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Bank of America Debuts New Knockout Round Beads for Free In-Demand BofA Fan BandsJune 29, 2026 10:00 AM
PR Newswire (US) BofA has given away more than 700,000 fan bands across 11 U.S. host cities in first two weeks of the FIFA World Cup 2026™ New system allows fans to fully experience FIFA Fan Festivals™ with reserved spot to create their custom BofA Fan BandKey pointsBank of America is introducing new BofA Fan Band beads for the Round of 16, Quarter-final, Semi-final and Final matches of FIFA World Cup 2026™.BofA Fan Bands are the must-have item from the tournament, with more than 700,000 distributed.New BofA Fan Band experience is set to launch at the NYNJ World Cup 26 & Telemundo Fan Village at Rockefeller Center, starting Monday, July 6.CHARLOTTE, N.C., June 29, 2026 /PRNewswire/ -- As the group stage concludes, Bank of America, the Official Bank of FIFA World Cup 2026™, is launching new collectible beads for its viral BofA Fan Bands, celebrating the tournament's Round of 16 all the way through to the Final in New York New Jersey. Since the tournament began, more than 700,000 BofA Fan Bands have been distributed across the country. Starting during the Round of 16, new knockout round beads will be available featuring custom colors for each host city. These new beads add to the diverse collection – allowing fans to pay tribute to the culture, energy and spirit of the American host cities welcoming FIFA World Cup 2026™."The enthusiasm for BofA Fan Bands has been incredible," said David Tyrie, President, Marketing, Digital and Specialized Consumer Client Solutions. "Our goal is to give fans a new way to connect with the tournament and celebrate the teams and host cities they love. It's been exciting to see the creativity behind the designs, and these new knockout-stage beads build on that momentum as the competition heats up."How to reserve your time to make a BofA Fan BandThe demand for the BofA Fan Bands has been unprecedented. To help ensure every fan has the best possible experience at FIFA Fan Festival™ activations, Bank of America has introduced a new wristband system that will allow fans to reserve a time to create their custom BofA Fan Band.When fans come to the Bank of America Fan Experience, they will receive a wristband that corresponds to one of a limited number of timeslots available to customize their BofA Fan Band. This new approach gives fans more time to enjoy the full FIFA Fan Festival™.Where to get BofA Fan BandsFans can find BofA Fan Bands at all FIFA World Cup 2026 stadiums in the U.S. on matchdays, FIFA Fan Festivals™ and BofA Mobile Tour locations. The latest details on BofA Fan Band opportunities can be found on Bank of America's newsroom.For the final stages of the tournament, Bank of America will also showcase its BofA Fan Band experience at the NYNJ World Cup 26 & Telemundo Fan Village at Rockefeller Center. Attendees of the Fan Village, opening Monday, July 6 through the final match on Sunday, July 19, will be given wristbands to reserve a time that day to build customized BofA Fan Bands in the heart of New York City.Frequently asked questionsQuestion: What are BofA Fan Bands?
Answer: BofA Fan Bands are collectible bracelets available in red, blue and black featuring 140 custom-designed beads, inspired by the FIFA World Cup 2026™, host city landmarks and national team colors. Bank of America will be providing more than 10 million beads and more than 2 million bracelets.Question: How many beads and bracelets have been distributed so far?
Answer: Since launching on June 11, Bank of America has distributed more than 700,000 BofA Fan Bands.Question: What do the new knockout round bead designs look like?
Answer: The knockout round beads feature colors that match the host market while signifying the stage of the tournament.Question: Where can fans pick up the new knockout round beads?
Answer: The new beads will be available in the host cities hosting knockout rounds at Stadium Fan Experiences, FIFA Fan Festivals™ and BofA Fan Band Mobile Tour locationsQuestion: How does the new reservation system work at FIFA Fan Festivals™?
Answer: To help streamline access, you can now visit a BofA Fan Band station to get a wristband that reserves a specific time slot. This allows you to explore the festival and return at your designated time to create your band.Question: Is the NYNJ World Cup 26 & Telemundo Fan Village at Rockefeller Center free to attend?
Answer: Yes. The NYNJ World Cup 26 & Telemundo Fan Village at Rockefeller Center is free and open to the public. It will feature match screenings, live programming and the chance to build a customized BofA Fan Band running from Monday, July 6 through the Final on Sunday, July 19. Attendees will be given a wristband that allows them to reserve a time later that day to create a custom BofA Fan Band.Question: How can I track where the BofA Fan Band Mobile Tour is stopping next?
Answer: The BofA Fan Band Mobile Tour is traveling across Los Angeles, New York/New Jersey, San Francisco and Seattle to bring the celebration directly to local communities. For the latest tour schedule, stops and updates on where you can build your band, please visit Bank of America's newsroom.While all West Coast tours are first come first serve pending inventory, New York New Jersey is a custom Fan Band experience and requires a timed wristband which is distributed at the beginning of opening hours. About Bank of America Sports Commitment
Beyond its growing soccer partnership portfolio, Bank of America partners with iconic brands in sports that share a vision for excellence and achievement. Through these partnerships, the bank works to deepen client relationships, inspire and showcase its teammates, create lasting economic impact in communities, and drive local and global growth through the unifying power of sport.Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contact
Andy Aldridge, Bank of America
andrew.aldridge@bofa.com View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-debuts-new-knockout-round-beads-for-free-in-demand-bofa-fan-bands-302813151.htmlSOURCE Bank of America Corporation Original: Bank of America Debuts New Knockout Round Beads for Free In-Demand BofA Fan Bands

Bank of America Declares Preferred Stock Dividends Payable in July and August 2026June 11, 2026 4:15 PM
PR Newswire (US) CHARLOTTE, N.C., June 11, 2026 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: Series of Preferred Stock
Dividend per Share
or Depositary Share1
Record Date
Payment Date7.25% Non-Cumulative
Perpetual Convertible
Preferred Stock, Series L
$18.1250000
July 1
July 305.875% Non-Cumulative
Preferred Stock, Series HH
$0.3671875
July 1
July 244.375% Non-Cumulative
Preferred Stock, Series NN
$0.2734375
July 15
August 36.625% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series OO
$16.5625000
July 15
August 34.125% Non-Cumulative
Preferred Stock, Series PP
$0.2578125
July 15
August 34.375% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series RR
$10.9375000
July 1
July 276.125% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series TT
$15.3125000
July 1
July 276.250% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series UU
$15.6250000
July 1
July 271 Each series of preferred stock, other than Series L, is represented by depositary shares.Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.Investors may contactLee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.comJonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.comReporters may contactJocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-preferred-stock-dividends-payable-in-july-and-august-2026-302797499.htmlSOURCE Bank of America Corporation Original: Bank of America Declares Preferred Stock Dividends Payable in July and August 2026

Bank of America Highlights Surging Demand for AI-Led Treasury, Fx Solutions in Asia PacificJune 9, 2026 8:00 PM
PR Newswire (US) Key points250+ corporate and financial institution leaders convene in Singapore as APAC payments market reaches ~US$18 trillion1Bank of America held its annual Treasury Leaders Summit (TLS) and Financial Institutions (FI) Forum events in Singapore to discuss the role of AI-led platforms for treasury, trade and paymentsNow in their 15th year, the events continue to convene clients and market participants to address key industry issuesSINGAPORE, June 9, 2026 /PRNewswire/ -- Increasingly complex operating environment for trade and capital flows, elevated FX volatility and evolving liquidity risks are accelerating demand for AI-driven treasury, trade and currency solutions among Asia Pacific companies as they look to enhance resilience and performance. This was a key takeaway from Bank of America's annual flagship client events held in Singapore – TLS (May 20) and FI Forum (May 21), which brought together more than 250 senior treasury and financial institution leaders from top global corporates, banks, asset managers and insurers.Bank of America, the second largest bank in the world by market capitalization, has been hosting the TLS and FI Forum events for over 15 years, bringing together clients, market participants and policy makers to address the most pressing trends shaping payments, liquidity and transaction banking.With more than US$13 billion in annual technology spend, Bank of America remains at the forefront of innovation, delivering world class solutions such as CashPro® and Intelligent Receivables®. These platforms help clients achieve real-time cash visibility, streamline payments and liquidity management, and enhance reconciliation capabilities at scale.Hosted by Winnie Chen, Head of Global Payments Solutions (GPS), Asia Pacific at Bank of America, alongside senior global and regional leaders, the TLS and FI Forum underscored the US lender's role as a trusted strategic partner, convening clients to exchange insights, accelerate innovation and drive tangible outcomes."In an environment defined by persistent volatility and structural shifts, clients are seeking insights that go beyond theory," said Winnie Chen. "There is a clear pivot toward data and AI-driven capabilities that can help clients strengthen resilience, sharpen decision-making and deliver measurable results."The events were held at a time when the Asia Pacific payments market has reached an estimated US$18 trillion in transaction value, highlighting a significant opportunity to optimize treasury, payments and risk management strategies in an increasingly complex environment."Bank of America's global platform, combined with our AI-enabled capabilities, positions us strongly to deliver seamless solutions that help clients navigate complexity and unlock growth," Chen added.Frequently asked questionsQuestion: Who organizes the TLS and FI Forum events?Answer: Bank of America's Global Payments Solutions (GPS) team organizes the Treasury Leadership Summit (TLS) and Financial Institutions (FI) Forum across Asia Pacific, with Singapore hosting its flagship editions. The bank has convened these events for over 15 years, reinforcing its long-standing commitment to client engagement and industry leadership.Question: What is the objective of these events?Answer: The forums are designed to bring together senior leaders from corporates and financial institutions to exchange perspectives on navigating market complexity. They provide a platform for peer-level dialogue focused on strengthening resilience, advancing innovation and delivering tangible outcomes amid evolving macroeconomic conditions, technological transformation and shifting client expectations.Question: What differentiates Bank of America's Global Payments Solutions from its peers?Answer: Bank of America's Global Payments Solutions business differentiates itself through the combination of its global network, deep industry expertise and sustained investment in technology innovation. With more than US$13 billion in annual technology spend, the bank delivers AI-enabled platforms such as CashPro® and Intelligent Receivables that provide clients with real-time insights, integrated liquidity management and scalable solutions. This positions Bank of America to help clients navigate complexity, enhance efficiency and drive growth across markets.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contactKaustubh Kulkarni, Bank of America
Phone: +65 6678.1677
kaustubh.kulkarni@bofa.com1 Mordor Intelligence data View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-highlights-surging-demand-for-ai-led-treasury-fx-solutions-in-asia-pacific-302794813.htmlSOURCE Bank of America Corporation Original: Bank of America Highlights Surging Demand for AI-Led Treasury, Fx Solutions in Asia Pacific

BofA Names Chip McLeod Upstate South Carolina PresidentJune 5, 2026 1:00 PM
PR Newswire (US) Stacy Brandon retires after 39 years with the company Key PointsBank of America announced that Chip McLeod has been named president of Upstate South Carolina.McLeod succeeds Stacy Brandon, who retired from BofA after 39 years.McLeod will lead Bank of America's efforts to grow market share in the Upstate, which includes Anderson, Greenville, Laurens, Pickens, and Spartanburg counties.GREENVILLE, S.C., June 5, 2026 /PRNewswire/ -- Bank of America announced that Chip McLeod, Merrill Lynch Wealth Management senior resident director, has been named president of Upstate South Carolina. He succeeds Stacy Brandon, who led the market for more than 10 years and retired from the company after 39 years. As president and head of the market, McLeod will connect clients, teammates, and communities to the full power of the franchise and drive collaboration across the company's eight lines of business. He will lead Bank of America's efforts to grow market share in the Upstate by building strong local connections and identifying opportunities to deepen and expand relationships."Chip's established leadership and experience will ensure we're delivering on our responsible growth strategy to deepen relationships with clients, the community and teammates," said Brian Moynihan, chair and chief executive officer of Bank of America. "Chip will continue to grow our market share in the Upstate, delivering the full breadth of Bank of America's capabilities to help our local clients improve their financial lives. We thank Stacy for her remarkable 39 years of service with the company."McLeod has more than three decades of experience in wealth management and financial services. He joined Merrill in 2007 and leads its work in Spartanburg, South Carolina, overseeing 14 associates.McLeod is active in communities across South Carolina. Governor Hodges appointed him to the Council of Advisors on Consumer Credit in 2001, and he still serves. He is president of the Spartanburg Downtown Rotary and is a past president of the Spartanburg Estate Planning Council and the Spartanburg Philharmonic Board. He is also a former board member of the South Carolina Council on Economic Education at the Darla Moore School of Business at the University of South Carolina. He graduated from Clemson University.Market facts: Bank of America Upstate South Carolina270 local Bank of America and Merrill employees at 20 locations supporting clients.Since 2020, Bank of America has invested $3.8 million in philanthropic funding for organizations across Upstate South Carolina to empower community leadership, drive economic mobility and support individuals in achieving their goals.Bank of America has extended $67.8 million in small-business loans and $643 million in commercial loans in the Upstate, helping fuel economic growth, entrepreneurship, and job creation.Since 2020, Bank of America employees in the Upstate have volunteered more than 26,000 hours to support local nonprofits, businesses, and community initiatives.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contact
Matthew Daily, Bank of America
Phone: 1.404.607.2844
matthew.daily@bofa.com View original content to download multimedia:https://www.prnewswire.com/news-releases/bofa-names-chip-mcleod-upstate-south-carolina-president-302791853.htmlSOURCE Bank of America Corporation Original: BofA Names Chip McLeod Upstate South Carolina President

