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BofA (BAC) Plans to Add 600 Call Center Jobs in Hunt Valley
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Bank of America Corporation (BAC - Free Report) is planning to add nearly 600 new jobs at its offices in Hunt Valley. These will primarily be call centers and staff supportrelated jobs.
BofA has a 377,000-square-feet financial center complex, consisting of two buildings, in Hunt Valley. Notably, last year, the bank already added 300 jobs at its Hunt Valley campus, which increased its total job force in that location to almost 900.
According to Baltimore County officials, this addition of 600 jobs will raise the total workforce at the site to almost 1,500 by 2020.
In order to handle the increasing workforce in its Hunt Valley campus, BofA has already increased space, renovated the interior and added parking.
The company’s decision to expand in Hunt Valley has been praised by the county and state officials.
Baltimore County Executive, Kevin Kamenetz said, “Bank of America chose to add hundreds of new jobs in Baltimore County because we listened and were able to provide what the company needed — a talented financial services workforce and fast-track design approval and permitting to meet their expansion timeline.”
Kamenetz also said that the county made BofA’s task easier as it accelerated permit approvals for the work that the company did on its complex. He has noted that the county has one dedicated employee, who by giving permission, guides these types of projects.
However, he said that BofA has not been given any financial incentives by the county for its work.
According to the county’s announcement, Hunt Valley is “one of Baltimore County’s most vibrant employment centers.”
In fact, Sabina Kelly, president of BofA’s Greater Maryland Market also noted that the company was glad to expand its operations in Baltimore County.
Gov. Larry Hogan stated in a statement that the bank’s expansion of its operations in this area “is further proof that Maryland is Open for Business.”
BofA’s efforts to streamline and simplify operations, as well as its initiatives to continuously align its banking center network according to customers’ needs, through divestitures/consolidations of branches, are expected to aid its financial performance.
Shares of the company gained 33.6% in 2017, which outpaced the 18.9% rally for the industry.
Currently, the stock carries a Zacks Rank #3 (Hold).
BB&T’s Zacks Consensus Estimate for earnings for 2018 has been revised 11.6% upward, in the last 60 days. Also, its share price has increased 14.6% in the past 12 months.
Citigroup’s current-year earnings estimates have been revised 6.3% upward, in the last 60 days. Further, the company’s shares gained 23% in a year’s time.
Comerica’s Zacks Consensus Estimate for earnings for 2018 has been revised 14.5% upward, over the last 60 days. In the past year, its shares gained 36.1%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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BofA (BAC) Plans to Add 600 Call Center Jobs in Hunt Valley
Bank of America Corporation (BAC - Free Report) is planning to add nearly 600 new jobs at its offices in Hunt Valley. These will primarily be call centers and staff supportrelated jobs.
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BofA has a 377,000-square-feet financial center complex, consisting of two buildings, in Hunt Valley. Notably, last year, the bank already added 300 jobs at its Hunt Valley campus, which increased its total job force in that location to almost 900.
According to Baltimore County officials, this addition of 600 jobs will raise the total workforce at the site to almost 1,500 by 2020.
In order to handle the increasing workforce in its Hunt Valley campus, BofA has already increased space, renovated the interior and added parking.
The company’s decision to expand in Hunt Valley has been praised by the county and state officials.
Baltimore County Executive, Kevin Kamenetz said, “Bank of America chose to add hundreds of new jobs in Baltimore County because we listened and were able to provide what the company needed — a talented financial services workforce and fast-track design approval and permitting to meet their expansion timeline.”
Kamenetz also said that the county made BofA’s task easier as it accelerated permit approvals for the work that the company did on its complex. He has noted that the county has one dedicated employee, who by giving permission, guides these types of projects.
However, he said that BofA has not been given any financial incentives by the county for its work.
According to the county’s announcement, Hunt Valley is “one of Baltimore County’s most vibrant employment centers.”
In fact, Sabina Kelly, president of BofA’s Greater Maryland Market also noted that the company was glad to expand its operations in Baltimore County.
Gov. Larry Hogan stated in a statement that the bank’s expansion of its operations in this area “is further proof that Maryland is Open for Business.”
BofA’s efforts to streamline and simplify operations, as well as its initiatives to continuously align its banking center network according to customers’ needs, through divestitures/consolidations of branches, are expected to aid its financial performance.
Shares of the company gained 33.6% in 2017, which outpaced the 18.9% rally for the industry.
Currently, the stock carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the same space are BB&T Corporation , Citigroup (C - Free Report) and Comerica Incorporated (CMA - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BB&T’s Zacks Consensus Estimate for earnings for 2018 has been revised 11.6% upward, in the last 60 days. Also, its share price has increased 14.6% in the past 12 months.
Citigroup’s current-year earnings estimates have been revised 6.3% upward, in the last 60 days. Further, the company’s shares gained 23% in a year’s time.
Comerica’s Zacks Consensus Estimate for earnings for 2018 has been revised 14.5% upward, over the last 60 days. In the past year, its shares gained 36.1%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>