Bank of America Corp. (BAC), Wednesday announced its plan to add 10,000 more individuals with military backgrounds and 8,000 new hires from community colleges over the next five years, aiming to expand economic opportunity nationwide.
Moreover, the company aims to create 700 financial center jobs in new growth markets, including Alabama, Idaho, Louisiana and Wisconsin, underscoring its commitment to driving economic growth and creating jobs at the local level.
"Our commitment to hire individuals with a broad range of skills and experiences is key to how we recruit talent to best serve our clients," said Sheri Bronstein, Chief People Officer at Bank of America.
Currently, BAC is trading at $51.55, up 1.75 percent on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.