Awards & recognition

Barron’s named 286 Merrill advisors to its Top 1,200 Financial Advisors 2024 list. This list ranked the advisors by state and Merrill had the most advisors listed. Additionally, 12 Merrill advisors were recognized as No. 1 advisor in their state. The list was published on March 8, 2024 and the rankings are based on data as of September 30, 2023.

For the 19th consecutive year, Merrill had more honorees on the Barron’s annual Top 100 Women Financial Advisors list than any other company. This year, Merrill had 17 financial advisors and five private wealth advisors, for a total of 22 Merrill advisors who achieved this recognition. The top ranking continues to demonstrate the depth of talent and industry leadership. List published on July 19, 2024. Rankings are based on data as of March 31, 2024.

Bank of America received top scores in the annual Coalition Greenwich Digital Transformation Benchmarking Study in recognition of ongoing enhancement to our CashPro® platform. This marks the second consecutive year our company received the No. 1 score in the Digital Channels category, with additional No. 1 scores in the subcategories of mobile capabilities and online portal.

For the fourth consecutive year, Bank of America was named a Greenwich Share Leader and ranked No. 1 for U.S. Large Corporate Banking Market Penetration, recognizing our robust market leadership. Bank of America also received Greenwich Excellence Awards for U.S. Large Corporate Banking in seven categories, including sole winner for Overall Digital Experience, and for European Large Corporate Banking in five categories.

Bank of America ranked #16 on the Dave Thomas Foundation for Adoption’s 100 Best Adoption-Friendly Workplaces list. The Foundation partnered with RTI International to survey employers across the United States and score participants based on three criteria:

• Financial reimbursement (45%)
• Paid leave (45%)
• Percentage of employees eligible for those benefits (10%)

EMEA Finance magazine recognized Bank of America at its Middle East Banking Awards program with the award for Best Mergers & Acquisitions House – United Arab Emirates – 2023. 

Bank of America won house awards for Best Equity House in Europe and Best M&A House in EMEA in the 2023 EMEA Finance Achievement Awards. In addition, the bank received 11 separate deal awards for various deals for EMEA, Europe and the Middle East.

Bank of America was recognized in the EMEA Finance Achievement Awards – Debt Capital Markets with multiple awards, including Best Bond House in Europe: BofA Securities, Best Green Bond in EMEA, Best Blue Bond, and for best bonds in seven other categories.

Euromoney magazine recognized Bank of America as World’s Best Bank for Markets and World’s Best Bank for Trade Finance, in addition to 17 regional and country awards. The honor was announced at Euromoney’s Awards for Excellence gala in London, an annual event that recognizes outstanding leadership in financial services.

Euromoney recognized Bank of America as the World’s Best Bank for Foreign Exchange (FX) Payments as part of its FX Awards 2024 program. Our global platform, extensive payment services and proprietary network were noted by Euromoney as key elements helping Bank of America stand out among its peers. We offer FX services in over 230 countries and transactions in more than 145 currencies. 

In its 2024 EMEA Equity Research rankings, Extel (formerly Institutional Investor) named our EMEA Equity Research team No. 1 in three regional surveys: Developed Europe Research Provider, Emerging EMEA Research Provider and Corporate Access Provider. Widely viewed as a benchmark for excellence in research, the recognition highlights the quality and quantity of our research content in Europe, the Middle East and Africa.

BofA Global Research ranked No. 2 overall in the 2024 Extel (formerly Institutional Investor) All-America Research Team rankings, a global survey of U.S. equity investors, securing 44 ranked positions. With nine No. 1 sector rankings and 21 positions in the top three, the recognition highlights our commitment to providing original, anticipatory investment ideas for our institutional and private clients.

Bank of America Private Bank was recognized in the 2024 Family Wealth Report Awards, winning in the categories of Best National Private Bank and Best Family Office Solution. The judging process for awards is conducted by expert panels and consist of judges from family offices, private banks, trusted advisers, consultants and other service providers each of whom has in-depth knowledge and a broad experience.

