Bank of America

Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities.

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This Week in AI: Smarter Healthcare, Enterprise Efficiencies, Misinformation Management
This Week in AI: Smarter Healthcare, Enterprise Efficiencies, Misinformation Management
October 13, 2023  |  artificial intelligence

Machines don’t dream of electric sheep, but they can help predict where they’d flock. That’s because generative artificial intelligence (AI), where bytes meet brains, is...

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CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
October 11, 2023  |  CFPB

Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the...

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Bank of America: AI Poised to Disrupt Every Sector
Bank of America: AI Poised to Disrupt Every Sector
October 11, 2023  |  artificial intelligence

Artificial intelligence (AI) is predicted to have a significant economic impact, potentially reaching $15.7 trillion by the end of the decade, according to Bank of America....

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Slowing Loan Growth Expected to Squeeze Big US Banks’ Profits
Slowing Loan Growth Expected to Squeeze Big US Banks’ Profits
October 09, 2023  |  Banking

The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits....

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IBM’s AI Consulting Business Expected to Grow by $1 Billion in 2024
IBM’s AI Consulting Business Expected to Grow by $1 Billion in 2024
October 05, 2023  |  artificial intelligence

IBM’s artificial intelligence (AI) projects are reportedly set to contribute to its continuing turnaround. Bank of America has reiterated a Buy rating on IBM’s stock,...

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Bank of America CEO Brian Moynihan Expects Soft Landing for Economy
Bank of America CEO Brian Moynihan Expects Soft Landing for Economy
September 27, 2023  |  Economy

Bank of America Chairman and CEO Brian Moynihan reportedly said he believes that the economy is heading toward a soft landing, avoiding a recession.  Speaking Wednesday...

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What Early Warning’s Paze Has in Common With Amazon’s Fire Phone
What Early Warning’s Paze Has in Common With Amazon’s Fire Phone
September 25, 2023  |  Mobile Wallets

In June of 2014, Amazon launched the Fire phone. Priced at $650 and offered exclusively by AT&T, the phone’s big selling point was its “Dynamic...

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Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
September 21, 2023  |  Credit Cards

PYMNTS’ Provider Ranking of Credit Card Apps tracks the ever-changing landscape of credit card mobile applications each month. In the latest edition, ties from last...

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Prescription Drug Discount Cards Pose Challenges for Retail Pharmacies
Prescription Drug Discount Cards Pose Challenges for Retail Pharmacies
September 19, 2023  |  Healthcare

The rising use of prescription drug discount cards is reportedly leading to significant implications for pharmacy chains. These discount cards, such as those offered by GoodRx,...

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