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BAC
Why Wells Fargo And Bank Of America Shares Are Trading Lower Today
Wells Fargo & Co (NYSE:WFC) and Bank of America Corp (NYSE:BAC) shares are trading lower by 1.2% and 0.9%, respectively, Thursday afternoon following worse-than-expected U.S. jobless figures and inflation data. While jobless claims slightly missed consensus estimates, they fell for the sixth straight week.
BAC
3 Dividend Kings to Bank on
These financial stocks are dividend kings, which means they have a strong history – and likely a strong future – of raising their payouts. The post 3 Dividend Kings to Bank on appeared first on InvestorPlace.
BAC
BofA Expands Its Digital B2C Payment Offerings with Pay to Card
NEW YORK--(BUSINESS WIRE)--Bank of America is adding a new payment solution to its suite of business-to-consumer (B2C) payment capabilities. Named Pay to Card, the solution supports corporates' growing need to pay consumers quickly and digitally by depositing funds directly into an individual's or small business' bank ...
BAC
Factbox: Bank of America's next CEO? List of possible candidates
Bank of America Corp Chief Executive Brian Moynihan has been at the helm for more than a decade, having guided the bank out of a financial crisis and transformed it into a nimbler operation.
BAC
Analysis: Bank of America leaves Wall Street wondering about next CEO
When Brian Moynihan took the reins at Bank of America Corp in 2010, the U.S. bank was reeling.
BAC
Zscaler, Inc. (ZS) CEO Jay Chaudhry Presents at Bank of America Merrill Lynch 2021 Global Technology Brokers Conference (Transcript)
Zscaler, Inc. (ZS) CEO Jay Chaudhry Presents at Bank of America Merrill Lynch 2021 Global Technology Brokers Conference (Transcript)
BAC
BCAT: Moving Higher And A 5.77% Distribution Yield
BCAT: Moving Higher And A 5.77% Distribution Yield
BAC
PayPal Holdings, Inc. (PYPL) CEO Dan Schulman Presents at Bank of America Merrill Lynch 2021 Global Technology Conference (Transcript)
PayPal Holdings, Inc. (PYPL) CEO Dan Schulman Presents at Bank of America Merrill Lynch 2021 Global Technology Conference (Transcript)
BAC
Why Banks May Be Flush With Deposits for Some Time
Not only does it look like banks have made more holistic relationships with new deposit customers, but deposit pricing tends to lag interest rate hikes.
BAC
Bank of America (BAC) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Bank of America (BAC) closed at $42.88, marking a -0.56% move from the previous day.
BAC
Qorvo, Inc. (QRVO) CEO Bob Bruggeworth Presents at Bank of America Securities 2021 Global Technology Conference (Transcript)
Qorvo, Inc. (QRVO) CEO Bob Bruggeworth Presents at Bank of America Securities 2021 Global Technology Conference (Transcript)
BAC
FireEye, Inc. (FEYE) CEO Kevin Mandia Presents at BofA Securities 2021 Global Technology Conference (Transcript)
FireEye, Inc. (FEYE) CEO Kevin Mandia Presents at BofA Securities 2021 Global Technology Conference (Transcript)
BAC
Bank of America Announces Redemption of Floating Rate Senior Notes, due June 2022
CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation announced today that it will redeem on June 25, 2021 all $850,000,000 principal amount outstanding of its Floating Rate Senior Notes, due June 2022 (CUSIP No. 06051GHJ1) (the “Notes”). The redemption price for the Notes will be equal to 100% of the principal...
BAC
Workday, Inc. (WDAY) CEO Aneel Bhusri Presents at Bank of America Merrill Lynch 2021 Global Technology Conference (Transcript)
Workday, Inc. (WDAY) CEO Aneel Bhusri Presents at Bank of America Merrill Lynch 2021 Global Technology Conference (Transcript)
BAC
Federal Reserve to release 2021 bank stress test results June 24
The Federal Reserve announced Monday that it would publish the results of its annual stress test of the nation's largest banks on June 24.
