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, integrating insights from Bank of America and third-party managers. MAA supports tailored, tax-aware strategies and continues to evolve with new tools to enhance portfolio customization and advisor flexibility. This milestone highlights MAA's role in transforming wealth management by freeing advisors to focus more on client relationships.
Bank of America CEO Brian Moynihan revealed the company spends over $250 million annually on GLP-1 weight loss medications for its 211,000 employees, a cost that has risen from zero five years ago. This expense now accounts for about 13% of the bank'...
Bank of America is accepting applications from August 1 to September 30, 2026, for its 2027 Art Conservation Project, which funds nonprofit museums and cultural institutions to conserve historically or culturally significant artworks and artifacts. S...
Citi has hired Rohan Sen from Bank of America to lead coverage of the technology services sector in its investment banking division. Sen, who spent 11 years at Bank of America as a managing director in technology investment banking, joins as part of ...
Bank of America reported a strong 34.4% year-over-year growth in Q2 2026 earnings per share (EPS) to $1.22, driven by record net interest income and a 33% rise in trading revenue. UBS raised its price target for the stock to $70 from $68, implying a ...
Bank of America has committed over $1 million in new funding to aid flood recovery in Central and South Texas, including $1 million to LiftFund to help small businesses stabilize and rebuild, and $50,000 to the American Red Cross for immediate commun...
