Track market-moving stories before they get noisy

A typical dividend raise from a blue chip stock usually isn’t very major, with most coming in the low single-digit range. That sure wasn’t the case with Bank of America (BAC +1.26%) on Friday, as the big lender cranked its quarterly payout 14% higher.

That’s actually more or less in line with the dividend raises of other major banks. But what sets this one apart is that the generous bump is paired with another shareholder-pleasing program that’s unusually robust.

Image source: Getty Images.

Double-digit differenceBefore we look at that, let’s shine a light on the dividend raise, as it’s substantial and therefore worthy of a few words.

With that 14% increase, Bank of America’s next quarterly distribution will be $0.32 per share. This is scheduled to be paid on Sept. 25 to investors of record as of Sept. 4. It would yield almost 2.1% on the company's most recent closing stock price.

In the words of company CEO Brian Moynihan, that double-digit enhancement “reflects the strength of our earnings, the power of our franchise and our confidence in Bank of America’s ability to drive long-term growth and create value for shareholders.”

Moynihan is paid well to make such pronouncements, but in this instance, it’s justified. Recent developments with the company have been largely positive, such as its passing of the Federal Reserve’s (Fed) annual bank stress tests (with flying colors, no less). Mere weeks after the test results were released in late June, Bank of America published its second-quarter earnings. These showed robust year-over-year increases in fundamentals like revenue and profitability, and upticks in core items such as deposits and loans/leases.

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40 billion reasons to like this lenderSo there are increasingly more greenbacks for Bank of America to devote to shareholder remuneration. These funds also back up the company’s share repurchase program, and that’s a doozy these days.

In its dividend raise announcement, the company made sure to mention that it has plenty left in the tank with the initiative.

It was approved last August by the bank’s board of directors, which authorized $40 billion for such purchases. The company hasn’t been shy to dip into this; in the first half of this year alone, it spent $13.2 billion on buybacks, which makes the half-year total dividend outlay of $4 billion — more than many companies spend on shareholder payouts in their lifetimes — look small by comparison.

Those purchases, combined with the 2025 buys, have left roughly $17 billion under authorization in the program. Companies typically buy back their own stock as a means of supporting its price, and/or lifting future earnings per share (EPS) amounts to desired levels — repurchased shares are either retired or banked as treasury shares; either way, they are removed from the public float.

An impressive backupSince reporting those second-quarter figures, Bank of America stock has — justifiably, in my opinion — outpaced the benchmark S&P 500 index. So, at the moment, it doesn’t necessarily need the support that a well-funded share buyback initiative can offer. Still, it’s comforting that there are billions of dollars ready to be deployed in case such assistance is needed. That helps boost investor sentiment on the stock.

Generally, I don’t think it’s wise to transact in any company’s shares primarily on the strength or weakness of its equity repurchase program. Yet Bank of America’s is immense enough to make a difference. Combined with that meaty dividend raise, the direction in which its fundamentals are going, and the decent health of our economy despite some potential headwinds, the company’s stock looks like a very strong buy candidate now.

, /PRNewswire/ -- Bank of America Corporation today announced that the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.32 per share, up $0.04 from the prior quarter, an increase of 14%. The dividend is payable on September 25, 2026 to shareholders of record as of September 4, 2026.

"The increase in our dividend reflects the strength of our earnings, the power of our franchise and our confidence in Bank of America's ability to drive long-term growth and create value for shareholders," said Bank of America Chair and CEO Brian Moynihan. "Today's announcement also reflects our continued commitment to return excess capital to shareholders while supporting economic growth, investing in clients and communities, and maintaining strength and stability through the economic cycle."

The company also continues to repurchase common stock under a $40 billion authorization from the Board of Directors, which has been in effect since August 1, 2025. In the first half of 2026, the company repurchased $13.2 billion of common stock and paid $4 billion in dividends. As of June 30, 2026, the current share repurchase program had approximately $17 billion in common stock repurchases remaining.

Bank of America's ability to make capital distributions depends, in part, on its ability to maintain regulatory capital levels above minimum capital requirements. The timing and amount of common stock repurchases made pursuant to the Bank of America common stock repurchase program are subject to various factors, including the company's capital position, liquidity, financial performance and alternative uses of capital, stock trading price, regulatory requirements and general market conditions, and may be suspended or discontinued at any time. Such repurchases may be effected through open market purchases or privately negotiated transactions, including repurchase plans that satisfy the conditions of Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

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 October 23, 2026 to shareholders of record as of October 9, 2026.

Forward-looking statements

Certain statements contained in this news release may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often use words like "expects," "anticipates," "believes," "estimates," "targets," "intends," "plans," "predicts," "goal" and other similar expressions or future or conditional verbs such as "will," "may," "might," "should," "would" and "could." Forward-looking statements speak only as of the date they are made, and Bank of America undertakes 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.

Forward-looking statements represent Bank of America's current expectations, plans or forecasts of its future results, revenues, expenses, dividends, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. These statements are not guarantees of its future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. You should not place undue reliance on any forward-looking statement and should consider all of the precautionary statements, uncertainties and risks discussed in Bank of America's filings with the Securities and Exchange Commission (SEC), including in Bank of America's Current Report on Form 8-K dated July 23, 2025, announcing Bank of America's common stock repurchase program, under Item 1A. "Risk Factors" of Bank of America's Annual Report on Form 10-K for the year ended December 31, 2025, and in any of Bank of America's other subsequent SEC filings.

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 more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 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 and/or jurisdictions. 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
[email protected]

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
[email protected]

Reporters may contact

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
[email protected]

SOURCE Bank of America Corporation

Posted by Defense World Staff on Jul 22nd, 2026

Baader Bank Aktiengesellschaft bought a new stake in Bank of America Corporation (NYSE:BAC – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,836 shares of the financial services provider’s stock, valued at approximately $570,000.

Several other hedge funds have also made changes to their positions in BAC. Abound Financial LLC purchased a new position in shares of Bank of America in the 4th quarter valued at approximately $26,000. Wiser Advisor Group LLC purchased a new stake in shares of Bank of America during the third quarter worth approximately $27,000. Legacy Bridge LLC lifted its holdings in shares of Bank of America by 182.3% during the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 330 shares during the period. CrossGen Wealth LLC acquired a new stake in shares of Bank of America during the fourth quarter worth $30,000. Finally, Joseph Group Capital Management purchased a new position in Bank of America in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Insiders Place Their Bets In related news, insider Geoffrey S. Greener sold 126,756 shares of Bank of America stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the transaction, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades A number of equities research analysts have weighed in on BAC shares. The Goldman Sachs Group lifted their price objective on Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target on shares of Bank of America in a report on Tuesday, July 14th. Barclays lifted their price target on Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Piper Sandler upped their price objective on Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Finally, HSBC raised their target price on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.77.

Get Our Latest Stock Report on Bank of America

Bank of America Trading Up 1.2% Shares of BAC stock opened at $61.12 on Wednesday. The company has a market capitalization of $433.71 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 0.97 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $55.71 and a 200 day moving average price of $53.21. Bank of America Corporation has a twelve month low of $44.75 and a twelve month high of $62.12.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $30.78 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The business’s revenue was up 19.6% on a year-over-year basis. Research analysts forecast that Bank of America Corporation will post 4.66 earnings per share for the current fiscal year.

Bank of America Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Bank of America’s payout ratio is 25.69%.

Key Bank of America News Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Bank of America’s new BofA Rewards program crossed 3 million enrollments in just seven weeks, with most sign-ups happening digitally. That rapid adoption suggests the bank is successfully deepening customer relationships and could support future deposit growth and cross-selling. 3 Million+ Clients Enroll in New BofA Rewards™ Program in First Seven Weeks Positive Sentiment: Bank of America also enhanced its EricaAssist tool with generative AI, giving more than 18,000 employees faster real-time guidance to resolve client needs. Investors may view this as an efficiency and service-quality improvement that can help lower costs over time. BofA enhances AI-powered tool to resolve client needs faster Positive Sentiment: Oppenheimer reportedly added Bank of America to its latest buy ideas list with a near-perfect quant rating, reinforcing the bullish case for BAC among analysts. Bank of America leads Oppenheimer’s latest buy additions with near-perfect quant rating Positive Sentiment: The bank promoted Thorsten Pauli to lead Asia Pacific capital markets, a move that underscores continued focus on investment banking and global markets opportunities. Bank of America (BAC) Names Thorsten Pauli To Lead Asia Pacific Capital Markets Positive Sentiment: Bank of America’s small business digital banking platform again ranked first in a Keynova Group scorecard, which may bolster the view that BAC is gaining share through better digital products. Small Business Digital Banking Advances with Payment Innovations and Upgraded Invoicing and Receivables Capabilities Neutral Sentiment: Several stories highlighted Bank of America research on other companies, including Micron, Meta, Apple, CoreWeave, and Citizens Financial. These items mainly reflect BAC’s analyst franchise rather than a direct change in Bank of America’s fundamentals. Neutral Sentiment: The bank also released workplace wellbeing and broader economic commentary, which add color to the macro backdrop but are less likely to move BAC shares by themselves. BofA Report: Financial Wellbeing of Employees at U.S. Companies Hits Four-Year High, Even as Cost-of-Living Pressures Persist Bank of America Profile (Free Report)

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

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Expansion of no fee loyalty program offers rewards to 30 million more Bank of America clients

Key points

BofA Rewards program sees surge in new members since launching May 27, 2026. Members in the no fee[1] loyalty program are uniquely rewarded for their full relationship. Member benefits include credit card reward bonuses, cash back deals and discounts from more than 15,000 national and local merchants, enhanced fraud and identity monitoring features, subscription credits, curated lifestyle experiences, and more. , /PRNewswire/ -- Bank of America today announced that more than 3 million clients have enrolled in BofA Rewards™ since the program launched on May 27, 2026. The no fee loyalty program rewards and recognizes clients for their full relationship across their Bank of America banking and Merrill investing accounts and is available to any client with a personal checking account.

