Full-Time
Global banking, investing, and wealth management
No salary listed
Chandler, AZ, USA
In Person
Bachelor's
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Bank of America provides a full range of financial services to individuals, small businesses, and large corporations, including banking, investing, asset management, and risk management products. Customers access services via branches, online and mobile banking, and advisory and trading capabilities across consumer banking, wealth management, corporate and investment banking. Its breadth, scale, and global reach enable cross-service solutions and large-scale operations that few peers match. Its goal is to be a trusted, full-service financial partner helping customers manage money, grow assets, and navigate risk.
Company Size
10,001+
Company Stage
IPO
Headquarters
Charlotte, North Carolina
Founded
1904
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Sick Leave
Flexible Work Hours
Remote Work Options
Professional Development Budget
Conference Attendance Budget
Bank of America is investing $1.9 billion for a 49.9% stake in Jio Financial Services, marking a significant development in India's financial services sector. The investment will support expansion of Jio's non-banking financial company, which is part of the Reliance Industries conglomerate. The partnership aims to develop new financial products and services, leveraging Jio's extensive customer base and technological infrastructure. This aligns with the trend of traditional banks investing in fintech to enhance competitiveness. The deal is expected to intensify competition in India's NBFC space, particularly in consumer lending and digital payments. However, Jio Financial Services will need to navigate increasing regulatory scrutiny as it scales operations. The investment may encourage other global financial institutions to explore similar partnerships in India's growing financial sector.
Bank of America has signed a definitive agreement to acquire up to 49.9% of Jio Credit Limited (JCL), a lending subsidiary of Jio Financial Services Limited, for approximately $1.9 billion. The investment will be made through a preferential allotment of equity shares and warrants, initially giving Bank of America a 26.5% stake. JCL has built assets under management of approximately $3.2 billion within two years of operations. The joint venture aims to combine JFSL's digital reach and knowledge of the Indian market with Bank of America's global financial services expertise. The partnership will have equal board representation from both companies. JCL's existing management team will continue driving strategy and operations, and the subsidiary will remain consolidated in JFSL's financial reporting. The transaction is subject to regulatory and statutory approvals.
Bank of America Corporation will invest up to ₹18,268 crore in Jio Credit Limited, the wholly-owned subsidiary of Jio Financial Services. The investment, structured as a preferential allotment of equity shares and warrants, values the deal at up to ₹18,268.22 crore. BofA will initially acquire 4.3 crore equity shares worth approximately ₹6,613 crore. It will also receive 7.6 crore warrants for up to ₹11,655 crore, convertible into equity within 18 months. The partnership aims to combine Jio Financial Services' digital reach with Bank of America's global expertise. Jio Credit Limited operates as one of India's fastest-growing non-banking financial companies with approximately ₹30,667 crore in assets under management as of June 2026.
Bank of America launched a $250 billion initiative to finance US infrastructure development over 18 months, ending 4 July 2027. The Critical Infrastructure Finance Initiative will focus on digital infrastructure, including data centres and semiconductors; energy and power infrastructure, covering conventional and renewable generation; and core infrastructure, such as transportation and water systems. Progress will be tracked through qualifying primary-market transactions, including lending, investing, capital markets activity, and advisory work, from 1 January 2026 through 4 July 2027. The bank's Global Capital Solutions and Global Infrastructure and Sustainable Finance teams will oversee the effort across all eight business lines. Bank of America said the initiative could generate tens of thousands of jobs in construction, manufacturing, technology, and infrastructure sectors.
Bank of America initiated coverage of Tower Semiconductor with a Buy rating and a $367 price target, seeing significant upside despite shares tripling over the past year. The Israel-based specialty foundry recently posted its best quarter ever. Analyst Oliver Wong set the target at 20 times projected 2028 enterprise value to EBITDA, with earnings estimates 13% and 28% above consensus for 2027 and 2028 respectively. BofA believes the market undervalues Tower's leadership in silicon photonics chips, used in transceivers that carry data across AI data centres. The firm expects Tower's silicon photonics revenue to double in 2026. The segment grew over 270% year-over-year in Q2 2026, reaching an annualised run rate above $680 million.