Bank of America Deepens Support for the Arts in CanadaMay 29, 2026 9:00 AM
PR Newswire (US) New funding supports cultural preservation initiatives in Montreal and Toronto, including sponsorship of major international conservation conferenceKey pointsExpanded funding and programming help to preserve art and cultural heritage in CanadaSupport combines conservation leadership with long–standing local ties in CanadaSince 2013, Bank of America has funded several initiatives in Canada spanning restoration projects and partnerships with leading cultural institutionsBank of America's roots in Canada go back to 1903TORONTO, May 29, 2026 /PRNewswire/ -- Bank of America today announced three major initiatives supporting the arts in Canada, including recent funding for restoration projects in Montreal and Toronto, as well as lead sponsorship of the American Institute for Conservation's Annual Meeting and Conference, which took place this year in Montreal. These efforts build on the firm's long-standing commitment to cultural preservation in Canada. Since 2013, Bank of America has supported several cultural initiatives across the country through its global Art Conservation Project and partnerships with leading cultural institutions, helping to conserve important works of art and expand public access to the arts."At Bank of America, we believe that investing in the arts enriches lives, and we support nonprofit partners to expand access while preserving art and heritage for future generations," said Drew McDonald, Country Executive and President of Bank of America Canada. "We're especially proud of our long-standing roots in Canada, dating back to 1903, and of our broad presence across the country of 1,000 teammates who help clients drive growth globally."Montreal
Bank of America is providing funding to the Montreal Museum of Fine Arts (MMFA) to restore Alice Rahon's Juggler (1946) through its Art Conservation Project. It is one of only 18 historic artworks worldwide to receive the conservation grant by the firm.A complex marionette sculpture – with a deeply moving story, Juggler was created shortly after World War II, when Rahon, an eminent ?gure of the Surrealist movement, turned to the cosmos to contemplate the continuation of humanity after such a catastrophe.The work is in unstable condition today. The current system of presentation in a transparent plexiglass box induces physical stress in the structure and increases the risk of breakage, torsion, and deformation of the metallic components and micro-lift in the gold paint layer.The grant will enable the complete restoration of the artwork, bringing together MMFA curators, conservation specialists, and a puppeteer to conduct expert analysis, restore movement, and create a custom suspension harness and display case that ensure long-term protection while honoring the work's identity as a marionette."Alice Rahon's Juggler is an extraordinary work of postwar Surrealism, and its conservation is essential to preserving the stories and artistic voices that shape our cultural memory," said Mary-Dailey Desmarais, Zhao-Ionescu Chief Curator of the Montreal Museum of Fine Arts. "The financial support enables us to stabilize and restore this remarkably delicate sculpture so it can be shared with the public as the artist intended. The collaboration with the bank allows us to protect a vital piece of artistic heritage and deepen our commitment to conservation excellence in Canada."In line with Bank of America's commitment to art conservation, the firm was the lead sponsor of the American Institute for Conservation's (AIC) Annual Meeting and Conference this year —marking its fourth year supporting the event—which took place in Montreal. AIC is a leading membership association for conservators and allied professionals dedicated to preserving cultural heritage, representing more than 3,500 individuals across more than 40 countries.This year's programming included talks, panels, and presentations centered on the theme "Conservation at the Intersection of Innovation and Tradition," exploring how conservation practices evolve at the edge of experimentation while remaining deeply rooted in continuity, legacy, and community.As part of the conference, the AIC led a Community Partnership Project at McGill University's Redpath Museum. Also supported by Bank of America, the initiative brought together emerging and established conservation professionals to help improve storage conditions for the museum's collections. The team worked on the conservation of a unique collection of historic woven baskets and developed a plan to enhance the institution's long-term preservation capabilities."Bank of America's support for our meeting and this project continue to demonstrate their outstanding commitment to preservation and the arts," said Lissa Rosenthal-Yoffe, Executive Director of AIC. "Being able to gather as a community and give back to our hosting city is incredibly meaningful—Bank of America is an essential partner in this work." Toronto
The Art Gallery of Ontario (AGO) in Toronto also received funding from the Bank of America Art Conservation Project™ for a restoration project to support the conservation of three works by Canadian painter Pegi Nicol MacLeod (1904–1949), an influential pioneer of Modernism."Pegi Nicol MacLeod was a trailblazing Modern artist, and her paintings are a treasured part of the AGO Collection. Stabilizing these works so they may return to public view is an important step in advancing recognition of her remarkable legacy," said Maria Sullivan, Head of Conservation, Art Gallery of Ontario. "Thanks to Bank of America's generous support, our conservation team can address long–standing structural challenges in these paintings and ensure that MacLeod's vivid, dynamic vision can once again be experienced by audiences in Canada and beyond."Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contact
Tom Rottcher, Bank of America
Phone: 1.551.275.7211
thomas.f.rottcher@BofA.com View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-deepens-support-for-the-arts-in-canada-302785610.htmlSOURCE Bank of America Corporation Original: Bank of America Deepens Support for the Arts in Canada

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US Market News 1月前

Bank of America Community Homeownership Commitment Delivers Over $15 Billion in Affordable Home Loans and GrantsMay 28, 2026 9:00 AM
PR Newswire (US) Program will become a standing commitment, continuing to help individuals and families overcome barriers to homeownership amid persistent affordability challengesKey pointsBank of America is continuing its Community Homeownership Commitment after delivering more than $15 billion in affordable home loans since 2019.The program has supported more than 57,000 homebuyers and provided over $600 million in down payment and closing cost grants nationwide.Through CHC, consumers can continue to access non-repayable grants, affordable lending solutions and free education resources to address affordability challenges in today's housing market.CHARLOTTE, N.C., May 28, 2026 /PRNewswire/ -- Bank of America announced today that its Community Homeownership Commitment will remain in place following the successful delivery of more than $15 billion in affordable home loans, including over $600 million in down payment and closing cost grants, to 57,000 homebuyers across communities nationwide. This multi-year initiative, launched in 2019, has expanded access to affordable and sustainable homeownership. "Affordability remains one of the biggest barriers to homeownership today," said Matt Vernon, head of Consumer Lending at Bank of America. "Continuing this commitment reflects years of focused work to help more people move from aspiration to ownership through responsible lending and targeted solutions, while recognizing that the challenges in today's housing market are ongoing."The Community Homeownership Commitment reinforces Bank of America's long-standing effort to help people access sustainable homeownership by reducing upfront costs in markets where affordability pressures have intensified. It includes affordable mortgage products, non-repayable grants, financial education resources and access to dedicated lending professionals and community partners.The program offers:A down payment grant of up to $10,000 (or 3% of home purchase price, whichever is less) to help eligible buyers address one of the biggest barriers to homeownership in select areas.Up to $7,500 through America's Home Grant®, which can be applied toward eligible non-recurring closing costs — such as title insurance and recording fees — or used to permanently buy down the interest rate.Low-down-payment mortgage options designed for low- to moderate-income borrowers and first-time homebuyers.As a key part of the program, Bank of America partners with more than 300 nonprofit, HUD-certified housing counseling organizations nationwide to provide homebuyer education and preparation. The bank collaborates with strategic trade partners to engage real estate professionals in supporting modest income and first-time buyers. Additionally, we work with hundreds of community down payment assistance programs, housing choice voucher programs and grant providers to help buyers maximize available resources for homebuyers.Frequently asked questionsQuestion: Are you re-committing to another $15 billion in loans and grants?
Answer: We have not set a new, specific dollar target for the bank. Rather, having achieved the $15 billion goal established in 2019, we have decided to continue the program and its solutions because affordability remains a significant challenge for many prospective homeowners in today's housing market.Question: Is the program running indefinitely now?
Answer: Yes, as the program has helped address barriers to homeownership over the past several years, today's environment—marked by rising housing costs, higher interest rates, and limited housing supply—continues to create challenges for individuals and families. Our Community Homeownership Commitment is now an ongoing program, allowing us to build on what has worked and remain responsive to ongoing affordability pressures in many communities.Question: Will the program continue to offer the same benefits?
Answer: Yes. The program will continue to offer down payment and closing cost grants, low-down-payment mortgage options, financial education, and access to dedicated lending specialists and community partners. These tools are designed to help more people responsibly achieve sustainable homeownership in markets where affordability challenges persist.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contactSusan Atran, Bank of America
Phone: 1. 646-599-3300
susan.atran@bofa.com View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-community-homeownership-commitment-delivers-over-15-billion-in-affordable-home-loans-and-grants-302784290.htmlSOURCE Bank of America Corporation Original: Bank of America Community Homeownership Commitment Delivers Over $15 Billion in Affordable Home Loans and Grants

NYSE Content Update: Mastercard Celebrates Two Decades as NYSE-Listed CompanyMay 26, 2026 8:55 AM
PR Newswire (US) NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, May 26, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Ashley Mastronardi delivers the pre-market update on May 26thInvestors are monitoring new developments in the Middle East as President Trump says talks with Iran to end the conflict are 'proceeding nicely.'Dell Technologies (NYSE: DELL) rose more than 16% on Friday after Bank of America (NYSE: BAC) analysts reiterated a 'buy' rating for the tech giant.Mastercard (NYSE: MA) President and CTO Ed McLaughlin will join NYSE Live to discuss the company's evolution from a card-centric business to a broad digital platform.Opening Bell
Mastercard (NYSE: MA) celebrates the 20th anniversary of its IPOClosing Bell
Goldman Sachs (NYSE: GS) celebrates the 25th anniversary of the Goldman Sachs Asian NetworkFor market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com View original content to download multimedia:https://www.prnewswire.com/news-releases/nyse-content-update-mastercard-celebrates-two-decades-as-nyse-listed-company-302781829.htmlSOURCE New York Stock Exchange Original: NYSE Content Update: Mastercard Celebrates Two Decades as NYSE-Listed Company

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US Market News 1月前

Bank of America Outlook Sees Renewed Opportunity Across Commercial Real Estate, Farmland, Timberland and EnergyMay 21, 2026 10:00 AM
PR Newswire (US) Key findingsReal assets remain an important diversification tool in uncertain markets.Improving fundamentals are reshaping opportunities in commercial real estate and land.Rising power demand driven by AI is changing the energy investment landscape.CHARLOTTE, N.C., May 21, 2026 /PRNewswire/ -- Bank of America today released its 2026 Specialty Asset Management Outlook, highlighting investment opportunities across commercial real estate (CRE), farmland, timberland, and energy. As capital markets reopen and short-term borrowing costs decline, the report reveals a more constructive investment environment for real-asset investors in 2026 and beyond. "In uncertain markets, real assets can serve as a powerful diversifier for ultra-high-net-worth individuals and institutions," said Ken Shepard, Head of Specialty Asset Management at Bank of America. "Real assets' historically low correlation to traditional assets and potential inflation-hedging characteristics can dampen the effects of volatility over the long term while helping provide differentiated returns."CRE turns the corner with improving fundamentals and emerging capital market rebound
After a significant interest-rate driven reset that began in 2022, CRE appears to be turning the corner, with values at or nearing an inflection point. Vacancies have largely peaked, new forward supply is muted, and negative appreciation returns have faded, approaching positive territory as transaction activity picks up and more capital enters in the market. Fundamentals are poised to continue improving, supported by secular demand trends (industrial, apartments, medical) and cyclical trends (retail and apartments). Together, these dynamics position CRE as an increasingly attractive entry point for long-term investors.Farmland recalibrates with opportunities in select markets
Farmland markets are entering a recalibration phase following several years of strong appreciation. While excess commodity supply and trade and interest-rate uncertainty continue to weigh on near-term conditions, their impact has eased compared with a year ago, reinforcing farmland's durable long-term role in diversified portfolios. Its inflation-resistant profile and stable income potential continue to attract investors, with value opportunities emerging in markets such as California, where climate conditions in the Central Valley support permanent crops, and the Northern Plains, driven by strong livestock markets.Timberland supported by improving housing demand
Elevated construction and borrowing costs weighed on U.S. housing in 2025 and put short-term pressure on lumber prices. Despite these headwinds, long-term timberland fundamentals remained stable, and the U.S. South continued to attract significant sawmill and bioenergy investment. Improving housing demand and increased timber consumption are expected to drive long-term timberland value appreciation. Looking ahead, disciplined market monitoring and proactive asset management, rather than simply a buy-and-hold approach, can help investors capture emerging opportunities in the sector.Energy markets shift as AI drives power demand
In 2026, demand is rising for reliable electricity as artificial intelligence, data centers, and broader electrification accelerate and place increasing strain on aging power grids. Oil markets continue to introduce uncertainty amid geopolitical risks, evolving supply dynamics, and changing energy security priorities. Meanwhile, natural gas will continue to play a growing role in meeting energy needs. The balance between fuel abundance and power scarcity will be a defining theme for investors.Read Bank of America's full 2026 Specialty Asset Management Outlook.Frequently asked questionsQuestion: What is Bank of America's Specialty Asset Management group?
Answer: Bank of America's Specialty Asset Management (SAM) group helps clients integrate real assets into their broader wealth management plans through a disciplined, long-term approach. Backed by decades of hands-on expertise, the team provides investment guidance, oversight, and stewardship for a range of specialty assets, including commercial real estate, farmland, timberland, energy and mineral interests, and private businesses. The SAM team works with advisors and their clients who already own real assets or are considering acquiring them. Today, the team manages client assets with a total asset value of over $13 billion.Question: How are specialty assets different from traditional investments?
Answer: Specialty assets often involve operating considerations, unique risk profiles, and longer holding periods than traditional financial assets. They require active oversight and specialized expertise, particularly around liquidity needs, valuation, and operations. Importantly, these assets often behave differently from traditional stocks and bonds, which can make them a non-correlated option within a broader, diversified portfolio. For many ultra-high-net-worth families and institutions, specialty assets also represent holdings tied to legacy, making thoughtful management and oversight especially important.Question: How does the Specialty Asset Management group support clients across market cycles?
Answer: For ultra-high-net-worth clients and institutions, specialty assets often carry both significant financial value and long-term legacy considerations. The SAM group supports clients across market cycles by providing consistent governance and oversight, with a focus on risk management, cash-flow sustainability, and long-term asset stewardship. This includes monitoring market developments, overseeing third-party operators and advisors, and helping ensure specialty assets remain aligned with clients' broader objectives as markets, regulations, and legacy goals evolve over time.Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contactCarolyn Batt, Bank of America
Phone: 1.646.983.1369
carolyn.batt@bofa.comMAP #8927124Important disclosuresInvesting involves risk. There is always the potential of losing money when you invest in securities or real assets. Past performance does not guarantee future results. Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets.Neither Bank of America Private Bank nor any of its affiliates or advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.Credit and collateral subject to approval. Terms and conditions apply. Programs, rates, terms and conditions subject to change without notice.Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC (Federal Deposit Insurance Corporation) and wholly owned subsidiary of Bank of America Corporation ("BofA Corp."), and its agents.Bank of America Private Bank is a division of Bank of America, N.A.U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation.Investment products:Are Not FDIC InsuredAre Not Bank GuaranteedMay Lose ValueBank of America, N.A., and U.S. Trust Company of Delaware (collectively the "Bank") do not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/services or referrals to other affiliates of the Bank. View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-outlook-sees-renewed-opportunity-across-commercial-real-estate-farmland-timberland-and-energy-302778737.htmlSOURCE Bank of America Corporation Original: Bank of America Outlook Sees Renewed Opportunity Across Commercial Real Estate, Farmland, Timberland and Energy

