Bank of America

BofA: "This Is The Magic Number That Will Burst The Stock Bubble"

As we noted this morning, the one dominant sentiment in the market right now is <b>irrational euphoria,</b> also known as "buying panic", as demonstrated in …

Economy

Bank of America CEO Is Acting a Bit Too Blasé About Risk

“Whatever, it's just a few hundred million dollars" is not the right lesson to draw from Steinhoff.<p>I was pretty blasé yesterday about all the banks who lost money on a margin loan to shareholders of Steinhoff International Holdings NV, whose shares "lost about 90 percent of their value last month …

Brian Moynihan

BANK OF AMERICA: Tax cuts could lead to record mega-mergers

• <b>Bank of America breaks down what could be the most effective use of the additional capital that corporations get from the GOP tax plan.</b>• <b><br>The firm says that mergers and acquisitions is an ideal use, and could hit a record in 2018, while downplaying the positive effect of share buybacks and capital</b> …

Economy

Bank Of America: Be Fearful When Others Are Greedy

Bank of America reported better-than-expected fourth quarter earnings.<p>The bank reevaluated its tax assets (as expected) and reported higher net …

Business

Why the S&P 500 Could Rocket 122% by Year-End

FOMO applies to more than just anxiety about missing happy hour when you're stuck at the office.<p>According to BofA Merrill Lynch Global Research, the …

Investing

Hungry And Drunk Florida Man Arrested For DUI When He Mistook Bank For Taco Bell

Have you ever been so messed up that you’ve gone to an ATM, took out about $200, and rolled it up and ate it like a burrito? Me neither, yet, but …

Taco Bell

How digital displays can change the Bank of America customer experience

By using Samsung's display technology, companies can provide their customers with information and entertainment while waiting in line.<p>According to …

Banking

Man arrested for DUI after ordering burrito in bank drive-thru

SPRING HILL, Fla. (WCMH) – A Florida man was arrested Wednesday after deputies say he tried to order a burrito in the bank drive-thru.<p>It happened at …

Crime

Here’s why banks aren’t paying more for your savings ... unless you’re wealthy

The economy continues improving, but here’s one thing that’s not: what banks pay ordinary savers for their deposits.<p>Since the financial crisis, the …

Banking

Stock 'Melt-Up' Heralded By Record Investor Buying

Investors are pouring into the stock market as major indexes extend their monstrous rise.<p>Buyers committed a net $58 billion to mutual funds and exchange-traded funds that invest in global stocks over the four weeks through Wednesday, the biggest inflows for any comparable stretch in records going …

Business

Big. U.S. banks trading at a discount: Analyst

Ken Leon, equity analyst at CFRA Research, says Q4 earnings season and tax cuts in the U.S. have provided plenty of reasons to be bullish on the big …

Markets

Dodgers Love L.A. Community Tour presented by Bank of America starts Monday with first of 12 events

<b>Dodgers Love L.A. Community Tour presented by Bank of America launches Monday</b><p>The Dodgers will hold their 15th annual community service week next week …

Baseball

A "Super-Frothy Start" To 2018 Marked By "Thundering" Equity Inflows - BofA

According to Bank of America data, equity inflows, up $58B over the past four weeks, is the highest four-week inflow since forever.

Business

Bank of America Executive Departs After Misconduct Claim

A senior executive at Bank of America in New York departed last week after an internal investigation into a young female banker’s accusation of inappropriate sexual conduct, according to people at the bank who were briefed on the investigation.<p>The executive, Omeed Malik, 38, was a powerful figure …

Business

Burrito-Seeking Drunk Driver Busted, Cops Say

JANUARY 18--A Florida motorist was so impaired that he mistook a Bank of America drive-up lane for a Taco Bell and sought to order a burrito from a …

Taco Bell

Is Bank of America's CEO a Two-Faced Bitcoin Critic?

The megabank's top executive is telling customers that they can't buy Bitcoin from his company, but his staff is doing a lot of patented research in …

Stocks

8 Key Takeaways From Bank of America's Earnings Report

Bank of America beat fourth-quarter earnings estimates, but there's a lot more you need to know.<p><b>Bank of America</b> (NYSE:BAC) reported fourth-quarter …

Stocks

Bank Of America: What You Must Look For

2017 was a banner year for Bank of America.<p>With the stock now well over $30, we discuss the critical metrics that you need to be aware of when …

Finance

Ex-Bank of America executive Malik to launch fund advisory firm

NEW YORK (Reuters) - Omeed Malik, a former Bank of America Merrill Lynch executive, is preparing to launch an advisory firm for hedge funds and other so-called alternative investment managers, according to a person familiar with the situation.<p>Malik, 38, plans to offer fundraising, marketing, public …

Business

Apple and others bringing home foreign cash may be a big enough force to boost the US dollar

The dollar index is down about 10 percent in the past year, but it may be about to get a slight pickup from corporate America.<p>Bank of America Merrill …

Business

Bank Of America: I Continue To Be Optimistic

Bank of America has continued to perform well.<p>The bank has seen double-digit growth across its major business lines.<p>Moreover, the stock continues to …

Economy

Bank Of America: Fabulous End To 2017

Bank of America reported strong business trends during Q4 that drove impressive NII growth.<p>The bank forecast a steep drop in the effective income tax …

Business

Bank of America CEO: You can buy bitcoin — just not with us

• <b>Bank of America CEO Brian Moynihan had harsh words for his clients that want to trade bitcoin Wednesday, saying they could buy it elsewhere, but "not at Merrill Lynch."</b>• <b><br>On Wednesday, the cryptocurrency fell below $10,000 for the first time since November.</b><p>As cryptocurrency markets around the world …

Business

Bank of America 4Q profits fall by 48 percent due to tax law

NEW YORK (AP) — Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law. But setting aside those charges, the bank is showing signs that whatever damage was left over from the …

Business

Warning: Opening a Bank of America Checking Account May Break Automatic Credit Card Payments

Buenos dias everyone! A couple of months ago, I logged into my Bank of America account and was surprised to see that <i>my Merrill+ Visa Signature Card</i> …

Banking

Bank of America Is at the End of Its Cutting Rope

Former Morgan Stanley CEO John Mack was once known as Mac the Knife. Jimmy "Three Sticks" Robinson steered American Express for more than decade and …

Business

Bank of America sees success with Zelle

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here.</i><p>Zelle, the bank-based peer-to-peer (P2P) offering, is continuing to do well, as evidenced by new data from Bank of America, which saw …

Banking

Bank of America takes $2.9bn tax charge on chin but earnings hit upper end of expectations

Bank of America today followed other major US banks in revealing a big $2.9bn (£2.1bn) tax hit after Donald Trump’s changes, although earnings still …

Economy

Here comes Bank of America ...

Bank of America Merrill Lynch is expected to release results from its fourth-quarter at around 6:45 am Wednesday.<p>Wall Street analysts are expecting the firm to report adjusted earnings of $0.45 a share.<p>Like the other big banks, Bank of America is expected to take a hit from the recently passed tax …

Markets

Goldman Sachs suffers rare quarterly loss as corporate giants take hit on Trump tax reform

Goldman Sachs and Bank of America have become the latest corporate giants to suffer multi-billion dollar hits from Donald Trump’s tax reforms.<p>An eye-watering $4.4bn (£3.2bn) charge at Goldman Sachs dragged the firm to its first quarterly loss since 2011.<p>Meanwhile its Wall Street peer Bank of …

Markets