Awards & Recognition

2023 Awards & Recognition

Bank of America awards and recognitions received in 2023
Company / Publication Award / Recognition
Barron's Barron’s named 273 Merrill advisors to its Top 1,200 Financial Advisors list. This list ranked the advisors by state and Merrill had eight advisors recognized as No. 1 advisor in their state. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work.
Bloomberg Bank of America was recognized as a leader in the 2023 Bloomberg Gender-Equality Index (GEI). This index is an annual listing of companies demonstrating leadership in their policies, practices and disclosures in support of gender equality. The GEI brings transparency to gender-related practices and policies at publicly listed companies, increasing the breadth of environmental, social, governance (ESG) data available to investors. 
Cadwalader Bank of America has once again been selected to receive a Pro Bono Award from Cadwalader for our commitment to providing access to justice to the underserved. This year, Cadwalader  recognized six of their corporate pro bono partners who exceptionally helped to ensure the continued delivery of legal services to underserved communities.
Celent Bank of America was recognized by Celent, a global research and advisory firm for the financial services industry, with the following:
  • Model Bank award for Product Innovation in Cash Management
  • Model Wealth Manager awards for Personalization and Streamlining Advisor Workflows
  • Model Risk Manager award for Operational Resilience
Coalition Greenwich Share and Quality Leader (five awards across U.S. Corporate Banking, Cash Management and Trade Finance), Excellence (five awards for U.S. Large Corporate Banking and nine awards for U.S. Large Corporate Cash Management). The bank was also ranked top in several categories for the Greenwich Digital Transformation Benchmarking Rankings.
Disability Matters Springboard Consulting’s 17th annual Disability Matters North America Conference & Awards program recognized Bank of America with its Workplace Award. The awards honor companies for their innovative programs resulting in the successful outreach, recruitment, engagement and retention of candidates, employees and customers with disabilities. 
EMEA Finance EMEA Finance magazine recognized Bank of America at its Middle East Banking Awards program with three awards:
  • Best Foreign Investment Bank in the Middle East
  • Best Foreign Investment Bank in the UAE
  • Best M&A House in the UAE
Equileap BofA was named to the 2023 Global Top 100 for Gender Equality. This year the bank’s score increased to 67% in a ranking that measures gender balance in leadership, equal compensation, gender equality policies and accountability. 
Euromoney The Private Bank was awarded 2023 Euromoney Private Banking awards for Best for Wealth Transfer/Succession Planning in the U.S. and Best for Digital in the U.S.

Bank of America won in the following global, regional and country categories:
  • Global
    • World’s Best Digital Bank
    • World’s Best Bank for Diversity and Inclusion
    • World’s Best Bank for Financing
    • World’s Best Bank for Markets
  • North America
    • North America's Best Bank for SMEs
    • North America's Best Bank for Sustainable Finance
    • North America's Best Digital Bank
    • North America's Best Bank for Financing
  • Latin America
    • Best Investment Bank in Brazil
    • Best Investment Bank in Colombia
    • Best Investment Bank in Mexico
    • Best Investment Bank in Peru
    • Latin America's Best Bank for Advisory
    • Latin America's Best Investment Bank
  • Western Europe
    • Western Europe’s Best Bank for Corporate Responsibility

Forbes

  • Forbes recognized 1,032 Merrill teams on the inaugural 2023 Forbes Best-in-State Top Wealth Management Teams  list. Additionally, Merrill has the most teams recognized as No. 1 in State with 21 teams.
  • Merrill ranked No. 1 on Forbes’ America’s Top Women Wealth Advisors and Top Women Wealth Advisors Best-in-State lists, recognizing a total of 408 advisors. Additionally, Merrill has the most advisors recognized as No. 1 in State with 13 advisors listed.
  • Forbes named Bank of America as one of America’s Best Large Employers. The list is determined by a survey of 45,000 American workers determining whether they would recommend their current employer to friends and family.
  • Bank of America was named to this year’s list of America’s Best Banks. This list, published by Forbes each year, considers quality and profitability to rank the 100 largest publicly traded banks across the country.
  • Forbes recognized 1,820 Merrill advisors on the Forbes Best-in-State Wealth Advisors list, Merrill holds the No. 1 position. Additionally, 51 of those Merrill advisors were named to the Forbes America’s Top Wealth Advisors published list. Jeff Erdmann, a private wealth advisor in Greenwich, CT is the No. 1 advisor on the national list. Merrill has the most advisors recognized as No. 1 in state with 23 total advisors ranking best in state.
  • Bank of America was named to Forbes’ America’s Best Employers for Diversity list. For its sixth annual list, Forbes partnered with market research firm Statista to recognize 500 companies that employees said excel at promoting diversity, equity and inclusion in the workplace.
  • Forbes named Bank of America one of America’s Best Employers for New Grads. The results were based on survey responses from early career professionals on employer reputation, pay and benefits, career advancement opportunities, recognition and more.

