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Bank of America to Report Third-Quarter 2023 Financial Results on October 17

Retrieved on:

Tuesday, October 10, 2023

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CHARLOTTE, N.C., Oct. 10, 2023 /PRNewswire/ -- As previously announced, Bank of America will report its third-quarter 2023 financial results on Tuesday, October 17.

Key Points:

CHARLOTTE, N.C., Oct. 10, 2023 /PRNewswire/ -- As previously announced, Bank of America will report its third-quarter 2023 financial results on Tuesday, October 17.
Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services.
Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts .

67% of Small Business Owners Foresee Revenue Increasing Over the Next Year; Supply Chain and Labor Issues Easing

Retrieved on:

Wednesday, October 4, 2023

CHARLOTTE, N.C., Oct. 4, 2023 /PRNewswire/ -- Small business owners nationwide continue to be bullish on their own business outlook, as 67% anticipate revenue growth over the next 12 months, despite the ongoing impacts of inflation and high operating costs, according to Bank of America's 2023 Women & Minority Business Owner Spotlight.

Key Points:

77% of small business owners plan to obtain funding for their business, down from 83% in Fall 2022.
31% of women business owners said they do not think they will ever have equal access to capital to start a business; 35% of Black business owners, 20% of Hispanic-Latino business owners and 20% of AAPI business owners said the same.
AAPI business owners plan to seek financing, revenue expectations down slightly
Business growth, investment and expansion are top-of-mind for AAPI business owners this year.
Ipsos contacted a national sample of 1,079 small business owners in the United States with annual revenue between $100,000 and $4,999,999 and employing between two and 99 employees, as well as 292 interviews of Hispanic-Latino small business owners, 308 interviews of Black small business owners and 131 interviews of Asian American small business owners.

Charitable Giving by Affluent Households Above Pre-Pandemic Levels, Finds 2023 BofA Study of Philanthropy

Retrieved on:

Tuesday, October 3, 2023

CHARLOTTE, N.C., Oct. 3, 2023 /PRNewswire/ -- Eighty-five percent of affluent households gave to charity in 2022 with the value of their average gifts rising 19% above pre-pandemic levels, according to the 2023 Bank of America Study of Philanthropy released today. The study found that affluent households gave an average of $34,917 to charity in 2022, up from $29,269 in 2017, though less than the $43,195 they gave in 2020 when giving levels peaked in response to needs created by the pandemic and an increased awareness of racial and social justice issues.

Key Points:

Affluent volunteers are highly motivated to respond to needs (64%) and by the belief that their service makes a difference (57%).
Almost a quarter (22%) of affluent households overall use a structured giving vehicle, such as a donor-advised fund, family foundation or charitable remainder trust, to meet their philanthropic goals.
Still, the overall number of affluent households giving to religious organizations has declined sharply to 39% in 2022 from 47% in 2020.
The 2023 Bank of America Study of Philanthropy: Charitable Giving by Affluent Households is the latest in a series of studies that have set the benchmark for research on the giving practices of affluent households in the United States.

BofA Survey Finds Many American Workers Optimistic About Their Financial Future, Though Feeling the Strain of Inflation

Retrieved on:

Tuesday, September 26, 2023

CHARLOTTE, N.C., Sept. 26, 2023 /PRNewswire/ -- Bank of America today announced findings from its 13th annual Workplace Benefits Report, "The Transforming Workplace" (PDF) The report revealed that two-thirds (67%) of employees believe the cost of living is outpacing growth in their salary or wages, compared to 58% in February 2022. Over the last year, the impact of inflation and economic uncertainty has contributed to increased financial stress and to financial wellness among employees dropping to 42%, the lowest rate since this research began in 2010. Despite which, more than half (56%) of employees remain cautiously optimistic about their financial well-being over the next 2 to 3 years.

Key Points:

Despite which, more than half (56%) of employees remain cautiously optimistic about their financial well-being over the next 2 to 3 years.
First launched in 2011, the annual Workplace Benefits Report examines trends related to workplace financial benefits and wellness programs.
Bank of America is a marketing name for the Retirement Services business of Bank of America Corporation ("BofA Corp.").
Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC.

InvestmentPitch Media Video Discusses FSD Pharma’s Continued Development of its Exciting New Rapid Detox Drink UNBUZZD™, with Video Comments from Kevin Harrington

Retrieved on:

Friday, September 22, 2023

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A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Key Points:

A Media Snippet accompanying this announcement is available by clicking on the image or link below:
For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, including a short video by Kevin Harrington of Shark Tank fame.
Be sure to stay to the end of this short video, which Kevin sums up by giving the product his “whole-hearted endorsement”.
“I had the pleasure of visiting our partners at the FSD Pharma (Nasdaq:HUGE) HQ in Toronto, Canada last week.
By the time I passed 70 minutes my BAC had dropped from just under .08 to just over .05.

Bank of America Increases US Minimum Hourly Wage to $23 as Next Step to $25 by 2025

Retrieved on:

Wednesday, September 20, 2023

Bank of America, Small business, Digital, Risk management, Workforce, BAC, Multimedia, Bank, Nidec-Shimpo America Corporation, Capital, NYSE

CHARLOTTE, N.C., Sept. 20, 2023 /PRNewswire/ -- Today, Bank of America announced it has again increased its U.S. minimum hourly wage for employees on its stated path to $25 by 2025. The company will move to $23 in October. By 2025, its minimum hourly wage will have increased by nearly $14 per hour — or more than 121% — since 2010.