"The response to BofA Rewards has been tremendous. More than 3 million enrollments in seven weeks tells us the program is resonating with clients who enjoy being rewarded for their full relationship," said Mary Hines Droesch, Head of Consumer and Small Business Products & Analytics at Bank of America. "Whether it's cash back offers, enhanced rewards or exclusive benefits, BofA Rewards is designed to deliver value in ways that are meaningful, easy to use, and tailored to how people live their everyday financial lives."

BofA Rewards features expanded benefits designed to help clients get more from their relationship with Bank of America. Benefits include credit card reward bonuses; cash back deals and discounts from more than 15,000 national and local merchants; banking and lending benefits; and enhanced fraud and identity monitoring features. Members in higher tiers also have access to subscription credits and curated lifestyle experiences.

Since launch, new and existing clients have embraced the program and are increasingly engaging with its many benefits:

Approximately 17,000 new members joining the program each week are new Bank of America clients. Nearly 1 million clients have engaged with Deals, generating millions in cash back over the last seven weeks. Deals on retail (45% of client engagement), gasoline (20%), entertainment (18%) and food (10%) are driving the greatest amount of activity, with offers at places like CVS, Shell Gasoline, Little Caesars, and Macy's seeing some of the strongest traction. All Bank of America clients have access to Deals, with members of BofA Rewards receiving additional deals and discounts. Depending on a client's membership tier and engagement, members can receive an estimated $150 to $4,000 in annual value through the program's rewards, benefits and exclusive offers. Any client with an eligible Bank of America personal checking account can join with no minimum balance required to enroll. Nearly 14 million clients are now enrolled in BofA Rewards.

About 80% of new enrollments have been completed through Bank of America Online Banking or Mobile Banking app. The redesigned BofA Rewards digital experience makes it easier for members to discover, activate and maximize personalized rewards and benefits.

Frequently asked questions

Question: How is BofA Rewards different from Preferred Rewards?

Answer: BofA Rewards expands eligibility to millions more clients by allowing anyone with an eligible Bank of America personal checking account to enroll regardless of account balance. The program also introduces a redesigned digital experience and expanded benefits, including 15,000 cash back deals and discounts, enhanced fraud and identity monitoring features, subscription credits, curated lifestyle experiences for eligible members, and more.

Question: Is there a minimum balance required to enroll in BofA Rewards?

Answer: No. Any client with an eligible Bank of America personal checking account can enroll in BofA Rewards at no cost, making rewards and benefits available to millions more clients.

Question: Does Bank of America plan to expand and add new benefits?

Answer: Yes. Bank of America will continue evaluating opportunities to add new offers, experiences and benefits to help members get more value from their relationship with the company.

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 60 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 and/or jurisdictions. 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

Carolyn Batt, Bank of America
Phone: 1.646.983.1369
[email protected]

MAP #9026295

Footnotes

[1] To participate, you just need an eligible Bank of America checking account. Checking accounts may have a monthly maintenance fee if waiver requirements are not met.

SOURCE Bank of America Corporation

Key points

Financial wellbeing of employees at U.S. companies rebounds to a four-year high, with 55% reporting they feel good or excellent. While overall debt-related stress dropped year-over-year, economic anxiety remains a top financial stressor. Retirement confidence climbs, with 73% of employees feeling on track, a 6-point gain from 2025. , /PRNewswire/ -- Bank of America today released its 2026 Workplace Benefits Report (PDF) in partnership with Bank of America Institute, revealing American workers are taking proactive steps to improve their financial wellbeing and save with greater confidence. While economic challenges remain, the report finds that workers at U.S. companies are increasingly turning to their employers to help them build long-term financial stability.

Employees Report Positive Financial Well-Being

Employee Stressors

The report finds that overall employee financial wellbeing reached a four-year high of 55%, an 11-point increase from 2023. This sense of wellbeing is also reflected when employees consider the future: two-thirds (66%) expressed career optimism over the next three years. However, even amid this optimism, employees say the economy (76%) and inflation (62%) cause them stress, and three-quarters (75%) cite cost of living as a challenge to their financial security.

The report also reveals a disconnect: while 71% of employers rate their workforce's financial wellbeing as good or excellent, only 55% of employees agree, indicating employers are underestimating the day-to-day financial struggles of their workforce.

"We're seeing real progress for American workers as overall financial wellness steadily rebounds to a four-year high," said Stacy Bucchere, Managing Director of Workplace Benefits Client Management at Bank of America. "However, employees are still navigating complex financial circumstances that require proactive support from employers to help build long-term stability."

Retirement confidence climbs, younger workers start saving earlier

"Saving for retirement remains a top priority for American workers, and more are feeling on track toward their retirement savings goals," said Kai Walker, Managing Director of Workplace Benefits Research. "Perhaps most encouraging is that the youngest generation in the workforce is starting to save for retirement a full decade earlier than their older peers." 

The report's findings show that:

70% of employees cite retirement savings as a top financial goal. 73% of employees feel confident that their savings are on track for retirement, a 6-point gain from 2025. Gen Z employees are beginning to save at an average age of 24, compared to Boomers who started at an average age of 34. The report also uncovered an underutilized savings opportunity for many employees. While more than 6 in 10 employers currently offer a healthcare plan with access to a Health Savings Account (HSA) – and more than 80% of employees with access to an HSA actively contribute – nearly half of participants are making regular withdrawals rather than investing or saving the funds for the future.

Employees make progress on immediate financial goals

Though saving for retirement remains a top priority for American workers, employees are also working toward short-term financial goals, including building emergency savings, which is a top priority for 44% of workers. Nearly 60% of employees say they have hit their emergency savings goal in 2026 – a 10-point increase when compared to 2025.

Employees have also made progress on paying down debt. Stress around debt has decreased 6 points since 2025, and the percentage of employees who say they have credit card debt is now 45%, down 11 points since last year. Even with these gains, employees are looking at employers to support them with debt management: the report indicates almost 1 in 3 employees say that having a financial advisor to help them create a personalized debt management plan would be valuable.

Workplace benefits are a decisive differentiator

As the labor market remains highly competitive in 2026, employee retention is a top business priority. The report indicates that more than 1 in 3 employees have left or considered leaving their job in the past year.

Comprehensive benefits packages are proving to be a competitive advantage:

39% of employees report that they remain loyal to their current employer specifically because of a competitive benefits package. 48% of employers who have successfully attracted top talent in the past year credit their workplace benefits as a leading factor. 9 out of 10 employers who offer financial wellness programs report reaping measurable returns, including higher employee satisfaction, improved productivity, deeper engagement and enhanced retention. "These findings demonstrate the mutual value of financial wellness programs to both employees and employers," said John Quinn, Managing Director of Workplace Benefits Product & Platform Management at Bank of America. "In today's labor market, workplace benefits are no longer just a recruitment checklist item; they're a key to stronger workforces. This is especially true for small businesses that report having a harder time engaging top talent. A strong benefits offering can help even the playing field."

The report found that many employers are not yet leveraging emerging technology like AI to assess and enhance benefits offerings. While 87% of employers report using AI, only 52% use it for benefits administration, and just 35% use it to track benefits usage and engagement.

Frequently asked questions

Question: Where can I find the full Workplace Benefits Report?
Answer: The full 2026 Workplace Benefits Report (PDF) can be found in the Bank of America Newsroom.

Question: What is Workplace Benefits at Bank of America?
Answer: Bank of America Workplace Benefits provides guidance and solutions that help businesses support their employees' short- and long-term goals. Our dedicated team of experts has years of experience and supports companies with plan selection, setup and ongoing maintenance, making the process seamless for plan sponsors.

Question: What Workplace Benefits solutions and services does Bank of America offer its clients?
Answer: Through retirement and benefit plans1, health benefit accounts2, employee banking solutions2, stock plan services1 and more, seamlessly integrated across its full set of financial capabilities, employees have a more holistic view of their financial lives, so they get the benefits most relevant to what they need today and aligned to their goals for tomorrow.

Workplace Benefits Report Methodology

Escalent surveyed a national sample of 941 employees who are working full-time and participate in 401(k) plans, and 806 employers who offer both a 401(k) plan and have sole or shared responsibility for decisions made in the plan. The survey was conducted between December 4, 2025, and January 26, 2026. To qualify, employees had to be current participants in a 401(k) plan, and employers had to offer a 401(k) plan option. Neither was required to work with Bank of America, which was not identified as the sponsor of the study.

Bank of America Institute

Bank of America Institute is dedicated to uncovering powerful insights that move business and society forward. Established in 2022, the Institute is a think tank that draws on data and analyses from across the bank and the world to provide timely and original perspectives on the economy, sustainability, and global transformation. The Institute leverages the depth and breadth of the bank's proprietary data, from nearly 70 million consumer and small business clients, four point five two trillion dollars$4.52T in total payments in 2025 and one point two trillion dollars$1.2T in consumer and wealth management deposits. From this robust data set, the Institute provides a unique perspective on the health of the economy. It also elevates thought leadership from throughout the bank that addresses long-term trends and shares these findings with the general public.

