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Bank Of America Corp. - BAC STOCK NEWS

Welcome to our dedicated news page for Bank Of America (Ticker: BAC), a resource for investors and traders seeking the latest updates and insights on Bank Of America.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bank Of America's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bank Of America's position in the market.

News
Gen Z is Tightening its Belt, with 73% Modifying Lifestyles Due to Inflation
Rhea-AI Summary
BofA's 2023 Better Money Habits Survey reveals changes in Gen Z spending habits due to inflation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
none
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News
Bank of America Announces Redemptions of Floating Rate Senior Notes Due October 2024 and 0.810% Fixed/Floating Rate Senior Notes Due October 2024
Rhea-AI Summary
Bank of America announced the redemption of its Floating Rate Senior Notes and Fixed/Floating Rate Senior Notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
none
-
News
Bank of America to Report Third-Quarter 2023 Financial Results on October 17
Rhea-AI Summary
Bank of America to report third-quarter 2023 financial results on October 17
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
Tags
conferences earnings
News
67% of Small Business Owners Foresee Revenue Increasing Over the Next Year; Supply Chain and Labor Issues Easing
Rhea-AI Summary
67% of small business owners foresee revenue increasing over the next year, supply chain and labor issues easing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
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none
-
News
Charitable Giving by Affluent Households Above Pre-Pandemic Levels, Finds 2023 BofA Study of Philanthropy
Rhea-AI Summary
Affluent households gave an average of $34,917 to charity in 2022, up 19% from pre-pandemic levels. However, 3% fewer households gave to charity in 2022 compared to 2020. Volunteering among affluent population increased to 37% in 2022. Affluent women influence 85% of giving decisions. Millennials and Gen Z are more passionate about climate change. 22% of affluent households use structured giving vehicles. Religious organizations receive the largest share of giving dollars at 36%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.96%
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none
-
News
Bank of America Chicago Marathon Generates Record-Breaking $386 Million for Chicago Economy in 2022
Rhea-AI Summary
The Bank of America Chicago Marathon generated a record-breaking $386 million for Chicago's economy in 2022, a 25% increase from the previous year. The marathon's economic impact has consistently exceeded $300 million since 2018. The event attracted 42,948 participants, with 33% being international visitors. The study showed that the marathon directly contributed over $163 million to the local tourism industry, creating 2,848 jobs and $136.6 million in wages and salary income. The average visitor spent $664 per day. The marathon's success indicates positive growth for the city's tourism industry and economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
News
BofA Survey Finds Many American Workers Optimistic About Their Financial Future, Though Feeling the Strain of Inflation
Rhea-AI Summary
Bank of America's 13th annual Workplace Benefits Report reveals that 67% of employees believe the cost of living is outpacing their salary growth, compared to 58% in 2022. Financial stress is increasing, with employee financial wellness dropping to 42%, the lowest rate since 2010. However, 56% of employees remain cautiously optimistic about their financial well-being in the next 2 to 3 years. Only 2 in 5 employers currently offer financial wellness programs. More employees are prioritizing short-term financial needs over retirement savings, and half of employees are not saving for future healthcare costs. Women are feeling the weight of financial stress, with only 38% feeling financially well in 2023. Employers report lower employee attrition rates this year, but staffing remains a challenge. Bank of America stock is listed on the NYSE (BAC).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
Tags
none
-
News
Bank of America Declares Fourth Quarter 2023 Preferred Stock Dividends
Rhea-AI Summary
Bank of America declares fourth quarter 2023 preferred stock dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
Tags
dividends earnings
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News
Bank of America Increases US Minimum Hourly Wage to $23 as Next Step to $25 by 2025
Rhea-AI Summary
Bank of America increases US minimum hourly wage to $23 as next step to $25 by 2025
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
none
News
Bank of America's inventor base exceeds 7,000
Rhea-AI Summary
Bank of America's inventor base exceeds 7,000, with a patent portfolio of over 6,100 active patents and applications. Up 22% since 1H 2022. 26% of inventors are women. BofA invests over $3 billion/year in new technology. Erica virtual assistant has 76 active patent filings. CashPro Chat expands functionality. Bank of America stock listed on NYSE (BAC).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
none
Stock BAC logo
Bank Of America Corp.

NYSE:BAC

BAC Rankings

#30 Ranked by Market Cap
#3869 Ranked by Stock Gains
#1216 Ranked by Dividends

BAC Stock Data

272.82B
7.84B
13.18%
58.92%
0.91%
Commercial Banking
Finance and Insurance
Link
United States
Charlotte

About BAC

The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded in San Francisco, California.