Category: Business » Banking

Bank of America Reports Fourth-Quarter 2017 Financial Results

17 Jan 06:50 | Business

Q4 2017 Financial Results Press ReleaseQ4 2017 Investor PresentationQ4 2017 Supplemental Information

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Bank of America Announces 2018 Museums on Us® Program

16 Jan 09:07 | Business

Bank of America marks the 21st anniversary of the Museums on Us program with the announcement of more than 20 new institutions being added to the roster of participating museums and cultural attractions.

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Zelle® Takes Cashless Payments to New Heights

12 Jan 14:34 | Business

Bank of America today announced record-breaking person-to-person (P2P) payments use, as its customers increasingly make the move to cashless solutions.

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Bank of America Expands Into Indianapolis

11 Jan 09:34 | Business

Bank of America today announced that it has opened its first center in Indianapolis, and will open several Advanced Centers this month, to provide customers access to services when and where they want within the greater Indianapolis region. The new locations will offer current banking, investment and commercial clients, as well as new clients in the area, access to the bank’s team of lending and small business client professionals and Merrill Edge’s investment professionals, seamlessly integrating digital and physical offerings.

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Merrill Lynch Wealth Management Adds Client-to-Advisor Text Messaging to Industry-Leading Suite of New Digital, Mobile and Social Technologies

11 Jan 09:05 | Business

Merrill Lynch Wealth Management today announced it will add new client-to-advisor texting capabilities as part of an enhanced suite of digital features designed to make it easier for clients to collaborate with their financial advisors. The texting option is part of a rapidly growing range of resources available to the firm’s nearly 15,000 financial advisors. These include advanced advisor websites, a mobile client relationship management application, integrated social media capabilities and a revamped content sharing platform.

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Bank of America to Report Fourth-Quarter 2017 Financial Results on January 17

10 Jan 10:06 | Business

As previously announced, Bank of America will report its fourth-quarter 2017 financial results on Wednesday, January 17. The results will be released at approximately 6:45 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.

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Bank of America Declares Preferred Dividends

8 Jan 10:05 | Business

Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: ...

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Bank of America Names Joe Gianni Market President for Hartford

8 Jan 09:04 | Business

January 8, 2018, 9:00 am EST Bank of America Names Joe Gianni Market President for Hartfordread more »

J.D. Power Mobile App Certification to Help Consumers Identify Best Mobile Customer Experience

4 Jan 2018 | Business

Building on the trust consumers and brands have put in J.D. Power studies for decades, the marketing data and analytics company today announced the J.D. Power Mobile App Certification ProgramSM to recognize brands that provide an exceptional mobile app experience.

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Bank of America Announces Increase of Maximum New Notes Amounts and Acceptance of Existing Notes for Exchange in Previously Announced Exchange Offers

20 Dec 2017 | Business

Bank of America Corporation (the “Corporation”) today announced theread more »

Bank of America Announces Determination of Pricing Terms of Previously Announced Exchange Offers

18 Dec 2017 | Business

Bank of America Corporation (the “Corporation”) today announced theread more »

Bank of America Declares Preferred Dividends

18 Dec 2017 | Business

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on January 30, 2018 to shareholders of record as of January 1, 2018.

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Bank of America Announces Early Participation Results of Previously Announced Exchange Offers

18 Dec 2017 | Business

Bank of America Corporation (the “Corporation”) today announced theread more »

Art Auction to Support Veterans Services at NYU Langone Raises More Than $2 Million

14 Dec 2017 | Business

NYU Langone Health announced today that more than $2 million was raised at the Bank of America Annual Art Auction on December 13 in Manhattan. The auction, which included works from the company’s own collection, was conducted by Sotheby’s and featured prominent artwork from Andy Warhol, Norman Rockwell and David Hockney, among others. All proceeds from the auction will be used to expand NYU Langone’s services to help support veterans and their families.

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Bank of America Names Maria Zuber to Board of Directors

14 Dec 2017 | Business

Bank of America’s Board of Directors today appointed Dr. Maria Zuber asread more »

The Bank of America Chicago Marathon Selects 2018 Field With Today’s Non-Guaranteed Entry Drawing

12 Dec 2017 | Business

Runners who entered the 2018 Bank of America Chicago Marathon non-guaranteed entry drawing will be notified of their selection status today. A record 44,341 individuals crossed the finish line in 2017, and a similar size field is expected to run through Chicago’s 29 neighborhoods on October 7, 2018. Demand for entry into the Chicago Marathon remains high.

