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 |
|---|---|---|---|
| 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 |
| 9/3/2024 | $45.00 | Hold → Buy | Deutsche Bank |
| 7/9/2024 | $37.00 → $42.00 | Underweight → Neutral | Piper Sandler |
| 7/2/2024 | $48.00 | Neutral → Buy | Seaport Research Partners |
Despite Uncertainty, Prospective Buyers Are Cautiously Optimistic About Market Improvements CHARLOTTE, N.C., May 28, 2025 /PRNewswire/ -- Uncertainty among current homeowners and prospective buyers is at a three-year high, with 60% saying they can't tell whether now is a good time to buy a home or not, compared to 48% two years ago, according to the latest Bank of America Homebuyer Insights Report (PDF), released in coordination with Bank of America Institute's latest On the move analysis. Despite this, 52% of prospective homebuyers are optimistic about the state of the homebu
CHARLOTTE, N.C., May 23, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on June 12, 2025 all CHF 375,000,000 principal amount outstanding of its 0.2525% Senior Notes, due June 12, 2026 (ISIN: CH0474977722; Common Code: 200733517) (the "Notes"). The Notes were issued under the Bank of America Corporation U.S. $65,000,000,000 Euro Medium-Term Note Program. The redemption price for the Notes will be equal to the Optional Redemption Amount of CHF 5,000 per CHF 5,000 Calculation Amount (as specified in the applicable Pricing Supplement dated J
Convenience, Security and Integration with Biometrics Drive Growth in Adoption of QR Sign-In Technology NEW YORK and LONDON and HONG KONG, May 20, 2025 /PRNewswire/ -- Every day, thousands of CFOs and treasurers use QR code technology to sign-in to CashPro, Bank of America's digital banking platform accessed by more than 40,000 corporate and commercial clients around the world to manage their treasury, trade and credit operations and perform self-service requests. The identity and authentication technology, introduced in 2022, recently surpassed two million uses and saw 60% growth in adoption over the last year1. "Nearly every business client uses CashPro as the
Coming June 1, New Customized Cash Rewards Cardholders Will Earn 6% Cash Back and New Unlimited Cash Rewards Cardholders Will Earn 2% Cash Back on All Purchases for the First 12 Months CHARLOTTE, N.C., May 16, 2025 /PRNewswire/ -- Bank of America today announced enhanced cash back rewards offerings for new cardholders of the Customized Cash Rewards credit card and Unlimited Cash Rewards credit card during their first year, delivering even greater value to clients. Available nationwide as of June 1, clients who open a Customized Cash Rewards card will earn 6% cash back in the c
In response to extraordinary demand, bank commits to expanding program to reach even more kids nationwide CHARLOTTE, N.C. and MONTEREY, Calif., May 14, 2025 /PRNewswire/ -- Bank of America has surpassed its goal of enrolling more than 50,000 young golfers in Golf with Us, and has opened the program to an additional 25,000 participants who can enroll online now at BofA.com/GolfWithUs. Launched during the 2025 Masters Tournament last month, Golf with Us offers youth ages 6-18 access to thousands of courses for $5 or less per round through a free one-year membership to Youth on C
New flagship financial center at 2 Bryant Park in New York City Continuing its expansion, company to open centers in Boise, Idaho and 60 other markets CHARLOTTE, N.C., May 13, 2025 /PRNewswire/ -- Bank of America will open more than 150 new financial centers across 60 markets by the end of 2027, including 40 this year and an additional 70 in 2026. Since 2016, Bank of America has invested over $5 billion in its financial centers network, opening new locations and renovating existing centers. "Our continued investment in our financial center network reflects our commitment to me
CHARLOTTE, N.C., May 7, 2025 /PRNewswire/ -- Bank of America today announced the following 2026 reporting dates for quarterly financial results: Fourth quarter 2025 – Wednesday, January 14, 2026First quarter 2026 – Wednesday, April 15, 2026Second quarter 2026 – Tuesday, July 14, 2026Third quarter 2026 – Wednesday, October 14, 2026The results are scheduled to be announced each quarter by press release at approximately 6:45 a.m. ET, with a conference call for investors at 8:30 a.m. ET. Details on how to participate will be provided closer to the scheduled dates. The press releas
