Your Followed Topics

Top 7 bank of america News Today

#1
finance.yahoo.com
#1 out of 7
business1d ago

Bank of America joins big bank peers in reporting rising profits, calls US economy 'resilient'

https://finance.yahoo.com/news/bank-of-america-joins-big-bank-peers-in-reporting-rising-profits-calls-us-economy-resilient-110856654.html
Finance.yahoo.com
  • Bank of America posted a 17% rise in profits for Q1 2026, beating expectations with $8.6 billion in earnings.
  • Equity trading revenue hit a quarterly record, underscoring strong performance from Wall Street units.
  • CEO Brian Moynihan cited healthy client activity and solid consumer spending as signs of economic resilience.
  • Other big banks also reported profits rising and beating expectations in Q1 2026, illustrating a broader earnings rebound.
  • Total sales and trading revenue rose 30% year over year, contributing to the earnings uplift.
  • Credit card spending among US customers increased by 7% year over year.
  • Credit card delinquencies over 90 days declined to 1.30% from 1.34% a year earlier.
  • Alastair Borthwick, CFO, highlighted the ongoing assessment of evolving risks amid supportive earnings.
  • Bank of America’s consumer spending strength helped offset volatility in other areas of the business.
  • The quarterly results align with a broader earnings rebound among leading U.S. banks in early 2026.
  • Analysts expected higher per-share earnings, and actual results surpassed those expectations.
Vote 0
0
#2
finance.yahoo.com
#2 out of 7
business1d ago

BofA CEO calls economy 'resilient,' ASML stock falls post-earnings

https://finance.yahoo.com/video/bofa-ceo-calls-economy-resilient-asml-stock-falls-post-earnings-171437206.html
Finance.yahoo.com
  • Bank of America reported quarterly profits of $8.6 billion, with Moynihan calling the economy resilient.
  • ASML lifted its full-year revenue forecast, but its shares fell about 6.5% during the session.
  • Investors monitored Nasdaq and S&P 500 as they approached record levels amid strong bank earnings.
  • Bank of America beat earnings expectations with rising profits from a large US bank.
  • ASML’s outlook remained positive despite stock weakness as analysts weighed second-quarter outlook.
  • The report frames a contrast between solid bank earnings and mixed tech-sector signals.
  • The market summary notes a Nasdaq streak and near-record S&P performance.
  • ASML raised guidance for full-year 2026 revenue, signaling continued demand for semiconductor equipment.
  • The piece emphasizes the broader market context as technology shares move with earnings results.
  • The report is part of Yahoo Finance's Market Minute overview of top movers and stories.
Vote 0
0
#3
Tax Day is here. How to pocket more of your portfolio's return, according to Bank of America
#3 out of 7
business16h ago

Tax Day is here. How to pocket more of your portfolio's return, according to Bank of America

https://www.cnbc.com/2026/04/15/tax-day-is-here-how-to-pocket-more-of-your-portfolios-return-per-bofa.html
Cnbc.com
  • Bank of America argues tax-aware investing can boost long-term after-tax returns versus tax-insensitive strategies.
  • Investors should consider buybacks over dividends as a tax-friendly way to return cash.
  • Municipal bonds can provide tax-exempt income at federal levels and possibly state taxes too.
  • Consider high-yield munis for income, with funds like HYD and MUB cited as options.
  • Direct exposure to MLPs can offer higher yields but brings tax complexity via K-1s.
  • MLP distributions are treated as a return of capital, affecting cost basis for investors.
  • Investors should be aware that fund-level taxation differs from direct MLP ownership.
  • The report compares a 60/40 portfolio under two tax regimes to illustrate tax alpha.
  • The Bank of America analysis suggests tax efficiency can help in a climate of AI spend and buyback changes.
  • Investors can use specific ETFs as examples for tax-efficient exposure to buybacks and munis.
Vote 0
0
#4
BofA's trading desk avoided a single daily loss in Q1 amid market turmoil
#4 out of 7
business14h ago

