CHARLOTTE, N.C., Nov. 26, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on December 6, 2024, all $2,000,000,000 principal amount outstanding of its 1.530% Fixed/Floating Rate Senior Notes, due December 2025 (CUSIP No. 06051GKE8) (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 December 6, 2024.  Interest on the Notes will cease to accrue on the redemption date.

Private Bank market executive for Michigan and Minnesota, will also oversee the bank's efforts to grow market share

DETROIT, Nov. 20, 2024 /PRNewswire/ -- Bank of America has named Ed Siaje president of Bank of America Detroit. As president and head of the market, he will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank's eight lines of business. He succeeds Matt Elliott, who recently retired from the company.

Nachrichten und Ausblick:

Im Oktober 2024 hat Artprice by Artmarket mit der Intuitive Artmarket® AI und ihrem positiven Einfluss auf das jährliche wiederkehrende Umsatzwachstum einen neuen Meilenstein erreicht.

PARIS, 15. November 2024 /PRNewswire/ -- Mitte Oktober 2024 hat Artprice by Artmarket damit begonnen, seinen High-End-Abonnenten Daten zur Verfügung zu stellen, die von seiner eigenen künstlichen Intelligenz (Intuitive Artmarket®) trainiert wurden.

Anstatt seinen 9,3 Millionen Kunden und Mitgliedern eine radikale Umgestaltung seiner Datenbanken, die seit 27 Jahren die Referenz in der Kunstwelt sind, aufzuerlegen, hat Artprice by Artmarket mit Bedacht beschlossen, schrittweise proprietäre Daten aus seiner KI in seine Artprice-Datenbanken zu integrieren, ohne dass dies anfangs angegeben wurde.

Boston Marathon presented by Bank of America Economic Impact Report Released

BOSTON, Nov. 14, 2024 /PRNewswire/ -- The Boston Athletic Association (B.A.A.) and Meet Boston today released an independent economic impact report (PDF) conducted by the Economic and Public Policy Research group at the University of Massachusetts Donahue Institute, commissioned to look at the direct impact of one of the oldest and most historic marathons in the world, the Boston Marathon presented by Bank of America.

News and outlook:

In October 2024, Artprice by Artmarket has reached a new milestone with its Intuitive Artmarket® AI and its positive impact on annual recurring revenue growth.

PARIS, Nov. 14, 2024 /PRNewswire/ -- In mid-October 2024, Artprice by Artmarket began providing data trained by its proprietary artificial intelligence (Intuitive Artmarket®) to its high-end subscribers.

Rather than imposing on its 9.3 million customers and members a radical transformation of its databases, which have been the reference in the art world for 27 years, Artprice by Artmarket has judiciously decided to gradually inject proprietary data from its AI into its Artprice databases, without it being specified initially.

News and outlook:

In October 2024, Artprice by Artmarket has reached a new milestone with its Intuitive Artmarket® AI and its positive impact on annual recurring revenue growth.

PARIS, Nov. 14, 2024 /CNW/ -- In mid-October 2024, Artprice by Artmarket began providing data trained by its proprietary artificial intelligence (Intuitive Artmarket®) to its high-end subscribers.

Rather than imposing on its 9.3 million customers and members a radical transformation of its databases, which have been the reference in the art world for 27 years, Artprice by Artmarket has judiciously decided to gradually inject proprietary data from its AI into its Artprice databases, without it being specified initially.

News and outlook:

In October 2024, Artprice by Artmarket has reached a new milestone with its Intuitive Artmarket® AI and its positive impact on annual recurring revenue growth.

PARIS, Nov. 14, 2024 /PRNewswire/ -- In mid-October 2024, Artprice by Artmarket began providing data trained by its proprietary artificial intelligence (Intuitive Artmarket®) to its high-end subscribers.

Rather than imposing on its 9.3 million customers and members a radical transformation of its databases, which have been the reference in the art world for 27 years, Artprice by Artmarket has judiciously decided to gradually inject proprietary data from its AI into its Artprice databases, without it being specified initially.

A recalibrating auction market, an increasingly global ecosystem and evolving wealth management strategies present opportunities and challenges

NEW YORK, Nov. 12, 2024 /PRNewswire/ -- Newly released Bank of America art market update finds that lower auction estimates, discounts at galleries and the recent interest rate cuts are driving increased participation among collectors heading into marquee events, including the New York fall auctions and Art Basel Miami. The anticipated favorable buying conditions come on the heels of lower-than-expected art sales in the secondary market during the first half of the year – with auction prices coming in only 1% above their aggregated mid-estimates, the smallest increase in seven-plus years.1

SPOKANE, Wash. and BOISE, Idaho, Oct. 24, 2024 /PRNewswire/ -- Bank of America has named Lauren Murray president of Bank of America Spokane/Boise. As president and head of the market, Murray will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank's eight lines of business. She succeeds Kurt Walsdorf, who recently retired after 40 years of service to the company.

