Bank of America has expanded its Regional Investment Banking team by hiring nine senior bankers in major U.S. cities including Austin, Boston, Charlotte, Chicago, Detroit, Minneapolis, New York, San Francisco, and West Palm Beach. This move strengthens the bank's presence in the middle market sector, which is a key growth area and economic driver in the U.S. The hires will enhance the bank's ability to provide strategic advice, capital markets solutions, and M&A expertise to middle market companies. Bank of America now has over 200 bankers across 26 cities, reinforcing its commitment to supporting middle market growth and investment nationwide.
Last week, US stock markets gained ground with the S&P 500 up 1.2% and Nasdaq Composite rising 1.7%, despite President Trump's announcement that the cease-fire with Iran had ended. Investors appeared to focus on ongoing US-Iran talks rather than the ...
Five of the largest U.S. banks—JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs—are set to report their second-quarter earnings simultaneously, an unusual event. Citigroup is expected to show the most improvement in a key fi...
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 ...
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 ...
