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5/11/17 9:00 am EDT

It appears Americans have run out of excuses for not paying their friends back in a timely manner, whether it’s for a $5 latte or $2,500 vacation. A new survey released today finds 36 percent of adults currently use a person-to-person payments service (P2P), with millennials leading the charge at nearly double that rate (62 percent). What’s more, 45 percent of non-users say they plan to start using the service within the next year, foreshadowing more...

4/12/17 9:00 am EDT

Boston homeowners are increasingly investing in their homes, as 78 percent look for ways to make it more valuable, and 59 percent spend a lot of free time working on their home.

Still, fewer than one in four experienced buyers in the Boston area say a home’s true value is determined by how much it cost to purchase, according to the second annual Bank of America Homebuyer Insights Report. This is fewer than homeowners nationally (33 percent) and any of the 10 markets surveyed. more...

4/12/17 9:00 am EDT

For experienced buyers in the Charlotte metro area, their current home may be their forever home, according to the second annual Bank of America Homebuyer Insights Report. Seventy-nine percent of local homeowners say they could stay in their current home for the rest of their lives, higher than any of 10 markets surveyed. As such, these experienced buyers show clear sentimental ties to their property: nearly all are proud of owning their home (94 percent) and treasure the memories they have more...

4/12/17 9:00 am EDT

For experienced buyers in the Chicago metro area, homeownership has clear sentimental value, according to the second annual Bank of America Homebuyer Insights Report. Nearly all (97 percent) Chicago homeowners say they are proud of owning their home, higher than any of the 10 local markets surveyed. Additionally, 92 percent say they treasure the memories they have made in their home, and 79 percent say their home is an extension of their personality. more...

4/12/17 9:00 am EDT

When thinking about homeownership, experienced buyers in the Dallas-Fort Worth metro area overwhelmingly see its positive long-term impacts, according to the second annual Bank of America Homebuyer Insights Report. Compared to the national average (84 percent) and 10 markets surveyed, Dallas homeowners (90 percent) were most likely to say homeownership will have a positive impact on their long-term financial picture.

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4/12/17 9:00 am EDT

Denver-area homeowners see value in buying early, even if that means putting their dream home on hold for now, according to the second annual Bank of America Homebuyer Insights Report. Forty-six percent of experienced local buyers say their current home is a stepping stone to their forever home, which is more than the national average (36 percent) and any of the 10 local markets surveyed. When sharing advice on the homebuying experience, nearly one in three Denver owners say buy a home sooner more...

4/12/17 9:00 am EDT

Many aspiring buyers in the Houston metro area are looking to become solo homeowners, according to the second annual Bank of America Homebuyer Insights Report. Forty percent plan to buy their first home by themselves instead of with family or a spouse, which is more than those nationally (27 percent) and any of the 10 local markets surveyed.

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4/12/17 9:00 am EDT

First-time buyers in the Miami metro area place a significant emphasis on saving and see homeownership on the horizon, according to the second annual Bank of America Homebuyer Insights Report. Nearly three-quarters of aspiring buyers in the area cite saving for a home as a major priority, ahead of improving credit scores (71 percent) and saving for retirement (66 percent). This is more than the national average (45 percent) and higher than any of the 10 local markets surveyed. more...

4/12/17 9:00 am EDT

While they prepare for their first home purchase, many prospective buyers in the New York metro area are living with mom and dad, according to the second annual Bank of America Homebuyer Insights Report. One-third of aspiring buyers currently live with their parents, more than any of the 10 markets surveyed. Despite this, when thinking ahead to their first home, having the financial means (53 percent) outweighs wanting a place to call their own (38 percent) as their top influence to purchase. more...

4/12/17 9:00 am EDT

Experienced buyers in the Phoenix metro area are more likely to view their home as a financial asset rather than an element of their personality, according to the second annual Bank of America Homebuyer Insights Report. When asked how to best describe their current home, more local homeowners (49 percent) than those nationally (36 percent) and any of the 10 markets surveyed said a financial investment. Fewer than three in 10 said a reflection of their personality. more...

4/12/17 9:00 am EDT

For St. Louis-area homeowners, family plays a major role in the homebuying decision, according to the second annual Bank of America Homebuyer Insights Report. Compared to the national average (35 percent) and all other markets surveyed, St. Louis homeowners (51 percent) purchased their first home for familial reasons, including marriage and children. Additionally, 59 percent of experienced buyers in St. Louis associate homeownership as family, higher than any of the 10 local markets surveyed. more...

4/12/17 9:00 am EDT

Forward-thinking millennials are buying homes – and they are happy about it. While “dreamers” reported last year that they wanted to skip the starter home, Bank of America’s second annual Homebuyer Insights Report revealed that millennials who have taken the plunge into homeownership are buying the house they can afford now and looking ahead to their ideal home in the future. In fact, a large majority (68 percent) of millennial homeowners more...

4/3/17 9:00 am EDT

Bank of America today announced plans to open its first financial center in Indianapolis, offering retail banking services to its existing clients in the area. The company signed a lease for a space in Cummins Office Tower at 301 E. Market Street. The downtown Indianapolis financial center will open in late 2017, with multiple financial centers and standalone ATMs scheduled to open over the next several years.

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2/22/17 9:30 am EST

Bank of America today introduced industry-leading person-to-person technology to its award-winning mobile platform, as part of its broader strategy to propel the industry into the next generation of digital banking services.

“As one of the first banks to offer mobile banking a decade ago, we’re excited to usher in a new era of high-tech, high-touch banking,” said Michelle Moore, head of Digital Banking at Bank of America. “In 2017, you’ll see a strong focus on payments and intelligent solutions more...

1/12/17 9:00 am EST

Bank of America today announced that Merrill Edge has been designated a top online stock broker for 2017 by NerdWallet, as part of the personal finance site’s 2017 “Best-of Awards” program for investing. The online brokerage was lauded for its stock trading services and ranked as one of two investment firms for the best in the “Research” category.

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1/12/17 9:00 am EST

Bank of America today announced that Merrill Edge online brokerage received two “Gold Monitor Awards” and three “Silver Monitor Awards” in Corporate Insight’s 2016 e-Monitor Awards Report. The recognitions highlight Merrill Edge’s digital offerings, as well as the value and service provided to their customers.

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12/14/16 2:00 pm EST

Bank of America today celebrated the grand opening of its new Hayward financial center located at 1253 A Street. Much more than a bank branch, the new financial center is a destination for clients to connect to all of Bank of America’s financial services, personalized solutions and expertise needed to help them with their financial decisions. 

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12/13/16 9:00 am EST

Bank of America today unveiled a series of updates to its award-winning mobile platform, including a financial wellness tool, to further personalize the customer experience.

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12/2/16 9:00 am EST

The majority (74 percent) of today’s Atlanta 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 90 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 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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