The Latest Breaking News from BofA

Bank Of America CEO Highlights Stable Deposits And Healthy Consumers Amid Strong Quarterly Results

BofA's Q2 revenue beats estimates, client balances climb and loan demand remains steady.

Zenger · Jul 19, 2023

DraftKings Shares Surge As Bank Of America Calls It A ‘KIng’

Bank upgrades DraftKings, predicts significant improvement in margins and profitability.

Zenger · Jul 14, 2023

Bank of America hit with $250M in fines, customer refunds for ‘double-dipping’ fees, fake accounts

It is one of the highest financial penalties in years against Bank of America, which has largely spent the last 15 years trying to clean up its reputation.

Chicago Sun-Times · Jul 11, 2023

Boomers are pushing millennials out of the housing market for 3 main reasons

BofA: "In the current environment...baby boomers are better equipped financially for home purchasing."

Fortune · Jun 11, 2023

Morgan Stanley analysts see a fall for commercial real estate 'worse than in the Great Financial Crisis'—BofA disagrees for 3 key reasons

Bank of America: "We conclude that the [CRE] challenges are real and significant, but, for several reasons, they are manageable and do not represent a systemic risk to the U.S. economy"

Fortune · May 24, 2023

Nvidia Stock is Up Over 103% YTD - Making Shorting Its Puts Attractive for Income Plays

Nvidia stock is up over 103% YTD, including 10%+ in the last month. This has pushed up its put option premiums and made shorting out-of-the-money puts ideal for investors to create income.

Barchart · May 16, 2023

'Attaining the American dream is becoming more challenging than ever' finds BofA's millennial housing survey

BofA: “While some Millennials could feel motivated to buy a home soon to get ahead of cost increases, others may stay out of the housing market due to affordability challenges.''

Fortune · May 8, 2023

Remote work is turning America into a 'suburban nation,' a massive millennial survey by BofA finds

To aging millennials, the suburbs are the good place.

Fortune · May 5, 2023

Banks are paying savers again after many years of low rates

Banks are paying up for savers’ deposits in a much bigger way than they have in a long time

The Independent UK · Apr 24, 2023

'Buy in May, sell in August' says Bank of America strategist

The Bank of America has debunked a market myth and uncovered when investors should really be selling up this summer.

Fortune · Apr 19, 2023