Company
Bank of America Corp
NYSE:BAC
Bank of America Corp 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 (automated teller machines) and award-winning digital banking with approximately 57 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.
128 stories · page 1 of 2
S&P 500 powers to fresh record close, erasing recent Iran-related losses
Investors paused for breath while watching developments around potential US-Iran talks
S&P 500, Dow retreat after record highs amid corporate earnings flurry
This pullback followed significant gains on Monday
First Republic hit with insider dealing probe
First Republic executives have been hit with a regulatory probe into potential insider trading prior to its recent struggles
Archive
Fuller Treacy Comment of the Day - Banking Crisis Raises Concerns About Hidden Leverage in System, and more...
Comment of the Day27th March 2023Eoin TreacyMar 28Video commentary for March 27th 2023A link to today's video commentary is posted in the Subscriber's Area.Some of the topics discussed include: oil steadies, stocks eases into the close, yie
First Republic downgraded again as S&P points towards long-term challenges
First Republic Bank had its rating slashed by S&P again on Sunday, which pointed towards longer term issues with the lender
Bank of America boss defends ESG funds, assuring ‘we are capitalists’
Bank of America boss Brian Moynihan lashed out at against criticism of the firm’s ESG focussed funding on Tuesday, telling investors it is "capitalist"
Archive
Small-cap stocks could play a big role in revitalizing the stock market in 2023, BofA chief investment strategist says
Michael Hartnett called small-cap stocks "a smart way to approach economic recovery" this year
Dow Jones, S&P 500, Nasdaq pause for breath after recent volatility
At the close the Dow Jones Industrial Average was up 1 point at 33,597, the S&P 500 fell, for a fifth consecutive day, by 7 points, or 0.2%, to 3,934 while the Nasdaq Composite dipped 56 points, or 0.5%, 10,959.
Archive
Fuller Treacy Comment of the Day - US Job Openings Post Surprise Increase, Keeping Pressure on Fed, and more...
Comment of the DayVideo commentary for November 1st 2022A link to today's video commentary is posted in the Subscriber's Area.Some of the topics discussed include: unfounded speculation China will ease COVID-zero rules sparks rebound in res
Archive
Fuller Treacy Comment of the Day - New UK Prime Minister, Revving Exports to US Keeps India in Race to Be Next China, and more...
Comment of the DayVideo commentary for September 5th 2022A link to today's video commentary is posted in the Subscriber's Area. Some of the topics discussed include: Liz Truss is the new UK prime minister, now the hard work starts, Pound an
Investments and investor services
US stocks close lower Monday following afternoon reversal of fortune
The Dow Jones Industrials Average closed down 217 points, or 0.7%, on Monday to end at 31,072, while the Nasdaq Composite lost 92 points, or 0.8%, to 11,360 and the S&P 500 shed 32 points, or 0.8%, to 3,831
Investments and investor services
Canadian markets close down, mirroring global markets
The IMF cut Canada's economic growth forecast nearly half a percentage point to 1.5% in its new World Economic Outlook
Wall Street ends down after muted JOLTS report, Trump's EU tariff tweet
Investors also cast eyes on impending earning reports from banks, including JP Morgan Chase and Wells Fargo on Friday
RBS and Bank of America reportedly being sued by US investors over European government bond market cartel
The move follows an announcement by the European Union's anti-trust authority, published on 31 January, which accused eight banks of being part of a cartel to distort bond prices from 2007 to 2012
Investments and investor services
Late Movers: Alcoa picks up traction after-hours on swing to 4Q profit
Other stocks moving include Aurora Cannabis, Goldman Sachs, Ford, Bank of America, Sears, Snap and merger target First Data
Investments and investor services
Dow posts triple-digit gain as Goldman Sachs leads rally of bank stocks
Sears rose after agreeing to a $5 billion deal with Chairman Eddie Lampert that keeps 400 stores in operation
Rimfire Pacific Mining to assess Sorpresa discoveries this quarter
The company is awaiting assay data which is expected in January 2019.
