Bank of America (BAC 1.41%) has become one of the world's largest financial services companies. While it survived and came out of the Great Recession as a bigger firm, it wasn't smooth sailing.
Bank of America (BAC) closed the most recent trading day at $42.21, moving +1.34% from the previous trading session.
Bank of America CEO Brian Moynihan discusses the regulatory outlook under President Trump.
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year.
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year. From a numbers standpoint, that means gross domestic product growth this year of closer to 2% from recent trends closer to 3%, according to the CEO.
Bank of America CEO Brian Moynihan joins 'Squawk Box' to discuss the state of the economy, health of the American consumer, the Fed's inflation fight, rate path outlook, impact of tariffs and policy uncertainty, the debanking concerns within the banking industry, President Trump's economic agenda, regulatory outlook, and more.
In the most recent trading session, Bank of America (BAC) closed at $41.44, indicating a +1.35% shift from the previous trading day.
Shares of Bank of America (BAC 1.03%) are down approximately 14% from their 52-week high amid the broader stock market sell-off. Concern over the U.S. economy and the impact of trade tariffs being implemented by the Trump administration have marked a decisive shift in investor sentiment.
Bank of America (BAC) has made another new change to increase oversight of the working conditions of junior bankers, according to a Monday report from The Wall Street Journal.
Sources believe Trump's victory was essentially a double whammy for the CEO — putting the bank in the crosshairs but also halting his own political aspirations.
Bank of America (BAC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The layoffs are part of an annual process to cut under-performers. However, deal volumes have also fallen below expectations in the first half of the year.