Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of April 15, 2021, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 17,000 ATMs; and digital banking platforms with approximately 40 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.
IPO Year:
Exchange: NYSE
Website: bankofamerica.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/3/2025 | Hold → Buy | Erste Group | |
7/8/2025 | $51.00 | Buy → Hold | HSBC Securities |
6/27/2025 | $52.00 | Outperform → Neutral | Robert W. Baird |
5/15/2025 | $53.00 | Buy | TD Cowen |
4/7/2025 | $47.00 | Equal-Weight → Overweight | Morgan Stanley |
3/7/2025 | $45.00 → $50.00 | Neutral → Outperform | Robert W. Baird |
1/7/2025 | $50.00 | Hold → Buy | HSBC Securities |
1/7/2025 | $43.00 → $53.00 | Neutral → Buy | UBS |
12/9/2024 | $48.00 → $55.00 | Overweight → Equal-Weight | Morgan Stanley |
11/8/2024 | $46.00 → $54.00 | Neutral → Buy | Citigroup |
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
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Erste Group upgraded Bank of America from Hold to Buy
HSBC Securities downgraded Bank of America from Buy to Hold and set a new price target of $51.00
Robert W. Baird downgraded Bank of America from Outperform to Neutral and set a new price target of $52.00
TD Cowen initiated coverage of Bank of America with a rating of Buy and set a new price target of $53.00
Morgan Stanley upgraded Bank of America from Equal-Weight to Overweight and set a new price target of $47.00
Robert W. Baird upgraded Bank of America from Neutral to Outperform and set a new price target of $50.00 from $45.00 previously
HSBC Securities upgraded Bank of America from Hold to Buy and set a new price target of $50.00
UBS upgraded Bank of America from Neutral to Buy and set a new price target of $53.00 from $43.00 previously
Morgan Stanley downgraded Bank of America from Overweight to Equal-Weight and set a new price target of $55.00 from $48.00 previously
Citigroup upgraded Bank of America from Neutral to Buy and set a new price target of $54.00 from $46.00 previously
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Volunteering Makes a Post-Pandemic Comeback; Those Who Volunteer Give Twice as Much NEW YORK, Sept. 30, 2025 /PRNewswire/ -- Affluent Americans are giving more and giving with purpose, even as fewer are giving. The newly released 2025 Bank of America Study of Philanthropy, conducted in partnership with the Indiana University Lilly Family School of Philanthropy, found that total charitable contributions from affluent donors have surged more than 30% since 2015. In 2024, their giving was 10 times higher than the latest available levels for the general population. Yet participation in giving is narrowing: 81% of affluent households made charitable donations in 2024, down from 91% in 2015.
"AskGPS" Expected to Save Tens of Thousands of Employee Hours Annually While Enhancing Advisory Services NEW YORK, LONDON, and SINGAPORE, Sept. 30, 2025 /PRNewswire/ -- Bank of America is using generative AI to transform how its Global Payments Solutions ("GPS") team serves the company's more than 40,000 business clients worldwide. The newly launched Ask Global Payments Solutions ("AskGPS") was built in-house and trained on over 3,200 internal documents and presentations – including product guides, term sheets, and FAQs. Through AskGPS, employees can now pose simple to complex client questions and receive answers within seconds. "AskGPS turns institutional kn
C-Suite and Treasury Teams to Have Consolidated Capital Markets Knowledge In the Palm of Their Hand NEW YORK, Sept. 29, 2025 /PRNewswire/ -- This week, Bank of America is unveiling Capital Markets Insights on the CashPro® App, providing a centralized view of market and issuance data relating to the Investment Grade Capital Markets – including the proprietary AI-driven Trade Evaluation Driver (TED) – to U.S.-based CashPro clients via the mobile app. "CFOs and treasurers using the CashPro App to approve payments are the same people making debt issuance decisions," said Tom Durki
CHARLOTTE, N.C., Sept. 25, 2025 /PRNewswire/ -- Bank of America has named Kelly Firment, Small Business and Vehicle Client Servicing executive, president of Bank of America Delaware. She succeeds Chip Rossi, who led the market for more than 15 years and retired this past June after a 40-year career with Bank of America. As president and head of the market, Kelly will connect clients, teammates, and communities to the full power of the franchise and drive integration across the bank's eight lines of business. She will oversee the company's efforts to grow market share by foster
