During the third quarter (Q3) of 2024, the extensive selling activity – particularly of Bank of America (NYSE: BAC) stock – of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A, BRK.B) drew much attention.
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle.
The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and Wells Fargo — alleging that they failed to protect consumers from “widespread fraud” on the peer-to-peer payment network.
KBW praises Citi's value, Goldman's revenue upside and Bank of America's expected net interest income growth.
The Fed signals fewer rate cuts for 2025 on persistent inflation. So, the operating backdrop for banks like JPM, BAC, C, CMA & KEY is less likely to improve.
The Fed is likely to cut interest rates today for the third time in 2024. Yet, the outlook for the four rate cuts anticipated in 2025 remains uncertain.
Zacks.com users have recently been watching Bank of America (BAC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Bank of America Chairman and CEO Brian Moynihan talks about consumer spending, the need for the Federal Reserve to cut interest rates "a little," and how regulators need to take a closer look at the rules for banks. He speaks to Bloomberg's David Westin.
Bank of America CEO Brian Moynihan discusses his outlook for financial stocks and his thoughts on the incoming Trump administration.
Bank of America CEO Brian Moynihan on Tuesday discussed the state of the economy and consumer.
Bank of America CEO Brian Moynihan joins 'Squawk Box' to discuss the latest market trends, what to expect in 2025, his thoughts on the incoming Trump administration, M&A and regulatory outlook, impact of Trump's tariff proposals, state of economy, strength of the consumer, the Fed's inflation fight, and more.
There are many different types of investors on Wall Street, but the CEO of Berkshire Hathaway (BRK.A -0.31%) (BRK.B -0.59%) is in a class of his own. Since taking the helm at the holding company, he's delivered a 4,615,876% return.