Summary
BofA names senior executives to drive AI adoption in global markets-memo
Bank of America has announced senior appointments to drive AI adoption and implementation across its global markets group, according to an internal memo seen by Reuters on Friday.
Revving Up Returns: Big Banks Race Through the Rate Plateau
Headline earnings beats across money-center banks frequently mask deep divergences in net interest income sustainability and operational leverage. A rapid glance at big bank second-quarter 2026 earnings reports shows broad consensus beats across the board.
BofA CEO Brian Moynihan on Consumers, Earnings, Deals Pipeline, AI
Bank of America Chair and CEO Brian Moynihan discusses the continued strength of the US consumer and breaks down the firm's second-quarter earnings. Moynihan also talks about lending and mortgages, inflation, and the role of data and AI within the company on “Bloomberg Surveillance.
Bank of America Corporation (NCBd) FAQ
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Bank of America Corporation Profile
| Banks Industry | Financials Sector | Brian Thomas Moynihan CEO | CBOE Exchange | US0605051046 ISIN |
| US Country | 212,000 Employees | 5 Jun 2026 Last Dividend | 30 Aug 2004 Last Split | 13 Jan 1978 IPO Date |
Overview
Bank of America Corporation, a comprehensive financial institution, provides a wide range of banking and financial services across the globe. Catering to individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments, it operates through four main segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. This vast institution has its roots stretching back to 1784, with its headquarters nestled in Charlotte, North Carolina, marking its long-standing presence and influence in the financial sector.
Products and Services
- Consumer Banking:
Offers an array of services including traditional and money market savings accounts, certificates of deposit and IRAs, checking accounts with or without interest, and investment accounts and products. Also provided are credit and debit cards, residential mortgages, home equity loans, and various loans such as automotive, recreational vehicle, and consumer personal loans.
- Global Wealth & Investment Management (GWIM):
Delivers investment management, brokerage, banking, trust, and retirement products, along with wealth management solutions. GWIM also provides customized solutions, incorporating specialty asset management services.
- Global Banking:
Focuses on lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending. It extends treasury solutions such as treasury management, foreign exchange, and short-term investing options, in addition to merchant services; provides working capital management solutions; and offers advisory services in debt and equity underwriting and distribution, mergers, and fixed-income and equity research.
- Global Markets:
Engages in market-making, financing, securities clearing, settlement, and custody services. It provides securities and derivative products, alongside risk management products through interest rate, equity, credit, currency, and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products.
