BofA Announces $22 Per Hour Minimum Wage, Targets Hourly $25 Pay in 3 Years
(Bank of America) Bank of America has increased its minimum pay per hour to $22 from $21, effective at the end of June. The bank says the latest increment sets…
Bank of America Reports $23.23B Revenue in Q1 2022 on Better Credit Quality
(BofA) Bank of America posted total revenue of $23.23 billion in the first quarter of 2022, higher than $22.82 billion in the prior year. The revenue was higher than estimates…
Bank of America’s Q4 2021 Net Income Jumps 28%, Beating Estimates
(BoA) Bank of America posted a $7.01 billion net income or $0.82 per share in the fourth quarter of 2021, up 28% from the prior year and more than expected…
Crypto’s $2.15T Market Cap “Too Large to Ignore.” — BofA
(BofA) The Bank of America maintains a bullish outlook on the long-term cryptocurrency prospect, warning that it is difficult to ignore the $2.15-trillion market cap. BofA says the digital asset…
Key Benefits BofA Cite in El Salvador’s Bitcoin Bill Amid Criticisms
(Cryptoslate) The Bank of America is supporting El Salvador’s Bitcoin bill that aims to make the digital currency a legal tender by noting key benefits in the move. BofA says…
BofA Takes Employees’ Affairs a Notch Higher with Minimum Wage Increment to $25
Bank of America will increase hourly minimum wage to $25 by 2025 for its American employees, according to CNN Business. The bank aims to maintain “a great standard of living”…
BofA Profit More than Doubles YOY on Trading Strengths and Reserve Release
Bank of American reported a net income of $8.1 billion in the first quarter of 2021, up from $4.0 billion in the comparable quarter of 2020, according to the company’s…