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bank of america
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investopedia.comfinance4 days ago
Active Funds Beat Benchmarks in June
Bank of America reported that more than half of large-cap active funds outperformed their benchmarks in June. Small-cap and mid-cap active funds showed even higher outperformance rates during the same period.
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news.sky.combusiness4 days ago
Spending at Restaurants and Bars Rises in U.S. World Cup Host Cities
Bank of America data shows brick-and-mortar spending at restaurants and bars in the 11 host cities increased 5.3% year over year in the three weeks ending June 27. The gain exceeded the 3.8% national increase reported for the same period.
benzinga.comfinance7 days ago
U.S. Stock Outflows Reach Fastest Pace Since March, Bank of America Reports
Investors pulled money from U.S. equity funds at the quickest weekly rate since March, according to Bank of America data. The report tracks net flows across major asset classes.
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washingtonpost.combusiness9 days ago
Wedding spending rose 8.5 percent in 2026 as inflation hit 4.2 percent
Couples increased wedding-related outlays by 8.5 percent compared with 2025. Bank of America Institute data linked the increase to higher prices for imported goods and broader inflation that reached 4.2 percent in May.
newrepublic.comfinance9 days ago
Senator Requests Inspector General Review of Federal Reserve Governor’s Private Event
A U.S. senator asked the Federal Reserve’s inspector general to examine whether a governor violated central bank rules by speaking at a private Bank of America dinner. The request focuses on compliance with the institution’s policies for outside engagements.
Semaforai15 days ago
Former Commerce Secretary Launches Nonprofit to Help Workers Adapt to AI
Gina Raimondo and a former Republican governor formed RAISE US to coordinate state-level retraining programs. The group has received funding from OpenAI, Anthropic, Bank of America, and Amazon.
Washington Examinerpolitics21 days ago
Bank of America to Provide World Cup Tickets to Military and First Responders
Bank of America will distribute more than $2 million in tickets for the 2026 FIFA World Cup to U.S. military members, veterans, first responders, and their families. The program covers all tournament stages and is part of the bank's role as official FIFA World Cup 2026 bank.
manilatimes.netbusiness21 days ago
Bank of America Card Data Shows Lower-Income Spending Rising While Upper-Income Spending Holds Steady
Lower-income households increased spending on goods and services excluding gas in the past week while wealthier households held steady. Oil prices fell from over $113 to $79 a barrel after the U.S. and Iran agreed to end military conflict.
Fortunefinance24 days ago
Survey Shows Most Investors Expect Fed to Hold Rates Steady
A Bank of America survey found 55 percent of investors anticipate a hawkish hold at the next policy meeting. Another 33 percent expect a dovish hold that could allow future cuts. The poll ran from June 5 to June 11.
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thepointsguy.combusiness25 days ago
Bank of America CEO Discusses Consumer Spending Patterns
Bank of America CEO Brian Moynihan spoke about how Americans are spending money and how the bank is adapting to changing consumer behavior ahead of the country's 250th anniversary.
koreaherald.comfinance25 days ago
Bank of America customers buy less premium pet food as card spending rises 5%
CEO Brian Moynihan said spending on Bank of America credit and debit cards rose 5% in May, even as customers shifted to lower-priced pet food brands.
dnaindia.comtechnology29 days ago
Bank of America Raises 2030 Server CPU Market Forecast to Over $170 Billion
Bank of America increased its projection for the 2030 server CPU total addressable market to more than $170 billion from $125 billion. The revision cites growth in agentic AI systems that plan and execute multi-step tasks.
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cointelegraph.combusiness34 days ago
Major U.S. Banks to Launch Shared Tokenized Deposit Network by Mid-2027 to Compete With Stablecoins
JPMorgan Chase, Bank of America, Citigroup and other lenders will launch a blockchain-based settlement system through The Clearing House to compete with stablecoins.
dnaindia.combusiness35 days ago
JPMorgan, Citi and Bank of America to Launch Shared Blockchain Deposit Network in 2027
Three major U.S. banks are developing a joint blockchain system to add crypto-like features to traditional deposits, with a target launch in mid-2027.
Bloombergworld36 days ago
Bank of America Hires Anshul Gupta from Avendus to Rebuild Its Weakened India Investment Banking Franchise
@business reported that Bank of America is hiring Anshul Gupta from Avendus Capital to lead its investment banking unit in India. The move comes as the U.S. lender works to rebuild its dealmaking franchise in the country.
winnipegfreepress.comsports36 days ago
Bank of America and Vet Tix give 4,547 World Cup tickets to veterans
Bank of America and Vet Tix will distribute 4,547 tickets for the 2026 World Cup to U.S. veterans, active-duty service members, first responders, and their families. The tickets cover matches including those featuring the U.S. men's national team.
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Al Jazeerasports39 days ago
United States Defeats Senegal 3-2 in World Cup Warmup
The United States beat Senegal 3-2 on May 31 at Bank of America Stadium in Charlotte, North Carolina. Christian Pulisic scored and assisted in the match, ending a five-month scoring drought.
