Ruth Chepngetich set a new world record at the Bank of America Chicago Marathon, finishing in 2:09:56. Her performance follows Kelvin Kiptum's record-setting run last year. John Korir also made headlines by achieving a personal best and the second fastest time in Chicago’s history with 2:02:44. In the wheelchair races, Marcel Hug won his fifth title in the men’s category with a time of 1:25:54, while Catherine Debrunner defended her women’s title with a course record-breaking 1:36:12.
Bank of America has announced its financial results for the third quarter of 2024. The detailed news release, supplemental filing, and investor presentation are available on the company's Investor Relations website.
Nearly 80% of small and mid-sized business owners in the U.S. expect revenue growth over the next year, according to the 2024 Bank of America Women & Minority Business Owner Spotlight report. The survey, conducted by Ipsos, involved more than 2,000 business owners nationwide and revealed optimism across various demographics.
The latest study by Bank of America Private Bank highlights differences in charitable giving among affluent Americans, focusing on generational and gender divides. The research reveals that while 91% of wealthy individuals donate to charity, their motivations and strategies differ significantly.
Bank of America has announced the four small businesses from New York City that will participate in this year's Small Business Spotlight program at the Bank of America Winter Village at Bryant Park. These businesses will have rent-free booths to display and sell their products for over two weeks each. This initiative offers entrepreneurs the chance to reach new customers at one of New York City's prime winter shopping destinations, with shop rental fees covered by Bank of America.
Bank of America will release its third quarter 2024 financial results on Tuesday, October 15. The announcement is scheduled for approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET.
Bank of America Corporation has announced its decision to redeem the entire $2,000,000,000 principal amount outstanding of its 2.456% Fixed/Floating Rate Senior Notes on October 22, 2024. These notes were originally due in October 2025 and are identified by CUSIP No. 06051GHW2. The redemption will be executed at a price equal to 100% of the principal amount plus any accrued and unpaid interest up to, but not including, the redemption date. After this date, interest on these notes will no longer accrue.
Registration for the 2025 Bank of America Chicago Distance Series events has been announced. The series includes the Bank of America Chicago Marathon, Chicago 13.1, and Shamrock Shuffle 8K Run. Participants who complete all three events in 2025 will receive an exclusive medal and guaranteed entry to the 2026 Chicago Marathon.
Bank of America has introduced Virtual Payables Direct, expanding its Virtual Payables capabilities in the EMEA region. This new business-to-business payment solution offers buyers the usual working capital benefits of card transactions, such as extended payment terms, and adds the ability for suppliers to be paid via direct bank transfer. The global B2B payments market is growing rapidly and is projected to reach over $2.4 trillion by 2031.
Bank of America has introduced a new banking solution aimed at helping parents guide their children in developing sound financial habits. The product, SafeBalance Banking® for Family Banking, is designed to provide parents with the necessary tools and resources to teach their children money management through a secure digital platform.
The Bank of America Chicago Marathon has made a substantial impact on the local economy, contributing a record $547 million in 2023. This represents a 42% increase from the previous year's $386 million, according to an independent study by Jones & Associates Economics.
Bank of America plans to open more than 165 new financial centers across 63 markets by the end of 2026. This includes nearly 40 centers set to open this year, in addition to over 100 centers opened in the last two years.
Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z (CUSIP No. 060505EM2), liquidation preference $25,000 per share (the “Preferred Stock”), and the corresponding depositary shares each representing a 1/25th interest in a share of the Preferred Stock (CUSIP No. 060505EL4) (the “Depositary Shares”).
Bank of America Corporation announced today that its Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of several series of preferred stock for the fourth quarter of 2024.
AUGUSTA, GA - Fred Ridley, Chairman of Augusta National Golf Club and the Masters Tournament, announced today that Bank of America will become a Champion Partner of the Masters Tournament, beginning with the 2025 Masters Tournament. Additionally, the Chairman has announced that CBS Sports will expand coverage hours of the Tournament on Saturday and Sunday also beginning in 2025.
Bank of America Corporation announced today that it will redeem on September 25, 2024, all $2,000,000,000 principal amount outstanding of its 0.981% Fixed/Floating Rate Senior Notes, due September 2025 (CUSIP No. 06051GJG5) (the “Notes”), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of September 25, 2024. Interest on the Notes will cease to accrue on the redemption date.
Bank of America Corporation announced today that it will redeem on October 1, 2024, all $1,750,000,000 principal amount outstanding of its 3.093% Fixed/Floating Rate Senior Notes, due October 2025 (CUSIP No. 06051GGT0) (the “Notes”), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of October 1, 2024. Interest on the Notes will cease to accrue on the redemption date.
Bank of America announced today that it has raised its U.S. minimum hourly wage to $24 per hour, continuing its commitment to reach $25 by 2025. This increase will bring the minimum annualized salary for full-time employees in the U.S. to nearly $50,000 and applies to all full-time and part-time hourly positions.
Bank of America announced today that it has increased its minimum wage to $24 per hour in the United States, as part of its commitment to reach $25 by 2025. With this increase, the annualized minimum salary for full-time employees in the U.S. will rise to nearly $50,000. This raise applies to all full-time and part-time hourly positions in the country.