Bank of America Private Bank was recognized in the 2024 Family Wealth Report Awards, winning in the categories of Best National Private Bank and Best Family Office Solution. The judging process for awards is conducted by expert panels and consist of judges from family offices, private banks, trusted advisers, consultants and other service providers each of whom has in-depth knowledge and a broad experience.

Forbes, in partnership with SHOOK Research, released its second annual ranking of Best-In-State Wealth Management Teams on January 9, 2024. The list features more than 4,100 teams with cumulative assets of $5.1 trillion. This year, Merrill had the most teams of any firm represented on the 2024 Best-In-State Wealth Management Teams list, which recognized 1,412 teams and 3,906 team members. Rankings are based on data as of March 31, 2023.

Forbes, in partnership with Shook Research, named 25 Merrill advisors to the 2024 Top Women Wealth Advisors list and recognized 409 Merrill advisors  on the Top Women Wealth Advisors Best-in-State list. Merrill had the most advisors listed on both lists. These lists published on February 8, 2024. Rankings based on data as of September 30, 2023.

Forbes, in partnership with SHOOK Research, named a total of 1,962 Merrill advisors to the 2024 Forbes “Best-in-State Wealth Advisors” ranking and 57 of those Merrill advisors to the “America’s Top Wealth Advisors” ranking. Both lists published on April 3, 2024, and rankings are based on data as of June 30, 2024.

Forbes named 32 Merrill advisors to “America’s Top Next-Generation Wealth Advisors” and 371 Merrill advisors to “Top Next-Generation Wealth Advisors Best-in-State.” Merrill ranked No. 1 on both lists. Additionally, Merrill had 16 advisors recognized as No. 1 in State. These lists published on August 8, 2024. Rankings based on data as of March 31, 2024.

Bank of America was recognized by Forbes on its World’s Top Companies for Women list. The list assesses companies on employer brand, public opinion and leadership scores.

Forbes named Bank of America to its America’s Best Employers for Veterans list. The list recognizes companies that are creating workplaces where former and current members of the military can successfully transition and thrive.

Forbes released its third annual ranking of America’s Top Wealth Management Teams, recognizing more than 60 Merrill teams. Merrill had the most teams listed for the third consecutive year on the “America’s Top Wealth Management Teams High Net Worth” list, with 34 teams out of 100 on the full list. In addition, 27 teams out of 100 on the full list ranked on the “America’s Top Wealth Management Teams Private Wealth” list.

Bank of America ranked No. 10 on Forbes’ inaugural America’s Dream Employers list, the highest-ranking company in the Banking & Financial Services industry. The list was developed by surveying more than 10,000 college students in the U.S. and more than 140,000 U.S.-based employees at companies across sectors that employ at least 1,000 people. 

Bank of America was once again recognized on Fortune’s World’s Most Admired Companies list and ranked No. 1 in the Financials-Megabanks industry which is up from our No. 5 spot in 2023. This is based on a survey in collaboration with Korn Ferry of approximately 3,720 executives, directors and securities analysts.

Fortune recognized Bank of America as one of its 2024 Blue Ribbon Companies. Bank of America appeared on four Fortune lists in 2023, including the Fortune 500, Fortune Global 500, 100 Best Companies to Work For and World’s Most Admired Companies. Blue Ribbon companies have appeared on at least four of Fortune’s nine most rigorous rankings.

Bank of America climbs 30 spots on Fortune’s “100 Best Companies to Work For” list  to No. 33 in this year’s ranking. This is our sixth consecutive appearance on the list and reflects our continued efforts to drive Responsible Growth and make our company a Great Place to Work. Managed by the Great Place to Work Institute, Fortune’s “100 Best Companies to Work For” list evaluates U.S. companies’ workforce practices based on both employee and employer feedback.

Fortune named Bank of America No. 8 on its Best Workplaces in Financial Services and Insurance in 2024 list — up nine places from 2023. The recognition reflects our continued efforts to make Bank of America a Great Place to Work.

