Recognizing Bank of America’s ability to adapt to challenging market conditions and ever-changing client needs, Euromoney Magazine has named Bank of America World’s Best Bank for Digital, Diversity and Inclusion, Financing and Markets, in addition to eleven regional and country awards. The honor was announced last night at Euromoney’s Awards for Excellence gala in London, an annual event that recognizes outstanding leadership in financial services.
Euromoney’s editor Louise Bowman said, “In this year’s awards period Bank of America posted the biggest year-on-year percentage increase in its sales and trading revenues of any of the big five US players. The Porsche IPO was a powerful demonstration of the strength and scale of the networks that it can call on when conditions are challenging. But it wasn’t just about scale. It was also about realizing the extent to which markets have changed and understanding how to read them.”
Commenting on the award, Bank of America Chair and Chief Executive Officer Brian Moynihan said, “I am proud of all that our company and our team achieved in 2022, and for being acknowledged by Euromoney in fifteen categories. We adopted Responsible Growth in 2014 and those tenets continue to serve as the foundation for our strong performance and progress under varied market conditions. This honor is a testament to our proven operating model, which sets us up for the future and positions us to deliver on profits and purpose for our clients, our teammates, our communities and shareholders.”
This is the first time Bank of America has won the World’s Best Bank for Global Markets award, which recognizes the transformation of the bank’s sales and trading business.
The inaugural recipient of the World’s Best Bank for Diversity and Inclusion award in 2016, this year’s recognition marks the fourth time Euromoney has recognized the company with this honor.
Bank of America won in the following global, regional and country categories:
- World’s Best Digital Bank
- World’s Best Bank for Diversity and Inclusion
- World’s Best Bank for Financing
- World’s Best Bank for Markets
- North America’s Best Bank for SMEs
- North America’s Best Bank for Sustainable Finance
- North America’s Best Digital Bank
- North America’s Best Bank for Financing
- Best Investment Bank in Brazil
- Best Investment Bank in Colombia
- Best Investment Bank in Mexico
- Best Investment Bank in Peru
- Latin America’s Best Bank for Advisory
- Latin America’s Best Investment Bank
- Western Europe’s Best Bank for Corporate Responsibility
The Euromoney Awards for Excellence were established in 1992 and are the global benchmark for the banking industry.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.