As Northeast Florida heads into Q2 2026, Bank of America Jacksonville President & Southeast Regional Executive Mark Bennett says local business confidence has shifted toward growth - if owners have the right capital in place to seize opportunities. Bennett shares three priorities he’s hearing most from Jacksonville leaders and also points to continued strength in sectors like advanced manufacturing, fintech/financial services, healthcare, and technology as companies adopt more AI solutions.

Bank of America has tentatively settled a lawsuit claiming it ignored suspicious financial transactions involving Jeffrey Epstein while he was sexually abusing hundreds of girls and women.

Wall Street is seeing positive results as big banks report increased profits.

Losses for several banks and Big Tech stocks pulled U.S. indexes lower, even though the majority of stocks on Wall Street rose.

Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer.

Travel technology company Expedia Group says reduced travel demand in the United States led to its weaker-than-expected revenue in the first quarter.

A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance.

U.S. stocks drifted through a rare quiet day for financial markets worldwide.

U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies.

Join host Kent Justice as he explores the impact of one of the nation’s largest philanthropic investment programs, Neighborhood Builders, celebrating its 20th anniversary in Jacksonville.

A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America.

August is recognized as Black Business Month. In this episode of This Week in Jacksonville: Business Edition, we dive into the state of African American businesses in Northeast Florida.

Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week.

Latinas contributed $1.3 trillion to the U.S. gross domestic product in 2021, up from $661 billion in 2010 and at a growth rate nearly triple that of non-Latinos during the same time period, according to a new report funded by Bank of America and conducted by professors at California Lutheran University and UCLA.

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch.

Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses the Wall Street brokerage giant of racially discriminating against its Black financial advisers.

The Supreme Court has given homeowners another chance to force Bank of America and other large banks to pay interest on mortgage escrow accounts.

Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates.

The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck.

The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks’ ability to charge customers a fee when they overdraw their bank account.

Three of the nation’s biggest banks say their profits fell last quarter.

Wall Street drifted through mixed trading to put a quiet end to another rocking week.

The heads of Wall Street’s biggest banks used an appearance on Capitol Hill to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated, warning that the proposals could negatively impact the economy at a time of geopolitical turmoil and inflation.

A glitch in the network that processes electronic transfers between nearly all U.S. bank accounts has led to delays in settling deposits, some of which remain stalled.

Bank of America posted a 10% rise in third quarter profits, helped by higher interest rates that allowed the bank to charge more for loans while keeping the bank’s expenses under control.

Shares have fallen in Asia after China reported that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter.

Bank of America must reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent.

Asian shares are mostly higher after stocks advanced on Wall Street.

The Negro Leagues Baseball Museum is embarking on a fundraising campaign to raise $25 million for a new building to house its education center and what has become one of the world’s unique collections of baseball memorabilia.

Banks are paying up for savers’ deposits in a much bigger way than they have in a long time.

Bank of America said its profits grew 15% last quarter, the latest of the big banks to do exceptionally well this earnings season as investors and consumers flock to Wall Street for safety after the failure of Silicon Valley Bank and Signature Bank.

Asian shares are trading mixed as investors take a wait-and-see attitude stance of earnings reports and possible moves by central banks.

Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming more cautious after a burst of spending in January.

Silicon Valley Bank’s collapse has rattled the technology industry that had been the bank’s backbone.

With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers.

Bank of America’s profits fell by 8% in the third quarter as the bank set aside cash to cover potential loan losses.

The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and Senate Democrats strongly urged them to do more to help and protect their customers, while Republicans questioned whether banks should weigh in on hot-button social issues.

The CEOs of the nation’s biggest banks have appeared in front of Congress and given a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing.

The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point.

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

The Clay County Sheriff’s Office on Wednesday asked for help identifying a man they said is wanted for attempted robbery of the Bank of America on Blanding Boulevard at Wells Road.

Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the ones its rivals had reported the previous week.

Police said movie director Ryan Coogler was briefly handcuffed by Atlanta police after he was mistaken for a robber when he passed a teller a note while trying to withdraw a large amount of cash from his account.

Helping around 200 to 250 veterans, the city kicked off a two-day event Friday at the Jacksonville Fairgrounds aimed at helping homeless veterans get back on their feet.

The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter.

Bank of America’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was able to move more loans onto the “good” side of its balance sheet as the pandemic wanes.

Recently freed from regulators’ coronavirus restrictions, the largest U.S. banks have announced plans to return tens of billions of dollars to their shareholders over the next year in the form of dividends and stock buybacks.

The CEOs of the six biggest U.S. banks have appeared before Congress, eager to lay out their support for struggling consumers and small businesses.

Consumer banking giant Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025, the bank said Tuesday.