Funding Bolsters Small Business Relief in Texas Disaster Areas as Other Aid Deadlines Close SAN ANTONIO, Sept. 24, 2025 /PRNewswire/ -- LiftFund, a leading nonprofit small business lender, today announced a significant commitment from Bank of America to support small businesses recovering from recent devastating floods in Texas's Hill Country. The bank's contribution of $1 million in lending capital and an additional $100,000 for LiftFund disaster relief operations brings the total funding raised for LiftFund's relief efforts to over $5 million. This critical investment comes
Funding to Support Housing, Home Repairs and Small Business Loans as Hurricane Recovery Continues ASHEVILLE, N.C., Sept. 23, 2025 /PRNewswire/ -- As the Western North Carolina community continues its efforts to rebuild, Bank of America is announcing $12 million in zero-interest loans to Community Development Financial Institutions (CDFI) to support homeowner recovery and small business assistance. The loans will be managed through three CDFIs integrally involved in the region's disaster recovery efforts following the devastating impact of Hurricane Helene. Self-Help Ventures
CHARLOTTE, N.C., Sept. 19, 2025 /PRNewswire/ -- 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: Series of Preferred Stock Dividend per Shareor Depositary Share1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.1250000 October 1 October 30 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 October 1 October 24 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 Octob
Hiring Underscores Bank's Commitment to Skills-Based Hiring, Creating Long-Term Career Options, and Expanding Economic Opportunity Across the Country CHARLOTTE, N.C., Sept. 17, 2025 /PRNewswire/ -- Bank of America today announced an increase to its military hiring, committing to add 10,000 more individuals with military backgrounds over the next five years as the bank strengthens its focus on skills-based hiring and its commitment to creating new opportunities, and supporting the growth of the U.S. economy. The bank also said it plans to increase its hiring from community colleges, committing to 8,000 new hires over the next five years, and create 700 financial center jobs in new growth mar
The increase delivers on a pledge to hit $25 by 2025 CHARLOTTE, N.C., Sept. 17, 2025 /PRNewswire/ -- Today, Bank of America announced it has raised its U.S. minimum hourly wage to $25 per hour. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to more than $50,000. The increase, which goes into effect in early October, applies to all full-time and part-time hourly positions in the U.S., affecting thousands of employees across the nation and helping to fuel the growth of the American economy and create job opportunities that strengthen the communities the company serves.
CHARLOTTE, N.C., Sept. 16, 2025 /PRNewswire/ -- Bank of America today announced that the company has been ranked the number one small business lender across the U.S. for the 17th consecutive quarter, according to the Federal Deposit Insurance Corporation (FDIC). The FDIC publishes quarterly data on U.S.-based business loan balances for original loan amounts up to $1 million. Based on which, Bank of America has maintained this industry leadership position for more than 4 years (Q2 2021 through Q2 2025), with total small business loan balances of $46.7 billion. "As the number on
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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Volunteering Makes a Post-Pandemic Comeback; Those Who Volunteer Give Twice as Much NEW YORK, Sept. 30, 2025 /PRNewswire/ -- Affluent Americans are giving more and giving with purpose, even as fewer are giving. The newly released 2025 Bank of America Study of Philanthropy, conducted in partnership with the Indiana University Lilly Family School of Philanthropy, found that total charitable contributions from affluent donors have surged more than 30% since 2015. In 2024, their giving was 10 times higher than the latest available levels for the general population. Yet participation in giving is narrowing: 81% of affluent households made charitable donations in 2024, down from 91% in 2015.