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US Market News 1月前

BofA Study Finds Fewer Gen Z Rely on Family for Financial Assistance, Even With 42% Living Paycheck to PaycheckMay 19, 2026 9:08 AM
PR Newswire (US) From $0 date nights to loud budgeting, Better Money Habits® Survey reveals how Gen Z is managing through affordability challenges and social spending pressureKey findingsNearly 70% of Gen Z have taken concrete steps to manage rising costs in the past year.The high cost of living remains a challenge, with nearly half (49%) of Gen Z citing it as a top barrier to financial success.Roughly half (51%) of Gen Z spend $0 per month on romantic dates, and nearly a quarter (24%) say they are delaying moving relationships forward due to finances.60% of Gen Z talk openly about money with friends, and 75% look for ways to save when going out.CHARLOTTE, N.C., May 19, 2026 /PRNewswire/ -- According to the Bank of America 2026 Better Money Habits® financial education study, 81% of Gen Z (ages 18-29) say it's important to be perceived by others as financially responsible, and fewer are relying on family for financial assistance. Today, 34% of Gen Z report receiving some form of financial assistance from their parents or other family members, down from 46% in 2024. When examined more closely, while 51% of younger Gen Z (ages 18-22) receive financial assistance, this drops to 29% for middle Gen Z (23-25) and just 18% for older Gen Z (26-29). Redefining what it means to take control of their finances in early adulthood, nearly 70% of Gen Z have taken concrete steps in the past year to manage rising costs, including cutting back on dining out (40%), passing on events with friends (24%) and picking up a side hustle (16%). "Gen Z knows money stress is real—but they're meeting it head-on," said Holly O'Neill, President of Consumer at Bank of America. "They're budgeting honestly, cutting back when they need to, and having real conversations about money as they work toward their goals."High cost of living continues to strain Gen Z
Meanwhile, 42% of Gen Z report living paycheck-to-paycheck, and the high cost of living remains a significant barrier, with nearly half (49%) citing it as a top barrier to financial success. According to Bank of America Institute, median rent growth for Gen Z and Millennials slowed significantly in the 12 months to February 2026 compared to 2024 and 2023. However, housing costs still weigh heavily on this generation, with nearly 30% of those surveyed pointing to housing and rent as top barriers to financial success, a figure that has remained consistent in recent years. Bank of America Institute also finds that Gen Z appears most exposed to rising gas prices compared to other generations.Despite the strain on their wallets, 66% of Gen Z say they are saving, up from 60% in 2024:36% put any leftover money into savings when possible;22% contribute to a 401(k) account, and21% put a set percentage of their paycheck into a savings account every month.The $0 date: Gen Z feels the financial pressure on romance
When it comes to dating, Gen Z is keeping costs down and views a potential partner's relationship with money as a meaningful indicator of compatibility.Over half (51%) spend $0 per month on romantic dates and 14% spend less than $50 per month. Among those spending less than $50, 24% say they simply aren't interested in dating, while 15% say they can't afford it.Nearly a quarter (24%) are delaying moving relationships forward because of their financial situation.74% say financial responsibility is important in a partner, and 43% view irresponsible spending as a dealbreaker (compared to 33% of Millennials).Gen Z is "Loud" and transparent about money
Rather than abandoning financial goals in the face of affordability concerns, Gen Z is setting boundaries, adjusting social habits and being more transparent about money than previous generations:75% of Gen Z take active steps to save money when making social plans.42% practice "loud budgeting," being vocal with friends about what social outings they can and cannot afford.60% say they talk about money with their friends, covering historically taboo topics like salary (27%) and financial stress (24%).When asked what they'd do with an extra $300 a month, more than half (54%) say they would put it straight into savings, outpacing Millennials (44%), Gen X (40%) and Baby Boomers (45%).Little treats with a side of guilt
Gen Z hasn't given up on small indulgences. In fact, 92% treat themselves, and over half (52%) do so at least once a week, whether it be doughnuts or new sunglasses. At the same time, the spending remorse is real: 41% experience financial guilt at least once a week and 40% seek validation from family or friends before or after making a purchase. When it comes to priorities, 67% say they spend more on goods than experiences, and 19% say they'd choose material goods for themselves even if it means spending less on experiences with others.About the 2026 Better Money Habits® Gen Z report
The annual study draws on Bank of America's Better Money Habits® financial education platform and proprietary survey data conducted by Ipsos. The research is based on a nationally representative sample of Gen Z adults (ages 18-29) across the United States, surveyed in both English and Spanish. The study is designed to track the evolving financial habits, attitudes and challenges of younger Americans over time, and to inform the tools, resources and guidance offered through BetterMoneyHabits.com.The Bank of America Better Money Habits® platform supports Gen Z in building on positive habits by offering free financial education resources around budgets, setting goals and working toward long-term financial independence.Methodology
This survey was conducted online from Feb. 10 – 28, 2026, by Ipsos. This study is based on national samples of more than 2,000 respondents, including 1,146 general population adults (age 18 or older) and 1,133 general population Gen Z adults (age 18-29). The survey was conducted both in English and Spanish and utilized samples from both opt-in sources and the Ipsos KnowledgePanel®, the largest and most well-established online probability-based panel that is representative of the adult US population. The margin of sampling error for the general population sample is +/- 3.0 percentage points and for the general population Gen Z sample is +/- 3.0 percentage points at the 95 percent confidence level.The survey data has been weighted to match national population benchmarks. The general population sample and general population Gen Z sample were weighted separately to match national population demographics of gender, age, race/ethnicity, education, region, metropolitan status, household income, language proficiency and Hispanic origin. Benchmarks for these variables were obtained from the Census Bureau's 2025 Current Population Survey (CPS), with the exception of benchmarks for language proficiency, which were obtained from the Census Bureau's 2024 American Community Survey (ACS).Better Money Habits
At Bank of America, we're committed to helping people lead better financial lives by equipping them with the skills, knowledge and confidence to succeed. That's why we created Better Money Habits, a financial education platform of tools and information that helps people make sense of their money and take action to improve. As a cornerstone of Better Money Habits, we offer free financial education content and tools, like our Gen Z Financial Guide that breaks down financial topics like budgeting, building credit, borrowing and investing in a way that's approachable and easy to understand. We continually look for ways to expand the reach of Better Money Habits and also offer Spanish language resources on the site.Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contact
Susan Atran, Bank of America
Phone: 1.646.743.0791
susan.atran@bofa.com View original content to download multimedia:https://www.prnewswire.com/news-releases/bofa-study-finds-fewer-gen-z-rely-on-family-for-financial-assistance-even-with-42-living-paycheck-to-paycheck-302776215.htmlSOURCE Bank of America Corporation Original: BofA Study Finds Fewer Gen Z Rely on Family for Financial Assistance, Even With 42% Living Paycheck to Paycheck

PORTLAND THORNS ANNOUNCE BANK OF AMERICA AS PARTNER TO EXPAND COMMUNITY ACCESS TO SOCCER AND OFFICIAL WEALTH MANAGEMENT PARTNERMay 5, 2026 11:00 AM
PR Newswire (US) Collaboration benefits families, youth, and business community across PortlandPORTLAND, Ore., May 5, 2026 /PRNewswire/ -- The Portland Thorns today announced a new multi-year community-focused partnership with Bank of America as well as naming the company the club's Official Wealth Management Partner. Built on a shared commitment to community impact, the partnership will create meaningful opportunities for youth, families, and businesses across the Portland region. Central to the partnership is Soccer with Us, Bank of America's signature community program focused on expanding access to the game of soccer for youth. In collaboration with the Thorns, the initiative will help remove barriers to participation and create more opportunities for kids across Portland to experience the sport in an inclusive and supportive environment."Two of Portland's most established institutions coming together means we can do this at real scale," said Alexis Lee, President of Business Operations for the Portland Thorns. "Through Soccer with Us, youth clinics, and our 'My First Game' experience, we're opening the game up to more kids and families across the region. Bank of America is putting real resources behind all of it, and that's what makes this partnership significant."Through the partnership, Bank of America will also sponsor a series of youth clinics throughout the season, further extending access to high-quality coaching and engagement opportunities for young players. Additionally, the collaboration will support the Thorns' "My First Game" experience, helping introduce new fans to the club and ensuring more families have the opportunity to attend a match at Providence Park for the first time. Bank of America branding will also be featured on the Thorns' training kit, worn by players during organized practices and training sessions."The Portland Thorns are a source of pride and inspiration across our region," said Marc Compton, Oregon and Southwest Washington managing director, Bank of America Private Bank. "Beyond being cultural icons, they embody the power of women's sports to drive lasting economic benefits that uplift local businesses and contribute to Portland's overall vitality. Together, we will create pathways for more young people around Portland to learn, grow, and envision big things for their futures."In recognition of the growing influence of women's sports to inspire and drive lasting economic impact and empowerment, the Thorns-Bank of America partnership will uplift local entrepreneurs through initiatives such as the Game Ball Delivery and the Playmakers of Portland program, spotlighting business owners and community leaders.About Portland Thorns
Founded in 2012, the Portland Thorns are a global leader in women's soccer, defined by unmatched fan support, championship success, and a longstanding commitment to excellence since their inaugural 2013 season. The Thorns have created one of the premier environments in women's sports at Providence Park, leading the NWSL in average attendance for a league-record ninth time in 2025 and hosting four of the five largest-attended matches during the 2025 season. Portland is the winningest club in NWSL history, capturing a league-record three NWSL Championships (2013, 2017, 2022), two NWSL Shields (2016, 2021), and the 2021 NWSL Challenge Cup, while qualifying for the postseason a league-high 11 times. Looking ahead, the club's investment in the world's first dual-sport women's performance center, the Kaiser Permanente Performance Center, set to open in 2026, will foster an environment that champions innovation, elevates athlete development, and enhances elite performance.Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contact:
Matthew Radmanovich, Portland Thorns Britney Sheehan, Bank of America1.310.800.47141.425.467.9744MRadmanovich@thorns.comBritney.w.sheehan@bofa.com View original content to download multimedia:https://www.prnewswire.com/news-releases/portland-thorns-announce-bank-of-america-as-partner-to-expand-community-access-to-soccer-and-official-wealth-management-partner-302762838.htmlSOURCE Bank of America Corporation Original: PORTLAND THORNS ANNOUNCE BANK OF AMERICA AS PARTNER TO EXPAND COMMUNITY ACCESS TO SOCCER AND OFFICIAL WEALTH MANAGEMENT PARTNER

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US Market News 2月前

Related Digital Announces Financing for $16 Billion Oracle Data Center Project in Saline Township, MichiganApril 24, 2026 7:17 PM
PR Newswire (US)

Related Digital and Funds Affiliated with Blackstone Commit Equity to Fund Project; Fixed Rate, Long-Term Debt Financing Anchored by PIMCO-Managed Funds and AccountsCampus Creates Thousands of Union Construction Jobs and Significant Community Investment DALLAS, April 24, 2026 /PRNewswire/ -- Related Digital, a vertically integrated data center development and investment platform, and Blackstone (NYSE: BX) announced today that financing has been secured for Related Digital's $16 billion data center campus in Saline Township, Michigan, purpose-built for Oracle. The financing includes equity from Related Digital and funds affiliated with Blackstone, and fixed-rate, long term debt financing anchored by PIMCO-managed funds and accounts. Bank of America served as structuring agent and financial advisor, with Goldman Sachs and Wells Fargo also serving as advisors to Related Digital.This project will deliver significant community benefits, including:2,500+ union construction jobs, 450+ jobs onsite, and 1,500+ jobs county-wideMillions in new, annual tax revenues to support the Township, Washtenaw County and Michigan schools$14 million in direct benefits for the local fire department and community investment Utilizing a closed-loop system that protects Michigan's waterPreservation of 750+acres of open space, farmland and wetlands"The strength of this financing is a powerful validation of what we have built at Related Digital and of the critical role this project will play in America's digital future," said Jeff T. Blau, CEO of Related Companies and Chairman of Related Digital. "We are grateful for the confidence of Blackstone, PIMCO, and our world class banking partners, institutions who understand the scale, complexity, and long-term value of what we are delivering for our partners at Oracle and OpenAI. I also want to extend my thanks to Governor Gretchen Whitmer, whose commitment to ensuring Michigan competes in the innovation economy in a responsible and forward-thinking way has made this possible. Major construction is well underway in Saline Township, momentum is strong, and we are laser focused on executing with the same discipline that has defined Related for more than 50 years."Nadeem Meghji, Global Head of Blackstone Real Estate, said: "Demand for digital infrastructure continues at a breathtaking pace, driven by AI and the broader digitalization of the economy. This investment is another way we are capitalizing on this generational opportunity and helping provide much needed compute capacity. We're excited to back the largest ever investment in the state of Michigan and we look forward to supporting Related Digital as it delivers this critical AI infrastructure.""Strong investor demand for high-quality digital infrastructure continues to drive significant capital formation, particularly for projects of this scale and complexity," said Jim DeMare, Co-President, Bank of America. "Our deep relationships with sponsor clients and investors, together with our expertise in structuring infrastructure finance transactions, positioned us well to help structure these transactions efficiently. We are proud to support Related Digital, Blackstone and Oracle on this landmark project in Michigan."DTE Energy is supplying 100% of the project's power using existing resources augmented by a new battery storage investment financed entirely by Oracle. As a result, this project is expected to create $300 million in savings for DTE's existing customers thanks to the project's contribution towards the fixed costs of grid maintenance and improvements."The rapid progress at our Saline Township data center underscores the urgency and scale of building America's next-generation AI infrastructure," said Mahesh Thiagarajan, Executive Vice President, Oracle Cloud Infrastructure. "Together with our partners, we are not just building a data center—we are creating high-quality jobs, investing in the communities in which we operate, and driving long-term economic growth. This project reflects our deep commitment to Michigan and to powering the future of AI in the United States."The Saline Township campus — known as "The Barn" for the historic red barn preserved at the project's entrance along Michigan Avenue — comprises three single-story data center buildings with more than a gigawatt of capacity. The project is being developed for Oracle as part of its partnership with OpenAI to expand AI compute capacity across the country. The campus utilizes a closed-loop cooling system for cooling and will be LEED certified. Construction on the first data center buildings is underway and the project is on schedule for delivery to Oracle. The multi-billion-dollar investment positions Michigan as a cornerstone of America's AI infrastructure buildout.The closing of the financing is subject to the satisfaction of customary closing conditions.Construction images and renderings of the Saline Township site are available here. About Related DigitalFounded by Related Companies, one of the most prominent privately-owned real estate development firms in the United States with more than $100B in assets owned or under development, Related Digital is a leading vertically integrated data center development and investment platform. Related Digital combines Related Companies' 50-year-plus history of executing complex real estate and infrastructure projects with its track record developing large-scale clean energy solutions. With a $45 billion development pipeline of more than five gigawatts of near-term power across the United States and Canada, Related Digital has the executive capabilities, depth of expertise, and national scale to bring differentiated solutions to global hyperscalers. Related Digital currently has data center projects underway in Ontario, Wyoming, Michigan, Missouri, Illinois and Texas.About BlackstoneBlackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. About PIMCOPIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, drawing upon our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com [oracle.com].About Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

View original content:https://www.prnewswire.com/news-releases/related-digital-announces-financing-for-16-billion-oracle-data-center-project-in-saline-township-michigan-302753421.htmlSOURCE Related Digital

Original: Related Digital Announces Financing for $16 Billion Oracle Data Center Project in Saline Township, Michigan

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US Market News 2月前

Historic Artworks Receive Funding through BofA's Art Conservation Project™April 23, 2026 6:00 PM
PR Newswire (Canada)

Spanning 10 countries, the 2026 selections highlight the program's global commitment to art conservationKey PointsBank of America is awarding 18 Art Conservation Project™ grants to preserve significant artworks in 2026.This year's projects include the conservation of internationally renowned masterpieces, such as Rembrandt's The Night Watch, Picasso's The Old Guitarist, Matisse's La Négresse, and Titian's Bacchus and Ariadne.Previous projects include two copies of Magna Carta at the Society of Antiquaries of London, Claude Monet's Water Lilies at the Portland Art Museum and Chen Wen Hsi' Gibbons at the National Gallery Singapore.All conserved artworks will return to public display, reinforcing Bank of America's commitment to public access. Over 15,000 objects in 40 countries have been conserved through the Bank of America Art Conservation Project™ since 2010.NEW YORK, April 23, 2026 /CNW/ -- Bank of America announced today that 18 nonprofit cultural institutions across 10 countries will receive grants this year through the Bank of America Art Conservation Project™. The selected projects represent a wide range of artistic traditions and conservation needs, from fragile works on paper to paintings and objects requiring advanced preservation techniques.

This year's selections were unveiled at the Museum of Modern Art (MoMA) in New York City, which received an Art Conservation Project™ grant in 2019 for the conservation of Vincent van Gogh's The Starry Night. MoMA is currently hosting a Marcel Duchamp exhibition sponsored by BofA."Every artwork has its own story - which is sometimes hidden beneath varnish, cracked pigment or centuries of decay," said Brian Siegel, Global Arts, Culture & Heritage Executive at Bank of America. "Conservation is the quiet work that brings those stories forward today and for future generations. What stands out about this year's projects is the variety of techniques involved. Some require meticulous surface cleaning, and in others, conservators will use imaging tools that didn't exist even a decade ago. Regardless of the method, the goal is simple: to ensure these works remain visible, accessible and enjoyed by visitors for years to come."All conserved works will return to public display, reinforcing BofA's commitment to public access. Since 2010, the Bank of America Art Conservation Project™ has supported over 15,000 conservation projects in 40 countries, helping safeguard historically and culturally significant works that are vulnerable to time and environmental stress.This year's projects include:13 lobby murals at the Apollo Theater in New YorkThe Palms of the Arc de Triomphe at the Centre des Monuments Nationaux in ParisThe Judgement of Paris by Jacob de Backer at the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) in MumbaiTransfiguration by Camillo Procaccini at Duomo di Milano in MilanFour seventeenth-century tapestries by Raphael de la Planche at the Isabella Stewart Gardner Museum in BostonMore than 3,100 artworks at La Casa del Libro Museum in San JuanThe Meeting of Dante and Virgil by Francesco Salviati, under the direction of Jan Rost, at the Minneapolis Institute of ArtJuggler by Alice Rahon at the Montreal Museum of Fine Arts52 paintings by Francisco Laso de los Ríos at Museo de Arte de LimaBaltazar de Borba Gato delivering the first shipment of gold from Brazil to the King of Portugal and José Bonifácio by Aldo Locatelli at Museu Paulista da Universidade de Sao PauloLa Négresse by Henri Matisse at the National Gallery of Art in Washington, D.C.The Night Watch by Rembrandt van Rijn at Rijksmuseum in AmsterdamShadow Over the Land by Benny Andrews at the San José Museum of ArtThe Four Accomplishments and Immortal by Kano Sogen Shigenobu at the Seattle Art MuseumThe Old Guitarist by Pablo Picasso at the Art Institute of ChicagoWith Liberty and Justice for All (A Work in Progress) by Jim Hodges at The Contemporary AustinBacchus and Ariadne by Titian at the National Gallery in LondonGaki Zoshi (Scroll of Hungry Ghosts) at the Tokyo National MuseumA brochure with additional information about selected projects is available here.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.At Bank of America, we believe that investing in the arts has a positive impact on our lives. We support a wide range of nonprofit organizations with funding and programming to help make the arts more accessible to communities around the world and to preserve works of art and heritage sites for generations to come. For more information about how we support the arts, please visit our Bank of America arts website.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.Reporters may contactAnnMarie McDonald, Bank of America
Phone: 1.332.234.8635
annmarie.mcdonald@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/historic-artworks-receive-funding-through-bofas-art-conservation-project-302752235.htmlSOURCE Bank of America Corporation

Original: Historic Artworks Receive Funding through BofA's Art Conservation Project™

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US Market News 2月前

Bank of America Declares Second Quarter 2026 Stock DividendsApril 23, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., April 23, 2026 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.28 per share, payable on June 26, 2026 to shareholders of record as of June 5, 2026.

