We begin this hour with a leadership shakeup at Bank of America. Brian Moynihan recently naming Dave Athanasiou and Jim Demark as co-presidents. The firm writing in a statement, quote, Athanasius and Demark will drive company wide initiatives focused on long term growth and returns and oversee Bank of America's eight lines of business.I'm very pleased to say that. Joining us now is the Bank of America CEO Brian Moynihan. Brian, of course, in London, we're here in New York.You're actually in our home and we' ...

We begin this hour with a leadership shakeup at Bank of America. Brian Moynihan recently naming Dave Athanasiou and Jim Demark as co-presidents. The firm writing in a statement, quote, Athanasius and Demark will drive company wide initiatives focused on long term growth and returns and oversee Bank of America's eight lines of business.I'm very pleased to say that. Joining us now is the Bank of America CEO Brian Moynihan. Brian, of course, in London, we're here in New York.You're actually in our home and we' ...

Wage Increase - Bank of America will raise its minimum wage to $25 per hour next month [1] - This increase represents the culmination of a multi-year company goal [1]

Bank of America Chair and CEO Brian Moynihan talks about leadership changes at the bank. "I'm not going anywhere in the short term or medium term" he said on "Bloomberg Surveillance." The company named Dean Athanasia and Jim DeMare co-presidents, reporting to Moynihan directly, who has been in charge of the firm since 2010. ...

Group 1 - The financial sector is performing well, with expectations of the Federal Reserve initiating an easing cycle, which could further benefit banks [1][2] - The anticipated economic growth and potential Fed rate cuts are expected to spur loan growth and increase capital markets activity, aiding M&A and IPO activities [2][4] - Lower interest rates may lead to increased mortgage refinancing activity and improve banks' book values by reducing unrealized losses [5] Group 2 - Larger banks are favored in the current economic backdrop due to their potential benefits from capital markets activity and regulatory reductions [6] - Major banks such as Bank of America, JP Morgan, Goldman Sachs, and Morgan Stanley are expected to thrive in a more favorable economic environment [7] - JP Morgan is highlighted as a top performer with consistent returns on tangible common equity exceeding 20% [8] Group 3 - Bank of America has lagged behind other money center banks but is seen as having potential for growth in the coming years [9] - Citigroup has returned to a price of 100 after a stock split, indicating room for further price appreciation [9]

Group 1 - Bank of America has raised its minimum hourly wage to $25, fulfilling its 2021 pledge [1] - The bank has increased its minimum hourly pay by nearly 67% since 2018, with the previous minimum wage being $24 [1] - The new minimum annualized salary for full-time employees will exceed $50,000 [1] Group 2 - The wage increase comes amid a challenging U.S. labor market, characterized by slow job gains and rising unemployment [2] - Lower-income households are particularly affected by labor market weaknesses, with their after-tax wages rising at the slowest pace since 2016 [2] Group 3 - The higher starting salary aims to support employees in developing long-term careers at Bank of America [3] - The increase will take effect in early October and will apply to all full-time and part-time hourly positions in the U.S. [3]

Accessibility StatementSkip Navigation The increase delivers on a pledge to hit $25 by 2025 CHARLOTTE, N.C., Sept. 17, 2025 /PRNewswire/ -- Today, Bank of America announced it has raised its U.S. minimum hourly wage to $25 per hour. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to more than $50,000. The increase, which goes into effect in early October, applies to all full-time and part-time hourly positions in the U.S., affecting thousands of employees acros ...

Core Insights - Bank of America is increasing its minimum wage to $25 per hour, achieving a long-term goal set for 2025, which will raise the annualized salary for full-time employees to over $50,000 [3][7] - Since 2017, the bank's minimum hourly wage has increased from approximately $15 to $25, representing a rise of more than $20,000 [3][7] - Approximately 97% of Bank of America employees have received additional awards, primarily in the form of restricted common stock, totaling close to $5.8 billion since 2017 [4] Company Developments - The announcement of the wage increase coincides with the appointment of Dean Athanasia and Jim DeMare as co-presidents, alongside the promotion of CFO Alastair Borthwick to executive vice president [6] - CEO Brian Moynihan, who has led the bank since 2010, plans to remain with the company until at least the end of the decade [6][7] Industry Context - Bank of America is not alone in raising its minimum wage; BNY Mellon also increased its pay floor to $25 per hour in March, marking the fourth increase in five years, resulting in over a 50% pay rise for its lowest-paid workers since 2021 [5]

富国银行将美国银行的目标价从56美元上调至60美元，将花旗集团的目标价从115美元上调至125美元， 将摩根大通的目标价从325美元上调至345美元，均维持"增持"评级。(格隆汇) ...

•美国银行：经济数据表明当前的金融环境对黄金有利 •银河期货：贵金属在流动性宽松的预期下迎来了新的突破 强劲走势有望延续 •光大期货：谨防短线利多落地后的市场大幅波动 •正信期货：金融和避险属性为贵金属提供底部支撑 预计未来延续震荡上行 •银河期货表示，美联储9月FOMC会议召开在即，当前9月降息25bps已接近完全定价，市场博弈聚焦于 交易未来更快和更大的降息幅度的可能性。从美国近期的宏观"硬"数据来看，8月CPI尽管再度反弹，但 较为温和且整体仍符合市场的预期；同时，8月非农数据爆冷且对此前数据出现年度级别的大幅下修， 凸显出美国劳动力市场的脆弱性，市场对于美联储年内三次降息的预期持续走高。在这种背景下，美元 和美债收益率偏弱运行，贵金属也在流动性宽松的预期下迎来了新的突破，强劲走势有望延续。提示关 注周四凌晨的议息会议结果，市场波动可能阶段性放大。 •光大期货表示，美国8月零售销售环比增0.6%，连续三个月超预期增长，实际零售销售连续11个月增 长，经济韧性凸显。另外，美众院共和党人提出短期支出议案避免政府关门，缓解市场避险情绪。美联 储议息将至，黄金市场表现依然强势，表明市场对年内降息次数和幅度有所期 ...