"AskGPS" Expected to Save Tens of Thousands of Employee Hours Annually While Enhancing Advisory Services NEW YORK, LONDON, and SINGAPORE, Sept. 30, 2025 /PRNewswire/ -- Bank of America is using generative AI to transform how its Global Payments Solutions ("GPS") team serves the company's more than 40,000 business clients worldwide. The newly launched Ask Global Payments Solutions ("AskGPS") was built in-house and trained on over 3,200 internal documents and presentations – including product guides, term sheets, and FAQs. Through AskGPS, employees can now pose simple to complex client questions and receive answers within seconds. "AskGPS turns institutional kn
C-Suite and Treasury Teams to Have Consolidated Capital Markets Knowledge In the Palm of Their Hand NEW YORK, Sept. 29, 2025 /PRNewswire/ -- This week, Bank of America is unveiling Capital Markets Insights on the CashPro® App, providing a centralized view of market and issuance data relating to the Investment Grade Capital Markets – including the proprietary AI-driven Trade Evaluation Driver (TED) – to U.S.-based CashPro clients via the mobile app. "CFOs and treasurers using the CashPro App to approve payments are the same people making debt issuance decisions," said Tom Durki
CHARLOTTE, N.C., Sept. 25, 2025 /PRNewswire/ -- Bank of America has named Kelly Firment, Small Business and Vehicle Client Servicing executive, president of Bank of America Delaware. She succeeds Chip Rossi, who led the market for more than 15 years and retired this past June after a 40-year career with Bank of America. As president and head of the market, Kelly will connect clients, teammates, and communities to the full power of the franchise and drive integration across the bank's eight lines of business. She will oversee the company's efforts to grow market share by foster
Funding Bolsters Small Business Relief in Texas Disaster Areas as Other Aid Deadlines Close SAN ANTONIO, Sept. 24, 2025 /PRNewswire/ -- LiftFund, a leading nonprofit small business lender, today announced a significant commitment from Bank of America to support small businesses recovering from recent devastating floods in Texas's Hill Country. The bank's contribution of $1 million in lending capital and an additional $100,000 for LiftFund disaster relief operations brings the total funding raised for LiftFund's relief efforts to over $5 million. This critical investment comes
CHARLOTTE, N.C., Sept. 19, 2025 /PRNewswire/ -- 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: Series of Preferred Stock Dividend per Shareor Depositary Share1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.1250000 October 1 October 30 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 October 1 October 24 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 Octob
Hiring Underscores Bank's Commitment to Skills-Based Hiring, Creating Long-Term Career Options, and Expanding Economic Opportunity Across the Country CHARLOTTE, N.C., Sept. 17, 2025 /PRNewswire/ -- Bank of America today announced an increase to its military hiring, committing to add 10,000 more individuals with military backgrounds over the next five years as the bank strengthens its focus on skills-based hiring and its commitment to creating new opportunities, and supporting the growth of the U.S. economy. The bank also said it plans to increase its hiring from community colleges, committing to 8,000 new hires over the next five years, and create 700 financial center jobs in new growth mar
The increase delivers on a pledge to hit $25 by 2025 CHARLOTTE, N.C., Sept. 17, 2025 /PRNewswire/ -- Today, Bank of America announced it has raised its U.S. minimum hourly wage to $25 per hour. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to more than $50,000. The increase, which goes into effect in early October, applies to all full-time and part-time hourly positions in the U.S., affecting thousands of employees across the nation and helping to fuel the growth of the American economy and create job opportunities that strengthen the communities the company serves.
CHARLOTTE, N.C., Sept. 16, 2025 /PRNewswire/ -- Bank of America today announced that the company has been ranked the number one small business lender across the U.S. for the 17th consecutive quarter, according to the Federal Deposit Insurance Corporation (FDIC). The FDIC publishes quarterly data on U.S.-based business loan balances for original loan amounts up to $1 million. Based on which, Bank of America has maintained this industry leadership position for more than 4 years (Q2 2021 through Q2 2025), with total small business loan balances of $46.7 billion. "As the number on
CHARLOTTE, N.C., Sept. 12, 2025 /PRNewswire/ -- Bank of America today announced senior leadership appointments to further build and deliver its capabilities around the globe for clients, shareholders, and local communities. Chair and CEO Brian Moynihan has named Dean Athanasia and Jim DeMare to serve as Co-Presidents of Bank of America, and appointed Alastair Borthwick to serve as Executive Vice President and Chief Financial Officer (CFO) of the company. Athanasia and DeMare will drive company-wide initiatives focused on long-term growth and returns and oversee Bank of America
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Funding to Support Housing, Home Repairs and Small Business Loans as Hurricane Recovery Continues ASHEVILLE, N.C., Sept. 23, 2025 /PRNewswire/ -- As the Western North Carolina community continues its efforts to rebuild, Bank of America is announcing $12 million in zero-interest loans to Community Development Financial Institutions (CDFI) to support homeowner recovery and small business assistance. The loans will be managed through three CDFIs integrally involved in the region's disaster recovery efforts following the devastating impact of Hurricane Helene. Self-Help Ventures