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 60 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 and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Workplace Benefits is the institutional retirement and benefits business of Bank of America Corporation ("BofA Corp.") operating under the name "Bank of America." Investment advisory and brokerage services are provided by wholly owned non-bank affiliates of BofA Corp., including Merrill Lynch Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill"), a dually registered broker-dealer and investment adviser and Member SIPC. Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC.

Visit BofA Fast Facts for more information about the company.

Reporters may contact

Anu Ahluwalia, Bank of America
Phone: 1.646.855.3375
[email protected]

MAP# 9016405

Important disclosures
Investment products

Are Not FDIC Insured  

Are Not Bank Guaranteed  

May Lose Value  

Footnotes
1 Investment products are available from Merrill Lynch, Pierce, Fenner & Smith Incorporated.
2 Bank products are available from Bank of America, N.A., and affiliated banks.

SOURCE Bank of America Corporation

Posted by Defense World Staff on Jul 21st, 2026

Andra AP fonden grew its position in Bank of America Corporation (NYSE:BAC – Free Report) by 151.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 815,018 shares of the financial services provider’s stock after buying an additional 490,801 shares during the quarter. Andra AP fonden’s holdings in Bank of America were worth $39,732,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BAC. Money Concepts Capital Corp boosted its position in Bank of America by 3.8% during the 4th quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 182 shares in the last quarter. Operose Advisors LLC lifted its stake in shares of Bank of America by 0.9% during the 4th quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock worth $1,123,000 after purchasing an additional 185 shares during the last quarter. Asahi Life Asset Management CO. LTD. boosted its position in Bank of America by 1.0% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 187 shares in the last quarter. GatePass Capital LLC grew its stake in Bank of America by 3.6% in the first quarter. GatePass Capital LLC now owns 5,451 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 190 shares during the last quarter. Finally, GeoWealth Management LLC raised its holdings in Bank of America by 0.3% in the fourth quarter. GeoWealth Management LLC now owns 61,597 shares of the financial services provider’s stock worth $3,388,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America News Roundup Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Bank of America’s analysts are still finding opportunities across financials and related sectors, with recent notes highlighting attractive valuations, net interest margin upside at regional banks, and other potential buying opportunities. That reinforces a constructive view on BAC and the broader bank group. Article: Citizens Financial Group: Buy Rating Backed by Attractive Valuation, Above-Peer Growth and Net Interest Margin Upside Positive Sentiment: Bank of America is also leaning into growth areas like AI and digital assets, promoting executives to lead its AI transformation and crypto efforts. Investors may see that as evidence the bank is investing for long-term efficiency and new revenue streams. Article: Bank of America Promotes Execs to Champion AI and Crypto Neutral Sentiment: Several headlines reflect broad market and macro themes, including inflation expectations, Fed policy debates, and bank earnings commentary. These are more relevant to sector sentiment than to a direct BAC-specific catalyst. Article: Bond Traders Take Warsh at Word, See Inflation Fight Continuing Neutral Sentiment: Bank of America’s own recent dividend declarations on preferred shares are routine capital-return updates and are unlikely to move the common stock meaningfully on their own. Article: Bank of America Corporation 5.375 DEP PFD KK declares $0.3359 dividend Negative Sentiment: Macro uncertainty around Fed policy and inflation could keep pressure on bank valuation multiples if rate-cut expectations fade or markets price in a more restrictive policy path. That is a risk for BAC even if its fundamentals remain solid. Article: Could Warsh Break a 56-Year Fed Rate-Hike Streak? Wall Street Analysts Forecast Growth A number of analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. The Goldman Sachs Group increased their target price on shares of Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research note on Friday, April 24th. Keefe, Bruyette & Woods lifted their price target on shares of Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Daiwa Securities Group increased their price objective on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.77.

Get Our Latest Research Report on BAC

Bank of America Trading Down 1.4% NYSE BAC opened at $60.41 on Tuesday. Bank of America Corporation has a 12-month low of $44.75 and a 12-month high of $62.12. The company has a fifty day simple moving average of $55.50 and a two-hundred day simple moving average of $53.17. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The stock has a market cap of $428.70 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.98 and a beta of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $30.78 billion. During the same period in the prior year, the firm earned $0.89 EPS. The firm’s revenue was up 19.6% on a year-over-year basis. On average, analysts forecast that Bank of America Corporation will post 4.64 earnings per share for the current year.

Bank of America Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a $0.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.9%. Bank of America’s dividend payout ratio is currently 25.69%.

Insider Buying and Selling In related news, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the transaction, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. This represents a 8.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

About Bank of America (Free Report)

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

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The 2026 FIFA World Cup has given a $20 billion boost to the US economy, according to Bank of America, sparking massive local booms in host cities and helping propel the strongest surge in consumer spending in more than four years.

BofA CEO Brian Moynihan said half of the tournament’s $40 billion in fresh economic activity has been funneled to the US, and that the footprint extends far beyond the turnstiles. The bank’s 70 million consumer customers, who spend more than $400 billion a month, are shelling out 5% to 6% more than a year ago.

“Even when we look into host cities like a Kansas City, we can see the growth rate in spending faster than other cities,” Moynihan said. “So it’s having this on-the-ground economic impact, and that spending is going into what we call bricks-and-mortar — going to bars and restaurants and things like that — not necessarily only the people in the stadium.”

BofA CEO Brian Moynihan spelled out in an interview with CBS how the World Cup had helped boost the US economy CBS Americans are spending at their fastest clip since early 2022. Total credit and debit card spending jumped 6.3% year over year in June, or 5.6% after stripping out gasoline, economists at the financial giant found.

Government data tells the same story. US retail and food services sales climbed 6.7% from a year earlier in June, the fifth straight monthly increase, with second-quarter sales up 6.4% from 2025, the Census Bureau reported.. Spending at bars and restaurants — the categories most exposed to World Cup crowds — ran 3.8% ahead of last year.

Bank of America’s data shows airline and leisure spending posted double-digit growth in June, while clothing rose 7% and general merchandise 5%. The BofA report does not include spending by foreign visitors, meaning the overall economic impact is undoubtedly far higher.

According to the New York/New Jersey Host Committee, fans spent $1.2 billion in June in alone, generating a total economic impact of $2.1 billion. In that same time, the host committee says $228 million in tax revenue was generated as well.

Spanish fans celebrated Sunday’s victory over Argentina in Times Square, but Bank of America’s report excludes spending by foreign visitors. REUTERS The tournament’s kick is visible in the geography of the receipts. Brick-and-mortar restaurant spending in host cities jumped two percentage points during the opening weeks, while non-host cities were essentially flat, the bank found — with lower-income consumers driving much of the boom.

Hotels cashed in through price, not just volume. Kansas City saw a roughly 90% jump in renevue per room, while San Francisco saw that figure surge by 55% according to data from CoStar Group.

“In Kansas City, that’s going to dominate your markets quickly,” noted Victor Matheson, a sports economics professor at the College of the Holy Cross. “You’re going to have likely bigger increases in hotel prices because you get capacity constrained a little quicker.”

Matheson said the financial boon for each city was also highly dependent on the luck of the tournament draw.

The Spanish and Argentine flags are displayed on the pitch ahead of the 2026 World Cup football tournament final match between Spain and Argentina at the New York/New Jersey Stadium in East Rutherford on July 19, 2026. AFP via Getty Images While Boston was “overrun with Scots drinking us out of our beer,” he pointed out that a group stage matchup like Austria versus Algeria in Kansas City likely relied much more heavily on local attendance, as those nations traditionally bring smaller traveling fan bases to North America.

The wallet-opening comes despite a broader hiring slowdown. Employers added just 57,000 jobs in June, well short of forecasts, and leisure and hospitality shed 61,000 positions on weak seasonal hiring, the Bureau of Labor Statistics reported.

That undercut predictions, including a Goldman Sachs estimate of a 40,000-job World Cup boost, that the tournament would supercharge payrolls.

Workers at the bottom who switched jobs pocketed raises of roughly 12%, according to Bank of America deposit data. Their card spending climbed 4.8% from a year earlier.

President Trump appeared alongside FIFA boss Gianni Infantino to present the winners’ medal to Spain after they defeated Argentina 1-0. AFP via Getty Images Officials are now scrambling to make the soccer party permanent. Boston, after absorbing its influx of international visitors without major hiccups, is already eyeing a bid for the 2031 Women’s World Cup, while President Trump has floated the idea of the US bidding for the tournament once more in the coming years.

The 2026 FIFA World Cup ran from June 11 to Sunday’s final that saw Spain defeat Argentina 1-0. The competition was jointly hosted by 16 cities across three countries: the United States, Mexico, and Canada.

Posted by Defense World Staff on Jul 20th, 2026

Dimensional Fund Advisors LP increased its stake in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,135,112 shares of the financial services provider’s stock after acquiring an additional 561,413 shares during the period. Dimensional Fund Advisors LP owned about 0.44% of Bank of America worth $1,517,599,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BAC. Brighton Jones LLC raised its stake in shares of Bank of America by 30.0% in the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after purchasing an additional 25,143 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Bank of America by 40.5% during the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after buying an additional 6,174 shares during the period. Jump Financial LLC boosted its position in shares of Bank of America by 38.4% during the second quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider’s stock worth $3,108,000 after buying an additional 18,227 shares during the period. Nebula Research & Development LLC bought a new position in shares of Bank of America during the second quarter worth about $1,396,000. Finally, Vivaldi Capital Management LP raised its position in Bank of America by 4.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider’s stock valued at $417,000 after buying an additional 355 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth Several equities research analysts have commented on the company. Jefferies Financial Group restated a “buy” rating and issued a $75.00 target price on shares of Bank of America in a research note on Tuesday, July 14th. Robert W. Baird boosted their price objective on shares of Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday. Oppenheimer cut shares of Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Piper Sandler raised their target price on shares of Bank of America from $53.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average target price of $63.77.

