Consumer Investments - Investment Specialist Trainee
About the job
- The candidate must be client-focused and demonstrate a passion for excellence and a positive team attitude.
- The candidate must be self-motivated, goal-oriented, and able to multitask in a fast-moving, performance-based environment.
- The candidate must be able to identify clients’ needs, find appropriate solutions, and refer sales opportunities to specialist and sales teams.
- The candidate must be an effective communicator with an aptitude for sales and relationship management.
- The candidate must have strong computer skills.
- The candidate must be prepared to pass the Security Industry Essentials, Series 7, and Series 66 licensing exams.
- The candidate must desire to establish a long-term career in the financial services industry.
- The minimum education requirement is a high school diploma, GED, secondary school qualification, or equivalent.
- Provide phone-based services to relationship jobs by handling inbound service calls and addressing clients’ financial needs.
- Identify clients’ needs and find appropriate solutions by referring sales opportunities to specialist and sales teams.
- Focus daily on service-to-sales activities with existing Merrill clients.
- Provide exceptional client care, grow client relationships, and guide clients with needs-based solutions that support their financial goals.
- Manage products, trade in self-directed accounts, and maintain knowledge of chat functionality and a wide variety of products.
- A bachelor's degree in a related field or at least one year of experience in a performance-based environment.
- A FINRA Security Industry Essentials license or other financial services licenses, with interest in pursuing the Series 7 and/or Series 66 licenses.
- Leadership capabilities.
About the company
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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Simplify's Take
What believers are saying
- September 2026 Payments Insights uses proprietary benchmarks, increasing CashPro stickiness and treasury wallet share.
- June 2026 cross-border real-time payments launch expands international transaction volume through Swift and CashPro.
- 2Q26 revenue rose 15% to $31.6 billion, with net income up 27%.
What critics are saying
- 2026 branch closures, including Elma and Washington, expose shrinking physical distribution and defections.
- March 2026 Elma layoffs triggered WARN scrutiny over 170 employees, inviting legal and reputational costs.
- 2Q26 profits leaned on markets: a trading cooldown would quickly compress Bank of America returns.
What makes Bank of America unique
- CashPro serves 35,000+ companies; Payments Insights launched September 28, 2026 deepens treasury lock-in.
- 2Q26 Global Markets revenue reached $7.1 billion, powered by 33% sales-and-trading growth.
- 2Q26 GWIM client balances hit $4.9 trillion, giving Bank of America enormous wealth scale.
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Benefits
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
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.
Bank of America has maintained its buy rating and $989 price target for Caterpillar after the industrial equipment maker secured 283 megawatts in AI-backed orders. The company has become an unexpected beneficiary of the artificial intelligence boom, as data centres require massive amounts of electricity and power equipment. Caterpillar posted its first quarter above $20 billion in sales during Q2, up 24% to $20.5 billion. Power generation retail sales surged 72% on demand for large generator sets and turbines for data centres. The company's backlog reached $72 billion, with power and energy customers placing orders through 2030. The latest catalyst came from Atlas Energy Solutions, which announced agreements with an unnamed frontier AI lab for two data centres using Caterpillar equipment.
Bank of America has reiterated its buy rating on Hewlett Packard Enterprise ahead of the company's networking investor day on 30 September. Analyst Wamsi Mohan maintained an $88 price target, representing roughly 40% upside from recent levels. HPE shares have more than doubled this year following the company's $14 billion acquisition of Juniper Networks in July. The deal transformed networking into HPE's fastest-growing segment, with third-quarter networking revenue jumping 74.9% to $2.9 billion. Bank of America expects the data centre networking market to grow about 40% annually through 2030, up from HPE's earlier 15% estimate. The firm projects HPE's networking revenue will compound at 15% to 20% yearly. However, BofA's model shows free cash flow potentially dipping to $2.75 billion in fiscal 2028 as capital spending rises sharply.
Almaty International Airport has secured a $670 million syndicated loan organised by Bank of America for further development. The Eurasian Bank for Reconstruction and Development (EABRD) served as anchor lender, providing $100 million of the total amount. The financing will support modernisation of the domestic terminal, airfield infrastructure improvements, expansion of cargo facilities, and development of de-icing facilities for aircraft. The project aims to enhance connectivity between international and domestic terminals, accelerate baggage handling, and optimise apron operations. Almaty Airport is Central Asia's largest aviation hub, serving over 32,000 passengers daily and reaching 12 million passengers in 2025. The syndicate includes Merrill Lynch International, Société Générale, Turkic Investment Fund, and Kazakh banks. The loan matures in 2033.
Bank of America analyst Vivek Arya initiated coverage on IonQ with a Buy rating and $60 price target, representing 33% upside from the stock's $45 trading level at initiation. Arya believes IonQ's recent acquisitions of Seed Innovations in January and SkyWater Technology in July could accelerate quantum computing's commercial timeline. The SkyWater deal gives IonQ direct control over chip manufacturing for its next-generation Superion systems, addressing a critical hardware dependency. IonQ reported second-quarter revenue of $80.05 million, up 287% year-over-year, marking five consecutive quarters of record results. The company raised full-year 2026 revenue guidance to $455 million from $285 million following the SkyWater acquisition. Bank of America's valuation applies a blended 5.4 times fiscal 2030 enterprise value-to-sales multiple, implying 69% compound annual growth rate through 2030. The forecast requires IonQ to hit engineering milestones whilst avoiding competitive disruption from IBM, Google, or emerging startups.