European benchmarks finish day lower as Wall Street closed for George H.W. Bush funeral
A look at the European close. Wall Street is closed today due to the state funeral of George Bush senior
Berkshire Hathaway’s 13-F filing reveals Warren Buffett added $4B stake in JPMorgan
Buffett’s company bought a new stake in JPMorgan and upped its investment in Apple
CryptoCann™ Report: IMF Chair says central banks should consider issuing digital currency; Kickstarter gives DIY edibles kit the boot
International Monetary Fund Chair Christine Lagarde said that central banks should consider issuing digital currency to increase stability and boost distribution
Bank of America zips past Wall Street's 3Q forecasts due to rising interest rates
The North Carolina bank reported a 32% rise in earnings to $7.2 billion, or $0.66 per share, up from $5.4 billion in the year-ago quarter
Archive
EARLY MOVERS: Sears shares go south as it files for Chapter 11, while Harris Corp and L3 Technologies head north on 'merger of equals' plan
Also hitting headlines in pre-market deals before the bell is Bank of America, whose shares nudged up after its quarterly numbers.
Investments and investor services
FTSE 100 closes positively as PM Theresa May says gov't is working towards a good Brexit deal
Britain's blue-chip benchmark finished up around 31 points at 7,029
Funding Circle confirms plans for London listing in October
Funding Circle said Anders Holch Povlsen had agreed to buy 10% of the share capital through his investment vehicle Heartland A/S
CryptoCann™ Report: Alibaba holds top spot for blockchain patents; Cronos inks deal for lab-grown cannabis
Cronos is partnering with Boston-based biotech Gingko Bioworks to develop lab-grown cannabis
Wall Street shares seen lower as Netflix plunges; European benchmarks generally in the red
The Dow Jones Industrial Average closed up nearly 45 points to 25,064, while the S&P 500 lost 2.88
PRE-MARKET MOVERS: Bank of America Corp shares higher, BlackRock Inc down and Arconic Inc higher on takeover speculation
Also in the frame in pre-market deals is Deutshe Bank and its surprise quarterly result
PRE-MARKET MOVERS: Tesla boss Musk in farting unicorn image row; Wells Fargo and big banks up in pre-market
Constellation Brands and Nike were also in the telescopic spotlight of investors before the bell
Daily CryptoCann Report: Wells Fargo to ban crypto purchases on its credit cards; Aurora Cannabis acquires marijuana testing lab
JPMorgan Chase, Bank of America, Citigroup and TD Bank have also banned crypto purchases on their cards
Bank of America reports strong Q1 results on deposit and loan growth
The bank's earnings per share came to 62 US cents per share in Q1 on US$6.92bn in net income
Investments and investor services
US benchmarks close higher as earnings season points to strong growth
US stocks advanced as traders remain bullish about the corporate earnings season
Echelon analyst Ralph Garcea bets on Universal mCloud’s “unfair advantage”
Some of the world's top companies rely on mCloud's unique mix of AI, AR and 3D
Warren Buffett now has a US$28.2bn stake in Apple
With an old-school flip-phone in his pocket, you wouldn’t think Apple would be one of the investment guru’s favourite stocks, but a US$28.2bn stake would suggest otherwise
Investments and investor services
Stocks reach for the sky while Bitcoin stages a recovery
The Dow enjoyed its best session in seven weeks, rising 323 points
Bank of America's fourth quarter numbers disappoint
"Responsible growth delivered solid results in 2017," said Brian Moynihan, the bank's CEO said
Bank of America's broking arm Merrill Lynch fined £34.5mln by UK financial regulator
The Financial Conduct Authority said the fine was imposed because Merrill Lynch failed to report 68.5mln exchange traded derivative transactions between February 2014 and February 2016
Nasdaq Composite closes on new high despite stocks easing back in the afternoon session
The Nasdaq rose 14 points on the day to close at a record closing level of 6,606.
