Bank of America Newsroom
WEBThe Bank of America newsroom provides the latest news, quarterly financial results, executive biographies and journalist resources so you can stay informed and up to date.
BofA Raises U.S. Minimum Hourly Wage to $24, Increasing …
WEBSep 10, 2024 · Today, 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 rise to nearly $50,000. The increase applies to all …
Bank of America Reports Profit Jump on Higher Interest Rates
WEBJul 18, 2023 · Bank of America reported a profit of $7.4 billion last quarter, up nearly 20 percent from the year before. Revenue grew more than 10 percent, to $25.2 billion in the second quarter.
Bank of America Reports Third-Quarter 2023 Financial Results
WEBOct 17, 2023 · Bank of America reported its third-quarter 2023 financial results today. The news release, supplemental filing and investor presentation can be accessed at Bank of America's...
BofA Unifies Mobile Apps for Banking, Investing, and Retirement …
WEBMar 21, 2024 · The Bank of America mobile app is one of the first in the industry to combine banking, investing and retirement within one simplified mobile experience. Additional features of the reimagined...
Bank of America Revamps Leadership, but C.E.O. Plans to Stick …
WEBSep 10, 2021 · Bank of America made sweeping changes to the company’s leadership Friday that elevated several executives, including three women, to senior jobs and all but guaranteed that Brian Moynihan,...
Bank of America Earnings Beat Forecasts With 10% Rise in Profit
WEBOct 17, 2023 · Bank of America reported its third-quarter earnings. Shares edged higher in morning trading, up about 0.4%. The company earned $7.8 billion, up 10% from $7.1 billion a year earlier.
Bank of America announces new CFO, technology & legal heads
WEBSep 10, 2021 · D. Steve Boland has been named chief administrative officer, succeeding Andrea Smith, who is retiring after 34 years at the bank. The five new management team members are Bhasin, Scrivener,...
BofA only top brokerage to raise forecast for Fed's 2024 rate cuts
WEB12 hours ago · (Reuters) -BofA Global Research was the only major brokerage to raise its forecast for the Federal Reserve's anticipated interest-rate cuts for the rest of 2024, a day after the U.S. central bank ...
Press releases - Bank of America Newsroom
WEB2 days ago · Read the latest press releases from Bank of America to stay informed about recent happenings within the organization.