Bank of America is one of the leading financial institutions in the United States. In recent Bank of America news, the company announced the launch of its Alts Expanded Access Program.
Prior to this launch, Bank of America also released its second-quarter 2025 earnings and detailed upcoming upgrades to its trading infrastructure for European markets.
Bank of America News: BofA Launches Alts Expanded Access Program With Merrill Wealth Management
Merrill Wealth Management and Bank of America Private Bank announced a new initiative on September 4: the Alts Expanded Access Program.
This program will open in fall 2025 and is available exclusively to ultra-high-net-worth individuals with a minimum net worth of $50 million.
The goal is to expand the investment tools available to this client group by providing selective exposure to private market opportunities.
It’s designed as an extension of Merrill’s and Bank of America Private Bank’s existing Alternative Investments platform.
Q2 2025 Earnings Beat Forecasts as Market Turmoil Boosts Trading
Bank of America on July 16, 2025, delivered better-than-expected second quarter earnings, posting a profit of $7.1 billion, or 89 cents a share.
$BAC reports Q2 2025 financial results.https://t.co/9dtPaSMHVH pic.twitter.com/zERym6etiO
— Bank of America (@BankofAmerica) July 16, 2025
Analysts had expected 86 cents, according to LSEG data.
The beat was a product of market turbulence, which funneled more clients to its trading desks amid ongoing trade policy shifts and geopolitical disruptions.
Sales and trading revenue rose 15% to $5.4 billion, the highest ever for a second quarter. Equities revenue grew 10%, while fixed income, currencies, and commodities gained 19%.
Bank of America also noted this is the 13th consecutive quarter of year-over-year growth in this division.
In line with this Bank of America news, despite the profit gain, BofA’s stock dipped nearly 1% at the open.
It’s still up over 4% year-to-date but continues to trail both its largest peers and the KBW Bank Index.
Furthermore, the bank set aside $1.6 billion for potential credit losses, slightly above the $1.5 billion reserved last year.
Bank of America News: BofA Revamps Trading Technology to Climb Top 3 in European Markets
In other Bank of America news, BofA is targeting a spot among the top three for both equities and fixed income in European trading.
Brian Weinstein, who now leads the EMEA markets division, said the bank has hired more salespeople.
At the same time, BofA invested in new trading systems across Europe, the Middle East, and Africa to narrow the gap with U.S. rivals.
Weinstein also emphasized that the current focus involves deeper integration between fixed income, currencies, commodities, and equities operations to improve performance and execution.
Final Thoughts
Bank of America enters the second half of 2025 with steady fundamentals and a cautious but deliberate approach to growth.
The launch of the Alts Expanded Access Program adds dimension to its wealth management strategy, targeting a client segment with long-term revenue potential.
The outlook also remains measured but constructive, backed by a solid balance sheet and a pivot toward more differentiated client offerings.
To keep up with Bank of America news and more business finance developments, subscribe to Financial Daily Update today.
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