What's Going On With Bank Of America Stock On Tuesday?

Benzinga

2024-09-10

Bank of America Corporation (NYSE:BAC) shares are climbing as the company announces a bold wage hike, driving its minimum hourly rate to $24 and edging closer to a $25 goal by 2025.

“Providing a competitive minimum wage is core to being a great place to work — and I am proud that Bank of America is leading by example,” said Sheri Bronstein, chief human resources officer.

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.

This decision continues Bank of America’s tradition of leading the nation in setting minimum wage standards for U.S. hourly workers.

In the last seven years, Bank of America raised the minimum hourly wage from $15 to $24 in 2024. As a result, the starting salary for full-time U.S. employees will have increased by nearly $20,000 since 2017.

Also Read: Private Employment Grows By 99,000 In August, Sharply Misses Forecasts Of 140,000: ‘The Labor Market Overall Is Softening’

According to Benzinga Pro, BAC stock has gained over 38% in the past year. Investors can gain exposure to the stock via First Trust Nasdaq Bank ETF (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).

Price Action: BAC shares are trading higher by 1.60% to $40.10 premarket at last check Tuesday.

Photo via Shutterstock

Read Next:

Could August Jobs Numbers Keep Recession Fears At Bay? ‘This Time Is Different,’ Analyst Says

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This article What's Going On With Bank Of America Stock On Tuesday? originally appeared on Benzinga.com

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

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Investors can gain exposure to the stock via <a href=\"https://laohu8.com/S/FTXO\">First Trust Nasdaq Bank ETF</a> (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).</p>\n<p><strong>Price Action</strong>: BAC shares are trading higher by 1.60% to $40.10 premarket at last check Tuesday.</p>\n<p><em>Photo via Shutterstock</em></p>\n<p><strong>Read Next:</strong></p>\n<ul>\n<li><strong>Could August Jobs Numbers Keep Recession Fears At Bay? ‘This Time Is Different,’ Analyst Says</strong></li>\n</ul>\n<p>\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news &amp; everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!</p>\n<p>Get the latest stock analysis from Benzinga?</p>\n<ul></ul>\n<p>This article What's Going On With Bank Of America Stock On Tuesday? originally appeared on Benzinga.com</p>\n<p><i>© 2024 Benzinga.com. Benzinga does not provide investment advice. 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As a result, the starting salary for full-time U.S. employees will have increased by nearly $20,000 since 2017.</p>\n<p><strong>Also Read: Private Employment Grows By 99,000 In August, Sharply Misses Forecasts Of 140,000: ‘The Labor Market Overall Is Softening’</strong></p>\n<p>According to Benzinga Pro, BAC stock has gained over 38% in the past year. Investors can gain exposure to the stock via <a href=\"https://laohu8.com/S/FTXO\">First Trust Nasdaq Bank ETF</a> (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).</p>\n<p><strong>Price Action</strong>: BAC shares are trading higher by 1.60% to $40.10 premarket at last check Tuesday.</p>\n<p><em>Photo via Shutterstock</em></p>\n<p><strong>Read Next:</strong></p>\n<ul>\n<li><strong>Could August Jobs Numbers Keep Recession Fears At Bay? ‘This Time Is Different,’ Analyst Says</strong></li>\n</ul>\n<p>\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news &amp; everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!</p>\n<p>Get the latest stock analysis from Benzinga?</p>\n<ul></ul>\n<p>This article What's Going On With Bank Of America Stock On Tuesday? 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>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/whats-going-bank-america-stock-124253369.html\">Benzinga</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765489.SGD","symbol_name":"FTIF - Franklin Mutual US Value A Acc SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/whats-going-bank-america-stock-124253369.html","article_id":"2466430752","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/VB6uNdg88JM4WdBX5KD5oQ--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/7d50c6ca51a7827218ed51f0153b2588"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466430752","pubTimestamp":1725972173,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Bank of America Corporation  shares are climbing as the company announces a bold wage hike, driving its minimum hourly rate to $24 and edging closer to a $25 goal by 2025.“Providing a competitive minimum wage is core to being a great place to work — and I am proud that Bank of America is leading by example,” saidSheri Bronstein, chief human resources officer.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.This decision continues Bank of America’s tradition of leading the nation in setting minimum wage standards for U.S. hourly workers.In the last seven years, Bank of America raised the minimum hourly wage from$15to$24in 2024. As a result, the starting salary for full-time U.S. employees will have increased by nearly $20,000 since 2017.Also Read:Private Employment Grows By 99,000 In August, Sharply Misses Forecasts Of 140,000: ‘The Labor Market Overall Is Softening’。Price Action: BA","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD",".IXIC":"NASDAQ Composite","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4588":"碎股","PSQ":"纳指反向ETF","BAC":"美国银行","TQQQ":"纳指三倍做多ETF","LU0971096721.USD":"富达环球金融服务 A","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4207":"综合性银行","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4581":"高盛持仓","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4504":"桥水持仓","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU2129689605.HKD":"FRANKLIN GLOBAL INCOME \"A\" (HKD) INC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","QLD":"纳指两倍做多ETF","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","QID":"纳指两倍做空ETF","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4585":"ETF&股票定投概念","SQQQ":"纳指三倍做空ETF","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","MSC":"新濠影汇","FTXO":"First Trust Nasdaq Bank ETF","BK4575":"芯片概念","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","BK4150":"赌场与赌博","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD"},"translate_title":"周二美国银行股票走势如何？","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 climbing as the company announces a bold wage hike, driving its minimum hourly rate to $24 and edging closer to a $25 goal by 2025.\n“Providing a competitive minimum wage is core to being a great place to work — and I am proud that Bank of America is leading by example,” said Sheri Bronstein, chief human resources officer.\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.\nThis decision continues Bank of America’s tradition of leading the nation in setting minimum wage standards for U.S. hourly workers.\nIn the last seven years, Bank of America raised the minimum hourly wage from $15 to $24 in 2024. As a result, the starting salary for full-time U.S. employees will have increased by nearly $20,000 since 2017.\nAlso Read: Private Employment Grows By 99,000 In August, Sharply Misses Forecasts Of 140,000: ‘The Labor Market Overall Is Softening’\nAccording to Benzinga Pro, BAC stock has gained over 38% in the past year. Investors can gain exposure to the stock via First Trust Nasdaq Bank ETF (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).\nPrice Action: BAC shares are trading higher by 1.60% to $40.10 premarket at last check Tuesday.\nPhoto via Shutterstock\nRead Next:\n\nCould August Jobs Numbers Keep Recession Fears At Bay? ‘This Time Is Different,’ Analyst Says\n\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nThis article What's Going On With Bank Of America Stock On Tuesday? 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":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}