BANK OF AMERICA

We still believe shares of Nvidia, Advanced Micro Devices, and Marvell Technology are worth buying here.

“Greenwashing” doesn’t just appeal to consumers.

Big banks that aced the Federal Reserve's annual stress tests last week began to announce bumps to their dividend programs. Bank of America said Monday that it was raising its quarterly dividend by 5% to 22 cents per share. Morgan Stanley said it was raising the payout 11% to 77.5 cents per share. This story is developing. Please check back for updates.

Stock futures rose on Thursday as Wall Street looked to add to its gains this week.

Stocks looked to bounce back this morning after Monday's brutal 4% drop back into bear territory.

IMC, a tech-focused global trading firm, agreed to renew its lease for two floors in Willis Tower and add a third.

Apple's supply chain has brighter prospects than Android's when it comes to recovering from the shock of China's Covid controls, Credit Suisse analysts said.

Sterling is in danger of becoming an "emerging market" currency as falling growth and growing risks cause investors to flee the pound, according to Bank of America.

The Federal Reserve is in the middle of an inflation-fighting campaign that has pummeled markets, especially for formerly high-flying growth stocks.

BofA's Brian Moynihan on Monday predicted that people "probably" won't start spending down their stimulus check-boosted balances right now.

Nation's second-largest bank has said it plans to boost the company's baseline hourly pay to $25 by 2025.

A 7,700-sq. ft., four-bedroom, four-bathroom house and three units of an Aventura office building are the list of losses for a Golden Beach man after a massive commercial fraud that involved infant formula, eye-care products and other products regulated by the FDA.

According to the report, 65% of potential buyers are ready to make offers within three days of viewing a home.

The 10-year U.S. Treasury yield hit above 3.2% on Monday morning, as investor focus remained on inflation and economic slowdown concerns.

Nation's second-biggest bank must also refund fees to thousands of consumers, financial regulators say.

Ukraine is pushing up prices of commodities including food, cotton and energy, the World Bank says.

"They are a very strong force and you can see them very healthy," Moynihan said Tuesday.

The bank, which holds few Russian assets, reported $7.1 billion in profit in the first quarter, down from $8 billion one year ago.

Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the ones its rivals had reported the previous week.

Bank of America is supposed to be one of the big beneficiaries of rising interest rates — but will that be enough to offset declines in investment banking?

JetBlue's bid confounded some analysts.

Bank of America says demand for the iPhone is still strong despite reports of Apple cut back production of some models.

Ryan Coogler was approached by police minutes after passing a note to a teller asking her to be discreet over a money withdrawal.

Police said movie director Ryan Coogler was briefly handcuffed by Atlanta police after a bank teller mistook him for a robber when he passed her a note while trying to withdraw a large amount of cash from his account.

“This situation should never have happened,” Coogler told The Washington Post. “However, Bank of America worked with me and addressed it to my satisfaction, and we have moved on.”

These are the stocks posting the largest moves in midday trading.

Strong consumer spending and economic data show that Fed needs to start raising interest rates, BofA chief said.

Central bank officials must weigh their next steps carefully. Inflation isn’t the only problem plaguing the U.S. economy.

These are the stocks posting the largest moves in midday trading.

Atlanta Federal Reserve President Raphael Bostic said Wednesday he anticipates hiking interest rates three or four times this year, but he stressed that the central bank isn't locked into a specific plan. Speaking on CNBC's "Squawk Box," the policymaker signaled a view that is less aggressive than the market's on rates. "In terms of hikes for the interest rates, right now I have three forecast for this year," he said. Market pricing current is anticipating at least five and possibly six hikes of 0.25 percentage points each. Bank of America recently forecast seven hikes as the central bank fights inflation running at its highest level in nearly 40 years.

The move indicates that Apple is making changes to attract and retain hourly workers for its retail stores in a tight labor market.

The Consumer Financial Protection Bureau, emboldened under President Biden, is targeting what the watchdog agency says are exploitative “junk fees,” such as bank overdraft fees, that drain tens of billions of dollars annually from American family budgets.

On France's Reunion Island, migratory turtles are helping researchers gather information to better face cyclones. Water temperature data directly influences the intensity and development of tropical storms and cyclones and Tiago and Arthur are helping researchers understand the phenomenon.

So far performance from 2021's public debuts has been lagging their historical average significantly, while rate hikes and share unlocks present further risks.

More and more major banks are eliminating overdraft and non-sufficient fund fees for customers.

These are the stocks posting the largest moves before the bell.

Nation's second-largest bank also will stop charging customers when they bounce a check.

Nation's second-largest bank also will stop charging customers when they bounce a check.

Bank of America said it is slashing the fees it charges customers who overdraw their accounts and plans to eliminate non-sufficient funds fees entirely.

These are the stocks posting the largest moves in midday trading.

Check out the stocks making notable moves on Thursday, Jan. 6.

Stock futures were muted in early morning trading Thursday after the major U.S. stock averages fell sharply in the first losing regular trading session of the year.

These are the stocks posting the largest moves before the bell.

In response to a column by David Lazarus, readers share horror stories of trying to get their deceased parents' money, only to be stalled by BofA.

These are the stocks posting the largest moves in midday trading.

The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter.

U.S. stock index futures were little unchanged in overnight trading on Wednesday.

Rising prices are taking a bigger toll on people who live outside major metropolitan areas, recent research shows.

Bank of America announced its foundation has awarded more than $6 million in grants to 65 Detroit area organizations that create pathways to employment, provide job training, support food access and distribution. This announcement is part...

