Bank of America Corporation (NYSE:BAC) is one of Jim Cramer’s Recession-Proof Stock Picks. Addressing the stock in one of his episodes, Jim Cramer says, “Don’t wait”. Bank of America Gains Jim Cramer’s Backing Amid Fintech Funding and Strong Institutional Support On September 23, 2025, Bank of America Corporation (NYSE:BAC), alongside other major banks including Citi and Goldman Sachs, backed a $136 million funding round for Fnality. The London-based fintech, Fnality, lets banks engage in transactions t ...

, /PRNewswire/ -- As previously announced, Bank of America will report its third quarter 2025 financial results on Wednesday, October 15. The results will be released at approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET. Lee McEntire, Bank of America Phone: 1.980.388.6780 [email protected] 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. ...

Shares of SoFi Technologies Inc. (NASDAQ:SOFI) jumped on Tuesday amid reports that the President Donald Trump administration may sell parts of the federal government's $1.6 trillion student loan portfolio to private lenders, fueling optimism for the fintech's growth.Trump Administration Weighs Selling Federal Student Loans To Private LendersSenior officials at the Treasury Department and the Department of Education have discussed transferring "high-performing" student loans to the private sector, according ...

Core Insights - Bank of America has appointed Kelly Firment as the new president of Bank of America Delaware, succeeding Chip Rossi who retired after a 40-year career with the bank [1][3] - Kelly Firment will also continue her role as Small Business and Vehicle Client Services Executive, overseeing services for over 3.4 million small business clients and 1.8 million vehicle lending clients [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 [7] - The bank is recognized for its digital banking services, with approximately 59 million verified digital users, and offers a wide range of financial products and services globally [7] Leadership and Community Engagement - Kelly Firment has a long history with Bank of America, having joined in 1988, and has held various influential roles in operations, strategic planning, and marketing [3] - She is committed to community empowerment and has served in advisory roles at several universities, focusing on leadership development and mentorship opportunities [5]

Core Points - Bank of America will host an Investor Day on November 5, 2025, in Boston, featuring presentations from the Management Team [1] - A live webcast and related materials will be available on the Investor Relations website, with a replay option [1] - Additional details, including dial-in information, will be provided closer to the event date [2] Company Overview - Bank of America is a leading global financial institution, offering a comprehensive range of banking, investing, asset management, and risk management services [3] - The company serves approximately 69 million consumer and small business clients through around 3,700 retail financial centers and approximately 15,000 ATMs [3] - Bank of America has about 59 million verified digital users, showcasing its strong digital banking capabilities [3] - The company is a global leader in wealth management, corporate and investment banking, and trading across various asset classes [3] - It provides industry-leading support to approximately 4 million small business households with innovative online products and services [3] - Bank of America operates in the United States, its territories, and over 35 countries, with its stock listed on the New York Stock Exchange (NYSE: BAC) [3]

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].

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].

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].

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]

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]