03:15 AM EST, 12/13/2024 (MT Newswires) -- (Updates with Bank of America's ( BAC ) response in the last paragraph.)

Bank of America ( BAC ) has promoted 387 employees to managing director in 2024, 16% more than in the previous year, Reuters reported Wednesday, citing a person familiar with the matter.

More than half of the promoted employees were women and people of color, the report said.

Bank of America ( BAC ) declined MT Newswires' request for comment.

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