Bank of America’s profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic.

The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again.

Asian stock markets have risen after Wall Street hit a record high following an uptick in U.S. inflation and a order by regulators to suspend use of Johnson & Johnson’s coronavirus vaccine.

Technology companies helped lift stocks on Wall Street to a record high Friday.

America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen.

California added 141,000 jobs in February as more than a quarter of a million people returned to the workforce. The California Employment Development Department said Friday, March 26, that the state's unemployment rate in February was 8.5%, down from 9% in January. The Labor Department said Thursday that the number of claims increased from 658,000 the week before. Less than a year ago, the jobless rate had hit 14.8%. Some economists are even more optimistic: Joe Brusuelas, chief economist at the tax advisory firm RSM, is predicting 1 million added jobs for March.

JACKSONVILLE, Fla. – Happening Saturday, hundreds of climbers will take to the steps of TIAA Bank Field for the American Lung Association’s 13th annual “Fight for Air” stair climb. News4Jax spoke to John Finn, who has participated in the climb every year since it began. According to the American Lung Association, nearly 37 million Americans live with a chronic lung disease. “If you have lungs, you can have lung disease, it really is that simple. Ad“It’s usually a pretty quick race, you can do it usually within 10 or 15 minutes, 20 minutes,” Finn said.

The increase of just 49,000 positions in January made scarcely any dent in the nearly 10 million jobs that remain lost since the virus intensified nearly a year ago. The tepid increase followed a decline of 227,000 jobs in December, the first loss since April. Most of the drop in unemployment occurred because some people out of work found jobs, but others stopped looking for work and were no longer counted as unemployed. And without an increase of 80,000 temporary jobs, the economy would have posted a net loss for January. Still, more than 4 million Americans have lost jobs and stopped looking for work since the pandemic began.

In the early months of the U.S. pandemic, banks set aside tens of billions of dollars to cover losses that could come from loans that were suddenly going bad. On top of the stimulus, banks entered into this pandemic the healthiest they’ve been in years and certainly healthier than they were before the financial crisis of 2008. JPMorgan set aside $611 million to cover potentially bad loans in the third quarter, a fraction of the $10.47 billion the bank set aside to cover bad loans in the second quarter. On Wednesday, Bank of America said it set aside $1.4 billion to cover potentially bad loans, far less than the $5.1 billion it set aside three months earlier. Most of the worry seems to reflect investors' uncertainty about whether banks will have to set aside additional billions in the future.

CHARLOTTE, N.C. – Consumer banking giant Bank of America says third-quarter profit declined 15.6% from a year earlier, but saw less need to put aside money to cover potentially bad loans, citing improvements in the U.S. economy. The North Carolina-based bank said Wednesday that it earned a profit of $4.88 billion, or 51 cents per share, down from a profit of $5.78 billion, or 56 cents per share, in the same period a year earlier. BofA had $1.4 billion in loan-loss reserves in the third quarter, down from the $5.1 billion it set aside in the second quarter. BofA’s loan-loss reserves were higher than JPMorgan's, which only set aside $611 million in the quarter, but less than the $2.26 billion that Citigroup had set aside. The bank’s net interest yield — a measurement of how much profit the bank is earning on the loans it approved — was 1.72% in the quarter, down from 2.41% a year earlier.

Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14, as investors pore over another batch of earnings reports from big U.S. companies. (AP Photo/John Minchillo, File)Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential election faded. The Shanghai Composite Index lost 0.1% to 3,337.51 and the Nikkei 225 in Tokyo fell 0.5% to 23,517.63. On Wall Street, companies that rely on consumer spending, banks and technology and communication stocks bore the brunt of the selling. Wells Fargo dropped 6% after its earnings were lower than Wall Street expected.

JACKSONVILLE, Fla. A man suffering from multiple gunshot wounds was found early Sunday morning lying in a bank parking lot, according to the Jacksonville Sheriffs Office. Police said officers found the man in the parking lot of the Bank of America on Moncrief Road near Edgewood Avenue West. Police said the victim had multiple gunshot wounds and was transported to a nearby hospital in serious condition. Officers were alerted to the incident by a 911 call from a person who was using the ATM at that bank location. JSO says:5 am man found @ Moncrief Bank of America3 am Pinehurst Dr shooting2 am victim shot on Arlington Expswy1 am man shot at Pointe Sienna Apartments10 pm robbery & shooting @ Wells Fargo on Beach Blvd @wjxt4 pic.twitter.com/JavuO22k37 Brittany Muller (@BrittMullerNews) August 30, 2020Anyone with information that could help investigators is asked to call JSO at 904-630-0500.

