Bank of America reports second quarter 2024 financial results

Bank of America reports second quarter 2024 financial results Bank of America reported its second quarter 2024 financial results. The news release, supplemental filing and investor presentation can be accessed at Bank of America’s Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings. Investor Conference Call information: Chief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss [...]

Wendy Dwyer2024-07-18T07:04:08-04:00Jul. 18, 2024|

Nearly half of adult Gen Zers getting financial help from Mom & Dad

Nearly half of adult Gen Zers getting financial help from Mom & Dad Today, 46 percent of Gen Zers (ages 18-27) rely on financial assistance from parents and family, according to new research from Bank of America’s Better Money Habits® financial education team. In addition, 52 percent of those surveyed said they don’t make enough [...]

Wendy Dwyer2024-07-12T05:50:26-04:00Jul. 12, 2024|

Generational divide in investing, giving and preserving wealth

BofA private bank study of wealthy Americans finds generational divide in investing, giving, and preserving wealth Millennials and Gen Z allocate three times more of their investment portfolios to alternative investments than older generations High-net-worth individuals believe U.S. stocks offer the best opportunities for growing assets, but that conviction is less held by younger investors [...]

Wendy Dwyer2024-06-24T17:35:19-04:00Jun. 20, 2024|

Bank of America announces 2025 financial reporting dates

Bank of America announces 2025 financial reporting dates Bank of America announced the following reporting dates for quarterly financial results. The results are scheduled to be announced each quarter by press release at approximately 6:45 a.m. Eastern Time with investor calls at the times below (all times Eastern). • Fourth quarter 2024 – Thurs., Jan. [...]

Wendy Dwyer2024-06-13T12:25:30-04:00Jun. 13, 2024|

128th Boston Marathon® breaks records

128th Boston Marathon® breaks records The Boston Athletic Association (B.A.A.) announced that the total funds raised through the 2024 Boston Marathon presented by Bank of America reached a record total of $71.9 million. Combining funds raised through the 168 non-profit organizations in the Bank of America Boston Marathon Official Charity Program – $45.7 million – with other [...]

Wendy Dwyer2024-05-31T07:44:37-04:00May. 31, 2024|

Percentage of American workers feeling financially well rises to 47%

Percentage of American workers feeling financially well rises to 47% Today, 47% of American workers feel financially well, up from 42% at this time last year. This is according to Bank of America's 14th annual Workplace Benefits Report, “The Resurging Workforce." Conducted in partnership with Bank of America Institute, the report also found that 53% of employees are [...]

Wendy Dwyer2024-05-23T05:30:53-04:00May. 23, 2024|

70% of prospective homebuyers feel renting could be detrimental to their financial future

70% of prospective homebuyers feel renting could be detrimental to their financial future Many prospective homebuyers fear the long-term consequences of renting, including 70% who feel they’re not making a long-term investment in their future, and 72% who worry that rent increases could affect their current and long-term finances, according to a new Bank of [...]

Wendy Dwyer2024-05-16T06:00:59-04:00May. 16, 2024|

Survey: majority of small and mid-sized business owners anticipate revenue growth this year

Survey: majority of small and mid-sized business owners anticipate revenue growth this year A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute. While [...]

Wendy Dwyer2024-05-13T14:56:08-04:00May. 10, 2024|

Grants to Preserve Historic Art Awarded

Grants to Preserve Historic Art Awarded Twenty-four cultural institutions have been named as grant recipients of the 2024 Bank of America Art Conservation Project. They represent a diverse range of artistic styles, media and cultural traditions across the United States, Canada, Mexico, Brazil, United Kingdom, France, Italy, The Netherlands, South Africa, India and Japan. Since 2010, [...]

Wendy Dwyer2024-04-18T07:49:12-04:00Apr. 18, 2024|

Erica Surpasses 2 Billion Interactions, Helping 42 Million Clients

Erica Surpasses 2 Billion Interactions, Helping 42 Million Clients More than 2 billion since 2018. That’s how many interactions Bank of America clients have had with Erica®, the most advanced and first widely available virtual financial assistant, since it launched. It took four years to reach 1 billion interactions, since which client engagement has surged, reaching a second [...]

Wendy Dwyer2024-04-14T07:09:01-04:00Apr. 14, 2024|