Fortune

  • Bank of America again was recognized as one of the most admired companies overall and in the financial services industry. We achieved these by scoring highly in categories including people management, social responsibility and quality of management.
  • Fortune once again recognized Bank of America as one of its 2023 Blue Ribbon Companies. BofA appeared on four Fortune lists in 2022, including the Global 500, Fortune 500, 100 Best Companies to Work For and World’s Most Admired Companies. Blue Ribbon companies must have appeared on four of Fortune’s seven most rigorous rankings.
  • Fortune named Bank of America as one of the nation’s most innovative companies “transforming industries from the inside out.” The inaugural list celebrates companies that have demonstrated success across three areas: product innovation, process innovation and innovation culture. Of the 300 most innovative companies recognized, Bank of America ranked No. 18.
  • For the fifth consecutive year, Bank of America has been named to the Fortune 100 Best Companies to Work For list, the only global financial institution to appear on the list. In profiling Bank of America, Fortune and the Great Place to Work Institute highlighted our minimum wage of $22/hour on our way to $25 by 2025, in addition to our focus on wellness and commitment to the community.
Global Finance Global Finance recognized Bank of America with several awards, including:
  • Best Bank for Payments and Collections – North America
  • World’s Best Bank for Supply Chain Financing
  • Best Trade Finance Bank – United States
  • Best Global Trade Finance FX
  • Best Supply Chain Finance Provider
Global Finance recognized BofA as Best Bank in North America - Global Finance announced its 30th annual awards, recognizing Bank of America as the overall best bank in North America. This year’s Best Bank Awards recognized financial institutions that offer the broadest range of services as well as the reliability required for long-term financial relationships.
Handshake Handshake Network Trends’ report recognized Bank of America as one of the top 10 buzziest companies Gen Z wants to work for. Handshake, the college and new-grad career site, analyzed search traffic on the platform in the last year and surveyed 954 students from the class of 2023, with Bank of America being one of the top 10 companies that saw the fastest growth in search interest on its site in the last year, up by 42%.
IFR - International Financing Review International Financing Review recognized Bank of America with three awards at its IFR Awards program, including:
  • EMEA Structured Finance House
  • Commodity Derivatives House
  • Americas ESG Financing House
J.D. Power Bank of America has again won the highest ranking for customer satisfaction in the J.D. Power 2023 U.S. Merchant Services Satisfaction Study. J.D. Power surveyed more than 4,800 small business customers nationwide about their primary payment providers and ranked Bank of America best overall in its 2023 report. Bank of America also earned the highest ranking in four of the five factors measured, up from three out of five in 2022.
Just Capitol
  • Bank of America ranked No. 1 on JUST Capital’s 2023 rankings of America’s Most JUST Companies. This is the seventh annual ranking and the first year a finance company has led the list. We were also named No. 1 in three subcategories: Banks, For Workers In Banks and For Environment In Banks. Our company has risen steadily over the past five years, from No. 104 in 2018 to No. 71 in 2020 to No. 5 in 2022, and No. 1 this year.
  • JUST Capital recognized Bank of America as one of the top 4 companies for women in 2023. To bring transparency to gender parity, JUST Capital analyzed which companies were leaders for supporting women in the workplace — and Bank of America was one of the highest performers.
Latina Style Bank of America’s Hispanic-Latino employee resource group, HOLA, was recognized on Latina Style’s Top 15 Employee Resource Groups list. Established in 2003, with more than 21,000 HOLA members in 21 states, Bank of America and HOLA were recognized for fostering an inclusive environment. 
LinkedIn Bank of America ranked No. 4 on LinkedIn’s Top Companies list, which highlights the 50 best U.S. workplaces for career growth. In featuring Bank of America, LinkedIn highlighted several of our employee benefits, including our industry-leading sabbatical program, back-up childcare and eldercare services and confidential counseling sessions available through our Employee Assistance Program.
NBA - The National Bar Association The National Bar Association Commercial Law Section recognized Bank of America with its John Lewis, Jr. Corporation of the Year award – one of the highest honors presented annually by the association. Bank of America’s attorneys were notably recognized for serving on panels at their annual Corporate Counsel Conference and consistently supporting the association.
Newsweek
  • Newsweek recognized Bank of America as one of America’s Greatest Workplaces for Diversity. Newsweek, in cooperation with Plant-A Insights Group, conducted an independent study to determine the list. The study has been determined by conducting a large-scale independent survey with over 380,000 completed company reviews by employees who work for companies employing at least 1,000 employees in the U.S.
  • Bank of America was named to Newsweek’s America’s Greatest Workplaces for Women list. The list is based on a large study and a survey of a sample set with over 37,000 women, working in the U.S. for companies that employ at least 1,000 employees.
  • Newsweek recognized Bank of America as one of America’s Greatest Workplaces for LGBTQ+. The list identified top companies that, according to their research, including the results of a survey of more than 57,000 employees who identify as LGBTQ+, ranked the highest on criteria like “proactive management of a diverse workforce.”
Pensions & Investments Bank of America was recognized as the 2023 largest U.S. Outsourcing Manager for Endowment Assets and for Foundation Assets
Stonewall Bank of America was named to Stonewall’s UK Workplace Equality Index – a benchmarking tool measuring progression on LGBTQ+ inclusion in the workplace. Bank of America also received a gold award and was named a Top 100 Employer in recognition of our diversity and inclusion practices.
TMI - Treasury Management International Treasury Management International recognized Bank of America with multiple awards, including:
  • Best Social Innovator (Breakthrough Lab)
  • Best Mobile Technology Solution for Treasury (CashPro app)
  • Fintech Collaboration (Banked)
  • Best Automation Project – Highly Commended
  • Best Treasury Transformation Project – Highly Commended
WealthTech Americas Award  Merrill was recognized with the WealthTech Americas Award for Digital Offering or Tools for the Mobile Advisor Experience App (MAX). MAX is the first advisor-dedicated mobile application within full-service firms that offers advisors the ability to securely access client information and perform crucial tasks while away from their workstation.
With Intelligence With Intelligence recognized The Private Bank with a Private Asset Management award for Best Philanthropic / Educational Initiative. The award recognizes Bank of America’s Study of Philanthropy as an impactful educational initiative. 
Women's Business Enterprise National Council (WBENC) Bank of America was named a 2023 Top Corporation for Women’s Business Enterprises by the WBENC in recognition of our work driving sustainable inclusion of women-owned businesses in our supply chain and empowering local communities through economic growth and job creation. This is the 13th consecutive time the WBENC has named us as a recipient.