BAC
7 Wide-Moat Stocks to Buy if You're a Fan of Warren Buffett
Wide-moat Warren Buffett stocks are typically robust choices for long-term investors. Here're seven of the best to consider.
BAC
VYM: A Look Under The Hood
VYM: A Look Under The Hood
BAC
The 5 Most-Sold Guru Stocks of the 1st Quarter
The first quarter ended March 31 marked the fourth consecutive quarter of the latest bull run for U.S. stock markets, with the major indexes once again reaching new unprecedented highs. The S&P 500 surpassed 3,900 for the first time in history during this period, the Nasdaq rocketed above 14,000 and the Dow Jones Indus...
BAC
Bank of America Corporation (BAC) CEO Brian Moynihan Presents at Alliance Bernstein 37th Annual Strategic Decisions Conference (Transcript)
Bank of America Corporation (BAC) CEO Brian Moynihan Presents at Alliance Bernstein 37th Annual Strategic Decisions Conference (Transcript)
BAC
Bank Of America Stock Dividend: What To Know About The Possible Increase
Shares of BAC have gained momentum over the last several months, benefiting from the strengthening economic recovery. The company could announce a dividend increase later this month pending the FED's bank stress test results.
BAC
Bank of America (BAC) Gains But Lags Market: What You Should Know
Bank of America (BAC) closed at $42.94 in the latest trading session, marking a +0.05% move from the prior day.
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How to Find the Hottest Stocks This Summer
Just because tech and growth stocks have cooled, doesn't mean there aren't hot industries. Here's how to find the stocks with big momentum in 2021.
BAC
Bank stocks are a good place to be if inflation concerns grow: KBW CEO Thomas Michaud
Bank stocks pulled back Wednesday after their recent surge. The KBW Bank Index touched a yearly high Tuesday and is up about 75% over the past 12 months.
BAC
The Big Four Banks+
Banks had fantastic results. The question is what follows? The pandemic hasn't made the banks weaker; it's made them stronger. The health of the banking system is akin to taking a blood sample of the economy.
BAC
Bank of America Awards $350,000 to Texas Tech University School of Veterinary Medicine
AMARILLO, Texas--(BUSINESS WIRE)--The Texas Tech University (TTU) School of Veterinary Medicine (SVM) is receiving $350,000 in gift funds from Bank of America to build and support a new world-class school of veterinary medicine to address the region's growing shortage of veterinary resources. The new 185,000 square-foo...
BAC
McDonald's, Bank of America Under Pressure to Raise Wages
May.27 -- As the U.S. economy rebounds from the ravages of Covid-19, the country's biggest corporations find themselves in need of workers, putting upward pressure on pay. Bloomberg's Joe Wiesenthal digs into recent wage moves by companies like McDonald's, Bank of America and Costco.
BAC
New to Investing? This 1 Finance Stock Could Be the Perfect Starting Point
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.
BAC
FDIC-Insured Banks' Q1 Earnings Up, NIM & Loan Balance Shrink
Negative provisions, higher non-interest income and solid rise in deposit aid FDIC-insured banks' Q1 earnings. Thus, major banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC) & Truist Financial (TFC) see growth in financials.
BAC
U.S. banks are poised for 'record level' earnings in 2021, says IIF
IIF CEO Tim Adams said an improving economy will help bank lending and fee income to pick up, while a buoyant markets will boost trading revenue.
BAC
Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
Bank of America (BAC) closed the most recent trading day at $42.55, moving +1.21% from the previous trading session.
BAC
Wall Street bank CEOs face fee criticism in second round with Congress
The heads of major U.S. retail banks faced renewed criticism Thursday from Democratic lawmakers who said financial institutions should not have charged Americans billions of dollars in overdraft and other fees during the pandemic.