Check Out Our Latest Research Report on Bank of America

Key Bank of America News Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Bank of America declared regular cash dividends on multiple preferred stock series, reinforcing its continued capital return to shareholders. Bank of America Declares Preferred Stock Dividends Payable in August and September 2026 Positive Sentiment: Multiple firms lifted their outlooks on BAC, including higher earnings estimates for FY2026 and FY2027, suggesting improving expectations for profitability. Bank of America stock page Positive Sentiment: Bank of America’s recent Q2 results were broadly strong, with the company topping estimates and benefiting from robust trading and deal activity, which has helped support investor confidence in the stock. BofA rides market whiplash to trading records, deal activity shines Neutral Sentiment: Bank of America also announced internal AI leadership appointments to accelerate AI adoption in its global markets business, a strategic move that could improve efficiency over time but is not an immediate earnings driver. BofA names senior executives to drive AI adoption in global markets-memo Insiders Place Their Bets In related news, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total value of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. This represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Bank of America Trading Down 0.2% Bank of America stock opened at $61.18 on Monday. Bank of America Corporation has a 52 week low of $44.75 and a 52 week high of $62.12. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market capitalization of $434.16 billion, a P/E ratio of 14.03, a PEG ratio of 0.98 and a beta of 1.17. The stock has a 50-day simple moving average of $55.30 and a 200 day simple moving average of $53.13.

Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $30.78 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The business’s revenue was up 19.6% compared to the same quarter last year. Analysts expect that Bank of America Corporation will post 4.64 earnings per share for the current year.

Bank of America Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. Bank of America’s payout ratio is presently 25.69%.

Bank of America Company Profile (Free Report)

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

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Posted by Defense World Staff on Jul 20th, 2026

Boston Common Asset Management LLC reduced its holdings in Bank of America Corporation (NYSE:BAC – Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 240,092 shares of the financial services provider’s stock after selling 11,299 shares during the period. Boston Common Asset Management LLC’s holdings in Bank of America were worth $11,704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of Bank of America by 30.0% in the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after buying an additional 25,143 shares during the last quarter. Sivia Capital Partners LLC raised its position in Bank of America by 40.5% during the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 6,174 shares in the last quarter. Jump Financial LLC raised its position in Bank of America by 38.4% during the second quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider’s stock valued at $3,108,000 after acquiring an additional 18,227 shares in the last quarter. Nebula Research & Development LLC acquired a new position in Bank of America in the second quarter valued at approximately $1,396,000. Finally, Vivaldi Capital Management LP boosted its position in Bank of America by 4.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 355 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth BAC has been the topic of a number of analyst reports. Daiwa Securities Group raised their price objective on shares of Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Citigroup raised their price target on shares of Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group lifted their price objective on shares of Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, April 16th. HSBC upped their price objective on shares of Bank of America from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Oppenheimer lowered shares of Bank of America from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Twenty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.77.

Get Our Latest Analysis on BAC

Insider Activity In other news, insider Geoffrey S. Greener sold 126,756 shares of Bank of America stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares in the company, valued at $72,803,774.97. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by company insiders.

More Bank of America News Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Bank of America declared regular cash dividends on multiple preferred stock series, reinforcing its continued capital return to shareholders. Bank of America Declares Preferred Stock Dividends Payable in August and September 2026 Positive Sentiment: Multiple firms lifted their outlooks on BAC, including higher earnings estimates for FY2026 and FY2027, suggesting improving expectations for profitability. Bank of America stock page Positive Sentiment: Bank of America’s recent Q2 results were broadly strong, with the company topping estimates and benefiting from robust trading and deal activity, which has helped support investor confidence in the stock. BofA rides market whiplash to trading records, deal activity shines Neutral Sentiment: Bank of America also announced internal AI leadership appointments to accelerate AI adoption in its global markets business, a strategic move that could improve efficiency over time but is not an immediate earnings driver. BofA names senior executives to drive AI adoption in global markets-memo Bank of America Trading Down 0.2% Shares of BAC stock opened at $61.18 on Monday. Bank of America Corporation has a 1-year low of $44.75 and a 1-year high of $62.12. The company has a market cap of $434.16 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.98 and a beta of 1.17. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a 50 day simple moving average of $55.30 and a 200-day simple moving average of $53.13.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. The firm had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. On average, equities research analysts expect that Bank of America Corporation will post 4.64 EPS for the current fiscal year.

Bank of America Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Bank of America’s dividend payout ratio (DPR) is presently 25.69%.

Bank of America Company Profile (Free Report)

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

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Posted by Defense World Staff on Jul 19th, 2026

Geneos Wealth Management Inc. decreased its position in shares of Bank of America Corporation (NYSE:BAC) by 30.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,508 shares of the financial services provider’s stock after selling 12,023 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Bank of America were worth $1,341,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Abound Financial LLC bought a new position in Bank of America in the 4th quarter worth approximately $26,000. Wiser Advisor Group LLC purchased a new position in shares of Bank of America in the third quarter worth $27,000. Legacy Bridge LLC grew its stake in Bank of America by 182.3% during the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 330 shares in the last quarter. CrossGen Wealth LLC bought a new stake in Bank of America in the 4th quarter valued at $30,000. Finally, Joseph Group Capital Management bought a new position in shares of Bank of America during the 4th quarter valued at about $32,000. Institutional investors own 70.71% of the company’s stock.

Bank of America Price Performance Shares of Bank of America stock opened at $61.18 on Friday. The stock has a market cap of $434.16 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.81 and a current ratio of 0.83. The stock has a 50 day moving average price of $55.30 and a 200-day moving average price of $53.15. Bank of America Corporation has a one year low of $44.75 and a one year high of $62.12.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.08. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.Bank of America’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. Equities analysts expect that Bank of America Corporation will post 4.64 EPS for the current year.

Bank of America Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. Bank of America’s dividend payout ratio is currently 25.69%.

Wall Street Analyst Weigh In A number of brokerages recently commented on BAC. Oppenheimer lowered Bank of America from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Barclays lifted their price objective on Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday. Evercore set a $63.00 target price on Bank of America and gave the company an “outperform” rating in a research report on Monday, July 6th. Morgan Stanley boosted their price target on shares of Bank of America from $61.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, Piper Sandler increased their price objective on shares of Bank of America from $53.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of America presently has an average rating of “Moderate Buy” and an average price target of $63.77.

Check Out Our Latest Report on BAC

Insider Buying and Selling at Bank of America In other news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the completion of the sale, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. This trade represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

More Bank of America News Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Bank of America declared regular cash dividends on multiple preferred stock series, reinforcing its continued capital return to shareholders. Bank of America Declares Preferred Stock Dividends Payable in August and September 2026 Positive Sentiment: Multiple firms lifted their outlooks on BAC, including higher earnings estimates for FY2026 and FY2027, suggesting improving expectations for profitability. Bank of America stock page Positive Sentiment: Bank of America’s recent Q2 results were broadly strong, with the company topping estimates and benefiting from robust trading and deal activity, which has helped support investor confidence in the stock. BofA rides market whiplash to trading records, deal activity shines Neutral Sentiment: Bank of America also announced internal AI leadership appointments to accelerate AI adoption in its global markets business, a strategic move that could improve efficiency over time but is not an immediate earnings driver. BofA names senior executives to drive AI adoption in global markets-memo Bank of America Profile (Free Report)

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

Read More Five stocks we like better than Bank of America Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding BAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of America Corporation (NYSE:BAC – Free Report).

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Posted by Defense World Staff on Jul 18th, 2026

Allspring Global Investments Holdings LLC lessened its position in Bank of America Corporation (NYSE:BAC – Free Report) by 25.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,419,819 shares of the financial services provider’s stock after selling 844,426 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Bank of America were worth $119,224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Bank of America in the fourth quarter worth about $4,774,210,000. Capital International Investors purchased a new stake in Bank of America in the 4th quarter worth approximately $2,357,461,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Bank of America by 640.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after buying an additional 40,235,201 shares during the period. Vanguard Group Inc. grew its position in shares of Bank of America by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after buying an additional 23,351,183 shares during the last quarter. Finally, Cardano Risk Management B.V. increased its stake in shares of Bank of America by 914.5% during the fourth quarter. Cardano Risk Management B.V. now owns 25,095,260 shares of the financial services provider’s stock valued at $1,380,239,000 after buying an additional 22,621,546 shares during the period. 70.71% of the stock is owned by institutional investors.

Bank of America Trading Down 0.5% Bank of America stock opened at $61.18 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.81. Bank of America Corporation has a one year low of $44.75 and a one year high of $62.12. The stock has a market capitalization of $434.16 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17. The business’s fifty day moving average is $55.30 and its 200 day moving average is $53.15.

Bank of America (NYSE:BAC – Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. The business had revenue of $8.08 billion during the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.Bank of America’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 EPS. On average, sell-side analysts predict that Bank of America Corporation will post 4.64 EPS for the current year.

