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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
Portfolios designed to provide predictable retirement income "For many, the fear of outliving retirement assets can be overwhelming," said Head of Consumer Investments and Employee Banking & Investments at Bank of America, Matt Gellene. "Having a predictable monthly income replacement vehicle helps retirees enjoy this phase of life with greater confidence in their long-term financial security." To [...]
Small Business Checkpoint: striking a balance Outstanding loan balances might put pressure on credit card use Recent surveys suggest that rising small business loan balances are increasing due to firms slowing repayments rather than taking out new loans. The most recent Small Business Lending Survey from the Federal Reserve Bank of Kansas City showed outstanding [...]
Patents increase nearly 70% in five years Bank of America announced a record year for its patent portfolio, which has grown to nearly 6,600 granted patents and pending patent applications - a year-over-year increase of 13%, and an increase of nearly 70% since 2019. A record 644 patents were granted to the company last year, an increase [...]