The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on July 24, 2026 to shareholders of record as of July 10, 2026.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.Investors may contactLee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.comJonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.comReporters may contactJocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-second-quarter-2026-stock-dividends-302752275.htmlSOURCE Bank of America Corporation

Original: Bank of America Declares Second Quarter 2026 Stock Dividends

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US Market News 2月前

Alaska Air Group and Bank of America Expand Long-Standing Credit Card PartnershipApril 20, 2026 5:50 PM
PR Newswire (US)

Strengthens co-branded credit card portfolio and supports growth of the Atmos Rewards programCardholders will benefit from enhanced value across the full suite of Atmos Rewards credit cards over timeAlaska Air Group will move toward a single issuer for its Atmos Rewards credit cards The extended partnership is expected to drive incremental value for both companiesSEATTLE and CHARLOTTE, N.C., April 20, 2026 /PRNewswire/ -- Alaska Air Group Inc. (NYSE: ALK) and Bank of America (NYSE: BAC) today announced a multi-year extension of their co-branded credit card agreement – a continuation of the bank's largest co-brand partnership. For more than 30 years, the strategic partnership has put an industry leading co-branded credit card in the wallet of millions of travelers and helped build various features of the airline's brand, including the famous Companion Fare.

"Bank of America has been a foundational partner to Alaska's growth over the last few decades," said Ben Minicucci, Chief Executive Officer of Alaska. "Together, they have helped us build the airline industry's most generous and valuable loyalty program. Extending this partnership will mean even greater benefits for cardholders, taking them further as Alaska and Hawaiian expand across the globe."The renewed agreement will deepen integration between Alaska and Bank of America by:Creating incremental value for both companies.Increasing investment in the Atmos™ Rewards brand, Alaska and Hawaiian's lounge program, and enhancing the suite of credit cards (including new cards and refreshes of existing cards).Enhancing technology and the cardholder experience, including expanded benefits across multiple card offerings."Alaska Air Group has been an exceptional partner for more than three decades, and this extension reflects our shared commitment to delivering meaningful value for cardholders," said Dean Athanasia, Co-President, Bank of America. "Together, we're investing in innovation, enhancing the cardholder experience, and supporting the continued growth of the Atmos Rewards platform — while creating long term value for both companies."Alaska and Bank of America are working toward BofA becoming the single issuer of all co-brand credit cards for the Atmos™ Rewards program, which has been recognized as the best Airline Rewards Program for 2026 by NerdWallet.Remuneration from the co-brand card portfolio grew 10% in 2025, fueled by the launch of the Atmos Rewards loyalty program and the new premium Summit Visa Infinite® card. The Summit card continues to exceed acquisition and spend expectations, achieving significant average spend levels, driven by a compelling value proposition that includes exclusive lounge access and a unique Global Companion Award. This appeal has attracted new premium, high-spending customers and earned industry recognition, including being named The Points Guy's best new personal credit card earlier this year.The expansion of the card portfolio is expected to accelerate the growth of Alaska's loyalty platform beyond the incremental $150 million in profit outlined in the Alaska Accelerate strategy. The extension with Bank of America reinforces this momentum, strengthening the partnership and supporting sustained long term value creation through the loyalty ecosystem.Atmos Rewards Credit Card Benefits
The Atmos Rewards co-brand credit cards, powered by Bank of America, continue to provide cardholders industry-leading benefits including:Summit Visa Infinite® cardAccess to an industry-leading 25,000-point Global Companion AwardEight Alaska Lounge day passes annuallyThree points for every $1 spent on all foreign transactionsTravel delay protection and moreAscent Visa Signature® cardAccess to the famous Companion Fare ($99 + taxes/fees),Free checked bag for cardholder and up to six travel companions$100 off an Alaska Lounge+ membershipA faster path to elite status and more Q&A
Q: What does this extended partnership mean for current and future Atmos Rewards cardholders?
A: The renewed agreement delivers expanded benefits, including increased investment in lounge programs, product enhancements and the potential for new card offerings. This ensures even greater value, more rewards, and improved experiences for all Atmos Rewards members.Q: What does Alaska Air Group moving towards a "single issuer" with Bank of America signify for customers?
A: This initiative aims to streamline operations and further integrate the co-brand credit card experience across the entire Atmos Rewards portfolio, including Alaska Airlines and Hawaiian Airlines. It is designed to lead to more consistent, simplified, and enhanced services and offerings for cardholders.Q: When can cardholders expect to see these new benefits and product enhancements, and how will they be notified of specific changes?
A: We are actively working to introduce enhanced benefits in the future and new product features as they become available. Cardholders will be informed of specific updates through our standard customer communications process at the appropriate time.About Alaska Air Group
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia and the Pacific. We'll serve Europe beginning in spring 2026. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska is a member of the oneworld alliance, with Hawaiian scheduled to join oneworld in spring 2026. With oneworld and our additional global partners, guests can earn and redeem points for travel to over 1,000 worldwide destinations with Atmos Rewards. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."About Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/alaska-air-group-and-bank-of-america-expand-long-standing-credit-card-partnership-302747814.htmlSOURCE Alaska Air Group

Original: Alaska Air Group and Bank of America Expand Long-Standing Credit Card Partnership

Commemorating America 250, BofA Announces $5M Founding Sponsorship of Theodore Roosevelt Presidential Library and Continued Commitment to Restoration of More Than 100 Presidential PortraitsApril 16, 2026 7:30 AM
PR Newswire (US)

Key points$5M founding gift to the Theodore Roosevelt Presidential Library, supporting inaugural exhibitions, including one by Pulitzer Prize–winning photographer David Hume KennerlySponsorship of the Smithsonian's National Portrait Gallery to assess and conserve 110 historic presidential portraitsWASHINGTON, April 16, 2026 /PRNewswire/ -- As the nation prepares to celebrate its 250th anniversary, Bank of America today announced a new partnership to preserve the legacy of the American presidency. Through a $5 million capital gift to the Theodore Roosevelt Presidential Library and the ongoing assessment and conservation of 110 presidential portraits and frames at the Smithsonian's National Portrait Gallery, Bank of America is helping preserve the history of the leaders who defined our nation for generations to come.

The announcement is being made at a private event in Washington, bringing together civic leaders, cultural institutions, business executives and clients during a pivotal week in the nation's capital focused on democracy, leadership and the global economy.Preserving the Presidency — Past and PresentTheodore Roosevelt Presidential LibraryOpening July 4, 2026 and set in the North Dakota Badlands – the place that shaped Theodore Roosevelt's worldview and leadership – the library will explore the presidency, conservation, civic responsibility and the evolving American experiment. As a founding sponsor, Bank of America is supporting the development of the library and its inaugural exhibitions, including Theodore Roosevelt's White House and a featured photography exhibit by Pulitzer Prize–winning photographer David Hume Kennerly. As a former Official White House Photographer who has documented thirteen consecutive U.S. presidents, Kennerly's work transcends any single administration. The Kennerly exhibition opening this fall offers an intimate look at the presidency and the people behind it over the last half-century, as well as the cultural moments that shaped the nation. The Theodore Roosevelt Presidential Library is currently being built in Medora, N.D., a project made possible through the dedicated support of state leadership, including Sec. Doug Burgum in his capacity as Governor of North Dakota. "Bank of America has grown alongside our country by helping people, businesses of every size, and communities prosper," said Brian Moynihan, Chair and CEO of Bank of America. "The Theodore Roosevelt Presidential Library—and the Kennerly exhibition on the modern presidency—reflect Theodore Roosevelt's belief that strong leadership and democratic institutions drive economic opportunity. We commend Secretary Burgum's leadership, from his time as governor to today, in advancing a vision that links history, civic responsibility, and long-term prosperity."National Portrait GalleryThe sponsorship builds on Bank of America's long-standing support for historic preservation and public education, including its support of the Smithsonian's National Portrait Gallery through the Bank of America Art Conservation Project.As part of the initiative, the Portrait Gallery is undertaking a comprehensive conservation effort focused on "America's Presidents," its signature exhibition since 1962. The project includes assessment and potential conservation of 110 presidential portraits and frames, many of which have never undergone formal conservation, ensuring these works remain available to the public for generations to come. Following conservation, the portraits will return to public view as part of the museum's collection and the "America's Presidents" gallery.As America approaches its semiquincentennial, these two efforts reflect a shared recognition: history is not only something to preserve, but something to engage—through institutions, leadership and civic participation.More information about Bank of America's celebrations of America's 250th anniversary and its long-standing support for communities, culture and education is available on the company's website at: www.bofa.com/america250.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contactCarla Molina, Bank of America
Phone: 1.512.397.2402
carla.molina@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/commemorating-america-250-bofa-announces-5m-founding-sponsorship-of-theodore-roosevelt-presidential-library-and-continued-commitment-to-restoration-of-more-than-100-presidential-portraits-302744114.htmlSOURCE Bank of America Corporation

Original: Commemorating America 250, BofA Announces $5M Founding Sponsorship of Theodore Roosevelt Presidential Library and Continued Commitment to Restoration of More Than 100 Presidential Portraits

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US Market News 3月前

Bank of America Announces Redemption of €1,500,000,000 1.776% Fixed/Floating Rate Senior Notes, due May 4, 2027April 16, 2026 7:00 AM
PR Newswire (US)

CHARLOTTE, N.C., April 16, 2026 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on May 4, 2026 all €1,500,000,000 principal amount outstanding of its 1.776% Fixed/Floating Rate Senior Notes, due May 4, 2027 (ISIN: XS1602547264; Common Code: 160254726) (the "Notes").

The Notes were issued under the Bank of America Corporation U.S. $65,000,000,000 Euro Medium-Term Note Program. The redemption price for the Notes will be equal to the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount (as specified in the Amended and Restated Final Terms dated May 8, 2018), plus accrued and unpaid interest to, but excluding, the redemption date of May 4, 2026. Since May 4, 2026 is not a business day (as defined in the Terms and Conditions of the Notes), the redemption price for the Notes will be paid on the next succeeding business day, May 5, 2026. Interest on the Notes will cease to accrue on the redemption date.Payment of the redemption price for the Notes will be made in accordance with the applicable procedures of Euroclear Bank SA/NV and Clearstream Banking, S.A.Citibank, N.A., London Branch is the Principal Agent for the Notes and Citibank Europe plc is the Registrar for the Notes.Bank of America Corporation will request the Financial Conduct Authority (the "FCA") to cancel the listing of the Notes on the Official List of the FCA and the London Stock Exchange (the "Exchange") to cancel the admission to trading on the regulated market of the Exchange as soon as practicable after the redemption date.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Forward-looking statementsCertain information contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed under Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025 and in any of our subsequent Securities and Exchange Commission filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.Investors may contactLee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.comJonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.comReporters may contactJocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

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Original: Bank of America Announces Redemption of €1,500,000,000 1.776% Fixed/Floating Rate Senior Notes, due May 4, 2027

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US Market News 3月前

Bank of America publie ses résultats financiers du T1 2026April 15, 2026 11:32 PM
PR Newswire (Canada)

CHARLOTTE, Caroline du Nord, le 15 avril 2026 /CNW/ -- Bank of America publie ce jour ses résultats financiers du premier trimestre de 2026. Le communiqué de presse, les documents supplémentaires et la présentation aux investisseurs peuvent être consultés sur la page internet de Bank of America consacrée aux relations avec les investisseurs, à l'adresse suivante : https://investor.bankofamerica.com/quarterly-earnings.
Un formulaire 8-K contenant les résultats financiers de Bank of America est également disponible sur le site web de la Securities and Exchange Commission des États-Unis à l'adresse suivante : https://www.sec.gov.Conférence téléphonique pour les investisseurs
Le président-directeur général Brian Moynihan et le vice-président exécutif et directeur financier Alastair Borthwick discuteront des résultats financiers lors d'une conférence téléphonique pour les investisseurs qui se tiendra aujourd'hui à 8h30 (heure de l'Est). Pour une connexion en écoute seulement pendant la conférence téléphonique, composez le 1.877.200.4456 (États-Unis) ou le 1.785.424.1732 (international). L'identifiant de la conférence est le 79795. Veuillez composer le numéro 10 minutes avant le début de la conférence téléphonique.Les investisseurs peuvent suivre la conférence téléphonique en direct et consulter les diapositives de la présentation en se rendant dans la section « Événements et présentations » du site web de la société consacré aux relations avec les investisseurs.Informations sur l'enregistrement de la téléconférence pour les investisseurs
Les investisseurs peuvent accéder à l'enregistrement de la conférence téléphonique avec les investisseurs en visitant le site Web des Relations avec les investisseurs ou en composant le 1 800 934-4850 (É.-U.) ou le 1 402 220-1178 (international) de midi le 15 avril à 23 h 59 (HE) le 24 avril. Bank of America
Bank of America est l'une des principales institutions financières au monde. Elle propose aux particuliers, aux PME et aux grandes entreprises une gamme complète de produits et de services bancaires, d'investissement, de gestion d'actifs et d'autres produits et services financiers et de gestion des risques. L'entreprise offre une commodité inégalée aux États-Unis. Elle dessert près de 70 millions de clients avec environ 3 500 centres financiers de détail, environ 15 000 guichets automatiques et des services bancaires numériques primés avec environ 59 millions d'utilisateurs numériques vérifiés. Bank of America est un leader mondial de la gestion de patrimoine, de la banque d'entreprise et d'investissement et de la négociation, couvrant un large éventail de catégories d'actifs et proposant ses services aux entreprises, aux gouvernements, aux institutions et aux particuliers du monde entier. Bank of America offre un soutien de premier plan à environ quatre millions de petites entreprises grâce à une gamme de produits et services en ligne novateurs et faciles à utiliser. L'entreprise répond aux besoins de ses clients à travers ses activités aux États-Unis, sur ses territoires et dans plus de 35 pays. Les actions de Bank of America Corporation (NYSE : BAC) sont cotées à la bourse de New York.Pour plus d'informations sur Bank of America, y compris les annonces de dividendes et d'autres informations importantes, visitez la salle de presse de Bank of America et inscrivez-vous pour recevoir des alertes par courriel.Les investisseurs peuvent contacterLee McEntire, Bank of America
Téléphone : 1.980.388.6780
lee.mcentire@bofa.comJonathan G. Blum, Bank of America (Produits à revenu fixe)
Téléphone : 1.212.449.3112
jonathan.blum@bofa.comLes journalistes peuvent contacterJocelyn Seidenfeld, Bank of America
Téléphone : 1.646.743.3356
jocelyn.seidenfeld@bofa.comLogo - https://mma.prnewswire.com/media/1612970/5917670/Bank_of_America_Corporation_Logo.jpgSOURCE Bank of America Corporation

