Bank of America

Business News

Bank of America's 2025 Forecast Is Rosy But Has Some Caveats. Here's Its Outlook for Inflation, GDP, and Rate Cuts.

On the company's 2025 outlook call, Aditya Bhave, Bank of America's senior U.S. economist, said that productivity has accelerated at a "faster trend for growth rate since the start of the pandemic."

Business News

Buffett Trims BAC Holdings:What It Means for the Stock's Future

Berkshire Hathaway is selling Bank of America shares and capping gains in 2024; sales are expected to continue and offset Bank of America buybacks.

Business News

Financial Sector Breakout Signals Strength: Is It Time to Buy?

The Financial sector XLF ETF broke out and hit new 52-week highs on Friday, driven by solid earnings from key financial players.

Business News

BlackRock's Earnings Reveal Market Shift: Why Bonds Are in Favor

A select list of ETFs and stocks give investors the opportunity to replicate what BlackRock, the world's largest asset manager, is now advising its clients

Business News

2 Top Stocks Seeing Major Institutional Buying Right Now

13-F filings are out to show investors where the smart money is flowing into, two stocks stand out in upside potential for the coming quarters

Business News

Big Wall Street Banks Are Limiting Workweek Hours — to 80

Junior bankers are reporting 100-plus hour workweeks. Now, Wall Street's overwork culture is back under scrutiny.

Business News

Bank of America Is Raising Its Minimum Wage — Up 53% Since 2017. Here's What Full-Time Salaries Will Look Like.

The North Carolina-based company said it's increased its minimum hourly rate at least five times in the past six years.

Business News

Bank of America Slammed With $250 Million Fine for Opening Fake Accounts, Double-Dipping Charges — Here's How to Find Out If You Qualify for Payment

At least as far back as 2012, bank employees created unauthorized credit card accounts in customers' names to boost sales and better evaluations.

Business News

Expect a U.S. Recession That Will Ravage Markets and Could Send Stocks Spiraling Down 24% Next Year, Bank of America Says

A recession next year will trigger a 24% sell-off in the S&P 500, Bank of America warned Wednesday.

Business News

3 Must-Buy Warren Buffett Stocks for Volatile Times

Warren Buffett is a master of weathering volatility, and these three stock picks prove it.In his most recent shareholder letter, he says he prefers to own equities, from whole companies...

Business News

Best Bank Stocks to Invest in Ahead of Rising Interest Rates

The Fed will also phase out its bond-buying program by March. What does that mean for you? When the Fed raises interest rates, you may decide it's a good time...

Business News

Bank of America to Slash Overdraft Fees, Experts Call the Move 'Brilliant'

In addition, non-sufficient funds fees will be eliminated completely.

Business News

3 Best-in-Breed Bank Stocks to Buy Now

In this article, we outline 3 best-in-breed bank stocks to buy now.

Business News

3 No-Brainer Stocks to Buy in the Financial Sector

There's no shortage of quality companies to choose from for exposure to this important area of the market, yet a few financial stocks stand out as no-brainer buys at this...