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The Latest Breaking News from Bank of America

Merrill Lynch agrees to pay nearly $20 million to settle class action racial discrimination lawsuit

Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses the Wall Street brokerage giant of racially discriminating against its Black financial advisers

The Independent UK

Bank of America CEO Brian Moynihan says both consumers and businesses are ‘slowing things down’—in fact, they’re acting like its 2016, a period of ‘very low growth’

"We gotta keep the consumer in the game in the U.S. economy because it's such a big part of it."

Fortune

Supreme Court Rules In Favor Of Homeowners Against Bank Of America

Supreme Court rules in favor of homeowners, requiring banks to pay interest on mortgage escrow accounts. The decision highlights the balance between state ...

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Supreme Court gives homeowners another chance in escrow dispute with Bank of America

The Supreme Court has given homeowners another chance to force Bank of America and other large banks to pay interest on mortgage escrow accounts

The Independent UK

Apple's AI-Powered 'IntelliPhones' Will Spark a Buying Frenzy, Analysts Say

BofA analysts predict AI-powered "IntelliPhones" will revolutionise smartphones and trigger a major upgrade cycle for Apple.

International Business Times UK

Apple is getting a once-in-a-decade secret weapon in AI-enabled ‘intelliphones’—Bank of America sees its stock surging 20%

AI could breathe life into the stagnant tech giant by kicking off an iPhone upgrade cycle.

Fortune

Which Bank Stock Offers a Higher Yield: Bank of America (BAC) vs. Citigroup (C)

Despite challenges like high interest rates and inflation, the banking sector grows due to a strategic focus on deposit quality and promising global market expansion. Now, let's delve into the fundamental aspects of Bank of America (BAC) and Citigroup (C) stocks to see which bank stock offers a higher yield.…

StockNews.com

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Why Super Micro Computer Stock is a Buy After Nvidia’s Earnings Report

Super Micro stock's rally has been impressive, and after Nvidia's blockbuster earnings report, signs of strong AI demand suggest the stock's upside trajectory should continue.

Barchart

Kiplinger Readers' Choice Awards 2024: Wealth Managers

These are the winners of the Kiplinger Readers’ Choice Awards' best Wealth Managers category. Our awards celebrate the very best products and services in personal finance.

Kiplinger

Nvidia earnings seal Big Tech stock dominance

The S&P 500 has printed two dozen record highs this year, but it increasingly relies on the Magnificent 7 tech stocks.

The Street

Nvidia’s 10-for-1 stock split confirms ‘Big Tech is going bite-sized’ to lure retail investors, BofA says

Bank of America’s research shows that stocks have managed 25% total returns in the 12 months after a stock split historically, compared with 12% for the S&P 500.

Fortune

2 Standout Cathie Wood Stocks That Just Scored Upgrades

These two Cathie Wood stocks, which have earned a vote of confidence from Bank of America, are sailing past the broader market this year.

Barchart

Major bank CEO says he only took his $4.2M job on the condition he could work from home

"I wouldn’t have wanted to be away from home five days a week. That wouldn’t have been good for the family or for me.”

Fortune

Warren Buffett Counts On This Stock The Most As Apple Sours

Apple is the largest position in Warren Buffett's Berkshire Hathaway. But it's not the stock the famed investor is making the most money on.

Investors Business Daily

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Barchart

5 Top Stocks to Invest in the Energy Grid

As electricity demand surges, straining the already-stretched electrical grid, here are five top-notch stocks that Bank of America believes could benefit from this skyrocketing demand.

Fortune

Jamie Dimon shocks Wall Street, hinting at his retirement in the next five years and reciting a laundry list of red flags about the global economy

Dimon says he’s “cautiously pessimistic” about the future of inflation, spending, and the geopolitical landscape.

The Street

Analysts revamp S&P 500 predictions following record rally

The S&P 500 is on pace for its best month-of-May gain since 2009.

Barchart

Nvidia Stock Forecast: Can NVDA Rise Above $1,000 After Earnings?

Nvidia will release its fiscal Q1 earnings this week. Can NVDA stock rise above $1,000 after the report?

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news in one place.

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Barchart

This 'Mag 7' Stock Could Rise Another 21%, Says Bank of America

A Bank of America analyst believes Apple’s growth and fiscal strategies will continue to work in its favor, boosting the stock price.

Capital & Main

Abandoned Wells, Methane-Emission Loopholes and Underground Toxic Waste Dumps All Raise Concerns

Here are the world’s top banks financing fossil fuels — is yours on the list?

Kiplinger

10 Ways to Save Money at Starbucks

Use these 10 hacks to save money at Starbucks without sacrificing great taste or breaking the bank

International Business Times

Mission Impossible? Next Boeing CEO Faces Pile Of Problems

Since announcing plans in late March to replace CEO Dave Calhoun at the end of 2024, Boeing's problems have seemingly gone from bad to worse, complicating an already daunting executive search.

International Business Times UK

Netizens Raise $383K For Banker Dead at 35: Wall Street Slammed For Toxic Work Culture

Employees of Bank of America have reported working 100-hour work weeks, leaving their posts due to a toxic work environment and feeling depleted.

The Street

Analyst updates S&P 500 price target after CPI inflation surprise

Stocks are trading at all-time highs as investors see light at the end of a long inflation tunnel.

The Guardian - UK

Banks have given almost $7tn to fossil fuel firms since Paris deal, report reveals

Among world’s top 60 banks those in US are biggest fossil fuel financiers, while Barclays leads way in Europe

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