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nypost.comsports40 days ago
United States Edges Senegal 3-2 in Pre-World Cup Friendly
The United States men's national team beat Senegal 3-2 on May 31 at Bank of America Stadium. The result came in the team's first match since March losses to Belgium and Portugal.
Benzingaai40 days ago
Apple AI Plans and Stock Rise Draw Analyst Attention
Bank of America analyst Mohan stated that Apple is positioned to benefit from agentic smartphone technology. The company’s shares increased during the week. Nvidia CEO Jensen Huang joined an advisory board in China.
theolivepress.esbusiness43 days ago
U.S. Pet Spending Rose in 2025 While Adoption Rates Slowed
A Bank of America Institute analysis found that pet-related spending increased in 2025 even as adoption rates declined. The study examined card data across income groups and metropolitan areas.
thehindubusinessline.comfinance45 days ago
Survey Finds 44 Percent of Fund Managers Expect Strait of Hormuz Reopening in June 2026
A Bank of America survey shows 44 percent of fund managers anticipate the Strait of Hormuz will reopen in June 2026. The poll records expectations for the waterway's status amid ongoing regional developments.
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businesstoday.inai47 days ago
Bank of America Report Compares AI Productivity Impact to Electricity and Internet
Bank of America analysts stated that artificial intelligence could raise global productivity growth by up to one percentage point over the next decade. The bank placed current measured gains at 0.1 percent per year and noted that only 23 percent of AI-transformable tasks are cost…
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theweek.comai47 days ago
Bank of America Report Projects 10x Productivity Gains From AI
Bank of America economists said AI could raise global productivity growth by one percentage point over the next decade. The bank noted current measured gains are only 0.1 percent annually. Other analysts cited in the report offered smaller estimates.
finance49 days ago
Bank of America Strategist Says Mega IPOs Raise Tech Share in Indexes
Bank of America strategist Michael Hartnett said large planned IPOs from companies including SpaceX and OpenAI could push technology sector weighting in major indexes above previous bubble levels. Technology already accounts for over 44 percent of the S&P 500 Index.
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Fox Newspolitics50 days ago
Congressional Report Says U.S. Banks Underwrote Offerings for Chinese Battery Firm CATL
A House committee report states that JPMorgan Chase and Bank of America helped CATL raise capital through stock offerings after the Pentagon placed the company on its list of Chinese military-linked firms. The report says the banks conducted due diligence but accepted CATL's stat…
upi.comfinance50 days ago
Bank of America Survey Shows Investor Expectations for Possible Federal Reserve Rate Hikes
A Bank of America survey found that 14 percent of investors believe conditions for a Federal Reserve interest rate increase are already met. Another 38 percent said the central bank would tighten policy if core inflation reaches 3.5 to 4 percent.
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activistpost.comfinance52 days ago
Survey Finds 44 Percent of Investors Expect Strait of Hormuz Reopening in June
A Bank of America survey shows 44 percent of investors anticipate the Strait of Hormuz will reopen in June 2026. The poll reflects current market expectations for the waterway's status.
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finance.yahoo.comfinance52 days ago
Bond Traders Focus on 5.5% as New Benchmark for 30-Year Treasury Yields
Bond traders are shifting attention to 5.5% as the next key level for 30-year U.S. Treasury yields. A Bank of America survey shows 62% of respondents targeting 6% and 20% targeting 4%.
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Substrate placeholder — needs reviewworld53 days ago
Bank of America Analyst Raises Brent Crude Price Outlook to $90
Bank of America analyst Francisco Blanch said Brent crude could reach $90 a barrel this year due to a global supply deficit. The forecast follows similar projections from Goldman Sachs and comes amid ongoing disruption at the Strait of Hormuz.
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benzinga.comfinance53 days ago
Bank of America Starts ServiceNow Coverage with Buy Rating and $130 Target
Bank of America initiated coverage of ServiceNow with a Buy rating and a $130 price target. Analyst Tal Liani stated that the company will benefit from the autonomous agentic AI cycle rather than be displaced by it.
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finance53 days ago
Bank of America Analyst Projects Brent Crude Price Range of $90 to $130
Francisco Blanch of Bank of America stated that Brent crude prices could reach $90 per barrel in a best-case scenario. He noted higher risks if tensions involving Iran continue and supply remains tight.
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themandarin.com.aufinance59 days ago
Wage Growth Concentrated Among Higher-Income Households in April
Higher-income households saw after-tax wage growth of 6 percent year-over-year in April while lower-income households experienced only 1.5 percent growth that barely offset rising gas costs, according to Bank of America Institute data. Overall consumer credit and debit card spend…
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User-providedfinance59 days agoUpdated
U.S. and Japan Finance Chiefs Meet
The U.S. Treasury Secretary met with Japan's Finance Minister in Tokyo on May 12, 2026. The two sides agreed they have been effectively coordinating on foreign exchange issues and will maintain that cooperation. A Bank of America strategist said he expects the yen to continue dep…
insidermonkey.comfinance64 days ago
Fast Food Chains Report Divergent Q1 2026 Sales Amid Split Consumer Spending
Restaurant companies including McDonald’s, Taco Bell, Papa John’s and Wingstop posted varied same-store sales results in the first quarter of 2026. Higher-income consumers continued spending while lower-income households reduced visits to some chains. Bank of America Research att…
mumbrella.com.aufinance85 days ago
Bank of America Reports Strongest Earnings in Nearly 20 Years, Highlights AI Role
Bank of America announced its strongest earnings in almost two decades. The bank’s CFO stated that artificial intelligence is increasingly important to its financial performance.
