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NEW YORK STOCK EXCHANGE, INC. · Banking
Bank of America Corp
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BAC News30 articles
Bank of America $2.25M 7-Eleven ATM Fee Settlement: Claim Deadline June 29
Bank of America settles claims of duplicate ATM fees at 7-Eleven for $2.25 million. Former clients have until June 29 to file claims.
JPMorgan's $31.4B Credit Loss Reserve Highlights Earnings Beat
JPMorgan Chase posted a 13% rise in Q1 net income to $16.5B, with a $31.4B credit-loss allowance. Shares closed at $312.47, valuing the bank at $864.8B.
Fitch Upgrades Citigroup Outlook as Fraser Prepares for Key Investor Day
Fitch Ratings revised Citigroup's outlook to positive, citing progress in CEO Jane Fraser's restructuring. Q1 net income hit $5.8B on $24.6B revenue, with shares closing at $127.44.
BofA Leads $16B Oracle Data Center Financing in Michigan
Bank of America led a $16 billion financing for an Oracle data center in Michigan, selling $14 billion in bonds as Wall Street deepens its AI infrastructure push.
Greg Abel Consolidates Control of Berkshire's Portfolio, Shifts Focus to Japan
Greg Abel has tightened his grip on Berkshire Hathaway's $300 billion stock portfolio, increasing exposure to Japan while trimming U.S. holdings like Apple and Amazon.
Stocks Soar as Strait of Hormuz Truce Eases Oil Prices, Lifting Rate-Cut Hopes
Major U.S. equity indices surged to new highs Friday after Iran confirmed the Strait of Hormuz would remain open during a 10-day truce, pushing oil prices lower and reviving expectations for Federal Reserve rate cuts later this year.
S&P 500, Nasdaq Scale New Peaks on Earnings Strength, Ceasefire Hopes
Major U.S. equity indices climbed to record levels Thursday, driven by strong corporate results and hopes for a de-escalation in Middle East tensions, though rising oil prices and mixed economic data introduced notes of caution.
Wall Street Soars to New Highs on Bank Profits and Diplomatic Optimism
U.S. stock indices reached new peaks Wednesday, powered by robust bank earnings and hopes for eased Middle East tensions. The S&P 500 closed at 7,022.95, fully recovering from its March decline.
S&P 500 Hits Record Amid Iran Talks, Bank Earnings; Dow Lags
The S&P 500 climbed to a new intraday record Wednesday, buoyed by optimism over potential U.S.-Iran talks and robust earnings from major banks. The Dow Jones Industrial Average, however, trailed the broader market, declining roughly 0.4%.
S&P 500 Reaches New High Amid Strong Earnings, Geopolitical Tensions
The S&P 500 climbed to a new intraday peak on Wednesday, its first since the U.S.-Iran conflict began, while the Nasdaq gained nearly 1%. The advance was fueled by strong bank earnings and hopes for diplomatic talks.
Bank of America Q1 Profit Surges 17% on Strong Trading, Investment Banking
Bank of America's first-quarter profit rose 17% to $8.6 billion, exceeding analyst forecasts. Revenue increased 7% to $30.3 billion, supported by record equities trading and a rebound in investment banking.
Stocks Rally on Diplomatic Hopes, Soft Inflation; S&P 500 Nears Record
Major U.S. equity indices advanced sharply Tuesday, with the S&P 500 closing within 0.2% of its January record. The rally was fueled by falling crude prices amid potential diplomatic talks with Iran and cooler-than-expected wholesale inflation data.
Royal Caribbean Expands Cyprus Presence with Second Ship Registration
Royal Caribbean Group has registered the Navigator of the Seas under the Cyprus flag, marking its second vessel in the island's registry. The move follows the company's 2023 establishment of a permanent Limassol office and aligns with broader operational expansion.
JPMorgan Q1 Profits Soar 13% on Trading Boom, Dimon Flags Economic Risks
JPMorgan Chase kicked off bank earnings with a 13% surge in first-quarter profit, driven by a record performance from its trading desks. CEO Jamie Dimon highlighted an 'increasingly complex' risk environment.
