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 |
|---|---|---|---|
| 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 |
| 6/14/2024 | $37.00 → $46.00 | Mkt Perform → Outperform | Keefe Bruyette |
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NEW YORK, April 15, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on April 15th Bank of America (NYSE: BAC) reported better than expected results this morning, raising share price pre-market.General Motors (NYSE:GM) and Ford (NYSE:F) rose after President Trump's comments around helping auto companiesJohnson & Johnson (NYSE: JNJ), Citigroup (NYSE:C), and PNC (NYSE:PNC) highlight upcoming earningsOpening BellCaterpillar (NYSE:CAT) celebrates its 100th anni
CHARLOTTE, N.C., April 15, 2025 /PRNewswire/ -- Bank of America reported its first quarter 2025 financial results today. 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 informationChief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss the financial results in an investor conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.2
Young players can enjoy rounds for $5 or less and instructional opportunities through partnership with Youth on Course CHARLOTTE, N.C. and MONTEREY, Calif., April 10, 2025 /PRNewswire/ -- Bank of America today announced the launch of Golf with Us, a new initiative designed to grow the next generation of golfers. Golf with Us offers youth, ages 6-18, a free one-year membership to Youth on Course, courtesy of Bank of America. Enrollment in the program is open until May 24, 2025, and includes access to thousands of courses in 97 markets for $5 or less per round. The courses are i
CHARLOTTE, N.C. , April 8, 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 Share or Depositary Share1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.30499 April 30 May 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,267.78300 May 30 June 16 Adjustable Rate Non-Cumulative Preferred Stock, Series G $1,267.78300 May 30 June 1
More than 90% of employees use AI-driven virtual assistant for increased efficiency CHARLOTTE, N.C. and LONDON and HONG KONG, April 8, 2025 /PRNewswire/ -- Bank of America uses innovative technology to meet and anticipate the needs of its clients and 213,000 employees. For many years, this commitment has carried through in its approach to AI and machine learning. The technology is embedded today across the company's business lines and areas including global technology, operations, and training. "AI is having a transformative effect on employee efficiency and operational excell
CHARLOTTE, N.C., April 8, 2025 /PRNewswire/ -- As previously announced, Bank of America will report its first quarter 2025 financial results on Tuesday, April 15. The results will be released at approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET. 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 InformationFor a listen-only connection to the investor conference call, dial 1.877.200.4456
CHARLOTTE, N.C., March 25, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 2, 2025 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2026 (CUSIP No. 06051GKN8) (the "Floating Rate Notes"), and all $3,000,000,000 principal amount outstanding of its 3.384% Fixed/Floating Rate Senior Notes, due April 2026 (CUSIP No. 06051GKM0) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Notes"). The redemption price for each series of the Notes will be equal to 100% of the
FORT LAUDERDALE, Fla., March 20, 2025 /PRNewswire/ -- Bank of America has named Jason Edelmann president of Bank of America Fort Lauderdale. As president and head of the market, Edelmann will connect clients, teammates, and communities to the full power of the franchise and drive integration across the bank's eight lines of business. "Jason is well positioned to deliver the full breadth of Bank of America to our Fort Lauderdale clients and community and grow market share," said Brian Moynihan, Bank of America chair and chief executive officer. "His leadership will help our For
CHARLOTTE, N.C., March 13, 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 Share or Depositary Share1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.1250000 April 1 April 30 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 April 1 April 24 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 April 15 May
CHARLOTTE, N.C., March 7, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on March 16, 2025 all CAD400,000,000 principal amount outstanding of its Floating Rate Senior Notes, due March 2026 (CUSIP No. 060505GE8, ISIN: CA060505GE87) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of March 16, 2025. Since March 16, 2025 is not a business day, the redemption price of the Notes, together with accrued and unpaid interest, will be paid on the next succeeding business day, March 17, 2025. Interest on the Notes will cease to accrue on the redemption da
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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
