Bank of America Corporation (BAC) to Start Recommending Crypto Allocations

Group 1 - Bank of America Corporation (NYSE:BAC) is allowing its wealth advisers to recommend crypto allocations in client portfolios starting next month [1] - Specific clients with assets meeting predetermined thresholds have had access to bitcoin ETFs since early 2024, and now advisers can recommend crypto exchange-traded products without asset class thresholds [2] - The Trump administration is providing regulatory relief for asset classes, and a modest allocation of 1% to 4% in digital assets is deemed appropriate for investors comfortable with volatility [3] Group 2 - Bank of America Corporation's share price has risen approximately 8% since its fiscal Q3 2025 earnings release on October 15, with quarterly revenue growing by 10.82% to $28.09 billion, surpassing estimates by $629.76 million [3] - The company's earnings per share (EPS) of $1.06 also exceeded estimates by $0.11, with $11.3 billion of the $29.09 billion revenue coming from sales and trading, investment banking, and asset management fees, reflecting a 15% year-over-year growth [3] - Bank of America operates in four segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets [4]