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Substrate placeholder — needs reviewfinance85 days ago
Bank of America Notes Elevated S&P 500 Valuations with Caution on Historical Comparisons
Bank of America Securities reported that the S&P 500 index appears overvalued based on most valuation metrics. However, the firm advised caution when comparing current market conditions to previous cycles, suggesting such comparisons may not be fully indicative.
Substrate placeholder — needs reviewfinance85 days ago
Bank of America Launches Investment-Grade Bond Sale Amid Wall Street Offerings
Bank of America initiated an investment-grade bond sale on Thursday, joining other major Wall Street lenders in issuing debt this week. The sale is part of a broader trend of bond offerings by financial institutions.
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Photo: Chris Li / Unsplashfinance86 days ago
U.S. Stocks Rise on Wednesday with Dow Up 0.22%, Bank of America Reports Q1 Earnings Beat
U.S. stocks traded higher on Wednesday morning, with the Dow Jones index gaining 0.22% to 48,642.84. Bank of America Corp reported first-quarter earnings of $1.11 per share, exceeding the analyst consensus of $1.00 per share. Allbirds Inc shares surged 323% to $10.54 after announ…
Photo: Aditya Vyas / Unsplashfinance86 days ago
U.S. Stocks Rise After Market Open on April 15, Bank of America Reports Q1 Earnings Above Estimates
U.S. stocks traded higher on Wednesday morning, with the Dow Jones up 143.21 points to 48,679.20 and the S&P 500 up 10.79 points to 6,978.17. Bank of America Corp reported first-quarter earnings of $1.11 per share, exceeding the analyst consensus of $1.00 per share. Allbirds Inc…
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Substrate placeholder — needs reviewfinance91 days ago
Major Banks to Begin Offering Bitcoin Derivatives Next Week
Bank of America, Barclays, Deutsche Bank and Goldman Sachs plan to start selling bitcoin derivatives next week, according to the Wall Street Journal. Additional banks may join the offerings in the future.
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Substrate placeholder — needs reviewfinance91 days ago
Bank of America Maintains Forecast for Two Federal Reserve Rate Cuts in 2026
Bank of America has kept its prediction for two interest rate cuts by the Federal Reserve in 2026. The bank's economists expect the central bank to consider factors including supply-driven inflation, weak wage pressure, and political influence. This outlook was outlined by econom…
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Substrate placeholder — needs reviewfinance91 days ago
Bank of America Strategist Recommends Commodities Investment Amid Geopolitical and Macroeconomic Turmoil
Bank of America's Michael Hartnett has advised investors to allocate to commodities over the next few years. He attributes this recommendation to ongoing global geopolitical and macroeconomic challenges. The suggestion aims to position commodities as a beneficiary in the current…
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Substrate placeholder — needs reviewfinance93 days ago
Bank of America Research Shows Kalshi's Increased Share in U.S. Prediction Markets
Bank of America research indicates that Kalshi's weekly trading volume has risen sharply over the past year. The platform now accounts for 91% of the U.S. prediction market. Crypto.com's market share in this sector exceeds that of Polymarket, per the report.
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insidermonkey.comfinance94 days ago
CNBC 'Fast Money' Discusses AI Scrutiny, Oil Market Tightness, and Muted Reaction to Trump Iran Threat
CNBC's 'Fast Money' featured discussions on investor underestimation of responsible AI scrutiny, tight oil markets despite price declines, and the stock market's subdued response to President Trump's threat against Iran. Experts from SS&C Technologies, Greenlight Commodities, and…
insidermonkey.comfinance94 days ago
Market Analysts Discuss AI Scrutiny, Oil Tightness, and Muted Reactions to Iran Threat
Financial experts on CNBC programs addressed investor underestimation of responsible AI oversight, persistent tightness in oil markets despite price declines, and equity markets' resilience amid President Trump's threat against Iran. Charles Schwab's Liz Ann Sonders noted surpris…
123net / Wikimedia (CC BY-SA 3.0)world94 days ago
Pimco in Talks with Bank of America for $14 Billion Financing of Oracle Data Center in Michigan
Pacific Investment Management Company (Pimco) is negotiating with Bank of America to provide approximately $14 billion in debt financing for an Oracle data center project in Michigan. The facility is planned as a large-scale development. Details on the project's timeline and scop…
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Substrate placeholder — needs reviewworld95 days ago
Major Firms Support Options Clearing House Plan Amid Retail Broker Cost Concerns
Bank of America, Citadel, and Goldman Sachs have expressed support for a plan proposed by the Options Clearing Corporation, the world's largest options clearing house. Retail brokers have raised concerns that the plan would impose hundreds of millions of dollars in additional cos…
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