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The Latest Breaking News from Bank of America

Man robs bank with a demand note written on the back of his own birth certificate

Michael Conley Loyd, 30, from Missouri, stormed into a Bank of America branch in Springfield in July, 2021, stole $754 and quickly escaped in a stolen black pickup truck

Daily Mirror

Residential Versus Healthcare REITs: Why Bank Of America Changed Its Ratings On These 5 REITs

A Bank of America analyst has changed his initial ratings on five real estate investment trusts: three are healthcare REITs and two are residential REITs.

Benzinga

A Bull And Bear Discuss The Status Of The U.S. Consumer After A Worse-Than-Expected Consumer Sentiment Report

According to Bank of America, consumer discretionary spending was up 2.9% in October year-over-year, but down from its September reading of 3.2%.

Benzinga

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Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

Benzinga

Pfizer’s COVID cash powers a ‘marketing machine’ on the hunt for new supernovas

For drugmaker Pfizer, a fortune amassed in the COVID pandemic is now paving the path to pharma nirvana: a weight loss pill worth billions.

Tribune News Service

Jay-Z and Jeff Bezos spotted at meeting ahead of Washington Commanders purchase

Washington Commanders owner Dan Snyder has confirmed his intentions to sell the storied franchise in what will likely set a record for the sale of a sports team

Daily Mirror

Pfizer is on the hunt for new blockbuster drugs, backed by its COVID fortune

While sales of its COVID vaccines are falling, Pfizer plans to triple the price of the shots and use its bonanza from government contracts to buy and develop new blockbusters.

Fortune

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Apple will lose 6 million iPhones after China factory shuts down

China’s COVID-zero policy creates headaches for Apple, as a factory closure threatens supply of its flagship product.

Fortune

Bank of America CEO defends stakeholder capitalism amid political backlash

Bank of America CEO Brian Moynihan explained that stakeholder capitalism works for four key constituents.

Fortune

NYC employers’ solution to pay transparency: $100,000 salary ranges

In the brave, newly transparent world for New York City job seekers, many will still be left wondering: Wait, how much does this role really pay?

Tribune News Service

Washington Commanders have whopping asking price set as Jeff Bezos tipped to buy NFL side

Highly scrutinised Washington Commanders owner Dan Snyder has confirmed his intentions to sell the team with 'more interest than what expected', which could see a sale figure rise significantly

Daily Mirror

Inflation is ‘insidious’: Bank of America CEO Brian Moynihan talks possible recession

Brian Moynihan took on one of the toughest jobs in the world in 2010: turning around the largest bank in America following a devastating financial crisis.

Tribune News Service

Robinhood Traders Beat The S&P 500: Is The Retail Investor Back?

Robinhood Markets Inc (NASDAQ: HOOD) stock traded lower Friday, giving up some of its post-earnings gains after the popular online trading platform reported better-than-expected third-quarter revenue and

Benzinga

Major banks support rainforest oil project despite problems

Financing fossil fuels, which are the primary cause of climate change, has become controversial in recent years, with major banks under fire for the scale of their lending for oil and gas development

The Independent UK

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Fortune

Why Bank of America CEO Brian Moynihan is not so stressed about recession

"We are in pretty good shape. Recession predicted. Those things will collide.”

Sports Illustrated

Selling the Commanders: Dan Snyder’s Franchise Could Fetch Over $7 Billion

Here’s what could be next for owner Dan Snyder now that he has hired Bank of America to explore selling his franchise.

Daily Mirror

Controversial Washington Commanders owner takes steps to sell storied NFL franchise

Dan Snyder has hired Bank of America to deal with the potential sale of the Washington Commanders, a franchise which has battled numerous allegations in recent years

USA Today Sports Media Group

Team sale or stadium cash-grab? What Dan Snyder’s Bank of America deal means

Washington Commanders owner Dan Snyder has entered into a partnership with Bank of America. It might be his last-gasp effort to hang on.

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USA Today Sports Media Group

Dan Snyder exploring options to sell Commanders

Daniel Snyder hired Bank of America to consider "potential transactions," which include selling a minority stake or the entire team.

Los Angeles Times

My wallet was stolen at a bar. Then my identity theft nightmare began

2019 was a pretty exciting year for me.

Benzinga

How The 60/40 Portfolio Stacks Up With The S&P 500

A portfolio consisting of 60% stocks and 40% bonds had a golden age from the 1980s — until recently.The combination offers investors risk-adjusted returns that are frequently on par with, or greater to, those of the benchmark SP 500 Index.The 60/40 portfolio faced significant challenges this year due to ongoing…

Benzinga

Exxon Mobil, Chevron Shares Continue Rally Following Q3 Earnings, But Which Oil Stock Do Wall Street Analysts Prefer?

U.S. oil majors Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE: CVX) both reported impressive third-quarter numbers last week, with each company beating consensus earnings estimates by roughly 15%.

Benzinga

Check Out What Whales Are Doing With BAC

A whale with a lot of money to spend has taken a noticeably bearish stance on Bank of America. Looking at options history for Bank of America (NYSE:BAC) we detected 13 strange trades.

Benzinga

Are Less People Living Paycheck To Paycheck? BofA Thinks So, Here's Why

Due to stimulus payments and a period of decreased spending during the height of the 2020 pandemic, Bank of America Corp (NYSE: BAC) revealed that only 12% of its customers have account inflows 85% or less of their outflows.

Benzinga

5 Apple Analysts On Q4 Earnings Beat: 'Consumer Staple-Like Demand Characteristics'

Apple Inc (NASDAQ: AAPL) shares traded higher by 7.8% on Friday after the company reported a fourth-quarter earnings beat but said iPhone sales

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