BofA to open more than 165 financial centers by end of 2026 Over the last 10 years, Bank of America has been expanding its financial center network, opening locations nationwide in new and existing markets. The bank is on track to open more than 165 new centers across 63 markets by the end of 2026, [...]
BofA raises minimum hourly wage to $24, increasing starting salary to nearly $50K Bank of America announced that it has raised its U.S. minimum hourly wage to $24 per hour, the latest step in the company’s commitment to $25 by 2025. With the increase, the minimum annualized salary for full-time employees in the U.S. will [...]
Nasdaq Private Market adds Bank of America to Consortium of Investors Nasdaq Private Market (NPM), a leading provider of secondary liquidity solutions to private companies, employees, and investors, announced today that it has added Bank of America as an investor. NPM’s existing investor consortium of premier global financial institutions has helped drive the company’s success [...]
By 2060, less than 60% of non-Hispanic white population and about 65% of non-Hispanic multiracial population will be working age The nation as a whole is getting older, but not all race and Hispanic origin groups are aging at the same pace, a pattern that promises to alter the makeup of the U.S. working-age population [...]
Treasure Coast nonprofits awarded $120,000 investment from BofA Bank of America recently announced more than $120,000 in grants to seven Treasure Coast nonprofit organizations to drive meaningful and sustainable progress to help individuals prepare for and secure jobs. In Indian River County, United Against Poverty and Youth Guidance received grants to expand the nonprofits' current [...]
BofA recognized globally for digital leadership and commitment to innovation Bank of America has been recognized by many of the most influential industry groups and global banking award organizations around the world for its digital leadership. As the company continues to see record growth in digital engagement among clients, it recently received accolades from Euromoney, [...]
Partnership offers financial education for student-athletes Merrill Wealth Management and IMG Academy announced a three-year partnership to offer more education and resources around financial awareness to student-athletes and their families. The program aims to provide actionable financial education to IMG Academy student-athletes that can help them throughout their student-athlete journey and in life. “Athletes today [...]
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 [...]
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 [...]
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 [...]