Bank of America Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $0.28 per share. The ex-dividend date was Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Bank of America’s dividend payout ratio is 27.72%.

Insider Transactions at Bank of America In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of Bank of America stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the completion of the sale, the insider owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities analysts recently commented on BAC shares. HSBC upped their target price on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Wells Fargo & Company boosted their price objective on shares of Bank of America from $67.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $75.00 price objective on shares of Bank of America in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Friday, April 24th. Finally, Robert W. Baird lifted their target price on shares of Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.77.

View Our Latest Stock Report on BAC

Key Stories Impacting Bank of America Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Bank of America declared regular cash dividends on multiple preferred stock series, reinforcing its continued capital return to shareholders. Bank of America Declares Preferred Stock Dividends Payable in August and September 2026 Positive Sentiment: Multiple firms lifted their outlooks on BAC, including higher earnings estimates for FY2026 and FY2027, suggesting improving expectations for profitability. Bank of America stock page Positive Sentiment: Bank of America’s recent Q2 results were broadly strong, with the company topping estimates and benefiting from robust trading and deal activity, which has helped support investor confidence in the stock. BofA rides market whiplash to trading records, deal activity shines Neutral Sentiment: Bank of America also announced internal AI leadership appointments to accelerate AI adoption in its global markets business, a strategic move that could improve efficiency over time but is not an immediate earnings driver. BofA names senior executives to drive AI adoption in global markets-memo Bank of America Profile (Free Report)

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

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Bank of America Corporation (NYSE:BAC) shares traded up 1.7% on Wednesday following a better than expected earnings announcement. The company traded as high as $62.03 and last traded at $61.6220. Approximately 43,138,347 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 38,850,402 shares. The stock had previously closed at $60.62.

The financial services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS.

Bank of America Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, June 5th. Bank of America’s payout ratio is 27.72%.

More Bank of America News Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Several firms raised their price targets on BAC after Q2 results, with Barclays, Wells Fargo, KBW, and Truist all seeing further upside on stronger earnings and better growth prospects. Positive Sentiment: Bank of America’s earnings call highlighted durable growth drivers including rising net interest income, loan and deposit gains, operating leverage, and AI-enabled productivity, which should support profitability. Bank of America Q2 Earnings Call Points to Durable Growth Drivers Positive Sentiment: Coverage following the quarter noted that Bank of America rode market volatility to trading records, while deal activity remained a bright spot, reinforcing the strength of its capital markets businesses. BofA rides market whiplash to trading records, deal activity shines Positive Sentiment: Commentary after the Q2 report said Bank of America’s consumer unit earned nearly $3.3 billion as spending held up, suggesting its retail banking franchise remains resilient. Neutral Sentiment: CEO Brian Moynihan also warned about AI security risks, but this appears more like an industry-wide caution than a direct business setback for BAC. Negative Sentiment: An article questioning whether Bank of America is overvalued could temper some enthusiasm if investors worry the post-earnings rally has already priced in much of the good news. Is Bank of America Corporation (BAC) Overvalued? Analyst Upgrades and Downgrades A number of equities research analysts recently issued reports on the company. HSBC lifted their target price on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. The Goldman Sachs Group upped their price target on Bank of America from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Robert W. Baird raised their price target on shares of Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, UBS Group boosted their price objective on shares of Bank of America from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Twenty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.77.

Read Our Latest Research Report on BAC

Insider Transactions at Bank of America In related news, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. This represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows A number of hedge funds have recently bought and sold shares of BAC. Abound Financial LLC bought a new position in shares of Bank of America in the fourth quarter valued at $26,000. Wiser Advisor Group LLC acquired a new position in Bank of America during the third quarter worth $27,000. Legacy Bridge LLC raised its position in Bank of America by 182.3% during the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 330 shares in the last quarter. CrossGen Wealth LLC bought a new stake in Bank of America during the fourth quarter worth $30,000. Finally, Joseph Group Capital Management acquired a new stake in Bank of America in the fourth quarter valued at $32,000. 70.71% of the stock is currently owned by institutional investors.

Bank of America Trading Down 0.2% The business’s 50 day simple moving average is $55.11 and its 200 day simple moving average is $53.09. The stock has a market cap of $436.30 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.00 and a beta of 1.17. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.23.

About Bank of America (Get Free Report)

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

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Bank of America has announced senior appointments to drive AI ​adoption and implementation across its global markets ‌group, according to an internal memo seen by Reuters on Friday.

Bank of America (NYSE:BAC) reported better-than-expected earnings for the second quarter on Tuesday.

The company posted quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $1.13 per share. The company reported quarterly sales of $31.558 billion which beat the analyst consensus estimate of $30.746 billion.

Bank of America shares rose 04% to $60.87 in pre-market trading.

These analysts made changes to their price targets on Bank of America following earnings announcement.

Wells Fargo analyst Mike Mayo maintained the stock with an Overweight rating and raised the price target from $67 to $69. Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $71 to $72. Considering buying BAC stock? Here’s what analysts think:

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, /PRNewswire/ -- Bank of America publie aujourd'hui ses résultats financiers du deuxième trimestre 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.

Informations relatives à la conférence téléphonique avec les investisseurs

Brian Moynihan, président du conseil et CEO, et Alastair Borthwick, vice-président exécutif et directeur financier, présenteront les résultats financiers lors d'une téléconférence destinée aux investisseurs qui se tient aujourd'hui à 8h30 ET. 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 la rediffusion de la conférence téléphonique pour les investisseurs

Les investisseurs peuvent accéder aux enregistrements de la téléconférence destinée aux investisseurs en se rendant sur le site web des relations avec les investisseurs ou en composant le 1.800.934.4850 (États-Unis) ou au 1 402 220 1178 (international) à partir du 14 juillet à midi jusqu'au 24 juillet à 23h59 ET. 

Bank of America

Bank of America est l'une des principales institutions financières du monde. Elle propose aux particuliers, aux petites et moyennes entreprises et aux grandes sociétés une gamme complète de produits et de services bancaires, d'investissement, de gestion d'actifs, ainsi que d'autres produits et services financiers et de gestion des risques. L'entreprise offre un niveau de commodité inégalé aux États-Unis, où elle compte près de 70 millions de clients, grâce à environ 3 500 agences bancaires, quelque 15 000 distributeurs automatiques de billets et une offre bancaire en ligne primée qui compte environ 60 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. En tant que premier prêteur des petites entreprises aux États-Unis (FDIC), Bank of America offre un accompagnement de premier plan à environ quatre millions de petites entreprises grâce à une gamme de produits et services en ligne innovants et intuitifs. 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.

Les investisseurs peuvent contacter

Lee McEntire, Bank of America
Téléphone : 1.980.388.6780
[email protected] 

Jonathan G. Blum, Bank of America (Produits à revenu fixe)
Téléphone : 1.212.449.3112
[email protected]

Les journalistes peuvent contacter

Jocelyn Seidenfeld, Bank of America
Téléphone : 1.646.743.3356
[email protected] 

Bank of America’s second-quarter earnings call Tuesday (July 14) was dominated by a simple message: Consumers in the United States are spending, companies are borrowing, capital markets are open, and the economy is proving stronger than expected.

That backdrop helped the bank cruise past its earnings targets. Beneath the victory lap, however, CEO Brian Moynihan and Chief Financial Officer Alastair Borthwick also offered signals on artificial intelligence, private credit, consumer risk and the bank’s increasingly digital operating model.

For Bank of America, AI is becoming both a revenue engine and a productivity tool. Borthwick said the bank is benefiting from financing the “massive capital investment and infrastructure build” around AI, particularly through investment banking and Global Markets. Internally, Bank of America employees are generating more than 400,000 AI prompts a day. The bank has approved more than 300 AI use cases, including 114 live generative AI applications and 34 that are fully implemented.

The payoff should extend beyond cutting costs, management said.

“Here’s what’s going to come out of that, we believe: growth, efficiency, risk management and resiliency,” Borthwick said.

Moynihan added that AI is already making software development more productive, so the same technology budget should produce more code over time. Still, the technology needs controls.

“It has great utility,” Moynihan said. “It has to be carefully managed. You have to have your data perfect. You have to have your rules base, so it doesn’t make mistakes.”

Private credit also came up, although management used the broader phrase “private capital lending.” Moynihan said some highly leveraged activity had moved outside the banking system, but parts of it are returning on terms banks can accept. More broadly, he said feared credit problems have not materialized.

“The issues of the moment, whether it’s real estate four or five years ago or whether it was private capital lending and all this stuff, just aren’t surfacing the way people thought they would,” Moynihan said.

The consumer picture was similarly steady. Card charge-offs and delinquencies improved from both the prior quarter and a year earlier, Borthwick said. Bank of America’s credit card charge-off rate fell to 3.55%, from 3.82% a year ago, while early- and late-stage delinquencies improved for a fifth consecutive quarter. At the same time, combined credit and debit card spending rose 9% to $266 billion, and management said broader consumer spending was running more than 6% above last year during the second quarter.

Digital Banking Stars in Q2 Digital banking is increasingly tied to the bank’s funding advantage. Bank of America reported roughly 50 million active digital banking users, 24.6 million active Erica (AI assistant) users and 4.4 billion digital logins during the quarter. Seventy percent of consumer sales were digitally enabled.

Digital tools, security and rewards help the bank win operating accounts and maintain a favorable deposit mix, Borthwick said. It’s a reminder that digital engagement is not just a service channel, but a core part of deposit economics.