Our most generous card ever is packed with top-tier rewards and an array of benefits, including a new Global Companion Award that's redeemable in any class of service, plus access to Alaska LoungesEarn status faster than ever: Every $2 spent on purchases earns 1 status point, plus receive 10,000 bonus status points annually – cardholders reach Atmos Silver with $20,000 of qualifying spendFlexibility matters: Cardholders can transfer points to hotel partner loyalty programs or share points with other Atmos Rewards membersThe Atmos Summit Visa Infinite® card redefines what a global travel card can be with an industry-first 3x points earning on all qualifying foreign spendSEATTLE, Aug. 20, 2025
Runners Can Secure an Entry into the Sold-Out 2025 Event by Running and Fundraising for Charity CHICAGO, Jan. 28, 2025 /PRNewswire/ -- The Bank of America Chicago Marathon announced today that 2024 participants raised $36 million for local, national and global nonprofits, the highest fundraising total in event history. Since 2002, participants have raised more than $358 million through the event's official Charity Program. This feat is accomplished by participants who sign on to support an affiliated cause and commit to fundraising as a part of their marathon journey. Individuals hoping to take part in this year's sold-out event can still secure their place by committing to run and fundraise
Organizers of the Bank of America Chicago Distance Series Unveil New Event Logos CHICAGO, Dec. 12, 2024 /PRNewswire/ -- The Bank of America Chicago Marathon will notify runners today of their selection status for the 2025 event. The race, which is the final event in the Bank of America Chicago Distance Series, continues to see unprecedented interest with more than 160,000 individuals applying for a chance to participate. Those who secure an entry into the race will join another record-breaking field with more than 53,000 participants expected to cross the finish line in Grant Park on Sunday, October 12, 2025.
CHICAGO, Oct. 3, 2024 /PRNewswire/ -- Today the teams behind Chicago's premier racing portfolio announced registration information for the events that will make up the third annual Bank of America Chicago Distance Series. The Distance Series connects the Bank of America Chicago Marathon, Chicago 13.1 and Shamrock Shuffle 8K Run in a unique challenge that rewards participants who finish all three events in 2025 with an exclusive medal and guaranteed entry to the 2026 Chicago Marathon. Individuals interested in participating are encouraged to get their names in early to ensure they can take part in the series. Registration for the Chicago 13.1 and Shamrock Shuffle launches today with special d
NEW YORK and SAN FRANCISCO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- 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 since its spinout from Nasdaq in 2021. This announcement comes following the January 2024 closing of the company's $62.4 million Series B financing round led by Nasdaq with participation from Allen & Company, Citi, and Goldman Sachs, and with new investments from BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo. NPM p
Starboard Value LP (together with its affiliates, "Starboard" or "we") is the largest shareholder of Algonquin Power & Utilities Corp. (NYSE:AQN) (TSE: AQN) ("Algonquin" or the "Company") with an ownership stake of approximately 9.0%. Today, Starboard announced that it has nominated three highly qualified candidates (the "Starboard Nominees") for election to the Company's Board of Directors (the "Board") at the 2024 Annual General Meeting of Shareholders (the "Annual Meeting"), which has been scheduled for June 4, 2024. The Starboard Nominees are Brett Carter, Chris Lopez and Rob Schriesheim. In connection with its nominations, Starboard sent the below letter to the members of the Board.
CHARLOTTE, N.C., April 26, 2022 /PRNewswire/ -- The 14 board of director nominees were elected, with at least 92 percent of the vote cast in favor of each. An advisory proposal on executive compensation was approved, with more than 94 percent of the vote cast in favor. Management proposals to ratify the appointment of the company's independent accounting firm and to ratify the adoption of the Delaware exclusive forum provision in the company's bylaws were also approved. No stockholder proposals were approved. Results are considered preliminary, with final figures reported on a
Boland brings extensive expertise in consumer-focused, digitally enabled businesses to home services company Frontdoor, Inc. (NASDAQ:FTDR), the nation's leading provider of home service plans, announced today that it has expanded its board of directors to nine on October 21, 2021 and named D. Steve Boland to its board of directors effective immediately. Boland will also serve on the nominating and corporate governance committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211022005104/en/Frontdoor names banking executive D. Steve Boland to its board of directors (Photo: Business Wire) Boland currently serves as chief administ
Bank of America today announced the retirement of Anne Finucane, Vice Chairman, and Thomas Montag, Chief Operating Officer and president of Global Banking and Markets, after many years of distinguished service. Both executives are members of the company's executive management team and report to Chairman and Chief Executive Officer Brian Moynihan. Finucane and Montag will remain in their roles until the end of 2021. Succession plans will be announced in the coming weeks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210826005646/en/Anne Finucane, Vice Chairman (Photo: Business Wire) Finucane and Montag have been instrumental in B
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