BAC
Capitol Report: Republicans slam Wall Street CEOs for appeasing ‘the woke left,' Democrats allege inaction on climate, worker welfare and racial justice
The CEOs of the nation's six largest banks took punches from both sides of the aisle at a House Financial Services committee Thursday
BAC
Maxine Waters questions big bank CEOs on loans for minority homeowners
Rep. Maxine Waters (D-Calif.), committee chairwoman, begins the questioning of big bank CEOs Jamie Dimon, J.P.
BAC
Getting The Big Banks To Confront The Quantum Challenge
It's time the nation's biggest banks like Citigroup and Goldman Sachs create a Quantum Task Force to promote quantum and post-quantum solutions to cyberattack not just for themselves but throughout the financial system.
BAC
Capitol Report: Wall Street CEOs struggle to respond as Senate Democrats voice frustrations about U.S. economic trends
The highly-anticipated Senate hearing Wednesday showed that Democrats have worries about broad economic trends that go beyond the scope of what big banks CEOs really wanted to talk about.
BAC
Big Bank CEOs testimony on crypto concerns went well, says this investor
CNBC's Kelly Evans discusses how Big Bank CEOs testified on crypto market concerns with Anton Schutz, president and chief investment officer of Mendon Capital Advisors.
BAC
Nation's top bank CEOs testify before Congress during contentious hearing
CNBC's Wilfred Frost reports the latest on the Senate Banking Committee hearing that includes the country's top bank CEOs.
BAC
Hillman Capital Exits Nordstrom, Goldman Sachs
Mark Hillman (Trades, Portfolio)'s Hillman Capital Management sold shares of the following stocks during the first quarter of 2021, which ended on March 31.
BAC
BofA's Moynihan: We can increase both lending and buybacks
Brian Moynihan, Bank of America CEO, answers questions from the Senate Banking Committee.
BAC
Big bank CEOs to testify before Congress on pandemic response
The chief executives of the largest banks in the U.S. will testify before Congress on Wednesday and Thursday to discuss how they have stepped up efforts to bank under-served communities. Brian Cheung breaks down what to expect from the 2-day event.
BAC
Jim Cramer on Big Banks CEOs preparing to testify on Capitol Hill
Big Bank CEOs including JPMorgan Chase's Jamie Dimon, Wells Fargo's Charles Scharf, Citi's Jane Fraser and Goldman Sachs' David Solomon will kick off two days of hearings before the Senate Banking Committee on Wednesday. CNBC's Jim Cramer, Carl Quintanilla and David Faber discuss.
BAC
Sen. Pat Toomey says he wants to hear bank CEOs 'defend capitalism' during testimony
Sen. Pat Toomey (R-Pa.), the top Republican senator in charge of overseeing Wall Street regulation, told CNBC's "Squawk Box" Wednesday that he is hoping the chief executives of the nation's largest lenders will "defend capitalism" when they appear before his committee.
BAC
Wall Street CEOs to testify before Senate Banking Committee — live blog
Wall Street CEOs to testify before Senate Banking Committee — live blog
BAC
Hedge and Mutual Fund Managers Love These Red-Hot Financials
To say that Wall Street portfolio managers tend to talk amongst themselves is probably an understatement, as those in the industry tend to mingle professionally and socially.
BAC
Former Aviva CFO Stoddard joins BofA as investment banking vice chair
Former Aviva Plc Chief Financial Officer Tom Stoddard joined Bank of America Corp as vice chairman of investment banking, according to an internal memo, returning to his advisory roots after a stint in the insurance industry.
BAC
Bank Of America's Run Of Outperformance Fairly Values The Longer-Term Opportunity
Bank of America is emerging from the pandemic in good shape with respect to capital and credit, and spread/loan demand headwinds should ease as the year goes on. The pandemic accelerated customer acceptance of digital banking, which only plays to Bank of America's strengths in this area, giving the company more opportu...
BAC
Big banks look for post-pandemic rebound of credit card revenue
Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses. Lenders, including Capital One, Citigroup and JPMorgan, have been sending out more promot...
