BofA

Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
April 16, 2024  |  Earnings

Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4...

READ MORE >
Bank of America Consolidates Banking, Investing, Retiring Into One App
Bank of America Consolidates Banking, Investing, Retiring Into One App
March 21, 2024  |  Digital Banking

Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app.  This new, unified digital...

READ MORE >
Bank of America Says Zelle Transactions Climb 27% Year Over Year
Bank of America Says Zelle Transactions Climb 27% Year Over Year
October 17, 2023  |  Banking

Bank of America’s earnings showed a continued surge in P2P volumes, as Zelle transactions climbed double digits, measured year over year. As noted in presentation materials...

READ MORE >
BofA Reports Rise in Credit Card Charge-Off and Delinquency Rates
BofA Reports Rise in Credit Card Charge-Off and Delinquency Rates
September 15, 2023  |  Banking

Bank of America is seeing more of its customers falling behind on their credit card payments.  Both the net charge-off rate and the delinquency rate of...

READ MORE >
Bank of America: Europe’s IPO Market Will Recover Gradually
Bank of America: Europe’s IPO Market Will Recover Gradually
July 20, 2023  |  IPO

Anyone expecting a dramatic restoration of Europe’s IPO market might have to wait. That’s according to bankers at Bank of America (BofA), who told Bloomberg News in...

READ MORE >
BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
June 19, 2023  |  Cryptocurrency

Recent regulatory action against the cryptocurrency sector continues to pressure token prices. That’s according to recent research by Bank of America, which — as CoinDesk...

READ MORE >
BofA Offers ‘Breakthrough’ to Underrepresented Startups
BofA Offers ‘Breakthrough’ to Underrepresented Startups
May 16, 2023  |  Startups

Bank of America (BofA) has launched an accelerator program to support entrepreneurs from underrepresented communities. The banking giant’s Breakthrough Lab, announced Tuesday (May 16), is...

READ MORE >
The One Thing: Integration and the Future of Financial Services
The One Thing: Integration and the Future of Financial Services
October 20, 2022  |  Connected Economy

The connected economy runs on a mostly invisible ocean of technologies to deliver new experiences, and it all relies on one foundational concept: integration. That’s...

READ MORE >
BofA, AmEx Report Rising Credit Card Delinquencies
BofA, AmEx Report Rising Credit Card Delinquencies
October 17, 2022  |  Credit Cards

Credit card delinquency rates in the U.S. are slowly creeping upward, Bank of America and American Express reported Monday (Oct. 17). According to Seeking Alpha,...

READ MORE >