Bank of America in the news

Bank of America is expanding its financial services in Phoenix, driven by the city's economic growth and tech sector boom.

Bank of America appointed Jeff Crabtree as the new Sarasota-Manatee market president, tasked with growing market share and client relationships.

Bank of America settled a class action lawsuit for $4.28 million for not paying former employees for unused vacation time in California, New York, and Illinois.

TD Cowen resumed coverage of Bank of America (BAC) with a Hold rating and a $60 price target, highlighting a strong fundamental backdrop for the banking sector but stressing selective stock picking.

Bank of America is optimistic about General Motors' strategic, subtle redesigns of its trucks, anticipating market share protection, competitive strength, and increased revenue through price hikes and loyal customer appeal.

Bank of America is utilizing AI, including its Erica chatbot, to enhance customer experience, streamline internal operations, and ensure responsible technology deployment.

Bank of America faces challenges with higher interest rates impacting lending and institutional selling, despite its historical profitability, with bearish indicators and an upcoming earnings report.

Bank of America trimmed its indirect stake in Turkish decorative surfaces company Gentas by selling over 2.1 million shares through Merrill Lynch International.

Bank of America expects strong Q3 2026 earnings due to Fed rate hikes and a resilient U.S. economy, with projected loan growth and upside potential for its stock.

Bank of America strategists recommend equity derivatives for investors to benefit from the tech rally and protect against a potential bubble, as the Nasdaq 100's rise is concentrated in AI-related stocks.

Bank of America Securities analyst Andrew Obin reiterated a Buy rating and raised the price target for Eaton, citing strong demand from data centers and utilities, and positive comments from Eaton's CEO.

Bank of America's Q3 earnings report on October 14th faces potential challenges in wealth management due to market valuations and risks in short-term funding, while investors anticipate strong results.

Bank of America analysts advise using equity derivatives to capitalize on the tech rally and mitigate risks amid concerns about a brewing tech bubble.

Bank of America's Merrill Lynch International reduced its indirect stake in Turkish renewable energy producer A1 Yenilenebilir Enerji Uretim AS to 2.369% through net share sales on October 5, 2026.

Bank of America's online and mobile banking services are currently experiencing an outage, affecting numerous users.

Bank of America froze and then closed a customer's business account, trapping over $50,000, leading to an 18-month legal battle over the bank's right to close accounts without detailed explanation or swift resolution.

Bank of America suggests investors be more selective in AI CAPEX investments as the 'easy money' phase may be ending, with a potential pivot away from broad beneficiaries.

Bank of America strategists predict that "easy money" from AI-related investments will diminish as market trends are already priced in.

Bank of America strategists advise investors to shift focus from AI to consumer spending, noting that consumer resilience is underestimated and AI capex strength is likely priced in.

Bank of America is expanding its apprenticeship programs, investing in workforce development, and increasing its AI implementation, as stated by CEO Brian Moynihan.