The Latest Breaking News from Brian Moynihan

"Solid client activity across our businesses, coupled with higher interest rates, drove strong net interest income growth and allowed us to perform well in a weakened capital markets environment," said CEO Brian Moynihan.

Wall Street’s focus seems to have changed in recent days from how fast and how high the Federal Reserve will raise interest rates to the timing of the next recession. The two are not mutually exclusive. The consensus is that the Fed is so far behind that curve when it…

Bank Of America Corp (NYSE: BAC) on Monday reported strong first-quarter financial results led by an increase in consumer lending activity. 

Morgan Stanley analyst Betsy Graseck upgraded Bank of America Corp (NYSE:BAC) to Equal Weight from Underweight with a price target of $49, down from $51. The price target implied an upside of 13.7%. Graseck downgraded the U.S. banks and consumer finance sector to In-Line from Attractive, saying "war changes everything." Graseck upgraded Bank of…