The Latest Breaking News from Bank of America

US Appeals Court Overturns Dismissal In Antitrust Lawsuit Against Banks

US appeals court orders recusal of judge in antitrust lawsuit against major banks for overcharging investors on corporate bonds.

Top News · Jul 3, 2024

JPMorgan's Chief Strategist Reiterates Bearish Outlook, Says The S&P 500 Will Fall 23% By Year-end

JPMorgan strategist Marko Kolanovic forecast a significant S&P 500 decline by year-end as US GDP growth in Q1 slowed considerably amid headwinds like downward earnings revisions.

International Business Times UK · Jul 2, 2024

Bank of America chart guru says today marks beginning of the S&P 500’s ‘strongest’ average 10-day period of the year…over 96 years

Bank of America strategist Stephen Suttmeier says the S&P 500’s best performing 10-day period has started in July, going back to 1928.

Fortune · Jul 1, 2024

Bank of America tells Detroit’s Big 3 they can’t make money in China and should just leave the hypercompetitive car market ‘as soon as they possibly can’

BoA argues GM, Ford and Stellantis either face a future of funding continued losses in China or they can redeploy resources to finally become competitive with Tesla—but they can't do both.

Fortune · Jun 19, 2024

Rich Gen Zers and millennials are investing in jewelry, sneakers and fine wine instead of traditional assets, says Bank of America

And they feel better than anyone else about the state of the economy.

Fortune · Jun 19, 2024

The raging bull market hasn’t peaked just yet, BofA says

Bank of America’s head of U.S. equity and quantitative strategy notes that only four out of 10 bull market peak indicators are flashing warning signs.

Fortune · Jun 17, 2024

Bank of America says Broadcom could be the next trillion-dollar company—but rival Nvidia would still be 3 times larger

While Nvidia stands as the undisputed winner of the AI chip wars, it soon could have a rival.

Fortune · Jun 14, 2024

World’s top banks ‘greenwashing their role in destruction of the Amazon’

Institutions alleged to have given billions of dollars to oil and gas companies involved in projects that are harming the rainforests

The Guardian - UK · Jun 11, 2024

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch

The Independent UK · Jun 10, 2024

Bank of America Stock: Is BAC Outperforming the Financial Sector?

Bank of America's stock has been outperforming the broader financial sector, and Wall Street analysts are optimistic about the stock’s prospects.

Barchart · Jun 7, 2024