BAC
5 Stocks Billionaires Couldn't Stop Buying in Q1
Some of the world's most successful money managers piled into these popular stocks during the first quarter.
BAC
Should I buy Toyota shares after Bank of America assigned a buy rating?
Toyota Motor Corporation (NYSE: TM) shares have advanced from $139.29 above $163 since the beginning of February 2021, and the current price stands around $161. Toyota's business is going well, and at the current stock price, this company is fairly valued.
BAC
Bank of America (BAC) Gains As Market Dips: What You Should Know
In the latest trading session, Bank of America (BAC) closed at $42.40, marking a +1.27% move from the previous day.
BAC
Here's How Much Money Warren Buffett Has Made on Bank Stocks in 2021
Most of the talk about Buffett and banking has focused on his selling of bank stocks, but the Oracle of Omaha made some good money on his bank holdings in the first quarter of the year. Here's what we know.
BAC
Bank of America Stock Is Fairly Priced
Bank of America stock has gained more than 125% since the March 23 lows of last year and at its current price of $42 per share, it is at the same level as its fair value of $42 – Trefis' estimate for Bank of America's valuation. Further, the U.S. bank stocks have enjoyed a strong rally in 2021.
BAC
Bank of America CEO talks raising minimum wage to $25 an hour by 2025
Bank of America CEO Brian Moynihan said the bank is "willing to pay what it takes" to hire career-minded workers and retain the best talent.
BAC
Andreas Halvorsen Sells Disney, Buys Bank of America
Andreas Halvorsen (Trades, Portfolio)'s Viking Global Investors recently released its portfolio updates for the first quarter of 2021, which ended on March 31.
BAC
U.S. banks ready to start limiting balance sheet growth - Fed survey
About two-thirds of U.S. banks are either already taking measures to limit the growth in their balance sheets or would take steps to cap them if they continue growing, a Federal Reserve survey of bank finance officers showed on Thursday.
BAC
Bruce Berkowitz's Top 4 Sells in the 1st Quarter
Bruce Berkowitz (Trades, Portfolio), founder and managing member of Fairholme Capital Management, disclosed this week that his firm's top four sells during the first quarter were in The St. Joe Co. ( JOE , Financial), Bank of America Corp. ( BAC , Financial), Canadian Natural Resources Ltd. ( CNQ , Financial) and Cinci...
BAC
Union Pacific Corporation (UNP) CEO Lance Fritz Presents at BofA Securities 2021 Virtual Transportation, Airlines, and Industrials Conference (Transcript)
Union Pacific Corporation (UNP) CEO Lance Fritz Presents at BofA Securities 2021 Virtual Transportation, Airlines, and Industrials Conference (Transcript)
BAC
Alcoa Corporation (AA) CEO Roy Harvey Presents at Bank of America Global Metals, Mining & Steel Virtual Conference 2021 (Transcript)
Alcoa Corporation (AA) CEO Roy Harvey Presents at Bank of America Global Metals, Mining & Steel Virtual Conference 2021 (Transcript)
BAC
Card Issuers' Delinquencies & Charge-Offs Decline in April
Major card issuers - JPMorgan (JPM), BofA (BAC), Capital One (COF), Citi (C), Synchrony Financial (SYF), Discover Financial (DFS) & American Express (AXP) - witness fall in credit card metrics in April.
BAC
Bank Of America: A Preferred Worth Holding
Bank of America's "busted" preferred has appeal for income investors.
BAC
Bank of America Raising Minimum Wage to $25 Per Hour
The bank will also require its vendors to pay an hourly minimum of $15.
BAC
Bank of America to Raise Minimum Wage to $25 an Hour
May.18 -- Bank of America will boost its minimum hourly wage to $25 an hour by 2025 from a current $20, according to its Chief Executive Officer Brian Moynihan. Bloomberg's Alix Steel and Guy Johnson have more on "Bloomberg Markets.
