The Latest Breaking News from Bank of America

Bank of America (BAC) vs. Wells Fargo (WFC) vs. JPMorgan (JPM): Which Bank Stock Has Better Momentum Behind It?

The U.S. banking industry currently faces challenges like rising deposit costs, rating downgrades, slowing loan growth, stricter lending standards, etc. Therefore, watching the momentum of major banks like JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC) could offer investment opportunities. Let’s find out which of these stocks…

StockNews.com · Sep 12, 2023

Are Investors Too Overweight Tech Stocks?

According to a Bank of America fund manager survey, investors are the most overweight they have been in the technology sector since December 2021, with 60% of respondents saying being long big tech as the most crowded trade. A Bank of America analysis of Q2 filings shows that 20% of...

Barchart · Sep 8, 2023

China Bans Use Of IPhones, Other Foreign-Branded Devices By Government Officials

The move could result in a substantial headwind of up to 10 million units, significantly impacting Apple, say analysts.

Zenger · Sep 7, 2023

Why Ambitious U.S. Emissions Reduction Goals Are Increasingly Out of Reach

Amid huge profits for oil majors, pressure builds on banks to cut ties.

Capital & Main · Aug 24, 2023

Which Bank Stock Is Worth Investing In: Citigroup Inc. (C) vs. Bank of America (BAC)?

After stabilizing briefly, the banking sector finds itself in a tough spot because of the negative stance of major credit rating agencies. Amid this uncertain environment, which is a better investment option between Citigroup (C) and Bank of America (BAC)? Keep reading….

StockNews.com · Aug 24, 2023

More Americans Borrowing from 401(k)s to Get By Financially

401(k) data from Bank of America shows savers increasingly dipping into their retirement funds to make ends meet.

Kiplinger · Aug 15, 2023

The 'richcession' is real—Unemployment is rising for the 6-figure salary set, BofA data shows

People making $125,000 and more are getting laid off faster than anyone else, in a reversal of the typical recession playbook.

Fortune · Aug 15, 2023

A $500 million deal to restore Gabon's coast reignites climate finance debate

Gabon is refinancing $500 million of its debt through a deal aimed at directing more funds to ocean management

The Independent UK · Aug 15, 2023

As Climate Crisis Worsens, Debate Heats Up Over Transition to Clean Energy and Bank ‘Greenwashing’

More banks targeted for financing fossil fuel activity, including via a ‘hidden pipeline.’

Capital & Main · Aug 11, 2023

Markets Today: Stocks Fall on a Hot U.S. July PPI

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.25%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.47%. Stock indexes this morning are moderately lower. Concerns that weakness in China’s economy will curb global growth prospects are weighing on stocks. Losses in stock...

Barchart · Aug 11, 2023