BAC
NEW YORK STOCK EXCHANGE, INC. · Banking
Bank of America Corp
$57.88
+0.00 (+0.00%)
BAC News30 articles
Bank of America Stock Nears Peak as Fed Stress Test Shifts Focus to Corporate Loans
Bank of America (BAC) edged lower Friday despite a 52-week high, as the Fed's stress test underscores corporate loan exposure. Investors await a July dividend decision.
Dow Steadies Near 52,000 as Alphabet Joins Index, Shifting Weightings
The Dow edged up 13.89 points to 51,934.51, with Alphabet (GOOGL) replacing Verizon (VZ) in the index on Monday, boosting tech exposure without a mechanical price jump.
Applied Materials Surges $50 Billion on AI Memory Boom
Applied Materials surged 10.7% to $652.07, adding $50.4 billion in value, after unveiling new DRAM and advanced packaging systems and forecasting strong AI memory demand.
Qualcomm Stock Surges $16 Billion on Upbeat Data Center Revenue Forecast
Qualcomm shares jumped 7.6% to $212.34, adding $16 billion in market value after raising its fiscal 2029 data center revenue target to over $15 billion. The stock later gave back much of its early gains.
JPMorgan Elevates Petno and Rohrbaugh to Co-Presidents in Succession Move
JPMorgan Chase appoints Doug Petno and Troy Rohrbaugh co-presidents, overseeing divisions generating 85% of Q1 net income, as part of CEO succession planning.
Bank of America Hits Record High on Hawkish Fed Rate Forecast
Bank of America shares closed at a record $57.91, boosted by BofA Global Research's hawkish Fed rate hike forecast of 75 basis points and a Citi price target upgrade to $66.
Bank of America Nears Record High Ahead of Fed Stress Test Results
Bank of America shares ended the holiday-shortened week near record highs, as the market anticipates the Fed's annual stress test results on Wednesday.
Mexico's International Air Travel Decline Deepens in May
International passenger traffic at Mexico's three listed airport groups dropped in May, with resort hubs hit hardest, as rising fuel costs and engine issues weigh on airline valuations.
Fed Stress Test Results to Guide Bank Stocks After a Turbulent Week
U.S. bank stocks are set for a pivotal week as the Fed releases annual stress test results on Wednesday, with inflation data and rate hike signals also looming.
Bank of America Digital Outage Disrupts Customer Access, Poses Reputational Risk
A Bank of America digital banking outage on Saturday left over 5,000 customers unable to log in, highlighting the risks of heavy digital reliance for the bank's 59 million users.
Merrill Lynch Fined $175,000 by FINRA for Municipal Bond Disclosure Lapses
Merrill Lynch was fined $175,000 by FINRA for failing to disclose market discounts on municipal bond trades, just days after a $225,000 censure for missed call-center complaints. The fines underscore operational challenges as Bank of America expands retail banking in Louisiana.
Dow Breaks 52,000 as Rotation Out of Tech Lifts Financials; Fed Decision in Focus
The Dow Jones Industrial Average closed above 52,000 for the first time, while the Nasdaq slid on tech weakness as investors rotated into financials and industrials ahead of the Fed's rate decision.
Dow Hits Record 52,000 as Rotation From Tech Fuels Rally
The Dow Jones Industrial Average surged to a record close above 52,000 on Tuesday, as investors shifted from technology stocks into financial and industrial names ahead of the Federal Reserve's policy decision.
Dow Hits New Peak as Oil Slide Eases Inflation Fears, Fed Meeting Looms
The Dow Jones Industrial Average surged 0.7% to a record 52,031.80 as falling oil prices eased inflation fears, with investors eyeing the Fed's decision and Chair Warsh's press conference.
Truist Appoints Former Fiserv CEO Michael Lyons as Next President and CEO
Truist Financial has selected Michael P. Lyons to lead the $549 billion-asset bank as president and CEO starting September 1, 2026, succeeding Bill Rogers in a planned transition.