Bank of America shares up premarket after third quarter results beat market expectations
All was not rosy however. The lender, together with other bankers, had warned that trading revenue would come under pressure
FTSE 100 ends week on a dull note
After looking like it might regain par, the Footsie faded in the final 15 minutes of trade
Nasdaq powers up 83 pts into close as tech stocks bounce back
US shares are heading higher at the close on Wall Street
Berkshire Hathaway, Bank of America, AeroVironment Inc - AFTER HOURS
We stayed up at Proactive to see what was happeninbg after hours in New York
Goldman Sachs posts steep drop in trading revenues although second quarter profits see surprise rise
The fifth largest US bank by assets reported earnings of US$3.95 a share, beating consensus expectations of US$3.39, but down from US$3.72 a year earlier
Bank of America's second quarter profit beats expectations as rising short term interest rates offset trading slump
The lender's global market business saw revenues fall, reflecting a weakness in bond trading that has also hit other big banks, although overall second-quarter revenue still rose by 10% to US$23.07bn
Tesla, Goldman Sachs, Movado Group and Trump, North Korea in focus - PRE-MARKET
We are covering all the movers and shakers at Proactive on Wednesday
Goldman Sachs, Morgan Stanley, Caterpillar, Costco Wholesale in headlines
Here's what's moving early on as Wall Street readies to open for business
Bank of America posts better-than-expected jump in quarterly earnings
Bank of America's first quarter profits were supported by loan growth and investment banking fees
US benchmarks close lower as Goldman Sachs weighs
US stocks closed sharply lower on Tuesday on Wall Street
US banks set for strong first quarter as JP Morgan, Citigroup and Wells Fargo kick off earnings season
US banks look set to achieve a robust set of first quarter results as earnings season gets underway
US shares pare losses to end flat-to-firmer after Yellen signals rate hike
US stocks pared initial losses to end flat to firmer on Friday, with the Dow just clutching onto its 21,000 milestone, after the Federal Reserve as good as signalled rates will be going up this month
US shares end mixed; steel stocks gain but Goldman and Dow fall
US shares closed mixed on Wednesday, with most tickers resisting hawkish comments from the head of the Federal Reserve as the steel sector and Netflix had a boost, while the Dow was dragged down by Goldman Sachs shares
US stocks fall, financials witness worst day since June
Wall Street looked set to spoil the presidential inauguration ceremony this Friday as US stocks closed sharply lower on Tuesday when the Trump-inspired rally extinguished
US stocks end higher, Nasdaq closes at record high, banks and Netflix lead
US stocks closed higher on Friday, with the Nasdaq basking in a fresh record high, but the Dow’s attempt at the 20,000 was a non-starter
Bank of America sees fourth-quarter profits nearly double on markets upswing since the US election
The US bank said its net income rose by 46,8% to $4.34 billion in the three months ended December 31, up from $2.95 billion a year earlier.
Lloyds Banking Group receives boost as Barclays upgrades rating
Analysts at the bank have hiked their stance for Lloyds to ‘overweight’ from ‘equal-weight' and raised their share price target to 75p from 55p.
Barclays rejects claims in US DoJ lawsuit, says they are "disconnected from the facts"
The bank has been accused by the DoJ of deceiving investors about the quality of loans underlying tens of billions of dollars of mortgage securities between 2005 and 2007.
Big credit card bill: Lloyds Banking Group buys MBNA UK for £1.9bn in cash
Lloyds anticipates it will be able to deliver £100mln in annual cost synergies from the integration within two years, around 30% of the total cost base for MBNA in 2015.
US stocks rise even as drug companies face state challenge
US stocks gained on Thursday and even a score of states suing drug companies did not dent returns in the healthcare sector of the S&P 500
US stocks lifted by earnings, oil price surge
US stocks closed higher on Wednesday, lifted by solid earnings from bank Morgan Stanley (NYSE:MS) and oil services provider Halliburton (NYSE:HAL) as well as a jump by oil prices in the wake of shrinking inventories in the world’s biggest e
Bank of America's casino banking arm comes up trumps
Earnings topped expectations, thanks to a strong performance from the trading arm, sometimes disdainfully known as the "casino banking division"
US shares end lower as Dec rate hike fears loom
US stocks edged further into the red as the Monday session wore on, as output data fuelled expectations of a December rate hike
Archive
Oracle shares fall despite reiterated recommendation
Tech group Oracle Corp was reiterated as Neutral with a share price target of $41 by brokers at Wedbush on Friday but Novavax shares endure a drubbing
Wall St shares close higher, led by bank stocks
US shares closed higher on Monday, as bank stocks swelled on rising expectations of a Fed rate hike next month, Mylan shares repair after peace offer and American Airlines chief flies to United
US shares firm as bank stocks sense rate hike
US shares were firm at midsession on Monday after a broad-based gain and headwinds from higher banking stocks
Trending: MetLife says it’s not Too Big To Fail
The US - and later global – credit crunch of 2008 may seem like a nasty war that’s been and gone and read about in schoolchildren’s history lessons on modern USA, but on Wednesday there was a wake-up call that the ghosts of the crisis are s
Trending: US boardrooms talk Brexit before Britain knows its full meaning
Britain’s decision to quit the European Union last month is a bit like a vague black hole, but still investor relations departments from across the United States are signing off company earnings reports and taking questions from analysts wh
US stocks close lower as Netflix helps investors switch remotes for red trading screens
US stocks closed lower on Tuesday as the record high trend stalled on the back of wobbly corporate earnings and Netflix dragged the market lower