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Bank of America Rings in Holiday Season With New Mobile Enhancements

7 Dec 2017 | Business

December 7, 2017, 9:00 am EST Bank of America Rings in Holiday Season With New Mobile Enhancementsread more »

Atlanta: Where Success Is Defined by Making a Difference for Others

6 Dec 2017 | Business

December 6, 2017, 9:30 am EST Atlanta: Where Success Is Defined by Making a Difference for Othersread more »

BofA Merrill Lynch Global Research Issues Its 2018 Market Outlook

5 Dec 2017 | Business

S&P 500 expected to climb to 2800 next year, despite sharp mid-year correction

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Bank of America Increases Planned Common Stock Repurchase Program

5 Dec 2017 | Business

December 5, 2017, 8:06 am EST Bank of America Increases Planned Common Stock Repurchase Programread more »

Bank of America Announces Offers to Exchange Certain of Its Existing Notes for New Fixed/Floating Rate Senior Notes

4 Dec 2017 | Business

December 4, 2017, 9:25 am EST Bank of America Announces Offers to Exchange Certain of Its Existing Notes for New Fixed/Floating Rate Senior Notesread more »

Southern Californians Feel Most Successful With Their Investments Compared to a Decade Ago

4 Dec 2017 | Business

December 4, 2017, 9:00 am EST Southern Californians Feel Most Successful With Their Investments Compared to a Decade Agoread more »

Atlanta: Where Making a Difference Means More Than Being a Millionaire

4 Dec 2017 | Business

December 4, 2017, 9:00 am EST Atlanta: Where Making a Difference Means More Than Being a Millionaireread more »

What Will Phoenix Residents Do for Financial Security in the Long Run? Hint: They Won’t Cut Back on Discretionary Spending

4 Dec 2017 | Business

December 4, 2017, 9:00 am EST What Will Phoenix Residents Do for Financial Security in the Long Run? Hint: They Won’t Cut Back on Discretionary Spendingread more »

Dallas/Fort Worth’s New Definition of Success Is All About Family

4 Dec 2017 | Business

December 4, 2017, 9:00 am EST Dallas/Fort Worth’s New Definition of Success Is All About Familyread more »

When It Comes to Being Successful, Chicago Residents Value Family and Community

4 Dec 2017 | Business

December 4, 2017, 9:00 am EST When It Comes to Being Successful, Chicago Residents Value Family and Communityread more »

A Decade of Recession Lessons Motivates Today’s Youngest Generations

1 Dec 2017 | Business

December 1, 2017, 9:00 am EST A Decade of Recession Lessons Motivates Today’s Youngest Generationsread more »

GRID Alternatives Announces Major Workforce Development Grant From Bank of America Charitable Foundation

30 Nov 2017 | Business

GRID Alternatives, a national leader in making clean, affordable solar power and solar jobs accessible to low-income communities, announced today a $500,000 grant from Bank of America Charitable Foundation to support its SolarCorps Fellowship Program. This national grant builds on the bank’s past support for GRID in locations in California and Colorado.

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Bank of America CEO Brian Moynihan to Participate in the Goldman Sachs U.S. Financial Services Conference on December 5

28 Nov 2017 | Business

Bank of America Chief Executive Officer Brian Moynihan will participate in the Goldman Sachs U.S. Financial Services Conference on Tuesday, December 5 at 10:20 a.m. Eastern time. A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available.

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Bank of America, (RED) and Amazon Partner for World AIDS Day to Get One Step Closer to Ending AIDS

21 Nov 2017 | Business

Bank of America, (RED) and Amazon are joining forces this World AIDS Day and throughout the holiday season to raise awareness and funds to end the transmission of HIV from mothers to their babies in sub-Saharan Africa. The three organizations are combining their resources through (SHOPATHON)RED, creating an easy way for consumers to get involved and get us one step closer to an AIDS-free generation.

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Zelle Continues to Take Off

20 Nov 2017 | Business

Bank of America today announced that its customers made more than 5 million Zelle® transactions, totaling $1.5 billion dollars in October, up 90 percent from person-to-person (P2P) transactions for the same period last year. The move to cashless shows no signs of slowing. Bank of America also reached more than 2.5 million active monthly Zelle P2P users, and continues to add thousands of new users every day.

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G17: G.17 Data for October 2017 are now available

16 Nov 2017 | Business

Industrial production and capacity utilization data for October 2017 are now available. Industrial production rose 0.9 percent in October, and manufacturing increased 1.3 percent. The index for utilities rose 2.0 percent, but mining output fell 1.3 percent, as Hurricane Nate caused a sharp but short-lived decline in oil and gas drilling and extraction. Even so, industrial activity was boosted in October by a return to normal operations after Hurricanes Harvey and Irma suppressed production in August and September.[1] Excluding the effects of the hurricanes, the index for total output advanced about 0.3 percent in October, and the index for manufacturing advanced about 0.2 percent.[1] A technical Q&A discussing the effects of the recent hurricanes on industrial production is available on the Federal Reserve Board's website at read more »

Federal Reserve Board announces approval of application by South State Corporation

15 Nov 2017 | Business

Federal Reserve Board announces approval of application by South State Corporationread more »

Bank of America Merrill Lynch Announces Card Assistant

15 Nov 2017 | Business

Bank of America Merrill Lynch today launched Card Assistant, a digital tool that transforms the way information and education are delivered to its global commercial card clients. Card Assistant enables time-pressed program administrators to access industry and product updates, informative webcasts, fraud prevention tips, case studies and reference information in one convenient place.