Original: Bank of America publie ses résultats financiers du T1 2026

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iHub News 3月前

Bank of America Beats Q1 Expectations, Highlights ‘Strong Momentum’April 15, 2026 8:39 AM
IH Market News
Bank of America (NYSE:BAC) reported first-quarter results on Wednesday that exceeded analyst forecasts for both earnings and revenue.Adjusted earnings per share came in at $1.11, ahead of the $1.01 consensus estimate. Revenue totaled $30.3 billion, topping expectations of $29.92 billion and rising 7% from $28.2 billion in the same period a year earlier.Net income increased 17% year-on-year to $8.6 billion, up from $7.4 billion. Growth was driven by a 9% rise in net interest income to $15.7 billion, alongside double-digit increases in trading revenue, investment banking fees and asset management fees. Higher deposit and loan balances, repricing of fixed-rate assets and stronger activity in Global Markets supported net interest income, although partially offset by lower interest rates.Shares gained 1.2% in premarket trading following the release.“Earnings per share rose 25% year-over-year, starting 2026 with strong momentum,” said Chair and CEO Brian Moynihan. “Revenue growth of 7% year-over-year included net interest income that was better than we expected, up 9%, as well as double-digit growth in sales and trading revenue, investment banking fees and asset management fees.”The bank’s provision for credit losses declined to $1.3 billion from $1.5 billion in the first quarter of 2025, while net charge-offs fell to $1.4 billion from $1.5 billion. Noninterest expenses rose 4% to $18.5 billion, reflecting higher revenue-related costs and continued investment in personnel and technology. The efficiency ratio improved by roughly 170 basis points to 61%, with operating leverage reaching 2.9%.Average deposit balances climbed 3% to $2.02 trillion, marking the 11th straight quarter of sequential growth. Average loans and leases rose 9% to $1.19 trillion, with expansion across all business segments. The bank returned $9.3 billion to shareholders during the quarter, including about $2.0 billion in dividends and $7.2 billion through share buybacks.Bank of America stock price

Original: Bank of America Beats Q1 Expectations, Highlights ‘Strong Momentum’

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US Market News 3月前

Bank of America Reports First Quarter 2026 Financial ResultsApril 15, 2026 6:56 AM
PR Newswire (US)

CHARLOTTE, N.C., April 15, 2026 /PRNewswire/ -- Bank of America reported its first quarter 2026 financial results today. The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings.
A Form 8-K containing Bank of America's financial results is also available at the U.S. Securities and Exchange Commission's website at https://www.sec.gov.Investor Conference Call information
Chair and CEO Brian Moynihan and Executive Vice President and CFO Alastair Borthwick will discuss the financial results in an investor conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795. Please dial in 10 minutes prior to the start of the call.Investors can listen to live audio of the conference call and view the presentation slides by visiting the "Events and Presentations" section of the company's Investor Relations website.Replay information for Investor Conference Call
Investors can access replays of the investor conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on April 15 through 11:59 p.m. ET on April 24. Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Investors may contactLee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.comJonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.comReporters may contactJocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.comLogo - https://mma.prnewswire.com/media/1612970/5917670/Bank_of_America_Corporation_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bank-of-america-reports-first-quarter-2026-financial-results-302743083.html

Original: Bank of America Reports First Quarter 2026 Financial Results

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iHub News 3月前

Futures Steady as Iran Talks Hopes and Earnings Season Shape Market Mood: Dow Jones, S&P, Nasdaq, Wall StreetApril 15, 2026 5:33 AM
IH Market News
Futures tied to major U.S. indices were little changed, as investors monitored the prospect of renewed peace discussions between the United States and Iran. Hopes of easing tensions have helped keep oil prices below the $100-per-barrel level, even as Washington maintains a blockade on Iranian ports. At the same time, the earnings season continues to gather pace, with major U.S. banks pointing to a resilient economy despite geopolitical pressures.

Futures hold steady

U.S. equity futures were broadly flat on Wednesday, with markets balancing geopolitical developments against a heavy flow of corporate results.By 03:28 ET, futures on the Dow Jones, S&P 500, and Nasdaq 100 were all trading close to unchanged.Despite volatility linked to the Iran conflict and disruptions around the Strait of Hormuz—a key global shipping route—U.S. equities have remained on an upward trajectory. The S&P 500 ended Tuesday near record highs, while the Nasdaq Composite has surged roughly 14% over the past 10 sessions, marking its longest winning streak since 2021.The early stages of the quarterly earnings season have also supported sentiment. Major U.S. lenders have highlighted continued strength in consumer spending and borrowing, suggesting the economy remains robust despite risks tied to potential energy shocks.“It’s still way too early in the [calendar year first quarter] earnings season to draw any firm conclusions, but so far, we’ve been impressed by the resiliency of Corporate America,” analysts at Vital Knowledge said in a note.

Trump points to renewed Iran talks

U.S. President Donald Trump indicated that negotiations between Washington and Tehran could resume within the next two days, following initial discussions held in Pakistan last weekend.Vice President JD Vance, who led the U.S. delegation in Islamabad, also expressed optimism regarding the progress of talks.However, the U.S. continues to enforce a blockade on Iranian ports, with officials stating that maritime trade to and from the country has effectively been halted. The restrictions were introduced earlier this week after talks in Pakistan failed to deliver an immediate ceasefire, though expectations for a rapid agreement had already been limited.While the blockade has heightened concerns about oil supply disruptions in the Persian Gulf, recent reports suggest some improvement. According to the Wall Street Journal, more than 20 commercial vessels have recently passed through the Strait of Hormuz, indicating partial easing in transit conditions.

Oil prices remain below $100

With hopes of a potential de-escalation, crude prices stayed below the $100 threshold.At 03:16 ET, Brent crude futures were up 0.3% at $95.10 per barrel, while U.S. West Texas Intermediate crude edged down 0.2% to $91.12.The softer oil environment has contributed to a slight weakening in the U.S. dollar, which had previously strengthened as a safe-haven asset during the conflict. A dollar index tracking the currency against a basket of peers is now only marginally above levels seen before the war began in late February.Even so, oil prices remain elevated compared with pre-conflict levels, reflecting ongoing supply concerns linked to disruptions at the Strait of Hormuz, through which roughly 20% of global oil flows.Additional supply risks may emerge after the U.S. opted not to extend a 30-day waiver on sanctions covering Iranian oil shipments at sea, due to expire this week. Reuters also reported that a similar waiver for Russian oil was not renewed after expiring last weekend.

Focus shifts to bank earnings

Attention is now turning to further results from major U.S. lenders, including Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS), both scheduled to report later in the day.Market volatility—driven by geopolitical tensions and rapid developments in artificial intelligence—has supported trading revenues at large banks. Institutions such as JPMorgan Chase (NYSE:JPM) tend to benefit from heightened market activity, as clients adjust portfolios and increase hedging.JPMorgan reported a 20% increase in markets revenue for the three months ending March 31, reflecting similar trends seen at competitors like Goldman Sachs (NYSE:GS).Despite market turbulence, banking executives have also pointed to a strong dealmaking environment, with expectations that 2026 could see a wave of major transactions, particularly involving AI and space-related companies.

European earnings in focus

In Europe, corporate earnings have also influenced market sentiment.Hermès (EU:RMS) reported slower quarterly sales growth due to demand pressures linked to the Middle East conflict. Meanwhile, Kering (EU:KER) also posted weaker sales, although it noted some improvement in demand trends. Combined with recent results from Dior-owner LVMH, these updates suggest the luxury sector may be facing increasing headwinds.Shares of both Hermès and Kering declined sharply on Wednesday.On a more positive note, ASML (EU:ASML) provided support to European markets. The company raised its full-year sales outlook, benefiting from strong demand driven by the AI boom. Major chipmakers such as TSMC and Intel continue to invest heavily in ASML’s technology as they expand their AI capabilities.ASML shares rose by more than 1%.Bank of America stock priceMorgan Stanley stock priceJPMorgan Chase stock priceGoldman Sachs Group stock price

Original: Futures Steady as Iran Talks Hopes and Earnings Season Shape Market Mood: Dow Jones, S&P, Nasdaq, Wall Street

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iHub News 3月前

Markets Rise on Iran Peace Hopes; Bank Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street FuturesApril 14, 2026 4:59 AM
IH Market News
U.S. equity futures edged higher on Tuesday, while oil prices declined, as investors reacted to signs of potential progress in efforts to end the Iran conflict. However, a continued U.S. blockade of Iranian ports into a second day has added tension, further disrupting shipments through the Strait of Hormuz. Meanwhile, a wave of major U.S. bank earnings is set to dominate market attention, and luxury group LVMH (EU:MC) highlighted the conflict’s impact on sales.

Futures Tick Higher

U.S. stock futures moved modestly upward, supported by optimism around ongoing negotiations between Washington and Tehran aimed at securing a lasting ceasefire. Investors are also preparing for a busy earnings schedule from major financial institutions.As of 03:17 ET, Dow futures rose by 51 points, or 0.1%, S&P 500 futures gained 10 points, or 0.1%, and Nasdaq 100 futures climbed 72 points, or 0.3%.Wall Street’s main indices had already posted gains in the previous session, as initial disappointment over the lack of a breakthrough in weekend talks between the U.S. and Iran faded. U.S. President Donald Trump said the White House had been contacted by Iranian officials and expressed a desire to “make a deal,” adding that Iran will not have a nuclear weapon.“[W]hile the meeting was certainly disappointing, it was hardly catastrophic, and if one looks closely, Trump seems to be pivoting aggressively away from kinetic escalation,” analysts at Vital Knowledge said.They added that their view of the situation is “relatively sanguine,” though the “economic fallout from what’s already occurred” could be “significant.”

U.S. Blockade Continues to Disrupt Shipping

At the same time, the U.S. blockade of Iranian ports, which began Monday, has tightened constraints on oil flows already impacted by the conflict.Tehran has condemned the move as an “act of piracy,” with reports suggesting around 15 U.S. warships are involved. British maritime authorities said access has been restricted for vessels operating near Iranian ports and across key waterways in the Persian Gulf, Gulf of Oman, and parts of the Arabian Sea.Despite these tensions, diplomatic efforts appear to be gaining traction. According to Reuters, talks between the U.S. and Iran have continued, with some progress toward a permanent ceasefire. Pakistan has offered to host further negotiations following the initial round held in Islamabad.Elsewhere, Israel and Lebanon are set to begin direct peace talks in Washington, with ongoing strikes involving Iran-aligned Hezbollah forces remaining a key obstacle.

Oil Prices Ease Below $100

The prospect of diplomatic progress helped push oil prices lower, with Brent crude falling 1.5% to $97.88 per barrel and U.S. West Texas Intermediate declining 3.4% to $95.78.However, the outlook remains uncertain. The OPEC reduced its forecast for global oil demand in the second quarter by 500,000 barrels per day in its first assessment of the Iran conflict’s impact.Even so, the group left its full-year outlook unchanged, indicating expectations that demand could recover later in 2026.

Bank Earnings Take Centre Stage

Attention is now shifting to corporate earnings, with several major U.S. banks set to report results.JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), and Citigroup (NYSE:C) are due to release quarterly figures before the U.S. market opens, followed by Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) on Wednesday.Analysts expect trading revenues and investment banking fees to support results, even as uncertainty tied to the Iran conflict persists. Earlier this month, Jamie Dimon warned that the conflict could trigger commodity price shocks, potentially sustaining inflation and pushing interest rates higher than currently anticipated.On Monday, Goldman Sachs (NYSE:GS) reported a 19% increase in first-quarter profit, driven by strong performance in trading and investment banking.

LVMH Highlights Impact of Iran Conflict

In Europe, shares of LVMH (EU:MC) fell in early trading after the company said the Middle East conflict had reduced group sales by at least 1%, dampening expectations for a continued recovery in the luxury sector.The group, which owns brands such as Louis Vuitton and Bulgari, reported a 1% increase in quarterly sales, missing estimates for 1.5% growth, according to Visible Alpha data cited by Reuters.Finance chief Cécile Cabanis said that “[w]hat we see today is still that demand is very much down” following disruptions to shopping activity in the Middle East after the outbreak of the Iran conflict.Rival Kering (EU:KER), owner of Gucci, is scheduled to report results after the close of European markets later in the day.JPMorgan Chase stock priceWells Fargo stock priceCitigroup stock priceBank of America stock priceMorgan Stanley stock priceGoldman Sachs Group stock price

Original: Markets Rise on Iran Peace Hopes; Bank Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures

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iHub News 3月前

Five key themes for markets in the week aheadApril 13, 2026 6:45 AM
IH Market News
Geopolitics is taking centre stage at the start of the trading week, with a planned U.S. blockade of the Strait of Hormuz driving fresh volatility across markets. The move has pushed oil prices higher again, while upcoming inflation data and a busy earnings calendar could provide further direction for investors.

1. U.S. moves ahead with Hormuz blockade

The U.S. military has confirmed it will begin restricting maritime traffic linked to Iran through the Strait of Hormuz from 10 a.m. Eastern on Monday, following an order from President Donald Trump after weekend talks with Iran failed to yield progress.According to the Pentagon, vessels “entering or departing Iranian ports and coastal areas” will be targeted, while other ships transiting the strait will still be permitted to pass.The decision follows 21 hours of negotiations in Pakistan that ended without an agreement to extend a fragile two-week ceasefire. Vice President JD Vance, who led the U.S. delegation, said Iran rejected demands to halt its nuclear ambitions. Pakistan, acting as a mediator, urged both sides to “uphold their commitment to ceasefire.”Elsewhere, Israel and Lebanon are set to hold talks in Washington this week, although continued strikes on Hezbollah-linked targets have raised doubts about the durability of any broader regional truce.

2. Oil climbs back above $100

Crude prices surged again on Monday, breaking back above the $100 per barrel level.Brent crude rose 6.7% to $101.65, while U.S. West Texas Intermediate gained 7.1% to $103.42.Despite the rally, analysts at Pepperstone said the market response had been “relatively contained,” with investors interpreting the blockade largely as a negotiating tactic.“I’d not be at all surprised to see risk assets remain underpinned to a degree, with continued hope that a deal can be agreed likely to continue to encourage dip buying, even as crude benchmarks are likely to grind steadily higher as physical supply tightens further,” said Michael Brown, Senior Research Strategist at Pepperstone.Oil had dipped below $100 last week following the ceasefire announcement, which itself came after Trump warned Iran’s “civilization” could be destroyed if the Strait of Hormuz was not reopened. Even so, prices have remained well above pre-conflict levels.

3. U.S. producer price data in focus

Rising energy costs have heightened concerns about inflation globally and how central banks may respond.This week, attention will turn to U.S. producer price index (PPI) data for final demand, which will provide a clearer picture of price pressures in March—the first full month reflecting the impact of the Iran conflict.Recent consumer price data already showed a sharp increase, driven largely by higher fuel costs. Energy prices jumped 12.5% year-on-year, compared with just 0.5% in February.However, core inflation—which excludes food and energy—came in softer than expected, at 2.6% annually and 0.2% month-on-month.Given this, analysts believe the Federal Reserve may not place excessive weight on the headline figures alone. The upcoming PPI release could offer further clues on how policymakers approach interest rates in the months ahead.“A stronger-than-expected [PPI] reading would reinforce the case for a ‘higher for longer’ rate outlook, likely supporting the dollar and leaving EUR/USD’s recent rebound vulnerable to renewed downside,” said Laurence Booth, Global Head of Markets at CMC Markets.

