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The company deployed automated coding tools to its 17,000 software developers, CEO Brian Moynihan said Wednesday.
Discover key insights from Bank of America's Q2 2025 earnings! Learn about record NII, robust growth, AI innovation, and efficient cost management.
Bank of America on Wednesday reported better second-quarter profits than analysts had projected, while revenue and net ...
Bank of America Corporation(NYSE:BAC) reported its Q2 2025 earnings on July 16, 2025, posting $26.6 billion in revenue (+4% year-over-year), $7.1 billion in net income, and $0.89 EPS (+7% ...
Bank of America stuck to its financial outlook for the year as it reinforced the theme of the resilient American consumer and ...
The 12.4% profit gain for the second quarter comes in Wells Fargo & Co.'s first quarterly report since the Federal Reserve Board's June 3 decision that allows the bank to ...
Bank of America’s profit increase in the second quarter of 2025, which the bank chalked up to a healthy economy.
It isn’t just Amazon. There’s a growing belief that having too many employees will slow a company down—and that anyone still on the payroll could be working harder.
Bank of America is leaning heavily on automation and artificial intelligence to control costs and boost efficiency, including by shrinking its workforce.
The Oracle of Omaha has sold more than 401 million shares of Bank of America stock since mid-July 2024, and has built up a 7.7% stake in a well-known, consumer-facing business.
TD Bank, one of Canada’s financial institutions, has revealed plans to reduce its workforce by approximately 2%, affecting around 2,000 employees.