The Latest Breaking News from Bank of America

Amid huge profits for oil majors, pressure builds on banks to cut ties.

After stabilizing briefly, the banking sector finds itself in a tough spot because of the negative stance of major credit rating agencies. Amid this uncertain environment, which is a better investment option between Citigroup (C) and Bank of America (BAC)? Keep reading….

More banks targeted for financing fossil fuel activity, including via a ‘hidden pipeline.’

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.25%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.47%. Stock indexes this morning are moderately lower. Concerns that weakness in China’s economy will curb global growth prospects are weighing on stocks. Losses in stock...

Bank of America said more people had been taking hardship distributions from their retirement plans in recent months in a sign consumers may be running out of savings to propel economic growth.

The Thursday release of the Consumer Price Index (CPI) report will bring pivotal data for markets 

“The gravity of a challenging smartphone market particularly in developed regions that should continue…is a headwind for the stock,” UBS analyst David Vogt said.

The Fed’s annual stress test showed that America’s largest banks, including Bank of America (BAC) and Wells Fargo & Company (WFC), were highly unlikely to stumble in a severe recession scenario. Both banks beat the consensus EPS and revenue estimates in the second quarter. So, which of these two banks…

BofA becomes the first major Wall Street bank to backtrack on recession prediction, reflecting growing economic optimism.