On the economy, the bank’s research team raised its 2026 U.S. growth forecast to 2.2%, Moynihan said, calling the economy “more durable than expected,” supported by consumer spending, AI-driven investment and lower energy costs. He also identified inflation and tight monetary policy as the main risks.

Commercial loan growth was broader than the AI buildout, with business banking, commercial banking and corporate banking all contributing, Borthwick said.

Cryptocurrency and stablecoins were not discussed in either the prepared remarks or the analyst Q&A. On the call, Bank of America’s digital story remained centered on Erica, Zelle, CashPro and AI-enabled banking rather than crypto or stablecoins.

As for the headline numbers, Bank of America reported net income of $9.1 billion, up 27% year over year, on revenue of $31.6 billion, up 15%. Diluted earnings per share rose 34% to $1.21. Net interest income increased 9% to $16 billion, investment banking fees jumped 50% to $2.1 billion, and the bank delivered 6.6% operating leverage with a 17% return on tangible common equity.

On Tuesday, July 14, Bank of America (NYSE:BAC) blew past Wall Street's expectations and delivered results for one of its strongest quarters in years.

Second-quarter revenue grew about $4.2 billion since last year (from $27.4 billion to $31.6 billion), a roughly 15% surge that beat Wall Street's estimate of $30.8 billion. Earnings, likewise, rose 34% to $1.21, a comfortable beat on analysts' estimate of about $1.13. Just as important was the bank's 17% return on average tangible common equity -- a key measure of the bank's profitability -- which is well within its target range of 16% to 18%.

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Indeed, every one of Bank of America's business segments reported double-digit net income growth, with total net income growing 27% to $9.1 billion. But does that strong performance make the bank stock a long-term buy today? Let's take a look.

Image source: Bank of America.

Bank of America's underlying business is getting stronger. Most people will recognize Bank of America as a big bank. But beyond brand recognition, the nature of its business might not be as easy to put into words.

In a nutshell, Bank of America operates several financial businesses under one brand. Its most familiar business -- the banking side -- takes deposits from consumers and companies, then uses that money to fund credit cards, mortgages, and other loans. The difference between the interest Bank of America collects from borrowers and the interest it pays to depositors is a huge factor in its profitability.

In that regard, Bank of America's latest quarter was very encouraging. Net interest income rose 9% to roughly $16 billion, while average loans and leases also grew 8% to about $1.2 trillion. Put differently, Bank of America lent more money and made earned more from these interest-bearing assets -- a healthy sign, so long as borrowers keep paying.

The strongest part of the quarter warrants a closer look Bank of America also saw strong growth across its wealth management, trading revenue, and investment banking services. But it's this growth, more than anywhere else, that gets my spidey senses tingling.

To set the stage properly, here's what Bank of America reported: sales and trading revenue rose from $5.3 billion to $7.1 billion, contributing about $1.8 billion of additional revenue. Likewise, investment banking fees grew to $2.1 billion from $1.4 billion, an increase of about $700 million.

Together, these businesses generated roughly $2.5 billion in additional revenue, nearly 60% of the company's total year-over-year revenue growth of $4.2 billion.

This is phenomenal growth, but I don't think investors should treat it as a "new normal." Indeed, much of the second-quarter growth on this side of the business likely was benefited from unusual circumstances: the Iran conflict whipped up big waves of market volatility, whereas blockbuster offerings like SpaceX probably helped lift the company's investment-banking fees.

That's not to say the company's wealth management and Wall Street operations are weak; clearly, the contrary is true. But we shouldn't assume that this quarter's growth will repeat, since much of it seems driven by a hot market rather than a fundamental change in the business.

Yes, I would call Bank of America a buy right now. Although I'd caution against expecting this quarter's trading-fueled growth to repeat, it's encouraging to see growth in its core banking operation. Adding to this, Bank of America's recent stress test results -- which showed it can hypothetically withstand a severe economic downturn -- and the long-term investment case look solid.

Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and MastercardBank of America NYSE: BAC reported broad-based second-quarter growth, with management pointing to stronger net interest income, fee revenue, client activity and operating leverage across each of its business segments.

CEO Brian Moynihan said the bank generated revenue of $31.6 billion, up 15% from a year earlier, while net income rose 27% to $9.1 billion. Earnings per share increased 34% to $1.21. Moynihan said the company delivered 6.6% operating leverage in the quarter, improved its efficiency ratio to 59% and generated a 17% return on tangible common equity.

Get Bank of America alerts:

BitMine’s Ethereum Bet Is Only Part of the Story“Every business segment contributed to our year-over-year growth,” Moynihan said, adding that each segment increased revenue and net income, generated operating leverage and improved its efficiency ratio.

Net Interest Income and Fee Businesses Drive Revenue Growth Moynihan said revenue growth was led by net interest income, investment banking, wealth management fees and sales and trading revenue. Net interest income on a fully taxable-equivalent basis was about $16.2 billion, up 9% from the prior-year quarter. He attributed the increase to core lending and deposit-gathering strength, lending in Global Markets, repricing of lower-yielding assets and repayment of higher-cost funding.

Chime Finally Turns Profitable—But Risks RemainNon-interest income grew 22%, helped by activity in wealth management, investment banking and markets. Investment brokerage fees rose 18%, while investment banking fees increased 50% year-over-year to more than $2.1 billion. Sales and trading revenue reached $7.2 billion, up 33%.

Moynihan also said Bank of America returned $8 billion to shareholders through dividends and share repurchases during the quarter. The bank ended the period with nearly $202 billion of common equity Tier 1 capital and a CET1 ratio of 11.2%.

Deposits, Loans Continue to Expand Alastair, who reviewed the balance sheet and financial details on the call, said ending assets were steady at $3.5 trillion compared with the first quarter, as lower securities balances were replaced by loan growth and Global Markets activity. He said the bank maintained strong liquidity and funding while supporting client activity.

Average deposits totaled $2.02 trillion, up $49 billion, or 2.5%, from a year earlier. The increase included $19 billion of non-interest-bearing deposit growth, up 4%. Management said it was the company’s 12th consecutive quarter of average deposit growth, with Global Banking deposits up 8% year-over-year.

Average loans and leases increased to $1.2 trillion, up $88 billion, or 8%, from a year earlier. Ending loans were $1.22 trillion, up $71 billion, or 6%, marking the ninth consecutive quarter of growth in both average and ending loans. Commercial lending led the increase, with average commercial loans up 11% to $733 billion. Consumer loans rose 3%, led by securities-based lending and credit card balances.

Management Raises Operating Leverage Outlook Bank of America now expects full-year 2026 net interest income growth to be at the upper end of its 6% to 8% range. Alastair said that outlook is supported by anticipated loan and deposit growth, fixed-rate asset repricing and balance sheet optimization. The guidance assumes modest loan and deposit growth in the second half of the year and is based on a forward curve that includes one 25-basis-point rate hike in September, according to management.

Non-interest expense was approximately $18.6 billion, up about $100 million from the first quarter and $1.4 billion from the year-earlier period. Management said the increase reflected continued investment in technology, sales teams, financial centers and brand marketing, along with higher activity-related costs in Global Markets.

After previously telling investors it expected more than 200 basis points of full-year operating leverage, management now expects full-year operating leverage of 300 to 400 basis points. Alastair said first-half operating leverage exceeded 450 basis points, driven by rising net interest income and strong fee-based performance.

Credit Quality Remains Stable Credit quality remained stable, according to management. Provision expense was approximately $1.4 billion, and net charge-offs were also $1.4 billion, both largely unchanged from the first quarter. Consumer card charge-offs and delinquencies improved both year-over-year and sequentially. Commercial credit remained solid, with improvement in commercial real estate offset by isolated corporate and commercial lending losses.

Reservable criticized commercial exposures declined by about $2.3 billion from the first quarter to roughly $22 billion, primarily due to commercial real estate improvement. Nonperforming loans were stable at approximately $5.8 billion, and the company recorded a modest reserve release.

Segment Results Highlight Consumer, Wealth, Banking and Markets Strength Consumer Banking net income increased 10% year-over-year to about $3.3 billion, while revenue rose 5% to $11.3 billion. The segment maintained a 51% efficiency ratio and delivered a 29% return on allocated capital. Average consumer deposits rose to $957 billion, and the bank added 162,000 net new checking accounts. Card spending increased 9% to $266 billion.

Global Wealth and Investment Management reported record revenue and pre-tax income. Net income rose 42% year-over-year to $1.4 billion, while revenue increased 16% to $6.9 billion. Client balances reached a record $4.9 trillion, and assets under management grew 17% to $2.3 trillion.

Global Banking revenue rose 10% to $6.2 billion, and net income increased 20% to more than $2 billion. Corporate investment banking fees, excluding self-led transactions, rose 50% to more than $2.1 billion. Average loans increased 7% to $413 billion, while average deposits rose 8% to $652 billion.

Global Markets also delivered a strong quarter. Excluding debit valuation adjustment, net income was $2.7 billion, up 70% from a year earlier. Sales and trading revenue excluding DVA rose 33% to $7.2 billion. Equities revenue reached a record $3.6 billion, while fixed income, currencies and commodities revenue was $3.5 billion, its strongest quarter in more than a decade.

Management also discussed the bank’s use of artificial intelligence. Moynihan said more than 200,000 employees are using AI-enabled capabilities, generating more than 400,000 prompts per day. He said the bank had more than 300 approved AI use cases, including 114 live generative AI use cases.