BofA CEO: Consumers Shift to Bargain Hunting Amid Inflation Squeeze
Bank of America card spending grew 5.1% YoY in May, fastest in nearly four years, but CEO Brian Moynihan warns consumers are trading down on purchases like pet food as inflation outpaces wage growth.
Intel Shares Jump on BofA Upgrade Amid Foundry Optimism
Intel shares surged 6.5% to $124.57 after Bank of America upgraded the stock to Buy with a $135 target, citing confidence in CPU and foundry growth. The next key catalyst is the July 23 earnings report.
Merrill Lynch Fined $225K by FINRA for Over 1,600 Unreported Complaints
FINRA fined Merrill Lynch $225,000 for failing to report over 1,600 customer complaints from post-call surveys in 2023. The firm self-disclosed, conducted a lookback, and suspended written survey comments.
Bank of America edges up ahead of Fed stress test, Q2 earnings
Bank of America shares edged higher Friday, outperforming the broader market as investors look ahead to the Fed's stress test and Q2 earnings report.
Bank of America Shares Rise on Upgraded Q2 Trading Revenue Forecast
Bank of America shares edged higher after management indicated Q2 markets revenue may surpass the 15% growth forecast, fueled by equities trading strength. A DOJ subpoena on debanking also emerged.
Dow Jones Rises on Tech Rebound, but Inflation Data Looms
The Dow Jones Industrial Average closed higher Tuesday, buoyed by a tech sector rebound and lower oil prices. Investors are now focused on upcoming inflation data and the Federal Reserve meeting.
BAC Wavers as Jobs Data Boosts Yields; DeMare Conference in Focus
Bank of America (BAC) ended Friday at $53.83, caught between a stronger-than-expected jobs report boosting yields and anticipation for Co-President Jim DeMare's Tuesday conference update.
Bank of America Faces Fresh Test After Friday's Rebound
Bank of America shares ended the week down 0.4% at $51.60 despite a Friday bounce. CEO Moynihan sees Q2 trading revenue up 15% and NII at top of 6-8% range. Jobs report key for rates.
JPMorgan Eyes Potential $20B Acquisition as Excess Capital Grows
JPMorgan Chase CEO Jamie Dimon hints at a $10B-$20B acquisition in the coming years, with $40B-$50B in excess capital. Shares fell nearly 3% after the bank raised its 2026 expense target.
Amazon Stock Climbs on AI Shopping Assistant Rollout via AWS
Amazon shares gained over 2% following the launch of AI shopping assistants for retailers through AWS, positioning the company as a neutral AI infrastructure provider.
Berkshire's First Filing Under Greg Abel Reveals Major Portfolio Reshuffling
Berkshire Hathaway's first 13F filing under CEO Greg Abel reveals a substantial increase in Alphabet holdings, a new Delta Air Lines stake, and exits from several major names.
Bank of America Ends Quiet Week Ahead of Inflation Data and CEO Speech
Bank of America (BAC) finished Friday at $51.80, rising 0.6%, and gained 4.1% for the week. Markets are closed Monday for Memorial Day, with trading resuming Tuesday.
Ally Financial Targets Gen Z with Branchless Banking Campaign
Ally Financial's new 'Life Today' campaign targets Gen Z and millennials with a branchless model, adding 74,000 net new deposit customers last quarter.
Bank of America rises as financial stocks gain momentum
Bank of America (BAC) shares rose 1% to $51.19 Wednesday as financial stocks rallied and bond yields eased. The bank reported Q1 revenue of $30.3 billion and net income of $8.6 billion.
Goldman Sachs to Lead SpaceX's Landmark $1.75 Trillion IPO
Goldman Sachs takes the lead-left role for SpaceX's IPO, which could value the company at $1.75 trillion. The offering is set for Nasdaq under SPCX, with a prospectus expected this week.