Archives

 
Bank of America awards and recognitions received in 2020 - 2022
Company / Publication Award / Recognition
Aite Group Recognized Merrill Lynch Wealth Management and Private Bank’s new Client Engagement Workstation with the Digital Wealth Management Impact Innovation Award for Digital Client Engagement
American Carbon Registry Bank of America received the 2022 American Carbon Registry (ACR) Corporate Excellence award for ambitious corporate climate action
American Financial Technology Awards (AFTAs) Recognized Bank of America for Best AI/Machine Learning Initiative for Sherlock, awarded for Best Analytics Initiative for Connect Studio, honored Bank of America with the 2022 Best Infrastructure Initiative award
American Heart Association Bank of America received the Gold level recognition in its 2022 Workplace Health Achievement Index
Auto Finance News Received the Auto Finance Excellence Award
BAI Small Business Benchmarking Study Ranked No. 1 in Small Business Checking Digital Service penetration, Mobile Banking penetration and Remote Deposit Capture penetration
Banking Tech Awards Best Digital Initiative for Bank of America Mobile App
Bankrate Named “Best for Bank of America Loyalists”, “Best for Choice of Cash Back Category”, and “2021 Best Online Brokers for Stock Trading”
Barron’s
  • In 2022, Bank of America was listed on the 100 Most Sustainable Companies list
  • Merrill held No. 1 on the Top 100 Women Financial Advisors list. Merrill Lynch led several awards in 2021, including America’s Top 1,200 Financial Advisors ranking, 2021 Top 100 Financial Advisors list, Top 100 Institutional Consulting Teams and Top 100 Private Wealth Management Teams.
Bloomberg Recognized Bank of America as a leader in the 2022
Brandon Hall Group Received 23 awards recognizing the bank’s success in developing programs, resources and tools for leadership and career growth.
Built In Awarded one of the “22 companies spearheading digital innovation in their industries in 2021”
Business Group on Health Bank of America was one of 44 companies to receive the prestigious Business Group on Health Best Employers,  Excellence in Health & Wellbeing Award for 2022
CardRates.com Named Bank of America's Travel Rewards and Cash Rewards credit card one of the Best Credit Card Sign-Up Bonuses and Best Secured Credit Cards for Young Adults.
Celent Received a 2022 Model Bank award for Bank of America’s CashPro App for Corporate Digital Banking and a 2022 Model Wealth Manager award for Client Experience for Bank of America’s mobile app
Corporate Insight Ranked the top spots in Account Information, Account Servicing, Investor Questionnaires, Fund and Account Transfers, and Mobile Alerts and Notifications
Digital Banker Recognized Bank of America with the Retail Banking Innovation award for Best Digital Bank
DisabilityIN Scored 100 on the 2022 and 2021 Disability Equality Index
Euromoney World’s Best Bank for 2022, World’s Best Bank in Payments and Treasury, Best Bank in the U.S., North America's Best Bank for Corporate Responsibility, Best Bank for SMEs and Best Bank for Transaction Services
Executive Leadership Council Recipient of the 2021 Executive Leadership Council Corporate Award
FinanceAsia Awarded the “Best International Investment Bank in India”
Forbes In 2022, Bank of America was recognized on several lists including America's Best Large Employers, Best Employers for New Grads, Best Employers for Women, Best Employers for Diversity, America’s Best Banks, World’s Top Female-Friendly Companies list in 2022, ranked No. 26 on the 2022 America’s Best Employers for Veterans list, Merrill Lynch was ranked No. 1 in “Best-in-State Wealth Advisors” list, led America’s Top Women Wealth Advisors list, and led the Top Next-Gen Wealth Advisors List.
Forbes/Shook Merrill Lynch leads “America’s Top Women Wealth Advisors” rankings
Forrester Bank of America received the Enterprise Architecture Award and tied No. 1 for Overall Digital Experience (4th consecutive win)
Fortune
  • In 2022 Bank of America was named one of the “World’s Most Admired Companies.” Fortune along with Great Place to Work® also included the company on several lists including “100 Best Companies to Work For”, “Best Big Companies to Work For” (the only financial services firm), “Best Workplaces in Financial Services & Insurance”, PEOPLE’s Companies That Care, and “Best Large Workplaces for Millennials”
