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Bank of America to Report Second Quarter 2025 Financial Results and Host Investor Conference Call on July 16
Prnewswire· 2025-07-09 13:00
Core Viewpoint - Bank of America is set to report its second quarter 2025 financial results on July 16, 2025, with a subsequent investor conference call scheduled for the same day [1]. Group 1: Financial Reporting - The financial results will be released at approximately 6:45 a.m. ET on July 16 [1]. - An investor conference call will follow at 8 a.m. ET, providing an opportunity for investors to engage with the company's financial updates [1]. Group 2: Access to Information - The news release, supplemental filing, and investor presentation will be available on Bank of America's Investor Relations website [2]. - A Form 8-K containing the financial results will also be accessible on the U.S. Securities and Exchange Commission's website [2]. Group 3: Conference Call Details - Investors can join the conference call by dialing 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), with a conference ID of 79795 [3]. - It is recommended that investors dial in 10 minutes prior to the start of the call to ensure connection [3]. Group 4: Replay Information - Replays of the conference call will be available from noon on July 16 through 11:59 p.m. ET on July 25 [4]. - Investors can access the replay by visiting the Investor Relations website or by calling designated numbers for U.S. and international access [4]. Group 5: Company Overview - Bank of America is a leading financial institution, serving approximately 69 million consumer and small business clients through around 3,700 retail financial centers and approximately 15,000 ATMs [5]. - The company boasts approximately 59 million verified digital users and is a global leader in wealth management, corporate and investment banking [5]. - Bank of America operates in the U.S. and more than 35 countries, providing a full range of banking, investing, asset management, and risk management products and services [5].
BofA Directs Additional $1 Million to Los Angeles Nonprofits for Evolving Fire Recovery Needs
Prnewswire· 2025-07-07 20:19
Core Insights - Bank of America has contributed over $3.5 million in fire relief efforts to support clients, employees, and communities affected by the January wildfires in Los Angeles [1][2]. Group 1: Financial Contributions and Support - The latest round of grants includes more than $1 million directed to local nonprofits for various recovery resources, including assistance for small businesses and families [1]. - Bank of America has focused on small business relief, allocating $400,000 to support small businesses through local Community Development Financial Institutions (CDFIs) [4]. - The bank has also provided direct grants to impacted small businesses and support to chambers of commerce and other business support entities [4]. Group 2: Recovery Efforts and Community Engagement - Bank of America has opened a temporary mobile financial center in response to the destruction of two of its financial centers due to the fires and is committed to rebuilding permanent centers [5]. - The company has successfully reunited over 2,000 clients with their safe deposit box possessions from the destroyed locations [5]. - Bank of America is collaborating with government officials to address insurance challenges and rebuilding needs for impacted homeowners and communities [6]. Group 3: Leadership and Strategic Focus - The recovery efforts are led by Bank of America Business Banking president Raul A. Anaya, who has been appointed to focus on these initiatives full-time [2][3]. - The bank aims to leverage its expertise and connections to assist in the rebuilding process for the Los Angeles community [3].
Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend 8% to $0.28 Per Share
Prnewswire· 2025-07-01 20:30
Core Viewpoint - Bank of America announced plans to increase its quarterly common stock dividend to $0.28 per share starting in Q3 2025, following positive results from the Federal Reserve's 2025 Comprehensive Capital Analysis and Review (CCAR) [1][4]. Group 1: Capital Analysis and Stress Test Results - The 2025 stress test results showed an improvement in Bank of America's modeled capital depletion by 100 basis points (bps) to 170 bps, indicating stronger capital resilience [2]. - As a result of the stress test, Bank of America's preliminary stress capital buffer (SCB) would improve by 70 bps to 2.5%, with a CET1 minimum requirement of 10.0%, effective October 1, 2025 [2]. - If proposed modifications to the SCB calculation are adopted, the SCB would increase to 2.7%, raising the CET1 minimum ratio to 10.2%, effective January 1, 2026 [3]. Group 2: Financial Position - As of March 31, 2025, Bank of America reported $201 billion in regulatory CET1 capital and a CET1 ratio of 11.8%, which exceeds the current minimum requirement [3]. Group 3: Company Overview - Bank of America is a leading financial institution, serving approximately 69 million consumer and small business clients through around 3,700 retail financial centers and approximately 15,000 ATMs [7]. - The company is recognized for its digital banking services, with approximately 59 million verified digital users, and provides a full range of banking, investing, asset management, and risk management products [7]. - Bank of America operates globally, serving clients in the U.S., its territories, and over 35 countries, and is listed on the New York Stock Exchange (NYSE: BAC) [7].
Chicago Economy Infused with Record $683 Million Impact from 2024 Bank of America Chicago Marathon
Prnewswire· 2025-06-12 15:00
Economic Impact - The 2024 Bank of America Chicago Marathon contributed a record-breaking $683 million to the Chicago Metropolitan Area economy, marking a 22% increase in total economic impact over 2023 [1][2] - The tourism industry experienced over $177 million in economic activity directly resulting from the race [2] Participation and Job Creation - Nearly 53,000 participants took part in the race, with out-of-state participation more than doubling, showing a 130% increase in participants and visitors from outside Illinois and the Midwest since 2023 [2] - The marathon supported 4,589 full-time jobs in 2024, a 24% increase over the previous year, generating $229 million in wages and salary income [3] Community and Charitable Contributions - Runners raised a record-breaking $36 million for worldwide charities, highlighting the event's community engagement [4] - The marathon serves as a vital event for bolstering tourism and showcasing Chicago, with significant economic benefits felt across the country [4] Future Events - The 47th Bank of America Chicago Marathon is scheduled for October 12, 2025, and will welcome thousands of participants from over 100 countries [6]
BofA Names Paul Keifer President of Grand Rapids
Prnewswire· 2025-05-15 13:01
Core Insights - Bank of America has appointed Paul Keifer as the president of Bank of America Grand Rapids, succeeding Renee Tabben, who led the market since 2016 [1][3] - Paul Keifer will focus on growing market share by fostering local connections and enhancing client relationships across the bank's eight lines of business [2][3] - Keifer is also responsible for the Operations and Strategic Partnerships team, which aims to fulfill the company's five-year, $15 billion Community Homeownership Commitment [3][4] Company Overview - Bank of America is a leading financial institution serving approximately 69 million consumer and small business clients through around 3,700 retail financial centers and approximately 15,000 ATMs [6] - The company is recognized for its digital banking services, with approximately 59 million verified digital users [6] - Bank of America operates globally, serving clients in the U.S., its territories, and over 35 countries, and is listed on the New York Stock Exchange under the ticker symbol BAC [6]
Bank of America Announces 2026 Financial Reporting Dates
Prnewswire· 2025-05-07 12:00
Core Points - Bank of America announced its 2026 quarterly financial results reporting dates, with results to be released at approximately 6:45 a.m. ET and investor conference calls at 8:30 a.m. ET [1][5] - The specific reporting dates for the quarters are: Fourth quarter 2025 on January 14, 2026; First quarter 2026 on April 15, 2026; Second quarter 2026 on July 14, 2026; and Third quarter 2026 on October 14, 2026 [5] Company Overview - Bank of America is a leading global financial institution, providing a wide range of banking, investing, asset management, and risk management services to individual consumers, small and middle-market businesses, and large corporations [3] - The company serves approximately 69 million consumer and small business clients through around 3,700 retail financial centers and approximately 15,000 ATMs, along with a digital banking platform that has about 59 million verified digital users [3] - Bank of America is recognized as a global leader in wealth management, corporate and investment banking, and trading across various asset classes, serving clients worldwide [3]