents and gave Chief Financial Officer Alastair Borthwick the added title of executive vice president.
2025Dell
PC Brands Simplified
Dell introduces simplified Dell, Dell Pro and Dell Pro Max PC brand tiers at CES 2025.
2026Dell
Record $113.5B Fiscal Year
Dell reports record fiscal 2026 revenue of $113.5B, $64.1B of AI server orders and a $43B AI backlog.
2026Dell
$95B AI Server Backlog
Q2 fiscal 2027 revenue rises 58% to $47.0B; AI orders hit $60.9B and backlog reaches $95B; full-year guidance raised to about $192B.
Acquisitions
Bank of America
- Countrywide Financial2008$4B
- Merrill Lynch2008$50B
- LaSalle Bank2007$21B
- MBNA2006$35B
- FleetBoston Financial2004$47B
- BankAmerica / NationsBank merger1998$43B
Dell
- EMC Corporation2016$67B
- Quest Software2012$2.4B
- Perot Systems2009$3.9B
- Alienware2006Undisclosed
Questions about Bank of America vs Dell
Who is the CEO of Bank of America Corporation and Dell Technologies Inc.?
Bank of America Corporation is led by Brian Moynihan and Dell Technologies Inc. is led by Michael S. Dell. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Bank of America Corporation founded vs Dell Technologies Inc.?
Bank of America Corporation was founded in 1904 — 80 years before Dell Technologies Inc., which was founded in 1984. Bank of America Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Dell Technologies Inc..
How many employees does Bank of America Corporation have compared to Dell Technologies Inc.?
Bank of America Corporation employs approximately 213,000 people, while Dell Technologies Inc. employs approximately 97,000. Bank of America Corporation has the larger workforce at 213,000 employees, compared to Dell Technologies Inc.'s 97,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Bank of America Corporation and Dell Technologies Inc. headquartered?
Both Bank of America Corporation and Dell Technologies Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Bank of America Corporation and Dell Technologies Inc.?
Bank of America Corporation was founded by Amadeo Peter Giannini. Dell Technologies Inc. was founded by Michael S. Dell.
Which company has a longer operating history — Bank of America Corporation or Dell Technologies Inc.?
Bank of America Corporation has been operating for approximately 122 years, making it the more established of the two companies. Dell Technologies Inc. has been in operation for around 42 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Bank of America vs Dell overview