Bank of America (BAC) Stock News

Bank of America (NYSE: BAC), Visa, and Street Soccer USA announced a major initiative to expand soccer accessibility across the United States by developing six community parks. The first Visa Street Soccer Park opened in San Francisco in June 2025, with additional locations planned in Denver, Kansas City, New York City, Nashville, and Atlanta throughout 2025. Each park will feature two professional-grade Bank of America fields with lighting, digital scoreboards, learning centers, and spectator areas. Beyond sports facilities, these parks will serve as community hubs offering youth and adult leagues, after-school academic support, and job readiness training, aiming to foster community engagement and youth development ahead of major soccer events in North America.

Visa, Street Soccer USA (SSUSA), and Bank of America have announced a collaborative initiative to expand soccer accessibility across the United States by establishing Visa Street Soccer Parks in six major cities. The first park opened in San Francisco on June 10, 2025, with subsequent locations planned in Denver, Kansas City, New York City, Nashville, and Atlanta throughout 2025. Each facility will feature two professional-grade Bank of America fields with lighting, digital scoreboards, learning centers, and spectator areas. The parks will serve as community hubs offering youth and adult leagues, after-school academic support, and job readiness training. This initiative aims to foster youth development and strengthen community ties through sports, particularly as the U.S. approaches a significant year for soccer in 2026.

Bank of America has successfully implemented The Clearing House's increased transaction limit for real-time payments from $1M to $10M, becoming one of the first banks to offer this enhanced capability to corporate clients. In the first six weeks since implementation, transactions over $1M now represent more than 50% of all U.S. real-time payment values processed by BofA. The RTP network operates 24/7, provides instant settlement, transaction transparency, and uses ISO 20022 standards. This upgrade enables new use cases including real estate transactions, deal closings, and just-in-time supplier payments. Bank of America, serving 94% of Fortune 500 and 73% of Global Fortune 500 companies, offers this service alongside its comprehensive payment solutions including commercial card, ACH, wire, and transactional FX solutions.

The 2025 Boston Marathon, presented by Bank of America (BAC), achieved a record-breaking $50.4 million in charitable fundraising, surpassing the previous year's record of $45.7 million. The funds were raised through 176 non-profit organizations participating in the Bank of America Boston Marathon Official Charity Program, which represents about 10% of the marathon's field size. The Boston Marathon Giving Day on March 20 contributed $1.87 million to the total. The B.A.A. Gives Back Marathon Team raised over $384,000 for youth and community programming, while the new B.A.A. Climate Crew team generated $83,000 for sustainability initiatives. Since the charity program's inception in 1989, total fundraising has exceeded $600 million.

Bank of America's latest Homebuyer Insights Report reveals that 60% of homeowners and prospective buyers are uncertain about the housing market, marking a three-year high (up from 48% two years ago). Despite this uncertainty, 52% of prospective buyers believe the market is better than last year, with 75% waiting for lower prices and interest rates before purchasing. The report highlights that Gen Z buyers are taking creative approaches to homeownership, with 30% taking extra jobs for down payments and 22% buying with siblings. Weather concerns are significantly impacting housing decisions, with 62% worried about severe weather impacts and 38% changing preferred locations due to weather risks. The survey, conducted between March-April 2025, included 2,000 respondents and has a margin of error of ±2.2%.

Bank of America (NYSE: BAC) has announced the redemption of CHF 375 million (Swiss Francs) of its 0.2525% Senior Notes, originally due June 12, 2026. The redemption will take place on June 12, 2025, with the redemption price set at CHF 5,000 per CHF 5,000 Calculation Amount, plus accrued and unpaid interest. The Notes were issued under BAC's U.S. $65 billion Euro Medium-Term Note Program.

The last trading day for these Notes on the SIX Swiss Exchange will be June 10, 2025. UBS AG, which succeeded Credit Suisse AG, will serve as the Principal Swiss Paying Agent for the Notes. The redemption payment will be processed through SIX SIS AG procedures.

Bank of America's CashPro® digital banking platform has seen a 60% increase in QR sign-in adoption over the past year, surpassing two million uses. The platform, which serves over 40,000 corporate and commercial clients globally, introduced QR code authentication in 2022 to enhance security and user experience. The technology eliminates the need for passwords and physical tokens by utilizing mobile phone scanning and biometric authentication. European clients show the highest adoption rate, using the feature more than twice as frequently as other regions. CashPro has received notable recognition, including the top position in Crisil Coalition Greenwich's 2024 Digital Transformation Benchmarking study and multiple awards from Treasury Management International in 2025 for innovation and excellence.

Bank of America (BAC) announced enhanced cash back rewards for new credit cardholders starting June 1, 2025. New Customized Cash Rewards cardholders will earn 6% cash back (up from 3%) in their chosen category during the first year, with categories including gas, online shopping, dining, travel, drug stores, and home improvement. New Unlimited Cash Rewards cardholders will receive 2% cash back (up from 1.5%) on all purchases during the first year. Both cards offer a $200 welcome bonus after spending $1,000 in the first 90 days. The Customized Cash Rewards card maintains its 2% cash back at grocery stores and wholesale clubs, with a quarterly spending cap of $2,500 for combined choice category and grocery/wholesale purchases.

Bank of America (NYSE: BAC) has appointed Paul Keifer as the new president of its Grand Rapids operations, succeeding Renee Tabben, who will continue as Merrill market executive. Keifer, previously serving as Corporate Social Responsibility Operations and Strategic Partnerships senior manager, will oversee the bank's market share growth initiatives and connect clients across eight business lines.

Keifer, who joined BofA in Detroit in 2010, leads the Operations and Strategic Partnerships team managing the company's $15 billion Community Homeownership Commitment. A Michigan native and Crain's Grand Rapids 40 Under 40 honoree, he serves on multiple community boards and chairs the Northeast Board of Governors for the National Association of Hispanic Real Estate Professionals.