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H15: Corrections to several historical Treasury rates

14 Nov 2017 | Business

Historical rates for several series from the U.S. Treasury have been corrected. Affected rates include the 4-week, 3-month and 6-month Treasury bill (secondary market) rates, the 7-year inflation-indexed Treasury constant maturity rate, and the inflation-indexed long-term average rate. A table with the corrected observations is available at: https://federalreserve.gov/releases/h15/historical-data-correction.htm read more »

Federal Reserve Board announces termination of enforcement action with Maple Leaf Financial, Inc.

14 Nov 2017 | Business

Federal Reserve Board announces termination of enforcement action with Maple Leaf Financial, Inc.read more »

Los Angeles Entrepreneurs Highly Confident About Year-End Revenue, Have More Plans for Growth and Hiring Than National Counterparts

14 Nov 2017 | Weather

As the year comes to a close, the majority of Los Angeles-area small business owners expect 2017 revenue to exceed that of 2016, and they are projecting that growth to continue in the year ahead.read more »

Greater Washington, D.C. Entrepreneurs Maintain Confidence in Economy, Plan for Robust 2018

14 Nov 2017 | Weather

As the year comes to a close, entrepreneurs in the greater Washington area are expecting strong year-end revenues, and they are projecting that growth to continue in the year ahead.read more »

San Francisco Entrepreneurs Highly Confident About Year-End Revenue, Economic Optimism Driving Robust Growth Outlook

14 Nov 2017 | Weather

As the year comes to a close, the majority of San Francisco-area small business owners are confident that their year-end revenue will exceed that of 2016, and they are projecting that growth will continue into the year ahead.read more »

New York City Entrepreneurs Highly Confident About Year-End Revenue, Economic Optimism on the Rise

14 Nov 2017 | Business

As the year comes to a close, New York City area small business owners expect their 2017 revenue to exceed that of 2016, and they are focused on hiring and securing financing to accommodate growth in the year ahead. According to fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and the greater New York City area, 70 percent of local business owners are confident that their year-end revenue will be higher than in 2016.

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Miami Entrepreneurs Confident on Year-End Revenue, Have Higher Expectations for Growth and Hiring Than National Counterparts

14 Nov 2017 | Weather

With 2017 soon coming to a close, Miami small business owners expect higher year-end revenues than in 2016, and more are looking to apply for a loan in 2018.read more »

Dallas/Fort Worth Entrepreneurs Optimistic About Year-End Revenue, Confidence in National Economy Rises

14 Nov 2017 | Weather

As the year comes to a close, the majority of Dallas/Fort Worth-area small business owners expect 2017 revenue to exceed that of 2016, and they are projecting that growth to continue in the year ahead.read more »

Atlanta Business Owners Highly Confident About Year-End Revenues, Lead the Nation on Five-Year Growth Outlook

14 Nov 2017 | Weather

As the year comes to a close, a strong majority of Atlanta small business owners are looking at better-than-expected performance on their year-end revenues, and they are projecting five-year growth at a greater rate than their counterparts nationwide.read more »

Boston Entrepreneurs Anticipate High Year-End Revenues, Accelerated Growth and Hiring Compared to National Counterparts

14 Nov 2017 | Weather

As the year comes to a close, the majority of Boston-area small business owners expect 2017 revenue to exceed that of 2016, and they are projecting that growth to continue in the year ahead.read more »

Houston Entrepreneurs Confident About Year-End Revenue, Planning for Growth

14 Nov 2017 | Weather

The majority of Houston-area small business owners anticipate a strong finish to 2017, with 87 percent reporting confidence that their year-end revenue will exceed that of 2016, according to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and in the greater Houston area.read more »

Chicago Entrepreneurs Planning for More Growth and Hiring in 2018 Than National Counterparts

14 Nov 2017 | Business

As 2017 comes to a close, the majority of Chicago-area small business owners expect their year-end revenues to be higher than in 2016, and they are projecting that growth to continue in the year ahead.read more »

Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services

13 Nov 2017 | Business

Federal Reserve Board approves fee schedule for Federal Reserve Bank priced servicesread more »

Merrill Edge Simplifies Stock Research for Self-Directed Investors Through an Enhanced Online Experience That Allows For Better Investing Decisions

13 Nov 2017 | Business

Merrill Edge today announced the launch of a new stock research experience designed to help the self-directed investor make more informed investing decisions about thousands of U.S.read more »

Tory Burch Foundation and Bank of America Support Women Entrepreneurs With Increased Funding

9 Nov 2017 | Business

November 9, 2017, 9:00 am EST Tory Burch Foundation and Bank of America Support Women Entrepreneurs With Increased Fundingread more »

Bank of America Merrill Lynch Opens Applications for Eighth Returning Talent Programme (London)

9 Nov 2017 | Business

November 9, 2017, 4:00 am EST Bank of America Merrill Lynch Opens Applications for Eighth Returning Talent Programme (London)read more »

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