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) generates a steady flow of news as one of the world’s leading financial institutions. Company releases regularly highlight its role in consumer and commercial banking, wealth management, and corporate and investment banking, as well as updates on its capital structure and shareholder distributions. This news page aggregates those announcements so readers can follow developments that may be relevant to Bank of America stock and to the broader financial sector.
Investors will find earnings-related news, such as Form 8-K filings and press releases announcing quarterly and annual financial results, along with details on investor conference calls and accompanying presentation materials. These items provide insight into Bank of America’s performance, capital levels, and management’s commentary on its businesses. The company also issues news about preferred stock dividends, common stock repurchase authorizations, and other actions that affect its various securities listed on the New York Stock Exchange.
Beyond financial reporting, Bank of America’s news includes information on new products and technology initiatives, such as AI-driven treasury tools accessed through its CashPro platform, and consumer offerings tied to major events. Releases also describe community and philanthropic commitments, including grants and zero-interest capital to support disaster recovery, youth programming, arts institutions, and local economic development.
By reviewing the BAC news feed on this page, readers can track how the company communicates about its banking, investing, asset management, and risk management activities, as well as its engagement with communities in the United States and in other markets where it operates. Frequent updates make this a useful resource for monitoring Bank of America’s disclosures over time.
Bank of America (NYSE:BAC) has announced significant hiring initiatives focused on expanding economic opportunities across the United States. The bank commits to hiring 10,000 additional military veterans over the next five years, bringing their total military hires to over 30,000 since 2015. Additionally, BAC plans to double its annual community college hiring to 1,600, targeting 8,000 new hires over five years.
The bank will also create 700 new financial center jobs through the opening of 63 new locations across Alabama, Idaho, Louisiana, and Wisconsin through 2027. These initiatives align with BAC's skills-based hiring approach and commitment to workforce development through its Academy program, which provides structured training and career development opportunities.
Bank of America (NYSE:BAC) has announced raising its U.S. minimum hourly wage to $25, effective early October 2025. This increase will boost the minimum annualized salary for full-time employees to over $50,000, delivering on the company's pledge to reach $25 by 2025.
The bank has demonstrated consistent wage growth, having increased minimum pay by more than $20,000 since 2017. Additionally, 97% of employees have received awards beyond regular compensation, with nearly $5.8 billion awarded since 2017, mostly in restricted common stock. The company also offers comprehensive benefits including 26 weeks of parental leave, backup childcare, and wellness programs.
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.