Merrill Lynch is adding more resources to help its advisors serve ultrahigh-net-worth clients, a lucrative demographic for the Bank of America wealth unit.

From the overall spotted trades, 12 are puts, for a total amount of $704,994 and 17, calls, for a total amount of $1,775,080.

Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay ...

Merrill and Bank of America Private Bank saw their number of new client relationships plunge by about 40% last year — from 40,000 in 2023 to roughly 24,000 in 2024. But executives at the Bank of ...

Wealth Management LLC purchased a new position in Bank of America Co. (NYSE:BAC – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange ...

The Securities and Exchange Commission settled charges against units within Bank of America and Wells Fargo that will result ... and Wells Fargo Advisors Financial Network as well as Merrill Lynch, ...

Bank of America’s wealth management division, which includes Merrill Lynch and the company’s private bank, saw core financial metrics rise in 2024, including net income of $4.3 billion ...

Merrill Lynch is giving increased attention to its ... and investment solutions to UHNW clients and connect them to Bank of America’s breadth of capabilities,” according to a company news ...

Deep-pocketed investors have adopted a bearish approach towards Bank of America BAC, and it's something market players ...