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 [...]
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 [...]