The Latest Breaking News from Alastair Borthwick

Bank of America's AI bet is starting to pay off, its CFO says

AI‑enabled productivity, not just cost‑cutting, is showing up in the bank’s efficiency ratio and returns, CFO Alastair Borthwick says.

Fortune · Jul 15

Wall Street Volatility Becomes Bank of America’s Gold Mine, Trading Revenue Soars 33%

Bank of America Corp. (NYSE:BAC) reported stronger-than-expected second-quarter fiscal 2026 results on Tuesday.

Benzinga · Jul 14

Bank of America's 18,000 financial advisors just got a new AI tool as the company posts a record quarter

A new AI tool for financial advisors is one sign of how Bank of America is weaving artificial intelligence into its business model.

Fortune · Apr 16

What Q3 investment banking trends reveal about the economy

A former bank examiner for the Federal Reserve Bank who is a risk-management practitioner weighs in.

Fortune · Oct 22, 2024

CFOs of Goldman Sachs and Bank of America upbeat about the Fed's rate cut

This week, the big bank finance chiefs weighed in on the economy.

Fortune · Sep 26, 2024

Read Why Morgan Stanley Upgraded Bank Of America

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…

Benzinga · Mar 28, 2022