In closing remarks, Moynihan said the company continues to benefit from diversified revenue growth, stable credit costs and a constructive operating environment, citing strong consumer spending, broadening commercial lending and active capital markets pipelines.

About Bank of America NYSE: BACBank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Bank of America Corp (NYSE:BAC) shares rose about 2% in premarket trading after the bank reported second-quarter 2026 results that exceeded Wall Street expectations, driven by growth in net interest income, investment banking, trading and wealth management.

The bank reported earnings per share of $1.21, above the consensus estimate of $1.12.

Revenue came in at $31.6 billion, topping expectations of $30.67 billion.

Net interest income rose 9% year over year to $16 billion, reflecting stronger Global Markets activity, higher loan and deposit balances and fixed-rate asset repricing, partly offset by the impact of lower interest rates.

Provision for credit losses totaled $1.4 billion, down from $1.6 billion a year earlier and broadly unchanged from the first quarter.

The bank's efficiency ratio improved to 59% from 62.6% a year earlier, while operating leverage was 6.6%.

Average deposits rose more than 2% to $2.02 trillion, marking the 12th consecutive quarter of sequential growth. Average loans and leases increased 8% to $1.22 trillion, extending sequential growth to a ninth straight quarter.

Bank of America ended the quarter with a Common Equity Tier 1 capital ratio of 11.2% and returned $8 billion to shareholders.

Within Consumer Banking, net income rose to $3.3 billion as revenue increased 5% to $11.3 billion. Combined credit and debit card spending grew 9%, while the bank added more than 160,000 net new consumer checking accounts during the quarter.

Global Wealth and Investment Management posted net income of $1.4 billion as revenue climbed 16% to $6.9 billion, supported by a 19% increase in asset management fees and higher net interest income. Client balances reached $4.9 trillion.

Global Banking generated net income of $2.0 billion, with investment banking fees rising 50% year over year to $2.1 billion.

Global Markets reported net income of $2.6 billion. Sales and trading revenue increased 33% to $7.1 billion, led by a 70% jump in equities revenue and a 9% increase in fixed income, currencies and commodities revenue.

Bank of America’s CEO Brian Moynihan said the company delivered one of its strongest quarters, with every business segment reporting double-digit net income growth.

"The team delivered one of our strongest quarters to date, with earnings per share up 34% year-over-year. Every business segment reported double digit net income growth and strong returns on equity," Moynihan said.

He added that clients continued to spend, borrow and invest amid what he described as a healthy economic backdrop.

"It was also an exceptional quarter for our markets-facing businesses, with investment banking fees up 50% year-over-year. Near-term, pipelines remain strong, and commercial borrowing has picked up."

Bank of America analysts wrote that the results were supported by stronger-than-expected performance in investment banking and sales and trading. They noted investment banking fees of $2.1 billion exceeded their $1.8 billion estimate, while sales and trading revenue of $7.1 billion was well above their $6.2 billion forecast, driven by particularly strong equities trading.

The analysts also highlighted operating leverage as a positive, noting the bank generated 660 basis points of year-over-year operating leverage and a 17.0% return on tangible common equity, above their 16.1% estimate, despite continued investment spending and higher revenue-related compensation.

They added that average loans of $1.22 trillion came in ahead of both their estimate and consensus expectations. While net interest margin of 2.08% was slightly below consensus and ending deposits of $2.03 trillion missed expectations, they pointed out that deposit costs improved by one basis point sequentially to 1.46%.

Looking ahead, the analysts wrote that while the quarter was positive, investors are likely to focus on management's earnings call for updates on the sustainability of net interest income and margins, the pace of balance sheet repricing, and any changes to the company's outlook.

Key Takeaways Bank of America beat Q2 earnings estimates as revenues rose y/y on higher NII, trading and IB.BAC posted its 17th straight quarter of trading growth, with equity trading revenues jumping 69.9%.Bank of America cut credit loss provisions & repurchased $6B of shares, but expenses increased y/y. Bank of America’s (BAC - Free Report)  second-quarter 2026 earnings of $1.21 per share handily surpassed the Zacks Consensus Estimate of $1.13. The bottom line grew 34.4% year over year.

Behind Bank of America’s Q2 Headline NumbersThe company recorded an improvement in trading numbers for the 17th straight quarter. Sales and trading revenues, excluding net DVA, grew 33% year over year to $7.16 billion. Fixed-income trading fees increased 8.8%, while equity trading income soared 69.9%.

Similar to the previous quarter, the company’s investment banking (IB) performance was solid this time as well. IB fees (in the Global Banking division) of $1.15 billion increased 50.5% year over year. Equity underwriting income increased 69.2%, while debt underwriting income rose 20.5% year over year. Advisory revenues grew 77.7%.

Robust improvement in the trading and IB business, along with higher net interest income (NII), drove Bank of America’s total revenues. NII rose on a year-over-year basis on higher interest income related to Global Markets activity, higher loan and deposit balances, and fixed-rate asset repricing, partially offset by the impact of lower interest rates.

While provisions declined in the quarter on a year-over-year basis, non-interest expenses increased, which hurt the results to some extent.

The company’s net income applicable to common shareholders grew 27.2% from the prior-year quarter to $8.75 billion.

BAC’s Revenues Improve, Expenses RiseNet revenues were $31.56 billion, which surpassed the Zacks Consensus Estimate of $30.62 billion. The top line rose 15% from the prior-year quarter.

NII (fully taxable-equivalent basis) grew 9.1% year over year to $16.16 billion. Net interest yield expanded 14 basis points (bps) to 2.08%.

 Non-interest income rose 21.8% year over year to $15.56 billion. The rise was driven by higher total fees and commissions, market making and similar activities, and other income.

Non-interest expenses were $18.63 billion, up 8.4% year over year. The rise was due to an increase in all cost components, except for professional fees.

The efficiency ratio was 59.02%, down from 62.61% in the year-ago quarter. A fall in the efficiency ratio indicates an improvement in profitability.

Bank of America’s Credit Quality ImprovesProvision for credit losses was $1.37 billion, down 14.2% from the prior-year quarter.

Net charge-offs declined 7.4% year over year to $1.41 billion. As of June 30, 2026, non-performing loans and leases as a percentage of total loans were 0.47%, down 5 bps from the prior-year period.

BAC’s Capital Position StrongBook value per share as of June 30, 2026, was $39.34 compared with $36.92 a year ago. Tangible book value per share was $29.37, up from $27.49 a year ago.

At the end of June 2026, the common equity tier 1 capital ratio (advanced approach) was 12.5% compared with 13% as of June 30, 2025.

BAC’s Share Repurchase UpdateIn the reported quarter, the company repurchased shares worth $6 billion.

Our Take on Bank of AmericaBAC’s focus on digitizing and expanding operations, along with solid loan growth and stabilizing deposit/funding costs, is likely to keep supporting growth. However, elevated expenses and a challenging operating backdrop pose major headwinds.

Currently, Bank of America carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings Release Dates of BAC’s PeersState Street (STT - Free Report) is slated to announce second-quarter 2026 results on July 16.

Over the past seven days, the Zacks Consensus Estimate for STT’s quarterly earnings has been revised higher to $3.30. The figure implies 30.4% growth from the prior-year quarter’s actual.

KeyCorp (KEY - Free Report) is slated to announce second-quarter 2026 results on July 21.

Over the past seven days, the Zacks Consensus Estimate for KEY’s quarterly earnings has been revised lower to 42 cents. The figure implies 20% growth from the prior-year quarter’s actual.

14.7.2026 16:11, IBM, BAC, C, AAPL, JPM, GS, WFC

Index Dow Jones +0,22 % na 52613,05 b., S&P 500 +0,38 % na 7544,24 b., Nasdaq Composite +0,73 % na 26061,63 b.

Americké akciové indexy na začátku obchodování mírně rostou, index S&P 500 přidává 0,38 %.

Akcie IBM padají o 23 % poté, co technologická společnost představila předběžné výsledky za 2Q. Tržby ve druhém kvartále vzrostly meziročně pouze o 1 % na 17,2 mld. USD, zatímco analytici očekávali 17,86 mld. USD. Z jednotlivých segmentů rostl pouze software, a to o 5 %. Tržby z infrastruktury naopak klesly o 7 % a poradenská divize stagnovala (při konstantních měnových kurzech +1 %).

Akcie softwarových a IT/profesionálních služeb obecně klesají poté, co předběžné tržby IBM za druhé čtvrtletí nedosáhly konsenzuálního odhadu.

Dneškem naplno odstartovala výsledková sezóna v USA za 2Q, když své hospodářské výsledky zveřejnily velké banky, včetně JPMorgan, Bank of America, Citigroup, Goldman Sachs a Wells Fargo.

Akcie Apple klesají  o 1,1 % poté, co banka KeyBanc snížila doporučení pro akcie na underweight, přičemž očekává slabší poptávku po zařízeních a pomalejší růst výnosů ze služeb v USA.