Amid elevated long-term interest rates and persistent inflation, investors turn to real assets to help mitigate market risk CHARLOTTE, N.C., April 30, 2025 /PRNewswire/ -- Today, Bank of America released a 2025 Specialty Asset Management (SAM) Outlook (PDF) on the market dynamics impacting commercial real estate (CRE), farmland, timberland and energy assets. The paper finds real assets play an increasingly important role in diversifying a portfolio as investors seek to position themselves for long-term wealth creation in a dynamic market. "Characteristics of real assets, such
The Art Conservation Project will help restore art from around the world; Sydney Opera House and National Portrait Gallery among recipients CHARLOTTE, N.C., April 29, 2025 /PRNewswire/ -- Sixteen cultural institutions have been named as grant recipients of the 2025 Bank of America Art Conservation Project. The selections represent a wide array of artistic styles, media and cultural traditions across the United States, Europe, Asia, Australia and Latin America. Bank of America's Art Conservation Project began in 2010 to help address the critical need to preserve artwork for fu
CHARLOTTE, N.C., April 23, 2025 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, payable on June 27, 2025 to shareholders of record as of June 6, 2025. The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on July 25, 2025 to shareholders of record as of July 11, 2025. Bank of America Bank of America is one of the world's leading financial instit
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Reporting)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Reporting)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Reporting)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
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
LONDON and NEW YORK, April 19, 2021 /PRNewswire/ -- DirectBooks™, the capital markets consortium founded to optimize global financing markets, today announced the launch of Euro and Sterling Investment Grade deal announcements on the DirectBooks platform. The DirectBooks platform launched in Q4 2020 with deal announcement functionality for U.S. Dollar Investment Grade issuances globally, with a common set of structured deal data and document access for institutional investors. As part of its European expansion, DirectBooks also announced the appointment of Duncan Phillips as
CHARLOTTE, N.C.--(BUSINESS WIRE)--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 Share or Depositary Share1 Record Date Payment Date Floating Rate Non-Cumulative, Series E $0.25556 January 29 February 16 Floating Rate Non-Cumulative, Series F $1,000.00000 February 26 March 15 Adjustable Rate Non-Cumulative, Series G $1,000.00000 February 26 March 15 Fixed-to-Floating Rate Non-Cu
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
3 - BANK OF AMERICA CORP /DE/ (0000070858) (Reporting)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
4 - BANK OF AMERICA CORP /DE/ (0000070858) (Issuer)
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
Deutsche Bank upgraded Bank of America from Hold to Buy and set a new price target of $45.00
Piper Sandler upgraded Bank of America from Underweight to Neutral and set a new price target of $42.00 from $37.00 previously
Seaport Research Partners upgraded Bank of America from Neutral to Buy and set a new price target of $48.00
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FWP - BANK OF AMERICA CORP /DE/ (0000070858) (Subject)
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Despite Uncertainty, Prospective Buyers Are Cautiously Optimistic About Market Improvements CHARLOTTE, N.C., May 28, 2025 /PRNewswire/ -- Uncertainty among current homeowners and prospective buyers is at a three-year high, with 60% saying they can't tell whether now is a good time to buy a home or not, compared to 48% two years ago, according to the latest Bank of America Homebuyer Insights Report (PDF), released in coordination with Bank of America Institute's latest On the move analysis. Despite this, 52% of prospective homebuyers are optimistic about the state of the homebu
CHARLOTTE, N.C., May 23, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on June 12, 2025 all CHF 375,000,000 principal amount outstanding of its 0.2525% Senior Notes, due June 12, 2026 (ISIN: CH0474977722; Common Code: 200733517) (the "Notes"). The Notes were issued under the Bank of America Corporation U.S. $65,000,000,000 Euro Medium-Term Note Program. The redemption price for the Notes will be equal to the Optional Redemption Amount of CHF 5,000 per CHF 5,000 Calculation Amount (as specified in the applicable Pricing Supplement dated J
