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.

Company cover image
BoA Adds $4B To Reserves Even As COVID Boosts Mobile, Digital Users
BoA Adds $4B To Reserves Even As COVID Boosts Mobile, Digital Users
July 16, 2020  |  Earnings

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter...

READ MORE >
How FIs Are Answering The Call Of AP Modernization Movement
How FIs Are Answering The Call Of AP Modernization Movement
June 22, 2020  |  Next-Gen AP Automation

Businesses relying on paper-based AP methods could be losing out on thousands if not millions of dollars, Bank of America’s Brad Garfield says. In this...

READ MORE >
US Banks Saw $2T Increase In Deposits During Pandemic
US Banks Saw $2T Increase In Deposits During Pandemic
June 22, 2020  |  Banking

A record $2 trillion has been deposited into U.S. bank accounts since the coronavirus first hit the U.S. in January, according to a report by...

READ MORE >
New Report: Why Bank of America Says AP Automation Is About Making, Not Breaking The Budget
New Report: Why Bank of America Says AP Automation Is About Making, Not Breaking The...
June 19, 2020  |  Next-Gen AP Automation

Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for staff to conduct...

READ MORE >
Bank Of America CEO: We’re Coming Out Of The Depths
Bank Of America CEO: We’re Coming Out Of The Depths
May 28, 2020  |  Economy

Bank of America’s chairman and CEO sees light at the end of the COVID-19 tunnel. In an interview on CNBC’s “Squawk Box” on Thursday (May...

READ MORE >
BoA Experiences Potential PPP Application Data Breach
BoA Experiences Potential PPP Application Data Breach
May 27, 2020  |  Safety and Security

Bank of America notified principal owners of a potential data breach after the bank uploaded the loan applications of some customers to a “limited access,...

READ MORE >
BoA Downgrades Square Over SMB Sector Concerns
BoA Downgrades Square Over SMB Sector Concerns
May 18, 2020  |  SMBs

Bank of America has lowered its rating of Square Inc. by two notches Monday (May 18), downgrading the stock to “underperform” from “buy” amid fears that...

READ MORE >
Investor Concerns Over Credit Losses Pull US Bank Stocks Down
Investor Concerns Over Credit Losses Pull US Bank Stocks Down
May 15, 2020  |  Investments

The U.S. banking industry is the runt of the litter of the current stock market rally as interest rates sink and loans crumble, according to...

READ MORE >
‘Green Shoots’ Or Scorched Earth: What We’ve Learned From Banks And Payment Networks’ Latest Earnings Calls
‘Green Shoots’ Or Scorched Earth: What We’ve Learned From Banks And Payment Networks’ Latest Earnings...
May 04, 2020  |  Banking

Amid the coronavirus pandemic and recessions, the old saying in life might hold true in business, and in particular for firms that rely on consumer...

READ MORE >