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The Latest Breaking News from Bank of America

Infosys blamed for Bank of America data breach

Bank of America data breach was a supply chain attack, the victim says, as it offers two years of ID theft protection to its customers.

TechRadar

Are US Banks Redefining Overdraft Practices? Revenue Declines Hint At Shifting Trends

Major U.S. retail banks experienced a significant decline in overdraft revenue last year, signaling a shift towards more consumer-friendly practices.

International Business Times

Bank of America CEO's 2023 pay at million

Bank of America CEO Brian Moynihan's compensation for 2023 drops to million, reflecting a decrease compared to previous years.

Top News

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Investors Flock to Stocks, Divest from US Treasuries

Investors are flocking to stocks while reducing their holdings of US Treasuries, according to Bank of America, signaling increased confidence in the market.

Top News

Federal Reserve continues to hold interest rates at 23-year high

Central bank said it was not appropriate to cut rates until it has ‘greater confidence that inflation is moving sustainably toward 2%’

The Guardian - US

Japan’s third largest financial services group establishes its global business centre in Chennai

Mizuho Financial Group establishes Global Business Centre in Chennai, focusing on IT/ITeS, AI, cybersecurity, and banking operations.

The Hindu

Bank of America bonuses remain flat for dealmakers and traders

Bank of America is keeping bonuses for its dealmakers and traders stable, according to a source. Find out the details on the bank's compensation plans.

Top News

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China Equity Funds Receive Record Weekly Inflows, BofA Reports

China equity funds have seen their largest weekly inflows since 2015, according to Bank of America. This suggests increasing investor interest in the Chine...

Top News

Alaska Airlines Says Expects $150 Mn Hit From 737 MAX Grounding

Alaska Airlines said Thursday it expects a $150 million hit from the Boeing 737 MAX grounding, which will limit its capacity growth in 2024.

International Business Times

Federal Investigators Face Concerns Over Bank Surveillance for Capitol Riot

Federal investigators are under scrutiny for urging banks to search through customer transactions using keywords like MAGA and Trump. Privacy concerns are ...

Top News

Bank of America sends warning letters to employees not going into offices

Letters warned employees that failure to follow return-to-office expectations could lead to ‘further disciplinary action’

The Guardian - US

Major U.S. banks issue bonds following earnings reports

Discover how three major U.S. banks, part of the Big Six, ventured into the bond market following their earnings reports, indicating their financial stabil...

Top News

Bank of America CEO optimistic about strong US economy

Discover the insights of Bank of America CEO Brian Moynihan on the state of the global economy and the resilience of the US economy amidst uncertainties.

Top News

US Banks Report Mixed Results, See Consumers As Still Fairly Healthy

Large US banks reported mixed results Friday, dented by exceptional costs connected to job cuts and to replenishing a federal fund tapped during last year's crisis involving midsized lenders.

International Business Times

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Top News

US Bank Profits Decline Due to Insurance Fund Charges

Learn why big U.S. bank profits have taken a hit due to charges on insurance funds and shrinking lending margins, impacting the economy.

Barchart

Markets Today: Stocks Recover Most of Overnight Losses on a Friendly U.S. Dec PPI Report

Morning Markets March E-Mini S&P 500 futures (ESH24 ) are down -0.07%, and March Nasdaq 100 E-Mini futures (NQH24 ) are down -0.09%. Stock index futures this morning erased most of their overnight losses as bond yields fell on a friendly U.S. Dec PPI report, bolstering expectations for Fed rate...

Top News

BofA: BoE Forecasts Bank Rate to Remain Steady until August 2024

Bank of America (BofA) predicts that the Bank of England (BoE) will maintain its bank rate until August 2024, indicating a stable monetary policy in the UK.

Top News

Bank of America reports profit decline due to significant charges

Bank of America has reported a decline in profit due to .7 billion in charges. Find out more about the factors that have affected their financial perform...

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Fortune

A rare Netflix skeptic on Wall Street says it fails the grandmother test: The winner of the streaming wars will have to do too much to stay on top

Citi's Jason Bazinet downgraded Netflix because of its narrative. "If you can explain a story in two lines to your grandmother, that will get a higher multiple"

Fortune

Jamie Dimon is skeptical about the 'Goldilocks' economy scenario

JPMorgan Chase CEO says government money is going to run out in 2024 and could prompt a recession.

StockNews.com

Bank of America (BAC) Pre-Earnings Buy or Sell?

America’s second-largest bank by assets, Bank of America (BAC), will release its fourth-quarter earnings on January 12. The bank is expected to report year-over-year declines in revenue and earnings. With the Federal Reserve indicating three rate cuts this year, is BAC worth buying now? Read on to learn my view….

Top News

Earnings Boost: Major US Banks Lead Corporate Bond Market

Get ready for a banking extravaganza! Big US banks are all set to take center stage in the corporate bond arena after their impressive earnings. Brace your...

Barchart

Amazon Stock Prediction: Why Do Analysts Want You to Buy AMZN in 2024?

With gains of 81%, Amazon was the second-best-performing FAANG stock last year. Wall Street analysts are still quite bullish on the stock, and many brokerages see it as a top idea for 2024.

Fortune

Boeing’s market cap takes a $9 billion hit off yet another 737 Max incident—but BofA says ‘the duopoly nature of the industry’ means it’s almost untouchable

It’s been a $100 billion fall from grace for Boeing since the last Max crash in 2019, but Bank of America sees a potential 20% stock bump this year.

Top News

Bank of America's Bank of America's Top News.6 billion Q4 non-cash charge announcement.6 billion Q4 non-cash charge announcement

Bank of America is set to take a non-cash charge of Bank of America's Top News.6 billion Q4 non-cash charge announcement.6 billion in Q4 due to the discontinuation of a loan index. Brace yourselves for some creative accou...

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