4. Bank earnings take centre stage

The U.S. earnings season gathers pace this week, led by results from major Wall Street lenders.Goldman Sachs (NYSE:GS) is set to report first, with its shares up around 3% so far this year. Trading revenues have been supported by portfolio repositioning linked to developments in artificial intelligence, while its investment banking division has also delivered growth.However, the Iran conflict may weigh on outlooks. While volatility can boost trading income, elevated commodity prices could discourage dealmaking activity such as mergers and acquisitions, potentially affecting advisory revenues.Other banks reporting include JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS).Beyond banking, earnings are also expected from Netflix and PepsiCo.

5. European luxury sector results ahead

In Europe, attention will turn to the luxury sector, where several major groups are due to report.LVMH (EU:MC), owner of brands such as Louis Vuitton and Dior, is scheduled to release first-quarter sales, with geopolitical tensions likely to influence its outlook. Peers Kering SA (EU:KER) and Hermès (EU:RMS) are also set to report.According to Reuters, luxury sales in markets such as Dubai and Abu Dhabi have declined due to the conflict, weighing on the $400 billion sector.Elsewhere, ASML (NASDAQ:ASML) will report on Wednesday, with investors watching closely for updates on its ability to meet strong demand from artificial intelligence chipmakers.Goldman Sachs Group stock priceJPMorgan Chase stock priceWells Fargo stock priceCitigroup stock priceBank of America stock priceMorgan Stanley stock price

Original: Five key themes for markets in the week ahead

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iHub News 3月前

Markets edge lower as Hormuz blockade fears grow; Goldman Sachs earnings in focus: Dow Jones, S&P, Nasdaq, Wall Street FuturesApril 13, 2026 5:50 AM
IH Market News
Futures tied to major U.S. equity indices pointed slightly lower at the start of the week, as concerns over a potential U.S. naval blockade of the Strait of Hormuz and stalled negotiations between Washington and Tehran weighed on investor sentiment. Oil prices moved back above $100 per barrel, with markets increasingly uneasy about the durability of a fragile U.S.-Iran ceasefire. Meanwhile, earnings from Goldman Sachs (NYSE:GS) are set to kick off the U.S. reporting season, while LVMH (EU:MC) is also due to release results.

Futures drift lower

U.S. stock futures declined on Monday as investors reacted to renewed geopolitical risks following President Donald Trump’s warning that a blockade could be imposed on the Strait of Hormuz after weekend talks with Iran failed to produce a breakthrough.As of 03:28 ET, Dow futures were down 239 points, or 0.5%, S&P 500 futures fell 40 points, or 0.6%, and Nasdaq 100 futures dropped 168 points, or 0.7%. Markets in Europe and Asia also showed signs of weakness, while oil prices surged and the U.S. dollar strengthened.Wall Street had closed mixed on Friday, with investors taking a cautious stance ahead of high-stakes negotiations in Pakistan. Although a temporary two-week ceasefire was announced last week, uncertainty remains over whether it will lead to a lasting resolution.Investors also digested data showing a sharp increase in consumer prices in March, largely driven by rising fuel costs linked to the energy shock triggered by the conflict. Oil prices have climbed significantly since late February, when tensions with Iran escalated and tanker traffic through the Strait of Hormuz—through which roughly 20% of global oil flows—was effectively disrupted.

Trump signals Hormuz blockade

On Sunday, Trump said the U.S. Navy would launch an “immediate” blockade of the Strait to restrict shipping activity.He warned that any vessel paying fees imposed by Tehran would not be guaranteed “safe passage on the high seas.”Later, the Pentagon clarified that the restrictions would target ships “entering or departing Iranian ports or coastal areas,” while allowing other vessels to continue transiting the Strait.The escalation follows 21 hours of negotiations between U.S. and Iranian officials in Pakistan, which ended without an agreement to extend the ceasefire. Vice President JD Vance, who led the U.S. delegation, said Iran had rejected demands to halt its nuclear ambitions. Tehran has not immediately commented, though Pakistan—acting as mediator—urged both sides to “uphold their commitment to ceasefire.”

Oil climbs back above $100

Crude prices surged again on Monday, reclaiming the $100 per barrel level.Brent crude rose 6.7% to $101.65, while U.S. West Texas Intermediate gained 7.1% to $103.42.Despite the sharp move, analysts at Pepperstone said the market reaction had been “relatively contained,” suggesting that traders may see the blockade as a negotiating tactic.“While it’s clearly a risk-averse start to the trading week, […] the general market reaction can be summed up as ‘could be worse’,” said Michael Brown, Senior Research Strategist at Pepperstone.Oil had briefly dipped below $100 last week after the ceasefire announcement, which followed Trump’s warning that Iran’s “civilization” could be destroyed if the Strait was not reopened. Even so, prices remained elevated compared with pre-conflict levels.

Goldman Sachs results ahead

Attention now turns to earnings from major U.S. banks, beginning with Goldman Sachs’ quarterly results before the market open.Shares of Goldman have risen about 3% so far this year, supported by strong trading activity as investors reposition portfolios amid disruption from emerging artificial intelligence technologies. Investment banking revenues have also shown resilience.However, developments in Iran may overshadow the results. While volatility can boost trading income, sustained high commodity prices could deter companies from pursuing costly deals such as mergers and acquisitions, potentially weighing on advisory revenues.Other major banks set to report this week include JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS).

LVMH set to report

LVMH (EU:MC), the world’s largest luxury goods company and owner of brands such as Louis Vuitton and Dior, is due to publish its first-quarter sales later today, with the Middle East conflict expected to feature prominently in its outlook.According to Reuters, luxury sales in key regional hubs like Dubai and Abu Dhabi have declined due to the ongoing conflict, impacting companies including LVMH as well as peers like Kering SA (EU:KER) and Hermès (EU:RMS).At Dubai’s Mall of the Emirates, luxury sales reportedly dropped by as much as 50% in March, while foot traffic at Dubai Mall saw a similar decline. In Abu Dhabi’s Galleria mall, overall sales were down by around 10%.Although the Middle East represents a relatively small portion of LVMH’s total revenue, analysts cited by Reuters suggest that the impact on profitability—reported on a half-year basis—could be more significant.Goldman Sachs Group stock priceJPMorgan Chase stock priceWells Fargo stock priceCitigroup stock priceBank of America stock priceMorgan Stanley stock price

Original: Markets edge lower as Hormuz blockade fears grow; Goldman Sachs earnings in focus: Dow Jones, S&P, Nasdaq, Wall Street Futures

Bank of America Announces Redemption of $3,000,000,000 3.559% Fixed/Floating Rate Senior Notes, Due April 2027April 8, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., April 8, 2026 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 23, 2026 all $3,000,000,000 principal amount outstanding of its 3.559% Fixed/Floating Rate Senior Notes, due April 2027 (CUSIP No. 06051GHT9) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of April 23, 2026. Interest on the Notes will cease to accrue on the redemption date.

Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. is the trustee and paying agent for the Notes.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions, and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Forward-looking statementsCertain information contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed under Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, and in any of our subsequent Securities and Exchange Commission filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.Investors may contactLee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.comJonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.comReporters may contactJocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-announces-redemption-of-3-000-000-000-3-559-fixedfloating-rate-senior-notes-due-april-2027--302736616.htmlSOURCE Bank of America Corporation

Original: Bank of America Announces Redemption of $3,000,000,000 3.559% Fixed/Floating Rate Senior Notes, Due April 2027

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US Market News 3月前

CashPro App Usage Rises 20% as Clients Approve $38,000 in Payments Every SecondApril 8, 2026 11:05 AM
PR Newswire (US)

Driven by Bank of America's investments in mobile, AI, and security, the CashPro App is taking on a larger role in real-time treasury decision-makingKey pointsCashPro App enables real-time decision-making in any environment.Corporate and commercial clients increasingly rely on CashPro for high-value, high-volume activity.AI-driven insights are becoming a core part of treasury strategy.NEW YORK and LONDON and SINGAPORE and SÃO PAULO, April 8, 2026 /PRNewswire/ -- Bank of America today announced that its CashPro App has become an indispensable platform for corporate and commercial clients, attracting a record number of sign-ins and growing 20% year over year1. Last year, clients approved a record $1.2 trillion in payment value through the app—an average of $38,000 every second—underscoring the scale of activity and the app's integral role in day-to-day treasury operations across industries and geographies.

"The CashPro App has been our saving grace," said Daylon Bailey, Treasury Operations Manager of Highgate Hotels and member of the CashPro North America Board. "It helps me make decisions everyday – including whether to approve someone's access, or to release a wire. For payment approvals, I may not be near my laptop, but if I am expecting a payment that needs to go out, I can pull out my phone and quickly validate information without delay."The drivers of mobile adoptionSeveral converging dynamics drove the 20% year-over-year surge in CashPro App sign-ins."Mobile has moved from convenience to necessity—serving as a powerful companion to established treasury operations as clients navigate market volatility, evolving workforce expectations, and rapid advancements in mobile-native security and AI," said Jennifer Sanctis, CashPro Product Executive at Bank of America. "These forces are reshaping how treasurers work, and mobile has set itself apart by providing immediate access to information for critical decision-making in moments that matter."Demand for real-time visibility and AI-driven insights: The CashPro app delivers instant access into cash positions, balances, and – since November 2025 – Investment Grade Bond market data through Capital Markets Insights and its AI-driven Trade Evaluation Driver score helping finance teams assess market conditions and relative value directly from their mobile device.Adoption of biometric authentication via QR Sign In: Enabling a seamless, secure connection to CashPro Online and extending familiar consumer experiences – such as QR codes and biometrics – into high-value commercial banking workflows.Preference for push-based workflows over email: In-app push alerts and approvals via the CashPro Mobile Token provide stronger security and faster response times compared to traditional email-based notifications, which remain more vulnerable to spoofing."Clients have been clear about what they need from us—speed, resilience, and uncompromising security," said Winnie Chen, head of Global Payments Solutions APAC at Bank of America. "Their feedback, combined with a rapidly evolving industry landscape, continues to shape how we invest in the CashPro App—expanding mobile capabilities that give clients confidence to act quickly and securely, wherever their business takes them."More enhancements ahead for CashPro App usersLater this year, Bank of America will introduce new functionality to enhance the mobile experience, including:Redesigned Payment Approval that will further improve workflow.A new digital identity verification experience for corporate administrators. This update will build on the app's inherent cybersecurity protections and patented integrated mobile token.Frequently Asked QuestionsQuestion: What is CashPro?Answer: CashPro is Bank of America's flagship digital platform used by more than 35,000 companies around the globe to manage and monitor their payments, deposits, loans and trade transactions. Through a single, unified experience, CashPro connects companies and institutions to one of the world's largest banking networks – helping them move faster, operate with greater control, and make smarter cash and liquidity decisions globally.Question: How does CashPro compare against peer offerings?Answer: For four consecutive years, the CashPro App has been the No. 1 ranked mobile application according to Coalition Greenwich. The broader CashPro platform has also been ranked:No. 1 (tied) – Overall Leadership in Digital Channels, fourth consecutive yearNo. 1 – Online Portal OverallNo. 1 – Host-to-Host (tied)No. 2 – TMS and ERP integrationsQuestion: Does CashPro use AI technology?Answer: Yes. CashPro uses AI technology in the following ways:CashPro Capital Markets Insights uses an AI-driven algorithm leveraging market variables that produces a TED score – an objective way to quantify the macro backdrop that clients, the debt issuers, are faced with prior to deciding the viability of an investment-grade issuance on a given day.CashPro Forecasting is an AI-driven data intelligence tool that automatically integrates account data and applies machine learning to analyze global cash positions, generate accurate forecasts, and deliver actionable insights—all within minutes.CashPro Chat is a virtual assistant built with Bank of America's AI-driven Erica technology. Clients use the tool to access account information, for transaction tracking and service resolution.Question: What is the CashPro Board?Answer: Bank of America has a number of CashPro Boards. Comprised of client users, the boards represent different client segments and regions. Dialogue generated through the boards is used to help determine investment and design decisions.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contactLouise Hennessy, Bank of America
Phone: 1.646.858.6471
louise.hennessy@bofa.com 1 Full Year 2024 to Full Year 2025

View original content to download multimedia:https://www.prnewswire.com/news-releases/cashpro-app-usage-rises-20-as-clients-approve-38-000-in-payments-every-second-302736612.htmlSOURCE Bank of America Corporation

Original: CashPro App Usage Rises 20% as Clients Approve $38,000 in Payments Every Second

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US Market News 3月前

After a Breakout First Year, BofA's "Golf with Us" Returns to Bring $5 Golf to Kids NationwideApril 8, 2026 10:00 AM
PR Newswire (US)