Key Points:

CHARLOTTE, N.C., Sept. 20, 2023 /PRNewswire/ -- Today, Bank of America announced it has again increased its U.S. minimum hourly wage for employees on its stated path to $25 by 2025.
By 2025, its minimum hourly wage will have increased by nearly $14 per hour — or more than 121% — since 2010.
This move builds on the bank's history of being a national leader in establishing a minimum rate of pay for U.S. hourly employees.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts .

BIG APPLE CIRCUS PARTNERS WITH EUROPE'S BELOVED CIRCUS-THEATER RONCALLI IN A FIRST-OF-ITS-KIND COLLABORATION FOR ITS 2023 SEASON AT LINCOLN CENTER

Retrieved on:

Wednesday, September 20, 2023

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NEW YORK, Sept. 20, 2023 /PRNewswire/ -- The Big Apple Circus is excited to announce a first-of-its-kind collaboration with Europe's beloved, and Andy Warhol-approved, Circus-Theater Roncalli for its upcoming 2023 season. This all-new show, "Journey to the Rainbow," will transport the audience to a dreamlike wonderland as it blends the best of New York City's hometown circus with the romance and magic of today's European circus tradition. It will mark the long-awaited U.S. premiere of Circus-Theater Roncalli, which is revered as one of the most beautiful circuses in the world. The company has amazed more than 45 million spectators since its inception in the mid-1970s with its contemporary but nostalgic take on the one-ring circus experience.

Key Points:

NEW YORK, Sept. 20, 2023 /PRNewswire/ -- The Big Apple Circus is excited to announce a first-of-its-kind collaboration with Europe's beloved, and Andy Warhol-approved, Circus-Theater Roncalli for its upcoming 2023 season.
It will mark the long-awaited U.S. premiere of Circus-Theater Roncalli, which is revered as one of the most beautiful circuses in the world.
Bernhard Paul, the founder and owner of Circus-Theater Roncalli, and Patrick Philadelphia, a long-time executive at Circus-Theater Roncalli, will helm this dazzling and dream-like production created specifically for the Big Apple Circus.
"As a circus performer for decades, I can ensure that this first-ever collaboration between Big Apple Circus and Circus-Theater Roncalli will be our most spectacular production yet, filled with classic circus charm and otherworldly theatrics."

Bank of America's inventor base exceeds 7,000

Retrieved on:

Tuesday, September 19, 2023

CHARLOTTE, N.C., Sept. 19, 2023 /PRNewswire/ -- Bank of America announced their inventor base has grown to more than 7,000 employees around the world. These talented inventors have helped grow the bank's patent portfolio to over 6,100 active patents and applications. Their contributions have resulted in the bank rising to 75th on the Intellectual Property Owners Association's Top 300 list of patent owners. Supporting all areas within the bank, the inventors remain focused on continuous innovation, particularly in artificial intelligence, machine learning, data analytics, information security, online/mobile banking, and payments.

Key Points:

CHARLOTTE, N.C., Sept. 19, 2023 /PRNewswire/ -- Bank of America announced their inventor base has grown to more than 7,000 employees around the world.
Their contributions have resulted in the bank rising to 75th on the Intellectual Property Owners Association's Top 300 list of patent owners .
Erica® Bank of America's AI-driven virtual financial assistant was developed and launched in 2018 and currently has 76 active patent filings.
Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

BofA Continues to Modernize Trade Finance with the Launch of CashPro® Supply Chain Solutions

Retrieved on:

Monday, September 18, 2023

Small business, Digital, Bank of America, Risk management, BAC, Multimedia, Automation, Bank, Nidec-Shimpo America Corporation, GTS, NYSE, Palestine All Party Parliamentary Group, Warehouse, Cryptocurrency, Online shopping, Bookkeeping

NEW YORK and TORONTO, Sept. 18, 2023 /PRNewswire/ -- As part of a multi-year effort to transform trade finance, Bank of America is launching CashPro Supply Chain Solutions, a platform that will offer participants in a supply chain the benefits of digitization with improved process efficiency and working capital optimization. CashPro is the banking platform used by more than 40,000 business clients to manage their treasury and trade operations.

Key Points:

Open Account Automation, the first module of CashPro Supply Chain Solutions, addresses invoice approval and payment, one of the most common processes in global trade.
"Trade finance is still a paper heavy industry despite advances in technology, due in large part to the dependency on traditional manual processes," said Geoff Brady, head of Global Trade and Supply Chain Finance in Global Transaction Services (GTS) at Bank of America.
"Eliminating that dependency was central to the design of CashPro Supply Chain Solutions, through which we're introducing digitization on behalf of network participants."
Visit the bank's website for more information about the bank's Global Trade & Supply Chain Finance solutions.

Enhancements to BofA's CashPro® Chat Create Greater Efficiencies for Business Clients

Retrieved on:

Monday, September 18, 2023

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Bank of America is elevating the experience of its business clients through enhancements to CashPro Chat, a virtual service advisor within the CashPro banking platform. CashPro is used by more than 40,000 corporate and commercial clients around the world to manage their treasury operations.

Key Points:

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Bank of America is elevating the experience of its business clients through enhancements to CashPro Chat, a virtual service advisor within the CashPro banking platform.
CashPro is used by more than 40,000 corporate and commercial clients around the world to manage their treasury operations.
Business clients can now experience the power of this advanced virtual assistant to quickly view transactions, find information about their accounts and navigate CashPro functionality.
CashPro Chat supplements the CashPro Search feature, launched in May, that enables clients to easily find a specific transaction from potentially hundreds of bank accounts.