Bank of America

American multinational banking and financial services corporation

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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 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 1 week ago

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 on August 14, 2020

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 on August 6, 2020

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 on August 5, 2020

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 on August 3, 2020

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Without government help, the economy is slumping again Bank of America says the economy needs an additional $1.4 trillion to keep the recovery going. CBS News - Published on August 21, 2020
Jake Paul Says He'll K.O. Nate Robinson 1st Round, McDonald's Diet Fine 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.. TMZ.com - Published on August 15, 2020

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.. CBS News - Published on August 14, 2020
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.. Reuters India - Published on June 2, 2020Also reported by •Reuters
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.. Reuters - Published on April 15, 2020

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. Reuters - Published on April 15, 2020
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.. Reuters - Published on April 3, 2020
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. Reuters - Published on April 3, 2020
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.. Reuters - Published on April 3, 2020

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. Reuters - Published on March 17, 2020
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 on January 15, 2020Also 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 on January 15, 2020	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 on January 15, 2020
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 on November 30, 2019	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 on November 15, 2019
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 on November 5, 2019	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 on October 16, 2019
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 on October 16, 2019	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 on October 16, 2019
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 on October 16, 2019	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 on September 30, 2019
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 on September 29, 2019	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 on August 6, 2019
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 on July 18, 2019	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 on July 17, 2019
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 on July 17, 2019	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 on July 17, 2019
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 on June 28, 2019	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 on June 28, 2019
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 on June 26, 2019