BAC
Bank of America will raise its hourly minimum wage to $25 by 2025
Bank of America said Tuesday that it will raise the hourly minimum wage of its US employees to $25 by 2025.
BAC
Bank of America to raise U.S. minimum hourly wage to $25 by 2025
Bank of America said on Tuesday it will raise its U.S. minimum hourly wage to $25 by 2025.
BAC
Bank of America says it will boost minimum wage to $25 an hour by 2025
The second biggest U.S. bank by assets has helped push compensation higher in recent years.
BAC
Bank of America to boost minimum hour wage to $25 by 2025
Bank of America Corp. said Tuesday that it will raise its minimum hourly wage for U.S. employees to $25 by 2025. The announcement comes a little over a year after the bank raised its U.S. minimum wage to $20 an hour.
BAC
Bank of America and NACA Expand Mortgage Program to $15 Billion to help Low-to-Moderate-Income Homebuyers in Achieving Affordable Homeownership
CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America and the Neighborhood Assistance Corporation of America (NACA) today announced the expansion of their national affordable homeownership mortgage program, with a goal of providing $15 billion in mortgages to low-to-moderate income (LMI) homebuyers through May 2027. This p...
BAC
Fund managers position for ‘boom expectations' with tech demand at three-year lows, Bank of America survey finds
The Bank of America global fund manager survey for May found that investors were increasingly positioned to what it called "boom expectations" — with exposure to commodities, banks, materials, industrials, and U.K. and emerging market assets at highs relative to the last decade.
BAC
Paxos Crypto News: What to Know as Bank of America Embraces the Blockchain
Today, investors in the Paxos crypto have another catalyst to hang their hats on, as Bank of America signs onto the Paxos network. The post Paxos Crypto News: What to Know as Bank of America Embraces the Blockchain appeared first on InvestorPlace.
BAC
Final Trades: Alaska Air, Bank of America, Korn Ferry & more
The "Halftime Report" traders give their top picks to watch for the second half.
BAC
Bank of America (BAC) Settles Excessive Fees Probe for $75M
Bank of America (BAC) agrees to pay a penalty of $75 million to settle excessive fees probe.
BAC
Buy Alert: 3 All-Weather Bargains For When The Market Gets Scared
Buy Alert: 3 All-Weather Bargains For When The Market Gets Scared
BAC
BofA (BAC) Sees Q2 Loan Growth, Plans to Raise Capital Distribution
BofA (BAC) is expecting moderate loan growth for the second quarter, which along with steepening of the yield curve will support the top line. Also, the company plans to increase its capital deployments after clearing the 2021 stress test.
BAC
Big banks plan to give credit cards with no credit
Big banks are gearing up to give credit cards to people with no credit. FOX Business' Ashley Webster with more.
BAC
Some Big Banks May Consider Offering Credit Cards To Those Lacking Credit Scores, Says Report
At least 50 million U.S. adults, predominantly Blacks, Hispanics and the poor, have limited or no credit histories.
BAC
Exclusive: Fed privately presses big banks on risks from climate change
The U.S. Federal Reserve has asked lenders to start providing information on the measures they are taking to mitigate climate change-related risks to their balance sheets, according to four people with knowledge of the matter.
BAC
Bank of America Seeing 'Modest' Loan Growth in April and May
Modest loan growth and continued steepening of the yield curve could grow the bank's earnings significantly.
BAC
Bank of America plans dividend hike, buybacks: CEO Moynihan
Bank of America chairman and CEO Brian Moynihan, in an exclusive interview with FOX Business' Maria Bartiromo, said that he expects to increase dividends and share buybacks given 'shareholders ought to benefit' from the bank's profitability. Subscribe to Fox Business!
BAC
The Best Warren Buffett Stocks to Buy With $300 Right Now
You can invest in several great companies that Buffett likes with only a modest upfront amount.
BAC
Is Bank of America (BAC) Outperforming Other Finance Stocks This Year?
Is (BAC) Outperforming Other Finance Stocks This Year?
