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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 company headquartered in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, 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. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

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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. ......
WorldNews - Published Also reported by •Reuters

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.
Reuters - Published

Videos for Bank of America


Millennials Are Doing Everything 'Right' Financially. So Why Are They Still Worse Off? [Video]Millennials Are Doing Everything 'Right' Financially. So Why Are They Still Worse Off?

Millennials began saving for retirement in their 20s. That's a decade before previous generations, who waited until their 30s. But Business Insider reports that even with that head start, millennials..

Credit: Wochit News     Duration: 00:35Published

Half Of Millennial Parents Underestimated Cost Of Having Kids [Video]Half Of Millennial Parents Underestimated Cost Of Having Kids

According to Business Insider, a new Bank of America report shows that 59% of millennial parents underestimated the cost of raising children. The report surveyed over 1,900 Americans, with millennial..

Credit: Wochit News     Duration: 00:30Published

Dow closes above 29,000 for first time [Video]Dow closes above 29,000 for first time

The Dow finished above the 29,000 mark for the first time Wednesday as investors welcomed the signing of a U.S.-China trade deal. Fred Katayama reports.

Credit: Reuters Studio     Duration: 01:18Published

 

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.
Reuters - Published

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..
CBS News - Published

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.
BBC News - Published

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
CBS News - Published

Bank of America posts biggest jump in fees on Wall Street

bank of america posts biggest jump in fees on wall street
New York — Bank of America (BoA) posted the biggest jump in investment-banking fees on Wall Street, helping profit overcome headwinds from lower interest rates. BoA stock jumped as much as 3.3% on..
WorldNews - Published

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..
Reuters - Published

Advisory fees, lending power Bank of America beat

Bank of America Corp beat Wall Street estimates for quarterly profit as it earned more in advisory fees and grew its loan book, easing concerns that lower interest rates would crimp growth at the..
Reuters - Published

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.
Reuters - Published

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..
Reuters - Published

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.
USATODAY.com - Published

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.
CBS News - Published

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..
WorldNews - Published

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..
Reuters - Published

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..
Reuters - Published

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.
Reuters - Published

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.
Reuters - Published

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.
USATODAY.com - Published

Bank of America to stop financing operators of private prisons, detention centers

Bank of America Corp said on Wednesday it will no longer finance operators of private prisons and detention centers, joining peers in distancing itself from a sector that has triggered protests over..
Reuters - Published

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