Press releases - Bank of America Newsroom
WEB3 days ago · Read the latest press releases from Bank of America to stay informed about recent happenings within the organization.
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 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.
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...
BofA’s Hartnett Says Buy Bonds and Gold as Bubble Risk
WEB12 hours ago · September 20, 2024 at 4:58 AM EDT. Save. The euphoria in equity marketsfollowing the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making bonds and gold an attractive ...
BofA now expects Fed to go for 75 bps in rate cuts in Q4 - Yahoo …
WEB1 day ago · Advertisement. (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 ...
Bank of America Announces Full Redemption of Its Series Z …
WEB1 hour ago · For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. www.bankofamerica.com.
Post-rate cut bubble risks mean investors should buy bonds and …
WEB3 hours ago · Post-rate cut bubble risks mean investors should buy bonds and gold, Bank of America says. Stocks look poised for gains amid a fresh Fed easing cycle, BofA's Michael Hartnett says. But that means ...
BofA profit beats estimates on interest income, decade high …
WEBOct 17 (Reuters) - Bank of America's (BAC.N) third-quarter profits beat Wall Street estimates as it joined other big lenders in earning more on loan interest payments, while also...