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Consumer Banking

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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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...

11/30/16 12:00 pm EST

Bank of America today celebrated the grand opening of its newly renovated Stanford financial center located at 3000 El Camino Real. 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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10/13/16 11:01 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that for 18- to 26-year-olds in Columbia, the definition of adulthood has changed: it is less about age and more about financial independence. In fact, 49 percent did not feel like adults when they turned 18.

When asked to define adulthood, this age group, which includes the youngest millennials, as well as the oldest members of Generation Z, responded “working or having a full time job” as the top answer. Additionally more...

10/11/16 11:28 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that 18- to 26-year-olds in Seattle-Tacoma are notably self-sufficient when it comes to their finances. In fact, they are taking on more financial responsibilities than their peers around the country, and more are saving for retirement than in any of the 11 markets surveyed.

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10/11/16 11:23 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that for more than half (54 percent) of 18- to 26-year-olds in the Charlotte area, 18 is no longer the mark of adulthood. When asked to define adulthood, this age group, which includes the youngest millennials as well as the oldest members of Generation Z, responded with “financial independence” as the top answer. Additionally: more...

10/11/16 11:05 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that 18- to 26-year-olds in Ohio plan to vote with their pocketbooks in the upcoming presidential election. According to the report, which surveyed the youngest millennials and the oldest of Generation Z, the majority say that economic issues (68 percent) are more important to them than social issues (32 percent) in how they vote. Specifically:

  • When asked which issues matter most, job growth/unemployment (33 more...

10/11/16 11:05 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that 18- to 26-year-olds in the Philadelphia-Wilmington area are much more likely to be living at home with their parents than their peers across the country. Seventy-six percent are still living at home, while only 52 percent nationally are doing so.

In general, the group surveyed, which includes the youngest millennials as well as the oldest members of Generation Z, appears to need significant financial support. more...

10/11/16 11:00 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that while 18- to 26-year-olds in the Phoenix region still rely on their parents financially, most say they are saving and feeling optimistic about what lies ahead.

Many of those surveyed, which includes the youngest millennials as well as the oldest members of Generation Z, still lean on others for financial support. Specifically:

  • Less than half – 48 percent – pay their own cell phone bills.

  • Forty-six percent still live more...

10/11/16 11:00 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that 18- to 26-year-olds in the Raleigh-Durham area are notably good at saving but having trouble making ends meet on their own right now.

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10/11/16 11:00 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that for 18- to 26-year-olds in the San Francisco area, the definition of adulthood has changed: it is less about age and more about financial independence. In fact, 75 percent did not feel like adults when they turned 18. For a quarter, adulthood does not officially begin until at least age 25.

When asked to define adulthood, this age group, which includes the youngest millennials as well as the oldest members of more...

10/11/16 9:00 am EDT

Hispanic consumers are significantly more likely to engage with mobile to manage their finances, with 78 percent using a mobile banking app, compared to approximately half (51 percent) of non-Hispanics. What’s more, nearly three-quarters (69 percent) of the Hispanic community cite digital as their primary method of banking.

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10/6/16 9:00 am EDT

A new Bank of America/USA TODAY Better Money Habits® Report released today finds that for young Americans, the definition of adulthood has changed: it is less about age and more about financial independence. According to the report, which surveyed 18- to 26-year-olds across the country, most young people (62 percent) do not feel like adults when they turn 18.

For this age group, which includes younger millennials as well as older members of Generation Z, adulthood is less about age and more more...

9/8/16 1:41 pm EDT

Bank of America has announced the launch of its new Real Estate Center, a comprehensive online education center for homebuyers and sellers that provides simple ways to transition from homebuying preparation to home shopping and purchasing.

“The Bank of America Real Estate Center is built to be intuitive, putting critical information at both prospective buyers’ and existing homeowners’ fingertips and helping them stay connected with experts every step of the way,” said D. Steve Boland, Bank of more...

9/6/16 5:00 am EDT

Allegiant and Bank of America today announced a new relationship to launch the Allegiant World MasterCard® issued by Bank of America. The new card is available effective immediately.

This is Allegiant’s first credit card program, and it will allow cardholders to earn three points per dollar on Allegiant purchases, two points per dollar on qualifying dining purchases, and one point per dollar on all other purchases. Points always keep their full value and can be redeemed at Allegiant.com for more...

7/21/16 9:00 am EDT

Bank of America today announced a comprehensive redesign of its award-winning mobile app that includes easier navigation and the ability to set the language to Spanish, in addition to other features that make it easier for customers to control their finances from the palm of their hand.

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