Reigning Masters Champion Rory McIlroy makes $500,000 Donation to Youth on Course to Fund 70,000 Rounds for Kids through Golf with UsKey PointsBank of America's "Golf with Us" returns, offering youth ages 6-18 $5 tee times via free Youth on Course memberships nationwide at BofA.com/GolfwithUsAvailable across Bank of America's 97 markets, the Golf with Us targets 150,000 new participants and aims to continue to increase Youth on Course's municipal course network across the countryBank of America will bring Golf with Us clinics to 25 markets, offering skill development and life lessons for local youthEnhanced benefits in 2026 include $5 golf simulator rentals and free PGA Pro lessons via Youth on Course partners Golf Galaxy and Dick's House of SportAUGUSTA, Ga. and CHARLOTTE, N.C. and MONTEREY, Calif., April 8, 2026 /PRNewswire/ -- Continuing on its commitment to make golf more accessible and affordable for kids, Bank of America today announced the return of Golf with Us. Children, ages 6-18, are invited to enroll in Golf with Us to access tee times for $5 or less to thousands of courses across Bank of America's 97 markets through a free one-year membership to Youth on Course.In its inaugural year, Bank of America's Golf with Us drew nearly 100,000 youth participants from every state, Washington D.C. and Puerto Rico, with members logging more than 100,000 rounds of golf nationwide. Of those members, more than 22,000 were girls including many first-time golfers. This year, the Bank hopes to enroll 150,000 kids in Golf with Us."Our belief in the power of sport to bring people together and broaden opportunity is reinforced by our partnerships that help us build stronger client connections, support local economies and inspire future generations," said Brian Moynihan, Chair and CEO of Bank of America. "In its first year, Golf with Us has helped nearly 100,000 kids learn invaluable life skills, and we look forward to building on this momentum with Rory's terrific support and partners like Youth on Course."Golf with Us returns on golf's grandest stage – the 2026 Masters Tournament, where Bank of America serves as a Champion Partner. The bank's newest marketing campaign reimagines the sport's most iconic Masters moments with Golf with Us members featuring:Jack Nicklaus' iconic putt for birdie on the 17th in 1986 to secure sole possession of the leadBubba Watson's escape from the pine straw on the 10th enroute to a 2012 Masters victoryRory McIlroy's shot of a lifetime on the 15th hole and celebration on 18 after securing his long-awaited green jacket in 2025 "I remember being a kid trying to copy everything the players I looked up to did, the swing, the mannerisms, all of it. The idea of a young kid recreating that shot on 15 really resonated with me," said McIlroy. "Golf teaches powerful life lessons, how to compete, stay patient, and handle setbacks, and those lessons shape who you become. Opening access to the game is key to giving more kids that opportunity."Inspired by the campaign, McIlroy will donate $500,000 to Youth on Course, which will help fund 70,000 rounds for members in the months ahead.While discounted tee times remain a core offering, Golf with Us benefits also include:NEW IN 2026: Expanded access for indoor play with $5 golf simulator rentals and a free lesson from a PGA Pro at any Golf Galaxy and DICK's House of Sport locationNEW IN 2026: Mentor-led golf experiences through a partnership with Watson LinksA registered handicap index in the United States Golf Association's (USGA) Golf Handicap Information Network (GHIN) systemComplimentary access to GolfPassContinued development and learning opportunities through the PGA of America REACH FoundationThroughout the spring and summer, Bank of America will also host thousands of kids at free Golf with Us clinics across the country where golf legends and celebrities with a passion for golf serve as instructors, sharing fundamental golf skills and life lessons while helping children feel a sense of belonging within the sport. In 2025, more than 1,500 kids participated in these clinics across 25 markets alongside golf legend Annika Sorenstam, NFL Hall of Famer Terrell Davis, World Series Champions Ryan Zimmerman and Jackie Bradley, Jr., and former U.S. Men's National Team veteran Jozy Altidore, among dozens of others."Our partnership with Bank of America has been a gamechanger for Youth on Course, accelerating our mission and scaling our impact in communities across the country," said Adam Heieck, Chief Executive Officer, Youth on Course. "As Youth on Course proudly celebrates its 20th anniversary, Bank of America's support has not only inspired tens of thousands of new young golfers but also expanded our network by adding over 100 municipal course locations and counting, ensuring that kids have safe, affordable places to play in their communities."Golf with Us is free and open to the first 150,000 new participants who enroll before June 15. Returning Golf with Us participants can renew their annual membership with an exclusive 20% discount offer, courtesy of Bank of America. Interested families can learn more about the Golf with Us program and enroll by visiting: BofA.com/GolfwithUs.Frequently asked questionsQuestion: How can my child sign up for Golf with Us, and is there a cost?
Answer: Golf with Us is free and open to the first 150,000 new participants, ages 6-18, who enroll before June 15, 2026. Families can learn more and sign up at BofA.com/GolfwithUs. Returning Golf with Us participants are eligible to renew their membership at an exclusive 20% discount, courtesy of Bank of America.Question: What benefits are included with a Youth on Course membership through Golf with Us?
Answer: Members can enjoy rounds for $5 or less at thousands of courses nationwide. Once they complete one qualifying golf session, they also gain access to $5 golf simulator rentals at any Golf Galaxy and DICK's House of Sport location, a registered handicap index through the USGA's Golf Handicap Information Network (GHIN), complimentary access to GolfPass, and continued development and learning opportunities through the PGA of America REACH Foundation.Question: How is Bank of America working to expand golf access in communities long-term?
Answer: Bank of America is funding the widespread expansion of municipal courses within Youth on Course's network. This investment ensures that kids in more communities — including those that have historically had limited access — have safe, affordable places to play close to home.Question: Is Golf with Us designed for all kids, including those who have never played before?
Answer: Absolutely. Golf with Us is designed to welcome all young people to the game, regardless of experience level. In its inaugural year, thousands of first-time golfers enrolled, and more than 22,000 participants were girls — reflecting the program's commitment to making golf a sport where every kid feels they belong. No prior experience is needed to sign up and start playing.Question: What is Youth on Course, and why did Bank of America partner with this organization?
Answer: Youth on Course is a nonprofit organization that has provided young people access to golf for $5 or less since 2006, with a network of more than 2,000 courses across the United States, Canada, and Australia. Celebrating its 20th year, Youth on Course shares the Bank's commitment to removing financial barriers to the game and creating meaningful opportunities for youth in communities nationwide.Question: Where is "Golf with Us" available?
Answer: Golf with Us is available across all 97 Bank of America markets, spanning all 50 states, Washington D.C. and Puerto Rico. Through Youth on Course's network of more than 2,000 partner courses nationwide, families can find affordable, accessible places to play close to home. Interested families can visit BofA.com/GolfwithUs to enroll and explore participating courses in their area.Bank of America's Sports Commitment
Bank of America serves as a Champion Partner of the Masters Tournament and has partnered with the Augusta National Women's Amateur since 2019. Bank of America is also the presenting partner of the More Than Golf Invitational for female amateur golfers in partnership with the ANNIKA Foundation and has partnered since 2002 with the Latin America Amateur Championship and Asia-Pacific Amateur Championships.Bank of America also serves as Platinum Partner of the 2026 Special Olympics USA Games and will bring more than 159 athletes and 40 caddies to the competition as sponsor of the golf competition. Beyond its growing golf partnership portfolio, Bank of America also partners with some of the most iconic brands in sports that share a vision for excellence and achievement. Through these partnerships, the bank is working to deepen client relationships, inspire and showcase teammates, create lasting economic impact in communities, and drive growth, globally and locally, through the power of sport. To learn more, visit our Bank of America Sports webpage.Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Youth on Course
Youth on Course, a 501(c)3 nonprofit organization headquartered in Monterey, Calif., provides youth 18 and under access to life-changing opportunities through golf. Since its inception in 2006, Youth on Course members have played more than 5 million subsidized rounds of golf for $5 or less at thousands of partner courses throughout the United States, Canada, and Australia. Its members include the top juniors in the sport, competing on the AJGA and Underrated Tours, the inaugural United States Golf Association U.S. National Development Team, and all collegiate levels. The organization forges new pathways for youth to grow in the game via opportunities, including the DRIVE Club, Careers on Course, Leadership Council, and its annual College Scholarship awards. The Youth on Course Alumni Network extends membership to those 19 and older, offering opportunities for young adults to connect at complementary events, access exclusive deals, and network with the top employers in the golf industry. Supporters can participate in various initiatives, including the Youth on Course 100 Hole Hike, the Vintage Cup, and the Online Auction, to help fund golf access for youth. More information about Youth on Course can be found by visiting youthoncourse.org or Facebook, Instagram, LinkedIn, TikTok and X.Reporters may contactAndy Aldridge, Bank of America
Phone: 1.980.387.0514
andrew.aldridge@bofa.comOlivia Prentice, Youth on Course
Buffalo Groupe
Phone: 210.739.3784
oprentice@buffalogroupe.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/after-a-breakout-first-year-bofas-golf-with-us-returns-to-bring-5-golf-to-kids-nationwide-302737077.htmlSOURCE Bank of America Corporation

Original: After a Breakout First Year, BofA's "Golf with Us" Returns to Bring $5 Golf to Kids Nationwide

Visa, Street Soccer USA and Bank of America to Bring Visa Street Soccer Parks to Every FIFA World Cup 2026™ Host City in the U.S.March 28, 2026 7:00 AM
PR Newswire (US)

With 75 days to go until the FIFA World Cup 2026™, Visa and partners expand community investment—bringing additional access to sport, education and opportunity to communities across the U.S.SAN FRANCISCO and CHARLOTTE, N.C., March 28, 2026 /PRNewswire/ -- Visa, the Official Payment Technology Partner of the FIFA World Cup 26™, together with national nonprofit Street Soccer USA and Bank of America, the Official Bank Sponsor of the FIFA World Cup 26™, today announced a significant expansion of Visa Street Soccer Parks, bringing a new park to every host city in the U.S. ahead of this summer's tournament.

Designed to serve communities at the neighborhood level, Visa Street Soccer Parks transform underutilized spaces into vibrant, accessible hubs for sport, learning and connection. As the tournament approaches, the expansion will bring community-driven infrastructure and programming to all 11 U.S. FIFA World Cup 26™ Host Cities, including new parks in Boston, Dallas/Fort Worth, Houston, Los Angeles, Miami, Philadelphia and Tacoma. This community-focused infrastructure investment reflects a shared commitment to harnessing the unifying power of sport to uplift local communities."With the FIFA World Cup™ just months away, we're shifting from preparation to execution," said Kim Lawrence, Regional President, North America, Visa. "This tournament is a global moment, but its legacy is built locally—in the neighborhoods that will host fans, families and the next generation of players. By expanding Visa Street Soccer Parks and supporting the local businesses and people who activate them every day, we're turning tournament momentum into meaningful opportunity that lasts well beyond the final match."Each park is custom designed to support meaningful, ongoing use by the communities it serves and features two professional grade Bank of America fields, lighting for extended play, learning centers and flexible gathering spaces. Programming is delivered in collaboration with community partners and tailored to local needs—supporting recreational play, academic enrichment, workforce readiness and community engagement."Communities are built on accessible opportunities for connection, healthy activity and growth," said David Tyrie, President, Marketing, Digital and Specialized Consumer Client Solutions at Bank of America. "These are more than just places to play; they are spaces where people of all ages can find common ground through the game of soccer, develop essential life skills and forge lasting bonds that strengthen our community fabric."Since opening the first park in San Francisco last year, the initiative is already demonstrating its impact on the ground with additional parks in Denver, Kansas City and New York City actively hosting youth and adult leagues, after-school academic support, financial education sessions and job readiness programming in partnership with local organizations. Previously announced parks in Nashville and Atlanta remain in development, with opening dates to be shared as planning is finalized."This is not about short-term excitement—it's about building something that lasts," said Lawrence Cann, Co-Founder and President of Street Soccer USA. "These parks are designed to create consistency and access, but more importantly, they belong to the communities that activate them every day. Rooted in community leadership, they create a bottom-up, durable legacy built and sustained by the people who call these neighborhoods home. As we expand these efforts into additional cities across the country, the focus is permanence and ensuring this work endures long after the tournament ends."The FIFA World Cup 26™ will bring unprecedented global attention to the United States. Through Visa Street Soccer Parks—and by supporting the people and small businesses that activate them—Visa, Street Soccer USA and Bank of America are already delivering community-driven impact, building spaces that will serve local communities well beyond the tournament itself.VisaVisa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.Street Soccer USAStreet Soccer USA is a national non-profit organization dedicated to addressing social issues through soccer-based programs, providing underserved communities with pathways to achieve their potential. With a focus on accessible soccer programming and park development, SSUSA fosters safe, community-driven environments that empower individuals and strengthen neighborhoods. Through long standing relationships with municipal and state partners, thousands of donors, and key foundation, brands and pro soccer partners like Adam R. Scripps Foundation, UNIQLO, Borussia Dortmund, Serie A among others, SSUSA has grown to serve tens of thousands of youth and families each year across 16 cities, nationally, and growing.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters May ContactAndy Aldridge, Bank of America
Phone: 1.980.387.0514
andrew.aldridge@bofa.comTim Hurkmans, Bank of America
Phone: 1.929.656.1718
tim.hurkmans@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/visa-street-soccer-usa-and-bank-of-america-to-bring-visa-street-soccer-parks-to-every-fifa-world-cup-2026-host-city-in-the-us-302727680.htmlSOURCE Bank of America Corporation

Original: Visa, Street Soccer USA and Bank of America to Bring Visa Street Soccer Parks to Every FIFA World Cup 2026™ Host City in the U.S.

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US Market News 3月前

Watson Links and Bank of America Partner to Expand Youth Golf Access and Mentorship through Golf with UsMarch 27, 2026 9:00 AM
PR Newswire (US)

KANSAS CITY, Mo. and CHARLOTTE, N.C., March 27, 2026 /PRNewswire/ -- Watson Links, the nonprofit youth golf mentoring organization founded by eight-time major champion Tom Watson, today announced a new partnership with Bank of America as part of Golf with Us, which aims to make golf more accessible while strengthening communities through the power of sport.

Established by Bank of America in collaboration with Youth on Course, Golf with Us introduces more young people to the game through affordable opportunities to play, instructional clinics and continued development, and local partnerships. In 2026, Watson Links will join the growing Golf with Us ecosystem by adding mentor-led golf experiences that help junior players build confidence, knowledge of the game and life-readiness skills alongside caring, vetted adult golfers.Through the partnership, Bank of America becomes Watson Links' Champion Partner, providing critical support that helps expand golf mentoring opportunities, fund new on-course experiences, and increase access to golf for kids and teens of all skill levels nationwide.Founded in 2021, Watson Links pairs junior golfers—typically ages 10–18—with adult golf mentors for nine-hole rounds designed to drive fun, teach golf etiquette, and develop important social and life-readiness skills. These free mentor-driven experiences help remove some of the barriers young players face—course access, cost, and lack of guidance—while creating lasting connections between generations of golfers."One of the best ways to learn something new—or master a skill—is with the help of a mentor," shared Tom Watson, founder of Watson Links. "Our partnership with Bank of America through Golf with Us will help give junior golfers more access and on-course opportunities. Playing alongside mentors will help develop life skills like confidence and resilience and a love of the game while fostering meaningful connections that benefit both juniors and adults."The key ingredient in Watson Links experiences are golf mentors —caring adults who bring encouragement, perspective, and real-world wisdom that apply both on and off the golf course. These rounds can benefit highly skilled junior golfers as well as those who are newer to the game. Golf mentors are players of all skill levels who share a passion for the game and serve as positive role models for the next generation. Adult golfers do not have to be major champions to make a major impact in their communities."Last year, Golf with Us helped nearly 100,000 young people – including many first-time golfers – experience the transformative power of the sport," said Michele Barlow, Head of Enterprise Marketing, Bank of America. "Together with Watson Links, we can increase access and opportunity for more young people while mentors integrate the valuable skills that drive success on and off the course."In 2025, 1,153 junior golfers and mentors participated in Watson Links mentoring rounds across 21 U.S. markets. In 2026, the organization will bring free golf mentoring experiences to thousands more young players.To learn more about where to find Watson Links or to get involved as a junior golfer or mentor, visit WatsonLinks.org.About Watson LinksWatson Links is a nonprofit youth golf mentoring organization founded in 2021 by eight-time major champion Tom Watson. The organization builds community and personal growth through golf mentoring. Watson Links works with local partners to create or strengthen programs that pair junior golfers ages 10–18 with vetted adult mentors. These on-course experiences build confidence, teach golf etiquette, and develop important life-readiness skills while helping remove barriers to the game. In 2026, Watson Links programs will span 55 markets nationwide, engaging golfers of all ages and skill levels in a growing mentoring movement through golf.Bank of America's Sports CommitmentBank of America serves as a Champion Partner of the Masters Tournament and has partnered with the Augusta National Women's Amateur since 2019. Bank of America is also the presenting partner of the More Than Golf Invitational for female amateur golfers in partnership with the ANNIKA Foundation and has partnered since 2002 with the Latin America Amateur Championship and Asia-Pacific Amateur Championships.Beyond its growing golf partnership portfolio, Bank of America also partners with iconic brands in sports that share a vision for excellence and achievement. Through these partnerships, the bank is working to deepen client relationships, inspire and showcase teammates, create lasting economic impact in communities, and drive growth, globally and locally, through the power of sport. To learn more, visit our Bank of America Sports webpage. Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contactAndy Aldridge, Bank of America
Phone: 1.980.387.0514
andrew.aldridge@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/watson-links-and-bank-of-america-partner-to-expand-youth-golf-access-and-mentorship-through-golf-with-us-302726862.htmlSOURCE Bank of America Corporation

Original: Watson Links and Bank of America Partner to Expand Youth Golf Access and Mentorship through Golf with Us

U.S. bank stocks rise after Trump pauses Iran strikesMarch 23, 2026 10:04 AM
IH Market News
Shares of major U.S. banks moved higher Thursday after President Donald Trump announced a five-day suspension of military strikes targeting Iranian power plants and energy infrastructure.Citigroup (NYSE:C) led the gains, rising 3%. Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) each added 1.5%, while Wells Fargo (NYSE:WFC) advanced 2% and Goldman Sachs (NYSE:GS) climbed 2.25%.Trump said the U.S. military would delay additional strikes after what he described as “productive” discussions between Washington and Tehran. The announcement helped calm fears of a broader escalation in the Middle East that could disrupt global energy markets and weigh on economic stability.Bank stocks tend to be sensitive to geopolitical developments, particularly in regions that play a key role in global oil production. Rising tensions in the Middle East often trigger volatility in oil prices, which can influence economic growth and financial markets where banks maintain significant exposure.The decision to pause military action reduced near-term uncertainty for the financial sector, helping lift bank shares. Citigroup — which has a large international presence — showed the strongest gain among the major lenders.Citigroup stock priceBank of America stock priceJPMorgan Chase stock priceWells Fargo stock priceGoldman Sachs Group stock price

Original: U.S. bank stocks rise after Trump pauses Iran strikes

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US Market News 3月前

U.S. Soccer, Soccer Forward Foundation and Bank of America Launch 'Soccer at Schools' to Bring Soccer to Schools Across the U.S. by 2030March 23, 2026 10:00 AM
PR Newswire (US)

Initiative kicked off in Altadena, Calif., with special event, equipment donation and a soccer clinic with 500 students led by Sir David Beckham, Angel City FC star Sydney LerouxATLANTA, March 23, 2026 /PRNewswire/ -- U.S. Soccer, through the Soccer Forward Foundation, and Bank of America today announced the launch of Soccer at Schools, an initiative designed to make soccer accessible to every school across the country by 2030.

