NYSE - Nasdaq Real Time Price USD

Bank of America Corporation (BAC)

35.77

+0.54

(+1.53%)

At close: April 18 at 4:00 PM EDT

35.71

-0.06

(-0.17%)

After hours: April 18 at 7:59 PM EDT

BofA CEO: National debt is something to be concerned about

The International Monetary Fund warned in its latest economic outlook that when it comes the US national debt, "Something will have to give." Bank of America CEO Brian Moynihan (BAC) tells Yahoo Finance Executive Editor Brian Sozzi that though the US did need to spend a lot to keep the economy churning during the pandemic, in better times "you have to have more discipline." "The financial strength of the US is one of the beacons of the world," Moynihan says, "but you got to take care of that. One of the parts of taking care of that is making sure the government's budget stays in line with the economy." He adds that it's not something that alarms need to be raised about yet, but a it is something that needs to be managed over time. Click here to watch the full interview with Bank of America CEO Brian Moynihan. This post was written by Stephanie Mikulich.

Yahoo Finance Video 20 hours ago

BAC
+1.53%
Bank of America Insiders Sold US$4.8m Of Shares Suggesting Hesitancy

In the last year, many Bank of America Corporation ( NYSE:BAC ) insiders sold a substantial stake in the company which...

Simply Wall St. 19 hours ago

BAC
+1.53%
15 AGs put BofA on notice for ‘de-banking’ conservatives

“Your discriminatory behavior is a serious threat to free speech and religious freedom, is potentially illegal, and is causing political and regulatory backlash,” alleged Kansas Attorney General Kris Kobach.

Banking Dive 19 hours ago

SDAWW
3 Important Things We Just Learned From Bank of America

Do the results suggest a recession is coming?

Motley Fool 20 hours ago

SDAWW
Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income

As the U.S. financial sector grapples with recent earnings releases, investor reactions have been mixed. Some stocks are witnessing declines. Others are posting gains. See below. Banks Q1 Earnings Reports And Market Reactions, So Far Company Ticker Mkt Cap ($ mn) Price ($) Rating JPMorgan Price Target End Date Q1 Earnings Date EPS Revenue Stock Reaction (since earnings) as of April 18, 2:40 PM ET Citigroup Inc. C 119,590.80 62.84 N 64 Dec-24 Apr 12 Beat Beat -4.46% Wells Fargo WFC 206,396.90 57.

Benzinga yesterday

C
+0.26%
SDAWW

WFC
+2.73%
Grants to Preserve Historic Art Awarded in 11 Countries by BofA

Twenty-four cultural institutions have been named as grant recipients of the 2024 Bank of America Art Conservation Project. They represent a diverse range of artistic styles, media and cultural traditions across the United States, Canada, Mexico, Brazil, United Kingdom, France, Italy, The Netherlands, South Africa, India and Japan.

PR Newswire yesterday

BAC
+1.53%
Bank of America CEO: The Federal Reserve is winning the war on inflation

Bank of America CEO Brian Moynihan weighs in on the fight against inflation and another solid quarter of consumer spending.

Yahoo Finance yesterday

BAC
+1.53%
C
+0.26%
JPM
+0.65%
Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 3.841% Fixed/Floating Rate Senior Notes Due April 2025

Bank of America Corporation announced today that it will redeem on April 25, 2024 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2025 (CUSIP No. 06051GKT5) (the "Floating Rate Notes"), and all $2,000,000,000 principal amount outstanding of its 3.841% Fixed/Floating Rate Senior Notes, due April 2025 (CUSIP No. 06051GKS7) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Notes").

PR Newswire yesterday

BAC
+1.53%
BofA CEO explains inflation is shifting consumer spending

Bank of America (BAC) reported better-than-expected first quarter earnings on Tuesday, though its net interest income fell 3% from a year ago. Bank of America CEO Brian Moynihan joined Yahoo Finance Executive Editor Brian Sozzi to discuss the results, the state of the US consumer, and the Federal Reserve's inflation fight. On the consumer, Moynihan says that, from the data he is seeing, "US consumer activity is slowing down, but that is not stopping" and that the data is consistent with a more normalized US economy. He notes that "if you thought the consumer was really holding back because of inflationary prices they wouldn't be spending on things that have price flexibility... but they are. They are spending on entertainment, restaurant spending is growing faster than food and store spending." He argues that means consumers are making discretionary purchases and necessary purchases at about the same levels as they were before the pandemic, which is a sign of normalization. Overall, Moynihan believes the Fed is "winning" the fight against inflation, it's just going to take time. Watch the video above to hear Moynihan explain why Bank of America's credit card business is seeing such success. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.

Yahoo Finance Video yesterday

BAC
+1.53%
High Yields Lure Buyers to US Treasuries, Including 20-Year Sale

(Bloomberg) -- Investors flocked to Treasury yields near the highest levels of the year on Wednesday, including in an auction of 20-year bonds.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainSingapore Loses ‘World’s Best Airport’ Crown to QatarThe rally trimmed yields across the market by as much as 10 basis p

Bloomberg yesterday

BAC
+1.53%
WFC
+2.73%
Bank of America Corporation (NYSE:BAC) Q1 2024 Earnings Call Transcript

Bank of America Corporation (NYSE:BAC) Q1 2024 Earnings Call Transcript April 16, 2024 Operator: Good day everyone and welcome to the Bank of America earnings announcement. At this time, all participants are in a listen-only mode. Later you will have the opportunity to ask questions during the question and answer session. You may register to […]

Insider Monkey yesterday

SDAWW
Wall Street says a Wall Street revival is finally here

Big bank bosses are not hiding their enthusiasm about Wall Street as first quarter jumps in investment banking spur new hopes for a sustained dealmaking revival.

