Bank of America announced the Critical Infrastructure Finance Initiative to deploy $250 billion over 18 months starting in 2026, coinciding with America's 250th anniversary. The initiative aims to modernize US infrastructure by financing digital, energy, power, and core infrastructure projects to enhance national competitiveness, energy security, and economic growth. This effort is expected to create tens of thousands of jobs and support community development through strategic investments and advisory services. The program will run through July 4, 2027, marking a significant commitment to America's infrastructure future.
Bank of America is rated a Strong Buy with a price target of $78, implying a 26% upside from the current $62. The bank's strong earnings growth is driven by rising net interest income, stronger fee businesses, operating leverage, and aggressive share...
Bank of America announced it will redeem all outstanding Floating Rate Senior Notes ($500 million) and Fixed/Floating Rate Senior Notes ($1.5 billion), both due September 2027, on September 15, 2026. The redemption price will be 100% of the principal...
Bank of America announced it will redeem all outstanding CAD425 million Floating Rate Senior Notes and CAD1 billion Fixed/Floating Rate Senior Notes due September 2027 on September 15, 2026. The redemption will be at 100% of principal plus accrued in...
