At first blush, the deal might provide evidence that the bank doesn't shun the oil and gas industry as the label suggests. In fact, Bank of America has been named by environmental groups as one of the biggest financiers of fossil fuels in the world.

The biggest laggard among the US banking giants, BofA's investments earn less than its closest rivals, and the stock is the group's worst performer by far.

U.S. Bancorp and Truist picked literal names for their virtual assistants to avoid confusing customers, while Fifth Third and Regions created characters called "Jeanie" and "Reggie" to put clients at ease. Other companies are trying to split the difference.

The bank has committed to hit a base wage of $25 an hour by 2025; officials also said it would lease space in a giant new office tower in Dallas, its second-largest hub.

BofA is the first large Wall Street bank to officially reverse its call amid growing optimism about the economic outlook.

Bank of America's second-quarter profit soared after its core Wall Street businesses exceeded analysts' expectations.

The move reflects a larger shift in the banking sector, as firms develop technology to enhance performance and cut down costs. 

We surveyed 164 professionals at banks and credit unions to find out their tech agenda for this year, including investment plans, tech priorities and thoughts on transformational tools. Here's what we found out.

Some of the biggest names in banking have started using large language models to organize their institutional knowledge, but use cases like chatbots remain experimental.

Bank of America has joined rivals in raising its quarterly dividend even though it's in discussions with the Fed to understand differences between the central bank's stress-test assessment of the bank and its own stress tests.