Keefe Bruyette upgraded Bank of America from Mkt Perform to Outperform and set a new price target of $46.00 from $37.00 previously
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CHARLOTTE, N.C., April 15, 2025 /PRNewswire/ -- Bank of America reported its first quarter 2025 financial results today. 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 informationChief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss the financial results in an investor conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.2
CHARLOTTE, N.C. , April 8, 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 Share or Depositary Share1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.30499 April 30 May 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,267.78300 May 30 June 16 Adjustable Rate Non-Cumulative Preferred Stock, Series G $1,267.78300 May 30 June 1
CHARLOTTE, N.C., April 8, 2025 /PRNewswire/ -- As previously announced, Bank of America will report its first quarter 2025 financial results on Tuesday, April 15. The results will be released at approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET. 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 InformationFor a listen-only connection to the investor conference call, dial 1.877.200.4456
FORT LAUDERDALE, Fla., March 20, 2025 /PRNewswire/ -- Bank of America has named Jason Edelmann president of Bank of America Fort Lauderdale. As president and head of the market, Edelmann will connect clients, teammates, and communities to the full power of the franchise and drive integration across the bank's eight lines of business. "Jason is well positioned to deliver the full breadth of Bank of America to our Fort Lauderdale clients and community and grow market share," said Brian Moynihan, Bank of America chair and chief executive officer. "His leadership will help our For
CHARLOTTE, N.C., March 13, 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 Share or Depositary Share1 Record Date Payment Date 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.1250000 April 1 April 30 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 April 1 April 24 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 April 15 May
CHARLOTTE, N.C., March 7, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on March 16, 2025 all CAD400,000,000 principal amount outstanding of its Floating Rate Senior Notes, due March 2026 (CUSIP No. 060505GE8, ISIN: CA060505GE87) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of March 16, 2025. Since March 16, 2025 is not a business day, the redemption price of the Notes, together with accrued and unpaid interest, will be paid on the next succeeding business day, March 17, 2025. Interest on the Notes will cease to accrue on the redemption da
MONTEREY, Calif. and CHARLOTTE, N.C., Feb. 24, 2025 /PRNewswire/ -- Youth on Course and Bank of America, one of the world's leading financial institutions, today announced a multi-year, strategic partnership to accelerate youth access to golf and the life-changing opportunities it provides. The partnership will target expansion of golf access across the country for young players who are challenged to find an affordable place to play. "Today is a great day for youth golf, as we partner with one of the world's most respected brands to elevate opportunities for young people acros
20 million clients use Erica® to help manage their finances; interactions with AI-driven virtual assistant surpass 2.5 billion CHARLOTTE, N.C., Feb. 24, 2025 /PRNewswire/ -- Digital interactions by Bank of America clients grew 12% last year, reaching an all-time record 26 billion interactions through a combination of digital logins and proactive alerts. Innovative digital capabilities are enhancing experiences for the company's more than 58 million verified digital clients and helping to drive business growth. Proactive digital alerts – A record 37.6 million clients, up 7% ye
Investments in CashPro® Drive Number 1 Rankings in the Digital Transformation Benchmarking Study Company Named Best Bank for Innovation and Ease of Doing Business Among Other Categories in the Corporate Banking Awards NEW YORK and LONDON and SINGAPORE, Feb. 7, 2025 /PRNewswire/ -- Bank of America's commitment to digital innovation that enhances client experiences has been recognized by Crisil Coalition Greenwich in its 2024 Digital Transformation Benchmarking Study in which the bank received numerous No. 1 rankings. CashPro is the company's digital banking platform accessed by more than 40,000 corporate and commercial clients around the world to manage their treasury, trade and credit operat
CHARLOTTE, N.C., Feb. 5, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA (CUSIP No. 060505EP5), liquidation preference $25,000 per share (the "Preferred Stock"), and the corresponding depositary shares each representing a 1/25th interest in a share of the Preferred Stock (CUSIP No. 060505EN0) (the "Depositary Shares"). The Depositary Shares will be redeemed simultaneously with the Preferred Stock on the upcoming dividend payment date on March 17,
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