  • In 2021, Bank of America was named as one of the nation’s most innovative companies “transforming industries from the inside out.” The inaugural list celebrates companies that have demonstrated success across three areas:  product innovation, process innovation and innovation culture. Of the 300 most innovative companies recognized, Bank of America ranked No. 18.
Glassdoor Named one of U.K.’s Best Places to Work list
Global Finance
  • 2022
  • Bank of America received several awards, including Global Leader in Social Bonds (Ranked 1), North America for Social Bonds (Ranked 1), North America for Sustainable Loans (Ranked 1) and overall Leader for North America in Sustainable Finance (across all products)
  • Named the “Best Consumer Digital Bank in the US” for the second year in a row, named “Most Innovative Digital Bank in North America”, “World’s Best Investment Banks 2021” award for the health care sector and “Outstanding Financial Innovator 2021 – Global”
  • In 2022, Bank of America was selected as the “Best Private Bank of Philanthropic Services”, “Best Mobile Cash Management Software”, “Outstanding Financial Innovator”, and “Most Innovative Private Bank”
  • 2021
  • Named “Best Bank for Cash Management” (2nd consecutive year) and “Best Bank for Payments and Collections”.
Great Place to Work Ranked No. 8 on the 2022 Best Workplaces for Parents list
Greenwich Associates In 2022, the Bank received the top ranking in several awards including Banks serving U.S. large corporate companies, Share leader in U.S. Corporate Banking, Provision of Services across Cash Management, Trade Finance and FX (ranked 1), and the ability to provide end-to-end digital process.
HITEC Bank of America was selected as 2021 Hispanic Information Technology Executive Council (HITEC) Corporation of the Year for exemplary leadership and commitment to HITEC and the Hispanic community.
Human Rights Campaign’s (HRC) Earned 100% in Corporate Equality Index and one of the “Best Places to Work for LGBTQ Equality”
Institutional Investor Ranked Bank of America’s Global Research No. 2 Top Global Research Firm. Ranked BofA Securities No. 1 for Fixed Income Research in Asia and Japan for 2021 — for the third consecutive year in Asia and for two of the past three years in Japan.
J.D. Power Received J.D. Power Certified Customer Service Program has recognized Bank of America’s Corporate, Global Commercial and Business Banking Services for providing “An Outstanding Customer Service Experience” for 2022. Selected as the No. 1 in customer satisfaction and payment processing, in the 2022 U.S. Merchant Services Satisfaction study, outstanding customer service experience (12th consecutive year) and Online and Mobile Banking. Additionally, Bank of America was ranked No. 1 nationally for retail banking advice.
Javelin Bank of America achieved Best in Class in mobile and digital banking
JUST Capital Bank of America ranked 11th (out of 100) on its 2022 Workforce Equity and Mobility Ranking, 5th on its 2022 list for American companies defining just business behavior and ranked 3rd in Top 100 U.S. Companies Supporting Healthy Families and Communities
Keynova In 2022, Bank of America was ranked the top spots in Small Business Banking Digital Functionality, Credit Card Scorecard, Digital Card Sales, Functionality, and Digital Mortgage and Home Equity Experience
Latina Style Bank of America’s Hispanic-Latino employee resource group, HOLA, was recognized on Latina Style’s Top 15 Employee Resource Groups list. 
LinkedIn Ranked 8th in Top 50 Companies in the U.S. 2022 list 
Loyalty360 Preferred Rewards program awarded 2022 Best in Class for Customer Loyalty Team, Customer Focus, Program Strategy and Design, B2B Customer Loyalty
Military Times Ranked 5th on its 2022 Best for Vets Employers list
Money Management Institute (MMI)/Barron’s Digital Innovation Award for Merrill’s Digital Wealth Overview
National Bar Association Commercial Law Section Recognized Bank of America with its John Lewis, Jr. Corporation of the Year award – one of the highest honors presented annually by the association. Bank of America’s attorneys were notably recognized for serving on panels at their annual Corporate Counsel Conference and consistently supporting the association.
National LGBT Chamber of Commerce (NGLCC) Named Bank of America Corporation of the Year for 2022
Newsweek In 2022, Bank of America was recognized on the America’s Most Responsible Companies list.

