Bank Of America Appoints Executives To Lead New Venture: Report

Benzinga

2024-09-17

Bank of America Corporation (NYSE:BAC) shares are trading higher on Tuesday. The bank appointed two executives to spearhead a new initiative aimed at integrating its investment banking and wealth management divisions.

The bank targets increased asset growth and deal opportunities, as reported Bloomberg.

Jim Rourke and Michael Liu have been appointed to lead the newly named Private Client Partnership Development.

Read: Bank Of America Makes Largest-Ever Investments In Carbon Capture, Bets $205M On A Cleaner Planet

Brendan Hanley and Sam Kumar, co-heads of emerging growth and regional coverage, stated that Rourke and Liu will focus on sell-side M&A opportunities to "increase the quality of actionable mandates and growth of managed assets,".

This month, the bank announced a bold wage hike, driving its minimum hourly rate to $24 and edging closer to a $25 goal by 2025.

This increase will raise the minimum annual salary for full-time U.S. employees to almost $50,000 and applies to all full-time and part-time hourly roles.

Investors can gain access to the stock via First Trust Nasdaq Bank ETF (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).

Price Action: BAC shares are up 0.30% at $39.22 premarket at the last check Tuesday.

Read Next:

If Fed Cuts Interest Rates, Credit Card APRs ‘Are Still Going To Be High’ For Now, Economist Says

Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.

Get the latest stock analysis from Benzinga?

This article Bank Of America Appoints Executives To Lead New Venture: Report originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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The bank appointed two executives to spearhead a new initiative aimed at integrating its investment banking and wealth management divisions.</p>\n<p>The bank targets increased asset growth and deal opportunities, as reported Bloomberg.</p>\n<p><strong>Jim Rourke</strong> and <strong>Michael Liu</strong> have been appointed to lead the newly named Private Client Partnership Development.</p>\n<p><strong>Read</strong>: Bank Of America Makes Largest-Ever Investments In Carbon Capture, Bets $205M On A Cleaner Planet</p>\n<p><strong>Brendan Hanley</strong> and <strong>Sam Kumar</strong>, co-heads of emerging growth and regional coverage, stated that Rourke and Liu will focus on sell-side M&amp;A opportunities to \"increase the quality of actionable mandates and growth of managed assets,\".</p>\n<p>This month, the bank announced a bold wage hike, driving its minimum hourly rate to $24 and edging closer to a $25 goal by 2025.</p>\n<p>This increase will raise the minimum annual salary for full-time U.S. employees to almost $50,000 and applies to all full-time and part-time hourly roles.</p>\n<p>Investors can gain access to the stock via <strong><a href=\"https://laohu8.com/S/FTXO\">First Trust Nasdaq Bank ETF</a></strong> (NASDAQ:FTXO) and <strong>Invesco KBW Bank ETF</strong> (NASDAQ:KBWB).</p>\n<p><strong>Price Action</strong>: BAC shares are up 0.30% at $39.22 premarket at the last check Tuesday.</p>\n<p><strong>Read Next:</strong></p>\n<ul>\n<li><strong>If Fed Cuts Interest Rates, Credit Card APRs ‘Are Still Going To Be High’ For Now, Economist Says</strong></li>\n</ul>\n<p>Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. <strong>Click now to access unique insights</strong> that can set you ahead in today's competitive market.</p>\n<p>Get the latest stock analysis from Benzinga?</p>\n<ul></ul>\n<p>This article Bank Of America Appoints Executives To Lead New Venture: Report originally appeared on Benzinga.com</p>\n<p><i>© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</i></p></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank Of America Appoints Executives To Lead New Venture: Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank Of America Appoints Executives To Lead New Venture: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-17 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bank-america-appoints-executives-lead-151743267.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bank of America Corporation (NYSE:BAC) shares are trading higher on Tuesday. The bank appointed two executives to spearhead a new initiative aimed at integrating its investment banking and wealth ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bank-america-appoints-executives-lead-151743267.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/bank-america-appoints-executives-lead-151743267.html","article_id":"2468364338","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ru826Eh5xI_9r6LZv3leiA--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/87b46dd8f1ff96a3bae6f3b2a80e4490"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468364338","pubTimestamp":1726586263,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Bank of America Corporation  shares are trading higher on Tuesday. The bank appointed two executives to spearhead a new initiative aimed at integrating its investment banking and wealth management divisions.The bank targets increased asset growth and deal opportunities, as reported Bloomberg.Jim Rourke and Michael Liu have been appointed tolead the newly named Private Client Partnership Development.Read: Bank Of America Makes Largest-Ever Investments In Carbon Capture, Bets $205M On A Cleaner Planet. Brendan HanleyandSam Kumar, co-heads of emerging growth and regional coverage, stated that Rourke and Liu will focus on sell-side M&A opportunities to \"increase the quality of actionable mandates and growth of managed assets,\".This month, the bank announced a bold wage hike, driving its minimum hourly rateto $24 and edging closer to a $25 goal by 2025.This increase will raise the minimum annual salary for full-time U.S. employees to almost $50,000 and applies to all full-time and part-time","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"美国银行任命高管领导新企业：报告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":0.67,"BAC":1,"FTXO":1,"MNQmain":0.6,"NQmain":0.6,"MSC":0.9,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6},"content_text":"Bank of America Corporation (NYSE:BAC) shares are trading higher on Tuesday. The bank appointed two executives to spearhead a new initiative aimed at integrating its investment banking and wealth management divisions.\nThe bank targets increased asset growth and deal opportunities, as reported Bloomberg.\nJim Rourke and Michael Liu have been appointed to lead the newly named Private Client Partnership Development.\nRead: Bank Of America Makes Largest-Ever Investments In Carbon Capture, Bets $205M On A Cleaner Planet\nBrendan Hanley and Sam Kumar, co-heads of emerging growth and regional coverage, stated that Rourke and Liu will focus on sell-side M&A opportunities to \"increase the quality of actionable mandates and growth of managed assets,\".\nThis month, the bank announced a bold wage hike, driving its minimum hourly rate to $24 and edging closer to a $25 goal by 2025.\nThis increase will raise the minimum annual salary for full-time U.S. employees to almost $50,000 and applies to all full-time and part-time hourly roles.\nInvestors can gain access to the stock via First Trust Nasdaq Bank ETF (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).\nPrice Action: BAC shares are up 0.30% at $39.22 premarket at the last check Tuesday.\nRead Next:\n\nIf Fed Cuts Interest Rates, Credit Card APRs ‘Are Still Going To Be High’ For Now, Economist Says\n\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nThis article Bank Of America Appoints Executives To Lead New Venture: Report originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}