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12/2/16 9:00 am EST

The majority (80 percent) of today’s Chicago labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 77 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (75 percent) of today’s Orange County labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. In contrast, 64 percent of area retirees said they are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (78 percent) of today’s Dallas area labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 60 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (73 percent) of today’s Los Angeles-area labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 77 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (80 percent) of today’s New Jersey labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. In contrast, 89 percent of area retirees said they are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (82 percent) of today’s Phoenix labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 68 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (78 percent) of today’s San Francisco labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 80 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (80 percent) of today’s South Florida labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 78 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

Younger generations may never experience retirement as it’s defined today, according to the latest Merrill Edge® Report. The majority (83 percent) of millennials plan to work in retirement, whether for income, to keep busy or to pursue a passion, which is a complete inverse of the 83 percent of today’s retirees who are not currently working or never have during their golden years. more...

11/23/16 12:04 pm EST

Following an annual review in accordance with its rules, the target constituent weights for the BofA Merrill Lynch Commodity Index eXtra (MLCX) will rebalance to the values shown in Table 1 below on December 31, 2016. Similar changes will propagate across the MLCX sub-indices.

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11/17/16 9:00 am EST

As 401(k) plan engagement continues to rise, new data from Bank of America Merrill Lynch shows how plan design can be critical to encouraging positive savings behaviors, especially among millennial participants. According to the latest Plan Wellness Scorecard1, 24 percent more employees are enrolled and contributing to their company’s retirement savings plan in the first half of 2016 compared to last year, and millennial participants (ages 21–34) generated more contribution rate increase more...

11/7/16 9:00 am EST

Bank of America Chief Operating Officer Tom Montag will welcome attendees to the Bank of America Merrill Lynch Future of Financials 2016 Conference on Tuesday, November 15 at 8 a.m. Eastern Time in New York.

A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available.

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10/25/16 9:00 am EDT

Most wealthy individuals believe charitable giving (45 percent) and volunteering (31 percent) have the greatest potential for positive impact on society –far more so than voting for (13 percent) or contributing to (1 percent) a political candidate who shares their ideals on topics important to them – according to the 2016 U.S. Trust® Study of High Net Worth Philanthropy. more...

10/6/16 12:00 pm EDT

Bank of America today announced that John Thiel, current head of Merrill Lynch Wealth Management, has decided to step down from his position and will take on a new role as vice chairman of Global Wealth and Investment Management (GWIM), effective January 1, 2017.

Andy Sieg, current head of the company’s Global Wealth and Retirement Solutions division, will succeed Thiel as head of Merrill Lynch Wealth Management, effective January 1, more...

6/9/16 8:30 am EDT

Companies are embracing and promoting a culture that supports the financial well-being of their workers, as employees responded with increasing enrollment, participation and contributions over the last year, according to data released today from the Bank of America Merrill Lynch Plan Wellness Scorecard.1 Last year, total contributions increased by 14 percent, and the number of employees with balances grew 16 percent. A trend, the number of employees who took a positive savings action, either more...

6/8/16 3:27 pm EDT

Bank of America Merrill Lynch today announced the launch of a new electronic platform, Instinct® Loans, for the secondary trading of syndicated corporate loans. The platform, which is part of the firm’s ongoing commitment to providing liquidity to clients, strives to simplify and enhance the market by combining innovative technology with market-leading sales and trading professionals.

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6/2/16 9:00 am EDT

Merrill Edge has been recognized in five recent industry reviews, highlighting its excellence in customer service and educational resources, in addition to being named as one of the top online brokers by Barron’s.

“We’re honored to be recognized by these prestigious organizations, and we are proud of our growth in these rankings year-over-year,” said Aron Levine, head of Merrill Edge at Bank of America. “These annual awards are a great indicator of our ability to provide our clients with the more...

5/12/16 9:00 am EDT

A new Merrill Lynch study finds that as the baby boomer generation retires en masse to enjoy newfound freedom of time and activities, an estimated 2.5 trillion hours1 of leisure time will be created among the 65+ population over the next two decades. For the first time in the U.S., more people are in the “time affluent” stage (age 65+) of their life than the “time constrained” stage (ages 35–44). This “leisure boom” will have an unprecedented more...

4/18/16 9:00 am EDT

Millennials’ perspective on their later years and how to get there hints at a possible redefining of retirement, according to the latest Merrill Edge® Report. Nearly half (41 percent) of the generation surveyed expects to retire when they hit a certain financial milestone or savings goal, whereas their older counterparts are focused on leaving the workforce when they hit a certain age or can no longer work due to health concerns. more...

4/15/16 9:00 am EDT

Three-quarters of wealthy families fail to discuss money and inheritance in ways that avoid misunderstandings and unintended consequences, according to the findings of a nationwide survey published today by Merrill Lynch’s Private Banking and Investment Group.

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4/13/16 9:00 am EDT

A study released today shows that compared to 2013, American workers’ stress about their finances has increased, while confidence in their financial futures has decreased. The latest Bank of America Merrill Lynch Workplace Benefits Report points to employers’ continued adoption of programs that promote financial wellness as a potential key to turning these negative trends around. Eighty-three percent of employees today cite workplace more...

1/20/16 8:30 am EST

With increasing concern over China’s growth, investors are significantly less confident in the global economic outlook, according to the BofA Merrill Lynch Fund Manager Survey for January. Allocations to equities have fallen sharply, while cash holdings have risen.

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1/6/16 9:00 am EST

Bank of America Merrill Lynch Global Transaction Services (GTS) has today announced the launch of automated U.S. dollar cross-border cash pooling services for corporations operating in the Shanghai Free Trade Zone. ZF TRW, a division of ZF Friedrichshafen, manufacturers of automobile safety systems, has implemented the working capital solution and is serving as the pilot client for this innovative service.

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12/15/15 8:30 am EST

A majority (58 percent) of global investors expect the U.S. Federal Reserve (Fed) to raise rates three times or more in the coming 12 months, according to the BofA Merrill Lynch Fund Manager Survey for December.

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12/11/15 10:00 am EST

Following an annual review in accordance with its rules, the target constituent weights for the BofA Merrill Lynch Commodity Index eXtra (MLCX) will rebalance to the values shown in Table 1 below on December 31, 2015. Similar changes will propagate across the MLCX sub-indices.

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