Bank of America was named one of Fortune’s 2024 Best Workplaces for Women. This recognition reflects our company’s culture of caring to support teammates through every stage of their life and career by providing meaningful development opportunities and inclusive programs and benefits.

Fortune named CEO Brian Moynihan to its inaugural Fortune 100 Most Powerful People in Business list, which includes leaders from around the world. Individuals on the list were assessed based on their ability to wield influence, societal impact and other accomplishments throughout their career. 

Fortune named Bank of America to its Best Workplaces for Parents list. The recognition highlights top companies for parents that are more likely to provide paid leave, childcare support and flexible work arrangements. 

Global Capital named Bank of America the Best U.S. Private Placement Agent in the 2023 Syndicated Loan Awards. Bank of America was also recognized as the Private Placement Bookrunner on several deals that won Deal of the Year recognition.

Global Finance named Bank of America CLO Research Firm of the Year and Most Innovative Deal of the Year (brought forward the market the  most): Silverstone 2023-1 – ‘Stock & Drop’ in its 2024 European Securitization Awards. Nominees were selected by the market in October and opened to a market vote in December to select the winners. Over 45,000 individual votes were cast, resulting in over 140 nominees and more than 50 winners.

Global Capital named Bank of America Equity Capital Markets Bank of the Year, Equity Capital Markets Bank of the Year in UK and Ireland, Equity Capital Markets Deal of the Year, and Outstanding Equity Capital Markets Deal of 2023 in the Equity Capital Markets and M&A Awards.

Bank of America won Securitization Bank of the Year and CLO Trading Desk of the Year in Global Capital’s 2024 U.S. Securitization Awards. 

Global Capital named Bank of America Equity Capital Markets Bank of the Year, Equity Capital Markets Bank of the Year in UK and Ireland, Equity Capital Markets Deal of the Year, and Outstanding Equity Capital Markets Deal of 2023 in the Equity Capital Markets and M&A Awards.

For the third year in a row, Bank of America was recognized as Americas Derivatives House of the Year. Our company was also recognized in the following categories:

• Americas Equity Derivatives House of the Year
• Americas Commodity Derivatives Bank of the Year 
• Americas Research and Strategy House of the Year
• Americas Derivatives Clearing Bank of the Year

Bank of America was named the Best Bank in the US for Sustainable Finance by Global Finance Magazine in its 2024 Sustainable Finance Awards. The results for country-specific awards were determined by the editorial team’s research using the criteria of governance policies and goals, achievements in environmental and social sustainability financing, industry leadership and third-party assessments.

Global Finance awarded Bank of America as the global winner of Best Equity Bank and Best Debt Bank, as part of the 2024 World’s Best Investment Banks Awards.

Global Finance recognized Bank of America with multiple awards in the Best Treasury & Cash Management Awards 2024, including:

• Best Bank for Payments in Western Europe
• Best Bank for Collections in Western Europe

Bank of America was named Best Consumer Digital Bank — United States by Global Finance. The bank also earned awards in the North America regional subcategory for Best Integrated Consumer Banking Site, Best Online Product Offerings and Best User Experience (UX) Design, and was named the Best Corporate/Institutional Digital Bank in the UK and the Best Corporate/Institutional Digital Bank for Innovation in the UK.

The Private Bank was recognized with multiple Global Finance Private Bank Awards including:

• Best Private Bank (U.S.) for the second year in a row
• Best Private Bank for Philanthropic Services (Global) for the second year in a row
• Best Private Bank for Family Office Services (Global)
• Best Private Bank for Sustainable Investing (North America) for the second year in a row

BofA Global Equity Research ranked no. 1 across 182 categories in Institutional Investor’s 2023 global survey of the top equity research firms. The top ranking is the result of our team’s commitment to providing original, anticipatory investment ideas for our institutional and private clients. BofA Global Research also upheld the No. 2 ranking on Institutional Investor’s 2023 Top Research Firms list with a total of 286 positions for the second year in a row. 

