The Latest Breaking News from Brian Moynihan

Revenge of the nerds is a fantasy.

Brian Moynihan, the CEO of Bank of America, said although consumers are buying less, some families are beginning to spend more than they're bringing in.

The bank industry is expected to grow due to economic recovery, increased consumer spending, and digital transformation. However, risks of potential defaults, and slowing loan growth may pose challenges in the upcoming months. Amid this backdrop, it could be wise to add fundamentally strong banking stocks JPMorgan Chase (JPM), Bank…

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

After a turbulent few months, the banking sector seems to have stabilized lately, as the big banks reported better-than-expected results in the second quarter. However, risks of potential defaults and slowing loan growth could impact the industry in the upcoming months. I think bank stocks JPMorgan Chase (JPM), Bank of…

Big banks are betting on innovation like A.I. to boost growth.

BofA's Q2 revenue beats estimates, client balances climb and loan demand remains steady.

The dramatic rise—and epic fall—of once-hot mortgage lender Countrywide, whose legendary founder died at 83.

Despite the economic headwinds, the software industry is expected to see solid growth due to the high demand for automation technology and digital business initiatives. Therefore, fundamentally strong stocks, Salesforce (CRM) and PDF Solutions (PDFS), which show high growth potential, might be worth buying. These stocks are B (Buy) rated…

The Bank of America has debunked a market myth and uncovered when investors should really be selling up this summer.

Buffett blamed failed-bank executives for causing instability in the financial sector Wednesday, but said with regulators’ backing, “banks can go bust” and “depositors aren’t going to be hurt.”