Index S&P 500 +0,38 % na 7544,24 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Základní materiály +1,6 % Zdravotní péče -1,5 % Průmysl +1,1 % Nezbytná spotřeba -0,2 % Finanční sektor +0,8 % Zbytná spotřeba -0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Crowdstrike Holdings (CRWD) +7,9 % IBM (IBM) -23 % Lumentum Holdings (LITE) +7,6 % Biogen (BIIB) -7,6 % Sandisk Corp (SNDK) +6,6 % Workday (WDAY) -7,0 % Goldman Sachs Group (GS) +6,4 % ServiceNow (NOW) -6,3 % Monolithic Power Systems (MPWR) +6,0 % Stryker Corp (SYK) -5,4 % Zdroj: Bloomberg

Michal Šnobl
Fio banka, a.s.
Prohlášení

, /PRNewswire/ -- Bank of America reported its second 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 July 14 through 11:59 p.m. ET on July 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 60 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 contact

Lee McEntire, Bank of America
Phone: 1.980.388.6780
[email protected]
 

Jonathan G. Blum, Bank of America (Fixed Income)

Phone: 1.212.449.3112

[email protected]

Reporters may contact

Jocelyn Seidenfeld, Bank of America

Phone: 1.646.743.3356

[email protected] 

SOURCE Bank of America Corporation

HomeIndustriesInvestors appeared to be “selling the news” after the bank reported very strong results.July 14, 2026, 7:15 a.m. ET

Bank of America reported a 15% jump in revenue year-on-year. Photo: patrick t. fallon/Agence France-Presse/Getty ImagesShares of Bank of America declined 1% during premarket trading on Tuesday despite the second-largest bank in the U.S. reporting a jump in earnings per share in its second quarter.

Bank of America’s BAC second-quarter earnings per share caome in at $1.21, up 36% compared to the same quarter last year, and surpassing the Wall Street consensus of $1.13, per LSEG.

Hirings add to more than 200 bankers across 26 cities supporting the growth of middle market companies, which serve as a growth engine of the U.S.

Key points

Bank of America is expanding its Regional Investment Banking business with nine senior hires across key U.S. markets, including Austin, Boston, Charlotte, Chicago, Detroit, Minneapolis, New York, San Francisco and West Palm Beach. The hires strengthen the bank's presence across a platform that now includes more than 200 bankers across 26 U.S. cities, helping it meet increasing client demand, support the growth of middle market companies, and drive investment in communities and the broader U.S. economy. The U.S. middle market remains a key strategic priority and significant growth opportunity for Bank of America and its Global Corporate & Investment Banking and Global Commercial Banking businesses. Regional Investment Banking brings together Bank of America's global capabilities, Local Market connectivity and broad client relationships to deliver integrated advice and tailored solutions to middle market clients. , /PRNewswire/ -- Bank of America today announced the addition of several senior investment bankers across its Regional Investment Banking business, reinforcing the company's commitment to serving middle market clients and expanding coverage in key Local Markets across the U.S. The hires add senior expertise in Austin, Boston, Charlotte, Chicago, Detroit, Minneapolis, New York, San Francisco and West Palm Beach, and they will report to Neil Kell and Samardh Kumar, co-heads of Regional Investment Banking.

The U.S. middle market remains a key strategic priority and significant growth opportunity for Bank of America and its Global Corporate & Investment Banking and Global Commercial Banking businesses. These senior additions reflect the bank's continued commitment to expanding its middle market coverage, enabling it to broaden coverage across its Global Commercial Banking franchise, deepen client relationships, and meet the growing demand for strategic advice, capital markets solutions and M&A expertise. It also underscores Bank of America's belief in the long-term strength of the U.S. middle market, a powerful engine of growth, job creation and investment across the nation.

Working closely with Global Commercial Banking, Merrill, Private Bank and Local Market Organization, Regional Investment Banking helps bring together Bank of America's global capabilities to deliver integrated, relationship-driven advice and tailored solutions to middle market clients. This model brings global perspectives and resources to clients at the local level, while helping them access the insights, capital and expertise needed to grow and compete around the world. This approach also enhances connectivity across the bank's 97 Local Markets, helping drive investment banking market share as well as market growth and collaboration across its eight lines of business.

"Middle market companies play a vital role in driving business and economic growth across the U.S., and we continue to see significant opportunity to help these businesses grow, invest and achieve their objectives," said Mike Joo, Co-Head of Global Investment Banking. "We are pleased to welcome a highly accomplished group of bankers who bring an exceptional combination of advisory and sector experience, regional leadership and longstanding client relationships in many of the country's most important markets. Together, they strengthen our ability to serve our Global Commercial Banking clients with differentiated advice and deep local market insight, while delivering the full breadth of Bank of America's global platform."

These senior hires build on Bank of America's growing Regional Investment Banking footprint and continued investment in expanding its middle market coverage, which has added 20 cities since launching in 2016 and now spans more than 200 bankers across 26 U.S. cities. The business also maintained its #1 investment banking ranking among Global Commercial Banking clients for the third consecutive year while increasing share year over year.[1]

Bob Berry will join as a managing director based in Boston in late July, deepening coverage in the Northeast region. Bob brings more than 35 years of investment banking experience and joins from Rothschild, where he was a senior M&A banker in Global Advisory and head of the Boston office. He previously held senior leadership roles across M&A, Consumer & Retail, and Financial Sponsors at Truist, Raymond James and Credit Suisse. Matt Dalton will join as a managing director based in Minneapolis in early August, covering the Midwest region. Matt brings more than 20 years of investment banking experience across multiple sectors, with expertise in Building Products and Materials, Metals, Capital Goods and Equipment, and Industrial Services. He joins from Lazard, where he spent more than 17 years advising middle market industrial companies, family-owned businesses and private equity sponsors. Rick Florjancic will join as a managing director based in Chicago in mid-September, where he will lead the Chicago office and help expand senior leadership coverage across the broader Midwest region. Rick has nearly 30 years of investment banking experience and joins from BMO Capital Markets, where he most recently served as head of Regional Investment Banking. He previously held leadership roles at Wells Fargo and J.P. Morgan. Ian Mackay will join as a managing director based in Charlotte in mid-August, strengthening the middle market Financial Sponsors practice across the Southeast region and nationally. Ian joins from BlackArch Partners, where he led Financial Sponsors coverage in Atlanta, and previously spent more than 20 years at Raymond James and SunTrust. Joe Park recently joined as a managing director based in Detroit, focusing on expanding client coverage across the Midwest region. Joe brings more than 35 years of investment banking, corporate and leadership experience, with deep industrial and technology expertise. He previously served as president and chief financial officer of Princeton NuEnergy and held executive positions within SK Group. He began his investment banking career at Morgan Stanley in Technology, Media & Telcom (TMT). Mitch Theiss recently rejoined as a vice chair based in West Palm Beach, helping expand coverage of Florida-based middle market clients and family businesses while providing senior support on key relationships. Mitch brings more than 35 years of investment banking experience and most recently was a partner at Seabrook Partners. He previously served as executive chair at Rockefeller Capital Management and spent 19 years at Bank of America, where he was chair and co-head of Global Industrials Corporate & Investment Banking. Daniel Webb recently rejoined as a managing director based in Austin, partnering closely with the Southwest Investment Banking team to expand coverage across Texas and the broader Southwest region. Daniel brings more than 15 years of investment banking experience and deep technology-sector expertise, including more than a decade in TMT investment banking at Bank of America and Citigroup. Joe Winters will join as a managing director based in San Francisco in early August, broadening client coverage across the Bay Area and Pacific Southwest region. Joe joins from J.P. Morgan, where he led the middle market investment banking business in Northern California and the Pacific Northwest. He brings more than 25 years of investment banking experience, with expertise spanning Industrial Technology and Business Services. Bo Brown recently joined as a managing director based in New York, strengthening advisory capabilities across financial sponsors, industrial and middle market clients. He brings more than 20 years of M&A experience and joined from BMO Capital Markets, where he served as head of Industrials M&A. He previously led the sell-side M&A practices at Credit Suisse and Citigroup. 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.

Reporters may contact

John Yiannacopoulos, Bank of America
Phone: 1.646.855.2314
[email protected]

Tim Hurkmans, Bank of America
Phone: 1.929.656.1718
[email protected]

[1] Source: Dealogic as of June 30, 2026.

SOURCE Bank of America Corporation

13.7.2026 14:09

Výsledková sezóna v USA se tento týden začíná rozbíhat. V centru pozornosti bude především finanční sektor, zejména výsledky velkých amerických bank, jako jsou JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, Citi či Morgan Stanley. Investoři budou sledovat také výsledky správce aktiv BlackRock. Mimo finance budou důležité také výsledky ze segmentu polovodičů, kde reportují ASML a TSMC. Pozornost investorů přitáhne rovněž Netflix, zatímco zdravotnický sektor zastoupí UnitedHealth Group, Johnson & Johnson, Abbott a Intuitive Surgical.

Přehled vybraných společností reportujících své výsledky v tomto týdnu (zdroj: síť X - Earnings Whispers)

Úterý (14. července) USA (před trhem): JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, Citi, Fastenal, Ericsson

Středa (15. července) USA (před trhem): Johnson & Johnson, ASML, Morgan Stanley, BlackRock, Progressive, The Bank of New York Mellon, PNC Financial Services, Elevance Health, Cintas, M&T Bank

USA (po trhu): United Airlines, J.B. Hunt Transport Services

Eurozóna (před trhem): ASML

Čtvrtek (16. července) USA (před trhem): UnitedHealth Group, General Electric, Abbott Laboratories, Prologis, U.S. Bancorp, Kinder Morgan, State Street, Citizens Financial Group

USA (po trhu): Netflix, Intuitive Surgical

Evropa (před trhem): ABB, Nordea Bank

Taiwan: TSMC

Pátek (17. července) USA (před trhem): The Travelers, Truist Financial, Fifth Third Bancorp, Regions Financial

Zdroj: Bloomberg, Earnings Whispers

Marek Krejčiřík
Fio banka, a.s.
Prohlášení