Institutional Investor ranked BofA Securities as No. 1 in multiple categories, including Developed Europe Research Provider, Emerging EMEA Research Provider and Corporate Access Provider in its 2024 Equity Research survey. Recognized globally as a benchmark for excellence in research, these rankings underscore the depth and breadth of our products and the effective relationships we have forged with our global clients. 

Bank of America ranked No. 3 for overall satisfaction in the J.D. Power 2024 U.S. Merchant Services Satisfaction Study. For the results, J.D. Power surveyed more than 5,300 small business customers nationwide about their primary payment providers. We earned No. 1 or No. 2 spots in nearly all brand image attributes, including being proactive and financially stable, as well as having a good reputation and innovative technology. 

Based on client feedback and an assessment of our financial health framework, Bank of America earned the 2024 J.D. Power Financial Health Support certification for outstanding client satisfaction with financial health support among banks and credit card issuers, for the third year in a row. This certification recognizes our exceptional client experience grounded in financial wellness and our commitment to championing a healthy and secure financial future for our clients. 

For an unprecedented 20th year in a row, our Retirement & Benefits Contact Center — which provides support to our Workplace Benefits clients — has been certified by global marketing firm J.D. Power for providing “an outstanding customer service experience,” remaining the only contact center from any industry to earn this certification each year since the program launched in 2004.

Bank of America ranked No. 2 on JUST Capital’s 2024 rankings of America’s Most JUST Companies. Bank of America was also ranked No. 1 in four subcategories: Overall for Workers; In Banks; For Workers in Banks; and For Environment in Banks. The rankings measure how the nation’s largest corporations are performing on the issues that matter most, including creating jobs in the U.S., paying a living wage, providing employee benefits and more.

Bank of America earned the No. 1 spot in JUST Capital’s Top Companies for Workers ranking in recognition of our diverse and inclusive workplace, competitive pay, industry-leading benefits and development programs. 

Newsweek recognized Bank of America as one of America’s Greenest Companies with a 5-star rating. The ranking is based on publicly available information and market data research from Plant-A Insights and GIST Impact on GHG emissions, water usage, water generation, and sustainability data disclosure and commitments.

Newsweek recognized Bank of America on its America’s Most Responsible Companies list. The ranking focuses on a holistic view of corporate responsibility that considers all three pillars of CSR (Corporate Social Responsibility): Environment, Social and corporate Governance (ESG).

The Private Bank was recognized by Professional Wealth Management at the annual Global Private Banking Awards in multiple categories including:

• Best Private Bank in North America for Family Offices
• Best Private Bank in North America for Philanthropy Services
• Best Private Bank in North America for the Next Generation

The Private Bank also received a “highly commended” mention for the Best Private Bank in the U.S. category.

Bank of America has been named one of the 2024 Best Companies for Multicultural Women by Seramount. This honor recognizes the top 80 companies that create and use best practices in hiring, retaining, and promoting multicultural women in the United States. Winners are determined based on progress in creating cultures that encourage multicultural women to join and rise through the ranks. 

Bank of America ranked No. 7 on Seramount’s 100 Best Companies list for working parents. Factors that contributed to our ranking were our workforce representation, benefits, childcare, advancement programs, flexibility and more.

The TIME 100 Most Influential Companies 2024 list recognized Bank of America in its Titan category. TIME evaluated Bank of America against companies in numerous corporate sectors, including healthcare, entertainment and energy, and recognized our efforts in raising our U.S. hourly minimum wage to $23, our global sabbatical program, and helping teammates and their families in times of need/crises.

TIME recognized Bank of America on its World’s Best Companies of 2024 list. Companies were evaluated based on employee-satisfaction surveys; revenue growth; and environmental, social, and corporate governance (ESG) data.

• Best Mobile Technology Solution for Treasury – CashPro App
• Highly Commended for Best Customer Experience – CashPro
• Highly Commended for Solution Innovation – CashPro Chat