Bank of America

The Latest

  • Bank of America Sees 10% Profit Rise Amid Strong Wall Street Performance
    Higher wage
    Bank of America has reported a 10% rise in its third-quarter profits. The Charlotte, North Carolina-based banking giant announced earnings of $7.8 billion, with revenue climbing 2.9% to reach $25.32 billion. This performance surpassed analysts' expectations, with the bank's shares rising 1.4% in premarket trading.
  • Bank Of America Anticipates Potential Debt Default As Congress Bickers U.S. Debt Ceiling
    Bank of America
    “We have to be prepared for that," Bank of America CEO Brian Moynihan said
  • Bank Of America Increasing Hourly Wages To $25 By 2025
    WAGE BUMP
    It will be the highest minimum wage paid by a large bank and could pressure others to follow.
  • Ka-Ching! Bank of America Customer Discovers $2.45 Billion Windfall
    Bank of America
    Psychiatrist Blaise Aguirre’s multibillion deposit soon found to be a “display error,” according to his bank.
  • Berkshire Hathaway Billionaire Buys 34 Million Bank Of America Shares
    ON THE PROWL
    The "Oracle of Omaha's" overall interest in BOA is worth nearly $24 billion.
  • Bank Of America Sees Dark Outlook, Revenues Drop Nearly Half
    BOA
    BOA expects recession due to virus and sets aside $3.6 billion to cover future losses.
  • Global Economy Poised For Worst Year Since 2008 Great Recession
    US Banks
    COVID-19 will decelerate world economic growth to 2.8% this year, the lowest since the Great Recession of 2008.
  • Bank Of America Plans To Double Share of US Consumer Market
    BOFA
    Bank of America will rely solely on the U.S. to double its consumer market share.
  • Starting 2020, Bank Of America Will Increase Its Minimum Pay To $20
    BOFA
    More than 208,000 US employees of Bank of America will get $20 per hour by end of first quarter next year
  • Warren Buffett Raises Stake In Bank Of America To $29 Billion
    The Bank of America
    Warren Buffett's Berkshire Hathaway has increased its stake in the Bank of America to more than 10 percent, or more than $29 billion.
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