Bank of America Corporation reports developments across consumer banking, wealth management, corporate and investment banking, global markets and capital actions. The company serves individual consumers, small and middle-market businesses, large corporations, governments and institutions with banking, investing, asset management, lending, trading and risk-management products and services.
Recurring BAC news includes operating and financial results, regular dividends on common and preferred stock, Merrill Wealth Management platform and advisor updates, co-branded credit card partnerships, and community or cultural initiatives such as the Bank of America Art Conservation Project. Coverage also reflects the company's digital banking, small-business services and international banking presence.
Bank of America has announced a significant $1 billion, four-year investment aimed at advancing racial equality and economic opportunity. To date, the bank has completed 7 equity investments in Minority Depository Institutions and Community Development Financial Institutions, acquiring approximately 4.9% of common equity in each. These investments total $50 million, and are part of a broader $1.6 billion CDFI portfolio designed to provide capital access to underserved communities across all 50 states.