Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25 [Fortune]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: Fortune
The starting salary will be more than $50,000, it added. The decisions fulfill a “25 by 2025” commitment made in 2021 and positions the financial giant at the forefront of American corporate wage policy, reinforcing its long-standing reputation as a leader in minimum pay for hourly employees across the nation. This latest adjustment brings Bank of America's minimum wage up nearly 67% since 2017, when its base hourly rate was $15. Prior to this change, the bank's minimum wage stood at $24 per hour—a rate set just last year—illustrating the company's steady dedication to raising worker compensation. For full-time employees, this new wage translates into an annual salary exceeding $50,000, compared to less than $30,000 just eight years ago. The increase impacts thousands of employees nationwide, encompassing both full-time and part-time staff. Sheri Bronstein, Bank of America's chief people officer, emphasized the enhanced starting salary is designed as a launchpad for long-term, sus
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- Bank of America: The NII Trough May Be A Turning Point [Seeking Alpha]Seeking Alpha
- Trump just declared Christmas Eve a national holiday. Here's what's open and closed? [Fortune]Fortune
- Bank employee accused of stealing more than $500,000 from woman with disabilities, South Florida officials say [CBS News]CBS News
- Data centers in space will be ‘front and center' for investors in next 12-24 months: BofA's Obin [CNBC]CNBC
- This is a ‘very, very impressive' GDP report, says BofA Securities's Aditya Bhave [CNBC]CNBC
BAC
Earnings
- 10/15/25 - Beat
BAC
Sec Filings
- 12/22/25 - Form 424B2
- 12/22/25 - Form 424B2
- 12/22/25 - Form FWP
- BAC's page on the SEC website