Geopolitics, Bank Earnings, and Inflation Data Set the Tone for Markets
Markets enter the week focused on geopolitical developments in the Middle East, a key slate of bank earnings, and fresh inflation data. The S&P 500 has nearly recouped losses from February's market shock.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
JPMorgan Price Target Cut by Evercore Amid CEO's Geopolitical Warning
Evercore ISI reduced its JPMorgan Chase price target to $320 from $350, as shares traded near $296. CEO Jamie Dimon cautioned that war in Iran could trigger oil shocks and persistent inflation.
Wells Fargo Digital Banking Hit by Widespread Service Disruption
Wells Fargo faced a significant digital banking outage on Monday, with thousands of customers reporting login failures and missing account data, as the bank worked to restore services.
Bank of America Gains as Rising Yields Boost Lending Outlook
Bank of America shares advanced 1.4% to $48.17 on Tuesday, defying a down market as higher Treasury yields improved the outlook for bank lending margins.
Mortgage Rates Climb to 6.55% as Treasury Yields Surge, Dampening Housing Demand
Mortgage rates increased Tuesday, with the 30-year fixed rate reaching 6.55% as Treasury yields climbed. Mortgage applications dropped 10.9% last week, reflecting continued buyer sensitivity to higher borrowing costs.
Mortgage Rates Climb, Squeezing Spring Housing Momentum
The average 30-year fixed mortgage rate increased to 6.22% this week, contributing to a 10.9% drop in overall loan applications as refinancing activity slowed. Purchase applications showed slight weekly growth but remain volatile year-over-year.
Bank of America Gains as Fed Outlook Firms, Legal Settlement Looms
Bank of America shares advanced 0.5% to $47.28, stabilizing after a sector selloff. Investors now anticipate only one Fed rate cut this year, impacting bank profit models. The bank also reached a settlement in principle over Jeffrey Epstein-related claims.
Bank of America Stock Dips Amid Regulatory Shift and Inflation Pressures
Bank of America stock declined Friday as investors weighed potential regulatory relief against persistent inflation and credit risks. The financial sector faced broad pressure.
Bank Stocks Gain on Regulatory Ease Amid Credit, Rate Pressures
Bank of America shares advanced Friday after Federal Reserve officials signaled plans to reduce capital requirements for major banks. The gains occurred alongside fresh stress in private credit markets and persistent inflation concerns delaying interest rate cuts.
Bank of America Shares Dip Amid Mixed Q1 Signals and Market Jitters
Bank of America shares declined 1.5% to $47.86, erasing prior gains, even as co-president Dean Athanasia projected strong first-quarter growth in net interest income and investment banking fees. The drop mirrored a broader sell-off in financial stocks amid persistent inflation worries.
CPI Report Awaited as Oracle Surges, Oil Volatility Rattles Markets
Wall Street futures were muted early Wednesday as investors braced for the February Consumer Price Index report. Oracle shares surged premarket after lifting its revenue target, while oil prices recovered from a steep sell-off.
Goldman Offers Hedge Funds Swap to Short Software Loans as AI Risks Mount
Goldman Sachs is marketing a total return swap allowing hedge funds to bet against corporate loans in the software sector, fueled by concerns that artificial intelligence could disrupt credit markets. No trades have been executed yet.
BlackRock Fund Limits Spark Liquidity Fears as Private Credit Defaults Hit Record
BlackRock has restricted redemptions from its $26 billion private-credit fund after requests surged, intensifying stress in real estate-linked markets. Fitch warns of record defaults in the sector.
U.S. Art Auction Sales Surge 23% in 2025, Led by Established Artists
U.S. art auction sales at top houses rose 23% to $3.17 billion in 2025, the first annual gain since 2022, according to Bank of America. The rebound was fueled by historical artists and a focus on quality.
SanDisk Rebounds 4% as Geopolitical Fears Ease, AI Demand Supports
SanDisk shares climbed roughly 4% in early Wednesday trading, recovering a portion of the prior session's steep 8.7% decline. The rebound followed reports of diplomatic outreach from Iran and comments aimed at stabilizing oil markets.