Bank of America announced it will redeem all outstanding $2 billion of its 5.526% Senior Bank Notes and $600 million of its Floating Rate Senior Bank Notes on July 17, 2026. The redemption price will be 100% of the principal plus accrued interest up to the redemption date. Interest will stop accruing on the redemption date, and payments will be made through The Depository Trust Company. This move affects investors holding these notes due in August 2026 and signals Bank of America's management of its debt maturity profile.
Merrill's Managed Account Advisors (MAA) platform has surpassed $1 trillion in client assets, marking two decades of growth since its 2006 launch. The platform helps advisors efficiently build and manage personalized investment portfolios at scale, i...
Bank of America offers a convertible preferred security, BAC.PR.L, with a high current dividend yield of approximately 5.74%, significantly above the common stock yield of about 1.87%. The bank's strong capital ratios and preferred dividend coverage ...
Major US banks including JPMorgan, Bank of America, Wells Fargo, and PNC have held talks about acquiring a payment network owned by fintech company Fiserv. This move aims to bypass the 2010 Dodd-Frank law's Durbin amendment, which caps debit-card fee...
The article reviews the best cash back credit cards available in July 2026, highlighting cards like Bank of America Customized Cash Rewards, Wells Fargo Active Cash, Chase Freedom Unlimited, Blue Cash Preferred from American Express, and Discover it ...
Bank of America Corporation is scheduled to release its Q2 earnings on July 14, with analysts expecting revenue around $30.5 billion and earnings per share (EPS) to remain steady at $1.11, matching Q1 results. The bank's fundamentals were strong befo...