China’s economic rebound from the coronavirus pandemic is stalling as President Xi Jinping’s government cracks down on surging corporate debt. For a decade, the ruling Communist Party has talked about shifting to economy based on spending by 1.4 billion consumers instead of on building factories and apartments. Finally, Xi’s government is confronting the problem by clamping down on borrowing by a real estate industry that supports millions of jobs.

The move by Goldman is a sign of increased demand from large investors for information and analysis about cryptocurrencies and related fields like DeFi.

The move by Wells Fargo is part of a broader technology overhaul under CEO Charles Scharf.

Bank of America has established a $15 billion initiative to help Americans buy homes. So far, the company says it has helped 29,000 people reach that goal.

A Troy resident was scammed out of thousands of dollars while trying to buy Shih Tzu dogs online, officials said.

Bank of America’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was able to move more loans onto the “good” side of its balance sheet as the pandemic wanes.

Recently freed from regulators’ coronavirus restrictions, the largest U.S. banks have announced plans to return tens of billions of dollars to their shareholders over the next year in the form of dividends and stock buybacks.

Eager to lay out their support for struggling consumers and small businesses in the pandemic, the CEOs of the six biggest U.S. banks went before Congress.

Consumer banking giant Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025, the bank said Tuesday.

Bank of America’s profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic.

The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again.

Asian stock markets have risen after Wall Street hit a record high following an uptick in U.S. inflation and a order by regulators to suspend use of Johnson & Johnson’s coronavirus vaccine.

Technology companies helped lift stocks on Wall Street to a record high Friday.

America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen.

California added 141,000 jobs in February as more than a quarter of a million people returned to the workforce. The California Employment Development Department said Friday, March 26, that the state's unemployment rate in February was 8.5%, down from 9% in January. The Labor Department said Thursday that the number of claims increased from 658,000 the week before. Less than a year ago, the jobless rate had hit 14.8%. Some economists are even more optimistic: Joe Brusuelas, chief economist at the tax advisory firm RSM, is predicting 1 million added jobs for March.

The increase of just 49,000 positions in January made scarcely any dent in the nearly 10 million jobs that remain lost since the virus intensified nearly a year ago. The tepid increase followed a decline of 227,000 jobs in December, the first loss since April. Most of the drop in unemployment occurred because some people out of work found jobs, but others stopped looking for work and were no longer counted as unemployed. And without an increase of 80,000 temporary jobs, the economy would have posted a net loss for January. Still, more than 4 million Americans have lost jobs and stopped looking for work since the pandemic began.

DEARBORN HEIGHTS, Mich. – Police in Dearborn Heights are looking for woman in connection with a Thursday morning bank robbery. According to authorities, the the robbery happened at about 11 a.m. at the Bank of America located near the intersection of Ford and Telegraph roads. Police said she was driving a dark colored 2015-2020 Chevrolet Malibu. Anyone with information is asked to contact the Dearborn Heights Police Department at 313-277-6770. More: Metro Detroit crime news

They set aside, yet again, tens of billions of dollars to cover additional potentially bad loans. Collectively the five biggest banks put aside $34.62 billion to cover bad loans just in the second quarter. JPMorgan set aside $611 million to cover potentially bad loans in the third quarter, a fraction of the $10.47 billion the bank set aside to cover bad loans in the second quarter. On Wednesday, Bank of America said it set aside $1.4 billion to cover potentially bad loans, far less than the $5.1 billion it set aside three months earlier. Most of the worry seems to reflect investors' uncertainty about whether banks will have to set aside additional billions in the future.

CHARLOTTE, N.C. – Consumer banking giant Bank of America says third-quarter profit declined 15.6% from a year earlier, but saw less need to put aside money to cover potentially bad loans, citing improvements in the U.S. economy. The North Carolina-based bank said Wednesday that it earned a profit of $4.88 billion, or 51 cents per share, down from a profit of $5.78 billion, or 56 cents per share, in the same period a year earlier. BofA had $1.4 billion in loan-loss reserves in the third quarter, down from the $5.1 billion it set aside in the second quarter. BofA’s loan-loss reserves were higher than JPMorgan's, which only set aside $611 million in the quarter, but less than the $2.26 billion that Citigroup had set aside. The bank’s net interest yield — a measurement of how much profit the bank is earning on the loans it approved — was 1.72% in the quarter, down from 2.41% a year earlier.

NEW YORK Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the pandemic. Bank earnings this quarter have begun to paint a picture of American families and businesses struggling to pay bills with swaths of the nation's economy shut down. Those provisions come on top of the tens of billions they set aside in the first quarter when the pandemic first began to bloom. Because it is so consumer-focused, BofA is feeling the effects of the coronavirus pandemic more acutely than other major banks. The bank also revised down its outlook for the U.S. economy, following similar actions by other banks this week.

Justin Sullivan/Getty Images(CNN) - Bank of America hauled in its fattest profit ever during the second quarter thanks to sturdy spending from households that offset trouble in markets. Bank of America said on Wednesday that its profit jumped 8% during the second quarter to $7.3 billion, marking a record for the lender. For the first six months of 2019, Bank of America hauled in $14.7 billion, also setting a record for the first-half of a year. Global markets profit fell 7% at Bank of America, driven by a 6% decline in sales and trading revenue. Unlike Goldman Sachs, which reported an increase in stock trading revenue, Bank of America suffered a 13% tumble in that area.

Citi will kick off bank earnings season on Monday when it reports its second quarter results. Concerns about China's slowdown and weakening growth in Europe could hit the international divisions of the big banks. The stock market remains near record highs -- a boon for the big banks and their Wall Street units as well. "Lower interest rates should preclude a widespread real estate meltdown," said KBW analyst Frederick Cannon in a bank earnings preview report. "Higher interest rates slowed home sales early in the year.