Welcome to our dedicated page for Bank of America news (Ticker: BAC), a resource for investors and traders seeking the latest updates and insights on Bank of America stock.
Bank of America Corporation (BAC) is a global leader in financial services, serving millions through consumer banking, wealth management, and institutional solutions. This page aggregates official announcements, strategic initiatives, and market-moving developments from one of the world's most influential financial institutions.
Investors and industry observers will find a curated collection of earnings reports, regulatory filings, and leadership updates, alongside analysis of BAC's digital banking innovations and sustainability efforts. The repository serves as a definitive source for tracking the company's position in global markets, technology adoption trends, and responses to economic shifts.
Content highlights include updates on Merrill Lynch wealth management services, CashPro platform enhancements, and corporate responsibility initiatives. Users can monitor BAC's activities across four core segments: Consumer Banking, Global Wealth Management, Global Banking, and Global Markets.
Bookmark this page for streamlined access to verified information about Bank of America's operational milestones, partnership announcements, and regulatory compliance updates. Check regularly for new insights into how BAC navigates evolving financial landscapes while maintaining its industry leadership.
Bank of America (NYSE:BAC) has maintained its position as the number one small business lender in the U.S. for 17 consecutive quarters, according to FDIC data. The bank's small business loan balances reached $46.7 billion in Q2 2025, marking over 4 years of industry leadership since Q2 2021.
The bank serves nearly 4 million small business households nationwide through a network of local bankers in over 200 communities. Bank of America was recently recognized as the "World's Best Bank for Small and Medium-Sized Enterprises" and received the "North America's Best Bank of Small and Medium-Sized Enterprises" award for the 10th consecutive year from Euromoney.
Bank of America (NYSE:BAC) announced significant leadership changes, appointing Dean Athanasia and Jim DeMare as Co-Presidents, while confirming Alastair Borthwick as Executive Vice President and Chief Financial Officer. Under CEO Brian Moynihan's continued leadership, the Co-Presidents will oversee BAC's eight lines of business and drive company-wide initiatives focused on long-term growth and returns.
The appointments leverage the executives' combined 60 years of financial services experience. Under their previous leadership, the bank achieved notable milestones including 26 consecutive quarters of net checking account growth, 32% deposit growth since 2019, and 13 consecutive quarters of year-over-year growth in sales and trading. In Q2 2025, the bank returned $7.3 billion to shareholders through dividends and share repurchases.
Bank of America (NYSE:BAC) has announced the redemption of its €2 billion Floating Rate Senior Notes that were originally due September 22, 2026. The redemption will take place on September 22, 2025, with a redemption price of €1,000 per €1,000 calculation amount, plus accrued and unpaid interest.
The Notes were issued under BAC's €65 billion Euro Medium-Term Note Program. Following the redemption, BAC will request the Financial Conduct Authority to delist the Notes from the Official List and cancel their trading admission on the London Stock Exchange's regulated market.
Bank of America (NYSE:BAC) and Summit Ridge Energy have closed a $305 million senior secured credit facility to support a portfolio of community solar projects. The facility includes a $281 million term loan and a $24 million letter of credit facility for projects across Illinois and Maryland, totaling 158 megawatts of capacity.
The portfolio will provide energy savings to 5,000 households and businesses while creating 3,000 jobs in construction, engineering, and operations. Bank of America served multiple roles in the transaction, including Structuring Agent and Administrative Agent. The deal expands Summit Ridge's solar portfolio to over 2 GW of projects in operation or development nationwide.
Bank of America (NYSE:BAC) has announced the launch of its Alts Expanded Access Program through Merrill Wealth Management and Bank of America Private Bank, targeting ultra-high-net-worth clients with net worth of $50 million or more. Set to launch in fall 2025, this program offers institutional-grade private market funds and specialized investment opportunities.
The initiative responds to growing demand for alternatives, as evidenced by Bank of America's 2024 study showing 93% of wealthy investors plan to increase their alternative allocations. The program builds on the success of Premium Access Strategies, which has accumulated over $60 billion in client assets within three years.
Bank of America (NYSE:BAC) released its 2025 Workplace Benefits Report, revealing that 26% of workers now seek employer guidance on near-term financial needs, doubling from 13% in 2023. The study, surveying nearly 1,000 employees and 800 employers, shows that while 68% of employees remain optimistic about their financial future, they face challenges with emergency savings and debt management.
The report highlights that 54% of larger employers offer financial wellness programs, compared to only 32% of smaller companies. Notable findings include: 53% of employees haven't met emergency savings goals, 85% carry personal debt, and 67% feel confident about retirement readiness. Employee benefits are increasingly crucial for talent retention, with 24% of workers considering leaving their jobs due to inadequate benefits, up from 15% in 2023.
Bank of America (NYSE:BAC) announced its AI-powered virtual assistant Erica has reached a significant milestone of 3 billion client interactions, serving nearly 50 million users since its 2018 launch. The platform now averages 58 million monthly interactions and has delivered over 1.7 billion personalized insights to clients.
Erica's capabilities include managing spending, budgeting assistance, and investment guidance across nearly 50 topics. The system demonstrates 98% accuracy in providing information and has undergone over 75,000 updates since launch. The AI assistant has expanded beyond retail banking to serve Merrill, Benefits OnLine, and CashPro platforms, while also supporting 90% of Bank of America employees, reducing IT service desk calls by 50%.
The success of Bank of America's AI implementation has earned recognition, including being named the top U.S. consumer bank for AI use by Global Finance magazine.Alaska Airlines (NYSE:ALK) and Bank of America have launched the Atmos™ Rewards Summit Visa Infinite® card, a premium credit card targeting global travelers. The card features a $395 annual fee and offers significant benefits including a unique Global Companion Award redeemable in any service class.
Key features include 3x points on dining and foreign purchases, eight Alaska Lounge passes annually, and accelerated status earning with 1 status point per $2 spent. New cardholders can earn 100,000 bonus points after spending $6,000 in the first 90 days.
The card introduces innovative benefits like instant $50 travel delay credits, points transfers to hotel partners, and the ability to share points with up to 10 other members. Additionally, the existing Alaska Airlines Visa Signature® card will be rebranded as the Atmos Rewards Ascent Visa Signature® card.
Bank of America (NYSE:BAC) has announced it will host an Investor Day on November 5, 2025, in Boston. The event will feature presentations from the company's Management Team and will be accessible via live webcast through Bank of America's Investor Relations website.
As one of the world's leading financial institutions, BAC serves approximately 69 million consumer and small business clients through its network of 3,700 retail financial centers and 15,000 ATMs. The bank's digital platform serves about 59 million verified digital users and provides support to approximately 4 million small business households.
The 2025 Bank of America Chicago Marathon has announced its elite professional field for the 47th running on October 12. Defending champion John Korir (Kenya) returns after his 2024 victory of 2:02:44, aiming to break the sub-2:01 barrier. The men's field features six athletes who have broken 2:04, including Timothy Kiplagat (2:02:55) and Amos Kipruto (2:03:13).
The women's race will crown a new champion, with Ethiopia's Hawi Feysa (2:17:00) and Megertu Alemu (2:16:34) headlining the field. American hopes rest on Dakotah Popehn (2:24:40) and Lindsay Flanagan (2:23:31).
In the wheelchair division, defending champions Catherine Debrunner and Marcel Hug of Switzerland return to defend their titles. More than 53,000 runners are expected to participate in the event.
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