Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.

Bank of America’s full-service wealth management division says its advisors counseled clients to stay the course throughout a ...

Assets under management at some of the nation’s largest wealth management businesses are up, but net new assets for the second quarter tell a more nuanced story.

Bank of America’s wealth and investment management group reported a 7% jump in revenue to $5.4 billion in the second quarter, buoyed by higher balances and higher interest rates.

The bank’s global wealth and investment management is split between Merrill Lynch Wealth Management and Bank of America Private Bank BAC, which together brought in $4.5 billion in revenue for ...

Bank of America (NYSE: BAC) is the second-largest U.S. bank after JPMorgan and offers consumer banking, credit cards, commercial banking, investment banking, sales & trading, and wealth management ...

(Reuters) - Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the matter said on Friday, as higher interest ...

Bank of America’s wealth management business is much more profitable, it reported a pre-tax margin of 28.3% in 2018 – almost 200 basis points higher than Morgan Stanley’s figure of 26.2%.

JPMorgan led flurry of bank earnings Tuesday with Wells Fargo, Citigroup and more. Bank of America, Goldman Sachs and Morgan ...

Bank of America Corp.BAC0.48%increase; green up pointing triangle is shuffling the top ranks within its wealth-management unit, a move that comes as the business takes on increasing importance ...

Bank of America Corp.BAC0.98%increase; green up pointing triangle late Tuesday unveiled a number of executive moves in various business units. The bank elevated two executives in the wealth ...

Bank of America Corp. is shifting fewer than 200 employees in its wealth management banking and lending divisions as higher interest rates continue to put a strain on those businesses, sources ...