Ahead of FIFA World Cup 2026™, Soccer at Schools aims to expand access to the sport by equipping educators, State Soccer Associations, community organizations, parents and more with resources that empower the entire soccer ecosystem with resources such as advocacy tools, PE activities, training, partner-supported programming, equipment and the Soccer at Schools Starter Kit.Recognizing soccer as one of the fastest-growing youth sports and an unprecedented opportunity for the sport over the next five years, Soccer at Schools addresses a number of critical equity gaps by:Increasing access to places to play: 67% of parks and recreation departments report they don't have enough sports fields, courts or facility space to meet demand.Helping recruit and train volunteers: 82% of community sports agencies report a shortage of volunteer coaches as a top challenge in delivering youth sports programs.Promoting physical wellness: Approximately 1 in 5 U.S. school-aged children are obese and roughly 71% fail to meet recommended physical activity levels."Soccer at Schools reflects the power of the soccer community in this country," said JT Batson, CEO of U.S. Soccer. "With 120 member organizations across all 50 states, U.S. Soccer is uniquely positioned to connect schools, educators and community leaders with the resources they need to introduce the game to young people. Through Soccer at Schools, we are using that national network to ensure the momentum of FIFA Men's World Cup 2026™ translates into lasting opportunities for students and communities across the United States, not just during the tournament, but for generations to come."Soccer at Schools aligns with Bank of America's Sports with Us platform, which is built on a philosophy and investment to inspire, connect and impact communities through sports.By leveraging the entire soccer ecosystem and working at scale with community organizations and school districts, the initiative creates vital opportunities to:Increase students' physical activity, movement, social connection and confidence-building.Spark interest among students who may later participate in after-school programs, local leagues and community clubs.Build a broader pipeline of players, coaches, volunteers and fans to sustain the growth of soccer in the United States by creating early touchpoints."We want the next generation to feel like soccer is theirs from the very first time they touch a ball, which means building a comprehensive approach to ensuring accessible, enjoyable and meaningful experiences for young people to play across the country," said Lex Chalat, Executive Director of the Soccer Forward Foundation, the legacy and social impact arm of U.S. Soccer. "Through Soccer at Schools, Bank of America and Soccer Forward are working to meet students where they are and make the game easier for educators and communities to bring to life. By equipping the entire soccer and education landscape with practical tools, training, and support, we can help ensure more young people experience the benefits of soccer while creating lasting impact in communities across the country.""Bank of America's Sports with Us platform is designed to strengthen communities in part through foundational programs that build stronger futures," said Michele Barlow, Head of Enterprise Marketing, Bank of America. "Through our partnership with U.S. Soccer and Soccer Forward, we're harnessing the transformative power of sport to cultivate well-being and empower the next generation."To celebrate the launch and showcase how Soccer at Schools comes to life locally, Bank of America and Soccer Forward Foundation will host a series of engagements at schools across the country featuring special guests, equipment donations and soccer clinics. The first activation took place at Odyssey Charter in Altadena, Calif., a community devastated by last year's Los Angeles wildfires, and featured appearances from Sir David Beckham – Bank of America's global sports ambassador – and Angel City FC's Sydney Leroux. The series will continue in Atlanta in March alongside the U.S. Men's National Team sendoff matches, and continue on to additional communities in Charlotte and Chicago. The official platform where community organizations, soccer clubs and schools can engage directly with the initiative to receive support will go live this summer.For images, videos and interviews of the event in Altadena, visit the soccer page in our Newsroom."For me, soccer isn't just about scoring goals; it's where I learned about grinding it out, working as a team and pushing through tough times. That's why the Soccer at Schools initiative from Bank of America and U.S. Soccer is so powerful," said Sydney Leroux, star forward for Angel City FC. "It's giving kids that same chance to build character and learn those crucial life lessons, while removing financial barriers to the sport.""Soccer has been the foundation of my life which started with incredible support at school and in my local community through well-trained coaches, volunteers, and access to facilities and equipment. Soccer at Schools is built on that very same approach - that all children should have the support and access they need to succeed. I look forward to seeing the impact that will be made for young people in their communities with this long-term programming announced today," said Sir David Beckham, Bank of America Global Sports Ambassador and Principal for a Day.Soccer at Schools represents one of the most significant youth access investments connected to the FIFA World Cup 2026™ legacy and is a key pillar of U.S. Soccer's efforts to make soccer the #1 sport played in every community. Through equipping and supporting people, places and programs across the country, Soccer Forward is increasing participation, enabling stronger community connections and improving youth health and expanded access to safe places to play.The initiative also reflects U.S. Soccer's role as a national convener capable of connecting educators, community organizations and soccer leaders across the country. By working with schools and local partners, Soccer at Schools helps ensure the momentum surrounding the FIFA World Cup 2026™ translates into lasting participation and opportunity for communities nationwide.To learn more about 'Soccer at Schools,' visit the Soccer at Schools page. For additional information on Bank of America's commitment to sports, visit the Sports with Us page.Soccer ForwardThe Soccer Forward Foundation is a key driver in U.S. Soccer's overall vision that soccer is a force for good. Operating with the belief that soccer contributes to healthier and more connected, equitable communities, Soccer Forward supports U.S. Soccer's efforts to expand access to the sport, helping the game reach more people and create lasting change. Soccer Forward focuses on enabling and equipping people, places and programs to grow the game in communities across America and on delivering cutting-edge research, training, and guidelines to prove soccer's contribution to health outcomes in communities. In addition, it will develop standards and provide business and technical support to build the ecosystem for the women's game across the U.S. and globally. For more information, visit ussoccer.com/soccer-forward.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contactAndy Aldridge, Bank of America
Phone: 1.980.387.0514
andrew.aldridge@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/us-soccer-soccer-forward-foundation-and-bank-of-america-launch-soccer-at-schools-to-bring-soccer-to-schools-across-the-us-by-2030-302722084.htmlSOURCE Bank of America Corporation

Original: U.S. Soccer, Soccer Forward Foundation and Bank of America Launch 'Soccer at Schools' to Bring Soccer to Schools Across the U.S. by 2030

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BottomBounce 3月前

Sentiment Surveys Are Extremely Bearish
When sentiment becomes too negative, markets often reverse upward.

Examples:

AAII sentiment surveys showing bearish majority

Fund manager surveys showing reduced equity exposure

Retail sentiment collapsing

Extreme pessimism is a contrarian bullish indicator. $bac

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US Market News 3月前

Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting DatesMarch 19, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., March 19, 2026 /PRNewswire/ -- Bank of America today announced the following reporting dates for quarterly financial results:

Fourth quarter 2026 – Friday, January 15, 2027First quarter 2027 – Wednesday, April 14, 2027Second quarter 2027 – Wednesday, July 14, 2027Third quarter 2027 – Wednesday, October 13, 2027Fourth quarter 2027 – Friday, January 14, 2028The results are scheduled to be announced each quarter by press release at approximately 6:45 a.m. ET. Investor conference calls will begin at 8:30 a.m. ET, except for the fourth quarter of 2027, which will begin at 11:00 a.m. ET. Details on how to participate will be provided closer to each scheduled date.Press releases, live webcasts and replays of the conference calls, transcripts, and related presentation materials will be made available on Bank of America's Investor Relations website https://investor.bankofamerica.com. Forms 8-K containing Bank of America's financial results will also be made available on the U.S. Securities and Exchange Commission's website at https://www.sec.gov.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.Investors may contact Lee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.comJonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.comReporters may contactJocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-announces-fourth-quarter-2026-and-quarterly-2027-financial-reporting-dates-302718757.htmlSOURCE Bank of America Corporation

Original: Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates

💰 How Bank of America Gets to $309 per Ounce
Bank of America’s metals strategist Michael Widmer uses a ratio-based model tied to gold.

Here’s the logic:

Step 1 — Assume Gold Near $5,000
This is the gold price BofA uses in its long-term model.

Step 2 — Apply Historical Gold-to-Silver Ratios
Two key historical ratios matter:

• 32:1 ratio
This was the low in 2011.
At that ratio, with gold at $5,000:
Silver = about $135

• 14:1 ratio
This was the extreme low in 1980 during the Hunt Brothers squeeze.
At that ratio, with gold at $5,000:
Silver = about $309

Step 3 — Silver Has Already Shown It Can Move Fast
Silver hitting above $120 recently shows the market can accelerate quickly toward those targets.

Step 4 — Volatility + Supply Tightness = Explosive Moves
Silver’s combination of:

tight supply

high investment demand

extreme volatility

…creates the conditions where a move toward $300 is mathematically possible. $BAC

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US Market News 4月前

Bank of America Declares Preferred Stock Dividends Payable in April and May 2026March 12, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., March 12, 2026 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

Series of Preferred Stock
Dividend per Share
or Depositary Share1
Record Date
Payment Date7.25% Non-Cumulative
Perpetual Convertible
Preferred Stock, Series L
$18.1250000
April 1
April 305.875% Non-Cumulative
Preferred Stock, Series HH
$0.3671875
April 1
April 244.375% Non-Cumulative
Preferred Stock, Series NN
$0.2734375
April 15
May 46.625% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series OO
$16.5625000
April 15
May 14.125% Non-Cumulative
Preferred Stock, Series PP
$0.2578125
April 15
May 44.375% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series RR
$10.9375000
April 1
April 276.125% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series TT
$15.3125000
April 1
April 276.250% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series UU
$15.6250000
April 1
April 27
1 Each series of preferred stock, other than Series L, is represented by depositary shares.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Investors may contactLee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.comJonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.comReporters may contactJocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-preferred-stock-dividends-payable-in-april-and-may-2026-302712078.htmlSOURCE Bank of America Corporation

Original: Bank of America Declares Preferred Stock Dividends Payable in April and May 2026

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US Market News 4月前

Zelle® and Bank of America Partner to Accelerate Delivery of Charitable Donations to NonprofitsMarch 12, 2026 9:00 AM
PR Newswire (US)

Zelle launches innovation agenda to work with financial institutions to expand the way the popular person-to-person payment tool can be usedNEW YORK and CHARLOTTE, N.C., March 12, 2026 /PRNewswire/ -- Today, Zelle® and Bank of America announce a first-of-its-kind application of Zelle to enable charitable disbursements from Donor Advised Funds (DAFs). The new capability allows nonprofits to receive charitable grant funding in near real time, replacing the traditional multi-week, paper-based process with fast and reliable digital payments using the Zelle network.

This new capability is part of Zelle® Forward, the network's innovation agenda. Zelle is working with financial institutions to explore ways to expand into new, practical use cases. Americans now send more than $1.2 trillion annually using Zelle and increasingly rely on it for everyday needs like rent and childcare.The new DAF proof of concept is being introduced through Bank of America's Charitable Gift Fund, the bank's donor advised fund, allowing donors to send charitable grants to a select group of nonprofit organizations via Zelle.1 The speed and security of this delivery could help transform how charitable dollars flow from routine, planned donations to urgent situations like natural disasters and community-level crises, helping nonprofits access resources more quickly when they are needed most.While the initial proof of concept is with Bank of America's Charitable Gift Fund, the goal is to support broader use by financial institutions that offer Zelle and have donor advised fund programs."Zelle is a staple of the American economy and Americans are ready for it to do more," said Denise Leonhard, general manager of Zelle. "Through Zelle® Forward, we are advancing practical new applications of the Zelle network, and this charitable grant delivery capability represents the first of many ways Zelle will continue to innovate and grow. By bringing the speed and reliability of Zelle to charitable grant delivery, we are helping funds reach nonprofits faster so organizations can stay focused on their missions."Bank of America's Charitable Gift Fund provides clients with an organized, flexible, and tax-efficient way to support the causes they care about. Donors can contribute a variety of assets, invest for potential long-term impact, and involve family members. In 2025 alone, the Charitable Gift Fund distributed more than 100,000 grants, totaling over $1.3 billion to nonprofits."For nonprofits, deploying their resources quickly and effectively matters – whether responding to community needs or scaling vital services," said Donald Greene, Donor-advised Fund Executive, Bank of America Private Bank. "By partnering with Zelle to develop this innovation, we're giving both donors and nonprofits a more modern and responsive way to take in and make use of charitable contributions. This advancement strengthens our clients' ability to support the causes they care about and accelerates the impact of nonprofits."Throughout 2026, Zelle will continue to explore additional innovations to help bring new capabilities to Zelle and deliver additional value across the American economy. Each program considers the evolving roadmap of the Zelle platform — ensuring innovation remains continuous, responsible, and aligned with real-world consumer needs.Zelle®
Zelle® powers fast, reliable person-to-person digital payments, moving more than $1 trillion between millions of consumer and small business accounts at United States banks and credit unions. Available through a network of more than 2,300 financial institutions, Zelle® enables people to send and receive money directly – without cash, checks or third-party apps. Zelle® is owned and operated by Early Warning Services, LLC, which works with America's banks, credit unions and government agencies to drive prosperity, deliver bold innovation and improve how payments are made. Learn more at www.zelle.com.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Reporters may contactEric Blankenbaker, Zelle
Phone: 929.745.0923
Eric.Blankenbaker@earlywarning.comJulia Ehrenfeld, Bank of America
Phone: 646.855.3267
Julia.Ehrenfeld@bofa.comFootnotes1 This is a limited pilot offered with participating institutions and is not currently available across the Zelle Network. Any future expansion would be informed by insights from this initial phase and is subject to platform readiness and network requirements.Important Disclosures
Donor-advised fund management is provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp."). Trust, fiduciary, and investment management services are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A. and its agents. Brokerage services may be performed by wholly owned brokerage affiliates of BofA Corp., including Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill"). Merrill is a registered broker-dealer, a registered investment adviser and Member SIPC.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zelle-and-bank-of-america-partner-to-accelerate-delivery-of-charitable-donations-to-nonprofits-302711942.htmlSOURCE Bank of America Corporation

Original: Zelle® and Bank of America Partner to Accelerate Delivery of Charitable Donations to Nonprofits

Bank of America Announces Redemption of $2,800,000,000 1.658% Fixed/Floating Rate Senior Notes, Due March 2027March 3, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., March 3, 2026 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on March 11, 2026 all $2,800,000,000 principal amount outstanding of its 1.658% Fixed/Floating Rate Senior Notes, due March 2027 (CUSIP No. 06051GJQ3) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of March 11, 2026. Interest on the Notes will cease to accrue on the redemption date.

Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. is the trustee and paying agent for the Notes.Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions, and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.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.Forward-looking statementsCertain information contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed under Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, and in any of our subsequent Securities and Exchange Commission filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.Investors may contactLee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.comJonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.comReporters may contactJocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-announces-redemption-of-2-800-000-000-1-658-fixedfloating-rate-senior-notes-due-march-2027--302702214.htmlSOURCE Bank of America Corporation

Original: Bank of America Announces Redemption of $2,800,000,000 1.658% Fixed/Floating Rate Senior Notes, Due March 2027

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