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Bank of America

American multinational banking and financial services corporation

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Bank of America: American multinational banking and financial services corporation
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Dallas, and Toronto. Founded in San Francisco, Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase, and the eighth largest bank in the world. Bank of America is one of the Big Four banking institutions of the United States. it services approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

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BOA Boosts Third Quarter GDP Growth [Video]

BOA Boosts Third Quarter GDP Growth

Economists at Bank of America lifted their forecast for third-quarter US GDP growth to 27% from 15% on Friday. Business Insider reports better-than-expected trends in retail sales, the housing market,..

Credit: Wochit News     Duration: 00:38Published
BoA: Upgrades Tesla [Video]

BoA: Upgrades Tesla

On Friday, Bank of America upgraded Tesla to "neutral" from "underperform." It raised its price target to $1,750 from $800. The firm's new price target implies an 8% upside for Tesla shares over the..

Credit: Wochit News     Duration: 00:28Published
BoA: Reasons To Buy Discount Store Stocks [Video]

BoA: Reasons To Buy Discount Store Stocks

Business Insider reports that banks' and tech giants' earnings largely impressed Wall Street. Bank of America says discount stores are set to post similarly positive results, according to Bank of..

Credit: Wochit News     Duration: 00:50Published
Apple Downgraded By BoA [Video]

Apple Downgraded By BoA

On Wednesday, Bank of America analysts downgraded Apple, Inc. To BoA, Apple's surging stock price doesn't present the strong risk-reward profile it once did. BoA downgraded Apple to "neutral" in a..

Credit: Wochit News     Duration: 00:34Published
Buffett's Apple Stake Triples In Value [Video]

Buffett's Apple Stake Triples In Value

Warren Buffett's investment in Apple has tripled in value to north of $100 billion. Buffett's Berkshire Hathaway spent about $35 billion to build the 5.7% stake in Apple The 10% rise in Apple's stock..

Credit: Wochit News     Duration: 00:28Published

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Without government help, the economy is slumping again

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Jake Paul says you can bet your mortgage on him knocking out Nate Robinson early in their celeb boxing match ... which might explain him messing with Big Macs without worry. The YouTube star was..
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Tory Burch and Bank of America partner to support women entrepreneurs

CEO and designer Tory Burch and Bank of America corporate responsibility executive Andrew Plepler join the "CBS This Morning" co-hosts to discuss their initiative. Elizabeth Street Capital is designed..
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Bank of America pledges $1 billion to address racial, economic inequality

Bank of America Corp on Tuesday pledged $1 billion to help communities across the country address economic and racial inequality, the first big bank to vow monetary support following violent protests..
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Bank of America gives dour economic outlook, profit falls

Bank of America Corp reported a 48.5% drop in first-quarter net income on Wednesday, warning that it anticipated a recession because of the novel coronavirus and setting aside an additional $3.6..
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Bank of America profit nearly halves as loan loss provisions soar

Bank of America Corp recorded a 48.5% fall in quarterly profit as the bank set aside $3.6 billion for potential loan losses tied to the coronavirus pandemic.
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Big U.S. banks start accepting small business aid requests

Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially..
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U.S. small businesses flood Bank of America with loan applications

Bank of America Corp said on Friday it has already received about 35,000 applications for federally backed small-business loans within hours of starting to accept them.
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Bank of America received 10,000 applications within first hour of small-business loan program

Bank of America Corp has already received about 10,000 applications for federally backed small-business loans within the first hour of starting to accept them, Chief Executive Brian Moynihan said in a..
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Market crash brings back 2008 memories, cash is king: BofA

The rapid-fire selloff in stock markets and dire economic forecasts due to the coronavirus have rattled investors and spurred a dash for cash, a BofA fund manager survey showed on Tuesday.
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Bank of America beats on bond trading boost, loan growth

bank of america beats on bond trading boost, loan growth
Bank of America reported a 25% rise in bond trading revenue, although that was far short of the 86% surge at JPMorgan Chase and Co and a 49% jump at Citigroup Inc. ......
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Low rates bruise Bank of America profits into 2020

Bank of America Corp got stung by lower interest rates in the fourth quarter, sending its profit down 4%, a trend that management expects to continue this year.
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Bank of America quarterly profit falls 4%

Bank of America Corp posted a 4.1% fall in quarterly profit on Wednesday, as lower interest rates crimped the second-biggest U.S. lender's ability to earn more from loans.
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The future of the American mall

Almost 1,700 stores inside malls closed in 2018, according to Bank of America, and so far this year, closings have reached more than 4,000. But one company believes it has found a way to reverse the..
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British athletes threaten to sue BOA over sponsorship

Some of Britain's top athletes are threatening to sue the British Olympic Association (BOA) over "ridiculous and unfair" sponsorship regulations.
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Bank of America hiking minimum wage to $20 an hour

It will be first major U.S. financial institution to crack $20 line, reflecting the tight labor market
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Bank of America posts biggest jump in fees on Wall Street

bank of america posts biggest jump in fees on wall street
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Bank of America beats profit estimates on surge in advisory, lending

Bank of America Corp beat Wall Street estimates for quarterly profit on Wednesday as it earned more in advisory fees and its loan book expanded, easing concerns that lower interest rates would crimp..
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Advisory fees, lending power Bank of America beat

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Bank of America profit falls on $2 billion impairment charge

Bank of America Corp , the second-largest U.S. bank by assets, reported a 21% fall in quarterly profit on Wednesday, hurt mainly by a $2 billion pretax impairment charge.
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Bank of America, Morgan Stanley eye growth in employee-benefits management

Morgan Stanley and Bank of America Corp are expanding the employee-benefits services they offer, hoping to gain market share in the dull-but-reliable business of managing wealth for companies and..
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NASCAR playoffs 2019: Schedule, lineup, TV and more for Bank of America Roval 400 at Charlotte

All the information you need to get ready for Sunday's Bank of America Roval 400, the first elimination race of the NASCAR Cup Series playoffs.
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Which major supermarkets offer the best prices?

Bank of America analysts reviewed six big supermarket chains for their prices on 54 items like produce, meat and dairy. Here's how it all added up.
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Bank of America is seeing a deceleration in digital sales

bank of america is seeing a deceleration in digital sales
Bank of America's Q2 2019 earnings revealed that its digital banking users hit 37.3 million, up 4% year-over-year (Y0Y), unchanged from Q1, while mobile banking users jumped to 27.8 million, spiking..
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Wall Street opens flat, investors shrug off bank results

U.S. stocks opened flat on Wednesday as trade worries and concerns about the balance of monetary policy and growth outweighed solid results from Bank of America and a boost to chipmakers from Dutch..
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Bank of America trims net interest income guidance

Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected..
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Bank of America profit beats as healthy economy fuels loan growth

Bank of America Corp beat estimates for quarterly profit on Wednesday, as the United States' second-largest lender's loan book benefited from a healthy domestic economy.
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When controversies hit, wait-and-see no longer works, U.S. companies find

When Bank of America Corp held its annual meeting in April, activists insisted it stop financing private prison companies.
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Bank of America to cut ties with companies that help run immigrant detention centers, private prisons

Bank of America has decided to "exit the relationships" it has with companies that provide prisoner and immigrant detention services.
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Bank of America to stop financing operators of private prisons, detention centers

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