Bank of America Corp

It's Getting Tougher for Big Banks to Add Mobile Users

The biggest banks’ push into mobile is running out of low-hanging fruit.<p>Bank of America Corp. added active mobile customers at a slower pace for at …

Bank of America

Bank of America Profits Rise 33% on Higher Trading Revenue, Lower Taxes

Higher interest rates in recent quarters also have helped the Charlotte, N.C., bank<p>Rising interest rates and a massive tax cut carried Bank of America Corp. to a 33% increase in second-quarter profit, making it the latest big bank to benefit from strong economic conditions.<p>Quarterly profit at the …

Bank of America

Bank of America and Arconic climb while Noble Energy skids

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday: Bank of America Corp., up $1.23 to $29.78 The bank's profit and revenue …

Bank of America

Bank of America Shares Have Doubled Since TheStreet Ratings Buy Recommendation

TheStreet Ratings quantitative stock model has maintained a Buy recommendation on Bank of America Corp (BAC) since May 10, 2016. Over that 26-month …

Investing

Big Banks Reshape Lobbying Game

New Bank Policy Institute will represent JPMorgan, Bank of America and 46 others<p>Big banks are revamping their lobbying approach as Trump-appointed regulators set out to ease rules put in place after the financial crisis.<p>On Monday, two trade groups representing some of the largest banks, including …

Bank of America

Bank of America profit jumps on lower tax, loan growth

July 16 (Reuters) - Bank of America Corp reported a 36.3 percent jump in quarterly profit, helped by loan growth across its businesses, lower expenses and a smaller tax bill.<p>Net income applicable to common shareholders rose to $6.47 billion in the second quarter, from $4.75 billion a year …

Bank of America

Bank of America Profit Jumps 33% on Tax Cuts, Boost From Trading

Bank of America Corp. (BAC) said second-quarter profit jumped as President Donald Trump's tax cuts boosted its bottom line, while the trading …

Markets

Bank of America Beats Estimates as Consumer Loans Surge – Bloomberg

Bank of America Beats Estimates as Consumer Loans Surge<p>Bank of America Beats Estimates as Consumer Loans Surge<p>Bank of America Beats Estimates as …

Markets

Wall Street-Backed Blockchain Company Weighs IPO, Sale

R3, a blockchain-software company that works with more than 200 heavyweights such as Intel Corp., Microsoft Corp., US Bancorp and Wells Fargo & Co., …

Bank of America

The Wealth-Management Arms Race Is Heating Up

Citigroup Inc. is adding muscle to its private-wealth arm, hiring advisers from rival Bank of America Corp. as competition for assets …

Barclays PLC

MOVES-Macquarie appoints three new members to commodities group

July 10 (Reuters) - Australian investment bank Macquarie Group Ltd said it appointed three senior contributors to its cash equities business within the commodities and global markets group.<p>The company appointed Alex Goodman as managing director and head of U.S. cash trading, Maynard Um as a senior …

Bank of America

Stocks rally for 3rd session; banks surge and erase Dow's 2018 losses

U.S. stocks closed solidly higher on Monday, with major indexes posting their third straight day of gains as equities rose broadly, although …

Stock Markets

Stock Buybacks Are Booming, but Share Prices Aren’t Budging

Some analysts worry companies are buying their shares at excessive valuations, while others say cash could have gone toward capital improvements<p>U.S. companies are buying back record amounts of stock this year, but their shares aren’t getting the boost they bargained for.<p>S&P 500 companies are on …

Stock Markets

Corporate Philanthropy - Baltimore Business Journal

Join us in honoring the regions most active and inspirational companies and nonprofits who have made a difference in their communities through both …

Baltimore

Financial stocks pare losses after data, J.P. Morgan Chase's swings to a gain

Financial stocks pared some losses in premarket trade Friday, after the the June jobs data showed that nonfarm payrolls increased by more than …

Stock Markets

Ex-BofA Employee Files Finra Claim Over Dismissal, Lawyer Says

Former Bank of America Corp. employee Joe Voboril filed an arbitration claim against the firm, claiming he was wrongfully terminated after an …

Bank of America

Macau Gambling Numbers Raise Casino Concerns as Stocks Tumble

Wynn Resorts Ltd. and Las Vegas Sands Corp. tumbled after revenue in Macau fell short of estimates for a second straight month.<p>Casino gross gaming …

Business

Visa, Mastercard close to settling issues over card-swipe fees - WSJ

© Reuters. A Visa credit card is seen on a computer keyboard in this picture illustration<p>(Reuters) - Visa Inc (N:V) and Mastercard Inc (N:MA) are …

FinTech

Visa, Mastercard Near Settlement Over Card-Swipe Fees

Visa, Mastercard and a number of banks that issue debit and credit cards including JPMorgan Chase, Citigroup and Bank of America would pay the merchants around $6.5 billion<p>Visa Inc. and Mastercard Inc. are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when …

FinTech

Visa, Mastercard Are Close to Swipe-Fee Agreement

Visa Inc. and Mastercard Inc. are getting close to settling a 13-year-old lawsuit over fees charged when merchants accept card payments, according to …

FinTech

Visa, Mastercard are close to swipe-fee settlement: Report

Visa Inc. and Mastercard Inc. are close to settling a lawsuit over fees paid when merchants accept card payments, the Wall Street Journal reported …

FinTech

Bank of America Sued for Allowing $102 Million Ponzi Scheme

Bank of America Corp. was accused in a lawsuit of providing more than 100 accounts used to perpetrate what the U.S. regulators called a $102 million …

Bank of America

See what the IHS Markit Score report has to say about Bank of America Corp.

Bank of America Corp<p>NYSE:BAC<p>Score: <b>Negative</b> (10)<p>4 days at current score.<p>Downgraded from <b>Neutral</b> on June 23rd 2018<p>View full report here!<p>Summary<p>This …

IHS Markit

Largest U.S. Banks Pass Stage One Stress Test

The largest banks in the country are passing the first stage of the Fed's annual stress test. The Federal Reserve found that 35 of the country's …

Bank of America

Biggest Risk Flight Since 2016 Pushes BofA Closer to Buy Signal

© Bloomberg. Building are seen reflected on the exterior of a Bank of America Corp. branch in New York, U.S. Photographer: Daniel …

Bank of America

Merrill Fined $42 Million for Hiding Where It Sent Client Orders

Bank of America Corp.’s Merrill Lynch unit agreed to pay a $42 million penalty to settle a U.S. regulator’s allegations that it routed millions of …

Brokerage

Merrill Lynch to pay $42 million for misleading customers - US SEC

WASHINGTON, June 19 (Reuters) - Bank of America Corp subsidiary Merrill Lynch will pay a $42 million penalty for lying to customers about how it handled their orders, the top U.S. securities regulator said on Tuesday.

Customers

Merrill Lynch to pay $42-million penalty for misleading customers: SEC

Bank of America Corp. subsidiary Merrill Lynch will pay a $42-million penalty for lying to customers about how it handled their orders, the top U.S. securities regulator said on Tuesday.<p>The Securities and Exchange Commission said Merrill Lynch admitted wrongdoing when it settled the charges. …

Business

Merrill Lynch may reverse its stance on fee-based retirement accounts

Merrill Lynch may reverse a ban on commissions in retirement accounts the firm manages, marking a potentially significant retreat for a leading …

Retirement

Just Stop Worrying Already and Buy Bank of America Corp Stock

Last year was a good great one for <b>Bank of America Corp</b> (NYSE:<b>BAC</b>) shareholders. BAC stock was up a little more than 40% in 2017, following 2016’s 60% …

Investing