BAC
This Is the Best Bank Stock Nobody's Talking About
It has returned 75% this year and has plenty more room to run.
BAC
Bitcoin is coming to hundreds of U.S. banks this year: NYDIG
CNBC's Hugh Son details his reporting on crypto firm NYDIG suggesting big banks are looking to allow customers to buy, hold and sell bitcoin.
BAC
Berkshire Annual Meeting: Little And Big Things From Warren And Charlie That Were Easy To Miss
Berkshire Annual Meeting: Little And Big Things From Warren And Charlie That Were Easy To Miss
BAC
Bank of America downgraded at Baird
The "Halftime Report" traders debate Baird's call to downgrade Bank of America.
BAC
Final Trades: Estee Lauder, Bank of America, CrowdStrike & more
The "Halftime Report" traders give their top picks to watch for the second half.
BAC
Berkshire Annual Meeting Conclusion: Don't Be Afraid To Trade The Opposite Of Warren Buffett
Berkshire Annual Meeting Conclusion: Don't Be Afraid To Trade The Opposite Of Warren Buffett
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Warren Buffett Has Gained $158 Billion on These 4 Stocks
Berkshire Hathaway is sitting on $196 billion in unrealized investment gains. These four companies account for 80% of those gains.
BAC
Bank of America poaches Citi's Regniez to co-head France investment banking
Bank of America has hired Emmanuel Regniez from Citigroup to co-head its investment banking franchise for France as it seeks to strengthen its network of European hubs after Brexit, according to a memo seen by Reuters.
BAC
Warren Buffett: Top Stocks by Market Cap Different Today Compared to 1989
Berkshire Hathaway Inc. ( , Financial)">BRK.A)( BRK.B , Financial) CEO Warren Buffett (Trades, Portfolio) said during the insurance conglomerate's annual shareholder meeting on Saturday that the top-20 stocks by market cap today are significantly different than the top-20 stocks by market cap in 1989.
BAC
Warren Buffett's Favorite Bank Stock
Banking is one of Buffett's favorite industries, but he's betting a lot on one bank stock in particular.
BAC
Bruce Berkowitz's Fairholme Fund Cashes Out of Bank of America, Chips Imperial Metals Stake
In its portfolio for the first quarter of 2021, which was released earlier this week, the Fairholme Fund (Trades, Portfolio) disclosed it reduced its position in one stock while completely divesting another.
BAC
3 Bank Stocks That Could Be Big Winners as Rates Rise
All banks generally benefit as interest rates climb, but these could be especially big winners.
BAC
The 5 Biggest Bank Stocks Investors Need to Know
Here's a rundown of the largest U.S. banks and the key differences among them.
BAC
Wall Street Soars in Biden's First 100 Days in Office: 5 Picks
We have narrowed down our search to five U.S. corporate bigwigs (market capital > 20 billion) with a favorable Zacks Rank. These are: XOM, GS, BAC, LRCX and NUE.
BAC
Warren Buffett Generates Half of His Dividend Income From These 3 Stocks
This trio will pay out $2.16 billion this year to Berkshire Hathaway.
BAC
Loan Growth Would Pump Up Bank of America's Earnings -- But Will It Come This Year?
Some modest loan growth later this year could increase Bank of America's current net interest income level by $1 billion in the fourth quarter.
BAC
F Stock: $15 Target By Bank Of America
The shares of Ford Motor Company (NYSE: F) have received a price target increase from $14 to $15 by Bank of America. These are the details.
BAC
A Very Strong Earnings Picture for Q1 and Beyond
A Very Strong Earnings Picture for Q1 and Beyond
BAC
A Very Strong Earnings Picture for Q1 and Beyond
A Very Strong Earnings Picture for Q1 and Beyond
BAC
Rising Savings Are a Mixed Blessing for Banks
Pandemic lockdowns and stimulus checks have helped Americans save more money, a mixed blessing for banks. For instance, higher savings lead to more deposits, allowing banks to lend more funds.