BofA's trading desk avoided a single daily loss in Q1 amid market turmoil

https://apnews.com/article/bank-of-america-morgan-stanley-wall-street-eedf35f673519cf7ac4045dfa6d578da
Apnews.com
  • The market volatility linked to the Iran war boosted Wall Street trading revenue in Q1.
  • Bank of America saw $2.8 billion in first-quarter equity trading revenues, up 30%.
  • Morgan Stanley reported a 29% rise in bond-trading revenues to $3.36 billion.
  • Overall bank earnings reflected a broad boost from market activity across advisory and trading.
  • Executives noted ongoing geopolitical risks and energy prices as a watchful backdrop.
  • Bank of America cited consumer strength despite energy-price rises.
Vote 0
0
#5
Americans have never been this gloomy about the economy. Wall Street has never cashed in harder | Fortune
#5 out of 7
business6h ago

Americans have never been this gloomy about the economy. Wall Street has never cashed in harder | Fortune

https://fortune.com/2026/04/16/americans-gloomy-economy-wall-street-k-shape-market-manipulation-iran-war/
Fortune.com
  • Wall Street banks posted record or near-record quarterly revenues as trading desks thrived amid volatility tied to Iran-related energy concerns.
  • Analysts say volatility is the product, driving profits as institutions reposition portfolios in response to geopolitical shocks.
  • Consumer sentiment has fallen to a 74-year low, contrasting with Wall Street’s booming quarterly results.
  • Economists note a resilient consumer backdrop despite higher gas prices and energy shocks.
  • The article discusses concerns over market manipulation, distinguishing jawboning from insider activity.
  • The study cites the Sahm rule as a reference point for recession indicators and consumer behavior.
  • The piece notes a widening disparity where the wealthiest own most equities while many households face cost pressures.
  • Oil and energy prices have contributed to a broader energy crisis influencing markets and consumer costs.
  • Economists warn that slowing consumer spending could dent the stock market if earnings fail to meet expectations.
  • The Fortune piece situates current market dynamics within a broader macro picture of volatility and policy uncertainty.
Vote 0
0
#6
finance.yahoo.com
#6 out of 7
business4h ago

Jim Cramer Wonders Whether It’s Time to Buy The TJX Companies (TJX)

https://finance.yahoo.com/markets/stocks/articles/jim-cramer-wonders-whether-time-164404766.html
Finance.yahoo.com
  • Cramer asks if now is the time to buy The TJX Companies as consumer sentiment softens.
  • TJX stock up about 24% over the last year, with a 3.9% rise year-to-date.
  • Bank of America lifts TJX target to $175 with Buy stance, citing operational strength.
  • UBS reiterates Buy with a $193 target, highlighting market share potential.
  • Cramer previously referenced TJX in Mad Money amid discounting commentary.
  • The article links TJX’s discounting strategy to its stock performance.
  • Market observers note TJX’s potential to gain market share in retail.
  • The report aggregates analyst views from Bank of America and UBS.
  • TJX is described as an off-price retailer with solid long-term momentum.
  • The piece notes TJX's price activity in relation to highs and discounts.
  • The article mentions a broader context of market signals and performance metrics.
Vote 0
0
#7
finance.yahoo.com
#7 out of 7
business2h ago

Bank of America Travel Rewards Credit Card review: Hassle-free rewards and no annual fee

https://finance.yahoo.com/personal-finance/credit-cards/review/bank-of-america-travel-rewards-credit-card-215409837.html
Finance.yahoo.com
  • The Bank of America Travel Rewards card has no annual fee and a flat 1.5x rewards rate on all purchases.
  • New cardholders can earn 25,000 bonus points after spending $1,000 in 90 days, equivalent to a $250 travel credit.
  • The card has no foreign transaction fees, making it travel-friendly for international purchases.
  • Preferred Rewards members can boost earning by up to 75%, up to 2.62x points on purchases.
  • Redeem options include statement credits toward travel and dining, cash back, or gift cards.
  • There are no transfer partners or premium travel benefits, keeping expectations aligned with a simple rewards card.
  • The card is positioned as suitable for beginners or travelers who want easy-to-use rewards.
  • Intro APR offers include 0% for 15 billing cycles on purchases and balance transfers, with a transfer fee.
  • The card uses Visa and is widely accepted worldwide with no foreign transaction fees.
  • The review recommends this card for beginners, noting other cards offer higher rewards or premium benefits.
Vote 0
0

Explore Your Interests

Unlimited Access
Personalized Feed
Full Experience
or
By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.

Explore Your Interests

Create an account and enjoy content that interests you with your personalized feed

Unlimited Access
Personalized Feed
Full Experience
or
By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.

Advertisement

Advertisement