Yahoo Finance yesterday

JPM
+0.65%
C
+0.26%
GS
-0.20%
Deposits are banking industry's 'boogeyman': Money manager

Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major financial players who have reported earnings so far. Hennessy Funds Portfolio Manager David Ellison joins Market Domination to discuss the biggest boons and challenges for the banking sector. "I think the boogeyman or the real new issue is what's going to happen to the deposit side," Ellison explains. "Since the Silicon Valley-First Republic issues of a year or so ago, the deposit side has really been exposed as a risk factor for the industry that we've never had. So you see most of these large banks losing non-interest bearing deposits to the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 days ago

BAC
+1.53%
PNC

JPM
+0.65%
Investment Banking Bounceback Powers Big U.S. Lenders

Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected earnings thanks to strong consumer spending and a flurry of Wall Street activity.

The Wall Street Journal 2 days ago

MS

C
+0.26%
BAC
+1.53%
Bank of America (BAC) Q1 2024 Earnings Call Transcript

BAC earnings call for the period ending March 31, 2024.

Motley Fool 2 days ago

SDAWW
Why Bank of America Stock Is Under Pressure Today

The quarter was solid, but charge-offs caught investors off guard.

Motley Fool 2 days ago

SDAWW
US luxury sales see 12% decline in March: BofA

US luxury spending saw a 12% decline in March. However, the global luxury landscape has shown more fluctuating trends. Luxury conglomerate LVMH (MC.PA), the parent company of brands like Louis Vuitton and Dior, highlighted strong performance in other regions, notably the Middle East and Europe. Yahoo Finance's Madison Mills breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

Yahoo Finance Video 2 days ago

LVMHF

LVMUY

BAC
+1.53%
Big banks led by Citi continue to trim staff to cut costs

(Reuters) -U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop. Headcount at Citi declined by 2,000 employees after the third-largest U.S. lender completed a sweeping reorganization aimed at improving profits and reducing management layers. Headcount at Bank of America, Wells Fargo and PNC Financial declined by about 2,000 jobs combined in the three months ended March 31 compared with the previous quarter.

Reuters 2 days ago

C
+0.26%
SDAWW
Bank of America Earnings Drop, Under Pressure From Higher Rates; Stock Falls

Bank of America reported a 18% drop in first-quarter profit, the latest big lender to feel the squeeze of higher interest rates. BofA's shares were recently down more than 3%, outpacing a decline in an index of big bank shares. Here’s a rundown of the bank's results, out this morning: + BofA took a special charge of $700 million to pay the Federal Deposit Insurance Corp. over last year’s bank failures, on top of the $2.1 billion charge it booked last quarter.

The Wall Street Journal 2 days ago

BAC
+1.53%
Bank earnings reveal capital markets' 'resurgence': Analyst

Morgan Stanley (MS) and Bank of America (BAC) have reported their first quarter earnings, beating expectations on the top and bottom lines. Bank of America posted revenue of $25.82 billion, surpassing estimates of $25.61 billion, alongside an adjusted EPS of $0.83, beating the $0.77 estimate. Similarly, Morgan Stanley reported revenue of $15.14 billion, outperforming the $14.46 billion estimate, with adjusted EPS of $2.02, exceeding the $1.66 estimate. To provide insights on these results, Argus Research Director of Financial Services Research Stephen Biggar joins Yahoo Finance. According to Biggar, the overarching theme is "a resurgence in capital markets" — a "durable upturn in investment banking." Biggar notes that the banks' capital markets-related businesses, such as wealth management, investment banking, and trading, are "doing much better." However, he acknowledges that the lending business and net interest income have "faced some struggles." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

Yahoo Finance Video 2 days ago

MS

BAC
+1.53%

Performance Overview

Return	BAC	S&P 500
YTD	+6.99%	+5.06%
1-Year	+21.52%	+20.71%
3-Year	-1.54%	+19.73%

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Bank of America Corporation (BAC)

BofA CEO: National debt is something to be concerned about

Bank of America Insiders Sold US$4.8m Of Shares Suggesting Hesitancy

15 AGs put BofA on notice for ‘de-banking’ conservatives

3 Important Things We Just Learned From Bank of America

Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income

Grants to Preserve Historic Art Awarded in 11 Countries by BofA

Bank of America CEO: The Federal Reserve is winning the war on inflation

Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 3.841% Fixed/Floating Rate Senior Notes Due April 2025

BofA CEO explains inflation is shifting consumer spending

High Yields Lure Buyers to US Treasuries, Including 20-Year Sale

Bank of America Corporation (NYSE:BAC) Q1 2024 Earnings Call Transcript

Wall Street says a Wall Street revival is finally here

Deposits are banking industry's 'boogeyman': Money manager

Investment Banking Bounceback Powers Big U.S. Lenders

Bank of America (BAC) Q1 2024 Earnings Call Transcript

Why Bank of America Stock Is Under Pressure Today

US luxury sales see 12% decline in March: BofA

Big banks led by Citi continue to trim staff to cut costs

Bank of America Earnings Drop, Under Pressure From Higher Rates; Stock Falls

Bank earnings reveal capital markets' 'resurgence': Analyst

Performance Overview