Recognized Bank of America in the “America’s Best Loyalty Programs”
Out & Equal Awarded the 2021 Belonging and Equity Visionary Award
People Ranked No. 10 on PEOPLE’s 100 Companies that Care list for fourth consecutive year
Professional Wealth Management Recognized Bank of America Private Bank and Merrill Lynch Wealth Management for Best Use of Technology in North America, Best Use of Technology for Client Acquisition
Seramount Bank of America was named a winner for its Military Support & Assistance Group in the ERG Impact Awards’ Workforce Impact category. The company was also recognized on two of Seramount’s top companies list. Bank of America ranked No. 7 on the 100 Best Companies list – the only large bank in the top 10 – and was recognized in the top 10 group on the Best Companies for Dads list.
Stevie Awards Received two Gold awards for its technology platforms:  Enterprise Mobile Platform as a Service and Enterprise Platform Automation Service. Received a Silver award for our integrated mobile app.

Honored Bank of America with 18 different Great Employer Awards highlighting the commitment to training, talent development, and being a great workplace. One of the 18 Stevie Awards for Great Employers received includes a Gold Award for the Private Bank Career Advancement Program (CAP). With this 2022 recognition, we’ve received 62 Stevie Awards for Great Employers since 2020.
Teledoc Health Recognized Bank of America with Resilience Through Adversity award for supporting employees and their families during the Covid-19 pandemic
The Asian Banker Bank of America named “Best International Transaction Bank”
The Banker Bank of America named 5th Most Valuable U.S. Banking Brand in 2021, in 2021, and honored as Transaction Bank of the Year for North America and Bank of the Year for Supply Chain Finance in 2022
The Digital Banker Bank of America Private Bank recognized as the Best Private Bank in North America in 2022
The Times Named one of the Top 50 Employers for Women in recognition for its efforts towards gender equality.
U.S. News & World Report Named Bank of America “Best in Student Credit Cards”
Waters Technology Recognized Bank of America for best reporting platform or service for Connect Studio.
WealthManagement.com Recognized Bank of America for Broker Dealer for Client Engagement Workstation and Best Private Bank for Use of Technology
Women's Business Enterprise National Council BofA name a Top Corporation for Women's Business Enterprises
Working Mother Magazine Bank of America received several awards including 2021 Best Companies for Multicultural Women list (ranked 4), 2021 100 Best Companies (ranked 5) and 2021 Best Companies for Dads (ranked 4).