Convenience, Security and Integration with Biometrics Drive Growth in Adoption of QR Sign-In Technology NEW YORK and LONDON and HONG KONG, May 20, 2025 /PRNewswire/ -- Every day, thousands of CFOs and treasurers use QR code technology to sign-in to CashPro, Bank of America's digital banking platform accessed by more than 40,000 corporate and commercial clients around the world to manage their treasury, trade and credit operations and perform self-service requests. The identity and authentication technology, introduced in 2022, recently surpassed two million uses and saw 60% growth in adoption over the last year1. "Nearly every business client uses CashPro as the
Coming June 1, New Customized Cash Rewards Cardholders Will Earn 6% Cash Back and New Unlimited Cash Rewards Cardholders Will Earn 2% Cash Back on All Purchases for the First 12 Months CHARLOTTE, N.C., May 16, 2025 /PRNewswire/ -- Bank of America today announced enhanced cash back rewards offerings for new cardholders of the Customized Cash Rewards credit card and Unlimited Cash Rewards credit card during their first year, delivering even greater value to clients. Available nationwide as of June 1, clients who open a Customized Cash Rewards card will earn 6% cash back in the c
In response to extraordinary demand, bank commits to expanding program to reach even more kids nationwide CHARLOTTE, N.C. and MONTEREY, Calif., May 14, 2025 /PRNewswire/ -- Bank of America has surpassed its goal of enrolling more than 50,000 young golfers in Golf with Us, and has opened the program to an additional 25,000 participants who can enroll online now at BofA.com/GolfWithUs. Launched during the 2025 Masters Tournament last month, Golf with Us offers youth ages 6-18 access to thousands of courses for $5 or less per round through a free one-year membership to Youth on C
New flagship financial center at 2 Bryant Park in New York City Continuing its expansion, company to open centers in Boise, Idaho and 60 other markets CHARLOTTE, N.C., May 13, 2025 /PRNewswire/ -- Bank of America will open more than 150 new financial centers across 60 markets by the end of 2027, including 40 this year and an additional 70 in 2026. Since 2016, Bank of America has invested over $5 billion in its financial centers network, opening new locations and renovating existing centers. "Our continued investment in our financial center network reflects our commitment to me
CHARLOTTE, N.C., May 7, 2025 /PRNewswire/ -- Bank of America today announced the following 2026 reporting dates for quarterly financial results: Fourth quarter 2025 – Wednesday, January 14, 2026First quarter 2026 – Wednesday, April 15, 2026Second quarter 2026 – Tuesday, July 14, 2026Third quarter 2026 – Wednesday, October 14, 2026The results are scheduled to be announced each quarter by press release at approximately 6:45 a.m. ET, with a conference call for investors at 8:30 a.m. ET. Details on how to participate will be provided closer to the scheduled dates. The press releas
Amid elevated long-term interest rates and persistent inflation, investors turn to real assets to help mitigate market risk CHARLOTTE, N.C., April 30, 2025 /PRNewswire/ -- Today, Bank of America released a 2025 Specialty Asset Management (SAM) Outlook (PDF) on the market dynamics impacting commercial real estate (CRE), farmland, timberland and energy assets. The paper finds real assets play an increasingly important role in diversifying a portfolio as investors seek to position themselves for long-term wealth creation in a dynamic market. "Characteristics of real assets, such
The Art Conservation Project will help restore art from around the world; Sydney Opera House and National Portrait Gallery among recipients CHARLOTTE, N.C., April 29, 2025 /PRNewswire/ -- Sixteen cultural institutions have been named as grant recipients of the 2025 Bank of America Art Conservation Project. The selections represent a wide array of artistic styles, media and cultural traditions across the United States, Europe, Asia, Australia and Latin America. Bank of America's Art Conservation Project began in 2010 to help address the critical need to preserve artwork for fu
CHARLOTTE, N.C., April 23, 2025 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, payable on June 27, 2025 to shareholders of record as of June 6, 2025. The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on July 25, 2025 to shareholders of record as of July 11, 2025. Bank of America Bank of America is one of the world's leading financial instit