Company's patent portfolio includes nearly 1,100 AI and machine learning patents

CHARLOTTE, N.C. and LONDON and HONG KONG, Oct. 23, 2024 /PRNewswire/ -- Bank of America is dedicated to the use of innovative technology to best meet the needs of its clients and employees. This commitment to innovation has led to a 94% increase in artificial intelligence (AI) and machine learning (ML) granted patents and pending patent applications since 2022. Today, the company has nearly 1,100 AI and ML patents and pending applications in its portfolio, with more than half having already been granted. 

Growth Surge Driven by CashPro® API Network and CashPro Developer Studio

NEW YORK and SINGAPORE and LONDON, Oct. 22, 2024 /PRNewswire/ -- The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs). Over the last 12 months, Bank of America has seen a 51% increase1 in clients using APIs, with growth driven by innovations that have simplified onboarding and accelerated speed to transact.

Consumer and Small Business Cardholders Automatically Earn Extra Cash Back, Miles or Points as They Prep for the Holiday Season

CHARLOTTE, N.C., Oct. 22, 2024 /PRNewswire/ -- Bank of America announced the return of its highly anticipated More Rewards Day, taking place on Thursday, November 7, 2024. Now in its third year, this annual event offers a unique opportunity for Consumer and Small Business credit cardholders to earn extra rewards on their purchases, just in time for the holiday season. Last year, participants earned more than $26 million in additional rewards during More Rewards Day.

Extension Follows Growth In Cross-Border PaymentsCompany Named World's Best Bank for FX Payments

NEW YORK and SINGAPORE and LONDON, Oct. 20, 2024 /PRNewswire/ -- Bank of America is simplifying the management of foreign exchange (FX) risk associated with cross-currency payments and receipts with the introduction of Guaranteed FX Rates of up to 1-year1, the longest tenor available in the industry today.  Using this strategic solution can help companies mitigate exposure to currency fluctuations and simplify treasury management processes such as forecasting and reconciliation.

CHARLOTTE, N.C., Oct. 18, 2024 /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 Date

Floating Rate Non-Cumulative Preferred Stock, Series E

$0.36606

October 31

November 15

Floating Rate Non-Cumulative Preferred Stock, Series F

$1,417.64097

November 29

December 16

Adjustable Rate Non-CumulativePreferred Stock, Series G

$1,417.64097

November 29

December 16

Floating Rate Non-CumulativePreferred Stock, Series 1

$0.38077

November 15

November 29

Floating Rate Non-Cumulative Preferred Stock, Series 2

$0.38284

November 15

November 29

Floating Rate Non-Cumulative Preferred Stock, Series 4

$0.38923

November 15

November 29

Floating Rate Non-Cumulative Preferred Stock, Series 5

$0.37616

November 1

November 21

6.000% Non-CumulativePreferred Stock, Series GG

$0.3750000

November 1

November 18

5.375% Non-Cumulative Preferred Stock, Series KK

$0.3359375

December 1

December 26

5.000% Non-Cumulative Preferred Stock, Series LL

$0.3125000

December 1

December 17

4.250% Non-CumulativePreferred Stock, Series QQ

$0.2656250

November 1

November 18

4.750% Non-Cumulative Preferred Stock, Series SS

$0.2968750

November 1

November 18

CHARLOTTE, N.C., Oct. 15, 2024 /PRNewswire/ -- Bank of America reported its third quarter 2024 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.

Investor Conference Call information

Chief Executive Officer Brian Moynihan and Chief Financial Officer 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.

CHARLOTTE, N.C., Oct. 15, 2024 /PRNewswire/ -- Bank of America reported its third quarter 2024 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.

Investor Conference Call information

Chief Executive Officer Brian Moynihan and Chief Financial Officer 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.

CHARLOTTE, N.C., Oct. 15, 2024 /CNW/ -- Bank of America reported its third quarter 2024 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.

Investor Conference Call information

Chief Executive Officer Brian Moynihan and Chief Financial Officer 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.

CHARLOTTE, N.C., Oct. 15, 2024 /PRNewswire/ -- Bank of America reported its third quarter 2024 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.

Investor Conference Call information

Chief Executive Officer Brian Moynihan and Chief Financial Officer 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.

Majority of women and minority business owners surveyed plan to expand their businesses over the next 12 months

CHARLOTTE, N.C., Oct. 9, 2024 /PRNewswire/ -- Nearly four out of five (78%) small and mid-sized business owners anticipate revenue growth in the next 12 months. This level of confidence spans most business owners, with 76% of women, 82% of Hispanic-Latino, 84% of Black/African American and 83% of Asian American and Pacific Islander (AAPI) entrepreneurs anticipating revenue growth in the year ahead.

More than nine in 10 high-net-worth Americans engage in philanthropy

NEW YORK, Oct. 9, 2024 /PRNewswire/ -- The vast majority (91%) of affluent Americans donate to charity, but giving motivations, priorities and strategies vary by generation and gender, according to new data from Bank of America Private Bank.

Direct giving with a financial contribution is the most common form of philanthropic involvement. However, younger donors (ages 21-43) prioritize direct action, such as volunteering, fundraising, mentorship and sitting on boards.