NEW YORK Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the pandemic. Bank earnings this quarter have begun to paint a picture of American families and businesses struggling to pay bills with swaths of the nation's economy shut down. Those provisions come on top of the tens of billions they set aside in the first quarter when the pandemic first began to bloom. Because it is so consumer-focused, BofA is feeling the effects of the coronavirus pandemic more acutely than other major banks. The bank also revised down its outlook for the U.S. economy, following similar actions by other banks this week.

JACKSONVILLE, Fla. – Another $310 billion is being added to the federal government’s Paycheck Protection Program so that lenders can offer more forgivable loans to small businesses. The second round of money is expected to go quickly. Bank of America reports they have $50 billion worth of applications ready to go through the second round. For example, BlueVine, Centerstone SBA Lending, Funding Circle, even PayPal are all accepting applications for PPP loans. On the SBA website, there is a page dedicated to showing you SBA-approved PPP lenders just by entering your ZIP code.

Many small business owners ran into bureaucratic or technological road blocks. A major trade group for small businesses complained that too many of its members were “shut out” from getting loans. Bank of America alone said 75,000 small businesses had applied for $7 billion of loans. Bank of America, for example, said the loans were available to customers who had business deposit accounts and business loans with the bank. “Small business owners have had their applications filled out.

Other tech companies such as Apple, Intel, Salesforce, Alphabet, and PayPal, made the list's top 10. Yet tech companies have been plagued by scandal in recent years. The surveyed Americans largely ignored potential privacy concerns posed by the vast troves of personal data many tech companies hold. Only one energy company made the list (Apache), while just a single media company (Nielsen) cracked the top 100. Lower pay for local bankers has been a subject of controversy in the "Fight for $15" minimum wage increase movement.

That's why Bank of America is raising its minimum wage to $20 an hour in 2020 a year earlier than expected. Bank of America said Monday it would raise its minimum wage for its more than 208,000 US employees by the end of the first quarter of 2020. Two years ago, the bank's employees got a raise to a minimum of $15 an hour, according to a company press release. Bank of America is not the first main street bank to boost minimum compensation for its employees. In June, Citigroup lifted its minimum wage in the United States to $15 an hour.

JACKSONVILLE, Fla. - A Jacksonville developer hopes to bring affordable housing to a section of Murray Hill. The Murray Hill Preservation Association is holding a meeting Thursday night to hear from the community on the proposal. Len Burroughs is a board member of the Murray Hill Preservation Association. He has lived in Murray Hill for 43 years. Murray Hill is growing and changing quickly," said Shane Williams, a property owner.

Justin Sullivan/Getty Images(CNN) - Bank of America hauled in its fattest profit ever during the second quarter thanks to sturdy spending from households that offset trouble in markets. Bank of America said on Wednesday that its profit jumped 8% during the second quarter to $7.3 billion, marking a record for the lender. For the first six months of 2019, Bank of America hauled in $14.7 billion, also setting a record for the first-half of a year. Global markets profit fell 7% at Bank of America, driven by a 6% decline in sales and trading revenue. Unlike Goldman Sachs, which reported an increase in stock trading revenue, Bank of America suffered a 13% tumble in that area.

Citi will kick off bank earnings season on Monday when it reports its second quarter results. Concerns about China's slowdown and weakening growth in Europe could hit the international divisions of the big banks. The stock market remains near record highs -- a boon for the big banks and their Wall Street units as well. "Lower interest rates should preclude a widespread real estate meltdown," said KBW analyst Frederick Cannon in a bank earnings preview report. "Higher interest rates slowed home sales early in the year.

Justin Sullivan/Getty Images(CNN) - Bank of America will end its association with companies that provide prisoner and immigrant detention services at both the state and federal levels. A spokesperson said Wednesday that Bank of America has discussed the issue with its clients that provide those services. The Miami Herald previously reported that Bank of America was a financier of Caliburn which the newspaper said runs a facility called Homestead under a US government contract. Bank of America declined to comment Wednesday regarding the companies with which it had previously worked. On Wednesday, employees of online furniture retailer Wayfair walked out from the company's headquarters in Boston in protest of the company selling furniture to a detention facility.

ST. MARYS, Ga. – Police released an image Thursday afternoon of a man who they said robbed a Bank of America in St. Marys, Georgia. The robbery was reported at 1:25 p.m. Thursday, and the man was seen leaving the area in a gold or tan, medium-sized, four-door vehicle, which might be a Buick, police said. The vehicle was driven by a white woman with blonde hair, wearing a white shirt or blouse with some red writing on the clothing. Anyone with information on the identity of the robber is asked to call The St. Marys Police Department (912) 882-4488 or The Camden County Sheriff's Office at (912) 729-1442 or Anonymous Tip Line (912) 510-5163.