Bank of America Corporation

BAC

US0605051046

Banks

Market Closed - Nyse Other stock markets 21:00:02 15/01/2025 GMT			Pre-market 00:59:34
47.10 ^USD	+2.88%		47.00	-0.22%

01-15	L.A. Chamber of Commerce sets up fund to help blaze-affected small businesses	RE
01-15	Profits at Wall Street banks jump with trading strength, dealmaking rebound	RE

Bank of America Consumer Investments Top $500 Billion in Assets

January 10, 2025 at 01:41 pm

By Sabela Ojea

Bank of America said that its consumer investments business has over $500 billion in client assets.

The lender on Friday said that the current size of its clients' assets has grown by more than 10 times since it launched its consumer investments business a decade ago.

Bank of America added that currently about one-third of all these accounts are held by Gen Z and millennial clients, who represent 52% of all Merrill Guided Investing accounts.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

01-10-25 0840ET

Latest news about Bank of America Corporation

L.A. Chamber of Commerce sets up fund to help blaze-affected small businesses	01-15	RE
Profits at Wall Street banks jump with trading strength, dealmaking rebound	01-15	RE
Wells Fargo earnings climb as investment banking shines	01-15	RE
Toronto Stocks Edge Lower; Canadian Telecoms Down as Rogers, BCE Downgraded by BofA	01-14	DJ
Bank of America, US Soccer Federation Sign Long-Term Partnership	01-14	MT
Los Angeles firefighters on alert for return of extreme winds	01-14	RE
Rogers Brief: Downgraded at Bank of America To Neutral From Buy With Target Cut To C$55 From $65, BNN TV reporting	01-14	MT
Grand City at a low since April 2024 - Bank of America negative	01-14	DP
CATL Seeks Hong Kong Listing in H1	01-14	MT
Equities Close Mixed as Traders Await Inflation Data, Bank Earnings	01-13	MT
Equities Close Mixed as Traders Await Inflation Data, Bank Earnings	01-13	MT
US Equities Markets End Mixed Monday as Traders Await Key Data, Earnings	01-13	MT
Equities Mixed as Traders Await Bank Earnings, Inflation Data	01-13	MT
Equities Mixed Intraday as Markets Await Bank Earnings, Inflation Data	01-13	MT
China's battery giant CATL hires banks for first-half Hong Kong float, sources say	01-13	RE
EM bond sales top $50 billion in cash dash to beat Trump - and Fed - surprises	01-13	RE
Stocks Decline Pre-Bell as Investors Await Key Inflation Data, Big Bank Earnings; Asia, Europe Down	01-13	MT
US Equity Investors to Watch Out for Inflation This Week Amid Sharp Move Higher in Treasury Yields	01-13	MT
Australian Shares Fall as Strong US Payrolls Report Quash Rate Cut Expectations; Bain Capital Sweetens Bid for Insignia Financial	01-13	MT
Nippon Telegraph & Telephone Mulling REIT Listing in Singapore	01-13	MT
Sector Update: Financial Stocks Decline Late Afternoon	01-10	MT
Sector Update: Financial Stock Slide Friday Afternoon	01-10	MT
BofA bets on a potential Fed rate hike after jobs report, top Wall-St brokers revise forecasts	01-10	RE
Global markets live: Nvidia, Bank of America, Block, Holcim, Unicredit...	01-10
Compass Diversified Amends Credit Facility for Additional $300 Million in Term Loans	01-10	MT

Chart Bank of America Corporation

Duration

Period

BAC: Dynamic Chart

Bank of America Corporation is a banking group organized around 5 areas of activity: - commercial banking (58.6% of Net Interest Income); - business and investment banking (25.5%); - wealth management and asset management (12.4%); - market banking (2.9%); - other (0.6%). At the end of 2023, the group managed USD 1,923.8 billion in current deposits and USD 1,053.7 billion in current credits.

Employees

213,000

Sector

Banks

Calendar

11:45am - Q4 2024 Earnings Release

More about the company